业绩对赌失败
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华神科技花8420万并购反成包袱 一年半亏逾5169万两标的对赌爽约
Chang Jiang Shang Bao· 2025-08-03 23:31
Core Viewpoint - Huasun Technology's acquisition strategy has turned into a burden, leading to a continuous decline in profitability, with significant losses expected in the near future [1][8]. Group 1: Acquisition and Performance Issues - Huasun Technology plans to transfer 51% of its subsidiary, Tibet Kangyu, for a base price of 63.78 million yuan, after acquiring it for 51 million yuan just two years prior [2][3]. - The acquisition of Tibet Kangyu and Yuanhong Mineral Water, totaling 84.2 million yuan, has not met performance commitments, resulting in significant financial losses [6]. - Tibet Kangyu's actual net profit for 2023 was 15.67 million yuan, exceeding the commitment for that period, but it fell short in 2024 with only 16.78 million yuan against a commitment of 20 million yuan [4]. Group 2: Financial Performance - Huasun Technology's net profit has declined for three and a half consecutive years, with projections indicating a loss of 51.69 million to 61.69 million yuan in the upcoming period [1][8]. - The company's revenue figures from 2021 to 2024 show fluctuations, with a peak revenue of 955 million yuan in 2021, followed by declines in subsequent years [7]. - The expected net loss for the first half of 2025 is projected to be between 45 million and 55 million yuan, a significant drop from a profit of 911,000 yuan in the same period last year [8].