长江商报消息●长江商报记者 徐佳 为寻求业务及业绩上的突破，得邦照明（603303.SH）试图通过并购新三板车灯厂商打开新局面。 1月12日晚间，得邦照明披露资产收购计划，拟以股份受让及增资的方式，合计作价14.54亿元取得浙江 嘉利（丽水）工业股份有限公司（以下简称"嘉利股份"）67.48%股份，嘉利股份将成为上市公司的控股 子公司。 截至2025年8月31日，嘉利股份归属于母公司所有者权益为9.6亿元，考虑本次嘉利股份增发新股1.02亿 股，增加权益资本8.18亿元，定向发行完成后，嘉利股份每股净资产为7.46元。本次交易单价较嘉利股 份定向发行后每股净资产的溢价率为21.12%。 长江商报记者注意到，嘉利股份是车载照明灯具领域的新三板挂牌公司。得邦照明实施本次交易，旨在 快速切入并巩固公司在车载照明领域的产业布局，以应对自身近年业绩增长乏力的挑战。然而，嘉利股 份自身存在的盈利波动、客户集中及资产质量等风险，也为本次整合带来不确定性。 数据显示，2024年，嘉利股份营业收入和归母净利润双降。2025年前8个月，嘉利股份实现营业收入 18.14亿元，归母净利润亏损1323.74万元。 不仅如此，嘉利股份下 ...

长江商报消息●长江商报记者 徐佳 数据显示，2024年，嘉利股份营业收入和归母净利润双降。2025年前8个月，嘉利股份实现营业收入 18.14亿元，归母净利润亏损1323.74万元。 不仅如此，嘉利股份下游客户集中度较高，前五大客户销售占比超过60%。截至2025年8月末，嘉利股 份的应收账款、存货账面价值分别为10.61亿元、4.12亿元，合计占总资产的比例超过四成，部分问题客 户仍将对嘉利股份的资产质量与回款安全构成持续压力。 股份受让及增资控股嘉利股份 得邦照明本次交易的整体方案，由现金受让部分老股及现金认购部分新增股份两项内容组成，本次老股 转让和本次增资互为前提，不可分割，若其中任何一项交易未生效或终止，则本次交易终止实施。 具体而言，得邦照明拟以支付现金的方式受让嘉利股份6091.71万股股份，交易价格为6.54亿元。 同时，嘉利股份将向得邦照明以及两大员工持股平台丽水光合、丽水嘉融定向发行不超过1.02亿股，募 集资金总额不超过8.18亿元。其中，得邦照明认购1亿股，认购金额为8亿元，丽水光合、丽水嘉融分别 认购87.21万股、138.5万股。 为寻求业务及业绩上的突破，得邦照明（603303. ...

Group 1: Company Acquisition - Debang Lighting plans to acquire at least 51% of Jiali Co., aiming to gain control over the target company through cash transactions and capital increase [1] - The acquisition is expected to be classified as a major asset restructuring under relevant regulations, with a preliminary report to be disclosed within six months [1] - Jiali Co. specializes in the research, design, manufacturing, and sales of automotive lighting products, which aligns with Debang Lighting's focus on vehicle lighting and vehicle control systems [1] Group 2: Financial Performance - Debang Lighting reported a revenue of 2.152 billion yuan for the first half of the year, a slight increase of 0.4% year-on-year, while the net profit attributable to shareholders decreased by 19.66% to 143 million yuan [2] - The decline in net profit is attributed to intensified industry competition and fluctuating tariff policies, leading to a decrease in overall gross margin [2] Group 3: Satellite Communication Industry - The Ministry of Industry and Information Technology issued guidelines to optimize business access and promote the development of the satellite communication industry, aiming for significant advancements by 2030 [3] - The guidelines emphasize the need for continuous innovation in core technologies and products, enhancing the supply of key components and reducing user costs [3] - Recent successful satellite launches and advancements in satellite communication technology are expected to accelerate the commercialization of the industry in China [4] Group 4: Market Performance - Among 50 A-share companies involved in satellite communication, 11 stocks saw a rise despite a market pullback, with notable increases from companies like Yiyuan Communication and Fudan Microelectronics [5] - Yiyuan Communication has launched multiple satellite communication modules and achieved mass production, providing end-to-end satellite communication solutions [6] - The performance of satellite communication concept stocks shows a positive trend, with a significant increase in net profit for some companies, indicating a growing interest in the sector [6]

Group 1 - The company plans to acquire at least 51% of Zhejiang Jiali Industrial Co., Ltd. through cash transactions, which will result in Jiali becoming a subsidiary of the company [2][6] - The transaction is expected to constitute a significant asset restructuring, and the company's stock will not be suspended during this process [1][7] - The acquisition aims to optimize the company's industrial structure, enhance profitability, and improve asset quality, thereby strengthening its core competitiveness and sustainable development [7] Group 2 - In the first half of 2025, the company reported a revenue of 2.152 billion yuan, a year-on-year increase of 0.4%, while the net profit attributable to shareholders decreased by 19.66% to 143 million yuan [8] - The company plans to distribute a cash dividend of 6.41 yuan per 10 shares (including tax) to all shareholders [8] - On August 27, the company's stock price fell by 3.54%, closing at 14.99 yuan per share, with a total market capitalization of 7.149 billion yuan [9]

