盛帮股份拟现金买无锡沃可股权 标的业绩滞涨净资产降

Core Viewpoint - Shengbang Co., Ltd. plans to acquire a 60% stake in Wuxi Woco Engine Noise Reduction Components Co., Ltd. for a cash consideration, marking a significant step in its strategic expansion in the automotive sector [1][4]. Group 1: Acquisition Details - The acquisition framework agreement was signed on November 18, 2025, and the overall valuation of Wuxi Woco is set at RMB 430 million [2]. - The final transaction price will be determined after a comprehensive due diligence process [2]. - Wuxi Woco's main business includes R&D and production in both traditional internal combustion engine vehicles and new energy vehicles, covering various automotive components [2]. Group 2: Financial Performance - Wuxi Woco's projected revenues for 2023 and 2024 are RMB 539 million and RMB 533 million, respectively, with net profits of RMB 37 million and RMB 38 million, resulting in net profit margins of 6.86% and 7.13% [2]. - As of the end of 2023 and 2024, Wuxi Woco's total assets are RMB 450 million and RMB 413 million, with net assets of RMB 184 million and RMB 136 million [3]. Group 3: Strategic Implications - Post-acquisition, Wuxi Woco will become a subsidiary of Shengbang, enhancing the company's operational performance and profitability [4]. - The acquisition is expected to create significant synergies between Shengbang's and Wuxi Woco's product lines, particularly in the automotive sector [5]. - The partnership will leverage both companies' customer bases, with Wuxi Woco having a strong presence among European OEMs and Shengbang being well-established in the domestic market [5].