溢价219%！银河磁体拟4.2亿收购京都龙泰100%股权

Core Viewpoint - Galaxy Magnet plans to acquire 100% equity of Sichuan Kyoto Longtai Technology Co., Ltd. through a share issuance and cash payment, with an estimated valuation of approximately RMB 450 million [1][2]. Group 1: Acquisition Details - The share issuance price is set at RMB 23.15 per share, representing a discount of about 28.31% compared to the last trading day's closing price of RMB 32.29 on September 12 [1]. - The acquisition aims to mitigate the impact of shrinking international markets and fluctuating rare earth material prices on Galaxy Magnet's operations [1]. Group 2: Financial Performance of Kyoto Longtai - As of June 30, 2025, Kyoto Longtai's total assets are RMB 285 million, with equity of RMB 141 million, indicating a premium of nearly 219% on the acquisition valuation [2]. - Kyoto Longtai's revenue for 2023, 2024, and the first half of 2025 is RMB 138 million, RMB 187 million, and RMB 95 million, respectively, with net profits of RMB 5.89 million, RMB 11.54 million, and RMB 8.90 million [2]. Group 3: Galaxy Magnet's Financial Performance - Galaxy Magnet's revenue and net profit have been declining, with revenues of RMB 992 million, RMB 824 million, and RMB 799 million from 2022 to 2024, and net profits of RMB 171 million, RMB 161 million, and RMB 147 million [3]. - In 2024, overseas sales decreased by 19.86% to RMB 206 million, while domestic sales increased by 4.57% to RMB 593 million [3]. - In the first half of 2025, Galaxy Magnet reported revenues of RMB 390 million, a decline of 2.01%, but net profit increased by 7.26% to RMB 84.25 million due to improved gross margins and other income [3].