Group 1 - The core point of the article is that Degute plans to acquire 100% of Haowei Technology through a combination of share issuance and cash payment, marking a significant cross-industry merger [1][2] - After the acquisition, Haowei Technology will become a wholly-owned subsidiary of Degute, which is expected to enhance Degute's core competitiveness and create a second growth curve for the company [4] - The financial comparison shows that in 2024, Degute's revenue is projected to be 509 million yuan, while Haowei Technology's revenue is significantly higher at 3.654 billion yuan, indicating a substantial disparity between the two companies [1][2] Group 2 - Haowei Technology, established in February 2003, is an international software and IT service provider, focusing on digital and intelligent solutions for telecom operators, cloud infrastructure service providers, and government enterprises [2] - The financial data reveals that Haowei Technology's revenue for 2023 and 2024 is expected to be 3.861 billion yuan and 3.654 billion yuan, respectively, with net profits of 202 million yuan and 205 million yuan [2][3] - In the first quarter of this year, Haowei Technology reported a revenue of 334 million yuan but a net loss of 133 million yuan, attributed to the seasonal nature of its industry [3] Group 3 - Degute, located in Jiaozhou, Qingdao, is a high-tech energy-saving and environmental protection equipment manufacturer, aiming to expand its business from energy-saving equipment manufacturing to telecom software development and digital solutions [4] - The acquisition is part of Degute's strategy to transition from a "product supplier" to a "system integration service provider," enhancing its revenue streams and overall market position [4] - On the same day as the acquisition announcement, Degute's controlling shareholder, Wei Zhenwen, signed an agreement to transfer 762,400 shares, representing 5% of the company's total share capital, to Hangzhou Chenqi [5]

Core Viewpoint - The company is planning a significant asset restructuring by acquiring 100% of Haowei Cloud Computing Technology Co., Ltd. through a combination of issuing shares and cash payment, which will enhance its core competitiveness and expand its business into digital and intelligent solutions [2][3][6]. Group 1: Transaction Details - The company announced it will issue shares to no more than 35 specific investors to raise funds, with the total number of shares not exceeding 30% of the total share capital post-transaction [3][4]. - The share price for the acquisition is set at 14.35 yuan per share, which is at least 80% of the average trading price over the last 120 trading days [3][5]. - The funds raised will be used for cash payments related to the transaction, intermediary fees, and to supplement working capital [4]. Group 2: Company and Target Overview - The company specializes in high-tech energy-saving and environmental protection equipment manufacturing, serving sectors such as chemicals, energy, metallurgy, and waste treatment [5]. - The target company is an international software and IT service provider, focusing on digital and intelligent solutions for telecom operators, cloud infrastructure service providers, and government enterprises, with significant overseas business advantages [5][6]. Group 3: Strategic Implications - The acquisition is expected to diversify the company's business from energy-saving equipment manufacturing to include telecom software development, cloud and AI software services, and industry digital solutions, creating a second growth curve [6]. - The company anticipates that the transaction will not change the actual controller of the company and will enhance its risk resistance and profitability [6].

Core Viewpoint - The acquisition of Haowei Technology by Degute represents a significant "elephant swallowing snake" transaction, with a substantial disparity in revenue and asset size between the two companies [1][2]. Group 1: Acquisition Details - Degute plans to acquire 100% of Haowei Technology through a combination of share issuance and cash payment, making Haowei a wholly-owned subsidiary [1]. - The specific transaction pricing has not been disclosed, but the scale of the acquisition is notable given the financial metrics of both companies [1]. - The transaction involves 14 shareholders of Haowei Technology, with the top three shareholders holding 27.83%, 27.62%, and 13.85% of the shares respectively [2]. Group 2: Financial Comparison - In 2024, Degute's revenue is projected to exceed 500 million yuan, while Haowei Technology's revenue for 2023 and 2024 is reported at 3.861 billion yuan and 3.654 billion yuan respectively, indicating a revenue scale several times larger than Degute's [2][3]. - As of March 31, 2024, Degute's total assets are 1.156 billion yuan with equity of 765 million yuan, whereas Haowei Technology's total assets are 5.617 billion yuan with equity of 2.954 billion yuan [1][2]. Group 3: Business Transition - Following the acquisition, Degute aims to expand its business from energy-saving equipment manufacturing to telecommunications software development, cloud and AI software services, and industry digital solutions, thereby creating a second growth curve [4]. - The company has been transitioning from a "product supplier" to a "system integration service provider," focusing on a full value chain system for clean combustion and efficient heat exchange [5]. Group 4: Historical Context of Haowei Technology - Haowei Technology, previously known as Zhongxing Ruanchuang, was listed on the New Third Board before delisting in 2017 and has undergone multiple rounds of listing guidance since then [1][5]. - The company has received high-level certifications from major cloud service providers, indicating its strong capabilities in cloud management services [2].

