COMPLANT(SZ:000151) Chang Jiang Shang Bao·2025-05-28 23:44Core Viewpoint - The restructuring plan of Zhongcheng Co., Ltd. aims to overcome operational bottlenecks by acquiring 100% equity of Zhongji Jiangsu Clean Energy Co., Ltd. and extending its business into green energy sectors such as energy storage [1][4] Group 1: Restructuring Details - Zhongcheng Co., Ltd. plans to issue shares to acquire Zhongji Jiangsu and raise matching funds for various projects, including energy-saving construction [2] - The acquisition is part of a broader asset restructuring led by the General Technology Group, with Zhongcheng becoming an indirectly controlled listed company [3] - The transaction is classified as a related party transaction and is not expected to constitute a major asset restructuring [3] Group 2: Financial Performance - Zhongcheng has reported continuous losses over six years, with a cumulative net loss of approximately 1.514 billion yuan [1][6] - The company’s total assets as of March 2025 are 2.28 billion yuan, with equity of 254 million yuan and a debt ratio of 88.85% [1][8] - In contrast, Zhongji Jiangsu has shown significant growth, with 2024 revenues of 39.9 million yuan and net profits of 18.16 million yuan, marking year-on-year increases of 175.8% and 1117.7% respectively [7] Group 3: Strategic Intent - The restructuring is aligned with the "dual carbon" goals, aiming to enhance the company's capabilities in green development and create a second growth curve [4] - The collaboration between Zhongcheng and Zhongji Jiangsu is expected to yield synergies in energy storage project construction and operations, enhancing overall competitiveness [4][8]