南京公用终止收购 外卖小哥熟悉的“换电龙头”宇谷科技曲线上市落空

Core Viewpoint - Nanjing Public has terminated its acquisition of 68% stake in Yugu Technology due to a lack of agreement on transaction terms, which was aimed at enhancing its presence in the new energy sector [1][2][3] Group 1: Acquisition Details - Nanjing Public initially announced plans to acquire a 68% stake in Yugu Technology through a combination of cash and share issuance [2] - The acquisition was intended to leverage Yugu Technology's leading position in the electric two-wheeler battery swapping industry to expand Nanjing Public's existing battery swapping business [2] - The decision to terminate the acquisition was made after thorough consideration and discussions with the transaction counterpart [1][3] Group 2: Yugu Technology Overview - Yugu Technology, established in 2012, is a leading provider of battery swapping equipment and services for electric two-wheelers, recognized as a "little giant" enterprise in China [4] - As of June 2023, Yugu Technology had deployed 23,700 battery swapping cabinets and served 391,100 users across 66 cities [4] - By early 2024, Yugu Technology expanded its operations to 84 cities with over 31,400 battery swapping cabinets [4] Group 3: Financial Performance - In 2023, Yugu Technology reported revenues of 902 million yuan and a net profit of 128 million yuan [5] - For the first three quarters of 2024, the company achieved revenues of 715 million yuan and a net profit of approximately 34.32 million yuan [5] - Yugu Technology's user base is expected to grow by about 25% in 2024, maintaining a market share of nearly 20% in the battery swapping sector [5]