Core Viewpoint - Bohai Automotive is planning to acquire four companies from its controlling shareholder, Hainachuan, for a total consideration of 27.28 billion yuan, which includes 4.09 billion yuan in cash and the issuance of shares. The company also aims to raise up to 13.79 billion yuan through a private placement to support this acquisition and other projects [1][4][7]. Acquisition Details - The acquisition involves purchasing 51% of Beiqi Moulding, 51% of Langfang Andautuo, 100% of Zhili Technology, and 50% of Langfang Laini Wiring Harness from Hainachuan, with a total transaction price of 27.28 billion yuan [1][4]. - The share issuance component of the transaction will account for 23.19 billion yuan, with an issuance price of 3.44 yuan per share, resulting in the issuance of approximately 674 million shares, representing 41.49% of the post-transaction total share capital [4]. Business Focus of Target Companies - The four target companies specialize in various segments of the automotive parts industry, including plastic automotive decorative parts, automotive seat frames and components, automotive electronic products, and automotive wiring harnesses [4][5]. - All four companies have established stable partnerships with leading automotive manufacturers, including Beijing Benz, Volvo, and new energy vehicle brands like NIO and Li Auto [5]. Financial Performance and Commitments - The projected revenues for the target companies in 2024 are 4.50 billion yuan, 533 million yuan, 10.82 million yuan, and 3.45 billion yuan, with net profits of 478 million yuan, 72.72 million yuan, a loss of 36.11 million yuan, and 290 million yuan, respectively [5]. - Performance commitments have been set for the acquired companies, ensuring minimum net profits over the next three years, with specific targets for each company [5]. Fundraising and Financial Strategy - Bohai Automotive plans to use the raised funds for various purposes, including the cash payment for the acquisition, updating production equipment, and enhancing research and development capabilities, with over 50% of the funds allocated to supplementing working capital [7][9]. - The total investment for the projects funded by the raised capital amounts to approximately 154.31 million yuan, with specific allocations for each project detailed [8]. Operational Challenges - Bohai Automotive has faced significant operational challenges, with a decline in revenue from 4.92 billion yuan in 2019 to an estimated 4.23 billion yuan in 2024, marking five consecutive years of revenue decline [10]. - The company reported a net loss of 1.26 billion yuan in 2024, and its cash flow situation is concerning, with only 610 million yuan in cash against short-term borrowings of 1.24 billion yuan [10]. Strategic Intent - The acquisition aims to optimize Bohai Automotive's business structure and strengthen its core operations, while the fundraising is expected to alleviate cash flow pressures [11].

Company News - Guolin Technology plans to acquire 91.07% of Xinjiang Kailianjie Petrochemical Co., Ltd. for cash, which is expected to constitute a major asset restructuring. The funding will come from self-owned funds and bank loans [4][5] - Fulin Precision plans to jointly increase capital in its subsidiary Jiangxi Shenghua with CATL, with Fulin contributing 1 billion yuan and CATL contributing 2.563 billion yuan. This transaction is expected to constitute a major asset restructuring [6] - Baicheng Co., Ltd. intends to acquire 55% of Shanghai Canxi Engineering Equipment Co., Ltd. through a combination of share issuance and cash payment, which is not expected to constitute a major asset restructuring [7] - Diao Micro plans to acquire equity in Rongpai Semiconductor (Shanghai) Co., Ltd. through share issuance and cash payment, with the transaction's classification as a major asset restructuring yet to be determined [7] - Hubei Energy signed a cooperation agreement with Xiangyang City government to invest 26.7 billion yuan in clean energy projects during the 14th Five-Year Plan period [7] - Suochen Technology plans to acquire 60% of Likong Technology for 192 million yuan, which will become a secondary holding subsidiary post-transaction [8] - Sailis plans to purchase 10% of Shenzhen Yingwang Intelligent Technology Co., Ltd. from Huawei for 11.5 billion yuan, with all payments completed as of the announcement date [8] - Bohai Automobile intends to acquire multiple stakes in various companies through share issuance and cash payment, with a total transaction value of 2.728 billion yuan [9] - Hengwei Technology plans to acquire 75% of Shanghai Shuhang Information Technology Co., Ltd. through share issuance and cash payment, which is not expected to constitute a major asset restructuring [10] Industry News - The National Development and Reform Commission announced a new policy financial tool with a total scale of 500 billion yuan, aimed at supplementing project capital [2] - The Ministry of Water Resources reported that investment in water conservancy construction is expected to exceed 5.4 trillion yuan during the 14th Five-Year Plan, significantly higher than the previous plan [3] - The Ministry of Industry and Information Technology, along with other departments, released a work plan for the machinery industry, targeting an average annual revenue growth rate of around 3.5% from 2025 to 2026 [3]

