Investment Rating - The report maintains a "Buy" rating for Dingzhi Technology [1] Core Views - Dingzhi Technology plans to acquire 51% of the precision gear company Sailun Tech for approximately 100 million yuan, enhancing its "precision transmission + intelligent drive" capabilities [7] - The acquisition is expected to improve the company's product structure and increase its core technology competitiveness and profitability [7] - The integration of Dingzhi's motor products with Sailun's gear products is anticipated to create a comprehensive solution for various applications, including robotics and medical devices [7] - The financial forecasts for Dingzhi Technology have been adjusted upwards, with projected net profits for 2025-2027 being 460 million, 590 million, and 720 million yuan respectively [7] Financial Summary - Total revenue for 2023 is projected at 282.47 million yuan, with a year-on-year decrease of 11.31% [1] - The net profit attributable to the parent company for 2023 is estimated at 80.91 million yuan, reflecting a year-on-year decline of 19.80% [1] - The earnings per share (EPS) for 2023 is expected to be 0.43 yuan, with a P/E ratio of 99.35 [1] - The company’s total assets are projected to reach 738 million yuan by 2024, with a debt-to-asset ratio of 8.33% [6][8]
鼎智科技（873593）：现金收购精密齿轮标的赛仑特51%股权，完善“精密传动+智能驱动”全栈能力