Summary · why it matters
Shanghai Xindao Electronic Technology's share issuance to purchase assets has received approval from the Shanghai Stock Exchange. The company plans to acquire 100% equity in Shanghai Jishun Technology and 17.15% equity in Shanghai Transient Thunder Technology through a combination of convertible bonds and cash, for a total of 403 million yuan. After the transaction, it will directly or indirectly hold all equity in both target companies, constituting a major asset restructuring. Jishun Technology is the controlling shareholder of Transient Thunder Technology, holding 82.85% of its equity, and has no actual operations of its own. Transient Thunder Technology is engaged in power devices, with products used in automotive electronics, security instruments, and other fields. The target companies reported 2024 revenue of 217 million yuan and net profit of 38.7925 million yuan. The transferors have committed to net profits of no less than 35 million yuan, 36.5 million yuan, and 40 million yuan for 2025, 2026, and 2027 respectively. Since its listing, Xindao Technology has faced performance pressure, with nearly half of its net profit since 2022 coming from investment income. This acquisition aims to leverage the target companies' customer resources to expand into new application areas such as automotive electronics.
Shanghai Prisemi Electronics Co Ltd