Efort: The due diligence and related work for the proposed acquisition of Shanghai Shengpu equity are underway.

Radar Finance Text | Feng Xiuyu Editor | Li Yihui

On March 9th, Efort Intelligent Robotics Co., Ltd. (Stock Code: 688165) announced that the company plans to acquire 100% of the shares of Shanghai Shengpu Fluid Equipment Co., Ltd. through issuing shares and paying cash. This transaction is expected to constitute a major asset restructuring but does not constitute a related-party transaction or a reorganization listing, and will not result in a change of the company’s actual control.

Currently, the company and relevant parties are actively advancing the related work for this transaction, including due diligence, auditing, and valuation. The transaction still requires several approval procedures, including board approval, approval from the state-owned assets supervision and administration department, shareholder approval, review by the Shanghai Stock Exchange, and registration approval by the China Securities Regulatory Commission.

According to Tianyancha data, Efort was established on August 2, 2007, with a registered capital of 521.78 million RMB. The legal representative is You Wei, and the registered address is No. 96 Wanchun East Road, Wuhu Area, China (Anhui) Pilot Free Trade Zone. Its main business involves the research and development, production, and sales of core components, complete machines, and system integration for industrial robots.

Currently, the company’s chairman is You Wei, the secretary of the board is Kang Bin, with 1,198 employees. The actual controller is the Wuhu Municipal State-owned Assets Supervision and Administration Commission.

The company has stakes in 28 subsidiaries, including CMA Roboter GmbH, Efort Europe S.r.l., Efort France S.A.S., O.L.C.I. ENGINEERING INDIA PRIVATE LIMITED, and Shanghai Eqi Robot Technology Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 1.328 billion yuan, 1.886 billion yuan, and 1.373 billion yuan, respectively, with year-over-year growth of 15.73%, 42.11%, and -27.21%. Net profit attributable to the parent was -173 million yuan, -47.448 million yuan, and -157 million yuan, with year-over-year growth of 10.63%, 72.55%, and -231.22%. During the same period, the company’s asset-liability ratio was 47.16%, 45.97%, and 53.55%.

Regarding risks, Tianyancha information shows the company has 235 internal Tianyan risks, 3,600 surrounding Tianyan risks, 289 historical Tianyan risks, and 321 early warning Tianyan risks.