Core Viewpoint - Xinghua Co., Ltd. is enhancing its control over Xinghua New Energy by acquiring an additional 20% stake, making it a wholly-owned subsidiary, which will streamline internal decision-making processes and improve operational efficiency [1] Group 1 - Xinghua New Energy is currently a subsidiary of Xinghua Chemical, with Xinghua Chemical holding 80% of its shares [1] - The acquisition will allow Xinghua Chemical to fully own Xinghua New Energy, thereby increasing its management control [1] - This move is expected to optimize the business and governance structure of Xinghua Chemical, leading to reduced operational costs [1]

Core Viewpoint - Xinghua Co., Ltd. is enhancing its control over Xinghua New Energy by acquiring an additional 20% stake, which will make it a wholly-owned subsidiary, thereby streamlining internal decision-making processes and improving operational efficiency [1] Group 1: Company Structure and Control - Xinghua New Energy is currently a subsidiary of Xinghua Chemical, with Xinghua Chemical holding 80% of its shares [1] - After the acquisition of the additional 20% stake, Xinghua New Energy will become a wholly-owned subsidiary of Xinghua Chemical [1] Group 2: Financial Metrics - As of June 30, 2025, Xinghua New Energy's debt-to-asset ratio is reported to be 10.34% [1] Group 3: Operational Efficiency - The acquisition is expected to optimize the business and governance structure of Xinghua Chemical, leading to improved operational efficiency and reduced operational costs [1]

Core Viewpoint - The company announced a cash acquisition of a 20% stake in its subsidiary, aiming to streamline operations and enhance efficiency [1][2]. Group 1: Transaction Details - The acquisition price is approximately 163 million yuan, based on the assessed value of 815 million yuan for 100% equity of the target company, with a slight increase in value of 3.77 million yuan, representing a 0.47% increase [2]. - The transaction is classified as a related party transaction, as the controlling shareholder holds 57.23% of the company's shares, but it does not constitute a major asset restructuring under relevant regulations [1][2]. Group 2: Financial Overview - As of June 30, 2025, the target company has total assets of 904 million yuan, total liabilities of 93.49 million yuan, and net assets of 811 million yuan [3]. - For the first half of 2025, the target company reported revenue of 241 million yuan and a net profit of 1.03 million yuan, while for the fiscal year 2024, it achieved revenue of 530 million yuan and a net profit of 5.27 million yuan [3]. Group 3: Operational Capacity - The company and its subsidiaries currently have a production capacity of 300,000 tons of synthetic ammonia, 300,000 tons of methanol, 100,000 tons of methylamine/DMF, 100,000 tons of ethanol, or 160,000 tons of methyl acetate [3].

Core Viewpoint - The company announced a cash acquisition of a 20% stake in its subsidiary, aiming to streamline operations and enhance efficiency through internal resource integration [1][2]. Group 1: Transaction Details - The acquisition price for the 20% stake in Xianghua New Energy is approximately 163 million yuan, based on an assessed value of 815 million yuan for 100% equity as of June 30, 2025 [1][2]. - The transaction is classified as a related party transaction, as the controlling shareholder, Yanchang Petroleum Group, holds 57.23% of Xianghua's shares [1][2]. - The assessment method used for the transaction was the asset-based approach due to the company's short establishment period and operational uncertainties, resulting in a 0.47% increase in asset value [2]. Group 2: Financial Performance - As of June 30, 2025, Xianghua New Energy reported total assets of 904 million yuan, total liabilities of 93.49 million yuan, and net assets of 811 million yuan [3]. - For the first half of 2025, the company generated revenue of 241 million yuan and a net profit of 1.03 million yuan, while in 2024, it achieved revenue of 530 million yuan and a net profit of 5.27 million yuan [3]. - Xianghua Chemical and its subsidiaries currently have a production capacity of 300,000 tons of synthetic ammonia, 300,000 tons of methanol, and other chemical products [3].

Core Viewpoint - Xinghua Co., Ltd. plans to optimize its business and governance structure by transferring 20% equity of Xinghua New Energy through a non-public agreement, aiming to reduce operational costs and improve efficiency [1] Group 1 - The transaction will be executed by Xinghua Chemical, a wholly-owned subsidiary of Xinghua Co., Ltd., using self-owned or self-raised funds [1] - The transfer price for the 20% equity stake is set at RMB 162.9442 million, based on the assessed value of 100% equity as of the evaluation benchmark date of June 30, 2025 [1]

Core Viewpoint - Xinghua Co., Ltd. announced a strategic move to optimize its business structure and governance by transferring a 20% stake in Xinghua New Energy for approximately RMB 163 million, aiming to reduce operational costs and improve efficiency [1] Group 1: Company Actions - Xinghua Co., Ltd. plans to transfer a 20% stake in its subsidiary Xinghua New Energy through a non-public agreement using self-owned or self-raised funds [1] - The transfer price is based on the assessed value of 100% equity of Xinghua New Energy as of the evaluation benchmark date, amounting to approximately RMB 163 million [1] Group 2: Financial Overview - For the first half of 2025, Xinghua Co., Ltd.'s revenue composition is heavily weighted towards the chemical sector, with chemicals accounting for 99.36% of total revenue, while other businesses contribute only 0.64% [1] - As of the report date, the market capitalization of Xinghua Co., Ltd. stands at RMB 4.9 billion [1]

