High Vote Approval! This A-Share Company Transforms Into AI
【Overview】Lionhead Technology Development Co.,Ltd. shareholder meeting approves acquisition of Liper Technology with overwhelming votes
Lionhead Technology Development Co.,Ltd.'s transformation into the artificial intelligence sector has achieved significant progress.
On August 22, Lionhead Technology Development Co.,Ltd.'s first extraordinary shareholder meeting of 2025 approved 25 proposals with overwhelming votes, including the "Report on the Company's Issuance of Shares and Payment of Cash to Purchase Assets and Raise Supporting Funds and Related Party Transactions (Draft)." This marks important progress in Lionhead Technology Development Co.,Ltd.'s acquisition of Hangzhou Liper Technology Co., Ltd. (hereinafter referred to as "Liper Technology").
Clearly, amid the artificial intelligence wave, Lionhead Technology Development Co.,Ltd., whose main business is traditional e-commerce, is anchoring itself in the machine vision track within artificial intelligence, attempting to quickly enter the thriving AI sector through acquiring industry "hidden champion" Liper Technology.
**Aims to Become Leading Domestic Machine Vision Company**
"Lionhead Technology Development's acquisition of Liper is not a short-term opportunity, but a major strategic move where my team and I have deeply analyzed the manufacturing industry's intelligent upgrade trend over the next decade, leveraging Liper Technology's long-term expertise in artificial intelligence algorithms to seize the opportunity of AI empowering traditional manufacturing," stated Wu Liangyi, President of Lionhead Technology Development Co.,Ltd., during communications with shareholders and media in Taiyuan, Shanxi.
Data shows that as the "eyes" of intelligent manufacturing, machine vision is experiencing explosive growth. Currently, Cognex from the United States and Keyence from Japan monopolize over 50% of global market share. In the domestic market, there is no leading enterprise in this industry yet.
Lionhead Technology Development's goal in acquiring Liper Technology is to develop into the leading domestic machine vision industry company.
Liper Technology's founding team and core technical team include multiple Zhejiang University doctoral graduates. Among them, Chairman and General Manager Wang Xulongqi holds a doctorate in Optical Engineering from Zhejiang University, while R&D Director Jin Bingwen holds a doctorate in Computer Science and Technology from Zhejiang University. As of the end of 2024, the company had approximately 400 employees, with 150 R&D personnel, accounting for about 40%.
Notably, Yuanhe Puhua, a well-known semiconductor investment institution in the industry, is an important shareholder of Liper Technology. After completion of this transaction (including supporting financing), Yuanhe Puhua will hold 2.11% of Lionhead Technology Development's shares.
Currently, machine vision technology is transitioning from 2D to 3D, from traditional algorithms to deep learning, and from single imaging to multimodal fusion. Liper Technology has been established in these new directions for years, with core products being AI algorithm-based software and solutions that possess strong universality and extensibility. In the future, Lionhead Technology Development will continue and strengthen its "software-centric, hardware-supplementary" strategic path to further enhance user experience and customer stickiness.
According to introduction, Liper Technology currently mainly serves advanced manufacturing industries such as new energy, semiconductors, and consumer electronics. It has achieved market leadership in the photovoltaic industry and is deeply integrated with leading companies in various emerging downstream manufacturing industries. Lionhead Technology Development Co.,Ltd. will cultivate growth potential in consumer markets through diversified customer deployment, forming a "industrial + consumer" dual-drive business model, deeply cultivating along the path of "AI empowering traditional manufacturing."
**Detailed Performance Commitments**
According to the restructuring plan, Lionhead Technology Development Co.,Ltd. intends to acquire 97.44% equity of Liper Technology held by 14 transaction counterparties including Wang Xulongqi, Deng Haoyu, and Li Yanheng through a combination of share issuance and cash payment.
From 2023 to 2024, Liper Technology's net profit attributable to parent company was 24.087 million yuan and 33.146 million yuan respectively. Wang Xulongqi, Deng Haoyu, and Liper Investment have made performance commitments that Liper Technology's net profit excluding non-recurring gains and losses from 2025 to 2027 will be no less than 33 million yuan, 46 million yuan, and 62 million yuan respectively.
Why is the 2025 committed performance lower than 2024's net profit attributable to parent company? In fact, Liper Technology's 2024 net profit included non-recurring gains and losses, with adjusted core business recurring net profit at 25.08 million yuan. Based on this benchmark, Liper Technology's 2025 committed net profit excluding non-recurring gains and losses actually grows by at least 31%.
It's noteworthy that this performance commitment explicitly uses recurring profit as the assessment indicator, with government subsidies and other non-recurring income excluded from the commitment scope. Recurring profit comes entirely from main business operations and directly reflects the company's market competitiveness.
Additionally, compared to the performance disclosed in the early transaction plan (Liper Technology achieved net profits of 28.647 million yuan and 41.095 million yuan in 2023 and 2024), the latest draft data has "shrunk" somewhat. However, this variance is due to changes before and after auditing, with the latest financial data excluding non-core business and incidental factor impacts, better reflecting the actual profitability of main business operations.
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