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领益智造溢价34倍并购,标的六成营收为应收款
Shen Zhen Shang Bao· 2025-12-22 12:43
Core Viewpoint - The company has successfully completed the acquisition of a 60% stake in Jiangsu Keda, making it a subsidiary and consolidating it into the company's financial statements. Additionally, the company has signed an agreement to acquire a 35% stake in Dongguan Liminda Electronic Technology Co., Ltd. for 875 million RMB, aiming to control 52.78% of the voting rights in the target company [1][3]. Group 1: Acquisition Details - The acquisition of Jiangsu Keda has been finalized, and it is now a controlled subsidiary of the company [1]. - The company will acquire a 35% stake in Dongguan Liminda for 875 million RMB, using self-raised funds, and will control 52.78% of the voting rights through a voting rights entrustment agreement [3]. - Liminda specializes in thermal management solutions for enterprise-level servers, with a strong technical foundation and a diverse product range [3]. Group 2: Financial Performance - Liminda reported a revenue of 271 million RMB and a net loss of 29.72 million RMB last year. For the first nine months of this year, it achieved a revenue of 486 million RMB and a net profit of 21.21 million RMB [4]. - The accounts receivable for Liminda surged from 94.25 million RMB last year to 282 million RMB by the end of Q3 this year, representing a threefold increase and accounting for 58% of the quarterly revenue [4]. - The net cash flow from operating activities for Liminda was -12.95 million RMB last year and -55.20 million RMB for the first nine months of this year [4]. Group 3: Valuation and Strategic Implications - The valuation report indicates that as of September 30, 2025, the total equity value of Liminda is estimated at 2.51 billion RMB, reflecting a significant increase of 2.44 billion RMB, with a valuation increase rate of 3,421.81% [6]. - The company believes that this acquisition will enhance its technical reserves and customer certifications in the server liquid cooling business, reduce development costs, and improve product validation cycles [6]. - The acquisition is expected to create strategic synergies with the company's existing server business, enriching its product matrix and enhancing the scale and profitability of its AI hardware server segment [6]. Group 4: Market Reaction - On December 22, the company's stock price increased by 3.98%, reaching 15.95 RMB per share, with a market capitalization of 116.5 billion RMB [7]. - Industry insiders express uncertainty regarding the company's ability to maintain Liminda's competitive advantages and fully realize the synergies from the acquisition [7].
A股公告精选 | 康恩贝(600572.SH)拟转让2%公司股份
智通财经网· 2025-12-22 12:13
Group 1 - Tongyu Communication's subsidiary Zhonghong Tongyu plans to introduce Wuhan Wuchuang Institute as an investor through a capital increase of 10 million yuan, raising its registered capital from 200 million yuan to 210 million yuan, and reducing Tongyu's shareholding from 90% to 85.7143% [1] - Sanli Pharmaceutical signed a technology transfer contract with Hainan University to acquire the patent rights for the HXW2324 compound, aimed at developing new Alzheimer's disease treatments, for a total price of 200 million yuan [2] - Ningbo Huaxiang's subsidiary signed a strategic cooperation agreement with Shenzhen Dahuang Robot Technology to enhance collaboration in the development and manufacturing of general humanoid robot dexterous hands [3] Group 2 - Dook Culture announced a potential change in control, leading to a temporary suspension of its stock trading starting December 22, 2025, to ensure fair information disclosure [4] - Nanya New Materials plans to raise no more than 900 million yuan through a private placement to fund AI-based high-frequency copper-clad laminate projects and supplement working capital [5] - Hexing Packaging's major shareholder reduced their stake by 700,000 shares during a period of stock price volatility, consistent with previously disclosed plans [6] Group 3 - Yongding Co. plans to increase capital and introduce external investors, including Cambridge Technology, with a total cash increase of 55 million yuan, resulting in a decrease in its shareholding in Dingxin Optoelectronics [7] - ChaoSheng Electronics intends to invest 1 billion yuan in a high-performance HDI printed circuit board expansion and upgrade project, expecting to add an annual production capacity of 240,000 square meters [8] - Lingyi ZhiZao signed an agreement to acquire 35% of the shares of Limin Da for 875 million yuan, gaining control over 52.78% of the voting rights in the company [10] Group 4 - Sanhua Intelligent Control forecasts a net profit of 3.874 billion to 4.649 billion yuan for 2025, representing a year-on-year growth of 25% to 50% [11] - Aolian Electronics announced a potential change in control due to the planned transfer of shares by its major shareholder, leading to a temporary stock suspension starting December 22, 2025 [12]
