XTC(SH:600549) Zheng Quan Shi Bao Wang·2025-12-29 12:50Core Viewpoint - The company Xiamen Tungsten Co., Ltd. is advancing its global strategy in cutting tools by increasing capital in its subsidiary and acquiring a German company, aiming to enhance its product system and international brand influence [1][3]. Group 1: Transaction Details - Xiamen Jinlu Special Alloy Co., Ltd. plans to increase capital by €14.9011 million in its wholly-owned subsidiary, German Jinlu Hard Alloy Co., Ltd., to facilitate the acquisition of 100% equity in Mimatic GmbH for €10 million [1]. - Following the acquisition, German Jinlu will inject an additional €4.9011 million into Mimatic GmbH to ensure stable operations [1]. - The registered capital of German Jinlu will increase from €250,000 to €15.1511 million after the capital increase [1]. Group 2: Mimatic GmbH Overview - Mimatic GmbH, established in 1980, specializes in manufacturing and processing various tools and machines, and has three subsidiaries located in the United States and Shanghai, China [2]. - The company has reported losses in recent years, with revenues of €15.1881 million and €16.4819 million for 2023 and 2024, respectively, and net losses of €193,000 and €196,600 [2]. - As of October 31, 2025, Mimatic GmbH and its subsidiaries have a total loan balance of €2.9011 million owed to original shareholders and related parties [2]. Group 3: Strategic Implications - The successful implementation of this transaction is expected to accelerate the technological upgrade of the company's cutting tools and enhance its international branding [3]. - By integrating Mimatic's technology and local sales networks in Europe, the company aims to improve its product system and comprehensive service capabilities, establishing a localized overseas operational model [3]. - The acquisition is anticipated to deepen customer cooperation and align product development with customer needs, which is crucial for adapting to changes in the international trade environment [3].