YCXN(SZ:300080) Zheng Quan Shi Bao Wang·2025-04-01 06:04Core Viewpoint - The company has announced the acquisition of a 70% stake in Meishan Lake Technology Co., Ltd. from Hainan Jinhaitang Technology Co., Ltd., which is expected to enhance its production capacity in the graphite electrode sector and align with its long-term strategic goals [1][4]. Group 1: Acquisition Details - The company, along with its management shareholding platform, will acquire 65.55% of Meishan Lake for 73.5739 million yuan at a price of 0.7483 yuan per share [1]. - Following the transaction, Hainan Jinhaitang's stake in Meishan Lake will decrease from 90% to 20%, allowing the company to gain control over Meishan Lake [1]. - Meishan Lake is recognized as a national high-tech enterprise and has established production projects for ultra-high-power graphite electrodes and lithium battery anode materials [4]. Group 2: Financial Performance - In 2024, the company reported a net profit of -851 million yuan, primarily due to significant losses in the photovoltaic sector and substantial asset impairment provisions [3]. - The company’s revenue for 2024 was 3.422 billion yuan, a decrease of 6.462 billion yuan (65.38%) compared to the previous year, attributed to the sale of equity in Pingmei Longji and reduced sales of battery products [2]. - For the first nine months of 2024, the company recorded a total profit of -493 million yuan and a net profit of -371 million yuan [3]. Group 3: Strategic Implications - The acquisition of Meishan Lake is seen as a strategic move to bolster the company's core business in graphite electrodes, leveraging the advantageous production costs in the region [4]. - The company aims to enhance its production capacity and strengthen its market position in the graphite electrode industry through this acquisition [4].