XINZHU CORPORATION(SZ:002480) Mei Ri Jing Ji Xin Wen·2025-06-11 14:57Core Viewpoint - The significant asset restructuring of Xin Zhu Co., Ltd. (SZ002480) has led to a volatile stock performance, raising questions about the sustainability of its new clean energy business despite the perceived benefits of the restructuring [2][4][6]. Group 1: Stock Performance - On June 11, Xin Zhu's stock experienced a dramatic fluctuation, with a trading volume turnover rate of 12.5% and a daily price swing of 17.94% [2][4]. - The stock opened at the daily limit price but quickly fell to 6.7 CNY per share, a drop of approximately 6.8%, before closing at 7.21 CNY, reflecting a modest increase of 0.28% for the day [4]. - The trading activity included a significant block trade of 1.5 million shares on June 10, amounting to 10.785 million CNY, which represented nearly 20% of the total trading volume that day [4]. Group 2: Asset Restructuring Details - Xin Zhu plans to acquire a 60% stake in Sichuan Shudao Clean Energy Group through a combination of share issuance and cash payment, while divesting its 100% stake in Sichuan Development Maglev Technology and Chengdu Xin Zhu Transportation Technology [5][6]. - The restructuring aims to eliminate long-term loss-making traditional business assets and focus on clean energy generation, enhancing the company's operational status and growth potential [5][6]. Group 3: Financial Performance of Target Company - The target company, Sichuan Shudao Clean Energy, reported a net loss of 83.53 million CNY in 2023, following a profit of 36.92 million CNY the previous year [6]. - Xin Zhu's previous magnetic levitation technology business has been struggling with low market conversion efficiency and incurred a loss of 150 million CNY in 2024 [6].