长江商报消息●长江商报记者 徐佳 借资产并购进军PCB领域，民爆光电（301362.SZ）成为市场追捧焦点。 日前，民爆光电公布对外收购计划，拟通过发行股份的方式收购厦门厦芝精密科技有限公司（以下简 称"厦芝精密"）49%股权，并募集配套资金。同时，上市公司将以现金收购厦芝精密51%股权，该现金 交易与发行股份购买资产不互为前提。 两笔交易完成之后，民爆光电将合计持有厦芝精密100%股权，厦芝精密将成为上市公司全资子公司， 民爆光电的主营业务将延伸至PCB钻针领域。 在当前AI产业爆发增长的背景下实施并购，民爆光电将加速战略转型，分享AI产业及PCB钻针行业发展 带来的成长红利。 数据显示，2025年，厦芝精密实现营业收入1.35亿元，净利润1127.37万元。截至2025年末，厦芝精密资 产总额1.53亿元，所有者权益3965.18万元。 上述现金收购中，标的资产的转让对价预计不超过2.5亿元。以此粗略计算，厦芝精密100%股权的对价 或将达4.9亿元。 二级市场上，发布收购方案后，民爆光电已连收三个涨停板。截至2月4日收盘，报77.74元/股，较停牌 前一个交易日收盘价累计已上涨72.8%。 "两步走"全 ...

转自：中国证券报·中证网 中证报中证网讯（记者 齐金钊）日前，民爆光电公告，公司拟现金收购厦芝精密51%股权，同时拟通 过发行股份的方式向厦门麦达购买厦芝精密49%股权并募集配套资金。 据悉，厦芝精密战略定位于高端PCB钻针市场，凭借持续的工艺创新与稳定的产品质量，赢得全球知名 PCB制造商认可。合作客户涵盖深南电路、奥特斯（AT&S）、胜宏科技、华通电脑、健鼎科技、沪电 股份、景旺电子、日本名幸电子等国内外龙头企业，客户粘性强。作为业内少数能实现AI服务器板用 钻针、高端载板极小径钻针批量稳定供应的厂商，已跻身核心客户供应链并开展联合开发，深度绑定高 景气赛道需求。 业内人士表示，PCB行业实行严格的"合格供应商认证制度"，需通过管理体系、质量控制、现场审核等 多维度考核，合作一旦建立便形成长期稳定粘性。厦芝精密是国内少数具备50倍径钻针量产能力的企 业，率先切入AI服务器板钻针领域，与胜宏科技、深南电路、景旺电子等头部客户建立稳定合作，先 发优势显著，技术与客户壁垒难以被竞争对手突破。 PCB钻针作为印制电路板制造的核心耗材，其市场需求与电子产业技术迭代深度绑定。随着AI服务器、 5G通讯、汽车电子等高端 ...

Core Viewpoint - Minbao Optoelectronics (301362.SZ) resumed trading with a price increase of 20.01%, reaching 53.98 yuan, and a total market capitalization of 5.65 billion yuan, following the announcement of a share issuance to acquire 49% of Xiamen Xazhi Precision Technology Co., Ltd. and a cash purchase of 51% of the same company [1][2]. Group 1: Transaction Details - The company plans to issue shares to acquire 49% of Xiamen Xazhi Precision and will also make a cash purchase for 51% of the same company, with the final transaction price based on an evaluation report [1][2]. - The share issuance for raising matching funds will not exceed 100% of the transaction price and will involve issuing no more than 30% of the company's total shares before the issuance [1][2]. - The funds raised will be used for intermediary fees and project construction of the target company, with specific amounts disclosed in the restructuring report [2]. Group 2: Financial Performance - Xiamen Xazhi Precision's projected revenues for 2024 and 2025 are 124.95 million yuan and 135.18 million yuan, respectively, with net profits of 9.27 million yuan and 11.27 million yuan [4]. - Minbao Optoelectronics reported a revenue of 1.64 billion yuan in 2024, a year-on-year increase of 7.35%, and a net profit of 231 million yuan, reflecting a slight increase of 0.17% [5]. - For the first three quarters of 2025, the company reported revenues of 1.23 billion yuan, a decrease of 0.04%, and a net profit of 150 million yuan, down 19.75% year-on-year [6].