领益智造拟8.75亿元收购立敏达35%股权, 并取得控制权
Group 1 - The core point of the article is that Lingyi Zhizao has signed a share transfer agreement to acquire 35% equity in Liminda for 875 million yuan, gaining control over 52.78% of the voting rights in the target company [1][2] - Liminda specializes in thermal management solutions for enterprise-level servers, offering products such as liquid cooling quick-disconnect connectors, manifolds, and cooling modules, and has established long-term relationships with major clients in the overseas computing industry [1][3] - The acquisition is expected to enhance Lingyi Zhizao's capabilities in the server liquid cooling business, reduce development costs, and shorten product validation cycles, thereby expanding its product matrix and improving profitability in the AI hardware server segment [3] Group 2 - The payment for the acquisition will be made in two phases, with the first phase covering 51% of the total price and the second phase covering the remaining 49%, both adjusted for applicable personal income taxes [2] - A voting rights entrustment agreement will be signed simultaneously, allowing Lingyi Zhizao to exercise the voting rights of an additional 17.78% equity held by Zhang Qiang after the completion of the share transfer [2]
领益智造(002600.SZ):拟取得立敏达控制权 提升AI硬件服务器板块的业务规模和盈利能力
Ge Long Hui· 2025-12-22 11:19
Group 1 - The core point of the article is that Lingyi Zhizao (002600.SZ) has signed a share transfer agreement to acquire a 35% stake in Liminda for 875 million yuan, aiming to enhance its AI hardware server business and overall competitiveness in the enterprise server sector [1] - The acquisition will allow the company to control 52.78% of Liminda's voting rights, thereby gaining control over the company [1] - Following the completion of the transaction, Liminda will be included in the company's consolidated financial statements, in accordance with relevant accounting standards [1] Group 2 - Liminda has a strong technical foundation and extensive industry experience in the field of thermal management for enterprise servers, with core products including liquid cooling connectors, manifolds, and cooling modules [2] - The agreement will enable the company to quickly acquire technical reserves and customer certifications for liquid cooling thermal management business, reducing development costs and product validation cycles [2] - The strategic synergy between Liminda and the company's existing server business will enhance the product matrix and improve the business scale and profitability of the AI hardware server segment [2]
领益智造:拟8.75亿元收购立敏达电子科技有限公司35%股权
Bei Ke Cai Jing· 2025-12-22 11:15
Core Viewpoint - The company has signed an equity transfer agreement to acquire a 35% stake in Dongguan Limin Da Electronics Technology Co., Ltd. for 875 million RMB, gaining control over 52.78% of the voting rights in the target company [1] Group 1 - The company will use self-raised funds to finance the acquisition [1] - The acquisition will allow the company to consolidate Limin Da into its financial statements following the completion of the transaction [1] - The agreement includes a voting rights entrustment for 17.78% of the shares held by Zhang Qiang, enhancing the company's control [1]
领益智造:拟获得东莞市立敏达电子科技有限公司控制权
Mei Ri Jing Ji Xin Wen· 2025-12-22 11:11
Group 1 - The core point of the article is that Lingyi Zhizao has announced the acquisition of a 35% stake in Dongguan Liminda Electronics Technology Co., Ltd. for 875 million RMB, which will allow the company to control 52.78% of the voting rights in the target company [1] - Following the acquisition, Liminda will be included in Lingyi Zhizao's consolidated financial statements, adhering to relevant accounting standards [1] - As of January to June 2025, Lingyi Zhizao's revenue composition is as follows: AI terminals account for 88.32%, other sectors for 6.68%, and automotive and low-altitude economy for 5.01% [1] Group 2 - Lingyi Zhizao's market capitalization is reported to be 116.5 billion RMB [2] - The new energy heavy truck sector has seen a significant increase in sales, with November sales up 178% year-on-year, indicating strong demand [2]
领益智造(002600) - 2025年第六次临时股东会决议公告
2025-12-22 11:00
证券代码:002600 证券简称:领益智造 公告编号:2025-220 广东领益智造股份有限公司 2025年第六次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 特别提示: 1、本次股东会以现场投票和网络投票相结合的表决方式召开。 2、本次股东会未出现否决议案的情形。 3、本次会议没有涉及变更前次股东会决议的情形。 4、本次股东会召开期间无新议案提交表决的情况。 一、会议召开和出席情况 1、会议召集人:公司董事会 2、会议主持人:黄金荣女士(董事长曾芳勤女士及副董事长贾双谊先生以通 讯方式出席会议,未能现场主持本次会议,经过半数董事推举,由董事黄金荣女 士主持本次会议) 3、会议召开日期和时间: 现场会议:2025 年 12 月 22 日(星期一)15:00 网络投票:通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 12 月 22 日的交易时间,即 9:15-9:25,9:30-11:30 和 13:00-15:00;通过深圳证券交易 所互联网投票系统进行网络投票的时间为2025年12月22日上午9:15至下午15:00 的任 ...
