HNHS(SH:600156) 2 1 Shi Ji Jing Ji Bao Dao·2025-06-10 09:44Core Viewpoint - Hunan textile industry leader Huasheng Co., Ltd. (600156.SH) announced plans to acquire 100% of Shenzhen Yixin Technology Co., Ltd. through a combination of share issuance and cash payment, constituting a major asset restructuring [1][4] Group 1: Acquisition Details - The transaction will result in a temporary suspension of Huasheng's stock starting June 10, with an expected halt of no more than 10 trading days [1] - Prior to the transaction, there is no relationship between the parties involved, but post-transaction, shareholders Bai Bentong (37.29% stake) and Zhang Limin (11.47% stake) will collectively hold over 5% of Huasheng's shares, thus constituting a related party transaction [4] Group 2: Business Differences - Huasheng Co. primarily engages in the production and export of ramie textile products, while Yixin Technology focuses on the data center industry, offering services such as server leasing, cabinet customization, and energy-efficient data center solutions [5][6] - Huasheng's management indicated that the acquisition aims to ensure the company's healthy future development, as suitable targets in the textile industry are limited [6] Group 3: Financial Performance - In 2024, Huasheng reported revenue of 778 million yuan, a year-on-year increase of 33.79%, but faced a net loss of 49 million yuan, a significant decline of 334.67% [6] - The company attributed its loss to accepting low-margin orders to maintain market share, resulting in a 4.72 percentage point decrease in gross margin compared to the previous year [6] Group 4: Future Direction - Huasheng has acknowledged the irreversible trend of digital transformation in the textile industry, viewing it as a key path to enhance competitiveness and achieve sustainable development [6]