斥资1亿并购海外亏损标的，万顺新材内卷失利下豪赌出海

Group 1 - The core strategy of Wanshun New Materials is to seek growth through overseas acquisitions despite facing financial challenges and ongoing losses [1][2] - The company announced plans to acquire 100% of Eurofoil Luxembourg for €1,238.89 million, approximately ¥102.29 million, indicating a significant investment in a loss-making entity [2][3] - The acquisition is seen as a critical step in the company's globalization strategy, aiming to enhance its brand influence and market share in the aluminum foil and aluminum plate industry [3][8] Group 2 - Wanshun New Materials is currently experiencing financial difficulties, with a high level of short-term debt (¥2.786 billion) compared to cash holdings (¥1.932 billion), reflecting a "high debt and high liquidity" situation [4] - The company's financial expenses have surged, with a 49.93% increase in financial costs to ¥76.42 million in 2024, further straining profitability [4] - The company has faced delays in key projects, such as the 100,000-ton battery foil project, which has been postponed to September 2026, contributing to idle funds and low capital efficiency [5][6] Group 3 - The domestic aluminum processing industry is under severe competitive pressure, with overcapacity and price wars leading to reduced profit margins [7][8] - Despite a 22.52% year-on-year revenue increase to ¥6.579 billion in 2024, Wanshun New Materials reported a net loss of ¥192 million, marking a historical low [8][10] - The company is focusing on high-value-added aluminum foil products and has made recent investments to enhance its strategic positioning in the new energy materials sector [10][11]