JoulWatt(SH:688141) Zhong Guo Jing Ji Wang·2025-09-02 07:07Core Viewpoint - Jiahua Technology (688141.SH) announced a joint investment to acquire a stake in New Port Coast (Beijing) Technology Co., Ltd. with two partners, which constitutes a related party transaction but does not qualify as a major asset restructuring [1][2]. Group 1: Transaction Details - Jiahua, along with Xiamen Jianda Xinjie Investment Partnership and Xiamen Huijie Jiaying Enterprise Management Partnership, plans to acquire a total of 66.2484% of New Port Coast's shares from 16 shareholders for a total price of 417.9656 million yuan [2]. - Jiahua will acquire 20% of New Port Coast for 126.1818 million yuan, Jianda will acquire 38.3233% for 241.7838 million yuan, and Huijie will acquire 7.9251% for 50 million yuan [2]. - After the transaction, Jiahua will hold a total of 35.3677% of New Port Coast's shares and will appoint one director to the company's board [2]. Group 2: Financial Performance of New Port Coast - New Port Coast's projected revenues for 2024 and Q1 2025 are 61.2269 million yuan and 13.7223 million yuan, respectively, with net losses of -93.8777 million yuan and -25.7826 million yuan for the same periods [2]. - The net profit after deducting non-recurring gains and losses for 2024 and Q1 2025 is projected to be -96.9728 million yuan and -25.9999 million yuan, respectively [2]. Group 3: Jiahua's Financial Performance - In the first half of 2025, Jiahua reported a revenue of 1.187 billion yuan, a year-on-year increase of 58.20%, while the net profit attributable to shareholders was -295.1 million yuan, an improvement from -337 million yuan in the same period last year [4][5]. - The net cash flow from operating activities for the first half of 2025 was -97.2 million yuan [5]. - Jiahua has experienced losses for two consecutive years, with net profits of -531.4 million yuan and -603.4 million yuan for 2023 and 2024, respectively [8].