TJBE(SZ:000695) Zhong Guo Jing Ji Wang·2025-05-19 03:59Core Viewpoint - Binhai Energy (000695.SZ) has announced a plan to issue shares for asset acquisition and raise matching funds, leading to a stock price increase of 10% upon resumption of trading [1][2]. Group 1: Transaction Details - The transaction involves issuing shares to acquire 100% equity of Cangzhou Xuyang, which will become a wholly-owned subsidiary of Binhai Energy [1][2]. - The share issuance is not contingent on the success of the fundraising, meaning the asset acquisition will proceed regardless of whether the fundraising is successful [1][4]. - The share issuance price is set at 80% of the average trading price over the previous 20 trading days, amounting to 7.55 yuan per share, subject to shareholder and regulatory approvals [2][3]. Group 2: Financial Information - Cangzhou Xuyang's financial data shows total assets of approximately 1.46 billion yuan and total liabilities of about 908 million yuan as of March 31, 2025, resulting in an equity of around 550 million yuan [6]. - For the fiscal year 2024, Binhai Energy reported total revenue of approximately 493.39 million yuan, a year-on-year increase of 43.47%, but a net loss of approximately 28.13 million yuan [7][8]. - Binhai Energy has experienced continuous net losses over the past five years, with net losses of 28.13 million yuan in 2024, compared to 18.11 million yuan in 2023 [8][9]. Group 3: Shareholder Structure - Prior to the transaction, Binhai Energy's controlling shareholder was Xuyang Holdings, and after the transaction, it is expected to change to Xuyang Group, with the actual controller remaining Yang Xuegang [2][5]. - The transaction constitutes a related party transaction, and related directors and shareholders will abstain from voting on the relevant resolutions [5].