TPC(SZ:002134) Zheng Quan Zhi Xing·2025-07-17 16:10Group 1 - The company, Tianjin Pulin Circuit Co., Ltd., is involved in a capital reduction transaction with its associate, Firan Technology Group Corporation, maintaining its 40% ownership in the joint venture, Zhonghuan Firan (Tianjin) Technology Co., Ltd. [1][2] - The capital reduction amounts to a total of 5 million RMB, with the company reducing its capital by 2 million RMB and Firan Group by 3 million RMB, while the shareholding ratios remain unchanged [2][5] - The independent directors of the company have approved the capital reduction, stating that it will not adversely affect the company's operations or the interests of shareholders, particularly minority shareholders [7] Group 2 - Zhonghuan Firan has total assets of 1,547.81 million RMB and total liabilities of 501.86 million RMB as of March 31, 2025, indicating a net asset value of 1,045.95 million RMB [4] - The company reported a revenue of 641.86 million RMB and a net profit of 141.48 million RMB for the first quarter of 2025 [4] - The capital reduction does not constitute a major asset restructuring as defined by relevant regulations, and no shareholder meeting is required for approval [2][6]