KEBODA(SH:603786) Huan Qiu Lao Hu Cai Jing·2025-09-05 06:55Core Viewpoint - The company Kobot has announced a cash acquisition of 60% equity in Kobot Intelligent Technology from Shanghai Keshih Investment Management for 345 million yuan, which constitutes a related party transaction due to control by the company's actual controller [1] Group 1: Acquisition Details - The acquisition price for the 60% stake is set at 345 million yuan [1] - Shanghai Keshih has committed to a performance guarantee, ensuring that Kobot Intelligent Technology will achieve a cumulative net profit of no less than 630 million yuan during specified future periods [1] - The acquisition is part of Kobot's strategy to enter the core product track of automotive intelligence, leveraging Kobot Intelligent Technology's expertise in automotive central computing platforms and related domain controllers [2] Group 2: Financial Assessment - As of July 31, the total equity value of Kobot Intelligent Technology was assessed at 575 million yuan, reflecting an increase of 499 million yuan and a valuation increase rate of 653.25% [2] - Kobot Intelligent Technology reported total assets of 779 million yuan and total owners' equity of 74.81 million yuan as of July 31 [2] - For the year 2024, Kobot Intelligent Technology is projected to generate revenue of 178 million yuan but incurred a net loss of 41.9 million yuan [2] Group 3: Historical Context and Performance - Kobot initially acquired a 20% stake in Kobot Intelligent Technology for 40 million yuan in October 2022, indicating a strategic interest in the company [2] - Kobot Intelligent Technology has focused on technology research and product breakthroughs, achieving a research and development expense ratio of 43.62% in 2024 [3] - The company has begun to commercialize its research efforts, with a significant reduction in the R&D expense ratio to 20.79% in the first seven months of 2025 [3]