Core Viewpoint - Hualing Cable plans to acquire control of Anhui Sanzhu Intelligent Technology for a maximum consideration of 270 million yuan, aiming to enhance its integrated solution capabilities and enter new business areas such as robotics and high-frequency transmission, thereby creating a second growth curve [1][4]. Group 1: Acquisition Details - The acquisition is expected to help Hualing Cable achieve vertical integration in its supply chain [4]. - Sanzhu Intelligent, established in 2017, specializes in the R&D, production, and sales of connectors and wiring harnesses, serving industries such as servo drive systems and robotics [4]. - Sanzhu Intelligent's unaudited financials show total assets of 185 million yuan and net assets of 94 million yuan as of December 31, 2024, with projected revenue of 209 million yuan and net profit of 25 million yuan for the same year [4]. Group 2: Performance Metrics - Hualing Cable's revenue grew from 1.213 billion yuan in 2018 to 2.543 billion yuan in 2021, with net profit increasing from approximately 53.9 million yuan to over 100 million yuan during the same period [5]. - However, the company has experienced a decline in net profit for two consecutive years since its IPO, with figures dropping from 135 million yuan in 2021 to 87 million yuan in 2023, reflecting a year-on-year decrease of over 20% [5]. - In 2024, Hualing Cable reported total revenue of 4.158 billion yuan, a year-on-year increase of 19.82%, and a net profit of 109 million yuan, up 26.07% compared to the previous year, although still below 2021 levels [5]. Group 3: Strategic Intent - The company aims to enhance its performance through acquisitions, as evidenced by its previous announcement to acquire Hunan Xingxin Aerospace New Materials [6][7].
收购三竹智能，这家线缆公司要搞机器人