Yangjie Technology(SZ:300373) Mei Ri Jing Ji Xin Wen·2025-09-17 17:06Core Viewpoint - Yangjie Technology (300373.SZ) announced a cash acquisition of 100% equity in Better Electronics, with a total transfer price of RMB 221.8 million, making Better Electronics a wholly-owned subsidiary after the transaction [1][4]. Group 1: Transaction Details - The acquisition is based on the equity assessment value provided by a qualified evaluation agency, with the final transfer price set at RMB 221.8 million [1]. - This transaction does not constitute a major asset restructuring but is classified as a related party transaction, requiring approval from the shareholders' meeting [4]. - The assessed value of Better Electronics' total equity is RMB 222 million, showing an increase of RMB 162.08 million (an increase rate of 270.46%) compared to the book value of RMB 59.92 million [4]. Group 2: Performance Guarantees - The transaction includes high-performance commitment clauses, with a promise that Better Electronics will achieve a net profit of no less than RMB 555 million from 2025 to 2027 [4]. - If the net profit falls below 90% of the target, the performance commitment party will compensate up to RMB 1.108 billion [4]. - There is also a provision for performance bonuses not exceeding RMB 40 million for exceeding the profit target [4]. Group 3: Strategic Fit - Better Electronics specializes in power electronic protection components, aligning with Yangjie Technology's existing product lines and strategic direction [7]. - The company has established a strong customer base, including major players like Midea, Gree, and BYD, and has applications in automotive electronics, photovoltaics, and energy storage [7]. - Better Electronics had previously attempted an IPO but withdrew the application after failing to respond to inquiries from the Shenzhen Stock Exchange [7]. Group 4: Company Background - Yangjie Technology was founded in 2000 and transitioned from a trading company to a manufacturing entity in 2006, becoming a notable player in the semiconductor industry [8]. - The company went public in 2014 and reported revenues of RMB 5.404 billion and a net profit of RMB 1.06 billion in 2022 [8]. - As of mid-2025, Yangjie Technology achieved a revenue of RMB 3.455 billion, a year-on-year increase of 20.58%, and a net profit of RMB 601 million, up 41.55% [10][11].