Core Viewpoint - Tianyouwei plans to acquire 100% of Krämer Automotive Systems GmbH for €1 million, aiming to enhance its presence in the European high-end passenger car market despite Krämer's financial difficulties [1][4]. Group 1: Acquisition Details - The acquisition is intended to leverage Krämer's customer resources and channels to support Tianyouwei's international expansion strategy [4][7]. - Krämer, established in 1974, has previously worked with high-end automotive brands such as Porsche and Mercedes-Benz but has recently faced financial challenges, including filing for bankruptcy due to a lack of significant orders [4][5]. Group 2: Financial Assessment - Krämer's total assets are projected to be ¥12.04 million with a net asset value of -¥4.69 million by December 31, 2024, and -¥6.53 million by June 30, 2025 [5]. - The valuation assessment indicates a shareholder equity value of ¥8.57 million, representing a 231.16% increase compared to its negative net asset value [6]. Group 3: Business Strategy and Performance - Tianyouwei's overseas sales gross margin exceeds 40%, while domestic sales gross margin is just over 20% [8]. - The company aims to strengthen its global market share and is expanding its international operations, including establishing subsidiaries and production bases in Mexico and South Korea [8]. - Tianyouwei's main clients include major automotive groups like Hyundai and BYD, with a significant portion of revenue coming from these partnerships [7].
603202，大动作！拟用100万欧元，收购德国老牌汽车电子商！被收购公司曾服务奔驰、保时捷等高端车企，如今资不抵债