Sunway(603333) 新浪财经·2025-04-14 13:14Core Viewpoint - Fuhua Chemical has increased its stake in Shangwei Co., Ltd. to 19.56% through judicial auction, becoming the second-largest shareholder, which is expected to stabilize the company's operations and mitigate capital risks [1][3]. Group 1: Investment Details - Fuhua Chemical acquired 26 million shares of Shangwei Co., Ltd. for 122 million yuan, following a previous purchase of 10.46% equity for 300 million yuan, totaling an investment of 422 million yuan [1][3]. - The shareholding percentage of Fuhua Chemical rose from 4.92% to nearly 20% after these transactions [3]. Group 2: Company Background - Shangwei Co., Ltd. is a leading enterprise in the special cable industry in Southwest China, established in July 2003, and is recognized as a national high-tech enterprise [3][4]. - The company specializes in high-end special cable products, including cables for nuclear power plants, rail transit, and renewable energy applications [4][5]. Group 3: Strategic Implications - Fuhua Chemical's involvement is seen as a strategic move to support Shangwei Co., Ltd. amid challenges posed by the major shareholder's debt issues, showcasing its role as a leading enterprise in the local green chemical industry [3][5]. - The partnership between state-owned and private capital in Shangwei Co., Ltd. represents a new mixed-ownership model, aimed at mitigating historical equity pledge risks while enhancing market operational capabilities [3][5]. Group 4: Market Context - The local government supports Fuhua Chemical's investment in Shangwei Co., Ltd., emphasizing the importance of private sector development and the alignment with regional economic strategies [5].