Core Viewpoint - BYD, as a pioneer and leader in the global electric vehicle industry, emphasizes its strong technological foundation in electric and intelligent vehicle sectors, which creates a sustainable competitive advantage and solidifies its market position in China [1] Group 1: Company Strategy - The company aims to leverage its mature domestic technology in new energy to expand its product line and enhance overseas production capacity and sales networks [1] - BYD is focused on building a global supply chain and establishing its own logistics capabilities to accelerate the transformation and upgrading of the global automotive industry [1] Group 2: Business Outlook - The company plans to pursue both domestic and international business strategies in a complementary manner to ensure stable and sustainable growth [1] - BYD is committed to creating more returns for its shareholders through its strategic initiatives [1]

Core Viewpoint - Qin'an Co., Ltd. plans to acquire 99% of Anhui Yigao Optoelectronics Technology Co., Ltd. for 885 million yuan, aiming to enhance its product offerings in the high-end vacuum coating sector and establish a "second growth curve" [1][2] Group 1: Acquisition Details - The acquisition will be executed through Qin'an's wholly-owned subsidiary, Luling Mountain Stream, making Yigao Optoelectronics a subsidiary included in the consolidated financial statements [1] - Yigao Optoelectronics, established in August 2020, has a registered capital of 68.62 million yuan and is recognized as a national high-tech enterprise [2] - The total assets of Yigao Optoelectronics as of May 2023 were 521 million yuan, with a net asset value of 252 million yuan [2] Group 2: Financial Commitments - Existing shareholders of Yigao Optoelectronics have committed to achieving a cumulative net profit of no less than 240 million yuan from 2025 to 2027 [2] - If the actual net profit falls below 85% of the promised total, the shareholders are obligated to compensate Qin'an in cash [2] Group 3: Strategic Rationale - The acquisition aligns with the trend of electrification and intelligence in the automotive industry, which demands enhanced functionality and integration of components [5] - Yigao Optoelectronics is a leader in high-end vacuum coating technology, with applications in premium smartphones and wearable devices, and is expanding into electric vehicle displays [5] - The transaction is expected to enrich Qin'an's product matrix and enhance market competitiveness through collaboration in customer resources, sales channels, and technology development [5]