VITI(SH:603023) Zhong Guo Ji Jin Bao·2025-12-08 14:24Core Viewpoint - Weidi Co., Ltd. plans a significant asset restructuring by acquiring control of Jiangsu Jiuxing Precision Technology Co., Ltd. through cash payment, which is expected to constitute a major asset restructuring [2][5]. Group 1: Transaction Details - On December 8, Weidi Co., Ltd. signed a letter of intent with Hu Tao and Wan Hongjuan to acquire 51% of the shares of Jiangsu Zhiyue Tiancheng Enterprise Management Co., Ltd. for cash [5]. - Jiangsu Zhiyue Tiancheng is the controlling shareholder of Jiuxing Precision, holding 46.1165% of its shares [8]. - The shareholders of Jiuxing Precision also include Tai Zhou Jiuxing Yuanchuang Management Consulting Partnership and others, with Hu Tao directly holding 9.2233% [10]. Group 2: Business Implications - The acquisition aims to enhance Weidi's business scale and profitability, aligning with the company's long-term strategic needs [13]. - Jiuxing Precision specializes in the R&D, production, and sales of precision metal components, primarily serving the mid-to-high-end home appliance sector [14]. - Weidi Co., Ltd. is a supplier of automotive electronic control products, with a reported revenue of 110.32 million yuan for the first three quarters of 2025, reflecting a year-on-year increase of 138.73% [14]. However, the net profit attributable to shareholders decreased by 80.11% to 705,830.94 yuan [15][17].