Core Viewpoint - The company plans to sell 100% equity of Fosber Group, Fosber Asia, and Tiruña Asia to Foresight US and Foresight Italy for a total base price of €774 million, marking a strategic shift to divest from corrugated cardboard business and increase investment in emerging industries [2][3] Group 1: Transaction Details - The transaction involves the sale of three companies, with Fosber Group valued at €637 million, Fosber Asia at €125 million, and Tiruña Asia at €12.036 million, plus additional interest and deductions for losses [2] - The deal includes a contingent consideration of up to €25 million based on the gross profit and gross margin of the target group from August 2025 to December 2026 [2] - The transaction is subject to approval from the company's board, shareholders, and various international regulatory bodies [2] Group 2: Financial Impact - The target companies are expected to generate an unaudited revenue of ¥3.211 billion in 2024, accounting for 67.2% of the company's revenue during the same period [3] - Proceeds from the sale will enhance the company's financial strength and support investments in new productive capacities [3] Group 3: Strategic Focus - Post-transaction, the company will focus on increasing investment in its subsidiary, Baisheng Power, which has achieved mass production of 300-horsepower gasoline outboard motors, breaking the monopoly of American and Japanese manufacturers [3] - The company aims to concentrate on strategic emerging industries in manufacturing, including industrial internet and digital printing equipment upgrades [3] - This divestment is part of the company's ongoing strategy since 2020 to promote technological transformation and optimize resource allocation [3]

Core Viewpoint - Dongfang Precision (002611) plans to sell 100% equity of Fosber Group, Fosber Asia, and Tiru a Asia to Foresight US and Foresight Italy for a total base price of €774 million, marking a strategic restructuring to divest from the corrugated cardboard business and increase investment in emerging industries [1][2] Group 1: Transaction Details - The selling entity includes Dongfang Precision and its wholly-owned subsidiary Dongfang Precision (Netherlands) [1] - The transaction price is structured using a locked box mechanism, with base prices set at €637 million for Fosber Group, €125 million for Fosber Asia, and €12.036 million for Tiru a Asia, plus interest and deductions for losses [1] - An additional contingent payment of up to €25 million may be awarded based on the target group's gross profit from August 2025 to December 2026 and the gross profit margin for the fiscal year 2026 [1] Group 2: Strategic Implications - The transaction is expected to constitute a major asset restructuring, with the target companies projected to generate an unaudited revenue of ¥3.211 billion, accounting for 67.2% of Dongfang Precision's revenue during the same period [2] - Post-transaction, Dongfang Precision will divest its corrugated cardboard production line and focus resources on its core business, particularly increasing investment in its subsidiary, Baisheng Power, which has achieved mass production of 300-horsepower gasoline outboard motors [2] - The company aims to enhance its strategic focus on emerging industries, including industrial internet and digital printing equipment, as part of its technology transformation strategy initiated in 2020 [2]

Core Viewpoint - The company, Dongfang Precision (002611.SZ), announced a significant asset sale plan, selling 100% equity of its corrugated cardboard production line business, including the Italian Fosber Group, through a cash transaction. This strategic decision aims to maximize the interests of the company and its shareholders while aligning with national development strategies and the company's technological transformation goals [1]. Group 1: Strategic Focus - The sale is not merely a divestment but a strategic choice to concentrate resources on core businesses that align with the national development direction of "new quality productivity" [1]. - The company plans to enhance its financial strength and unlock business potential through this transaction, ensuring high-quality development [1]. Group 2: Business Development - Since acquiring control of Fosber Group in 2014, the company has seen significant profits from this operation. However, with increasing complexity in management, it has decided to streamline its international management scope [1]. - The company has been advancing its "technology transformation and upgrading strategy" since 2020, significantly increasing R&D investment and becoming the first in China to mass-produce 300-horsepower gasoline outboard engines, filling a gap in the high-power outboard engine manufacturing sector [2]. Group 3: Performance Metrics - The subsidiary, Baisheng Power, has achieved an average annual compound growth rate of over 20% in revenue and net profit over the past five years, indicating a strong development trend [3]. - The company has launched innovative products and established a national-level postdoctoral research workstation, enhancing its R&D capabilities [3]. - The implementation of the U9 ERP system has improved operational efficiency, with inventory turnover days decreasing year-on-year, and accessory sales increasing by over 50% in the first half of 2025 [3]. Group 4: Future Directions - The company aims to focus on strategic emerging industries in manufacturing, aligning with national policies and its own industrial advantages to optimize its industrial structure and enhance technological innovation capabilities [4]. - Following the completion of the asset sale, the company will continue to leverage its decades of experience in high-end equipment manufacturing to focus on the industrialization of strategic emerging industries [4].

