Group 1 - The core viewpoint of the news is that Dadi Ocean is acquiring 100% of Zhejiang Huguo Waste Management Co., Ltd. for 135 million yuan, which is a strategic move to enhance its position in the waste resource utilization industry amid supportive policies for carbon neutrality and waste-free city initiatives [2][4]. Group 2 - In 2024, Dadi Ocean achieved a revenue of 947 million yuan, a year-on-year increase of 0.99%, and a net profit of 85.97 million yuan, reflecting a significant growth of 54.99% [3]. - The company has established a dual business system covering hazardous waste and electronic waste treatment, providing comprehensive services to over 8,000 waste-producing units in Zhejiang Province [3]. - Dadi Ocean's subsidiary, Shengtang Environmental Protection, accounted for 40.02% of the total standardized dismantling quantity of electronic waste in Zhejiang Province in 2024, maintaining its leading position [3]. Group 3 - The acquisition of Huguo will extend Dadi Ocean's business from industrial waste treatment to household waste recycling, creating a complete industrial chain from collection to dismantling and utilization [4]. - Huguo integrates internet, IoT, and big data technologies into waste recycling, achieving a revenue of 466 million yuan and a net profit of 54.31 million yuan in 2024 [4]. - The collaboration between Dadi Ocean and Huguo is expected to generate synergies in brand, channel, and technology, positioning the company as a leading service provider for waste-free city construction in China [4]. Group 4 - The recycling industry is entering a golden era due to supportive policies under the carbon peak and carbon neutrality strategy, which emphasize the importance of waste resource utilization [5][6]. - The comprehensive promotion of waste-free city initiatives is accelerating the development of the recycling industry, with Dadi Ocean poised to benefit from these policy advantages [6]. - The company is expected to enhance its market share through a combination of organic growth and external acquisitions, solidifying its competitive edge in the recycling sector [6].

Core Viewpoint - The company Dadi Ocean (301068.SZ) announced its intention to acquire 100% equity of Zhejiang Huguo Waste Management Co., Ltd. for 135 million yuan, marking a significant drop in valuation from 910 million yuan previously, indicating a valuation decrease of 85% over nearly three years [1][2][4][5]. Group 1: Acquisition Details - The acquisition will be funded through the company's own or raised funds, and it constitutes a related party transaction without being classified as a major asset restructuring [2][4]. - The ownership structure of Zhejiang Huguo will change to 100% held by Dadi Ocean post-acquisition, with the same controlling parties involved [3][4]. - This acquisition follows two previous failed attempts to acquire Zhejiang Huguo through share issuance and financing [1][4]. Group 2: Financial Analysis - The valuation of Zhejiang Huguo has drastically decreased from 910 million yuan to 135 million yuan, with the previous valuation based on a revenue-based assessment and the current one based on asset-based evaluation [5][6]. - As of early 2025, Dadi Ocean's cash reserves are 208 million yuan, while short-term borrowings amount to 244 million yuan, indicating potential liquidity challenges in funding the acquisition [5][6]. - Zhejiang Huguo's financial performance shows a net profit of 54.31 million yuan in 2024, but a decline to 4.29 million yuan in early 2025, suggesting a trend of increasing revenue without corresponding profit growth [6][7]. Group 3: Industry Context - The acquisition aims to enhance Dadi Ocean's position in the rapidly growing market for household waste recycling and resource utilization, which is seen as a new profit growth point [8][9]. - The waste recycling industry faces challenges such as incomplete regulatory frameworks and fluctuating raw material prices, which can impact the efficiency and profitability of recycling operations [9].

