Group 1 - Longdi Group plans to acquire up to 20.1667% of Ningbo Jujia New Material Technology Co., Ltd. for a total price not exceeding 121 million yuan, estimating Ningbo Jujia's total valuation at approximately 600 million yuan [1] - Longdi Group previously acquired 1.37% of Ningbo Jujia for 20 million yuan in 2022, indicating a significant decline in Ningbo Jujia's valuation from approximately 1.46 billion yuan to the current estimate [1] - Ningbo Jujia is currently in a state of significant losses, which is likely a major factor contributing to its decreased valuation [1][5] Group 2 - Ningbo Jujia focuses on the production of LCP (Liquid Crystal Polymer) fibers, films, and resins, and is the only company in the industry with a full-scale production and R&D capability across the entire LCP supply chain [2] - LCP is widely used in critical fields such as aerospace, industrial transport, and high-end cables, highlighting its importance as a high-end specialty engineering material [3] - Longdi Group's main business includes mechanical fans, household air conditioning blades, and composite materials, with a commitment to deepening its involvement in the new materials sector [3] Group 3 - The global LCP materials industry is primarily dominated by companies from the United States and Japan, but Chinese companies like Jinfat Technology, Water Co., and Pulit have rapidly entered the LCP market, increasing their production capacity and application scope [3][4] - Jinfat Technology has an annual production capacity of 33,600 tons for semi-aromatic polyamide, LCP, and PPSU/PES synthetic resins, with a project for 15,000 tons of LCP synthetic resin expected to begin production [4] - Water Co. is advancing a new project to build a 20,000-ton LCP resin production capacity, positioning itself to become the largest global LCP supplier [4] Group 4 - Ningbo Jujia reported revenues of 61.91 million yuan and losses of 46.31 million yuan in 2024, with Q1 revenues of 15.28 million yuan and losses of 609,290 yuan [5] - As of the end of Q1 this year, Ningbo Jujia had total assets of 389 million yuan and net assets of 109 million yuan [5] - Recent exits from Ningbo Jujia's shareholder list by several investment institutions indicate a potential lack of confidence in the company's future performance [6][7]