领益智造(002600) - 2025-219 关于公司签订《股权转让协议》的公告
2025-12-22 10:47
证券代码:002600 证券简称:领益智造 公告编号:2025-219 广东领益智造股份有限公司 关于公司签订《股权转让协议》的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚 假记载、误导性陈述或重大遗漏。 特别提示: 1、广东领益智造股份有限公司(以下简称"公司") 与张强、武燕、武永军、 县菊红、马琪、单筱军、郝代超、唐健、东莞市毛旦投资有限公司(以下简称"毛 旦投资")、新余德彩米谷创业投资中心(有限合伙)(以下简称"新余德彩") 及东莞德彩君泰创业投资基金(有限合伙)(以下简称"东莞德彩")(上述 11 位股东以下简称"转让方")签订了《关于东莞市立敏达电子科技有限公司之股 权转让协议》(以下简称"《股权转让协议》")。公司将以 87,500 万元人民币 的价格,使用自筹资金现金收购上述股东合计持有的东莞市立敏达电子科技有限 公司(以下简称"立敏达"或"目标公司")35%股权(以下简称"本次交易"),并 通过表决权委托的形式取得张强持有目标公司 17.78%股权的表决权,合计控制 目标公司 52.78%表决权,从而取得对目标公司的控制权。本次交易完成后,结 合公司未来对标的公司 ...
领益智造(002600) - 北京市嘉源律师事务所关于广东领益智造股份有限公司2025年第六次临时股东会的法律意见书
2025-12-22 10:46
北京市嘉源律师事务所 关于广东领益智造股份有限公司 2025 年第六次临时股东会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 源 在 师事 : - Fr YUAN LAW OFFICES 北京 BEIJING ·上海 SHANGHAI ·深圳 SHENZHEN ·香港 HONG KONG ·广州 GUANGZHOU ·西安 XI'AN 致:广东领益智造股份有限公司 北京市嘉源律师事务所 关于广东领益智造股份有限公司 2025年第六次临时股东会的 法律意见书 嘉源(2025)-04-935 北京市嘉源律师事务所(以下简称"本所")接受广东领益智造股份有限公 司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")、《上市公司股东会规则》(以下简称"《股东会规则》")等现行 有效的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及 《广东领益智造股份有限公司章程》(以下简称"《公司章程》")的有关规定, 指派本所律师对公司2025年第六次临时股东会(以下简称"本次股东会")进行 见证,并依法出具本法律意见书。 为出具本法律意见书,本所指派律 ...
领益智造(002600) - 关于2025年员工持股计划非交易过户完成的公告
2025-12-22 10:46
证券代码:002600 证券简称:领益智造 公告编号:2025-221 广东领益智造股份有限公司 关于 2025 年员工持股计划非交易过户完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚 假记载、误导性陈述或重大遗漏。 广东领益智造股份有限公司(以下简称"公司")分别于 2025 年 6 月 17 日、 2025 年 9 月 16 日召开第六届董事会第十四次会议、2025 年第三次临时股东会, 审议通过了《关于公司<2025 年员工持股计划(草案)>及其摘要的议案》及相 关议案,具体内容详见巨潮资讯网(www.cninfo.com.cn)和公司指定信息披露报 刊的相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所 上市公司自律监管指引第 1 号——主板上市公司规范运作》等相关法律法规要求, 现将公司 2025 年员工持股计划(以下简称"本员工持股计划")的实施进展情况 公告如下: 一、本员工持股计划的股票来源及数量 本员工持股计划股票来源为公司回购专用证券账户回购的公司已发行上市 的人民币普通股(A 股)股票。 公司于 2025 年 4 月 11 日召开 ...