民爆光电(301362)点评:公司拟购买资产布局PCB钻针行业 打造照明以外的第二增长曲线

Group 1 - The company is planning to issue shares and pay cash to acquire 100% of the stakes in Xiamen Xizhi Precision Technology Co., Ltd. and Jiangxi Maida Intelligent Technology Co., Ltd. [1] - The trading suspension of the company's stock will begin on January 19, 2026, and the transaction plan is expected to be disclosed by February 2, 2026 [1] Group 2 - The target companies focus on the research, production, and sales of micro drill bits, which are essential consumables in PCB manufacturing [2] - PCB drill bits are crucial for creating precise holes in circuit boards, enabling stable connections for electronic components [2] Group 3 - The global PCB market is projected to grow by approximately 5.8% in 2024 and 6.8% in 2025, with an estimated market value of about $94.66 billion by 2029, reflecting a compound annual growth rate of around 5.2% [3] - The company maintains its profit forecast for 2025-2027, expecting net profits of 212 million, 238 million, and 257 million yuan, with corresponding price-to-earnings ratios of 22, 20, and 18 times [3]