Group 1 - The core issue is the market's reaction to Xunbang Intelligent's high-priced acquisition of the loss-making chip company Yindi Chip Micro, which has led to a significant drop in its stock price by nearly 14% following the announcement [1][2] - The acquisition is valued at 28.56 billion yuan, with a staggering 432% premium over the assessed value, resulting in a projected goodwill of 21 billion yuan [2][3] - The company has committed to a net profit growth of no less than 180% for the acquired company, raising concerns about the feasibility of such aggressive targets given the company's recent performance [1][4] Group 2 - Yindi Chip Micro has shown fluctuating performance, with revenues of 4.94 billion yuan in 2023 and a projected net loss of 634.42 million yuan, indicating financial instability [4][5] - The acquisition will significantly increase Xunbang Intelligent's goodwill, which is expected to account for 48.61% of total assets and 74.12% of net assets post-transaction [3][4] - Xunbang Intelligent's main business has been struggling, with previous investments in the new energy sector leading to bankruptcy and significant delays in IPO fundraising projects [5][7] Group 3 - The company has faced challenges with its subsidiaries, including the bankruptcy of Guangzhou Xinde and the dissolution of Zhuhai Jingsheng Technology, both of which reflect the company's operational difficulties [5][6] - Despite a slight revenue increase in 2024, the net profit has drastically decreased by 88.33%, highlighting ongoing financial distress [7][8] - The company has only utilized 30.17% of the funds raised from its IPO for intended projects, indicating inefficiencies in capital allocation [7]
信邦智能28.56亿豪赌车规芯片，4倍溢价遭市场用脚投票