Core Viewpoint - The company, Dadi Ocean, is making a third attempt to acquire Zhejiang Huguo Waste Management Co., Ltd. for 135 million yuan, significantly lower than previous offers, amid performance pressures and a substantial decline in net profit in Q1 2025 [1][6][8]. Group 1: Acquisition Details - Dadi Ocean plans to acquire 100% of Zhejiang Huguo's shares, which integrates technology with waste recycling [3][9]. - The acquisition price has dropped by 7.75 billion yuan compared to previous attempts, reflecting an 85.16% decrease [6][7]. - The funding for the acquisition will come from the company's own or self-raised funds, with no adverse impact on its financial status [6]. Group 2: Financial Performance - In Q1 2025, Dadi Ocean reported a net profit decline of over 90%, marking its worst quarterly performance since going public [1][8]. - The company's revenue for Q1 2025 was approximately 212.9 million yuan, a 32.29% increase year-on-year, but net profit was only 731,000 yuan [8]. - The acquisition of Zhejiang Huguo is expected to enhance Dadi Ocean's profitability and operational efficiency if successful [6][8]. Group 3: Market Context - The waste resource utilization industry is projected to have significant growth potential driven by policy support, market demand, and technological innovation [10]. - The acquisition will allow Dadi Ocean to expand its business into the residential waste recycling market, enhancing its industry positioning [9].

Core Viewpoint - The acquisition of 100% equity in Zhejiang Huguo Waste Management Co., Ltd. by Dadi Ocean for 135 million yuan is a strategic move aligned with national policies on waste management and resource recycling, aiming to enhance the company's capabilities in the recycling industry [1] Group 1: Acquisition Details - The acquisition price is based on the net asset valuation, reflecting the major shareholder's commitment to the merger, with a valuation increase of 46.42 million yuan, representing a 52.39% appreciation [2] - Post-acquisition, Huguo will become a wholly-owned subsidiary, enhancing Dadi Ocean's profitability without negatively impacting its financial status [2] Group 2: Business Integration and Growth Potential - The integration of Huguo will allow Dadi Ocean to expand its business from industrial solid waste disposal to residential waste recycling, creating a closed-loop recycling industry chain [3] - Huguo has developed a standardized and replicable business model that combines technology with waste collection, projecting a revenue of 466 million yuan and a net profit of 54.31 million yuan in 2024 [3] Group 3: Synergy and Market Opportunities - Huguo's innovative waste collection model addresses low recycling rates and poor waste classification awareness, contributing to improved waste management recognized by the Ministry of Ecology and Environment [4] - The acquisition aligns with national policies promoting large-scale equipment updates and resource recycling, positioning Dadi Ocean for significant growth in the rapidly evolving recycling industry [4]

Group 1 - The company plans to acquire 100% equity of Zhejiang Huge Waste Management Co., Ltd. for 135 million yuan using its own or raised funds [1] - After the transaction, Huge will become a wholly-owned subsidiary of the company [1] - Huge is projected to generate an operating revenue of 466 million yuan and a net profit of 54.31 million yuan in 2024 [1] Group 2 - The transaction is classified as a related party transaction but does not constitute a major asset restructuring [1]

本资产评估报告依据中国资产评估准则编制 杭州大地海洋环保股份有限公司拟股权收购 涉及的浙江虎哥废物管理有限公司股东全部权益评估项目 资产评估报告 银信评报字（2025）第 C00085 号 (共一册,第一册) 银信资产评估有限公司 2025 年 5 月 12 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: | 3131020026202501100 | | --- | --- | | 合同编号: | HT2025-C00084 | | 报告类型: | 法定评估业务资产评估报告 | | 报告文号: | 银信评报字(2025)第C00085号 | | 报告名称: | 杭州大地海洋环保股份有限公司拟股权收购涉及的浙江虎哥 废物 管理有限公司股东全部权益评估项目资产评估报告 | | 评估结论: | 135,012,044.17元 | | 评估报告日: | 2025年05月12日 | | 评估机构名称: | 银信资产评估有限公司 | | 签名人员: | 徐俊霞 (资产评估师) 正式会员 编号:33210099 | | | 李梁超 (资产评估师) 正式会员 编号:33210084 | | | 徐俊霞、李梁 ...

