三元股份全资控股太子奶

Core Viewpoint - San Yuan Co., Ltd. has successfully acquired a 40% stake in Hunan Taizi Dairy Group from Xinhua Group for 70.054 million yuan, making Taizi Dairy a wholly-owned subsidiary, despite previous unsuccessful auction attempts and ongoing operational challenges [1][2][3]. Group 1: Acquisition Details - The 40% stake in Taizi Dairy was auctioned at a price of 70.054 million yuan, significantly lower than its assessed value of 125 million yuan [1][3]. - The previous auction in July had a starting price of 87.5676 million yuan but received no bids, indicating a lack of interest in the asset [1][3]. - San Yuan previously held a 60% stake in Taizi Dairy, and this acquisition consolidates its ownership [1]. Group 2: Company Background and Challenges - Taizi Dairy was founded in 1996 and experienced rapid growth, reaching sales of 3 billion yuan by 2007, but has faced significant operational difficulties since 2010, including bankruptcy restructuring [2]. - The company has not resumed production since August 2020 due to aging equipment and has been leasing out its facilities [3]. - As of the end of 2021, Taizi Dairy had 88 employees and a total building area of 111,600 square meters, with most of its facilities currently idle [3]. Group 3: Financial Performance - San Yuan's financial performance has been under pressure, with a projected revenue of approximately 4.26 billion yuan for the first half of the year, representing a year-on-year decline of 31.54% to 39.77% in net profit [4]. - The company attributes its declining performance to rising feed costs and the impact of the pandemic on its restaurant business [4]. - San Yuan aims to achieve a revenue target of 15 billion yuan by 2025, with a net profit goal of 420 million yuan after excluding non-recurring items [4].