Core Viewpoint - Shandong Shengli Co., Ltd. (stock code: 000407) is set to resume trading on November 11, 2025, after announcing plans to acquire gas-related assets controlled by its major shareholder and related parties through a combination of issuing shares and cash payments [1][4][7]. Group 1: Company Announcement - The company has been suspended from trading since October 28, 2025, due to the planned acquisition and fundraising activities, which were deemed to have uncertainties that could significantly impact trading [5]. - The company aims to enhance its profitability and market position in the gas industry through this acquisition, which aligns with industry development trends and is expected to strengthen its core competitiveness [7]. Group 2: Financial Performance - In the first three quarters of the year, the company reported a revenue of 3.042 billion yuan, a year-on-year decrease of 5.07%, while the net profit attributable to shareholders was 120 million yuan, reflecting a year-on-year increase of 9.43% [8]. Group 3: Transaction Details - The acquisition involves a 51% stake in a company and a 40% stake in Qinghai Zhongyou Ganhe Industrial Park Gas Co., Ltd., with the goal of integrating industry resources and enhancing operational capabilities [6][7]. - The transaction is classified as a major asset restructuring but will not constitute a restructuring listing according to the regulations [7].

Core Viewpoint - The company plans to acquire gas-related assets controlled by its major shareholder and related parties through a combination of share issuance and cash payment, aiming to enhance its market position and operational efficiency in the gas industry [1][2]. Group 1: Transaction Details - The transaction involves acquiring 100% equity of Zhongyou Zhuhai, 100% equity of Tianda Shengtong, and 51% and 40% equity of Nantong Zhongyou and Ganhe Zhongyou, respectively, leading to full control over these entities post-transaction [1]. - The total amount of funds raised will not exceed 100% of the asset purchase price, with the number of shares issued not exceeding 30% of the total share capital after the transaction [1]. - Funds will be allocated for cash payments, intermediary fees, and to supplement working capital or repay bank loans, with a cap of 25% of the transaction price or 50% of the total raised funds for working capital and debt repayment [1]. Group 2: Strategic Implications - The target companies provide natural gas application services across industrial, commercial, and residential sectors, allowing the company to leverage synergies and enhance profitability [2]. - The transaction aligns with industry development trends and is expected to significantly strengthen the company's core competitiveness and market position in the gas business [2]. - The company remains under the control of Xu Tieliang post-transaction, with no change in control anticipated [2]. Group 3: Company Background - The company is a key enterprise supported by the Shandong provincial government, holding significant positions in the natural gas and plastic pipeline sectors, with over 30 subsidiaries and 14 regional gas operating rights [2]. - It serves over 1.5 million users and aims to optimize its gas business layout and increase market share through the acquisition of quality assets [2]. - For the first three quarters of 2025, the company reported revenues of 3.042 billion yuan and a net profit of approximately 120 million yuan [3].

Core Viewpoint - Victory Co., Ltd. (000407) is set to resume trading on November 11, 2025, following announcements regarding a significant asset acquisition involving gas-related assets controlled by its major shareholder and affiliates [2][4]. Group 1: Transaction Details - The company plans to acquire 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tianda Litong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai through a combination of share issuance and cash payment [1][4]. - This transaction is expected to enhance the company's core competitiveness and market position in the gas business, aligning with industry development trends [4]. Group 2: Financial Performance - For the first three quarters of the year, the company reported a revenue of 3.042 billion yuan, a decrease of 5.07% year-on-year, while the net profit attributable to shareholders increased by 9.43% to 120 million yuan [4][5]. - The company aims to improve total assets, net assets, operating income, and net profit through this transaction, which is anticipated to provide stable returns to investors [4].

Group 1 - The core point of the news is that Shengli Co., Ltd. plans to acquire gas-related assets controlled by its controlling shareholder and related parties through a combination of issuing shares and cash payment, with the stock resuming trading on November 11 [1] - The transaction involves acquiring 100% equity of Zhongyou Zhuhai, 100% equity of Tianda Shengtong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou, which will enhance the company's control over these assets [1][2] - The acquisition is expected to constitute a major asset restructuring and related party transaction, but it will not result in a restructuring listing [1] Group 2 - The target companies provide natural gas application services to industrial, commercial, and residential sectors, which aligns with industry development trends [2] - The transaction aims to leverage synergies, integrate industry resources, enhance profitability, and deepen the company's layout in the gas industry [2] - After the transaction, the company's main business scope will remain unchanged, but its core competitiveness in the gas business will be further strengthened [2]