Core Viewpoint - The company, Degute, is planning to acquire 100% of Haowei Cloud Computing Technology Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a significant asset restructuring [1][4]. Group 1: Transaction Details - The acquisition will involve 14 counterparties, including Nanjing Xiruan Enterprise Management Partnership and ZTE Corporation, among others [2]. - The company plans to raise matching funds from no more than 35 qualified specific investors, with the total number of shares issued not exceeding 30% of the company's total share capital post-transaction [4]. - The share issuance price is set at 14.35 yuan per share, which is not less than 80% of the average trading price over the previous 120 trading days [4]. Group 2: Company Background - Degute is a high-tech energy-saving and environmental protection equipment manufacturer, providing solutions in clean combustion and heat energy saving across various sectors including chemicals, energy, metallurgy, and waste treatment [5]. - Haowei Technology is an international software and IT service provider, focusing on digital and intelligent solutions for telecom operators, cloud infrastructure service providers, and government enterprises, with significant overseas business advantages [5]. Group 3: Strategic Implications - The acquisition is expected to diversify Degute's business from energy-saving equipment manufacturing to include telecom software development, cloud and AI software services, and industry digital solutions, thereby creating a second growth curve for the company [5][6]. - The transaction is anticipated to enhance the company's risk resistance and profitability, aligning with the interests of the company and all shareholders [6].

Core Viewpoint - The acquisition of 100% equity in Haowei Cloud Computing Technology Co., Ltd. by Qingdao Degute Energy Equipment Co., Ltd. is aimed at enhancing business synergy and transforming Degute from a traditional equipment supplier to an energy management solution provider [1][5]. Group 1: Financial Performance - Degute achieved a revenue of 509 million yuan in 2024, representing a year-on-year growth of 64.21%, and a net profit attributable to shareholders of 96.71 million yuan, up 150.15% year-on-year [2][3]. - In Q1 2025, Degute's revenue was 125 million yuan, showing a year-on-year decline of 31.19%, attributed to delayed order deliveries from 2023 [3]. - Haowei Technology reported a revenue of 3.34 billion yuan in Q1 2025, also experiencing a decline, which is explained by the seasonal nature of the software and IT services industry [3]. Group 2: Business Synergy - The acquisition is expected to create significant business synergies, with Haowei's "Three Integration" intelligent computing solution reducing deployment time from 6 months to 72 hours, and improving fault prediction accuracy by 40% in power industry applications [4]. - The collaboration will enable Degute to leverage Haowei's expertise in digital solutions to enhance its traditional manufacturing processes, thereby improving digital management efficiency [4]. Group 3: Market Expansion - Degute's products are sold in over 30 countries, while Haowei has branches in 19 countries, indicating potential for collaborative international market expansion [5]. - The differing customer bases of Degute and Haowei present complementary opportunities, allowing Degute to enter smart city environmental projects through Haowei's government and enterprise channels [4][5].

Core Viewpoint - The company, Degute (300950.SZ), is planning to acquire 100% of Haowei Cloud Computing Technology Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a significant asset restructuring without changing the actual controller of the company [1] Group 1: Transaction Details - The transaction will not lead to a change in the actual controller and does not constitute a restructuring listing, but it is classified as a related party transaction [1] - The company's stock will resume trading on July 14, 2025, after the announcement of this transaction [1] Group 2: Business Expansion - Through this acquisition, the company aims to expand its main business from energy-saving and environmental protection equipment manufacturing to telecommunications software development and services, cloud and AI software development and services, and industry digital solutions [1] - This strategic move is expected to successfully establish a second growth curve for the company [1]

Core Viewpoint - The acquisition of Haowei Technology by Degute is a significant strategic move aimed at leveraging digital capabilities to expand growth opportunities, rather than a short-term hedge against market fluctuations [2][3]. Group 1: Acquisition Details - Degute is an energy-saving and environmental protection equipment manufacturer, while Haowei Technology is an international software and IT service provider [2]. - The customer bases of both companies are largely different, with Degute focusing on heavy industry and Haowei on telecommunications, indicating a low overlap in clientele [2]. - The integration of both companies will require addressing the "technical gene conflict" to realize the potential synergies of the merger [2]. Group 2: Financial Performance - Degute has experienced significant fluctuations in its financial performance, with a reported revenue decline of 31.19% and a net profit drop of 53.24% in Q1 2025 [4]. - The decline in cash received from sales and services by 0.7% in 2024 contrasts with a 64.21% increase in revenue, indicating potential underlying issues in cash flow management [6]. - The net cash flow from operating activities decreased by 34.63%, raising concerns about the sustainability of reported profits [6]. Group 3: Market Reactions and Speculations - The announcement of the acquisition has sparked widespread interest among investors, with speculation about Haowei Technology potentially using this acquisition as a means to achieve a backdoor listing [3][4]. - Haowei Technology has a history of attempting to go public, having previously initiated IPO processes that did not materialize, which adds to the speculation surrounding this acquisition [4].

