Seashine(SZ:300885) Zheng Quan Ri Bao Wang·2025-11-29 02:44Core Viewpoint - The company, Yangzhou Haichang New Materials Co., Ltd., has announced the acquisition of a 51% stake in Shenzhen Xinwei Communication Technology Co., Ltd. for 235 million yuan, which will enhance its capabilities in the GNSS antenna positioning sector and integrate Xinwei into its consolidated financial statements [1][2]. Group 1: Acquisition Details - The acquisition was approved unanimously during the company's board meeting on November 27 [1]. - Xinwei Communication, established in July 2019, specializes in the research, production, and sales of RF core components for GNSS antenna positioning, with applications in various fields such as drones and precision agriculture [2]. - The expected revenue for Xinwei Communication is projected to be 96.716 million yuan in 2024 and 105 million yuan in the first three quarters of 2025, with corresponding net profits of 27.026 million yuan and 34.648 million yuan [2]. Group 2: Strategic Implications - The acquisition is seen as a significant move towards integrating traditional high-end manufacturing with emerging communication components, promoting technological exchange and enhancing overall industry competitiveness [2]. - The transaction includes performance commitments, with the transferor guaranteeing net profits for Xinwei Communication of no less than 38 million yuan, 40 million yuan, and 42 million yuan for the years 2025 to 2027 [2]. - A staggered acquisition model is employed, allowing the company to mitigate initial risks associated with technology-driven enterprises by first acquiring a controlling stake and then considering further purchases based on performance [3].