QHHD(SH:600243) Zheng Quan Zhi Xing·2025-07-29 16:33Transaction Overview - Qinghai Huading Industrial Co., Ltd. plans to acquire 100% equity of Bazhou Luxin Dingsheng Gas Co., Ltd. through its subsidiary Mangya Yuanxin Energy Co., Ltd. for a cash consideration of RMB 43 million [1][2] - The acquisition is based on an assessed total equity value of RMB 43.014 million as of May 31, 2025, and does not require shareholder approval [1][2] Target Company Information - Bazhou Luxin Dingsheng Gas Co., Ltd. engages in gas operation, retail of refined oil, and road freight transportation, among other activities [2][3] - The company has a clear ownership structure with no encumbrances or legal disputes affecting the transfer of ownership [3] Financial Performance - As of May 31, 2025, Bazhou Luxin Dingsheng Gas Co., Ltd. reported total assets of RMB 25.5363 million, net assets of RMB 9.3088 million, and a net loss of RMB 0.297 million for the most recent fiscal year [4][5] - The company’s revenue for the same period was RMB 23.9008 million, down from RMB 33.3734 million in the previous year [4] Valuation and Assessment - The valuation of Bazhou Luxin Dingsheng Gas Co., Ltd. was conducted using both income and asset-based approaches, resulting in a significant increase in assessed value compared to its book value [5] - The assessed value represents a 362.08% increase over the book value, indicating strong potential for future growth [5] Strategic Implications - The acquisition is expected to enhance the company's profitability and provide new growth opportunities, particularly in the clean energy sector [21] - The strategic location of the gas station enhances its market potential, contributing to the overall revenue and profitability of Mangya Yuanxin Energy Co., Ltd. [21]