Dingtong(SH:688668) Zheng Quan Shi Bao Wang·2025-11-25 12:33Core Viewpoint - The company, DingTong Technology, plans to acquire a 70% stake in Shenzhen Blue Ocean Vision Technology Co., Ltd. for 126 million yuan, enhancing its capabilities in machine vision technology and improving product quality control and market competitiveness [1][2]. Group 1: Acquisition Details - The acquisition price for the 70% stake in Blue Ocean Vision is set at 126 million yuan, with the sellers holding 45%, 45%, and 10% stakes respectively [1]. - The transaction will be financed through the company's own funds, with payments structured in four installments over several years [3]. Group 2: Company Profile and Performance - Blue Ocean Vision, established in July 2022, focuses on the research, production, and sales of machine vision equipment, with applications in AI, consumer electronics, and semiconductors [1]. - The company is projected to achieve revenues of 61.81 million yuan in 2024, representing a 441.83% increase from 2023, and 72.32 million yuan in the first eight months of 2025, with a net profit of 17.97 million yuan [1]. Group 3: Strategic Benefits - The acquisition will allow DingTong Technology to address its automation visual inspection technology gap, transitioning from manual inspection to machine vision, thereby enhancing quality control capabilities [2]. - The integration of supply chain resources and shared customer bases is expected to strengthen customer loyalty and drive economies of scale [2]. Group 4: Commitments and Future Plans - The sellers have committed to not transferring their remaining shares for 36 months and to remain employed at Blue Ocean Vision for at least six years, with penalties for any breach of competition restrictions [2]. - DingTong Technology plans to acquire the remaining 30% stake in Blue Ocean Vision based on a 10x PE valuation of the company's audited net profit from 2028, contingent on the sellers adhering to the agreement [2].