SONGFA(SH:603268) Zheng Quan Shi Bao Wang·2025-05-18 12:11Group 1 - *ST Songfa has received approval from the China Securities Regulatory Commission for a major asset swap and share issuance to acquire 100% equity of Hengli Heavy Industry Group Co., Ltd [1] - The transaction includes three parts: asset swap, share issuance for asset purchase, and raising supporting funds not exceeding 4 billion yuan [1] - The estimated transaction price for the assets to be disposed of is 513 million yuan, while the assets to be acquired are valued at 8 billion yuan [1] Group 2 - The transaction aligns with China's "Shipbuilding Power" strategy and the "Two Reforms and Two Innovations" policy, focusing on high-end equipment safety capability construction [2] - Hengli Heavy Industry aims to build a world-class green shipbuilding and high-end equipment manufacturing base, having acquired STX (Dalian) assets for 2.11 billion yuan [2] - The Hengli Heavy Industry industrial park has commenced full operations, with additional investments of 9.2 billion yuan for the second phase project and 2 billion yuan for a supporting industrial park [2] Group 3 - Hengli Heavy Industry has the production capacity for high-end vessels, with expected revenue of 5.496 billion yuan and net profit of 301 million yuan in 2024 [3] - The company ranks fifth globally and fourth in China for new order volume in 2024, with a strong order backlog and optimistic market expectations [3] - The planned fundraising of up to 4 billion yuan will primarily support the construction of green high-end equipment manufacturing projects and an international ship research and design center [3]