LY iTECH(SZ:002600) Zhi Tong Cai Jing·2025-10-30 01:33Core Viewpoint - The company Linyi Intelligent Manufacturing (领益智造) is acquiring a 96.15% stake in Zhejiang Xianglong Machinery (浙江向隆) for a cash price of 2.404 billion yuan, aiming to enhance its presence in the automotive industry and optimize its product matrix [1] Group 1: Acquisition Details - Linyi Intelligent Manufacturing's wholly-owned subsidiary, Linyi Technology (Shenzhen) Co., Ltd., will purchase the stake from multiple entities including Venture Equities Management and others [1] - The acquisition will result in Zhejiang Xianglong being included in the company's consolidated financial statements [1] Group 2: Company Profile - Zhejiang Xianglong is a manufacturer specializing in the research, development, and production of automotive drive shafts and transmission shafts [1] - The company serves a wide range of well-known domestic and international manufacturers of both new energy and fuel vehicles, as well as leading brands in the global all-terrain vehicle market [1] Group 3: Strategic Intent - The transaction aims to accelerate the company's strategic layout in the automotive sector, enrich its revenue structure, and achieve industrial upgrading and optimization [1] - The acquisition is aligned with the trends of electrification and intelligence in the automotive industry, as well as the exploration of expanded applications for AI terminal hardware [1]