According to Zhitong Finance App, Guangdong Hongyuan A (000573.SZ) announced that in order to promote the transformation and upgrading of the company's business, cultivate new momentum for the company's development, and establish a second growth curve, the company plans to use cash payments to acquire 100% of the shares of Shenzhen Jinwangda Electromechanical Co., Ltd. (hereinafter referred to as “Jinwangda”) held by Xu Zhaowang and Anyi Pioneers Enterprise Management Partnership (limited partnership). It is proposed that the transaction price of the underlying shares shall not exceed 550 million yuan.
The target company is a high-tech enterprise dedicated to R&D, production and sales of high-end automation core components. The target company's production base is located in Dongguan City, focusing on the manufacture of precision transmission functional components. The core products include precision linear guides, precision ball screws, precision planetary roller screws, precision speed reducers, KKR steel-based modules, GTHA embedded aluminum-based modules, aluminum-based screw modules, etc., which are widely used in high-end automation fields such as new energy, 3C electronics, LCD/LED panels, automobile manufacturing equipment, and medical care. The main business areas account for the following: 3C accounts for about 40%, new energy (lithium battery+photovoltaics) accounts for about 40%, display panels account for about 6%, and applications such as other automobile manufacturing equipment and medical equipment account for about 14%. The target company's products have high accuracy and stable performance, and are focusing on building a well-known brand in the field of high-end automation core components.