VT Industries(SZ:300707)2022-11-21 16:04Group 1: Acquisition Considerations - The company plans to acquire 70% of Delingxun through a combination of issuing shares and cash payment, aiming to enhance its capabilities in the new energy power sector [2] - The acquisition is expected to complement the company's existing technology in battery box structure design and thermal management, leveraging Delingxun's strengths in these areas [2] Group 2: Sales Performance of Delingxun - Delingxun's battery pack business revenue grew by 146.30% in 2020 compared to 2019 [3] - As of May 2021, Delingxun's battery pack revenue reached 87.17 million yuan, with a forecasted revenue of 170.20 million yuan for 2021, achieving a completion rate of 51.21% [3] Group 3: Competitive Advantages of Delingxun - Delingxun possesses core technology in battery management systems, enhancing safety, stability, and lifespan of battery packs [3] - The company has established strong relationships with clients, ensuring stable customer retention [3] - The lithium-ion battery market is rapidly growing, driven by global policies and energy transitions, particularly in sectors like shared electric scooters and service robots [3] Group 4: Market Potential for Delingxun's Products - The electric bicycle market is projected to grow significantly, with an estimated increase of 30 million units in Europe and the U.S. over the next 5-10 years, translating to a market size of approximately 80 billion yuan for lithium battery packs [4] - The shared electric scooter market is expected to reach a conservative estimate of 300 billion USD by 2030, with a potential optimistic scenario of 450 billion USD [4] - The mobile robot market is anticipated to exceed 14 billion USD by 2024, with significant growth in both service and AGV robots [4] Group 5: Future Collaboration Post-Acquisition - After the acquisition, the company aims to integrate technologies with Delingxun, focusing on developing competitive products in the new energy power market, particularly in AGV and service robot sectors [4] Group 6: Current Business Performance - The company's mold business is performing well, with a significant increase in revenue from stamping operations, achieving 116 million yuan in the first half of 2021 [5] - The decline in gross margin in the first half of the year is attributed to the implementation of new revenue standards and fluctuations in exchange rates [5]