南大光电拟7760万元增资控股子公司 深化电子特气业务布局

Core Viewpoint - Jiangsu Nanda Optoelectronics plans to acquire approximately 16.17% equity in its subsidiary, Ulanqab Nanda, for 77.6 million yuan, increasing its ownership from 74.88% to 91.05% [1][2] Group 1: Transaction Details - The acquisition involves purchasing 13.33% equity from Suzhou Nansheng No. 3 and 2.83% from Suzhou Nansheng No. 4, with total transaction pricing based on an audit report valuing Ulanqab Nanda's net assets at 477.115 million yuan as of November 30, 2025 [2] - The transaction was approved by the board on January 5, 2026, with related directors abstaining from voting, and does not require shareholder meeting approval [2] Group 2: Strategic Implications - This acquisition is part of the company's strategic layout for its electronic specialty gas business, particularly focusing on the production of high-purity nitrogen trifluoride, which is essential for semiconductor manufacturing [2][3] - The acquisition aims to optimize the equity structure of the subsidiary and strengthen the long-term alignment of the core team with the company, enhancing governance and operational stability [3] Group 3: Financial Performance - Ulanqab Nanda reported stable financial performance, achieving 466 million yuan in revenue and 87.007 million yuan in net profit for 2024, with 414 million yuan in revenue and 44.279 million yuan in net profit from January to November 2025 [3] - Post-transaction, the equity held by Nansheng No. 4 will be eliminated, and Nansheng No. 3 will undergo a capital reduction [3] Group 4: Market Positioning - The acquisition aligns with the company's expansion plans for 2025, focusing on high-end markets and ensuring resource allocation and strategic coordination for production capacity upgrades [4] - The current market for nitrogen trifluoride is characterized by low-end competition and insufficient high-end supply, positioning the company to capture more market share in the high-end semiconductor materials sector [4]