Huangshanghuang(SZ:002695) Xin Lang Cai Jing·2025-08-12 03:38Core Viewpoint - The company Huashanghuang plans to acquire a 51% stake in Fujian Lixing Food, which will enhance its competitive position and align with its long-term strategic development goals [1][2]. Group 1: Acquisition Details - Huashanghuang will pay 49,470,000 RMB for the stake in Lixing Food, which will become a subsidiary and be included in the consolidated financial statements [1]. - The performance commitment from the sellers includes a net profit of no less than 75 million RMB for 2025, 89 million RMB for 2026, and 100 million RMB for 2027, totaling 264 million RMB [1][2]. Group 2: Financial Impact - The acquisition is expected to positively impact Huashanghuang's financial status and operational results [2]. - Lixing Food reported a revenue of 414 million RMB and a net profit of 42.22 million RMB for 2024, with a revenue of 251 million RMB and a net profit of 41.88 million RMB for the first half of 2025 [2]. Group 3: Company Overview - Lixing Food, established in 2006, specializes in OEM/ODM services and has a diverse product range including freeze-dried foods, beverages, and dairy products [2][4]. - Huashanghuang's main business includes processing marinated meat products and rice products, with brands such as "Huashanghuang," "Zhenzhenlaolao," and "Dujiaoxi" [4]. Group 4: Recent Financial Performance - In the first half of 2025, Huashanghuang achieved a revenue of 984 million RMB and a net profit of 76.92 million RMB, representing a year-on-year increase of 26.90% [4][5]. - The company’s gross margin for marinated meat products improved by 2.23 percentage points, and sales expenses decreased by 27.38% compared to the previous year [5].