斥资8.5亿元收购中兴系统，经纬辉开斩获“20cm”涨停

Core Viewpoint - The company Jingwei Huikai announced a cash acquisition of 100% equity in ZTE System Technology Co., Ltd. for 850 million yuan, aiming to strategically transform its business into the high-growth private network communication sector [1][2]. Group 1: Acquisition Details - The acquisition price for ZTE System is set at 850 million yuan, which is closely aligned with the assessed value of 853 million yuan based on the income approach [1]. - Following the acquisition, ZTE System will be included in the consolidated financial statements of Jingwei Huikai [1]. - The stock price of Jingwei Huikai surged to a limit increase of 20% on October 20, closing at 12.32 yuan, resulting in a market capitalization of 7.077 billion yuan [1]. Group 2: Financial Performance of ZTE System - As of June 30, 2025, ZTE System reported total assets of 1.892 billion yuan and total equity of 72.49 million yuan [2]. - ZTE System achieved revenues of 1.055 billion yuan and 506 million yuan for the years 2024 and the first half of 2025, respectively, with net profits of 66 million yuan and 32 million yuan [2]. - Shareholders of ZTE System have committed to a cumulative net profit of no less than 215 million yuan for the years 2025, 2026, and 2027 [2]. Group 3: Financial Performance of Jingwei Huikai - Jingwei Huikai's revenue figures for 2022, 2023, and 2024 were 2.7 billion yuan, 3.434 billion yuan, and 3.261 billion yuan, respectively, with net profits of 36.77 million yuan, -289 million yuan, and 21.46 million yuan [2]. - In the first half of 2025, Jingwei Huikai reported a revenue of 127.5 million yuan, reflecting a year-on-year decline of 20.23%, and a net profit of 14.08 million yuan, down 70.78% year-on-year [2].