Core Viewpoint - Hualing Cable plans to acquire control of Anhui San Zhu Intelligent Technology Co., Ltd. for a total consideration of no more than 270 million yuan, aiming to accelerate its entry into robotics and high-frequency transmission sectors, thereby creating a second growth curve and enhancing its value center [2][8]. Group 1: Acquisition Details - The acquisition involves the purchase of 100% equity of San Zhu Intelligent, which is a national high-tech enterprise and a specialized small and medium-sized enterprise in Anhui [5]. - San Zhu Intelligent focuses on the research, production, and sales of connectors and wiring harnesses, with applications in servo drive systems, robotics, and industrial manipulators [5]. - The transaction includes performance commitments from the shareholders of San Zhu Intelligent, promising a net profit of approximately 71 million to 75 million yuan for the years 2026 to 2028 [6]. Group 2: Financial Overview - As of December 31, 2024, San Zhu Intelligent reported total assets of 185 million yuan and a net asset of 94 million yuan, with projected revenue of 209 million yuan and a net profit of 25 million yuan for the same year [6]. - Hualing Cable's revenue has shown steady growth from 2.543 billion yuan in 2021 to 4.158 billion yuan in 2024, although its net profit has experienced fluctuations [8]. - In the first half of 2025, Hualing Cable's revenue increased by 12.35% year-on-year to 2.19 billion yuan, with a net profit growth of 4.74% to 64 million yuan [9]. Group 3: Strategic Intent - The acquisition is part of Hualing Cable's strategy to respond to national high-quality development policies and deepen its business in industrial connectors and wiring harness components [9]. - The company aims to enhance its profitability and expand its strategic layout towards intelligent connectivity [9].