Core Viewpoint - Shenzhen Minbao Optoelectronics Co., Ltd. plans to acquire a 51% stake in Xiamen Xazhi Precision Technology Co., Ltd. for cash and will issue shares to purchase the remaining 49% stake, aiming to expand into the high-end PCB drill bit market and enhance its strategic transformation [1][5][9] Group 1: Company Overview - Minbao Optoelectronics is engaged in the research, design, manufacturing, sales, and service of LED green lighting products, covering commercial, industrial, and special lighting sectors [2] - Xiamen Xazhi Precision focuses on the research, production, and sales of micro drill bits, serving global PCB leading clients with specialized micro-hole processing technology solutions [3] Group 2: Market Potential - The global PCB drill bit market is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2024, with an expected increase to 15.0% CAGR from 2024 to 2029, potentially exceeding 9.1 billion yuan by 2029 [8] - The demand for high-end coated drill bits is driven by the increasing complexity of PCB products in AI servers, 5G communications, and automotive electronics [7] Group 3: Strategic Implications - The acquisition aligns with Minbao Optoelectronics' strategy of "internal growth + external mergers," providing a stable growth engine and enhancing overall profitability and cyclical resilience [9] - The collaboration between the two companies is expected to create synergistic effects, accelerating the growth of Xazhi Precision while opening new opportunities for Minbao Optoelectronics in the lighting electronics sector [10]

民爆光电1月30日晚间公告称，公司拟以现金方式收购厦门麦达持有的厦芝精密51%的股权。同时，拟 通过发行股份的方式向厦门麦达购买厦芝精密49%股权，并募集配套资金。 公告显示，公司股票将于2月2日（星期一）开市起复牌。此前，民爆光电已于1月19日开市起停牌。 本次交易完成后，公司将成为厦芝精密的控股股东，厦芝精密将成为公司的控股子公司，纳入公司合并 报表范围。公司业务将拓展至高端领域专用PCB钻针领域。 1月23日，厦门麦达将其所持江西麦达100%的股权转让给厦芝精密，股权转让后江西麦达成为厦芝精密 的全资子公司，公司1月19日停牌公告披露的原标的公司为厦芝精密和江西麦达，上述股权转让后标的 公司变更为厦芝精密，本次交易标的公司未发生实质性变化。 Wind数据显示，民爆光电停牌前最后一个交易日（1月16日），公司股价收报44.98元/股，最新市值为 47亿元。 厦芝精密聚焦微型钻针的研发、生产与销售，深耕PCB制造核心耗材领域，为全球PCB龙头客户提供专 业的微孔加工技术解决方案；核心产品为PCB、FPC、IC载板以及AI PCB加工用钨钢微钻，尺寸覆盖 0.09mm-0.35mm，尤其擅长0.2mm以下极小 ...

民爆光电（301362）1月30日晚间公告称，公司拟以现金方式收购厦门麦达持有的厦芝精密51%的股 权。同时，拟通过发行股份的方式向厦门麦达购买厦芝精密49%股权，并募集配套资金。 本次募集配套资金拟用于支付本次交易的中介机构费用、厦芝精密的项目建设等，募集配套资金具体用 途及金额将在重组报告书中予以披露。在本次配套募集资金到位之前，公司若根据实际情况自筹资金先 行支出，在配套募集资金到位后，将使用配套募集资金置换已支出的自筹资金。 本次交易完成后，公司将成为厦芝精密的控股股东，厦芝精密将成为公司的控股子公司，纳入公司合并 报表范围。公司业务将拓展至高端领域专用PCB钻针领域。 1月23日，厦门麦达将其所持江西麦达100%的股权转让给厦芝精密，股权转让后江西麦达成为厦芝精密 的全资子公司，公司1月19日停牌公告披露的原标的公司为厦芝精密和江西麦达，上述股权转让后标的 公司变更为厦芝精密，本次交易标的公司未发生实质性变化。 图片来源：公司公告 公告显示，公司股票将于2月2日（星期一）开市起复牌。此前，民爆光电已于1月19日开市起停牌。 Wind数据显示，民爆光电停牌前最后一个交易日（1月16日），公司股价收报4 ...

PCB钻针作为印制电路板制造的核心耗材，其市场需求与电子产业技术迭代深度绑定。随着AI服务器、 5G通信、汽车电子等高端应用场景的爆发，PCB产品正朝着多层数、高密度、高精度方向升级，对钻 针的耐用性、稳定性与一致性提出了高要求。尤其是AI服务器，因集成高性能GPU、高速内存及液冷 系统，使得PCB板材硬度更高、钻孔难度更大，直接推动高端涂层钻针成为市场刚需。 本报讯 （记者王镜茹） 1月30日晚，深圳民爆光电股份有限公司（以下简称"民爆光电"）公告，公司拟现金收购厦门厦芝精密 科技有限公司（以下简称"厦芝精密"）51%股权，同时拟通过发行股份的方式购买厦芝精密49%股权并 募集配套资金。 本次交易前，民爆光电主要从事LED绿色照明灯具产品的研发、设计、制造、销售及服务，包括商业照 明、工业照明和特种照明三大板块。 厦芝精密聚焦微型钻针的研发、生产与销售，深耕PCB制造核心耗材领域，为全球PCB龙头客户提供专 业的微孔加工技术解决方案，其核心产品为PCB、FPC、IC载板以及AIPCB加工用钨钢微钻，尺寸覆盖 0.09mm至0.35mm，尤其擅长0.20mm以下极小径微钻的研发与制造，技术储备与工艺水平处于行 ...

