Core Viewpoint - Lionhead Co., Ltd. (600539.SH) is expected to reduce its net profit loss by 23.36%-38.55% in 2025, while actively seeking strategic transformation opportunities through mergers and acquisitions in the artificial intelligence sector to create a second growth curve [1][9]. Financial Performance - In 2025, Lionhead's revenue is projected to remain stable year-on-year, with a net profit loss expected between -18.2 million to -22.7 million, reflecting a significant reduction in loss [2][10]. - The company anticipates a non-recurring net profit loss of -21.2 million to -25.7 million, indicating a year-on-year reduction of 27.96%-40.57% [2][10]. - The e-commerce business faces challenges due to intensified competition and product homogeneity, with expected revenue between 430 million to 480 million yuan in 2025 [2][10]. Business Strategy and Operations - Lionhead has been focusing on optimizing its existing business structure, particularly in the e-commerce sector, to stabilize sales and gross margins while exploring new market channels [5][14]. - The company has adopted a "focus on core, divest non-core" strategy, planning to sell its water purification business due to ongoing losses, while emphasizing the importance of its e-commerce services as a key growth driver [5][14]. - The company aims to enhance operational efficiency and improve performance steadily in 2026 [3][17]. Mergers and Acquisitions - Lionhead is planning to acquire 97.44% of Lipu Technology for 662.4 million yuan, with the acquisition application accepted by the Shanghai Stock Exchange in September 2025 [7][15]. - Lipu Technology, established in 2012, is recognized as a high-tech enterprise with strong growth in revenue and net profit, achieving a net profit of 33.1 million yuan in 2024, a 37.61% increase year-on-year [7][15]. - The acquisition is expected to position Lionhead in the high-growth industrial machine vision market, projected to grow from 26.83 billion yuan in 2024 to 63.01 billion yuan by 2029, with a compound annual growth rate of 18.62% [8][16].

星标 ★ IPO日报 精彩文章第一时间推送 今年以来，随着宇树科技机器人登台春晚，DeepSeek也火遍全球，智能机器人、AI已经成为当下资本市场最火热的赛道，与此同时，不少企业试图 通过跨界并购"上车"。 近期，狮头股份发布公告称，正在筹划以发行股份及支付现金的方式，购买杭州利珀科技股份有限公司控制权。交易完成后，利珀科技将成为公司控股子 公司。 3月10日，公司股票复牌后，行情大好，连续走出两连板。今日公司股价报收13.09元。 不过，通过梳理狮头股份的发展历程，从净水、物业管理到宠物电商，再到切入机器人赛道，这家成立近30年的公司主线业务似乎仍不清晰，业绩发展一 路以来也波折不断，持续承压。 制图：佘诗婕 一路波折 狮头股份的资本运作轨迹反映出壳资源企业在转型中的典型困境。 成立于1999年的狮头股份，最早由水泥业务起家，原主导产品"狮头牌"水泥曾是享誉国内外的老字号品牌。 公司于2001年在A股上市，成为山西首家水泥行业上市公司。 但在2016年，国内水泥行业面临产能过剩、需求下滑等问题，狮头股份的水泥业务持 续亏损，期间公司也频繁在摘帽和戴帽之间反复纵跳。 证券简称由"ST狮头"变更为"狮头股份"的 ...