6.76亿大手笔！四川一上市国企，拟收购泸州弘盛100%股权

Core Viewpoint - Sichuan Lutianhua Co., Ltd. plans to acquire 100% equity of Luzhou Hongsheng Chemical Park Operation Service Co., Ltd. from its controlling shareholder, Luzhou Tianhua Group, for a transaction price of 676 million yuan, aiming to secure land assets for the implementation of chemical projects [1][4][6]. Group 1: Acquisition Details - The acquisition involves Luzhou Hongsheng, which was established in November 2022 with a registered capital of 360 million yuan, primarily providing park management and heat production services [5]. - The total assets of Luzhou Hongsheng are reported at 335.97 million yuan, with a net asset value of 335.77 million yuan, and an assessed value of 675.88 million yuan, indicating an appreciation rate of 101.29% [5][6]. - The land acquired is intended for the construction of a 100,000 tons/year green fine chemical project, which is part of the company's strategy to expedite project development and reduce initial investment costs [6][9]. Group 2: Financial Performance - Lutianhua's revenue and net profit have shown a declining trend in recent years, with revenues of 7.53 billion yuan in 2022, 6.42 billion yuan in 2023, and projected 5.07 billion yuan in 2024, reflecting year-on-year changes of 11.57%, -14.81%, and -21.02% respectively [7][8]. - The net profit attributable to shareholders has also decreased significantly, from 367 million yuan in 2022 to 76.3 million yuan in 2024, with year-on-year declines of -17.68%, -59.15%, and -49.17% [7][8]. - In the first quarter of 2024, the company reported a revenue of 1.50 billion yuan, a year-on-year increase of 16.64%, and a net profit of 36.83 million yuan, up 10.26% [8][9]. Group 3: Strategic Shift - The company is transitioning from traditional fertilizer business to the green chemical sector, with plans to invest 1.171 billion yuan in the green chemical project, expected to generate an internal rate of return of 9.41% and average annual sales revenue of 993 million yuan [9]. - The acquisition of Luzhou Hongsheng's land is a crucial step in facilitating the establishment of this green chemical project [9].