Group 1 - The acquisition involves Beijing Hainachuan Automotive Parts Co., Ltd. acquiring shares in Bohai Automotive Systems Co., Ltd. to enhance its competitive edge and expand its product offerings [12][18] - The transaction will increase Hainachuan's shareholding in Bohai Automotive from 23.04% to 54.98%, and combined with Beijing Automotive Group, the total shareholding will rise to 67.68% [21][50] - The acquisition aims to strengthen modular supply capabilities and align with the automotive industry's shift towards electric and intelligent vehicles [13][15] Group 2 - Hainachuan's recent financial performance shows a robust growth trajectory, with a diversified product range covering various automotive components [8][9] - The acquisition is part of a broader strategy to deepen state-owned enterprise reforms and improve the quality and strength of the listed company [16][17] - The transaction is subject to several approvals, including from the Beijing State-owned Assets Supervision and Administration Commission and the China Securities Regulatory Commission [19][20] Group 3 - The acquisition will involve the issuance of 674,153,774 new shares at a price of 3.44 yuan per share, with a total transaction value of approximately 2.73 billion yuan [47][48] - The deal includes a lock-up period of 36 months for the newly issued shares, preventing any transfer or reduction in holdings during this time [34][50] - The acquisition is expected to enhance Bohai Automotive's asset scale, revenue, and net profit, thereby benefiting shareholders in the long term [17][18]

Group 1 - The company plans to acquire 51% equity in Beijing Beiqi Mould Technology Co., Ltd., 51% equity in Langfang Andautuo Seat Co., Ltd., 100% equity in Inafa Intelligent Technology (Beijing) Co., Ltd., and 50% equity in Langfang Leoni Wiring Systems Co., Ltd. through a combination of issuing shares and cash payment [2][5] - The total valuation of the target companies is approximately 5.37 billion yuan, with a transaction price of approximately 2.73 billion yuan, which includes 2.32 billion yuan in share payment and 409.25 million yuan in cash payment [6][21] - The company intends to raise up to 1.38 billion yuan through issuing shares to no more than 35 specific investors to fund the acquisition and other projects [5][37] Group 2 - The share issuance price is set at 3.44 yuan per share, which is not less than 90% of the average trading price over the previous 120 trading days [8][60] - The issuance of shares and cash payment for the acquisition is not contingent on the successful raising of funds, meaning the company will cover any shortfall with its own funds if necessary [27][38] - The company will implement a lock-up period of 36 months for shares acquired through this transaction, with extensions possible under certain conditions [23][36] Group 3 - The company will sign performance compensation agreements with the transaction counterpart to ensure the performance of the acquired assets [29] - The resolutions related to the share issuance and cash payment for asset acquisition are valid for 12 months from the date of approval by the shareholders' meeting [30][40] - The company has obtained independent audit and asset evaluation reports to support the transaction, ensuring compliance with relevant regulations [54][57]

Group 1 - The company plans to acquire 51% equity in Beijing Beiqi Mould Technology Co., Ltd., 51% equity in Hainachuan Andautuo (Langfang) Seat Co., Ltd., 100% equity in Inafa Intelligent Technology (Beijing) Co., Ltd., and 50% equity in Langfang Laini Wiring System Co., Ltd. through a combination of issuing shares and cash payment [36][43]. - The transaction constitutes a related party transaction as the counterparty, Hainachuan, is the controlling shareholder of the listed company [1]. - The board of directors has approved the transaction, which will require further approval from the shareholders' meeting [2][4]. Group 2 - The pricing for the shares issued in this transaction is set at 3.44 yuan per share, which is not lower than 90% of the average trading price over the previous 120 trading days [11][12]. - The transaction's pricing is based on an evaluation report from a qualified evaluation agency, ensuring fairness and compliance with relevant regulations [11][12]. - The company has committed to measures to mitigate the dilution of immediate returns resulting from the transaction [15]. Group 3 - The company has disclosed the independence of the evaluation agency and the rationale behind the evaluation assumptions and methods [8]. - The board has authorized the management to handle all matters related to the transaction, including adjustments to the restructuring plan as necessary [26]. - The company will not be required to prepare a report on the use of previous fundraising as it has not raised funds through public offerings in the last five accounting years [39][40]. Group 4 - The company will hold a shareholders' meeting on October 15, 2025, to discuss and vote on the proposed transactions [56][58]. - The meeting will allow for both on-site and online voting, ensuring participation from shareholders [59][60]. - The company has outlined the procedures for shareholders to register and participate in the meeting [66][67].