Core Viewpoint - Qingdao Degute Energy Equipment Co., Ltd. (300950.SZ) plans to acquire control of Haowei Cloud Computing Technology Co., Ltd. through a combination of share issuance and cash payment, aiming for digital transformation and business expansion [1][3]. Group 1: Acquisition Details - The acquisition is expected to constitute a major asset restructuring but will not lead to a change in the actual controller of Degute [1]. - Degute has signed a letter of intent with major shareholders of Haowei Technology, including Nanjing Xiruang and others, with Nanjing Xiruang being the largest shareholder backed by Alibaba's Yunfeng Fund [3][4]. - Haowei Technology, originally a subsidiary of ZTE Corporation, was acquired by Nanjing Xiruang in 2018 for 1.2233 billion yuan, marking its transition to a cloud computing focus [3][4]. Group 2: Business Overview - Haowei Technology provides digital solutions to global telecom operators, cloud infrastructure service providers, and government enterprises, with three main business lines: telecom software development, cloud management software, and industry digital solutions [4]. - The company recently launched an innovative "Three Integration" end-to-end intelligent computing supply solution, which has been piloted in the education sector in Shanghai and the Sichuan-Chongqing region [4][5]. Group 3: Degute's Performance - Established in 2004, Degute specializes in energy-saving and environmental protection equipment manufacturing and was listed on the Shenzhen Stock Exchange in March 2021 [7]. - In 2024, Degute achieved a revenue of 509 million yuan, a year-on-year increase of 64.21%, and a net profit of 96.71 million yuan, up 150.15%, both reaching historical highs [7][8]. - The company's overseas business is particularly strong, with 302 million yuan in revenue from international sales, accounting for 59.28% of total revenue, and a gross margin of 48.77% on exported products [8]. Group 4: Strategic Implications - The acquisition represents a significant strategic move for Degute, as it seeks to enhance its competitiveness through digital transformation, which can improve product design accuracy, optimize production processes, and enable intelligent equipment operation [8]. - This trend reflects a broader movement among traditional manufacturing companies to integrate digital technologies to boost competitiveness in the context of a growing digital economy [8].

Core Viewpoint - The company, Degute (300950.SZ), plans to acquire control of Haowei Cloud Computing Technology Co., Ltd. through a combination of share issuance and cash payment, while simultaneously raising supporting funds. The stock will be suspended from trading starting June 30, with a transaction plan expected to be disclosed within 10 trading days [1]. Group 1: Company Overview - Degute is a high-tech enterprise in the energy-saving and environmental protection equipment manufacturing sector, providing design, research and development, manufacturing, inspection, sales, and services across various industries including chemicals, energy, metallurgy, and solid waste treatment. It is recognized as a "hidden leader" in the carbon black equipment manufacturing industry, holding 151 valid patents, including 31 invention patents, 114 utility model patents, and 6 design patents [2]. - Haowei Technology, established in 2003 with a registered capital of 792 million yuan, is an international software and information technology service provider, offering digital solutions to global telecom operators, cloud infrastructure service providers, and government-enterprise clients. It has developed three main business lines: telecom software development and services, cloud management software development and services, and industry digital solutions [2]. Group 2: Recent Developments - Haowei Technology recently showcased several innovative achievements at the 2025 Shanghai World Mobile Communication Conference, addressing challenges in the industry related to high computing costs, high application thresholds, and fragmented solutions. The company introduced an end-to-end intelligent computing supply solution, providing a one-stop service from computing to platform and solution layers [3]. - The transaction is still in the planning stage, with Degute identifying preliminary transaction parties, including major shareholders of Haowei Technology. The final list of transaction parties will be disclosed in subsequent announcements [3]. Group 3: Financial Performance - In 2024, Degute reported an operating income of 509 million yuan, a year-on-year increase of 64.21%, and a net profit attributable to shareholders of 96.71 million yuan, up 150.15% year-on-year. The overseas business generated revenue of 302 million yuan, accounting for 59.28% of total revenue, with a gross profit margin of 48.77% for exported products [3]. - In the first quarter of this year, Degute experienced a decline in performance, with operating income of 125 million yuan, a year-on-year decrease of 31.19%, and a net profit attributable to shareholders of 23.67 million yuan, down 53.24% year-on-year [4].

Group 1 - The core viewpoint of the article highlights that the acquisition represents a cross-industry exploration for Degute, which has performed well in traditional business areas but has experienced significant performance fluctuations in recent years. The company is seeking a digital breakthrough to align with industry development trends [2] - Degute has reached a preliminary agreement to purchase assets from the major shareholders of Haowei Technology, which is currently in the planning stage. The final transaction counterpart will be confirmed in future announcements [3][4] - Haowei Technology, formerly known as ZTE Soft Creation Technology Co., Ltd., is an international software and information technology service provider, focusing on digital solutions for telecom operators and enterprise clients [3] Group 2 - Degute is a high-tech energy-saving and environmental protection equipment manufacturer, known as an "invisible leader" in the carbon black equipment manufacturing industry. The company holds 151 valid patents, including 31 invention patents [5] - The financial performance of Degute has shown significant fluctuations, with revenues of 324 million yuan, 310 million yuan, and 509 million yuan from 2022 to 2024, reflecting year-on-year changes of 9.84%, -4.19%, and 64.21% respectively. The net profit attributable to shareholders also varied significantly during the same period [5] - In 2024, Degute's overseas business accounted for 59.28% of its revenue, with overseas project orders amounting to 215 million yuan. The company has maintained a gross margin of around 50% in international markets, which has positively impacted overall profitability [6]