Summary · why it matters
HuiChuangDa (300909) announced that it plans to acquire 100% equity in Dongguan Chuncao Grinding Technology Co., Ltd. through a combination of direct and indirect acquisitions in cash. Chuncao Technology is a systematic service provider specializing in grinding and polishing intelligent surface treatment equipment, automated production lines, and polishing consumables. Its business has expanded from 3C products to automotive parts, new energy, and other industries, with clients including Foxconn, Lens Technology, Luxshare Precision, Biel Crystal, BYD, Jingyan Technology, and Gengde Electronics. This transaction includes performance commitments, under which the committed party promises that Chuncao Technology's audited net profit attributable to the parent company, excluding non-recurring gains and losses, will be no less than 80 million yuan, 100 million yuan, and 120 million yuan for the three consecutive full accounting years starting from January 1, 2026, namely 2026, 2027, and 2028, with a cumulative total of no less than 300 million yuan. HuiChuangDa's main business is the research, design, production, and sales of light guide structural components and assemblies, as well as precision key switch structural components and assemblies, with products applied in consumer electronics, automotive electronics, new energy, and other fields. The company stated that this transaction will help improve its financial condition and enhance sustainable profitability. If Chuncao Technology successfully fulfills its performance commitments, it is expected to have a positive accretive effect on the company's operating results, helping to break through the limitations of its existing main business and achieve strategic layout in emerging industries.
Hon Hai Precision Industry Co Ltd
Shenzhen Hui Chuang Da Technology Co.Ltd
Luxshare Precision Industry Co Ltd
BYD Co Ltd Class A
Lens Technology Co Ltd
Jiangsu Gian Technology Co Ltd
Foxconn Industrial Internet Co Ltd