Core Viewpoint - Jin Chun Co., Ltd. plans to acquire 51% of Anhui Jin Sheng Yuan Material Technology Co., Ltd. for a cash consideration of 51.918 million yuan, marking a strategic move into the automotive industry chain from a non-woven fabric supplier to a downstream player [1] Company Summary - The acquisition will allow Jin Chun to consolidate Jin Sheng Yuan into its financial statements as a subsidiary, enhancing its position in the automotive materials market [1] - Jin Sheng Yuan, a subsidiary of Jin Rui Investment Group, focuses on the development and production of automotive-grade protective products, complementing Jin Chun's existing non-woven fabric offerings [1] - Jin Sheng Yuan's main product is specialized protective car covers, which are applicable to various parts of vehicles, indicating a potential for collaboration in lightweight automotive materials [1] Industry Summary - The Chinese automotive industry is poised for growth, with a target of approximately 32.3 million vehicle sales in 2025, representing a 3% year-on-year increase, and a significant focus on new energy vehicles [2] - The automotive sector is a key pillar of the national economy, with a long supply chain and strong growth potential, particularly for upstream material suppliers [2] - Jin Sheng Yuan has demonstrated profitability, with projected revenues of approximately 71.1 million yuan for 2024 and 23.2 million yuan for the first eight months of 2025, alongside net profits of about 8.5 million yuan and 4.7 million yuan respectively [2] - The profit commitments from the transaction parties for Jin Sheng Yuan are set at no less than 7 million yuan, 12 million yuan, and 13 million yuan for the years 2025, 2026, and 2027, respectively, totaling a minimum of 32 million yuan [2]

金春股份公告，公司拟以支付现金的方式收购安徽金圣源材料科技有限公司51.00%的股权，交易作价 为5191.8万元。本次交易完成后，金圣源纳入公司合并报表范围，成为公司的控股子公司。金圣源主要 从事车规级防护产品的研发、生产及销售，标的公司属于上市公司的产业下游。非织造布材料系标的公 司主要原材料之一，公司作为国内规模较大且产品性能优良的非织造材料制造企业，本次交易前，公司 为标的公司主要供应商之一。 ...