Baota Industry(SZ:000595) Zheng Quan Zhi Xing·2025-09-01 12:19Core Viewpoint - The report details the equity change of Ningxia Guoyun New Energy Co., Ltd., specifically the transfer of state-owned shares without compensation, which will result in Ningxia Electric Power Investment Group becoming the direct controlling shareholder of the company [1][15]. Group 1: Equity Change Details - The equity change involves the transfer of 206,896,551 A-shares, representing 18.17% of the total share capital of *ST Baoshi, from Ningxia Guoyun to Ningxia Electric Power Investment [14][15]. - After the equity change, Ningxia Electric Power will hold 206,896,551 shares (18.17%), while Ningxia Guoyun will hold 127,103,449 shares (11.16%) [14][15]. Group 2: Information Disclosure Obligations - The report complies with the relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China, ensuring full disclosure of the equity change [2][3]. - The information disclosing parties have confirmed that they have obtained necessary authorizations and approvals for the equity change [2][3]. Group 3: Financial Status of Information Disclosing Parties - Ningxia Electric Power Investment Group reported total assets of 1,519,657.80 million yuan and net assets of 381,793.96 million yuan for the year 2024 [7]. - Ningxia Guoyun reported total assets of 12,006,841.33 million yuan and net assets of 7,164,350.92 million yuan for the year 2024 [7]. - Ningxia Electric Power Heat Co., Ltd. reported total assets of 151,997.88 million yuan and net assets of 26,979.47 million yuan for the year 2024 [9]. Group 4: Future Plans and Commitments - There are currently no plans for Ningxia Electric Power to change the main business of the listed company or to make significant adjustments within the next 12 months [16]. - Ningxia Electric Power has committed to maintaining the independence of the listed company in terms of personnel, assets, business, and finance [19][20].