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Core Viewpoint - Yangjie Technology announced a cash acquisition of 100% equity in Dongguan Better Electronics Technology Co., Ltd. for RMB 2.218 billion, with the transaction subject to shareholder approval and involving performance commitments [2][4][5]. Group 1: Transaction Details - The acquisition will make Better Electronics a wholly-owned subsidiary of Yangjie Technology, and it is classified as a related party transaction but not a major asset restructuring [4]. - The performance commitment requires Better Electronics to achieve a net profit of no less than RMB 555 million from 2025 to 2027, excluding non-recurring gains and losses [5]. - If the net profit exceeds the commitment, 30% of the excess will be used to reward the management team of Better Electronics [6]. Group 2: Valuation and Financial Performance - The valuation of Better Electronics shows a significant increase, with an assessed value of RMB 2.22 billion compared to a book value of RMB 599 million, resulting in an increase of RMB 1.621 billion and a growth rate of 270.46% [8]. - In 2024 and Q1 2025, Better Electronics reported revenues of RMB 837 million and RMB 218 million, with net profits of RMB 148 million and RMB 41.13 million, respectively [9]. Group 3: Strategic Rationale - Better Electronics specializes in power electronic protection components and has over 20 years of industry experience, holding various honors such as "Little Giant" enterprises and provincial manufacturing champions [10]. - The acquisition is expected to enhance Yangjie Technology's product and technology portfolio, strengthen its market position in the power electronics sector, and create synergies in product categories, technology development, and customer relationships [10][11]. - The collaboration is anticipated to improve the overall competitiveness of Yangjie Technology's main business by leveraging shared R&D outcomes and expanding its product matrix [11].