Sichuan Tianwei Electronic Co LtdTianwei Electronics is acquiring a 60% controlling stake in Xiuwei Technology for 90 million yuan, expanding into military information equipment.

Tianwei Electronics announced that it plans to use its own funds to acquire a 60% controlling stake in Chengdu Xiuwei Technology Development Co., Ltd. through a combination of capital increase and purchase of existing equity, with a total investment of 90 million yuan. Of this, 75 million yuan will be invested as capital increase, and the consideration for the existing equity purchase is 15 million yuan. After the transaction, Xiuwei Technology will become a controlled subsidiary of the company and be included in the consolidated financial statements. The target company is mainly engaged in high-end military information equipment such as general signal processing and satellite baseband. Regarding performance commitments, revenue in 2026 shall be no less than 35 million yuan, and net profit after deducting non-recurring items from 2027 to 2029 shall be no less than 10 million yuan, 15 million yuan, and 17 million yuan, respectively.
Sichuan Tianwei Electronic Co LtdTianwei Electronics is acquiring a 60% controlling stake in Xiuwei Technology for 90 million yuan, expanding into military information equipment.
Xiuwei Technology is being acquired at a valuation implying growth, with performance commitments for future revenue and profit.