Ceepower (SZ:300062) Ge Long Hui A P P·2025-12-05 11:38Core Viewpoint - The company is planning to acquire 65% equity and associated debts of three subsidiaries in the high-voltage electrical equipment sector, which will enhance its product offerings and market position in the power industry [1][2]. Group 1: Acquisition Details - The company intends to purchase 65% equity of Shandong Dachai Electric Co., Ltd., Shandong Dachai High Voltage Switch Co., Ltd., and Shandong Waterfa Chixiang Electric Co., Ltd., along with associated debts totaling approximately 9.63 million yuan, 11.40 million yuan, and 8.17 million yuan respectively [1]. - The acquisition will be conducted through a public bidding process, introducing uncertainty regarding the success of the bid due to market competition and external factors [1]. Group 2: Financial Performance of Target Companies - Shandong Dachai Electric Co., Ltd. reported a net loss of 30.83 million yuan for the period from January to October 2025, while Shandong Dachai High Voltage Switch Co., Ltd. reported a net loss of 14.14 million yuan for the same period [2]. - The target companies primarily engage in the research, production, and sales of high-voltage transformers and switches, serving major clients including the State Grid [2]. Group 3: Strategic Rationale - The acquisition aligns with the company's strategic goal of expanding its product range in the high-voltage sector, thereby filling existing gaps and enhancing market share and competitive strength [2]. - The company aims to leverage synergies from the acquisition to improve overall business scale and performance, although uncertainties remain regarding the actual integration and market conditions post-acquisition [2].