Core Viewpoint - The company, Dongfang Precision, announced the sale of its 100% stake in Fosber Group, Fosber Asia, and Tiruña Asia to a subsidiary of Bofeng Group for a total base price of €774 million (approximately ¥6.35 billion) [1] Group 1: Transaction Details - The sale announcement led to a stock price surge, with Dongfang Precision's shares hitting the daily limit, raising its total market value to ¥24.64 billion [2] - Bofeng Group is a globally recognized investment firm with core businesses in asset management, wealth solutions, and operations across various sectors, managing assets exceeding $1 trillion [2] Group 2: Business Impact - The assets being sold are part of Dongfang Precision's intelligent packaging equipment segment and are a major source of revenue, with Fosber Group being a leading manufacturer of corrugated paper production equipment, holding over 50% market share in North America [3] - In 2024, the unaudited revenue of the sold companies is projected to reach ¥3.211 billion, accounting for 67.2% of Dongfang Precision's total revenue [3] - Post-transaction, Dongfang Precision will divest its entire corrugated cardboard production line business, which may impact the company's revenue scale [3] Group 3: Strategic Focus - The company stated that this decision is a strategic choice aimed at enhancing operational efficiency and focusing resources on new productive capacities, particularly in the marine power equipment sector [3] - Dongfang Precision's subsidiary, Baisheng Power, has become a leading player in the domestic outboard motor industry, successfully developing and mass-producing outboard motors ranging from 115 to 300 horsepower for various applications [3] Group 4: Financial Performance - For the first three quarters of the year, Dongfang Precision reported a revenue of ¥3.389 billion, a year-on-year increase of 2.52%, and a net profit attributable to shareholders of ¥510 million, up 54.64% year-on-year [4] - The company's net profit excluding non-recurring items was ¥349 million, reflecting a year-on-year decline of 7.28% [4]