12月19日晚间，秦安股份（603758）发布公告称，公司通过全资子公司重庆陆岭山溪企业管理有限公司 (以下简称"陆岭山溪")以现金约8.85亿元收购安徽亦高光电科技有限责任公司(以下简称"亦高光电")99% 股权的交割工作已完成，陆岭山溪成为亦高光电的控股股东，持股比例为99%。 随着工商变更登记的完成并换发《营业执照》，亦高光电正式成为秦安股份的控股公司，纳入上市公司 合并报表范围。 资料显示，亦高光电是一家专注于高端真空镀膜的国家级高新技术企业、安徽省专精特新企业。公司在 高端真空镀膜领域技术领先，其超硬镀膜已应用于国内消费电子头部品牌高端手机、穿戴设备系列，并 加速向全系列手机、智能穿戴设备和高端平板电脑等领域渗透；其AR镀膜已应用于多款智能汽车车载 显示系统，为智能座舱提供光学解决方案。此外，公司还布局电致变色镀膜技术，业务前景广阔。 财务数据方面，亦高光电呈现出快速增长态势。数据显示，2023年、2024年及2025年1—5月公司的净利 润分别为2992.45万元、6710.23万元和1949.70万元。本次交易中，饶亦然等业绩承诺方承诺，亦高光电 2025年至2027年累计实现净利润不低于2.4 ...

Core Viewpoint - Qin'an Co., Ltd. aims to expand its industrial footprint through the acquisition of 99% equity in Anhui Yigao Optoelectronics Technology Co., Ltd. for a cash consideration of 885 million yuan, marking a high-premium acquisition with a valuation increase rate of 289.91% [1][3] Acquisition Details - The acquisition is structured as a cash payment for 99% equity of Yigao Optoelectronics, with a total transaction price of 885 million yuan [1][3] - The valuation of the target company is approximately 959 million yuan, with an assessed increase of about 713 million yuan [3] - The transaction involves differentiated pricing based on various factors, including initial investment costs and performance commitments [4] Strategic Intent - The acquisition is intended to create a dual-driven development model combining "automotive parts manufacturing" and "vacuum coating," establishing a "second growth curve" for the company [1][5] - The target company is positioned in the high-end vacuum coating sector, with applications in consumer electronics and automotive displays, aligning with industry trends towards electric and intelligent vehicles [5] Financial Performance - Yigao Optoelectronics has shown profitability, with revenues of 223 million yuan in 2024 and 66.34 million yuan in the first five months of 2025, alongside net profits of 65.94 million yuan and 17.18 million yuan respectively [6] - The shareholders of Yigao Optoelectronics have committed to achieving a cumulative net profit of no less than 240 million yuan over three years from 2025 to 2027 [6] Company Background - Qin'an Co., Ltd. specializes in manufacturing core components for automotive engines and transmissions, but has faced operational challenges in recent years, with fluctuating net profits [7] - The company reported a net profit of 173 million yuan in 2024, a year-on-year decline of 33.70%, and a revenue drop of 16.89% in the first three quarters of 2025 [7] - As of September 2025, the company maintains a low debt ratio of 11.22% and has sufficient cash flow of 1.051 billion yuan to support its strategic initiatives [2][7]

