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    603596   CNE1000030Y7

BETHEL AUTOMOTIVE SAFETY SYSTEMS CO., LTD

(603596)
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Bethel Automotive Safety Systems Co., Ltd agreed to acquire the remaining 51% stake in Weihai Sabo Automotive Safety System Co., Ltd. from Sakthi Automotive Group USA Inc. for CNY 2.5 million ($0.4 million).

04/09/2021 EST

Bethel Automotive Safety Systems Co., Ltd (SHSE:603596) signed the equity transfer agreement to acquire the remaining 51% stake in Weihai Sabo Automotive Safety System Co., Ltd. from Sakthi Automotive Group USA Inc. for CNY 2.5 million ($0.4 million) on April 7, 2021. Following the completion of the transaction, Weihai Sabo Automotive Safety System Co., Ltd. will become a wholly owned subsidiary of Bethel Automotive Safety Systems Co., Ltd. In a related transaction, Bethel Automotive Safety Systems Co., Ltd (SHSE:603596) signed the equity transfer agreement to acquire the remaining 49% stake in Weihai Bethel Sakedi Automotive Safety System Co., Ltd. from Sakthi Automotive Group USA Inc. for approximately CNY 130 million ($19.6 million) on April 7, 2021. For the year ended December 31, 2020, Weihai Sabo Automotive Safety System Co., Ltd. reported total assets of approximately CNY 3.2 million, net assets of approximately CNY 3.2 million, operating revenue of approximately CNY 0.2 million, operating profit of approximately CNY 0.2 million and net profit of approximately CNY 0.2 million. The transaction is subject to shareholder approval of Bethel Automotive Safety Systems Co., Ltd and has been approved by the Board of Bethel Automotive Safety Systems Co., Ltd.


ę S&P Capital IQ 2021
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Financials
Sales 2021 3 603 M 567 M 567 M
Net income 2021 543 M 85,5 M 85,5 M
Net Debt 2021 - - -
P/E ratio 2021 63,2x
Yield 2021 0,16%
Capitalization 34 364 M 5 409 M 5 412 M
Capi. / Sales 2021 9,54x
Capi. / Sales 2022 7,72x
Nbr of Employees 2 064
Free-Float -
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Mean consensus BUY
Number of Analysts 6
Last Close Price 84,11 CNY
Average target price 61,03 CNY
Spread / Average Target -27,4%
EPS Revisions
Managers and Directors
Yong Bin Yuan Chairman & Chief Executive Officer
Zhong Xi Chen CFO, Board Secretary & Deputy General Manager
Bing Jun Gao Chairman-Supervisory Board
Mei Hua Luo Independent Director
Sheng Bao Zhai Independent Director