Group 1 - The core viewpoint of the news is that Guanghong Technology (300735) is strengthening its position in the secondary market and has made significant progress in its acquisition of AC, a European electronic manufacturing services (EMS) giant, which enhances its global strategic layout [1][2]. - The acquisition of AC is a crucial step for global expansion, allowing Guanghong Technology to integrate high-quality targets and establish a manufacturing network across Asia, Europe, America, and Africa [2]. - AC has a strong presence in the automotive electronics sector, ranking 9th in Europe and 47th globally, which aligns with Guanghong Technology's strategy to expand its automotive electronics business [3]. Group 2 - Guanghong Technology's existing business shows resilience, with stable growth expected in the consumer electronics sector, particularly in providing high-end manufacturing services for major clients like Huawei and Honor [4]. - The automotive electronics business is projected to increase its revenue share to 15% by Q1 2025, benefiting from the rising penetration of new energy vehicles [4]. - The current valuation of Guanghong Technology does not fully reflect its growth potential post-acquisition, indicating room for valuation recovery as the company integrates AC's capabilities and stabilizes its domestic operations [4].