Core Viewpoint - The company Chuangyuan Xinke plans to acquire 100% equity of Shanghai Weiyu Tiandao Technology Co., Ltd. for 886 million yuan through a combination of issuing shares and cash payment, aiming to enhance its technological capabilities and market position in the wireless communication testing sector [1][3]. Group 1: Acquisition Details - Chuangyuan Xinke will issue shares at a price of 18.88 yuan per share, with the new shares expected to account for 21.88% of the total share capital post-issuance [1][3]. - The company aims to raise no more than 140 million yuan in supporting funds through this transaction [1][3]. Group 2: Company Background - Chuangyuan Xinke is recognized as a leading enterprise in high-end wireless communication testing instruments, focusing on 5G/6G communication testing, vehicle networking testing, and low-orbit satellite testing [1][3]. - The company has faced significant revenue pressure in recent years, with revenues declining from 318 million yuan in 2022 to 156 million yuan in the first three quarters of 2025, reflecting year-on-year decreases of 24.54%, 14.98%, 13.93%, and 3.33% respectively [1][3]. - The net profit margin has also decreased, with a net profit margin of only 2.05% and a net profit of 4 million yuan in the first half of 2025 [1][3]. Group 3: Target Company Overview - Weiyu Tiandao, established in 2015, specializes in satellite navigation testing technology and has a wholly-owned subsidiary recognized as a specialized and innovative small and medium-sized enterprise in Hunan Province [4]. - Financial data shows that Weiyu Tiandao's revenues for 2023 to the first half of 2025 were 159 million yuan, 212 million yuan, and 75 million yuan, with net profits of 14.43 million yuan, 35.91 million yuan, and 21.83 million yuan respectively, indicating strong growth [2][4]. Group 4: Strategic Implications - The acquisition is expected to create a technological synergy between Chuangyuan Xinke's expertise in radio frequency communication testing and Weiyu Tiandao's satellite navigation testing technology, facilitating the development of a comprehensive testing solution covering "ground-low altitude-satellite" [5]. - This merger aligns with Chuangyuan Xinke's "1+3" development strategy, focusing on enhancing wireless communication testing technology and expanding into 5G/6G communication, satellite navigation, and low-altitude economy testing [5]. - The ongoing "supplementing and strengthening the chain" policy is driving active mergers and acquisitions in the electronic information industry, positioning Chuangyuan Xinke to enhance its core competitiveness and promote high-tech, high-efficiency industry upgrades through the integration of Weiyu Tiandao's resources [5].