CTCG(SH:600358) Zheng Quan Zhi Xing·2025-08-25 19:07Core Viewpoint - The report outlines the equity change of Guolv Cultural Investment Group Co., Ltd. (ST Lianhe), indicating that Jiangxi Runtian Investment Management Co., Ltd. will increase its stake in the company by acquiring shares through asset subscription [1][2]. Group 1: Equity Change Details - Jiangxi Runtian Investment will acquire 24.7% of Jiangxi Runtian Industrial Co., Ltd. and will hold 162,580,031 shares in ST Lianhe after the transaction, representing 13.98% of the total shares [7][8]. - The total transaction price for the acquisition is set at 743.223 million yuan, with 520.256 million yuan paid in shares and 222.967 million yuan in cash [12][16]. - The transaction is subject to several approvals, including from state-owned asset regulatory authorities and the shareholders' meeting of the listed company [2][14]. Group 2: Financial and Operational Information - Jiangxi Runtian Industrial Co., Ltd. reported total assets of 1.635 billion yuan and total liabilities of 427.976 million yuan as of December 31, 2024, indicating a strong equity position [16]. - The company generated operating revenue of 1.260 billion yuan in 2024, with a net profit of 175.675 million yuan, reflecting a growth compared to the previous year [16][17]. - The valuation of Jiangxi Runtian Industrial was assessed at 3.009 billion yuan, with a premium rate of 153.83% based on the income approach [17].