WOLONG REAL ESTATE(SH:600173) Zheng Quan Shi Bao Wang·2025-01-17 05:50Core Viewpoint - Wolong Group is optimizing its industrial layout by pursuing a business transformation through the acquisition of stakes in four renewable energy companies, focusing on solar, energy storage, hydrogen, and wind power sectors, aiming to create new profit growth points [1][6] Group 1: Company Strategy - Wolong Real Estate announced plans to acquire 43.21% of Zhejiang Long Energy Power Technology Co., 80% of Zhejiang Wolong Energy Storage System Co., 51% of Wolong Yingnaide (Zhejiang) Hydrogen Energy Technology Co., and 70% of Shaoxing Shangyu Shunfeng Electric Power Co. [1] - The acquisition is part of a strategy to transition towards the renewable energy sector, enhancing the company's profit potential [1][6] - The four targeted companies reported a total net profit of approximately 71 million yuan for the first three quarters of 2024, with one company generating nearly 90 million yuan in profit while three others incurred losses totaling about 18 million yuan [2] Group 2: Industry Trends - The integrated development of "wind, solar, hydrogen, and storage" is a significant trend in the renewable energy sector, promoting high-quality development [4] - The synergy between wind and hydrogen storage is essential for optimizing clean energy consumption and stabilizing power output [4] - National policies are increasingly supporting the integrated development of wind, solar, hydrogen, and storage, as outlined in the "Hydrogen Energy Industry Medium- and Long-term Development Plan (2021-2035)" [5] Group 3: Financial Performance - Long Energy Power's net profit for the first three quarters of 2024 has already surpassed its total for the entire year of 2023, indicating strong growth potential [4] - The other three companies involved in the acquisition are currently operating at a loss, with net profits of -14.34 million yuan, -0.36 million yuan, and -0.037 million yuan respectively for the first three quarters of 2024 [5]