Group 1 - The core point of the article highlights that Guangyun Da is attempting to enter the telecommunications equipment market by acquiring a controlling stake in Yilian Infinite, a company that has experienced a significant decline in performance after a failed IPO [1][2] - Guangyun Da plans to acquire 56.0299% of Yilian Infinite for 352 million yuan, with the total equity value of Yilian Infinite being 629 million yuan, reflecting a 290.56% increase over its book net assets [1][2] - Yilian Infinite's performance has drastically declined post-IPO failure, with 2024 revenue at 527 million yuan and net profit at 28.75 million yuan, which is only 34% of its 2022 net profit [1][2] Group 2 - Guangyun Da's main business revolves around laser technology, providing manufacturing services and smart manufacturing solutions for various industries, but it has faced continuous profit decline over the past three years [2] - The company's net profits for 2022, 2023, and 2024 were 80.07 million yuan, 56.82 million yuan, and -27.37 million yuan respectively, indicating a consistent downward trend [2] - Guangyun Da aims to leverage this acquisition to integrate its smart device manufacturing business within the electronic manufacturing supply chain and expand into overseas markets, seeking new profit growth points [3]

星标 ★ IPO日报 精彩文章第一时间推送 4月17日，深圳光韵达光电科技股份有限公司（300227.SZ）（下称"光韵达"、"上市公司"）股价以8.23元收盘，上涨5.51%。 4月16日晚间，国内激光制造龙头光韵达发布公告，拟以现金不超过6.5亿元收购深圳市亿联无限科技股份有限公司（下称"亿联无限"、"标的公 司"）100%股份。 交易双方已签署《股份转让意向协议书》，最终收购比例将协商确定，预计不构成关联交易或重大资产重组。 此次收购标志着，光韵达从激光智能制造向网络通信设备制造领域的战略性延伸，旨在完成电子制造产业链的上下游整合，并拓展海外市场。 制图：李昕 同期，上市公司产品毛利率由2020年的42.45%一路下滑至2024年29.38%。 制图：李昕 制图：佘诗婕 增收不增利 据悉，光韵达是国内激光智能制造解决方案的龙头企业，业务涵盖SMT精密模板、3D打印、智能检测设备等领域，长期服务于华为、富士康等头部 客户。 公司近年来通过"内生+外延"战略持续扩张，不过从业绩层面来看，上市公司已经连续四年出现增收不增利的情况。 2020年至2024年，上市公司营业收入一路上涨， 由8.87亿元持续上涨至2 ...

Financial Performance - In 2024, the company reported a revenue of 111,817.02 million yuan, representing a year-on-year growth of 4.23% [2] - The net profit attributable to the parent company was a loss of 2,736.66 million yuan, with a net profit of 4,810.71 million yuan after deducting non-recurring gains and losses [2] - The net cash flow from operating activities was 8,580.43 million yuan [4] Business Impact and Strategy - The company plans to focus on its core business in 2025, aiming to stabilize existing operations amid industry cycle impacts [2] - The U.S. tariffs are expected to have some impact on the domestic electronics manufacturing industry, but the company's related business has not been directly affected [3][6] - The company is actively seeking market opportunities to enhance profitability while maintaining its leading position in the SMT business [7] Investment and Growth Plans - The company is undergoing a directed share issuance to raise funds primarily for working capital, with a focus on stable business development [3] - Significant investments are being made in the construction of the "Guangyun Da (Chengdu) Aviation Manufacturing Base," which will enhance production capacity and operational efficiency [8] - The company aims to expand its customer base in the aviation manufacturing sector, particularly in military and civilian applications [5] Market Outlook - The laser manufacturing industry is experiencing rapid growth due to industrial upgrades and emerging applications, with a positive outlook for future development [8] - The company anticipates that the electronic information manufacturing industry will recover steadily as global economic conditions improve [8] Shareholder Relations - The company has a profit distribution policy that ensures cash dividends are at least 33% of the average distributable profit over the last three years when conditions are met [9] - The management emphasizes maintaining investor confidence through active communication and strategic decisions [3][9]