作者：光心 2025年11月28日晚，东方精工发布公告称拟以现金交易方式出售所持Fosber集团、Fosber亚洲和Tiruña亚洲三家公司的100%股权。 出品：新浪财经上市公司研究院 值得注意的是，这三家企业是公司瓦楞纸板生产线业务的运营主体，2024年贡献了东方精工近70%的营收。东方精工表示，此次交易是为了进一步深化战略 聚焦，未来公司将大力发展水上动力设备业务，并前瞻性布局新兴产业。 而公司水上动力设备业务目前并未表现出太强的竞争力，营收规模不足头部企业雅马哈的1/20，且毛利率水平远低于公司传统的瓦楞纸包装装备业务，或难 以独当一面。 此外，公司近年积极涉足具身智能领域，考虑此前公司通过跨界收购电池Pack厂，却计提39亿商誉减值后不欢而散的经历，其发展前景还需要审慎看待。 拟出售业务贡献六成营收 水上动力设备业务营利双低 东方精工成立于1996年，并于2011年成功于中小板上市。上市之初，公司业务相对聚焦，99%的营收来自瓦楞纸包装印刷设备。 2014年，公司于战略收购意大利Fosber集团60%股权，并于2017年收购了剩余40%股权，实现全资控股。通过对Fosber的收购，公司的产品生态得以 ...

Group 1: Strategic Focus and Asset Sale - The company aims to optimize resource allocation and focus on domestic development of technology and new productivity businesses by selling certain assets, with a strategic shift towards emerging industries [2][4][7]. - The asset sale is part of the company's commitment to the national "new productivity" strategy and technology transformation, with a focus on high-end intelligent equipment manufacturing [3][5][7]. - The base consideration for the asset sale is €774 million, which will be prudently managed to support the implementation of the technology transformation strategy [8]. Group 2: Business Development and Investment - The company plans to increase investment in its water propulsion equipment business, particularly in the subsidiary Baisheng Power, which has seen a compound annual growth rate (CAGR) of over 20% in revenue and net profit over the past five years [9][10]. - Baisheng Power is positioned to become a world-class supplier of water propulsion equipment, with a focus on developing high-horsepower outboard engines [11]. - The company has made strategic investments in artificial intelligence and robotics, as well as controllable nuclear fusion, to align with national development strategies and explore new growth areas [12][13][15]. Group 3: Market Position and Future Outlook - The global market for outboard engines exceeds $100 billion, with leading brands like Yamaha and Mercury generating significant revenues, highlighting the growth potential for Baisheng Power [10]. - The new manufacturing base in Suzhou is expected to enhance production capacity and support the launch of advanced products, contributing to future sales growth [11]. - The company is committed to enhancing shareholder returns, having distributed over ¥2.1 billion in dividends and share buybacks since its listing [8].