HST(SH:600817) Chang Jiang Shang Bao·2025-04-25 00:39Core Viewpoint - Yutong Heavy Industry is focusing on its core business by divesting its stake in Aolande Environmental Technology Co., Ltd to enhance operational quality and concentrate on manufacturing sectors such as new energy sanitation equipment and mining equipment [1][5]. Financial Performance - In 2024, Yutong Heavy Industry achieved a record revenue of 3.799 billion yuan, representing a year-on-year increase of 30.67%, and a net profit of 227 million yuan, up 3.97% [6][7]. - The company plans to distribute a cash dividend of 2.8 yuan per 10 shares, totaling 149 million yuan, which accounts for 89.04% of the net profit attributable to shareholders in 2024 [2][7]. Equity Transfer Details - Yutong Heavy Industry's subsidiary intends to publicly transfer 85% of its stake in Aolande, with a total listing price of 477 million yuan, including 303 million yuan for 72.25% equity and 120 million yuan for debt [1][4][5]. - The estimated value of Aolande's 100% equity is 420 million yuan, reflecting a 35.14% increase over its book value of 311 million yuan [5]. Strategic Focus - The divestment is aimed at avoiding competition in the sanitation service sector and aligning with the company's strategic development needs [5]. - Yutong Heavy Industry is committed to enhancing its research and development capabilities in areas such as new energy systems and autonomous driving, with a dedicated team of 214 personnel in sanitation equipment R&D [7]. Future Goals - For 2025, Yutong Heavy Industry has set a revenue target of 4.04 billion yuan and plans to invest 28 million yuan in projects to ensure stable growth [8].