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汇绿生态(001267.SZ)拟发行股份收购钧恒科技49%股权 交易价格11.27亿元
智通财经网· 2025-09-29 15:00
上市公司主营业务为光模块业务和园林业务,其中光模块业务主要包括光模块、AOC、光引擎为主的 光通信产品的研发、生产和销售;园林业务主要包括园林工程施工、园林景观设计及苗木种植等,能够 完整的提供苗木种植、园林工程设计、施工及后续绿化养护等全产业链服务。 智通财经APP讯,汇绿生态(001267.SZ)发布公告,上市公司拟通过发行股份及支付现金的方式向彭开盛 等7名交易对方购买其合计持有的钧恒科技49%的股权,并拟向不超过35名符合条件的特定对象发行股 份募集配套资金。交易价格11.27亿元。 截至本报告书签署日,上市公司已持有标的公司51.00%股权。标的公司专注于光模块行业已有10余 年。上市公司拟通过本次交易收购标的公司少数股权,本次交易完成后,标的公司将成为上市公司全资 子公司。本次交易有利于进一步增强上市公司对标的公司的控制,提升上市公司在光模块行业的研发、 生产及销售等方面的协同能力,强化上市公司在光模块行业的产业布局。 ...
汇绿生态(001267.SZ):拟购买钧恒科技49%股权 强化公司在光模块行业的产业布局
Ge Long Hui A P P· 2025-09-29 14:59
截至本报告书签署日,上市公司已持有标的公司51.00%股权。标的公司专注于光模块行业已有10余 年。上市公司拟通过本次交易收购标的公司少数股权,本次交易完成后,标的公司将成为上市公司全资 子公司。本次交易有利于进一步增强上市公司对标的公司的控制,提升上市公司在光模块行业的研发、 生产及销售等方面的协同能力,强化上市公司在光模块行业的产业布局。 格隆汇9月29日丨汇绿生态(001267.SZ)公布,公司拟通过发行股份及支付现金的方式向彭开盛等7名交 易对方购买其合计持有的钧恒科技49%的股权,并拟向不超过35名符合条件的特定对象发行股份募集配 套资金,交易价格(不含募集配套资金金额)112,700.00万元。 ...
汇绿生态:拟购买武汉钧恒科技剩下49%股权 构成重大资产重组
Mei Ri Jing Ji Xin Wen· 2025-09-29 14:32
每经AI快讯,9月29日,汇绿生态(001267.SZ)公告称,公司拟通过发行股份及支付现金的方式向彭开盛 等7名交易对方购买其合计持有的钧恒科技49%的股权,并拟向不超过35名符合条件的特定对象发行股 份募集配套资金,钧恒科技49%股权的交易价格11.27亿元。本次交易构成重大资产重组。截至本报告 书签署日,汇绿生态已持有钧恒科技51.00%股权。本次交易完成后,钧恒科技将成为公司全资子公 司。钧恒科技专注于光模块行业已有10余年。本次交易有利于进一步增强公司对钧恒科技的控制,提升 公司在光模块行业的研发、生产及销售等方面的协同能力,强化公司在光模块行业的产业布局。 (文章来源:每日经济新闻) ...
华懋科技“淘金”算力赛道 富创优越承诺三年盈利不低于7.8亿元
Zheng Quan Shi Bao Wang· 2025-09-29 13:32
2025年9月29日,华懋科技(603306)披露重大资产重组草案,拟以15.04亿元收购富创优越57.84%股权, 实现对这家高成长性算力企业的全资控股。华懋科技此次整体收购的综合市盈率按照平均业绩承诺看为 7.3倍,在当前算力板块估值上涨的背景下,堪称一次精明的"价值投资"。 高成长赛道 富创优越所处的光模块赛道正处于高速成长期。根据Light Counting预测,2024—2029年全球光模块市 场规模将以22%的年均复合增长率增长,2029年有望突破370亿美元。这一增长主要由AI算力需求驱 动,数据中心对800G、1.6T等高速率光模块需求持续攀升。在高速铜缆连接器领域,市场空间同样广 阔。 根据华经产业研究院预测,2024年中国铜缆高速连接器产业规模达87.59亿元,2025年将突破100亿元, 2028年有望超过200亿元。富创优越在这两个高增长领域均有布局,为客户提供光模块PCBA和高速铜 缆连接器等高可靠性组件。 2024年,公司800G光模块PCBA出货量超350万支,已进入全球前十大光模块厂商中的三家供应链,并 向全球20大光模块厂商中的7家批量供货。2025年1—4月,公司800G产 ...
