Core Viewpoint - The company aims to acquire Hangzhou Xiaodian Technology Co., Ltd. to facilitate its strategic transformation from traditional retail to a commercial technology company, leveraging Xiaodian's extensive offline traffic network and digital capabilities [34]. Group 1: Transaction Overview - Wuhan Jiangtun Smart Technology Co., Ltd., a wholly-owned subsidiary of the company, signed a letter of intent for the acquisition of Hangzhou Xiaodian Technology Co., Ltd. on November 28, 2025 [3]. - The intended share acquisition will range from 70% to 100%, with the final percentage to be determined through negotiation after due diligence [3][16]. - The transaction does not constitute a major asset restructuring or a related party transaction as per regulations [4]. Group 2: Target Company Information - Hangzhou Xiaodian Technology Co., Ltd. is a non-listed joint-stock company established on December 6, 2016, with a registered capital of approximately 57.44 million RMB [10]. - The company specializes in various services including shared charging, smart travel, and digital technology solutions, forming a nationwide high-frequency offline traffic perception network [11]. - The target company is not listed as a dishonest executor as of the announcement date [13]. Group 3: Financial and Performance Commitments - The transaction will involve performance commitments for the fiscal years 2026, 2027, and 2028, with specific net profit targets to be agreed upon in the formal transaction documents [19]. - If the actual net profit falls short of the committed amount, the performance guarantors will compensate the acquirer in cash [20]. - A performance guarantee fund equivalent to 20% of the total transaction price will be established to secure the performance commitments [23]. Group 4: Strategic Objectives and Impact - The acquisition aims to integrate Xiaodian's capabilities to enhance the company's competitive edge in the local market and establish a comprehensive smart business infrastructure [34]. - Successful completion of the acquisition will allow the company to consolidate its operations and strengthen its long-term core competitiveness [34].

根据武商集团提供的财务数据，2025年上半年小电科技实现营业收入1.85亿元，归母净利润5842.73万 元，截至2025年6月30日归属于母公司股东权益为2.19亿元。 值得注意的是，小电科技曾经在2021年冲击港股上市失败。彼时的招股书数据显示，截至2020年12月 底，小电科技已投放600万个充电宝，覆盖了全国超过1700座县市及超过2.37亿的注册用户。2020年， 小电科技虽然未实现盈利，但是营收规模高达19.11亿元，2018年-2020年期间营收复合年增长率为 112.5%。 武商集团（000501）11月28日公告，拟收购杭州小电科技股份有限公司（简称"小电科技"）70%-100% 股权，交易不构成重大资产重组。小电科技是一家以共享充电宝为主业的企业，武商集团预期交易将实 现公司从传统零售向商业科技公司转型的目标。 公告显示，武商集团方面当日与出让方代表唐永波签署了《意向协议书》，约定待小电科技完成法律、 财务等方面规范整改且通过受让方尽职调查后，受让方和出让方拟交易的小电科技股份比例为 70%-100%区间，交易估值也尚未确定。本次收购若能顺利实施，小电科技将纳入武商集团合并范围。 总部位于 ...

Core Insights - The article discusses the acquisition intention of Wuhan Jiangtun Digital Technology Co., Ltd., a wholly-owned subsidiary of Wushang Group, to acquire Hangzhou Xiaodian Technology Co., Ltd. to facilitate the company's transformation from traditional retail to a commercial technology company [1][2] Group 1: Acquisition Details - The acquisition agreement was signed on November 28, 2025, with the intention to acquire between 70% to 100% of Xiaodian Technology's shares, pending legal and financial compliance [1] - The final transaction price has not yet been determined as of the announcement date [1] Group 2: Strategic Objectives - The acquisition aims to integrate Xiaodian Technology's extensive offline traffic network and digital capabilities to support Wushang Group's strategic shift towards becoming a commercial technology company [2] - The core investment goal is to acquire key digital assets to address challenges in traffic conversion and intelligent management, thereby reconstructing the "people-goods-scene" ecosystem and extending consumption scenarios [2] Group 3: Market Performance - On November 28, Wushang Group's stock closed at 10.17 CNY per share, reflecting a 5.72% increase [3]

格隆汇11月28日丨武商集团(000501.SZ)公布，公司下属全资子公司武汉江豚数智科技有限公司（简 称"江豚数科"或"受让方"）于2025年11月28日与出让方代表唐永波先生签署了《武汉江豚数智科技有限 公司关于收购杭州小电科技股份有限公司的意向协议书》，受让方与杭州小电科技股份有限公司（简 称"标的公司"）出于各自发展战略需要，拟进行产业整合和资本合作，以实现公司从传统零售向商业科 技公司转型目标。待标的公司完成法律、财务等方面规范整改且通过受让方尽职调查后，受让方和出让 方拟交易的标的公司股份比例为70%-100%区间。最终比例由交易各方协商确定。 本次交易旨在通过整合小电科技庞大的线下流量网络与数字化能力，推动公司从传统零售向商业科技公 司的战略转型，核心投资目的是获取关键数字资产以破解流量转化与智能化管理痛点，重构"人-货- 场"生态以延伸消费场景并实现数据驱动运营，同时强化本地市场统治力。本次收购若能顺利实施，标 的公司将纳入公司合并范围。最终构建覆盖全渠道的智慧商业基础设施，奠定公司的长期核心竞争力。 标的公司基于强大的商业物联网技术能力，以共享充电、共享储物柜、智能出行、智慧能源等服务，打 ...