Core Viewpoint - Slin股份 plans to acquire a 24.3427% stake in Ningbo Yinqiu Technology Co., Ltd. for 392 million yuan, positioning itself as the second-largest shareholder of the company, which has been unsuccessful in its IPO attempts [1][6][7]. Group 1: Acquisition Details - The acquisition involves purchasing 2,307,680 shares from shareholders Hu Yongpeng and Li Dinghua, with the total valuation of Yinqiu Technology estimated at 1.61 billion yuan, reflecting a 61.55% increase from its net asset value of 997 million yuan as of June 2025 [6][12]. - This transaction is expected to enhance Slin's precision bearing business and foster collaboration in key sectors such as automotive components and humanoid robotics [12]. Group 2: Financial Performance - Yinqiu Technology reported a net profit of 66.46 million yuan for the first half of 2025, indicating its profitability [3][14]. - Slin股份 has shown consistent growth in net profit, achieving 140 million yuan in the first three quarters of 2025, although the growth rate has slowed compared to previous years [4][14]. - From 2020 to 2024, Slin's net profit grew from 42 million yuan to 190 million yuan, with annual growth rates consistently in double or triple digits [14]. Group 3: Market Position and Strategy - Slin股份 specializes in the research, manufacturing, and sales of automotive bearings, aiming to establish itself as a leading brand in the global market [13]. - The company has developed a unique competitive advantage in the industry by optimizing product structure and focusing on high-performance integrated bearing units [13].
斯菱股份拟3.92亿收购拓展主业 标的半年赚0.66亿或助增长提速