Core Viewpoint - The leading company in the maternal and infant industry, Kidswant, is facing challenges due to changes in birth rates and competition between e-commerce and physical stores, prompting frequent acquisitions in recent years [1] Group 1: Acquisition Details - Kidswant plans to acquire a 65% stake in Jiangsu Xingsiyu Investment Management Co., Ltd. from its related party, Wuxing Holdings Group Co., Ltd., and will also acquire 100% of Zhuhai Siyu Industrial Development Co., Ltd. for a total price of 1.65 billion yuan [1][2] - The acquisition will occur in two steps: first, the transfer of shares from Wuxing Holdings, followed by the cash acquisition of Siyu Industrial [4][6] - After the completion of the share transfer, Jiangsu Xingsiyu will become a subsidiary of Kidswant, and the company will indirectly hold a 65% stake in Siyu Industrial [6] Group 2: Financial Performance of Siyu Industrial - Siyu Industrial, established in July 2014, focuses on hair health care and operates 2,503 stores, with over 2 million members [7] - The company reported revenues of 623 million yuan in 2022, 689 million yuan in 2023, and 723 million yuan in early 2024, with net profits of 158 million yuan, 186 million yuan, and 18.3 million yuan respectively [7][12] - The valuation of Siyu Industrial was assessed at 1.75 billion yuan, reflecting a significant increase of 583.35% compared to its book value [9][10] Group 3: Strategic Implications - The acquisition is part of Kidswant's broader strategy to expand its business model beyond maternal and infant retail into family services, aligning with its "three expansions" strategy [14] - The company has previously made several acquisitions, including the remaining 35% stake in Leyou International and a 60% stake in Xingyan Biotechnology, to strengthen its market position [14][15] - The acquisition of Siyu Industrial is expected to enhance synergy in member operations, market layout, and channel sharing, reinforcing Kidswant's leading position in local living and new family services [7][10]
这家巨头“爱上”美容美发？