Core Viewpoint - Anfu Technology plans to acquire a 6.7402% stake in its subsidiary Anhui Anfu Energy Technology Co., Ltd. for 304 million yuan, aiming to increase its equity stake in the core asset Nanfu Battery Co., Ltd. from 39.09% to 41.91% [1][2] Group 1: Transaction Details - The transaction is valued at 4.505 billion yuan, reflecting an increase of 308 million yuan from the previous restructuring, primarily due to cash dividends received from Yajing Technology [2] - Prior to this transaction, Anfu Technology increased its stake in Anfu Energy from 62.25% to 93.26% in September 2023, investing a total of 1.152 billion yuan [2] - The company has sufficient funds to cover the transaction price, with available cash of 379 million yuan as of October 10, 2025, and can also secure acquisition loans at an interest rate below 3% for a term of 7 years [2] Group 2: Financial Performance - In the first three quarters of the year, Anfu Technology reported revenue of 1.181 billion yuan, a year-on-year decrease of 7.89%, while net profit attributable to shareholders increased by 19.5% to 67.8827 million yuan [2] - The company expects the acquisition to enhance its earnings per share by 0.10 yuan per share based on the projected net profit of Anfu Energy and total share capital for 2024 [1]

Core Viewpoint - Anfu Technology is solidifying its leading position in the battery industry through the acquisition of a 31% stake in Anfu Energy for 1.152 billion yuan, enhancing control over core assets and furthering its industrial layout [1][2][3]. Group 1: Acquisition Details - Anfu Technology plans to acquire a 31% stake in Anfu Energy from several stakeholders, with the transaction valued at 1.152 billion yuan [1][2]. - Following the acquisition, Anfu Technology's ownership in Anfu Energy will increase from 62.25% to 93.26% [2]. - This acquisition is part of a broader strategy to deepen the company's industrial layout, following previous steps to restructure and expand its business focus [2][3]. Group 2: Business Performance - Anfu Technology has shown a strong performance in the battery sector, with its subsidiary, Nanfu Battery, leading the domestic market for 32 consecutive years [1]. - The company reported a revenue of 2.428 billion yuan in the first half of 2025, a year-on-year increase of 4.98%, and a net profit of 107 million yuan, up 14.38% [1][4]. - After facing losses in 2020 and 2021, the company turned profitable in 2022, achieving a net profit of 81 million yuan, with continued growth in subsequent years [4]. Group 3: R&D and Market Expansion - Anfu Technology has been increasing its investment in R&D, with expenditures rising from 106 million yuan in 2022 to 136 million yuan in 2024, totaling 365 million yuan over three years [5]. - The company is actively exploring and expanding into various battery markets, including alkaline, carbon, and lithium batteries, while also focusing on technology sectors such as computing, chips, and semiconductors [4][5].