ELHT(SH:600133) Mei Ri Jing Ji Xin Wen·2025-06-06 07:54Core Viewpoint - The transformation of Donghu Gaoxin after divesting its engineering construction segment has become a focal point for the market, with a strong emphasis on mergers and acquisitions in the digital technology sector as a key development strategy [1][4]. Group 1: Shareholder Meeting Insights - The 2024 annual shareholder meeting attracted over 900 participants, representing 21.99% of voting rights [2]. - The newly appointed chairman, Liu Yang, emphasized that mergers and acquisitions in the digital technology field are a top priority for the company's development, despite the challenges posed by the current market environment [1][4]. Group 2: Digital Technology Transformation - Liu Yang stated that the digital technology sector is the strategic direction following the divestment of Hubei Road and Bridge Group, with initial planning underway and specific implementation paths being developed through the selection of acquisition targets [3]. - The company has evaluated over a hundred potential acquisition targets, focusing on their alignment with the company's digital technology development direction and existing business synergies [3]. Group 3: Mergers and Acquisitions Strategy - Donghu Gaoxin has established three specialized acquisition teams and strict selection criteria for potential targets, emphasizing the importance of practical business applications, technological accumulation, and innovation capabilities [3]. - The current acquisition environment is competitive, with a warming policy landscape but significant challenges in achieving successful cross-industry transformations [4]. Group 4: Financial Performance - In 2024, Donghu Gaoxin's revenue decreased by 77.05% year-on-year, and net profit attributable to shareholders fell by 51.07%, although the net profit after deducting non-recurring items increased by 13.06% [5]. - The company's main business segments now include environmental technology, park operations, and digital technology, with the park operations segment generating revenue of 1.301 billion yuan, a 7.65% increase from the previous year [5]. Group 5: Park Operations and Market Conditions - Liu Yang addressed concerns regarding potential rent or management fee defaults from park enterprises, stating that such occurrences are normal in a fluctuating economic environment, but most companies in their parks are high-growth or high-tech firms [6][7]. - The company is actively upgrading its park operation model, moving away from traditional development methods to enhance service quality and create distinctive brands for its industrial parks [7].