Core Viewpoint - The company Oupankangshi is making a significant acquisition of 75% equity in Shangyue Qicheng for 334 million yuan, despite the target's low projected net profit of 30.58 million yuan for 2024, indicating a high valuation of 445 million yuan. This acquisition is seen as a desperate move to counteract the company's declining growth momentum and market value [1][2]. Group 1: Acquisition Details - Oupankangshi plans to invest 334 million yuan to acquire 75% of Shangyue Qicheng, with 233.73 million yuan sourced from previously raised funds and 100.17 million yuan from its own capital [1][2]. - The acquisition will result in Oupankangshi and its subsidiary holding 80% of Shangyue Qicheng, which will then be consolidated into Oupankangshi's financial statements [1][2]. - The valuation of Shangyue Qicheng reflects a significant premium, with a pre-acquisition valuation of 445.44 million yuan, representing a 753.86% increase over its book value [2]. Group 2: Financial Performance and Projections - Oupankangshi's revenue growth is projected to slow to 4.4% in 2024, with net profit expected to decline by 14.16%, marking the lowest levels in the company's history [7]. - The financial performance of Shangyue Qicheng shows projected revenues of 115 million yuan and net profits of 30.58 million yuan for 2024, with a commitment to achieve increasing net profits in subsequent years [4][7]. - The acquisition includes stringent performance targets for Shangyue Qicheng, with net profit commitments ranging from 39 million yuan to 59.2 million yuan from 2025 to 2029 [4][6]. Group 3: Strategic Context - The acquisition is part of Oupankangshi's strategy to enhance its presence in the optical sector, particularly in community-based optical services, which aligns with its dual-driven development strategy [11][14]. - The company has faced significant market challenges, including a decline in sales of its high-margin products, leading to a substantial drop in market capitalization from nearly 100 billion yuan to 13.9 billion yuan over four years [9][10]. - The funding for the acquisition largely comes from reallocating previously raised funds intended for other projects, indicating a shift in strategic priorities [10][11].

Financial News - Dongguan Rural Commercial Bank ranked last among 72 bond underwriters and received a D rating, which may lead to the cancellation of its business qualifications if it continues to be rated D for two consecutive years [2][3] - The bank faced administrative penalties totaling 800,000 yuan due to inadequate bond underwriting management and inappropriate sales of insurance products to elderly clients [2] Listed Company Dynamics - Jincheng Holdings' controlling shareholder is set to auction 35 million shares, representing 16.59% of its holdings and 3.91% of the company's total shares, due to debt issues [4][5] - The auction is scheduled for July 7-8, 2025, following a previous successful auction of 32.3 million shares [5] - Jiahe Intelligent plans to acquire the German audio brand Beyerdynamic for approximately 1.22 billion euros (about 996 million yuan), aiming to enhance its market competitiveness in the high-end audio sector [6][7] - Lvtong Technology intends to acquire at least 51% of Jiangsu Damo Semiconductor, aiming to diversify from its current electric vehicle business amid declining performance since its IPO [8][9] - Yuehongyuan A announced the termination of its plan to acquire 60% of Bochuang Intelligent due to disagreements over transaction pricing [10] - Zhongsheng Pharmaceutical plans to redirect approximately 103 million yuan of its fundraising to new drug development projects, terminating previous projects related to anti-tumor drug research and digital platform upgrades [11][12] - Shenglan Co., Ltd. received approval from the Shenzhen Stock Exchange for its plan to issue convertible bonds not exceeding 450 million yuan for various production and research projects [13]