Core Viewpoint - Qin'an Co., Ltd. plans to acquire 99% equity of Anhui Yigao Optoelectronics Technology Co., Ltd. for RMB 884.63 million, marking a strategic move into the high-end vacuum coating sector [2][4] Group 1: Transaction Details - The acquisition will be conducted through Qin'an's wholly-owned subsidiary, Chongqing Luling Mountain Stream Enterprise Management Co., Ltd. [2] - The transaction involves 12 existing shareholders of Yigao Optoelectronics, with performance commitments to achieve a cumulative net profit of no less than RMB 240 million over three years [2][3] - The transaction price is based on an asset evaluation report, with Yigao's total equity value assessed at RMB 959.4 million, reflecting an appreciation of RMB 713.34 million and a growth rate of 289.91% [3] Group 2: Company Profile - Yigao Optoelectronics is a national high-tech enterprise specializing in high-end vacuum coating, with products used in high-end mobile phones, smart wearable devices, and automotive display systems [3] - In 2024, Yigao is projected to achieve revenue of RMB 222.58 million and a net profit of RMB 65.94 million [3] Group 3: Strategic Implications - Post-acquisition, Yigao will become a subsidiary of Qin'an, contributing to the company's strategy of "external expansion and innovative development" [4] - The acquisition aims to create a dual-driven business model combining "automotive parts manufacturing" and "vacuum coating," enhancing market competitiveness through resource and technology synergies [4]

Core Viewpoint - Qin'an Co., Ltd. plans to acquire 99% equity of Yigao Optoelectronics for a total cash consideration of RMB 884.6264 million, aiming to enhance its product matrix and market competitiveness through this strategic acquisition [1][2]. Group 1: Transaction Details - The acquisition involves Qin'an's wholly-owned subsidiary, Luling Shanxi, which will pay cash for the equity stake in Yigao Optoelectronics [1]. - The transaction sets a performance commitment, with the target company required to achieve a cumulative net profit of no less than RMB 240 million over the years 2025, 2026, and 2027 [1]. Group 2: Strategic Implications - Yigao Optoelectronics is a leader in high-end vacuum coating technology, with applications in consumer electronics and automotive sectors, indicating a strong growth potential [2]. - The acquisition aligns with the company's strategy of "external development and long-term expansion," aiming to create a dual-driven growth model by integrating its automotive parts business with Yigao's vacuum coating products [2]. - Post-acquisition, the company plans to leverage synergies in customer resources, sales channels, brand building, and technology research and development to enhance market competitiveness [2].

Group 1 - The company Qin'an Co., Ltd. plans to acquire 99% equity of Anhui Yigao Optoelectronics Technology Co., Ltd. for a cash consideration of 885 million yuan [1] - Following the acquisition, Yigao Optoelectronics will become a subsidiary and be included in the consolidated financial statements of Qin'an [1] - Yigao Optoelectronics is a leader in the high-end vacuum coating sector, with its ultra-hard coatings already applied in high-end smartphones and wearable devices from leading domestic consumer electronics brands [1] Group 2 - The company is expanding its technology applications into a full range of smartphones, smart wearable devices, and high-end tablets [1] - Its AR coating technology has been utilized in several smart automotive display systems, providing optical solutions for intelligent cockpits [1] - The transaction includes performance commitments, with the target company promising to achieve a cumulative net profit of no less than 240 million yuan from 2025 to 2027 [1]

Core Viewpoint - Qin'an Co., Ltd. plans to acquire 99% equity of Yigao Optoelectronics for a cash consideration of RMB 884.6264 million, aiming to enhance its product matrix and market competitiveness through this strategic move [1][2]. Group 1: Transaction Details - The acquisition involves Qin'an Co., Ltd. and its wholly-owned subsidiary Luling Mountain Stream signing a transaction agreement with multiple parties [1]. - The total transaction amount is RMB 884.6264 million, and Yigao Optoelectronics will become a subsidiary included in the consolidated financial statements post-transaction [1]. - The transaction includes performance commitments, with the target company expected to achieve a cumulative net profit of no less than RMB 240 million over the years 2025, 2026, and 2027 [1]. Group 2: Strategic Implications - Yigao Optoelectronics is a leader in high-end vacuum coating technology, with applications in consumer electronics, automotive displays, and emerging technologies like electrochromic coatings [2]. - The acquisition aligns with the company's strategy of "external development and long-term expansion," aiming to create a "second growth curve" by integrating its automotive parts business with Yigao's vacuum coating products [2]. - Post-acquisition, the company plans to leverage synergies in customer resources, sales channels, brand building, and technology research and development to enhance market competitiveness [2].