TTNEWS
  • entertainment
  • Sport
  • Finance
  • tec
  • Travel
  • military
  • Parenting
  • fashion
  • game
  • history
  1. home
  2. finance

The long -fly fiber mergers and acquisitions are still losing money, and I have prepared an IPO but it has not been available for 7 years.

2024-11-12 13:51:57

Longfei Fiber (601869.SH) went to the next city to go to the next city.The following is referred to as "El.en.") signed the "Equity Acquisition Framework Agreement", which is planned to acquire 448.8 million yuan in cash to acquire El.en. Pentium Laser (Zhejiang) Co., Ltd. (hereinafter referred to as "Pentium Laser") and Cutlite Penta S.R.L.The control of "Cutlite"), after the transaction is completed, Changfei Fiber will hold 59.18%and 70%respectively.

It should be noted that the two target companies were originally the same company and were split up by EL.EN. a few months ago. Among themThe situation behind the bumpy road is: a laser company that once expected to impact the top three in the industry is now one of the few losses in the industry. Its valuation suddenly shrinks nearly 50 % in two years.Nevertheless, Changfei Fiber is confident in the acquisition, and has set up only 5%of the performance compensation standards.

The target 7 years ipo P>

Pentium laser and Cutlite are both old -fashioned laser companies in Italy EL.EN.. It was originally the same company. In August of this year, El.en.Therefore, this transaction is equivalent to El.en. for splitting and selling the same company.

Pentium laser is not an unknown in the laser industry. According to the company, its sales contract in 2021 exceeded 2.5 billion yuan, which is the leading leader in my countrys high -power laser cutting and welding equipment industry in China. For those.And as early as 2017, Pentium laser began to try to prepare for listing. On February 14, 2023, the companys listing counseling filing was registered and accepted.

At present, el.en. Selling Pentium Laser and Cutlite alone means that the seven -year IPO of the Pentium Laser is drawn, and eventually the IPO declaration phase is ended.

The IPO "retreat" of Pentium laser has been closely related to the great environment of A -share issuance since 2023, and the deeper reasons may be derived from the company near the company.A few years of weak performance.

Public data shows that in 2023, in the case of non -merger subsidiary Pentium Laser (Wuhan) Co., Ltd., Pentium Laser Technology (Shandong) Co., Ltd., and Cutlite and CutliteThe Pentium laser has changed from profit to losses. At that time, operating income fell from 790 million yuan to 691 million yuan, and its net profit ranged from 6.497 million yuan to a loss of 312.78 million yuan.In contrast, the profitability of the other standard Cutlite is significantly stronger.

For this acquisition, the Pentium laser said on its official public account "from 2007 to 2022, Pentium laser has always maintained high-speed growth at high speedWith continuous profitability. Since 2023, due to the serious internal scroll in the domestic laser industry, companies have developed a loss of business. "

Is the domestic laser industry really losing money?The titanium media APP sorted out public information and found that the situation of the industrys losses is not common.According to the statistics of OFWEEK Laser, only 6 of the 29 laser factories in 2023 loses money.

The valuation of the Pentium laser with the loss of performance is greatly reduced. From the perspective of the acquisition price announced this time, compared with two years ago, the valuation of Pentium laser has shrunk sharply.The announcement shows that the price of 59.1837%equity of Pentium Lasers Pentium Laser was 298.7 million yuan, and the corresponding valuation was 505 million yuan.The corresponding price of the acquisition of Cutlite 70%of the equity is 150 million yuan, and the corresponding valuation is 214 million yuan.The two valuations are 719 million yuan.

In 2022, the Pentium laser completed a total of 170 million yuan of funds raised in two rounds of financing, and the corresponding shareholding ratio of investment institutions was 12.44%, and the valuation was about 1.37 billion yuan at that time.In contrast, the Pentium laser valuation has shrunk by nearly 50 % in two years.

Over the sea, low performance compensation

Public information shows that Changfei Fiber is one of the earliest domestic optical cable manufacturers in ChinaIt is mainly engaged in the research and development and manufacturing of optical fiber prefabricated rods, optical fiber, optical cables, and data communication related products. In the past three years, Changfei Fiber has continued to make efforts in the international market and diversification. Its overseas business revenue has remained above 30 % or moreEssence

For this transaction, the long -wind fiber values ​​the help companys help to its overseas market. The company said "on the one hand, the target company can help the companys laser business expand overseas markets,Strengthen brand building; on the other hand, the companys international business layout can help the target company to further expand overseas markets ...In the second announced equity acquisition framework agreement, the relevant parties of the long -fly fiber and the transaction also agreed on the performance goals.The annual performance is quite confident, and the compensation requirements for long fiber fiber are not high.

Generally speaking, the setting of performance commitments can cover all the risks of transactions, especially when acquiring losses, the importance of performance compensation is self -evident.Judging from the announcement, the period for the achievement of the performance target for the transaction is 2025-2027. If it is not completed, the transaction-related parties need to refund 5%of the total consideration of this transaction from the long-fly fiber, which is about 224410,000 yuan.So how can Pentium laser and Cutlite performance commitment be achieved?

