时空科技“蛇吞象”！跨界收购存储企业，复牌后一字涨停

Core Viewpoint - Company is attempting to find new growth engines through cross-border acquisitions after four years of losses in its main business of smart lighting engineering [1][8] Group 1: Acquisition Details - Company plans to acquire 100% of Shenzhen Jiahe Jinwei Electronic Technology Co., Ltd. through a combination of issuing shares and cash payment [1][2] - The acquisition involves 19 counterparties, including key individuals and management consulting partnerships [2][4] - Company intends to raise matching funds from its controlling shareholder, Gong Lanhai, not exceeding 100% of the acquisition price, with a maximum issuance of 30% of the total share capital prior to the issuance [2][5] Group 2: Financial Performance - Company reported a cumulative loss of approximately 696 million yuan over four years, with net profits of -17.67 million yuan, -209 million yuan, -207 million yuan, and -262 million yuan from 2021 to 2024 [8][10] - In the first half of 2025, company achieved revenue of 144 million yuan, a year-on-year decline of 10.95%, and a net loss of 66.27 million yuan [10][9] - The financial performance of Jiahe Jinwei shows projected revenues of 854 million yuan, 1.344 billion yuan, and 1.123 billion yuan for 2023, 2024, and the first eight months of 2025, respectively [6][8] Group 3: Strategic Shift - The acquisition is part of a strategic adjustment in response to pressure on the main business, with the company aiming to enhance its asset quality and risk resistance through the integration of semiconductor storage assets [6][8] - Company has been facing intensified competition in the landscape lighting industry, leading to compressed profit margins and increasing accounts receivable issues [10][11] - Company is also focusing on the development of night economy and smart city projects, with revenues from these sectors reported at 87.19 million yuan and 56.21 million yuan, respectively, in the first half of 2025 [10][11]