Group 1: Company Overview and Acquisition - The company is acquiring a 55% stake in ChipShen Technology to enhance its technological layout in LED lighting and control systems [2] - ChipShen Technology specializes in intelligent lighting control products and has over 20 years of experience in the lighting automation field [2] - The acquisition aims to integrate resources and foster innovation in next-generation intelligent control power products, strengthening the company's technological barriers in the LED lighting sector [2] Group 2: Market Outlook and Product Applications - The company primarily produces medium and high-power LED drivers, with outdoor lighting as a core market segment, expected to grow due to increasing global energy-saving demands [4] - The plant lighting sector is anticipated to recover, driven by a new wave of equipment replacement in North America and the introduction of high-efficiency products [4] - The company’s energy storage inverters are mainly applied in Europe, Africa, and South Asia [5] Group 3: Strategic Partnerships and Financial Considerations - The company holds a 6.25% stake in Chongqing Jinggang Transmission, focusing on high-barrier aerospace-grade products [6] - The "Songsheng Convertible Bonds" have not yet triggered early redemption conditions but are under evaluation for potential future action [7] - Current orders for energy storage inverters are strong, with a delivery cycle of approximately 40-50 days [8] Group 4: Future Projections - In the first half of 2025, plant lighting is expected to contribute about 10% to the company's revenue [8] - By 2026, a new wave of equipment replacement in plant lighting is projected, alongside a recovery in demand driven by energy-saving regulations in Europe [8] - The plant lighting market is forecasted to grow significantly, with a potential market size reaching billions of dollars by 2029 and a compound annual growth rate of 9.4% from 2024 to 2029 [9]

Core Viewpoint - The company, 崧盛股份, has signed an equity acquisition agreement to purchase a 55% stake in Guangdong Chip God Technology Co., Ltd. for RMB 16.5 million, enhancing its position in the smart lighting control sector [1][2]. Group 1: Acquisition Details - The acquisition involves the purchase of 55% equity from 金海峰 and 金海诚, with the actual controller 王宗友 acquiring an additional 2.5% stake for RMB 750,000, and 田年斌 also acquiring 2.5% for the same amount [1]. - The total investment for the acquisition amounts to RMB 16.5 million for the company and RMB 1.5 million for the actual controllers [1]. Group 2: Target Company Overview - The target company specializes in the research, development, production, and sales of smart lighting control products and is recognized as a leading high-tech enterprise in the lighting control system sector in China [1]. - The core R&D team has over 20 years of experience in the lighting control field and possesses key communication application technologies [1]. Group 3: Strategic Implications - The acquisition is expected to integrate the strengths of both companies, facilitating product innovation in the next generation of intelligent power control solutions [2]. - This move aims to strengthen the company's technological barriers in the LED lighting driver sector, positioning it as a comprehensive solution provider that combines power supply, intelligent control, and communication [2].

Group 1 - The company, Songsheng Co., Ltd. (崧盛股份), signed an equity acquisition agreement to purchase 55% of Guangdong Xinshi Technology Co., Ltd. for RMB 16.5 million [1] - The actual controller of the company, Wang Zongyou, and another controller, Tian Nianbin, will each purchase 2.5% of the equity for RMB 750,000 [1] - Guangdong Xinshi Technology is a leading high-tech enterprise in the field of intelligent lighting control, with over 20 years of experience in the lighting control industry [1] Group 2 - The target company specializes in intelligent lighting control and possesses a complete network architecture technology, ensuring product stability and reliability [2] - The acquisition aims to integrate the strengths of both companies, facilitating product innovation in the next generation of intelligent power control [2] - This move is expected to strengthen the company's technological barriers in the LED lighting driver sector and promote technological transformation in the LED lighting industry [2]

Group 1 - The core point of the article is that Songsheng Co., Ltd. plans to acquire 55% of Guangdong Xinshen Technology Co., Ltd. for RMB 16.5 million, making Xinshen Technology a subsidiary of Songsheng [2] - After the acquisition, the actual controllers of Songsheng will also acquire an additional 5% stake, resulting in a total ownership of 60% in Xinshen Technology [2] - Xinshen Technology specializes in the research, production, and sales of intelligent lighting control products and is recognized as a leading high-tech enterprise in the lighting control system sector in China [2] Group 2 - The acquisition is expected to integrate the strengths of both companies, facilitating product innovation in the next generation of intelligent control power supplies [3] - This move will enhance Songsheng's technological barriers in the LED lighting driver sector, positioning the company as a comprehensive solution provider that integrates power supply, intelligent control, and communication [3] - The acquisition aligns well with Songsheng's main business in LED driver power supplies, indicating high synergy due to overlapping downstream customers [2][3]

Group 1: Investor Relations Activity - The company held an annual performance briefing on April 28, 2025, via the investor relations interactive platform [3] - Key attendees included the Chairman, General Manager, CFO, Board Secretary, and sponsor representative [3] Group 2: Financial Performance - In Q1 2025, the company reported revenue of ¥41,652,666.99, a decrease of 1.44% year-on-year [8] - Net profit for the same period was ¥10,582,985.88, an increase of 37.38% year-on-year, with a net profit excluding non-recurring items of ¥10,176,404.58, up 57.65% [8] Group 3: Market Insights - The global dimming power market is projected to grow from $15.9 billion in 2023 to $64.1 billion by 2031, with a CAGR of 19.0% from 2023 to 2031 [6] - The smart lighting control market is expected to increase from $12 billion in 2022 to $20.22 billion by 2031, growing at a rate of 6.2% during the forecast period [6] - The global smart home market is anticipated to reach $222.9 billion by 2027, with a projected growth rate of 60.01% over the next four years [7] Group 4: Strategic Initiatives - The company aims to mitigate the impact of fixed asset depreciation (approximately ¥330,000 annually) through product innovation and market expansion [5] - Future growth will be driven by technological innovation, product diversification, and a marketing strategy focused on both regional and global markets [9] Group 5: Shareholder Returns - The board decided not to implement a capital reserve transfer to increase share capital, prioritizing a reasonable cash dividend plan to provide immediate returns to shareholders [10]