CSBM(000158) 证券时报网·2024-10-29 04:14Core Viewpoint - The stock price of Changshan Beiming (000158.SZ) surged due to the announcement of asset restructuring, which involves divesting its textile business and acquiring new energy and smart city businesses, leading to a significant increase in market capitalization and stock performance [1][4][6]. Group 1: Asset Restructuring - On October 27, Changshan Beiming announced plans to divest its textile business and acquire 100% of the equity of Shijiazhuang Energy Investment Development Co., Ltd. and 80% of Shijiazhuang Smart Industry Co., Ltd. [2][4]. - The divested textile business is expected to provide over 1.5 billion yuan in cash flow, which will help the company focus on its core software business [4][5]. - The acquired assets, while currently unprofitable, are anticipated to create synergies with the existing software business, enhancing operational efficiency and market presence [3][4]. Group 2: Financial Performance - The textile business has been a significant drag on the company's financial performance, with cumulative losses of 2 billion yuan since 2016 [5]. - The newly acquired energy investment and smart industry businesses reported revenues of 11.42 million yuan and 27.89 million yuan respectively in 2023, but both are currently unprofitable [3][4]. - The company aims to leverage its software capabilities to improve the operational performance of the newly acquired businesses, potentially leading to profitability in the future [4][6]. Group 3: Market Reaction - Following the announcement, the stock price of Changshan Beiming rose to 28.19 yuan per share, marking a cumulative increase of over 300% since late August [1][6]. - The stock's performance has been influenced by the broader market trend of rising stocks related to Huawei's HarmonyOS, in addition to the asset restructuring news [6][7]. - Analysts suggest that the restructuring aligns with market expectations and could enhance the company's long-term growth prospects by focusing on its software business [4][7].