Core Viewpoint - The company plans to acquire at least 51% of Zhejiang Jiali Industrial Co., Ltd. through cash transactions, aiming to gain control over the company, which will become a subsidiary post-transaction [1][4]. Group 1: Acquisition Details - The acquisition will be executed through share transfer and capital increase, with specific transaction methods and parties to be determined [1][4]. - The transaction is expected to constitute a significant asset restructuring, and the company's stock will not be suspended during this process [2][4]. Group 2: Strategic Purpose - The primary goal of the acquisition is to optimize the company's industrial structure, enhance profitability, and improve asset quality [5]. - If successful, the acquisition will help increase the company's operational scale and performance, strengthen its second growth curve, and enhance core competitiveness and sustainable development [5]. Group 3: Financial Overview - In the first half of the year, the company reported a revenue of 2.152 billion yuan, a year-on-year increase of 0.4%, but a net profit of 143 million yuan, representing a year-on-year decline of 19.66% [7]. - The company plans to distribute a cash dividend of 6.41 yuan per 10 shares to all shareholders [7]. Group 4: Market Reaction - On August 27, the company's stock price fell by 3.54%, closing at 14.99 yuan per share, with a total market capitalization of 7.149 billion yuan [8].

Core Viewpoint - The company plans to acquire at least 51% of Zhejiang Jiali Industrial Co., Ltd. to gain control, aiming for significant asset restructuring and enhancing profitability and asset quality [3][4]. Group 1: Acquisition Details - The acquisition will be executed through cash payment for share transfer and capital increase, with specific transaction methods and counterparties still under discussion [4]. - Jiali Co. is a well-known domestic automotive lighting manufacturer, engaged in the R&D, design, manufacturing, and sales of automotive lights, with projected revenues of 2.68 billion yuan and 1.32 billion yuan for 2024 and the first half of 2025, respectively [3][4]. - The acquisition is expected to elevate Jiali Co. to a subsidiary of the listed company, included in the consolidated financial statements post-transaction [3]. Group 2: Company Background - The company is a comprehensive high-tech enterprise focused on R&D, production, sales, and service in the general lighting and automotive components industry, with a product range that includes civilian and commercial lighting products [4]. - The latest semi-annual report indicates that the company achieved a revenue of 2.15 billion yuan in the first half of 2025, reflecting a year-on-year growth of 0.4%, while net profit decreased by 19.66% [4]. Group 3: Strategic Implications - Successful completion of the acquisition is anticipated to enhance the company's operational scale and performance, strengthening its second growth curve and core competitiveness [5]. - The transaction will necessitate higher standards in operational, financial, and strategic management, prompting the company to improve human resource allocation and overall operational capabilities [5].

Core Viewpoint - The company, Debang Lighting, plans to initiate a significant asset restructuring to optimize its industrial structure and enhance profitability and asset quality [2][6]. Group 1: Transaction Details - On August 27, Debang Lighting announced its intention to acquire at least 51% of Zhejiang Jiali (Lishui) Industrial Co., Ltd. (referred to as "Jiali Co.") through cash payments for share acquisition and capital increase [5][6]. - Jiali Co. is a New Third Board listed company specializing in the research, design, manufacturing, and sales of automotive lighting products, with projected revenues of 2.68 billion yuan and 1.32 billion yuan for 2024 and the first half of 2025, respectively [5][6]. - The transaction is still in the planning stage, with specific transaction methods, counterparties, and acquisition ratios yet to be determined [6][7]. Group 2: Strategic Implications - If the transaction is successfully completed, Debang Lighting will gain control over Jiali Co., which is expected to enhance the company's operational scale and performance, thereby strengthening its second growth curve and core competitiveness [7]. - The transaction will require higher standards in operational management, financial management, and strategic planning, prompting the company to improve human resource allocation and overall operational capabilities [7].

Group 1 - The company, Debang Lighting, plans to initiate a significant asset restructuring to optimize its industrial structure and enhance profitability and asset quality [1][2] - The company intends to acquire at least 51% of Zhejiang Jiali Industrial Co., Ltd. (Jiali Shares) through cash transactions, which will grant it control over Jiali Shares [1][2] - Jiali Shares is a well-known domestic automotive lighting manufacturer, specializing in the research, design, manufacturing, and sales of automotive lamps [1][2] Group 2 - The projected revenues for Jiali Shares are 2.68 billion yuan and 1.32 billion yuan for 2024 and the first half of 2025, respectively, with net profits of 87.96 million yuan and 30.25 million yuan [1] - The transaction is currently in the planning stage, with a signed letter of intent, but specific transaction methods and acquisition ratios still require further discussion and negotiation [2] - If the transaction is successfully completed, it will enhance the company's operational scale and performance, strengthening its core competitiveness and sustainable development capabilities [3]

Group 1 - The company, Debang Lighting (603303), plans to initiate a major asset restructuring to optimize its industrial structure and enhance profitability and asset quality [1][2] - The company intends to acquire at least 51% of Zhejiang Jiali (Lishui) Industrial Co., Ltd. (referred to as "Jiali Co.") through cash transactions, which will grant control over Jiali Co. [1][2] - Jiali Co. is a well-known domestic automotive lighting manufacturer in China, specializing in the research, design, manufacturing, and sales of automotive lamps [1][2] Group 2 - The transaction is currently in the planning stage, with a signed letter of intent, but specific transaction methods, counterparties, and acquisition ratios still require further verification and negotiation [2][3] - Upon completion of the transaction, Jiali Co. will become a subsidiary of the listed company and will be included in the consolidated financial statements [2] - The latest semi-annual report indicates that Debang Lighting's revenue for the first half of 2025 was 2.152 billion yuan, a year-on-year increase of 0.4%, while net profit decreased by 19.66% to 143 million yuan [2]