Core Viewpoint - Shenzhen Yilian Infinite Technology Co., Ltd. (Yilian Infinite) experienced a significant decline in performance after withdrawing its IPO application, leading to a discounted acquisition by Guangyun Da [2][4] Group 1: Acquisition Details - Guangyun Da announced plans to acquire 56.0299% of Yilian Infinite for a total valuation of 6.28 billion yuan, which reflects a significant decrease from the initial IPO valuation of at least 14.7 billion yuan [3][8] - The acquisition involves purchasing 51.1494% from Yilian Infinite's actual controller and 4.8805% from Shenzhen Boyuan Zhili Management Consulting Partnership [4] - The acquisition is not classified as a related party transaction and does not constitute a major asset restructuring under relevant regulations [4] Group 2: Financial Performance - Yilian Infinite's financial performance showed a stark contrast between its IPO application period and the current state, with a reported net profit of only 2,875.09 million yuan in 2024, which is less than 34% of the 2022 figure [7][12] - The company's revenue figures from 2020 to mid-2023 indicated a growth trajectory, with revenues of 375 million yuan, 437 million yuan, 789 million yuan, and 282 million yuan respectively [5][6] - The company's total assets decreased from 4.394 billion yuan in 2022 to 3.354 billion yuan in mid-2023, indicating a downward trend in financial health [6] Group 3: Background and Context - Yilian Infinite's IPO application was submitted in June 2023 but was withdrawn in March 2024 after failing to respond to the second round of inquiries [4][10] - The second-largest shareholder, Wang Zhoufeng, is under investigation for economic crimes, which may have impacted the company's performance and the acquisition terms [9][12] - Guangyun Da aims to integrate Yilian Infinite into its operations to enhance its position in the network communication equipment manufacturing market and expand overseas [10][13]

Group 1 - The core point of the news is that Guangyun Da has acquired a 56.03% stake in Yilian Wuxian Technology for 350 million yuan, marking its entry into the communication equipment manufacturing sector and supporting its global expansion strategy [1] - The acquisition aligns with the regulatory environment, as the China Securities Regulatory Commission is promoting mergers and acquisitions, particularly for technology companies, to enhance their global presence [2] - Yilian Wuxian, a high-tech company with recognized technology and global market potential, has committed to achieving specific profit targets from 2025 to 2027, providing a solid basis for the acquisition's valuation [3] Group 2 - Guangyun Da currently relies on the domestic market for over 90% of its revenue, and this acquisition will help diversify its business and establish a global operational framework [4] - The company has sufficient cash reserves, with 384 million yuan expected by the end of 2024, and has initiated a fundraising effort to support its liquidity, indicating strong confidence in its global strategy [4] - This acquisition is seen as a critical step for Guangyun Da in transitioning from "Made in China" to "Intelligent Manufacturing Globally," which is expected to enhance its risk resilience and profitability in the long term [4]