FSPG(SZ:000973)2025-06-20 07:48Group 1: Company Overview and Acquisition - Foshan Fospower Technology Group Co., Ltd. is actively pursuing the acquisition of 100% equity in Hebei Jinli New Energy Technology Co., Ltd. (Jinli) [1][2] - The acquisition has been approved by the board and shareholders, with the application documents submitted to the Shenzhen Stock Exchange on June 12, 2025 [2] - Jinli holds a competitive advantage in the lithium battery wet separator market, with an 18% market share in China, ranking second in the industry [2] Group 2: Industry Outlook - The lithium battery separator industry is expected to experience steady growth due to supportive national policies and the global energy transition [3] - The market for energy storage batteries is projected to grow rapidly, while the consumer electronics sector is expected to remain stable [3] - The industry has seen price stabilization since the second half of 2024, with a steady increase in shipment volumes [3] Group 3: Production Capacity and Financial Performance - Jinli's total production capacity reached approximately 5 billion square meters by the end of 2024, with a high capacity utilization rate [4] - In Q4 2024, Jinli's sales increased from 701 million square meters in Q3 to 1.032 billion square meters, accounting for 37.28% of annual sales [4] - For Q1 2025, Jinli's sales exceeded 900 million square meters, significantly higher than the 400 million square meters sold in the same period last year, generating revenue of approximately 871.36 million yuan [4] Group 4: Strategic Importance of the Acquisition - The acquisition of Jinli is aligned with the new policies encouraging mergers and acquisitions to enhance investment value [5] - Post-acquisition, Jinli will benefit from shared R&D resources and improved operational efficiencies [5] - The integration aims to enhance Foshan Fospower's product offerings in the new energy sector and strengthen its position as a leader in polymer functional film materials [5] Group 5: Recent Financial Results - In Q1 2025, Foshan Fospower reported revenue of 512 million yuan, a year-on-year increase of 2.26%, with a net profit of approximately 19.91 million yuan, up 9.98% [6] - The company is focused on enhancing its core competitiveness and brand influence in the new materials sector [6]