TAM(SH:603789) Zheng Quan Zhi Xing·2025-08-12 10:16Core Viewpoint - Starlight Agricultural Machinery Co., Ltd. intends to acquire equity in Zhongcheng Automobile (Shandong) Co., Ltd., and an asset evaluation report has been prepared to assess the market value of the total equity of Zhongcheng Automobile as of May 31, 2025 [3][4][11]. Group 1: Evaluation Purpose and Scope - The purpose of the evaluation is to provide a market value reference for Starlight Agricultural Machinery Co., Ltd.'s acquisition of Zhongcheng Automobile (Shandong) Co., Ltd. [3][11]. - The evaluation object includes the total equity of Zhongcheng Automobile (Shandong) Co., Ltd. as of the evaluation benchmark date, which encompasses all assets and related liabilities reported by the company [4][12]. Group 2: Evaluation Methodology - The asset-based approach was adopted for the evaluation, which assesses the market value of the total equity based on the company's balance sheet as of the evaluation date [4][16]. - The evaluation concluded that the book value of the total equity was 29.414 million RMB, with an assessed value of 30.436 million RMB, resulting in an increase of 1.022 million RMB and a growth rate of 3.47% [4][12]. Group 3: Financial Overview of Zhongcheng Automobile - As of May 31, 2025, Zhongcheng Automobile reported total assets of 165.762 million RMB, consisting of current assets of 139.641 million RMB and non-current assets of 26.121 million RMB [12][19]. - The company's total liabilities amounted to 136.348 million RMB, with current liabilities of 120.393 million RMB and non-current liabilities of 15.955 million RMB [12][19]. - The net profit for the first five months of 2025 was reported as -7.6885 million RMB, indicating a loss compared to the previous year's performance [12][19].