According to Zhitong Finance App, Tianqin Equipment (300922.SZ) issued an announcement. In order to further optimize resource allocation, promote industrial collaboration and integration, expand business boundaries, and improve business scale and profitability, the company plans to obtain 51.3469% of Yilihua's shares through a package, non-separable capital increase and share acquisition method. After the transaction is completed, Yilihua will become a holding subsidiary of the company and will be included in the scope of the company's consolidated statements.
The target company is deeply involved in the field of precision spring manufacturing, and has accumulated a number of core process technologies through long-term R&D investment. The core products mainly support leading aerospace customers such as China Aviation Industry, China Aviation Development and its subsidiaries at all levels. Among them, the key technology for forming high-temperature high-elasticity corrugated springs for aero engines and precision molding technology for aviation flight controllers independently developed by the target company have all passed the evaluation of scientific and technological achievements by third parties, reached the leading level in the country, and built a solid technical barrier.
After the acquisition is completed, the company will achieve multi-dimensional collaboration, complementarity and two-way empowerment of customer resources, technical processes, and application scenarios with the target company. First, further improve the company's aerospace industry chain layout, enrich high-end core component product categories, and cultivate new business growth points; second, use the target company's high-quality customer resources in the aerospace field to expand the aerospace supply chain and broaden the application scenarios of the company's existing products; third, rely on the company's many years of business accumulation in the weapons equipment field to promote the extension and implementation of the target company's superior products to weapon equipment tracks to explore the incremental market segmented racetrack. Through resource integration and complementary advantages, the two sides can effectively broaden each other's market boundaries, expand the overall operating and sales scale, continue to consolidate the company's industrial layout, and effectively enhance the company's overall revenue volume, market competitiveness and comprehensive profitability.