Group 1 - The company has signed a strategic cooperation agreement with Leju Robotics to focus on humanoid robot manufacturing and intelligent control systems, aiming for production, scene expansion, and business promotion [1] - A joint venture has been established with Leju and Heertai to specialize in intelligent control systems for humanoid robots, targeting core scenarios such as industrial operations and human-robot collaboration [1] - Leju Robotics has launched the KUAVO 5/5-W dual-mode robot, designed for industrial applications, featuring 41 degrees of freedom and a maximum load of 5 kg, with a battery life of over 2 hours for KUAVO 5 and 8 hours for KUAVO 5-W [1] Group 2 - The company has invested in Ruoyu Technology, which focuses on the development and application of intelligent robot brains, with its self-developed "Ruoyu·Jiutian" multimodal model reaching 13 billion parameters [2] - Ruoyu Technology's collaboration with the company aims to create a closed loop of "scene + data + algorithm," enhancing both parties' capabilities in digitalization and intelligence [2] - The company holds approximately 20% of Jiaten Robotics, a leading provider of AGV robots and intelligent logistics systems, with products used by over 70 Fortune 500 companies [2] Group 3 - The company has increased its stake in Aerospace New Power to 19.89%, focusing on high-end metal materials and nuclear power components, being one of the first to obtain nuclear power manufacturing licenses in China [3] - Aerospace New Power's products are utilized in all existing and under-construction nuclear power projects in China, with a successful shipment of magnet support products for the BEST project [3] - The company's subsidiary, Baisheng Power, holds a 71.14% stake and has achieved significant growth in the domestic outboard motor market, breaking the monopoly of American and Japanese brands [3] Group 4 - Revenue projections for the company are estimated at 5.278 billion, 5.951 billion, and 6.911 billion yuan for 2025-2027, with corresponding net profits of 707 million, 849 million, and 1.038 billion yuan [4] - The company maintains a "recommended" rating due to its deep involvement in the humanoid robot industry chain and potential growth in smart logistics, nuclear fusion, and outboard motor sectors [4]

Group 1: Packaging Equipment Business - The company actively implements the "going out, bringing in" strategy in the corrugated packaging equipment sector, enhancing its competitive advantage through overseas mergers and acquisitions while building domestic high-end equipment capabilities [1][2] - Subsidiaries Fosber Asia and Tiruña Asia have achieved a 90% domestic manufacturing rate for mid-to-high-end corrugated lines, significantly reducing production costs and enhancing product competitiveness [2] Group 2: Outboard Motor Industry - The outboard motor industry primarily serves the yacht and sailing boat sectors, with the global leisure boat market projected to grow from $16.4 billion in 2021 to $23.6 billion by 2027, reflecting a compound annual growth rate (CAGR) of approximately 6.20% [3][4] - Baisheng Power has maintained the highest market share in China's outboard motor industry from 2020 to 2022, benefiting from the dual advantages of industry growth and domestic substitution [4] Group 3: Digital Printing Technology - Wandek Digital's printing technology allows direct printing from computer/mobile files onto various packaging materials without the need for plate-making, offering cost-effectiveness and flexibility for small batch orders [5][6] - The launch of the WONDER INNO PRO industrial-grade printer in 2024, featuring 1800npi precision, aims to provide high-quality digital printing comparable to offset printing [6] Group 4: Strategic Investments and Collaborations - The company follows a "1+N" development strategy, focusing on strategic investments that align with its core business, particularly in robotics and embodied intelligence [7][8] - Collaborations with leading firms like Jiaten Robotics and Ruoyu Technology aim to enhance the company's capabilities in intelligent industrial robotics and digital transformation [7][8]