KEBODA(SH:603786) 汽车琰究·2025-09-07 14:51Group 1 - The company plans to acquire 60% of Kobotda Intelligent Technology for a cash consideration of 345 million yuan, increasing its stake to 80% [2][3] - Kobotda specializes in high-performance automotive intelligent central computing platforms and related domain controllers, with total assets of 779 million yuan and a net asset of 75 million yuan as of July 31, 2025 [3] - The acquisition is expected to enhance the company's technology, product offerings, and customer base, with a projected cumulative net profit of no less than 630 million yuan from Kobotda between August 2025 and 2030 [3] Group 2 - The company is a rare domestic automotive electronics supplier with strong software and hardware capabilities, focusing on electric control systems and ECU [4] - The shift towards centralized electronic architecture in vehicles is expected to accelerate the development of domain controller businesses, with the company already securing contracts for body and chassis domain controllers [4] - The company is also establishing its first overseas factory in Japan to gain international operational experience and accelerate global expansion [4] Group 3 - The company has successfully established a market presence with major domestic and international electric vehicle manufacturers, including Volkswagen, BYD, Tesla, and others [5] - Revenue projections for 2025-2027 are 7.87 billion yuan, 9.86 billion yuan, and 12.20 billion yuan, with net profits of 1.05 billion yuan, 1.34 billion yuan, and 1.71 billion yuan respectively [5][6] - The company maintains a "recommended" rating, with expected PE ratios decreasing from 29 in 2024 to 13 in 2027 [6]