Shenzhen Securities Transaction:
According to the inquiry letter issued on April 10, 2026, regarding the asset purchase application by Guangzhou Ruili Technology Co., Ltd. (Inquiry No. [2026] 130008), the company has responded to the inquiry and provided its core review opinions.
Question 2: Regarding Revenue Assessment
The application documents indicate: (1) This transaction adopts revenue assessment as the basis for the final evaluation, with the target asset's evaluation value being 101,000,000 yuan, an increase of 146.86%. The target asset's stock value is 1,600,000 yuan. (2) The revenue forecast for 2026, 2027, 2028, 2029, and 2030 shows increases of 25.17%, 12.12%, 8.34%, 7.50%, and 6.07%, respectively.
Main Business Situation Analysis
The report indicates that the main products are used for ABS and ESC. The sales volume and unit price for the main products in the two-wheeled vehicle and automotive markets are as follows:
| Category | 2025 (Jan-Sep) | 2024 (Year) | 2023 (Year) |
|---|---|---|---|
| PCBA (for two-wheeled vehicles ABS) | 35.42 | 79.97 | 15.95 |
| PCBA (for automotive ABS) | 28.67 | 103.48 | 38.89 |
| PCBA (for automotive ESC) | 11.30 | 171.53 | 26.35 |
(1) The sales volume of PCBA for two-wheeled vehicles ABS is expected to increase significantly, with a projected growth of 2025 compared to 2024. (2) The sales volume of PCBA for automotive ABS is also expected to rise, driven by market demand.
Market Demand Changes
Based on the market data, the sales volume for two-wheeled vehicles is projected to reach 2,210.93 million units, an increase of 10.69% and 10.25%. The automotive market is expected to grow as well, with sales reaching 5,913 million units, an increase of 7.51%.
Conclusion
The company is committed to maintaining stable growth in the automotive and two-wheeled vehicle markets. The projected revenue for 2026 is expected to be 101.89 million yuan, with a potential increase in sales volume.
Market Analysis and Forecast
As of the first quarter of 2026, the company is implementing the ABS product sales forecast based on the support data from the ABS products of the company. The sales volume is expected to reach 28.40 million units, accounting for approximately 28.40% of the annual sales forecast.
Sales Forecast and Analysis
The actual sales volume for the first quarter of 2026 is expected to reach 32.28 million units, which represents 55.22% of the annual sales forecast.
Market Demand and Supply
The demand for the automotive market is driven by the need for industry upgrades and technological advancements. The company will provide a range of products and services to meet the market's evolving needs. The sales forecast for ABS products is expected to increase by 2% to 5% annually, with a focus on market expansion and product optimization.