Core Viewpoint - Efort (688165) is planning to acquire Shengpu Co., Ltd. through a combination of issuing shares and cash payments, following Shengpu's halted IPO on the ChiNext board over a year ago [2][5] Group 1: Efort's Acquisition Plans - Efort has signed a share acquisition intention agreement to gain control of Shengpu Co., Ltd. through issuing shares and cash payments [2] - The transaction is not expected to constitute a major asset restructuring or related party transaction, and Efort's stock has been suspended from trading since January 27, 2026, for up to 10 trading days [2][4] Group 2: Shengpu Co., Ltd. Overview - Shengpu Co., Ltd. specializes in the research, production, and sales of precision fluid control equipment and core components, with over 90% of its revenue coming from products used in the photovoltaic sector [2][5] - The company faced scrutiny during its IPO application regarding its reliance on major suppliers and the quality of its self-produced components [5] Group 3: Efort's Financial Performance - Efort has projected a net loss of between 450 million to 550 million yuan for 2025, representing an increase in losses of 186.34% to 249.97% year-on-year [5][6] - The decline in Efort's overseas system integration business has been significant, with overall revenue dropping by over 50% and negative gross margins reported [6] Group 4: Transaction Context - The acquisition may create business synergies as both companies operate in the automotive, photovoltaic, and new energy sectors [5] - Shengpu's controlling shareholder, Shanghai Zhijian Industrial Development Co., Ltd., holds a 60.56% stake in the company, with the actual controllers being Fu Jianyi and Liu Yan [7]

Group 1 - The core point of the article is that Evert (688165) plans to acquire shares of Shanghai Shengpu Fluid Equipment Co., Ltd. through a combination of issuing shares and cash payment, with trading suspension starting from January 27 for up to 10 trading days [2] - The transaction is not expected to constitute a major asset restructuring or a related party transaction, as per preliminary assessments [2] - Evert has signed a "Share Purchase Intent Agreement" with the transaction counterparties, aiming to gain control over the target through the proposed share issuance and cash payment [2] Group 2 - Shengpu Fluid specializes in the research, production, and sales of precision fluid control equipment and core components, with applications in new energy and automotive electronics [2] - The company has previously attempted to list on the ChiNext board but withdrew its IPO application on September 28, 2024, after being accepted on June 29, 2022, and passing the review on January 20, 2023 [2] - Evert states that the transaction is still in the planning stage, with no formal agreement signed yet, indicating ongoing discussions and uncertainties regarding the specific transaction plan [2]

Group 1 - The core point of the article is that Evert (688165) is planning to acquire shares of Shanghai Shengpu Fluid Equipment Co., Ltd. through a combination of issuing shares and cash payment, with the stock suspension starting from January 27 and expected to last no more than 10 trading days [1][2] - The transaction is not expected to constitute a major asset restructuring and is also not anticipated to be an associated transaction [1] - Evert has signed a "Share Purchase Intent Agreement" with the transaction counterparties, aiming to gain control of the target through the proposed share issuance and cash payment [1] Group 2 - Shengpu Fluid specializes in the research, production, and sales of precision fluid control equipment and core components, with applications in new energy and automotive electronics [1] - The company's products include equipment for precise fluid delivery, measurement, and coating, such as photovoltaic component frame glue machines and battery cell coating equipment [1] - Shengpu Fluid previously attempted to list on the ChiNext but withdrew its IPO application on September 28, 2024, after being accepted on June 29, 2022, and passing the review on January 20, 2023 [1]