H1转亏股欧菲光拟18亿买微电子股权 标的增值率113%

Core Viewpoint - The company O-film Technology (002456.SZ) plans to acquire a 28.2461% stake in O-film Microelectronics (Nanchang) Co., Ltd. through a share issuance, which will make the target company a wholly-owned subsidiary after the transaction is completed [1][4]. Group 1: Transaction Details - The transaction price for the 28.2461% stake is set at 179,080.5266 million yuan, based on an assessed value of 634,000 million yuan for 100% equity of the target company, reflecting an increase of 112.81% from its book value of 297,920.81 million yuan [2][3]. - The share issuance price is determined at 10.63 yuan per share, with a total of 168,467,099 shares to be issued to the counterparty, Nanchang Chanmeng [1][2]. - The company aims to raise up to 80,000 million yuan in supporting funds, which will be used for project construction and may also be allocated for working capital and debt repayment, subject to certain limits [3]. Group 2: Financial Performance of Target Company - The target company, O-film Microelectronics, reported revenues of 285,609.18 million yuan, 317,497.25 million yuan, and 73,212.72 million yuan for the years 2023, 2024, and the first quarter of 2025, respectively [4][5]. - The net profits for the same periods were 23,737.24 million yuan, 27,938.14 million yuan, and 3,661.39 million yuan, with the net profit attributable to the parent company being 23,744.97 million yuan, 27,942.34 million yuan, and 3,661.84 million yuan [5][6]. - Key financial ratios as of March 31, 2025, include a current ratio of 1.96, a quick ratio of 1.80, and a debt-to-asset ratio of 43.87% [6]. Group 3: Strategic Implications - The acquisition will enhance the company's control over O-film Microelectronics, increasing its strategic alignment and operational synergies in areas such as fingerprint recognition modules and IoT accessories [4]. - The company’s actual controller, Cai Rongjun, will remain unchanged post-transaction, ensuring continuity in management and strategic direction [4].