NCFC(SH:600889) Zheng Quan Zhi Xing·2025-05-12 14:47Core Viewpoint - Nanjing Chemical Fiber Co., Ltd. is undergoing a significant asset restructuring, which includes the issuance of shares and cash payments for asset acquisitions, with the aim of enhancing its operational capabilities and market position [11][12][13]. Company Overview - Nanjing Chemical Fiber Co., Ltd. was established on June 25, 1992, and has undergone several transformations, including public offerings and stock adjustments, leading to a total share capital of 12,426.72 million shares by 1999 [2][3][4]. - The company operates in the chemical fiber manufacturing industry and has a registered capital of 9,000 million yuan [11][12]. Financial Restructuring Details - The proposed restructuring involves a major asset swap, issuance of shares, and cash payments for asset acquisitions, with a total asset evaluation of 72,927.12 million yuan for the assets being disposed of and 160,667.57 million yuan for the assets being acquired [12][13]. - The restructuring is contingent upon approvals from the shareholders and regulatory bodies, with the expectation that it will be completed by January 1, 2024 [14][16]. Accounting Policies - The financial statements are prepared in accordance with the relevant Chinese accounting standards, reflecting the company's financial position as of December 31, 2024, and its operational results for the year [16][28]. - The company employs specific accounting policies and estimates tailored to its production and operational characteristics, ensuring compliance with the applicable regulations [16][28]. Shareholder Information - The company has a history of distributing dividends and issuing shares to its shareholders, with recent decisions including cash dividends of 0.01 yuan per share in 2019 and 0.02 yuan per share in 2021 [8][11].