金富科技拟跨界收购蓝原科技，业绩承压豪赌“第二曲线”破局

Core Viewpoint - Company Jinfu Technology is planning to acquire at least 51% of Guangdong Lanyuan Technology Co., Ltd. to seek new growth opportunities amid declining performance in its core food and beverage packaging business [2][3][4] Financial Performance - For the first three quarters of 2025, Jinfu Technology reported revenue of 662 million yuan, a year-on-year decrease of 9.12%, and a net profit of approximately 93.44 million yuan, down 19.45% year-on-year [2] - In Q3, the company achieved revenue of 257 million yuan, a decline of 2.69% year-on-year, and a net profit of 43.83 million yuan, down 16.88% year-on-year [7] Strategic Acquisition - The acquisition of Lanyuan Technology, which specializes in cable manufacturing and new materials, represents Jinfu Technology's attempt to diversify its business and create a "second curve" for growth [2][4][9] - The acquisition is seen as a strategic move to enhance the company's profitability, risk resistance, and overall competitiveness [4][6] Industry Context - Jinfu Technology operates in a competitive food and beverage packaging industry, facing growth limitations as the beverage sector matures [6] - The company aims to expand its product offerings in the packaging sector while also exploring mergers and acquisitions to achieve external growth [4][6] Operational Challenges - The company is experiencing transitional pains due to large-scale capacity expansions, which have impacted profitability [7][8] - Environmental regulations, fluctuating raw material prices, and intensified competition are additional challenges facing the packaging industry [6][9]