Zhong Guo Ji Jin Bao·2025-07-14 13:42Core Viewpoint - The strategic adjustment path of Sinochem Equipment is outlined through a series of actions, including divesting loss-making assets and injecting high-quality targets, as the company plans a major asset restructuring [1][10]. Group 1: Major Asset Restructuring - Sinochem Equipment plans to acquire 100% equity of Yiyang Rubber Plastic Machinery Group Co., Ltd. and Beijing Bluestar Energy Investment Management Co., Ltd. through share issuance [1][2]. - The restructuring will not change the controlling shareholder or actual controller of the company [2]. - The company will also raise supporting funds by issuing shares to no more than 35 specific investors [1]. Group 2: Financial Performance - Sinochem Equipment expects a significant reduction in losses for the first half of 2025, with projected net profit attributable to shareholders ranging from -22.06 million to -14.71 million yuan [8]. - The company reported a net profit of -287 million yuan and a non-recurring net profit of -513 million yuan in the same period last year, indicating a substantial improvement [9]. - The financial improvement is attributed to the completion of a major asset restructuring in December 2024, which removed overseas loss-making businesses from the consolidated financial statements [9][10]. Group 3: Business Focus and Future Direction - Following the restructuring, Sinochem Equipment will no longer engage in plastic machinery business, focusing instead on chemical equipment and rubber machinery [6]. - The company has undergone a name change to better reflect its strategic direction and operational status [6]. - Sinochem Equipment's products and services are widely used in various industries, including chemical, petrochemical, metallurgy, power, and coal [13].