陕西延长石油兴化新能源有限公司 审计报告 华兴审字[2025]25009840015 号 华兴会计师事务所(特殊普通合伙) 兴会计师事务所(特殊普通合伙 IG CERTIFIED PUBLIC ACCOUNTAN 152号中 | 大 厦 R 座 6-9 楼 电话(Tel):0591-87852574 告 华兴审字[2025] 25009840015号 陕西延长石油兴化新能源有限公司: 电话(Tel):0591-87852574 Http://www.fihxcpa.com 真(Fax): 0591-87840 邮政编码(Postcode):350003 一、审计意见 三、其他事项-对审计报告的发送对象和使用的限制 我们审计了陕西延长石油兴化新能源有限公司(以下简称贵公司)财务 报表,包括2025年6月30日的资产负债表,2025年1-6月的利润表、现金流量 表、所有者权益变动表以及相关财务报表附注。 我们的报告仅用于贵公司的母公司陕西延长石油兴化化工有限公司购买 少数股东权益之目的使用,不得用作任何其他目的。本段内容不影响已发表 的审计意见。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编 制 ...

粤开证券股份有限公司 关于陕西兴化化学股份有限公司全资子公司收购兴化新能 源 20%股权暨关联交易的核查意见 粤开证券股份有限公司（以下简称"粤开证券"或"本保荐人"）作为陕西 兴化化学股份有限公司（以下简称"公司"或"兴化股份"）向特定对象发行 A 股股票的保荐人，根据《证券发行上市保荐业务管理办法》《深圳证券交易所股 票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司 规范运作》等法律法规和规范性文件的要求，对兴化股份全资子公司陕西延长石 油兴化化工有限公司（以下简称"兴化化工"）收购陕西延长石油兴化新能源有 限公司（以下简称"兴化新能源"）20%股权暨关联交易的事项进行了核查，具 体情况如下： 一、关联交易基本情况 （一）基本情况 为整合公司内部资源，简化决策流程，进一步优化兴化化工的业务结构与治 理结构，进而降低运营费用和成本，提高运营效率，兴化化工拟通过非公开协议 转让的方式，以自有资金或自筹资金通过现金方式收购陕西延长石油（集团）有 限责任公司（以下简称为"延长集团"，为公司控股股东）持有的兴化新能源 20%股权。本次收购完成后，兴化新能源将成为兴化化工全资子公司。本次交易 ...

本报告依据中国资产评估准则编制 陕西兴化化学股份有限公司子公司陕西延长石油兴化 化工有限公司拟收购股权涉及陕西延长石油兴化新 能源有限公司 股东全部权益价值 资产评估报告 中和评报字(2025)第 XAV1233 号 (共一册,第一册) 中和資産評估有限公司 ZhongHe Appraisal Co.,Ltd. 二〇二五年九月二十六日 中国资产评估协会 资产评估业务报告备案回执 | 报告编码: | 6111020179611201202500350 | | --- | --- | | 合同编号: | 2025XAV1233 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 中和评报字(2025)第XAV1233号 | | 报告名称: | 陕西兴化化学股份有限公司子公司陕西延长石油兴化化工有限公 司拟收购股权涉及陕西延长石油兴化新能源有限公司股东全部权 益价值 | | 评估结论: | 814,720,839.00元 | | 评估报告日: | 2025年09月26日 | | 评估机构名称: | 中和资产评估有限公司 | | 签名人员: | 余尚军 (资产评估师) 正式会员 编号:61210 ...

陕西兴化化学股份有限公司 董事、高级管理人员离职管理制度 第一章 总 则 第一条 为了规范陕西兴化化学股份有限公司（以下简称 公司）董事、高级管理人员离职程序，保障公司治理结构的稳 定性及股东的合法权益，根据《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司章程指引》《深圳证券交易所股 票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号— 1 / 8 目 录 第一章 总则 第二章 离职情形与生效条件 第三章 移交手续与未结事项处理 第四章 离职董事及高级管理人员的责任与义务 第五章 附则 —主板上市公司规范运作》等法律、行政法规、部门规章、规 范性文件及《公司章程》等有关规定，制定本制度。 第二条 本制度适用于公司全体董事（含独立董事和职工 代表董事）及高级管理人员的辞任、任期届满、被解除职务或 其他原因离职的情形。 第二章 离职情形与生效条件 第三条 董事、高级管理人员候选人的任职资格应当符合 法律法规、深圳证券交易所业务规则和《公司章程》等规定。 有下列情形之一的，不能担任公司的董事或者高级管理人员： （一）无民事行为能力或者限制民事行为能力； 业的法定代表人，并负有个人责任的，自该公司 ...