HASCO(SH:600741) Zheng Quan Zhi Xing·2025-08-27 09:20Core Viewpoint - The company plans to acquire a 5.2957% stake in Lianchuang Automotive Electronics Co., Ltd. for no more than 154.783804 million RMB, which constitutes a related party transaction but does not qualify as a major asset restructuring [1][2][12]. Group 1: Transaction Overview - The acquisition is part of the company's strategy to enhance its "smart chassis" business matrix in line with industry trends towards intelligence [2][12]. - The transaction involves six shareholders of Lianchuang Electronics, including Shanghai Guozhi State-owned Enterprise Reform Pilot Private Equity Fund Partnership, Shanghai Xintai Information Technology Co., Ltd., and others [2][12]. - The transaction will be funded entirely from the company's own funds, with payment to be made within 3-10 working days after the delivery date [3][12]. Group 2: Financial Details - The total consideration for the acquisition is capped at 154.783804 million RMB, based on an independent valuation of Lianchuang Electronics' equity [11][12]. - The valuation report indicates that Lianchuang Electronics has a net asset book value of 282.3357 million RMB, with a market value assessed at 292.282 million RMB [11][12]. - The company reported a revenue of 1,558.184 million RMB for 2024, with total assets of 1,679.121 million RMB and net assets of 452.357 million RMB [8][12]. Group 3: Strategic Implications - The acquisition is expected to facilitate collaboration between the company and Lianchuang Electronics in the fields of smart chassis and intelligent networking, enhancing the product portfolio and accelerating business transformation [12]. - This move aligns with the industry's shift towards intelligent control systems in the automotive sector, particularly in the context of electric vehicles [12].