Core Viewpoint - Guangyunda plans to acquire 56.03% of Yilian Infinite's shares after the latter's failed IPO, resulting in a significant drop in both performance and valuation compared to its initial asking price for the IPO [2][4]. Group 1: Acquisition Details - Guangyunda announced the cash acquisition of 56.03% of Yilian Infinite, which includes purchasing 51.15% from the actual controller Chen Zheng and 4.88% from Shenzhen Boyuan Zhiliang Management Consulting Partnership [5]. - The overall valuation of Yilian Infinite is set at 628 million yuan, with the 56.03% stake valued at approximately 351.87 million yuan [5]. - The acquisition is not classified as a related party transaction and does not constitute a major asset restructuring under relevant regulations [5]. Group 2: Yilian Infinite's Financial Performance - Yilian Infinite experienced a dramatic decline in performance in 2024, with a net profit of only 28.75 million yuan, which is less than 34% of its 2022 figures and 63.74% of its 2023 first-half results [7]. - Prior to the IPO attempt, Yilian Infinite reported significant revenue growth from 375 million yuan in 2020 to 789 million yuan in the first half of 2023, with net profits increasing from 22.23 million yuan to 84.17 million yuan during the same period [6][7]. - The company's total assets decreased from 439.46 million yuan in 2022 to 335.50 million yuan in the first half of 2023, indicating a substantial decline in financial health [7]. Group 3: Background on Yilian Infinite - Yilian Infinite specializes in the research, production, and sales of broadband access and wireless network equipment, focusing on markets in Brazil, India, and Malaysia [10]. - The company initially aimed to raise 368 million yuan through its IPO, which would have valued it at a minimum of 1.47 billion yuan, but the current acquisition valuation reflects a significant reduction [8][10]. - The second-largest shareholder, Wang Zhoufeng, is under investigation for economic crimes, which has contributed to the reduction in the acquisition stake from 100% to 56% [3][12].
IPO失败后业绩骤降,这家公司寻求被A股公司并购
中国基金报·2025-07-08 16:01