XSS(SH:600117) Zheng Quan Zhi Xing·2025-06-30 16:32Group 1 - The core point of the acquisition is that Tianjin Jianlong Steel Industry Co., Ltd. intends to acquire shares of Xining Special Steel Co., Ltd. through a specific stock issuance, aiming to strengthen its control over the company and enhance its financial stability [1][2][8] - Tianjin Jianlong has committed to not transferring the newly acquired shares for three years after the issuance, pending approval from the non-related shareholders at the company's general meeting [2][14] - The acquisition will increase Tianjin Jianlong's stake in Xining Special Steel from 29.96% to 40.52%, solidifying its position as the controlling shareholder [11][12] Group 2 - The financial data of Tianjin Jianlong shows total assets of approximately 19.94 billion yuan and net assets of about 6.99 billion yuan as of December 31, 2024, with a debt-to-asset ratio of 64.93% [6] - The company reported a revenue of approximately 24.24 billion yuan for the fiscal year 2024, with a net profit of around 212.17 million yuan, indicating a net profit margin of about 0.88% [6] - Tianjin Jianlong's main business includes steel production and trading, with a focus on enhancing its operational capabilities and financial health through this acquisition [6][8]