Dongzhu Ecological Environment Protection (SH:603359) Sou Hu Cai Jing·2025-09-10 05:57Core Viewpoint - Dongzhu Ecological plans to acquire 89.49% of Kairuixingtong Information Technology (Nanjing) Co., Ltd. through a combination of issuing shares and cash payment, along with raising supporting funds, which will constitute a major asset restructuring for the company [2][4]. Group 1: Transaction Details - The share price for the issuance is set at 5.47 yuan per share, but the final transaction price for Kairuixingtong has not yet been determined [4]. - After the transaction, Kairuixingtong will become a subsidiary of Dongzhu Ecological, and the shareholders involved may hold more than 5% of the company's shares, indicating a related party transaction [3][4]. Group 2: Kairuixingtong Overview - Kairuixingtong, established on October 18, 2011, is a high-tech enterprise based in Nanjing, primarily engaged in satellite communication technology and system research and development [5]. - The company has participated in several national satellite communication projects, including Shenzhou spacecraft and lunar modules, and has developed key satellite communication software and hardware products [5]. - Kairuixingtong's main products include satellite communication baseband products, terminals, network management systems, and application systems, serving clients such as government agencies, military units, large enterprises, and research institutions [5]. Group 3: Financial Performance - Kairuixingtong's financial data shows revenues of 195 million yuan, 258 million yuan, and 110 million yuan for the years 2023, 2024, and the first half of 2025, respectively, with net profits of 8.95 million yuan, 41.5 million yuan, and 7.82 million yuan for the same periods [7]. - The company is recognized as a national-level "little giant" enterprise and has received several prestigious awards, including the National Science and Technology Progress Award [5]. Group 4: Dongzhu Ecological Overview - Dongzhu Ecological, listed on the Shanghai Stock Exchange since September 1, 2017, operates in the ecological protection and environmental governance sector, focusing on wetland protection, water environment management, and municipal landscaping [11]. - The company has faced operational challenges in recent years, with declining revenue and profitability due to industry-wide pressures [14]. Group 5: Strategic Implications - The acquisition is expected to expand Dongzhu Ecological's business into the satellite communication and space information technology sectors, creating a second growth curve and enhancing the company's profitability [16]. - Following the acquisition announcement, Dongzhu Ecological's stock price surged to 9.22 yuan per share, with a total market capitalization of approximately 4.1 billion yuan [17].