华懋科技"淘金"算力赛道 富创优越承诺三年盈利不低于7.8亿元
Zheng Quan Shi Bao Wang· 2025-09-29 13:28
Core Viewpoint - Huamao Technology plans to acquire 57.84% of Fuchuang Youyue for 1.504 billion yuan, aiming for full control of the high-growth computing power company, with a projected average P/E ratio of 7.3 times based on performance commitments, indicating a strategic value investment in the context of rising valuations in the computing power sector [1] Group 1: High-Growth Sector - Fuchuang Youyue operates in the rapidly growing optical module sector, with a projected global market size growth of 22% CAGR from 2024 to 2029, potentially exceeding $37 billion by 2029, driven by AI computing power demand [2] - The market for high-speed copper cable connectors in China is expected to reach 8.759 billion yuan in 2024 and surpass 10 billion yuan in 2025, with projections of over 20 billion yuan by 2028, indicating significant market potential [2] - Fuchuang Youyue has established itself in both high-growth areas, supplying high-reliability components such as optical module PCBA and high-speed copper cable connectors, with 800G product revenue accounting for 40.87% in early 2025 [2] Group 2: Strategic Acquisition - The acquisition allows Huamao Technology to enter the AI computing power sector, optimizing and upgrading its business structure, with Fuchuang Youyue's projected net profit of 1.29 billion yuan in 2024 exceeding 50% of Huamao's net profit for the same year [3] - Fuchuang Youyue's commitment to a net profit of 2 billion yuan in 2025 indicates a significant contribution to Huamao's overall profitability, effectively creating a second Huamao Technology through this acquisition [3] - The projected compound annual growth rate of Fuchuang Youyue's net profit commitments exceeds 28%, highlighting the growth potential and favorable timing of the acquisition [3] Group 3: Valuation Analysis - The valuation of Fuchuang Youyue increased from 950 million yuan to 2.6 billion yuan, supported by a substantial profit increase from 2.4 million yuan in 2023 to 1.29 billion yuan in 2024, reflecting a 433.63% growth [4] - The acquisition includes clear performance commitments, with net profits of no less than 2 billion yuan, 2.5 billion yuan, and 3.3 billion yuan from 2025 to 2027, totaling at least 7.8 billion yuan, resulting in an average P/E ratio of 10 times [4] - Considering the total payment of 1.899 billion yuan for 100% equity, the effective P/E ratio drops to 7.3 times, significantly lower than the average valuation in the A-share optical module sector [4] Group 4: Risk Management - The transaction emphasizes risk control through performance commitments, providing a foundational guarantee for investment returns, with 68% of the transaction value paid via share issuance at a price of 29.80 yuan per share [4] - The core team of Fuchuang Youyue will remain as shareholders of Huamao Technology, ensuring alignment of interests, with a share lock-up period of at least 12 months to prevent short-term speculative behavior [5]
华懋科技拟15亿收购富创优越57.84%股权,卡位光模块370亿美元市场
Ju Chao Zi Xun· 2025-09-29 13:16
9月29日,华懋科技披露一项精心设计的资产收购方案,拟以15.04亿元对价收购富创优越剩余57.84%股 权。本次交易不仅展现了上市公司在交易结构设计上的专业性,更凸显了其深度布局AI算力赛道的战 略决心。在全球光模块市场预计2029年突破370亿美元的背景下,华懋科技通过创新的交易方案,以最 小成本实现最大战略效益。 精密设计的交易结构:股权+现金实现多方共赢 本次交易方案在支付方式、对价安排和融资设计上体现了高度的专业性。根据草案,15.04亿元的总对 价中,10.22亿元(68%)通过发行股份方式支付,4.81亿元(32%)以现金支付。这种精密的支付结构 设计实现了多重战略目标。股份支付部分,华懋科技以29.80元/股的发行价格向富创优越的13名原股东 定向发行股份。这一安排实现了与核心团队的利益深度绑定——交易完成后,富创优越原主要股东将成 为华懋科技的直接股东,其个人财富与上市公司股价表现紧密关联,这为后续整合和业绩实现提供了坚 实保障。同时,12个月起的股份锁定期设置,有效防止了短期套现行为,维护了二级市场稳定。现金支 付部分则满足了交易对方的流动性需求,特别是对于有退出意愿的财务投资者而言,4. ...
