美力科技加强国际布局境外营收占17% 并购德国公司抢占市场总资产将增96%

Core Viewpoint - Meili Technology is accelerating its international expansion through an acquisition of Hitched Holdings 3 B.V., aiming to strengthen its position in the global trailer towing system market and enhance its long-term growth prospects [2][4]. Group 1: Acquisition Details - The acquisition will be executed through Meili Holding GmbH, a wholly-owned subsidiary in Germany, for 100% equity of HH3, with a total consideration of approximately €63.69 million plus additional costs [4]. - The transaction constitutes a major asset restructuring as the target company's financial metrics exceed 50% of Meili Technology's recent fiscal year indicators [4]. - The acquisition is expected to significantly enhance Meili Technology's asset scale and profitability, with projected revenue and net profit increases of 209.67% and 75.08%, respectively, post-transaction [3][10]. Group 2: Market Position and Strategy - Meili Technology has established a market presence in the spring sector and aims to leverage the acquisition to capture growth in both mature and emerging markets [2][5]. - The target company, ACPS Group, has a strong competitive position in the trailer towing system market, with over 100 core patents and a significant customer base including major automotive brands [5][6]. - The acquisition is expected to complement Meili Technology's domestic market advantages, facilitating a diversified global business strategy [6]. Group 3: Financial Performance and Projections - In the first half of 2025, Meili Technology achieved overseas revenue of ¥152 million, accounting for 16.92% of total revenue, with a year-on-year growth of 25.55% [8]. - The target company's revenue for 2023 to the first ten months of 2025 shows fluctuations, with a notable recovery in profitability expected in 2025 [8][9]. - Post-acquisition, Meili Technology's asset-liability ratio is projected to rise from 45.92% to 72.29%, indicating increased financial leverage [11].