LIONHEAD(SH:600539) Shang Hai Zheng Quan Bao·2025-08-24 21:37Core Viewpoint - The company aims to achieve a strategic transformation by entering the machine vision sector, creating a second growth curve through the acquisition of Lipo Technology [2] Group 1: Acquisition Details - The company has received approval for the acquisition of 97.44% of Lipo Technology's shares through a combination of issuing shares and cash payments [3] - Lipo Technology's projected net profits for 2023 and 2024 are 24.087 million and 33.146 million respectively, with performance commitments for 2025 to 2027 set at no less than 33 million, 46 million, and 62 million [3] - The company clarified that the 2025 performance commitment is lower than the 2024 net profit due to adjustments excluding non-recurring gains, indicating a 31% growth from the adjusted baseline [3][4] Group 2: Strategic Rationale - The strategic shift from traditional e-commerce to artificial intelligence is based on industry trends and resource alignment, aiming to capitalize on the smart manufacturing upgrade [5] - The machine vision sector is experiencing rapid growth, with no dominant players in the domestic market, positioning the company to capture significant market share [5] - Lipo Technology's core products leverage AI algorithms and cover various aspects of deep learning and industry applications, providing a strong foundation for the company's transformation [5][6] Group 3: Long-term Strategy - The acquisition aligns with the regulatory encouragement for hard technology mergers, with optimistic market sentiment regarding the approval process [7] - Post-acquisition, the company plans to integrate technology, market, and capital to stabilize performance and develop an end-to-end solution for AI-enabled traditional manufacturing [7] - The long-term strategy includes enhancing industrial coverage, expanding into intelligent manufacturing, and fostering a dual-driven business model of "industrial + consumer" to improve resilience and competitiveness [7][8]