Valin Steel(SZ:000932) Zheng Quan Zhi Xing·2025-06-03 12:20Core Viewpoint - Hunan Lian Steel Electromagnetic Materials Co., Ltd. is planning to introduce strategic investors for capital increase and expansion, with the aim of maintaining Hunan Huazhong Lian Steel Co., Ltd. as the largest shareholder while bringing in new shareholders for cash investment [1][2]. Summary by Relevant Sections Assessment Purpose - The assessment aims to evaluate the market value of the total equity of Hunan Lian Steel Electromagnetic Materials Co., Ltd. to facilitate the introduction of strategic investors [4][5]. Assessment Object and Scope - The assessment object is the total equity of Hunan Lian Steel Electromagnetic Materials Co., Ltd., with the assessment scope covering all assets and related liabilities as of September 30, 2024, audited by Tianjian Accounting Firm [2][4]. Assessment Date and Value - The assessment date is set for September 30, 2024, with the market value of the total equity assessed at 980.2749 million RMB (approximately 98.03 million) [2][3]. Financial Overview - As of September 30, 2024, the company reported total assets of 3,062.00 million RMB, total liabilities of 2,155.19 million RMB, and total equity of 906.82 million RMB [5][6]. - The company experienced a net loss of 14.05 million RMB for the period from January to September 2024 [5]. Investment and Funding - The company is set to receive a total investment of 198.24 million RMB from the central government for a major technical equipment project, with 138.77 million RMB allocated for the current phase [3][4]. Shareholder Structure - Hunan Huazhong Lian Steel Co., Ltd. holds a 51.22% stake in Hunan Lian Steel Electromagnetic Materials Co., Ltd. as of the assessment date [5][6]. Product and Market Position - The company focuses on producing high-grade silicon steel, targeting sectors such as high-efficiency motors, new energy vehicles, and high-end home appliances, with plans to become the largest and most competitive silicon steel production base in Central China by 2025 [5][6].