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果链巨头,出手!

Core Viewpoint - Goer Group plans to invest approximately HKD 10.4 billion (around RMB 9.5 billion) to acquire 100% equity of two precision manufacturing companies, Mega Precision Technology Limited and Channel Well Industrial Limited, from Luen Fung Commercial Holdings Limited [2][6]. Group 1: Acquisition Details - The acquisition does not constitute a related party transaction and is not expected to be a major asset restructuring [3]. - The target companies, Mega Precision and Channel Well, are leaders in the precision metal structural components sector, possessing core technological capabilities in metal/non-metal material processing and fine surface treatment [6]. - The combined projected revenue for the two target companies in 2024 is approximately HKD 9.11 billion (unaudited) [7]. Group 2: Strategic Implications - The acquisition is expected to enhance Goer Group's vertical integration capabilities and strengthen its competitive position in the precision structural components market [7]. - The company aims to leverage the complementary advantages and synergies between its existing precision components business and the acquired companies [7]. Group 3: Financial Performance - In Q1, Goer Group reported a revenue of RMB 16.305 billion, a year-on-year decrease of 15.57%, while net profit attributable to shareholders increased by 23.53% to RMB 469 million [10]. - The company's sales dependency on its largest customer decreased from 43.38% in 2023 to 31.96% in 2024, indicating a reduction in reliance on a single core customer [9][10].