公司表示，本次收购符合战略发展规划，有助于整合华泽电子在智能汽车座舱领域的技术与客户资源， 形成"智能遥控器+智能家居控制器+智能汽车座舱产品"的多元化业务结构，降低单一业务依赖风险。 中证报中证网讯(王珞)11月19日，辰奕智能（301578）发布公告称，公司与东莞市华泽电子科技有限公 司(以下简称"华泽电子")股东签署《股权收购框架协议》，拟以现金方式收购华泽电子55%的股权。交 易完成后，华泽电子将成为公司控股子公司。 公告显示，标的公司华泽电子成立于2010年，注册资本3000万元，主要产品有车载通信/语音识别麦克 风、车载数字麦克风(A2B系统)、汽车主动降噪麦克风(ANC)、胎压传感器、RNC加速度传感器、USB BOX等，广泛应用于汽车智能座舱，下游客户覆盖国内头部汽车厂商。根据框架协议，本次收购暂定 交易价格为标的公司55%股权对应28875万元(基于市盈率10.5倍及暂估净利润测算)，最终价格将以审计 评估结果为准。交易设置业绩承诺：华泽电子2025年至2027年净利润暂定为4700万元、4800万元和5500 万元，累计承诺不低于1.5亿元。若业绩未达约定，将调整交易对价或进行补偿；超额完 ...

格隆汇11月19日丨辰奕智能(301578.SZ)公布，公司拟以现金方式收购东莞市华泽电子科技有限公司 （简称"华泽电子"或"标的公司"）55%的股权。本次交易完成后，华泽电子将成为公司控股子公司。标 的公司主要产品有车载通信/语音识别麦克风、车载数字麦克风（A2B系统）、汽车主动降噪麦克风 （ANC）、胎压传感器、RNC加速度传感器、USBBOX等产品，广泛应用于汽车智能座舱，下游客户 覆盖国内头部汽车厂商。公司目前主营业务为智能遥控器及其他智能控制设备的研发、生产及销售，并 战略布局智能家居、智能汽车座舱等领域的智能控制产品业务。公司智能控制产品在软件算法、结构设 计及材料应用等方面的技术与标的公司具备高度的共通性。同时，公司在智能家居领域的客户与标的公 司在汽车行业领域客户具有高度互补性，可为双方进一步开拓市场提供便捷渠道。本次交易完成后，本 公司主营业务经营范围可能将发生较大调整，新增标的公司的智能汽车座舱控制器业务。 ...

公告显示，标的公司主要产品有车载通信/语音识别麦克风、车载数字麦克风(A2B系统)、汽车主动降噪 麦克风(ANC)、胎压传感器、RNC加速度传感器、USB BOX等产品，广泛应用于汽车智能座舱，下游 客户覆盖国内头部汽车厂商。交易完成后，公司主营业务经营范围可能将发生较大调整，新增标的公司 的智能汽车座舱控制器业务。 辰奕智能（301578）(301578.SZ)公告，公司拟以现金方式收购东莞市华泽电子科技有限公司(简称"华泽 电子")55%的股权。交易完成后，华泽电子将成为公司控股子公司。 ...

智通财经APP讯，辰奕智能(301578.SZ)公告，公司拟以现金方式收购东莞市华泽电子科技有限公司(简 称"华泽电子")55%的股权。交易完成后，华泽电子将成为公司控股子公司。 公告显示，标的公司主要产品有车载通信/语音识别麦克风、车载数字麦克风(A2B系统)、汽车主动降噪 麦克风(ANC)、胎压传感器、RNC加速度传感器、USB BOX等产品，广泛应用于汽车智能座舱，下游 客户覆盖国内头部汽车厂商。交易完成后，公司主营业务经营范围可能将发生较大调整，新增标的公司 的智能汽车座舱控制器业务。 ...

人民财讯11月19日电，辰奕智能（301578）11月19日公告，公司拟以现金方式收购东莞市华泽电子科技 有限公司(简称"华泽电子")55%的股权。交易完成后，华泽电子将成为公司控股子公司。华泽电子主要 产品有车载通信/语音识别麦克风、车载数字麦克风(A2B系统)、汽车主动降噪麦克风(ANC)、胎压传感 器、RNC加速度传感器、USBBOX等产品，广泛应用于汽车智能座舱，下游客户覆盖国内头部汽车厂 商。本次交易完成后，公司主营业务经营范围可能将发生较大调整，新增华泽电子的智能汽车座舱控制 器业务。 ...

