Core Viewpoint - Donghu Gaoxin's transformation 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][2][3] Mergers and Acquisitions - The company has identified digital technology as its strategic direction following the divestment of Hubei Road and Bridge Group, with ongoing efforts to select suitable acquisition targets [2][4] - The chairman, Liu Yang, mentioned that over a hundred potential acquisition targets have been evaluated, focusing on their alignment with the company's digital technology goals and business synergy [2][3] - Three specialized acquisition teams have been established, implementing strict selection criteria that include actual business applications, technological accumulation, and innovation capabilities [2][3] Financial Performance - In 2024, Donghu Gaoxin reported a 77.05% year-on-year decline in revenue and a 51.07% drop in net profit attributable to shareholders, although the net profit after deducting non-recurring items increased by 13.06% [4] - The company developed and operated 46 parks in 2024, generating revenue of 1.301 billion yuan, which represents a 7.65% increase from the previous year [5] Park Operations - The company is transitioning from a traditional extensive park development model to a more refined and specialized approach, focusing on enhancing service quality and creating distinctive brands for its industrial parks [6] - Liu Yang emphasized the importance of supporting small and medium-sized enterprises within the parks, ensuring they benefit from local government policies and improved service quality [6]
直击东湖高新股东大会:新任董事长刘洋“首秀”谈并购选择