Group 1 - The core point of the article is that Minbao Optoelectronics plans to acquire 51% of Xiamen Xizhi Precision Technology Co., Ltd., marking its entry into the PCB industry, which is currently experiencing significant growth [2][6] - The acquisition will allow Minbao Optoelectronics to become the controlling shareholder of Xizhi Precision, which specializes in the research, production, and sales of micro-drilling tools for PCB manufacturing [2][3] - The company aims to diversify its business and break its growth stagnation by expanding into the high-end PCB drill bit market, which is expected to have higher technical value and growth potential compared to its current LED lighting business [6][3] Group 2 - Minbao Optoelectronics has faced declining revenue and profit in recent years, with projected revenues of 14.65 billion, 15.29 billion, and 16.41 billion yuan from 2022 to 2024, and net profits of 2.45 billion, 2.30 billion, and 2.31 billion yuan respectively [3][6] - The company reported a slight revenue decline of 0.04% year-on-year in the first three quarters of 2025, with a net profit decrease of 19.75% [3][6] - The PCB drill bit market is driven by high-demand sectors such as communication, data centers, new energy vehicles, and AI servers, which require advanced PCB designs and materials, thus increasing the demand for specialized drilling tools [6][3]

Core Viewpoint - Minbao Optoelectronics plans to acquire 51% equity of Xiamen Xazhi Precision Technology Co., Ltd. in cash, which will make it the controlling shareholder of the company and expand its business into the high-end PCB drill bit sector, facilitating strategic transformation [1] Group 1: Company Overview - Minbao Optoelectronics primarily engages in the research, design, manufacturing, sales, and service of LED green lighting products [1] - Xiamen Xazhi Precision focuses on the research, production, and sales of micro drill bits, specializing in core consumables for PCB manufacturing [1] Group 2: Transaction Details - The acquisition will allow Minbao Optoelectronics to enter the specialized PCB drill bit market, enhancing its business portfolio [1] - Following the completion of the transaction, Xiamen Xazhi Precision will become a subsidiary of Minbao Optoelectronics [1] Group 3: Stock Information - Minbao Optoelectronics' stock will resume trading on February 2, 2026, following the application to the Shenzhen Stock Exchange [1]

Core Viewpoint - Minexplosion Optoelectronics is planning to acquire 100% of the shares of Xiamen XZ Precision Technology Co., Ltd. and Jiangxi Maida Intelligent Technology Co., Ltd. from Xiamen Maida, and is in the process of raising matching funds for this acquisition [2][5]. Group 1: Acquisition Details - The acquisition involves issuing shares and cash payments, with a signed letter of intent between Minexplosion Optoelectronics and Xiamen Maida [2]. - The transaction is currently in the planning stage, and no formal agreement has been signed yet, indicating uncertainty in the finalization of the deal [2]. - The acquisition requires internal decision-making processes and approval from regulatory authorities, which adds to the uncertainty of the transaction [2]. Group 2: Target Companies - Xiamen XZ Precision Technology Co., Ltd. focuses on the research, production, and sales of micro-drilling needles, serving major global PCB manufacturers with specialized micro-hole processing technology solutions [5]. - The core product of Xiamen XZ Precision includes tungsten micro-drills for PCB, FPC, IC substrates, and AI PCB processing, with sizes ranging from 0.09mm to 0.35mm, particularly excelling in micro-drills below 0.20mm [5]. - Jiangxi Maida Intelligent Technology Co., Ltd. also operates in the field of artificial intelligence application software development and metal processing machinery manufacturing [6]. Group 3: Company Background - Minexplosion Optoelectronics is a national-level specialized and innovative "little giant" enterprise engaged in the R&D, production, and sales of LED green lighting products, with business segments in commercial and industrial lighting [7]. - The company has expanded into areas such as plant lighting, emergency lighting, explosion-proof lighting, and beauty lighting in recent years [7]. - For the first three quarters of 2025, Minexplosion Optoelectronics reported total revenue of 1.23 billion yuan, a slight decrease of 0.04% year-on-year, and a net profit attributable to shareholders of 150 million yuan, down 19.75% year-on-year [7].