YUTO TECH.(SZ:002831) Chang Jiang Shang Bao·2026-02-12 00:05Core Viewpoint - Yutong Technology (002831.SZ) plans to acquire 51% of Dongguan Huayan New Material Technology Co., Ltd. for 449 million yuan, aiming to expand its industrial layout and create new growth points in precision components and modules [1][2][5]. Group 1: Acquisition Details - The acquisition will be funded through the company's own or self-raised funds, with Huayan Technology being valued at 880 million yuan, representing a 300.53% increase over its net asset value [1][3]. - Huayan Technology reported revenues of 620 million yuan and 456 million yuan for the first eight months of 2024 and 2025, respectively, with net profits of 71.27 million yuan and 40.22 million yuan [1][3]. - The transaction is classified as a related party transaction since the actual controllers of Yutong Technology, Wang Huajun and Wu Lanlan, hold 100% of the shares in the counterparty, Guandian Investment [2][3]. Group 2: Business Expansion and Strategic Goals - Huayan Technology specializes in integrated design, R&D, manufacturing, and assembly of precision components, serving major clients like Google, Samsung, and Amazon [5]. - The acquisition is expected to enhance Huayan Technology's core competitiveness by leveraging Yutong Technology's strong customer platform and financial support, while Yutong will diversify its product offerings and improve customer service capabilities [5]. - Yutong Technology has been actively expanding into new business areas, achieving a revenue of 12.601 billion yuan in 2025, a 2.8% year-on-year increase, and has seen significant growth in its injection molding products [6].