跨界突围！华升股份进军智算市场，盘中现“天地板”

Core Viewpoint - The company, Huasheng Co., plans to acquire 100% of Yixin Technology through a combination of share issuance and cash payment, while also raising matching funds from its controlling shareholder, Hunan Xingxiang Investment Holding Group Co., Ltd. [1][4] Group 1: Acquisition Details - The acquisition involves 28 shareholders of Yixin Technology, with a framework agreement signed by 26 of them, excluding Huojuchuangtou and Luo Xianwen [4] - The transaction is expected to constitute a major asset restructuring and an associated transaction, with key shareholders of Yixin Technology potentially becoming related parties post-transaction [5] - Yixin Technology specializes in computing power infrastructure, operating multiple high-performance intelligent computing centers across various regions, and is expanding its presence in central China [5] Group 2: Financial Performance - In 2024, Huasheng Co. reported revenue of 778 million yuan, a 34% increase year-on-year, but a net loss of 49.34 million yuan, a decline of 333% compared to previous years [6] - The company attributed the decline in gross profit margin to increased competition and a shift in the textile supply chain to Southeast Asia, leading to lower product prices and acceptance of low-margin orders [6] - The gross profit margins across the company's three main business sectors—trade, textile production, and others—declined by 4.95%, 1.59%, and 66.26% respectively in 2024 [6] Group 3: Future Direction - The company has identified digital transformation in the textile industry as an irreversible trend, viewing it as a key path to enhance competitiveness and achieve sustainable development [7] - The market appears optimistic about the company's strategic shift into the intelligent computing center business, which aligns with the high-growth sector the company is targeting [8] - The acquisition of Yixin Technology is seen as a potential opportunity for valuation reconstruction as the company transitions from traditional textiles to a high-growth business model [8]