Core Viewpoint - Bohai Automobile (600960.SH) plans to acquire 51% stakes in Beiqi Moulding and Langfang Andautuo, 100% stake in Zhili Technology, and 50% stake in Langfang Laini Wiring Harness through a combination of share issuance and cash payment, with a total transaction price of 2.728 billion yuan, excluding the fundraising amount [1] Group 1 - The company aims to raise up to 1.379 billion yuan through issuing shares to no more than 35 specific investors to support the acquisition [1] - Post-transaction, the company's main business will expand to include automotive exterior parts, automotive seat frames, automotive electronic products, and automotive wiring harnesses [1] - The integration of the target companies' technological R&D capabilities is expected to enhance the company's core competitiveness by broadening its product line into more automotive component areas [1]

Core Viewpoint - Bohai Automobile (600960.SH) plans to acquire stakes in several companies to enhance its product offerings and core competitiveness in the automotive parts industry [1] Group 1: Acquisition Details - The company intends to purchase 51% of Beiqi Moulding, 51% of Langfang Andautuo, 100% of Zhilian Technology, and 50% of Langfang Laini Wiring Harness through a combination of share issuance and cash payment [1] - The total transaction price, excluding the amount raised for supporting funds, is set at 2.728 billion yuan, with the total amount for supporting funds not exceeding 1.379 billion yuan [1] Group 2: Business Expansion - Following the transaction, the company's main business will expand to include automotive exterior parts, automotive seat frames, automotive electronic products, and automotive wiring harnesses [1] - The integration of the target companies' technological research and development capabilities will allow the company to broaden its product line into more automotive parts sectors, significantly enhancing its core competitiveness [1]

标的公司产品为传统燃油车和新能源汽车的通用零部件，下游整车客户包括传统燃油乘用车和新能 源乘用车领域知名整车厂商。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇9月29日丨渤海汽车(600960.SH)公布，公司拟以发行股份及支付现金的方式购买海纳川持有 的北汽模塑51%股权、廊坊安道拓51%股权、智联科技100%股权和廊坊莱尼线束50%股权，同时拟向不 超过35名特定对象发行股份募集配套资金。本次交易整体方案包括发行股份及支付现金购买资产、募集 配套资金两部分。其中，发行股份及支付现金购买资产的股份发行价格为3.44元/股，标的公司估值为 53.7亿元，交易作价为27.28亿元。募集配套资金总额不超过13.79亿元，用于支付本次交易现金对价、 项目建设等。 ...

渤海汽车系统股份有限公司董事会 关于本次交易中是否存在直接或间接有偿聘请其他第三方机构 或个人的说明 渤海汽车系统股份有限公司（以下简称"公司"）拟通过发行股份及支付 现金的方式购买北京海纳川汽车部件股份有限公司持有的北京北汽模塑科技有 限公司 51%股权、海纳川安道拓（廊坊）座椅有限公司 51%股权、英纳法智联 科技（北京）有限公司 100%股权、廊坊莱尼线束系统有限公司 50%股权并募 集配套资金（以下简称"本次交易"）。 公司在本次交易中聘请的中介机构情况如下： 1、聘请中信建投证券股份有限公司作为本次交易的独立财务顾问； 2、聘请北京市金杜律师事务所作为本次交易的法律顾问； 3、聘请致同会计师事务所（特殊普通合伙）作为本次交易的审计机构； 4、聘请立信会计师事务所（特殊普通合伙）作为本次交易的备考审阅机构； 5、聘请北京天健兴业资产评估有限公司作为本次交易的评估机构。 上述中介机构根据《上市公司重大资产重组管理办法》《公开发行证券的 公司信息披露内容与格式准则第 26 号——上市公司重大资产重组》《上市公司 并购重组财务顾问业务管理办法》及其他相关法规规范要求对本次交易出具了 专业意见或报告，本次聘请 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 证券代码：600960 证券简称：渤海汽车 公告编号：2025-066 渤海汽车系统股份有限公司 关于无需编制前次募集资金使用情况报告的公告 特此公告。 渤海汽车系统股份有限公司董事会 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 渤海汽车系统股份有限公司（以下简称"公司"）拟通过发行股份及支付现 金的方式购买北京海纳川汽车部件股份有限公司持有的北京北汽模塑科技有限 公司 51%的股权、海纳川安道拓（廊坊）座椅有限公司 51%的股权、英纳法智 联科技（北京）有限公司 100%的股权、廊坊莱尼线束系统有限公司 50%的股 权并募集配套资金。 根据中国证券监督管理委员会《监管规则适用指引——发行类第 7 号》有 关规定："前次募集资金使用情况报告对前次募集资金到账时间距今未满五个会 计年度的历次募集资金实际使用情况进行说明，一般以年度末作为报告出具基 准日，如截止最近一期末募集资金使用发生实质性变化，发行人也可提供截止 最近一期末经鉴证的前次募集资金使用情况报告。" 公司最近五个会计年度内不存在通过增发（包括重大资产重组配套融资 ...