Summary of Yuan Zheng Technology Conference Call Company Overview - **Company**: Yuan Zheng Technology - **Period**: First half of 2025 - **Revenue**: 894 million RMB, a year-on-year increase of 10% [2][4] - **Net Profit**: 196 million RMB, a year-on-year increase of 28%, with a net profit margin of 20% [2][6] Key Financial Metrics - **Revenue Adjusted for Deferred Income**: 1.016 billion RMB, a year-on-year increase of 15% [4] - **Total Expenses**: Increased by approximately 50 million RMB, with financial expenses rising by 12 million RMB due to exchange rate losses [8] - **Actual Profit After Adjustments**: Approximately 250 million RMB [9] Product Performance - **Diagnostic Equipment**: - Units shipped: 167,000, a year-on-year increase of 16% [7] - Overseas market growth: 17% [7] - E-commerce channel growth: 30% [2] - **DIY Equipment**: Decreased shipments as the company shifts focus to high-end diagnostic devices [7] - **Tire Pressure Sensors**: 630,000 units shipped, a year-on-year increase of 87% [7] - **Original Products Revenue**: 720 million RMB, a year-on-year increase of 13% with a gross margin of 47% [10] - **OEM Automotive Equipment Revenue**: 100 million RMB, a year-on-year decrease of 15% [10] - **Software Revenue**: 104 million RMB recognized, with an expected total of 144 million RMB if adjusted for deferred income [10] Market Dynamics - **Overseas Revenue**: 750 million RMB, a year-on-year increase of 19%, accounting for 78% of total revenue [15] - **Domestic Revenue**: 210 million RMB, a year-on-year decrease due to reduced OEM equipment orders [15] - **Regional Growth**: North America grew by 23%, while Asia-Pacific and Russian regions grew by 20% [20] Strategic Insights - **Cost Control**: Effective management of expenses with minimal increases in management and R&D costs [8] - **Dividend and Buyback**: Mid-year dividend of 0.31 RMB per share, totaling approximately 130 million RMB, representing 65% of total profit [30] - **Sales Expenses**: Increased to support new product launches, particularly in overseas markets [32] Future Outlook - **2025 Revenue Target**: Expected to reach 2.18 billion RMB, a year-on-year increase of 20% [5][23] - **Software Revenue Projection**: Anticipated to reach close to 200 million RMB in 2026, driven by increased device sales and software upgrade demand [35] - **Remote Diagnosis Service**: Revenue expected to reach 40 million RMB, with significant growth anticipated [37] Risks and Challenges - **Tariff Impact**: The Trump tariffs affected shipping schedules, causing delays and potential revenue loss of several million USD [19] - **Exchange Rate Risks**: Potential impact on financial statements if the RMB appreciates significantly [27] Conclusion Yuan Zheng Technology demonstrated strong performance in the first half of 2025, with significant growth in net profit and effective cost management. The company is strategically focusing on enhancing its software and service offerings while navigating challenges posed by tariffs and exchange rate fluctuations. The outlook for the remainder of the year remains positive, with expectations for continued growth in revenue and profitability.

Core Insights - The article highlights the rise of private enterprises in China's manufacturing sector, which have become industry champions in their respective niches despite being relatively unknown to the public [1] Group 1: Industry Champions - Many private companies have emerged as champions in specific segments of the manufacturing industry, leveraging strong technical capabilities to gain a foothold in international markets [1] - These companies may not be large in scale but have established significant influence through innovation and specialized products [1] Group 2: Case Studies of Success - A private company focused on digital welding production lines for automotive manufacturers has become a leader in this field after 17 years of dedicated research and development [2] - This company faced initial challenges in the U.S. market but turned around its fortunes by investing in laser technology early on, which became a key differentiator [3][4] - The introduction of the "Flexible Magic Robot Island" has significantly improved production efficiency by 50% and reduced labor costs by 80%, showcasing the company's innovative capabilities [4] - A small enterprise in Hangzhou has developed a world-leading sealing material, capturing over 90% of the domestic market share, demonstrating the potential of small firms to innovate and lead [5][7] - Another company, Shanghai Baolong Automotive Technology Co., has grown from producing tire valve stems to becoming the global leader in this niche, with a production capacity of approximately 260 million units annually [9] - This company has established 11 R&D centers and 19 factories globally, indicating a strong international presence and commitment to innovation [10] Group 3: Market Trends and Future Outlook - The growth of these industry champions reflects a broader trend of transformation in China's manufacturing sector, moving from "Made in China" to "Created in China" [10] - The continuous investment in R&D and innovation is identified as the key to success for these companies, positioning them to capture more significant roles in global supply chains [10][11]