Zheng Quan Shi Bao Wang·2025-06-04 11:35Core Viewpoint - Su Keng Agricultural Development plans to acquire 23 million shares of Jin Tai Yang Grain and Oil Co., representing 28.75% of its total shares, for an investment of 178 million yuan, increasing its stake from 51.25% to 80% to strengthen its controlling position [1][2] Company Overview - Jin Tai Yang Grain and Oil was established in 1949 and is located in Nantong, producing various types of edible oils, including sunflower seed oil and corn oil, with an annual production capacity of 100,000 tons of sunflower oil [1] - The company has developed a digital, intelligent, and automated production system, with capabilities including 1,000 tons of small packaging oil per day and 900 tons of refining capacity per day [1] Financial Performance - In Q1 2023, Jin Tai Yang Grain and Oil reported revenue of 547 million yuan and a net profit of 5.72 million yuan [2] - Su Keng Agricultural Development's revenue for 2024 was 10.917 billion yuan, a decrease of 10.28% year-on-year, with a net profit of 730 million yuan, also down 10.56% [3] - In Q1 2025, Su Keng Agricultural Development's total revenue was 2.133 billion yuan, down 8.70% year-on-year, and net profit was 82.42 million yuan, down 36.18% [3] Strategic Intent - The acquisition is part of Su Keng Agricultural Development's strategic layout and business development needs, aimed at optimizing resource allocation and improving operational decision-making efficiency [2] - The company emphasizes the need for a robust market risk management system and diversified procurement channels to mitigate market fluctuations [3]