Ge Long Hui A P P·2025-08-12 09:50Core Viewpoint - The company *ST Xingnong (603789.SH) aims to enhance its profitability and core competitiveness by acquiring 100% equity of Zhongcheng Automobile from Green Pulse Automotive for a transaction price of 29.414 million yuan, which is expected to strengthen industrial synergy and reduce costs [1] Group 1: Acquisition Details - The acquisition agreement was signed on August 11, 2025, and upon completion, Zhongcheng Automobile will become a wholly-owned subsidiary of the company and will be included in the consolidated financial statements [1] - The transaction price for the acquisition is set at 29.414 million yuan [1] Group 2: Company Profile of Zhongcheng Automobile - Zhongcheng Automobile, established in January 2024, is located in Zhucheng City, Weifang, Shandong Province, and primarily engages in the production and processing of specialized vehicle body components [1] - The main products of Zhongcheng Automobile include plug-in board compartments, corrugated board compartments, warehouse fence cargo compartments, and engineering dump compartments [1] - As of April 2025, Zhongcheng Automobile obtained the production qualification certificate for specialized vehicles from the Ministry of Industry and Information Technology and is in the process of handling product announcements for various specialized vehicles [1]