MYSE(SH:601615) Xin Lang Cai Jing·2026-01-25 10:23Group 1 - The company plans to issue shares and pay cash to acquire 100% of the equity held by shareholders of Dehua Chip, a leading domestic space photovoltaic power company [1] - Dehua Chip, established in August 2015 and part of Mingyang Smart Energy Group, focuses on the R&D and industrialization of high-end compound semiconductor epitaxial wafers and chips, specializing in space solar cells and semiconductor optoelectronic devices [1] - The company has achieved AS9100D quality system certification and was selected as a national-level specialized and innovative "little giant" enterprise in 2023, receiving 15 million yuan in project support for key R&D plans in Guangdong Province in 2024 [1] Group 2 - Post-acquisition, the company will leverage three advanced technologies: gallium arsenide, perovskite, and HJT, enhancing its competitive edge in the photovoltaic sector [2] - The company has developed a series of core technologies and patents, achieving a third-party certified efficiency of 22.4% for 1200mm*600mm perovskite modules, with laboratory conversion efficiency for perovskite/HJT tandem cells exceeding 34% [2] - The acquisition will enable joint R&D in energy management systems, promoting application validation and commercialization across various scenarios, thereby enhancing the company's overall competitiveness in the photovoltaic field [2] Group 3 - The company has adjusted its profit forecast for 2025-2027, estimating net profits of 770 million, 2.1 billion, and 3.17 billion yuan respectively, down from previous estimates of 1.18 billion, 2.44 billion, and 3.36 billion yuan [3] - Due to a low base in 2024, the company expects significant growth rates of 123%, 172%, and 51% for the respective years, with corresponding P/E ratios of 63.4, 23.3, and 15.4x [3] - The company maintains a "buy" rating despite the adjustments in profit forecasts [3]