From the disclosed performance, in this acquisition target, the performance of Cutlite for overseas markets is relatively stable.It is the Pentium laser with a large performance.

According to the news released by the Pentium laser, in the first half of 2024, the Pentium laser has not yet got rid of the loss."" ".(This article was first published in the Titanium Media APP, author | Zhang Sun Mingshuo)

Popular information
  • Start the "Wuxi sample" of the M & A and reorganization of listed companies to accelerate the activation of new quality productive forces | 2024-11-12 23:32:05
  • Shenzhen Stock Exchange: On November 16th, the internal test of the Shenzhen City Transaction and Settlement System was launched | 2024-11-12 23:54:14
  • Guangming Dairy: On November 11th, a net purchase of 13.2155 million yuan was bought, and a total of 41.5496 million yuan was bought on the 3rd consecutive day. | 2024-11-12 23:54:17
  • "Guidelines for Non -public Issuing Company Bond Project Resolving Negative List" ushered in revised and supported enterprises related mergers and acquisitions and reorganization behaviors | 2024-11-12 23:59:36
  • Yongxin shares fell by 1.85%, and the rolling price -earnings ratio was 14.71 times | 2024-11-13 00:01:50
  • Hollying customers receive 3 institutions for investigations, including Guosheng Securities, Huatai Berry Fund, and Agricultural Bank of China Huili Fund | 2024-11-13 00:09:29
  • Countdown!Bull stocks or ST | 2024-11-13 00:11:42
  • BYD (01211.HK) closed at 1.01%on November 12 to HK $ 2.263 billion in transactions | 2024-11-13 00:16:43
  • Small!No right?On Wednesday (November 13) A shares will usher in salvation | 2024-11-13 00:39:15
  • What is the impact of the "New Tax Deal" in the property market?Latest interpretation | 2024-11-14 08:08:32
  • Si Lian Ban Daniu stocks, the price -earnings ratio is as high as 239 times!Who is buying? | 2024-11-14 08:08:35
  • Economy, finally to bottom out? | 2024-11-14 08:16:18
  • It lasted more than a thousand days!The Bank of Xinjiang was fined a director who was dissatisfied with "sitting", and the court was sentenced to two cases after the supervision department. | 2024-11-14 08:16:22
  • Soaring 54%!New energy, there is a good favorable! | 2024-11-14 08:16:26
  • Bitcoin a record history | 2024-11-14 08:16:29
  • Differentiated!The popular track "Binghuo Two Heavens" | 2024-11-14 08:16:34
  • GAC Group withdraws from BYD joint venture new energy bus company | 2024-11-14 08:37:07
  • Baoli International: The change of control rights will be opened 22.57%of the shares to be transferred | 2024-11-14 08:37:44
  • A shares are going to suffer!1.8 trillion funds trembling | 2024-11-14 08:45:06
  • Relying on Huawei to ask the world to change his life!Chairman Selis: I am afraid when I build a car with Dongfeng | 2024-11-14 08:47:41
  • Guangyunda: The business of Naval Aerospace includes CNC processed aviation parts, additive manufacturing (3D printing) aviation parts, aviation catheter | 2024-11-14 08:49:17
  • Hangzhou Steel Structure (600477) on November 13, the main funds sold 27.603 million yuan | 2024-11-14 08:52:05
  • Jin Hong Gas received financing of 21 million yuan, and bought a total of 86 million yuan in the past three days | 2024-11-14 08:52:08
  • "Black Swan" officially landed!On November 14th, the three major news in the morning this morning came out! | 2024-11-14 08:57:03
  • The "nuclear explosion" level of the property market is good!The transaction tax has been adjusted heavy, and the real estate will welcome the golden age? | 2024-11-14 08:57:06
  • Compared with reducing stamp duty!On November 14, can the A -share market continue to "attack"? | 2024-11-14 08:57:10
  • Rest reduction, the deposit interest rate is reduced again!On November 14, the four major news today continued to ferment! | 2024-11-14 08:57:21
  • "Golden Lord" Paulson announced that he will not be the US Treasury Secretary | 2024-11-14 08:57:35
  • Trump, the latest decision!American inflation suddenly accelerates!The US dollar soared, this section is under pressure!Putin and Saudi Crown Prince Call | 2024-11-14 09:05:05
  • Faraday will appoint Ma Xiao to report to Jia Yueting directly to Jia Yueting for FX Global CEO | 2024-11-14 09:05:08
Latest
