LANZHOU HUANGHE(SZ:000929) Zhong Guo Ji Jin Bao·2025-09-05 01:56Core Viewpoint - *ST Lanzhou Yellow River (000929) plans to acquire 50.63% equity of Yiwang Juice, which is expected to significantly enhance its operating revenue after consolidation [1][3]. Summary by Sections Acquisition Details - The company intends to acquire 50.6329% of Yiwang Juice from Xi'an Chunguang Beverage Co., Ltd. for 0 yuan and will fulfill the corresponding capital obligations of 26.9175 million yuan, with 5 million yuan allocated to registered capital and 21.9175 million yuan to capital reserves [1][3]. Financial Impact - Post-acquisition, Yiwang Juice will become a subsidiary of Lanzhou Yellow River, included in the consolidated financial statements. Yiwang Juice is engaged in the research, production, and sales of concentrated apple juice, with projected revenue of 52.664 million yuan and net profit of 3.6949 million yuan for 2024 [3][4]. Current Financial Status - Lanzhou Yellow River has been under delisting risk warning since April 30, 2023, due to negative profit figures and insufficient revenue. The company reported a revenue of 96.84 million yuan in the first half of 2023, indicating a need to reach a revenue threshold of 300 million yuan to avoid delisting [4][5]. Recent Developments - In addition to the acquisition, the company established a new subsidiary with a 51% stake, further aiming to enhance its financial standing and operational efficiency [5][6]. Historical Context - Lanzhou Yellow River, originally established in 1983, has faced declining performance in recent years, with net profits in the negative for seven consecutive years. The company primarily produces beer, beverages, malt, and packaging [6][7]. Market Position - As of September 4, 2023, the total market value of Lanzhou Yellow River is only 1.614 billion yuan, reflecting its challenging market position [7].