Core Viewpoint - The company Longhong High-Tech is attempting to acquire 100% equity of Guangxi Changke, which is controlled by the same actual controller, Tao Chunfeng, and this transaction is classified as a related party transaction. The acquisition aims to enhance the company's competitive edge in the synthetic resin and plastic production sector, aligning with its existing business operations [1][3]. Group 1: Acquisition Details - Longhong High-Tech signed a share acquisition intention agreement with three parties on July 7, 2023, regarding the acquisition of Guangxi Changke [1]. - This is not the first attempt by Longhong High-Tech to acquire Guangxi Changke; a previous cash acquisition plan was announced on August 31, 2023, but was terminated after just over a month due to market changes and failure to reach consensus on core transaction conditions [3][6]. - Guangxi Changke specializes in the research, production, and sales of special synthetic resin polymer materials, with products that can replace imported materials, thus providing potential for domestic market growth [3]. Group 2: Financial Performance - Guangxi Changke's financial performance showed significant revenue growth from 402.61 million yuan in 2021 to 607.47 million yuan in 2022, but net profit declined from 22.55 million yuan to 10.52 million yuan, and further to a loss of 17.60 million yuan in the first half of 2023 [4]. - The company's total assets as of June 30, 2023, were 266.51 million yuan, with total liabilities of 176.44 million yuan, indicating a challenging financial position [5]. - Longhong High-Tech's net profit has been declining since its IPO in 2020, with a reported loss of 16.43 million yuan in the first quarter of 2025, attributed to production efficiency upgrades and declining sales prices [9]. Group 3: Capital Movements - The actual controller, Tao Chunfeng, has been actively involved in capital movements, including a planned private placement to raise up to 1.2 billion yuan, with part of the funds potentially aimed at supporting the acquisition [12][13]. - Following the termination of the acquisition, the planned private placement amount was significantly reduced, indicating a shift in financial strategy [14]. - Longhong High-Tech has also initiated another private placement to raise up to 300 million yuan for various projects, including technology upgrades and working capital [15][16].
上市后净利连年下滑,拟再购实控人资产,构成重大资产重组!
Sou Hu Cai Jing·2025-07-09 01:16