Group 1 - Company Haichang New Materials (300885) announced plans to acquire 51% of Shenzhen Xinwei Communication Technology Co., Ltd. for 255 million yuan to expand into the satellite communication sector [1][4] - Xinwei Communication specializes in the research, production, and sales of GNSS antenna positioning components, with applications in various fields such as drones and precision agriculture [4][5] - The acquisition is expected to create new profit growth points and enhance the company's profitability and operational sustainability [5][7] Group 2 - The performance commitment from the sellers includes a net profit of no less than 120 million yuan during the commitment period from 2025 to 2027 [7] - Xinwei Communication's audited financials for 2024 show total assets of approximately 80.3 million yuan and a net profit of about 30.4 million yuan [8] - Haichang New Materials reported a revenue of approximately 138 million yuan for the first half of 2025, a year-on-year decrease of 4.75% [8] Group 3 - On September 19, Haichang New Materials' stock fell by 5.07%, closing at 25.85 yuan per share, with a total market capitalization of 6.415 billion yuan [9]

Core Viewpoint - Haichang New Materials (SZ 300885) announced the convening of its 19th board meeting on August 25, 2025, to discuss the cancellation of the supervisory board and amendments to the company’s articles of association [1] Company Summary - For the fiscal year 2024, Haichang New Materials reported a revenue composition where electric tools accounted for 82.73%, automotive parts for 13.41%, office and home appliances for 3.4%, other businesses for 0.24%, and other components for 0.22% [1] - As of the report date, Haichang New Materials has a market capitalization of 6.9 billion yuan [1]