The share price of the Apple supplier has fallen 30% this year, and the company that wants to cut into the target of new energy vehicles through mergers and acquisitions lost nearly 17 million in April.

Recently, the news of the giant "building cars" continues to stir up the market nerves, and more and more companies are planning to join the new energy vehicle supply chain. On the evening of June 14, 002600.SZ announced that it plans to buy a 95 per cent stake in Zhejiang Jintai for 38 million yuan, which will be used by the company to enter the field of new energy vehicles after the deal is completed.

According to the company's announcement, "Zhejiang Jintai is a major international and domestic customer in the new energy automobile industry. After the completion of the transaction, it will provide strong protection for customers in terms of capital, research and development, quality, production, order delivery and other aspects." and seek more extensive and in-depth cooperation. "

According to public media reports, a person in charge of Zhejiang Jintai once said that the company has become a partner with lithium battery suppliers of well-known car companies such as Mercedes-Benz, BMW and Porsche, and has become a supplier of Tesla soft connection products in 2020.

However, as far as the financial data disclosed by Linyi Zhizao is concerned, there are some problems in the profitability of Zhejiang Jintai. Zhejiang Jintai lost 16.58 million yuan in the first four months of this year, compared with a net profit of 1.1516 million yuan for the whole of last year. In this regard, the reporter contacted the relevant person in charge of Leiyi Intelligence, but as of the press release, the company did not give a response.

The intention of LinkedIn to enter the new energy automobile industry has a long history. The reporter learned that as early as in the 2017 annual report, the company said that it "intends to explore the development opportunities of the new energy vehicle industry and enhance the company's ability to resist risks." In 2020, the company said publicly on the investor platform that the company intends to use automotive electronics as the entry point to open up the new energy vehicle market. In the 2020 annual report, the company has referred to the new automobile field (referring to the current smart vehicles and new energy vehicles) as "the industry and area that the company focuses on".

As an Apple supplier, LinkedIn has always attracted the attention of the market. However, due to the early "fruit chain" companies were removed from the list of suppliers and suffered a huge impairment of assets, the market is also worried about Apple concept stocks. Leiyi's shares have fallen more than 30 per cent since the start of the year. The reporter also noted that the company's top five customers accounted for 44% of sales in 2020, of which the top two customers accounted for nearly 30%. At the same time, the company's largest customer sales increased from 3.8 billion yuan in 2019 to nearly 6 billion yuan, and the second largest customer increased from 1.6 billion yuan in 2019 to 2.4 billion yuan.

It is worth noting that LinkedIn has been looking for business breakthroughs since the beginning of this year. In addition to this acquisition, the company's H-share listing plan is still in progress. At present, the CSRC has received overseas IPO-related materials; the company has also invested 2.2 billion yuan in smart technology projects to research, develop, produce and sell mobile phones and computer components.