GPTY(SZ:000545) Zhong Guo Jing Ji Wang·2025-07-15 06:35Core Viewpoint - Jinpu Titanium Industry (000545.SZ) has announced a major asset restructuring plan, leading to a stock price increase of 10.11% to 3.05 yuan as of July 15, 2025 [1]. Group 1: Restructuring Announcement - The company has disclosed a plan for significant asset replacement, issuing shares, and cash payments to acquire assets, along with raising supporting funds through related transactions [1]. - The stock was suspended from trading on July 1, 2025, and resumed trading on July 15, 2025, following the announcement [1]. Group 2: Asset Exchange Details - The company intends to exchange part of its assets, including those related to Nanjing Titanium White and Xuzhou Titanium White, for 91% equity in Lide Dongfang held by Jinpu Dongyu [1][2]. - The shares issued for the asset purchase will be domestic RMB ordinary shares (A-shares) with a par value of 1.00 yuan, priced at 1.91 yuan per share [2]. Group 3: Fundraising and Financial Implications - The company plans to issue shares to no more than 35 specific investors to raise funds not exceeding 100% of the asset purchase price, with a maximum of 30% of the total share capital before the transaction [3]. - The raised funds will be used for cash payments related to the transaction, intermediary fees, taxes, and to support Lide Dongfang's ongoing projects, with a maximum of 25% allocated for the company's working capital [3]. Group 4: Related Party Transactions - The transaction involves related parties, as Jinpu Dongyu is controlled by Guo Yantong, the daughter of the company's actual controller, Guo Jindong [4]. - The company will maintain the same controlling shareholder, Jinpu Group, post-transaction, ensuring no change in control [4]. Group 5: Financial Performance - Lide Dongfang's projected revenues for 2023 and 2024 are 880.41 million yuan and 1.04395 billion yuan, respectively, with net profits of 83.81 million yuan and 120.80 million yuan [4]. - Jinpu Titanium Industry reported a revenue decline of 5.86% in 2024, with a net loss of 244.39 million yuan, marking a 39.81% decrease compared to the previous year [5][6].