Core Viewpoint - Victory Co., Ltd. (000407) is set to resume trading on November 11, 2025, following announcements regarding a significant asset acquisition involving gas-related assets controlled by its major shareholder and affiliates [2][4]. Group 1: Acquisition Details - The company plans to acquire 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tiandali Tong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai through a combination of share issuance and cash payment [1][4]. - This acquisition is expected to enhance the company's core competitiveness and market position in the gas business, aligning with industry development trends [4]. Group 2: Financial Performance - In the first three quarters of the year, the company reported a revenue of 3.042 billion yuan, a decrease of 5.07% year-on-year, while the net profit attributable to shareholders increased by 9.43% to 120 million yuan [4][5]. - The company aims to improve total assets, net assets, operating income, and net profit post-transaction, thereby enhancing profitability and providing stable returns to investors [4].

Core Viewpoint - Victory Co., Ltd. (000407) is set to resume trading on November 11, 2025, following announcements regarding a significant asset acquisition involving gas-related assets controlled by its major shareholder and affiliates [2][3]. Group 1: Transaction Details - The company plans to acquire 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tiandali Tong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai through a combination of share issuance and cash payment [1][3]. - This transaction is expected to enhance the company's core competitiveness and market position in the gas business, aligning with industry development trends [3]. Group 2: Financial Performance - For the first three quarters of the year, the company reported revenue of 3.042 billion yuan, a decrease of 5.07% year-on-year, while net profit attributable to shareholders increased by 9.43% to 120 million yuan [3][4]. - The company’s operational cash flow showed a significant improvement, with a net cash flow from operating activities increasing by 31.31% [4].

Core Viewpoint - The company plans to acquire gas-related assets controlled by its major shareholder and related parties through a combination of issuing shares and cash payments, aiming to enhance its market position in the gas industry [1] Group 1: Transaction Details - The transaction includes acquiring 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tiandali Tong, and 51% equity of Nantong Zhongyou and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai [1] - After the transaction, the company will hold 100% of Zhongyou Zhuhai, 100% of Tianda Shengtong, 80% of Ganhe Zhongyou, and 100% of Nantong Zhongyou [1] - As of the signing date of the proposal, the auditing and evaluation of the target companies have not been completed, and the valuation and transaction price of the target assets are yet to be determined [1] Group 2: Strategic Implications - The target companies provide natural gas application services to industrial, commercial, and residential sectors [1] - The transaction is expected to leverage synergies, integrate industry resources, enhance profitability, and deepen the company's layout in the gas industry [1] - This acquisition aligns with industry development trends and is anticipated to significantly strengthen the company's core competitiveness and market position in the gas business [1]

Company Information - Victory Co., Ltd. (SZ 000407) announced that its stock will resume trading on November 11, 2025 [1] - As of the latest report, the market capitalization of Victory Co., Ltd. is 3.3 billion yuan [1] Revenue Composition - For the first half of 2025, the revenue composition of Victory Co., Ltd. is as follows: natural gas and value-added services account for 76.33%, while other plastic manufacturing accounts for 23.67% [1]

Core Viewpoint - The company, Victory Co., Ltd. (000407), announced a restructuring plan to acquire gas-related assets controlled by its major shareholder and affiliates through a combination of share issuance and cash payment [1] Group 1: Acquisition Details - The transaction involves acquiring 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tianda Shengtong held by Tianda Litong, 51% equity of Nantong Zhongyou held by Zhongyou Zhongtai, and 40% equity of Ganhe Zhongyou held by Zhongyou Zhongtai [1] - Following the completion of the transaction, the company will hold 100% of Zhongyou Zhuhai, 100% of Tianda Shengtong, 80% of Ganhe Zhongyou, and 100% of Nantong Zhongyou [1] Group 2: Current Status - As of the date of the announcement, the auditing and evaluation of the target companies have not been completed, and the valuation of the target assets and transaction price are yet to be determined [1] - The company's stock will resume trading on November 11 [1]

Core Viewpoint - China Oil Gas (00603) has announced a share issuance and cash payment agreement with Shengli Shares (000407) to acquire several assets, marking a significant strategic move in its expansion plans [1] Group 1: Transaction Details - The proposed transaction involves Shengli Shares acquiring 100% equity of China Oil Zhuhai, 100% equity of Tianda Shengtong, 51% equity of Nantong Zhongyou, and 40% equity of Ganhe Zhongyou [1] - The share issuance price for the asset purchase is set at RMB 3.07 per share [1]