Core Viewpoint - North Self Technology (stock code: 603082) plans to acquire 100% equity of Suzhou Suike Intelligent Technology Co., Ltd. and raise up to 32 million yuan through a share issuance to no more than 35 specific investors [1][2] Group 1: Acquisition Details - The acquisition target, Suike Intelligent, was established in 2017 and focuses on intelligent logistics systems and equipment, headquartered in Suzhou High-tech Zone [1] - The assessed value of 100% equity of Suike Intelligent is 140 million yuan, representing an increase of 113 million yuan compared to the audited equity attributable to the parent company as of March 31, 2025, with a growth rate of 413.16% [1][2] Group 2: Strategic Rationale - This transaction is characterized as an industrial merger within the intelligent logistics sector, aiming to integrate technological capabilities and market channels, thereby expanding the downstream application scenarios and enhancing market influence [2] - The merger is expected to improve the production capacity of intelligent logistics equipment, reduce costs, and enhance the core competitiveness of the listed company [2] Group 3: Financial Performance and Risks - The gross profit margins of Suike Intelligent for the reporting periods (2023, 2024, and the first half of 2025) are 30.06%, 27.59%, and 21.94%, respectively [3] - The asset-liability ratios for Suike Intelligent during the same periods are 94.27%, 86.43%, and 83.75%, significantly higher than the industry average of 57.03%, 55.33%, and 54.83% [3][4] - Suike Intelligent's business scale and net asset size are relatively small, relying heavily on operational accumulation and supplier credit management, with a high level of inventory and contract liabilities due to rapid project growth [4][5]