Happy Bao | Dream of Dream Medicine Bloom -Graduate Students from our hospital won the second prize of the Capital Medical University 2024 Speech Contest Personal evaluation of the 30 -year history of the best lineup of Ma Lai can barely enter the bench The domestic "three major airlines" C919 aircraft gathered in Chengdu!Practicing flying and going north Shangguang Parents do this to break the "only performance theory", and each child can bloom unique light She, sent a letterless letter to the moon Old cup bonus super lpl champion!Attract the old We Korean aid: I want to support the championship, I want to raise children In 2025, the statutory holidays have been added for 2 days. What is the true attitude of tourism practitioners? What does the PPT look like by Lin updated?After reading it, I was cried by ugliness Beiqing: After the National Football Team Barin will return to Xiamen for the afternoon of the 15th, the 15th day of the 15th National Football Team VS Balling 23 people List exposure: Xie Wen can suspend the race!Fourth goalkeeper+flying wing failure selection The best element of the Super League announced, Wei Shihao missed, 4 people in Shanghai, Luneng 2, Wu Xi was surprised Ding Yongxun fell in love with Zhao Xuehua at first sight and loved each other for 37 years. Now the 36 -year -old son makes him worry Ye Ke has not seen Huang Xiaoming in the checkup. Paparas have been exposed to 5 months of pregnancy. The 24 -year -old Fan Ye compared the 28 -year -old Shi Yunpeng. Aspen: Mbappe has been silent after joining Real Madrid for 4 months. Only 2 interviews have been accepted in 4 months Chen Meng withdrew!Instead, Sun Yingsha was forced to have both and gave birth to 2 questions. What did Ma Lin think? It is the lowest -key county in Shanxi, with world -class famous mountains, but few people know the county name! Ye Ke promised to return the net to cancel the account again as a demon again!Huang Xiaoming is lazy, Ye Ke is alone for pregnancy! Big!Blast Yang Zi accompanied by sleeping: evidence has been obtained, involved in many popular actresses, more synthetic streams out "The Lane Family" Zhuang rushed to drive away his parents and forced Pengfei to buy a house. Only then did you know that Zhuang Chaoying was very lucky Wang Xiaofei hit Big S: A wedding with Ma Xiaomei will be re -wedd, Ma Xiaomei threw out propositions Who is the most runner -up in the World Cup?The Dutch Three Entry Finals are defeated, Argentina is tied, and the other team is the most The Clippers regretted, Harden 19+6+7, after the game, Harden walked towards the Rockets bench, hugged Ethan to pay attention to Rockets 111-103 Clippers!Player scores are released: 4 people are full, 3 people pass, 2 people pull their hips! No accident, this will become the main framework of Amurin Manchester United! Choose a rational student in kindergarten?Can "Run Run" Education really win on the starting line? British PS5 Pro price or permanent drop: the largest retail sales leading price reduction The 19 -day box office broke through 3.3 billion and won the global championship. The strongest movie this year was born. Daolang: The Macau concert is well received, and I won the two former CCTV host of Zhao Pu Li Xiaomeng. 2024 Inner Entertainment is to be exploded, only one year, the gap is obvious Lei Jun is jealous. Xiaomi SU7 has 100,000 offline and 100,000 orders. Guangzhou house tickets can buy new houses in the city!Expert: It is necessary to make the demolished households realized that in the past It is said that the Chery FR Division was established, and the headquarters is located in Shanghai Win 20 points!Du Feng won the first victory, and the new aid 23 points hit a new high. The chef should describe the job from the teachers and students and parents, and the supplier will not run away. Thirty points defeated, the CBA Journey really walked over?The three major foreign aids in Zhejiang broke out, and genius teenagers burst and burst The transformation of Jinji Co., Ltd. suffered a decline of 922 million large orders to terminate the operating pressure of 8.82 million yuan in the first three quarters. 4 games 0 goals!The number of shooters is lost, Alda is deeply trapped in the mud, and the situation of winning the championship deteriorates Crown: 0 to 4!The fatigue is shown. In the first round, Trump took Ding Junhui lightly Korean dramas have evolved to the male lead, no male lead is required The performance benchmark covers the global stock market and gold, and the world is actively configured with FOF to open the closed period CITIC Securities A shares increased by 60% of Yuexiu Capital to reduce holdings by 1% or cash out 5 billion yuan Academician Qian Qihu: The domestic shield is going to the world. I hope that the younger generation of "Chinese tunnelers" will create further glory The whole Chinese class rushes for another year!BLG is highly likely to renew the contract, ELK renewal conditions are only one The husband takes the child to buy milk powder to bring it back to the PS5 Pro, his wife asked the Internet online, and the merchant sent God to assist The most surprising seven players?Downs first!Hilde, three goals on the list! Shenzhen Chuanyin Communications under Chuanyin was awarded the title of new "Little Giant" enterprise in the national specialized specialty The stock price of the market fell by 6.43%in the afternoon of US $ 13.37 in the US real estate investment Sure enough!6 major foreign aid blessings, old acquaintances return, Zhou Peng will lead the Shenzhen team to take off The Egyptian Museum opened the night exhibition tourists with close contact with Pharaoh

©2024 ttnews All rights reserved

Privacy Policy | Service Terms | contact us