人民财讯1月7日电，渤海汽车（600960）1月7日公告，公司拟通过发行股份及支付现金的方式购买北京 海纳川汽车部件股份有限公司持有的北京北汽模塑科技（000700）有限公司51%股权股权、海纳川安道 拓(廊坊)座椅有限公司51%股权、英纳法智联科技(北京)有限公司100%股权、廊坊莱尼线束系统有限公 司50%股权，合计交易价格27.28亿元。同时拟向不超过35名(含)符合条件的特定对象发行股份募集配套 资金不超过13.79亿元，用于本次交易现金对价、汽车保险杠产线设备更新项目、智能车载通讯及控制 终端系统产能建设项目、研发和试验能力建设项目、中介机构费用及相关税费、补充流动资金等。 ...

Core Viewpoint - Bohai Automotive plans to acquire stakes in four companies from Hainachuan for a total estimated transaction price of 2.728 billion yuan, while also raising up to 1.379 billion yuan through a share issuance to specific investors [1][3][8] Acquisition Details - The acquisition includes 51% of Beiqi Moulding, 51% of Langfang Andautuo, 100% of Zhili Technology, and 50% of Langfang Leini Wiring Harness [1][3] - The estimated valuations for the acquired companies are based on 2024 audited financial data, industry average P/E ratios, and performance commitments [6] - Specific transaction prices include 1.523 billion yuan for Beiqi Moulding (P/E of approximately 6.3), 489 million yuan for Langfang Andautuo (P/E of about 11), 176 million yuan for Zhili Technology (despite a projected loss), and 540 million yuan for Langfang Leini Wiring Harness (P/E of 3.7) [6] Performance Commitments - The acquired companies have set performance commitments for the years 2025-2028, with total net profit commitments of no less than 3.48 billion yuan for Beiqi Moulding, 3.46 billion yuan for Langfang Andautuo, and 3.71 billion yuan for Langfang Leini Wiring Harness [7] Fundraising Purpose - The fundraising of up to 1.379 billion yuan will be used for cash payment for the acquisition, updating production equipment, capacity construction for smart vehicle communication systems, R&D projects, intermediary fees, and to supplement working capital [8][9] - Notably, over 50% of the raised funds will be allocated to alleviate liquidity pressure [9] Financial Context - Bohai Automotive has been experiencing continuous losses since 2021, with reported revenues of 4.415 billion yuan in 2021, 4.102 billion yuan in 2022, and 4.670 billion yuan in 2023, alongside net losses [11] - As of June 2023, the company had cash reserves of only 610 million yuan, with short-term borrowings of 1.243 billion yuan and long-term borrowings of 227 million yuan [13]