Core Viewpoint - Chongqing ZhiJian Electronics Co., Ltd. reported a revenue of 548 million yuan for the first half of 2025, marking a year-on-year increase of 12.43%, with a net profit attributable to shareholders of 11.47 million yuan [1] Group 1: Company Overview - ZhiJian Electronics specializes in the research, design, production, and sales of emerging consumer rechargeable lithium-ion battery products and is recognized as a leading supplier in the industry [1] - The company has accumulated a wealth of intellectual property, holding 230 patents as of June 30, including 39 invention patents [1] Group 2: Market Performance - The company has established a mature integrated system for research, design, and production in the emerging consumer lithium battery sector, enabling rapid response to customer customization needs [1] - In the first half of the year, ZhiJian Electronics focused on deepening its market presence in emerging consumer lithium batteries, enhancing technological innovation and R&D investment, and strengthening its core competitive advantages [1] - The overseas sales revenue reached 187 million yuan, reflecting a year-on-year growth of 19.71%, attributed to the ongoing expansion of overseas business and the delivery of previously certified overseas customers [1]

Core Viewpoint - The company, ZhiJian Electronics, is pursuing growth through the acquisition of a 51% stake in Ningbo Qixiang Information Technology Co., Ltd. for 382.5 million yuan, aiming to enhance its performance in the emerging lithium battery sector [1][3]. Group 1: Acquisition Details - ZhiJian Electronics plans to acquire 51% of Ningbo Qixiang for 382.5 million yuan, with the overall valuation of Ningbo Qixiang set at 750 million yuan, reflecting an 835.02% premium [1][4]. - Ningbo Qixiang, established in 2018, specializes in power line communication technology and has developed core products that support various charging communication standards [3][6]. - The acquisition is part of ZhiJian's strategy to focus on its core business and expand into new areas, aiming to integrate resources and enhance competitive advantages [3][6]. Group 2: Financial Performance - In 2024, ZhiJian Electronics reported revenues of 1.145 billion yuan, a year-on-year increase of 17.78%, with net profit and non-recurring net profit rising by 239.44% and 685.84%, respectively [2][7]. - The sales volume and production of lithium-ion batteries increased by 22.65% and 22.96% year-on-year in 2024, contributing to a revenue of 1.122 billion yuan from this segment [7][8]. - The company achieved overseas revenue of 388 million yuan, a 15.58% increase, while domestic revenue reached 757 million yuan, growing by 18.93% [8]. Group 3: Future Commitments - The founder of Ningbo Qixiang has committed to achieving a total non-recurring net profit of no less than 150 million yuan from 2025 to 2027 [4]. - If Ningbo Qixiang meets its performance commitments, ZhiJian Electronics will initiate the acquisition of the remaining 49% stake at a total price based on the 750 million yuan valuation [4].