On December 27, 2025, Jinling Huasoft Technology Co., Ltd. (stock code: 002453, hereinafter referred to as “Huasoft Technology”) issued an important announcement. The announcement shows that the company has signed a “Transaction Intent Agreement” with nine shareholders of Shandong Laine Optoelectronic Technology Co., Ltd. (hereinafter referred to as “Laine Optoelectronic”), intending to acquire 67% of the equity of Laine Optoelectronic for an overall valuation not exceeding RMB 520 million. If the transaction is successfully completed, Laine Optoelectronic will become a holding subsidiary of Huasoft Technology and be included in its consolidated financial statements. This transaction does not constitute a related-party transaction and is not expected to constitute a major asset restructuring. Huasoft Technology stated that the main purpose of the acquisition is to broaden its industrial layout, form new performance growth points, and thereby improve the company’s profitability and sustainable operating capabilities. Next, let’s take a look at the fundamentals of the target company, Laine Optoelectronics. Founded in July 2004 with a registered capital of 24.97 million yuan, Laine Optoelectronics is a company specializing in the R&D and production of safety light curtains (safety light grids), measurement light curtains, detection light curtains, and safety control products. It primarily serves the automation manufacturing sectors of machinery, automobile manufacturing, and electronics, belonging to the industrial automatic control system device manufacturing industry (industry code C4011). The company was listed on the National Equities Exchange and Quotations (NEEQ) in November 2018, with the stock abbreviation “Laine Optoelectronics” and stock code 873059. As of June 30, 2025, the top ten shareholders of Laine Optoelectronics held a total of 98.79% of the shares. Xu Yiwu, Chen Peili, Shu Haitao, and Hu Guangkuo held 15.38%, 14.07%, 11.53%, and 11.53% of the shares, respectively. The company has no controlling shareholder; the actual controllers are Xu Yiwu, Shu Haitao, Hu Guangkuo, Chen Haitao, and Sun Qingtong.
According to financial data, Liann Optoelectronics achieved operating revenue of 153 million yuan and net profit attributable to the parent company of 35.866 million yuan in 2024; in the first half of 2025, it achieved operating revenue of 85.2356 million yuan and net profit attributable to the parent company of 19.2702 million yuan. As of December 31, 2024, its total assets were 180.5338 million yuan, total liabilities were 35.6697 million yuan, and net assets attributable to the parent company were 144.8642 million yuan; by June 30, 2025, total assets had changed to 150.3796 million yuan, total liabilities were 36.1852 million yuan, and net assets attributable to the parent company were 114.1944 million yuan.
Let’s look at the core terms of the transaction. According to the letter of intent, the transferor promises that Liann Optoelectronics will achieve a cumulative net profit of no less than RMB 120 million in 2026, 2027, and 2028 (whichever is lower before or after deducting non-recurring gains and losses). The overall valuation of the target company is tentatively set at no more than RMB 520 million, and the final transaction price will be determined through negotiation based on the valuation by the valuation agency. Huasoft Technology will pay a deposit of RMB 20 million within three working days after the agreement takes effect, with the payment ratio being 40% for Xu Yiwu, 30% for Hu Jinfang, and 30% for Shu Haitao. If the transaction is successful, the deposit will automatically become part of the transaction price. Both parties agree to sign the formal transaction documents within 15 working days after the completion of due diligence and the formal delisting of the target company. The due diligence work must be completed within one month after the signing of the agreement. The agreement also sets a three-month exclusivity period, during which the transferor shall not negotiate or reach an agreement with any third party regarding the acquisition of the target company’s equity. The agreement also clarifies that if the transaction fails due to reasons attributable to the transferor, the transferor must return the RMB 20 million deposit and pay a RMB 10 million penalty; if the transaction is terminated due to reasons attributable to Huasoft Technology, the deposit will not be refunded. Finally, a risk warning is issued. Huasoft Technology emphasizes that this is only an indicative agreement, and the transaction plan is subject to change. The final agreement will be subject to the official transaction documents. The company will fulfill its corresponding decision-making procedures and information disclosure obligations based on the progress. As the transaction is still in the planning stage, it is currently impossible to predict the specific impact on the company’s future operating performance. Investors should note that this acquisition is subject to uncertainty, and the company reminds investors to make prudent decisions and be aware of investment risks.
