1.9亿元！成都郫都企业被广东上市公司收购51%股权，三年对赌5600万净利润→

Core Viewpoint - Guangdong Yangshan United Precision Manufacturing Co., Ltd. plans to acquire 51% equity of Chengdu Mite Aviation Manufacturing Co., Ltd. for 193.8 million yuan, making Mite Aviation a subsidiary after the transaction [1][2]. Group 1: Acquisition Details - The valuation of Mite Aviation's total equity as of August 31 was 384 million yuan, showing an increase of 191 million yuan (98.61%) compared to the book value of 193 million yuan [2]. - The acquisition price for the 51% stake in Mite Aviation is set at 193.8 million yuan [2]. - Mite Aviation's legal representative and chairman, Qiu Tinggui, will retain 43.62% of the shares post-transaction, having cashed out approximately 104 million yuan from the sale of 25.62% of his shares [5]. Group 2: Company Profile - Mite Aviation, established in 2010, is a national high-tech enterprise and a "little giant" recognized for its specialization and innovation, focusing on the R&D, manufacturing, and testing of aviation and aerospace standard parts [4]. - The company has a registered capital of 14.9759 million yuan and is located in Chengdu, Sichuan Province [4]. - Mite Aviation's main products include various standard parts and structural components, with certifications from CNAS and Nadcap for its testing center and special processes [4]. Group 3: Financial Performance - In 2024, Mite Aviation reported revenues of 161 million yuan, with a total profit of 24.77 million yuan and a net profit of 22.68 million yuan [5]. - However, in the first eight months of 2025, Mite Aviation's revenue dropped to 83.72 million yuan, with a total profit of -852,700 yuan and a net profit of only 30,940 yuan, indicating significant operational fluctuations [5]. - The company’s cash flow from operating activities was negative at -1.99 million yuan during the same period [5]. Group 4: Performance Commitment - Qiu Tinggui and other shareholders have committed to achieving a minimum net profit of 5.6 million yuan over three years, with specific annual targets of 500,000 yuan for 2025, 1.8 million yuan for 2026, and 3.3 million yuan for 2027 [9]. - If the actual net profit falls short of the commitments, the shareholders are obligated to compensate the difference in cash [9]. Group 5: Strategic Rationale - The acquisition is expected to enhance the company's participation in the aerospace defense sector, leveraging Mite Aviation's capabilities in aviation component R&D and manufacturing, which align with the company's precision manufacturing strengths [13].