just-Two-major-mergers-and-ac

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Haojiang Intelligent plans to acquire 53% equity of Ute Power Supply Co., Ltd. for 59.36 million yuan

On April 3, Qingdao Haojiang Intelligent Technology Co., Ltd. announced that the company plans to acquire 53% equity of Hangzhou Ute Power Supply Co., Ltd. for 59.36 million yuan. After the completion of this transaction, Upower will become a holding subsidiary of the company and be included in the scope of consolidated statements. The transaction funds will come from the company's own or self-raised funds.

It is reported that Haojiang Intelligent is the leading R&D and production enterprise of intelligent linear drive products in China. As a listed company, Haojiang Intelligent has accumulated profound technical foundation in the fields of smart home, smart medical care, smart office and other fields by virtue of its strong self-research and production capabilities. Haojiang Intelligent's products are exported to many regions around the world, including North America, Europe and Southeast Asia.

Utepower is committed to developing and producing high-quality intelligent LED terminal solutions and high-power LED power supplies. Its main products include various lighting drive power supplies and lighting scene solutions. It has been deeply involved in the field of high-power intelligent LED drive power supplies for nearly ten years, focusing on high-end scenarios such as outdoor lighting, sports lighting, and plant lighting. It independently develops a full range of high-efficiency lighting drive power supplies. The products cover the full power range from 40W to 2000W. They have core advantages such as high protection capabilities, ultra-high conversion efficiency, intelligent dimming, and stable operation in a wide temperature range. They are mainly used in developed countries and regions in Europe, the United States, and Australia.

At the same time, Upower also announced that it has officially joined Haojiang Intelligent. Upower said that Haojiang Intelligent is not only a strong partner, but also a solid backing for its two-wheel drive strategy of "intelligent power supply + electronic products" and its move into the field of higher-performance lighting drives. Upower will fully integrate into the management system and financial support of listed companies to further strengthen the depth of core technology research and development. The two parties will achieve all-round collaboration in management, supply chain and market channels to maximize the efficiency of resource allocation.

Haojiang Intelligent stated that this acquisition is based on the company's development strategy and business needs, and aims to leverage the technological and resource advantages of both parties to achieve coordinated development of the industry chain. The company's existing business covers precision structural parts and electronic components in the fields of smart home appliances, smart homes, automotive electronics and other fields. After the acquisition of Upower, it will form a technological complement to the company's existing electronic products, enhance the company's core competitiveness in the field of electronic products, especially in the field of high-end drive power supply, and promote the two-wheel drive development pattern of "drive products and high-end electronic products".

Specifically, this strategic integration will achieve resource sharing and capability complementation, and will have a profound impact from the following three dimensions:

Technological complementarity, accelerated innovation: Haojiang Intelligent’s rich experience in intelligent control systems will produce a strong “chemical reaction” with Upower’s core accumulation in high-power power circuit design, and jointly launch more competitive overall intelligent lighting solutions.

Supply Chain and Manufacturing Upgrade: With the large-scale production advantages of Haojiang Intelligent and the global supply chain system, the company plans to acquire 51% of the equity of Xiamen Xiazhi Precision Technology Co., Ltd. held by Xiamen Meida Intelligent Technology Co., Ltd. for 244.8 million yuan in cash. After the completion of this transaction, the target company will become the controlling subsidiary of the company and be included in the scope of the company's consolidated statements.

The announcement introduced that the target company, Xiazhi Precision, focused on the research and development, production and sales of micro-drill pins, deeply cultivated the core consumables of PCB manufacturing, and provided professional microporous machining technology solutions for leading PCB customers around the world.

As a special core consumable for PCB manufacturing, the core function of the PCB drill pin is to build a point-to-point path through the circuit board layer junction through precision drilling to achieve stable connection and serial connection of electronic parts, which is the basic device for PCB signal transmission and functional integration.

In 2025, Xiazhi Precision will achieve operating income of 134 million yuan and net profit of 10.6869 million yuan. As of the end of January 2026, Xiazhi Precision's total assets were 203 million yuan, total liabilities were 122 million yuan, and the asset-liability ratio reached 60%.

In terms of performance commitments, the transferor Xiamen Maida promised that the total committed net profit of the target company from 2026 to 2028 will not be less than 111 million yuan, of which the committed net profit amounts in 2026, 2027 and 2028 will be no less than 24 million yuan, 37 million yuan and 50 million yuan respectively.

According to data, the main business of Civil Explosion Optoelectronics is the research and development, production and sales of LED green lighting products. The existing business can be divided into three major business segments: commercial lighting, industrial lighting and special lighting. The company will achieve operating income of 1.641 billion yuan and net profit attributable to the parent company of 230 million yuan in 2024.

With the rising demand in the PCB industry, the demand in the PCB drill needle industry is also rising. Minbang Optoelectronics expects that after the completion of this transaction, the company's business will expand into the field of special PCB drill bits for high-end fields, actively conduct technical research and forward-looking layout of the PCB drill bit industry, and continue to develop and apply new technologies and new products. This will help accelerate the strategic transformation of listed companies and share the growth dividends brought by the development of the AI ​​industry and the PCB drill bit industry.