Core Viewpoint - Mingpu Guangci plans to acquire 60% equity of Shenzhen ABB Electric Transportation for approximately 118 million yuan, aiming to enhance its position in the electric vehicle charging market [1][5]. Company Overview - Shenzhen ABB Electric Transportation is a wholly-owned subsidiary of ABB Group, focusing on the research, production, and sales of electric vehicle charging solutions, serving clients globally [2][3]. - The company has a significant presence in the electric vehicle charging market, providing comprehensive solutions including hardware, software, and services [2][3]. Financial Performance - As of the end of 2024, Shenzhen ABB Electric Transportation reported total assets of 670 million yuan, total liabilities of 418 million yuan, and a net asset value of 252 million yuan [3]. - The company experienced a net loss of approximately 83.28 million yuan in 2024, but showed signs of recovery with a net profit of approximately 1.71 million yuan in the first quarter of 2025 [3]. Strategic Importance - The acquisition is seen as a critical move for Mingpu Guangci to reverse its ongoing losses, with expectations of leveraging Shenzhen ABB Electric Transportation's established market presence and technological capabilities [5][6]. - The electric vehicle charging market is projected to continue expanding due to policy incentives, technological advancements, and increasing demand [5]. Future Prospects - There is a potential for Mingpu Guangci to acquire the remaining 40% equity of Shenzhen ABB Electric Transportation after a lock-up period, which could lead to full ownership and further integration of operations [6]. - The collaboration is expected to enhance operational efficiency and strengthen market presence in overseas markets, particularly in Europe and Southeast Asia [6].

Group 1 - The company Mingpu Optoelectronics plans to acquire 60% equity of Shenzhen ABB Electric Transportation Technology Co., Ltd. for approximately 118 million yuan [1] - Following the acquisition, the company will consolidate the target company into its financial statements [1] - The charging pile market is expected to maintain rapid expansion driven by policy dividends, technological iterations, and downstream demand [1] Group 2 - The target company, as a subsidiary of international giant ABB, possesses strong performance foundations, brand strength, a rich product portfolio, a complete AC and DC technology stack, and a high-quality overseas customer base [1] - The buyer's status as a major shareholder in a future Sino-foreign joint venture, combined with its strong local industry foundation and management system, is expected to enhance the operational efficiency of the target company [1] - The acquisition is anticipated to strengthen core competitive advantages in channel operations, customer expansion, and supply chain integration, leading to promising future performance growth [1]