开润股份拟全资控股上海嘉乐 加速业务整合及产业协同

Core Viewpoint - Kairun Co., Ltd. is acquiring the remaining 28.15% stake in Shanghai Jiale Co., Ltd. for 394 million yuan, aiming to enhance operational efficiency and resource optimization, establishing a solid foundation for its "fabric + garment" growth strategy [1] Group 1: Acquisition Details - Kairun's wholly-owned subsidiary, Chuzhou Mirun Technology Co., Ltd., will hold 100% of Shanghai Jiale after the acquisition [1] - The transaction price for the 28.15% stake is 394 million yuan [1] Group 2: Business Integration and Performance - Since gaining control of Shanghai Jiale, Kairun has focused on business integration and synergy, leading to improved operational efficiency and performance [2] - In 2024, Shanghai Jiale achieved revenue of 1.489 billion yuan, a year-on-year increase of 15.81%, and net profit of 48.92 million yuan, marking a turnaround [2] - From January to September 2025, Shanghai Jiale reported revenue of 1.1 billion yuan and net profit of 64.61 million yuan, with a net profit margin of 5.88% [2] Group 3: R&D and Product Innovation - Kairun is enhancing Shanghai Jiale's management and technology capabilities, accelerating digital upgrades and refined management [2] - Shanghai Jiale's R&D efforts have led to several awards in 2024, including recognition for innovative and sustainable fabric products [2] Group 4: Financial Performance - In the first three quarters of the year, Kairun reported revenue of 3.719 billion yuan, a year-on-year growth of 22.94%, and a net profit of 256 million yuan, up 13.81% [3] - The operating cash flow reached 430 million yuan, a significant increase of 258.66% [3] - The gross margin for the third quarter was 23.8%, an increase of 1.84 percentage points year-on-year [3]