12天8涨停，603778宣布收购，上交所闪电问询

Core Viewpoint - Guosheng Technology (603778) has seen its stock price hit the daily limit up for the eighth time in nearly 12 trading days, closing at 8.9 CNY per share on November 25, indicating strong market interest and momentum in the company's stock performance [1]. Group 1: Stock Performance - The stock price of Guosheng Technology recorded a 10.01% increase, reaching a closing price of 8.9 CNY [2]. - The trading volume was 807,500 shares, with a total transaction amount of 704 million CNY [2]. - The stock has experienced a total of eight limit-up days within a short trading period, reflecting significant investor confidence [1]. Group 2: Acquisition Announcement - On the evening of November 25, Guosheng Technology announced plans to acquire 100% equity of Fuyue Technology for 241 million CNY, aiming to expand its business and seek new profit growth points [1][8]. - Fuyue Technology specializes in high-precision new lithium battery shell materials, primarily serving new energy battery manufacturers [6]. - The acquisition is expected to positively impact the company's operational development and aligns with national industrial policies and the company's strategic direction [8]. Group 3: Financial Performance of Fuyue Technology - Fuyue Technology reported revenues of 5.09 million CNY in 2024 and 74.83 million CNY from January to August 2025, with a net profit of 1.01 million CNY during the latter period [6]. - The total assets of Fuyue Technology as of August 31, 2025, were 65.26 million CNY, with a net asset value of 18.99 million CNY [6]. Group 4: Valuation and Performance Guarantees - The valuation of Fuyue Technology was assessed using both market and income approaches, with the income approach yielding a higher valuation of 241 million CNY, reflecting a significant premium of 1,067 million CNY and a value increase rate of 1,167.27% [7]. - The acquisition includes performance guarantees, with Fuyue Technology committing to achieve specific net profit targets for 2026, 2027, and 2028, or face compensation obligations from the sellers [8]. Group 5: Regulatory Inquiry - Following the acquisition announcement, Guosheng Technology received an inquiry letter from the Shanghai Stock Exchange, requesting clarification on the market potential, competitive landscape, and rationale behind the valuation and performance guarantees [9][10].