帮主郑重:汇丰喊A股剑指4500点?20年老兵说透关键
Sou Hu Cai Jing· 2025-09-29 12:33
Group 1 - HSBC's prediction of the Shanghai Composite Index reaching 4500 points by 2026 is based on three core assumptions: no recession in the US economy, continued investment in artificial intelligence, and ongoing interest rate cuts by the Federal Reserve [3] - The forecast is supported by expected strong earnings growth in sectors such as electronics and healthcare, with the power equipment sector projected to have nearly 50% growth that is not fully priced in by the market [3][4] - The overall valuation of A-shares is considered low, with the price-to-earnings ratio of the CSI 300 still showing a gap compared to major global markets, indicating potential for recovery in the long term [3] Group 2 - Structural opportunities are emphasized, suggesting that not all stocks will benefit equally from index gains; sectors like optical modules, Apple supply chain, energy storage, and pharmaceutical CXO are highlighted as growth areas with PEG ratios below 1 [4] - There is a noticeable shift of funds from traditional sectors to those with policy support and industry trends, such as technology growth and high-end manufacturing, which are seen as long-term investment themes [4] - The focus for long-term investors should be on the reliability of their holdings rather than solely on index predictions, emphasizing the importance of company research, including R&D investment and stable earnings growth [4]
中际旭创:公司持续看好算力基础设施建设等因素对光模块需求规模的促进作用
Zheng Quan Ri Bao· 2025-09-29 08:43
(文章来源:证券日报) 证券日报网讯中际旭创9月29日在互动平台回答投资者提问时表示,公司持续看好算力基础设施建设等 因素对光模块需求规模的促进作用,公司也会继续深耕光模块行业。 ...
人工智能巨头陆续公布重大进展,积极看好AI产业链投资机会 | 投研报告
Zhong Guo Neng Yuan Wang· 2025-09-29 08:40
Group 1 - Nvidia announced a partnership with OpenAI, involving a plan to build a large data center and an investment of up to $100 billion [1][2] - OpenAI will utilize Nvidia's systems to construct and deploy at least 10 gigawatts of AI data centers, equivalent to the electricity consumption of 8 million American households [1][2] - Nvidia's CEO stated that 10 gigawatts corresponds to 4 to 5 million GPUs, which is about double the company's total shipments this year compared to last year [1][2] Group 2 - Alibaba Cloud and Nvidia announced a collaboration in the Physical AI sector, integrating Nvidia's software stack into Alibaba's AI platform to enhance various AI applications [3] - The investment outlook remains positive for the computing power industry chain, with strong fundamentals despite external challenges [4] - The AI industry and related AIDC industry chain are expected to maintain high growth, with 2025 potentially being a pivotal year for AI infrastructure in China [4] Group 3 - Key investment recommendations include focusing on optical modules, switches, servers, and AIDC-related companies [6] - The offshore wind cable industry is recovering, presenting good opportunities for leading companies in the sector [5] - The satellite internet industry is also showing positive developments domestically, indicating potential for future growth [5]
三大股指集体上涨,人工智能相关ETF全线走高,5G通信ETF(515050)上涨2.34%
Mei Ri Jing Ji Xin Wen· 2025-09-29 08:33
Market Performance - The three major indices collectively rose on September 29, with the Shanghai Composite Index up by 0.9%, the Shenzhen Component Index up by 2.05%, and the ChiNext Index up by 2.74% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 21,781 billion yuan, an increase of 120 billion yuan compared to the previous day [1] - Over 3,500 stocks in the market experienced gains, with sectors such as securities, batteries, non-ferrous metals, and steel leading the gains, while education, pork, coal, and chemical pharmaceuticals saw declines [1] ETF Performance - Major broad-based ETFs saw significant afternoon gains, with the A500 ETF (512050) rising by 1.39% [1] - AI-related ETFs performed well, with the Chip ETF (159995) and AI ETF (515070) both increasing by 1.14% [1] - The 5G Communication ETF (515050) rose by 2.34%, and the ChiNext AI ETF (159381) increased by 1.33%, indicating strong performance in the AI computing hardware supply chain [1] Sector Focus - Recent domestic policies and structural industry trends have garnered attention, with market funds gradually shifting from the computing power sector to other low-valuation growth sectors [1] - The market is expected to maintain a slow bull trend in the medium term, with structural growth sectors becoming key investment opportunities [1] - Key sectors to watch include new energy, humanoid robots, innovative pharmaceuticals, and non-ferrous metals, which are expected to have concentrated catalytic events [1] Earnings Expectations - According to Industrial Securities, industries with upward revisions in profit expectations since September are primarily concentrated in technology, advanced manufacturing, cyclical, consumption, and finance [2] - The third quarter reports will serve as an important window to validate the economic cycle for strong sectors represented by technology and advanced manufacturing [2] - In the technology growth narrative, sectors such as AI, innovative pharmaceuticals, and new energy have seen trading congestion return to reasonable levels, suggesting a potential focus on growth trends [2]