每日经济新闻消息，近日，扬杰科技（300373.SZ）发布关于现金收购贝特电子100%股权暨关联交易的公 告。 扬杰科技拟支付现金购买东莞市贝特电子科技股份有限公司（以下简称"贝特电子"或"标的公司"）100%股 权（以下简称"本次交易"），本次交易以符合《中华人民共和国证券法》规定的评估机构出具的权益评估 价值为定价参考，最终确定整体转让价格为人民币221,800万元。本次交易完成后，贝特电子将成为上市公 司的全资子公司。 本次交易未构成重大资产重组。本次交易构成关联交易。本次交易事项尚需提交股东大会审议通过后实 施，关联股东在股东大会上对相关议案回避表决。 本次交易标的公司股东全部权益在评估基准日的评估价值为222,000.00万元，与母公司报表口径中股东全 部权益账面价值59,924.80万元相比，评估增值162,075.20万元，增值率为270.46%；与合并报表口径归属于 母公司的股东权益账面价值57,980.33万元相比，评估增值164,019.67万元，增值率为282.89%。 值得注意的是，本次交易设立了高额的业绩对赌条款。业绩承诺方承诺2025年~2027年贝特电子应实现的 合并报表口径下扣 ...

Core Viewpoint - The article discusses the recent acquisition of Better Electronics by Yangjie Technology, highlighting the ongoing trend of mergers and acquisitions in the A-share market, where companies are seeking growth through strategic acquisitions rather than IPOs [5][14]. Group 1: Acquisition Details - Yangjie Technology announced the acquisition of Better Electronics for approximately 2.218 billion yuan, with Better Electronics becoming a wholly-owned subsidiary post-transaction [7]. - Better Electronics, established in 2003, specializes in power electronic protection components, serving clients like Midea, Gree, and BYD, and has shown strong performance due to growth in the new energy and smart home sectors [7][8]. - The performance commitment for Better Electronics post-acquisition includes a net profit of no less than 5.55 billion yuan from 2025 to 2027 [7]. Group 2: Company Background - Yangjie Technology, led by Liang Qin, has transformed from a small trading company into a vertically integrated manufacturer in the semiconductor industry, with a current market value of approximately 360 billion yuan [10][12]. - Liang Qin, known as the "Iron Lady," has a background in electrical technology and has been pivotal in the company's growth, including significant investments in production capabilities during economic downturns [10][11]. Group 3: Market Trends - The article notes a significant increase in merger and acquisition activities, with over 1,502 listed companies disclosing 2,000 M&A-related announcements in the first half of the year, totaling over 1.4 trillion yuan [15]. - The trend of companies opting for acquisitions instead of pursuing IPOs is becoming more common, as seen with other companies like Himalaya and Hupu, which have also turned to M&A after failed IPO attempts [14][15]. - The current M&A market is characterized by flexible valuation approaches, as traditional metrics like price-to-earnings ratios may hinder potential deals [15].

近日，扬杰科技（300373.SZ）发布关于现金收购贝特电子100%股权暨关联交易的公告。 扬杰科技拟支付现金购买东莞市贝特电子科技股份有限公司（以下简称"贝特电子"或"标的公司"）100%股权（以下简称"本次交易"），本次交易以符合 《证券法》规定的评估机构出具的权益评估价值为定价参考，最终确定整体转让价格为人民币221,800万元。本次交易完成后，贝特电子将成为上市公司 的全资子公司。 本次交易未构成重大资产重组。本次交易构成关联交易。本次交易事项尚须提交股东大会审议通过后实施，关联股东在股东大会上对相关议案回避表决。 本次交易标的公司股东全部权益在评估基准日的评估价值222,000.00万元，与母公司报表口径中股东全部权益账面价值59,924.80万元相比，评估增值 162,075.20万元，增值率为270.46%；与合并报表口径归属于母公司的股东权益账面价值57,980.33万元相比，评估增值164,019.67万元，增值率为 282.89%。 值得注意的是，本次交易设立了高额的业绩对赌条款。业绩承诺方承诺2025年~2027年贝特电子应实现的合并报表口径下扣非归母净利润合计不低于5.55 亿元。 业 ...

Core Viewpoint - Yangjie Technology (300373.SZ) announced the acquisition of 100% equity of Dongguan Better Electronics Technology Co., Ltd. for RMB 2.218 billion, which will enhance its position in the power electronics sector and create synergies in product offerings and market reach [1][2]. Group 1: Acquisition Details - The acquisition price for Better Electronics is set at RMB 2.218 billion, and it will become a wholly-owned subsidiary of Yangjie Technology upon completion [1]. - Better Electronics specializes in power electronic protection components, with applications in automotive electronics, photovoltaics, and energy storage, serving major clients like Midea, Gree, and BYD [1]. - The shareholders of Better Electronics have signed a "unanimous action agreement," holding a combined 39.35% of the company's shares, with no controlling shareholder [1]. Group 2: Financial Performance - Better Electronics reported a revenue of RMB 837 million and a net profit of RMB 148 million for 2024, with a net profit of RMB 41.13 million in Q1 2025 [1]. - As of March 2024, Better Electronics had total assets of RMB 1.024 billion and equity of RMB 590 million [1]. Group 3: Valuation and Performance Metrics - The valuation of Better Electronics at the assessment date (March 31, 2025) is RMB 2.22 billion, representing a 270.46% premium over the book value of equity [2]. - The acquisition includes performance commitments, with a target net profit of no less than RMB 555 million from 2025 to 2027 [2]. Group 4: Strategic Implications - Yangjie Technology views the acquisition as a strategic move to enhance its product offerings in power electronics, creating synergies in product categories, technology development, and customer channels [2]. - The company aims to strengthen its competitive position in the power electronics industry through this acquisition [2]. Group 5: Company Performance - Yangjie Technology achieved a revenue of RMB 6.033 billion in 2024, a year-on-year increase of 11.53%, with a net profit of RMB 1.002 billion, up 8.50% [3]. - In the first half of 2025, the company reported a revenue of RMB 3.455 billion, a 20.58% increase year-on-year, and a net profit of RMB 601 million, up 41.55% [3]. - The stock price of Yangjie Technology has increased by 51.23% year-to-date, reflecting strong market performance [3].