DSBJ(SZ:002384) Hua Xia Shi Bao·2025-11-05 11:56Core Viewpoint - The acquisition of French GMD Group by Dongshan Precision is a strategic move to enhance its presence in the European automotive parts market, despite concerns raised by the recent incident involving Anshi Semiconductor [2][5]. Group 1: Acquisition Details - Dongshan Precision's wholly-owned subsidiary DSBJ PTE.LTD has successfully acquired 100% of GMD Group for approximately €100 million, completing the debt restructuring [2][3]. - The acquisition process began in May 2023, with all preconditions met and relevant documents signed, allowing GMD Group to be included in Dongshan's consolidated financial statements starting November 1, 2025 [2][3]. - GMD Group, established in 1986, is a leading player in the European automotive parts industry, generating annual revenues of €1 billion and employing over 6,600 staff across 46 factories in 12 countries [3][4]. Group 2: Financial Performance - GMD Group reported audited revenues of €983 million and a net loss of €6 million for 2023, with projected revenues of €1.012 billion and a net profit of €3 million for 2024 [4]. Group 3: Strategic Implications - The acquisition aims to implement a dual-driven strategy to increase market share in the automotive parts sector and establish a European industrial footprint, thereby accelerating Dongshan's globalization efforts [4][6]. - The company anticipates leveraging GMD Group's business and influence to expand its global automotive client base, positively impacting its financial health and operational quality [4][8]. Group 4: Risk Management - Dongshan Precision has expressed confidence in avoiding risks similar to those faced by Anshi Semiconductor, citing significant differences between the automotive parts and semiconductor industries [5][6]. - The company has acknowledged potential risks related to cross-border integration and market performance, including differences in management systems and economic fluctuations [6][7].