杭州大地海洋环保股份有限公司 关于收购股权暨关联交易的公告 的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 特别提示： 1.杭州大地海洋环保股份有限公司（以下简称"公司"或"大地海洋"）拟以自有资金或自 筹资金人民币 13,501.20 万元收购唐伟忠先生、张杰来女士、唐宇阳女士、吕鹏先生、杭州九寅 企业管理咨询合伙企业（有限合伙）（以下简称"九寅合伙"）持有的浙江虎哥废物管理有限公 司（以下简称"虎哥"或"标的公司"）100%股权。本次交易完成后虎哥成为公司全资子公司。 证券代码：301068 证券简称：大地海洋 公告编号：2025-023 杭州大地海洋环保股份有限公司 2.本次交易构成关联交易，但不构成《上市公司重大资产重组管理办法》规定的重大资产重 组事项，亦不构成重组上市。 3．与本次交易相关的风险具体情况详见本公告"十、风险提示"，敬请广大投资者谨慎决 策，注意投资风险。 杭州大地海洋环保股份有限公司 反对，0 票弃权审议通过了《关于收购股权暨关联交易的议案》，关联董事唐伟忠先生回避 表决。本次关联交易已经公司第三届董事会审计委员会 2025 ...

浙江虎哥废物管理有限公司 审计报告及财务报表 2024年1月1日至2025年2月28日止 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（htm://acc.mof.org 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（htm://acc.mof.org.cn）" 报告编码:沪251 浙江虎哥废物管理有限公司 审计报告及财务报表 (2024年1月1日 至 2025年2月28日止) | 目录 | 页次 | | --- | --- | | 审计报告 | 1-3 | | 财务报表 | | | 合并资产负债表和母公司资产负债表 | 1-4 | | 合并利润表和母公司利润表 | 5-6 | | 合并现金流量表和母公司现金流量表 | 7-8 | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | 财务报表附注 | 1-90 | 立信会计师事务所(特殊普通合伙) bdo china shu lun pan certified public accountants LLP 审计报告 信会师报字[2025]第 ZF50075 号 浙江虎哥废物管理有限公司: 一、审计意见 我们审计了浙江 ...

杭州大地海洋环保股份有限公司 证券代码：301068 证券简称：大地海洋 公告编号：2025-021 杭州大地海洋环保股份有限公司 第三届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 二、董事会会议审议情况 经与会董事审议，会议通过如下议案： 1、审议通过《关于收购股权暨关联交易的议案》 结合公司整体战略布局，公司拟以自有资金或自筹资金收购浙江虎哥废物管 理有限公司（以下简称"标的公司"）100%的股权（以下简称"本次交易"）。 根据银信资产评估有限公司出具的【银信评报字（2025）第 C00085 号】《杭 州大地海洋环保股份有限公司拟股权收购涉及的浙江虎哥废物管理有限公司股 东全部权益评估项目资产评估报告》，截至评估基准日 2025 年 2 月 28 日，按资 产基础法评估，标的公司股权的评估价值为 13,501.20 万元，经各方协商一致， 杭州大地海洋环保股份有限公司 公司拟以人民币 13,501.20 万元收购标的公司 100%的股权。 本次交易将有利于公司整合业务资源，进一步完善公司产业链，对公司持续 经营能力和资产财 ...

杭州大地海洋环保股份有限公司 证券代码：301068 证券简称：大地海洋 公告编号：2025-022 杭州大地海洋环保股份有限公司 第三届监事会第十一次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 杭州大地海洋环保股份有限公司（以下简称"公司"）第三届监事会第十一 次会议于 2025 年 6 月 3 日（星期二）以现场举手表决的方式在公司会议室召开。 根据公司《监事会议事规则》第六条第二款"情况紧急，需要尽快召开监事会临 时会议的，可以随时通过口头或者电话等方式发出会议通知"，会议通知已于 2025 年 6 月 3 日通过电话通知的方式送达各位监事，召集人亦于会议上作出了 相应的说明。会议应出席监事 3 名，实际出席监事 3 名。 本次会议由监事会主席宋晓华女士召集和主持。本次会议的召开符合《公司 法》《公司章程》及有关法律、行政法规的要求，会议合法、有效。 经审核，监事会认为：（1）本次关联交易有利于公司整合业务资源，进一 步完善公司产业链，符合长期经营发展战略，符合公司和全体股东的利益，不存 在损害公司及股东特别是中 ...