Xingfa Chem(SH:600141) Zheng Quan Zhi Xing·2025-08-25 17:19Core Viewpoint - Hubei Xingfa Chemical Group Co., Ltd. plans to acquire a 50% stake in Baokang County Yaozhihhe Qiaogou Mining Co., Ltd. from Hubei Yaozhihhe Chemical Co., Ltd. for a total consideration of 854.5714 million yuan, which will enhance the company's phosphate resource security and competitiveness in the phosphate chemical industry [1][2][24]. Transaction Overview - The acquisition will be executed by the company's wholly-owned subsidiary, Baokang Chufeng Chemical Co., Ltd., using self-owned funds and bank loans [2]. - The transaction price is set at 85,457.14 million yuan, and upon completion, the company will hold 100% of the shares in Qiaogou Mining, making it a wholly-owned subsidiary [2][22]. - The transaction does not constitute a related party transaction or a major asset restructuring [1][3]. Financial and Asset Information - The total assessed value of Qiaogou Mining's equity is 170,914.28 million yuan, with an assessed increase of 167,629.58 million yuan compared to its book value [17][18]. - The mining rights of the Qiaogou phosphate mine are expected to yield a total resource reserve of 185.186 million tons, with an average grade of 22.78% [21]. - The estimated annual sales revenue from the phosphate mine is projected to be 97,146 million yuan based on a production scale of 200,000 tons per year [14][24]. Strategic Impact - The acquisition is expected to increase the company's phosphate resource reserves from 395 million tons to 580 million tons, significantly enhancing its phosphate mining capacity [24]. - The company aims to accelerate the development of the Qiaogou phosphate mine, which is anticipated to generate substantial economic benefits in the future due to favorable market conditions and increasing demand for phosphate resources [24].