Core Viewpoint - Jin Chun Co., Ltd. plans to acquire 51% of Anhui Jin Sheng Yuan Material Technology Co., Ltd. for a cash consideration of 51.918 million yuan, marking a strategic move into the automotive industry chain from a non-woven fabric supplier to a downstream player [1] Company Summary - The acquisition will allow Jin Chun to consolidate Jin Sheng Yuan into its financial statements as a subsidiary, enhancing its position in the automotive materials market [1] - Jin Sheng Yuan, a subsidiary of Jin Rui Investment Group, focuses on the development and production of automotive-grade protective products, complementing Jin Chun's existing non-woven fabric offerings [1] - Jin Sheng Yuan's main product is specialized protective car covers, which are applicable to various parts of vehicles, indicating a potential for collaboration in lightweight automotive materials [1] Industry Summary - The Chinese automotive industry is poised for growth, with a target of approximately 32.3 million vehicle sales in 2025, representing a 3% year-on-year increase, and a significant focus on new energy vehicles [2] - The automotive sector is a key pillar of the national economy, with a long supply chain and strong growth potential, particularly for upstream material suppliers [2] - Jin Sheng Yuan has demonstrated profitability, with projected revenues of approximately 71.1 million yuan for 2024 and 23.2 million yuan for the first eight months of 2025, alongside net profits of about 8.5 million yuan and 4.7 million yuan respectively [2] - The profit commitments from the transaction parties for Jin Sheng Yuan are set at no less than 7 million yuan, 12 million yuan, and 13 million yuan for the years 2025, 2026, and 2027, respectively, totaling a minimum of 32 million yuan [2]

Group 1 - The core point of the article is that Jin Chun Co., Ltd. plans to acquire 51% of Anhui Jin Sheng Yuan Material Technology Co., Ltd. for a cash consideration of 51.918 million yuan, which will make Jin Sheng Yuan a subsidiary of Jin Chun and included in its consolidated financial statements [1] - Jin Sheng Yuan specializes in the research, production, and sales of automotive-grade protective products, primarily offering customized surface protection solutions for automotive manufacturers [1][2] - The financial data indicates that Jin Sheng Yuan achieved revenues of approximately 71.1083 million yuan in 2024 and 23.1661 million yuan from January to August 2025, with net profits of about 8.4769 million yuan and 4.7058 million yuan for the same periods, respectively [1] Group 2 - The acquisition allows Jin Chun to quickly enter the automotive supply chain market, extending its operations from non-woven fabric materials to downstream sectors [2] - The company aims to leverage Jin Sheng Yuan's strong customer base in the automotive industry to enhance its product offerings and improve its competitive advantage in the non-woven materials sector [2] - On October 24, Jin Chun's stock rose by 5.47%, closing at 31.61 yuan per share, with a total market capitalization of 3.793 billion yuan [3]