COTRAN(SZ:300731)2024-12-06 11:21Group 1: Company Overview and Financial Performance - Shenzhen Kexin New Materials Co., Ltd. achieved a revenue of 593 million RMB in the first three quarters of 2024, representing a year-on-year growth of 66.06% [2][3] - The company's main business includes polymer materials and thermal management systems, serving sectors such as telecommunications, electricity, new energy, home appliances, automotive, and data centers [2][3] Group 2: Business Development and Product Applications - The polymer materials business is the core of the company, with major clients in the automotive industry, maintaining a high gross margin [3] - The thermal management business is expected to see significant growth in 2024 due to the ramp-up of production lines and increasing demand in new energy vehicles and home appliances [3] Group 3: Acquisition Plans - The company signed a letter of intent for the acquisition of Dongguan Zhaoke, with a valuation of 450 million RMB and a transaction price not exceeding 229.5 million RMB [4][5] - The acquisition aims to enhance the company's control over high polymer materials and expand its application in thermal products, aligning with strategic development goals [5] Group 4: Shareholder Changes - Guangzhou Xingcheng reduced its shareholding to 4.99999%, no longer qualifying as a major shareholder, due to funding needs [6] - The company has not received any further plans from Guangzhou Xingcheng regarding share reduction, and will ensure compliance with disclosure obligations if any plans arise [6]