领益智造收购浙江向隆96.15%股权

Core Viewpoint - Guangdong Lingyi Intelligent Manufacturing Co., Ltd. is accelerating its layout in the automotive industry by acquiring a 96.15% stake in Zhejiang Xianglong for 2.404 billion yuan, which will be consolidated into its financial statements after the transaction [1][2]. Group 1: Acquisition Details - Lingyi Technology, a wholly-owned subsidiary of Lingyi Intelligent Manufacturing, will pay a total cash consideration of 2.404 billion yuan for the acquisition [1]. - The payment will be made in two phases: 67% upon the agreement's effectiveness and the remainder based on performance commitments from 2025 to 2027 [2]. - Performance commitments include net profits of no less than 1.75 billion yuan in 2025, 2.00 billion yuan in 2026, and 2.25 billion yuan in 2027, totaling at least 6.00 billion yuan over three years [2]. Group 2: Company and Industry Overview - Zhejiang Xianglong, established in 2006, specializes in the R&D, manufacturing, and sales of automotive drive shafts and transmission shafts, serving major clients like Volkswagen, Toyota, and BYD [2]. - In 2024, Zhejiang Xianglong is projected to achieve revenues of 1.994 billion yuan and a net profit of 127 million yuan, with strong cash flow generation [2]. - Lingyi Intelligent Manufacturing has a strong market presence in precision functional components and is expanding into automotive thermal modules and charging products, aligning with trends in electric and intelligent vehicles [3]. - The acquisition of Zhejiang Xianglong will enhance Lingyi's automotive business, transitioning from Tier 2 to Tier 1, and will support its expansion into humanoid robotics and related hardware applications [3].