THXN(SZ:300390) Mei Ri Jing Ji Xin Wen·2025-09-12 15:15Core Viewpoint - Tianhua New Energy plans to acquire 75% equity of Suzhou Tianhua Times New Energy Industry Investment Co., Ltd. from its controlling shareholder Pei Zhenhua for approximately 1.25 billion yuan, aiming to integrate lithium mining assets into its corporate structure [1][4]. Financial Summary - Suzhou Tianhua Times was established in August 2021 with a registered capital of 1.6 billion yuan, focusing on overseas lithium mining resource investment and development [2]. - As of June 30, 2025, Suzhou Tianhua Times reported total assets of approximately 1.816 billion yuan and net assets of about 1.67 billion yuan, with a net profit of 86.437 million yuan despite zero revenue for the first half of the year [2]. - The net profit primarily stems from the reversal of bad debt provisions and returns from idle fund investments [2]. Transaction Details - The transaction price for the 75% equity transfer is set at approximately 1.25 billion yuan, based on a valuation of 1.67 billion yuan for 100% equity as of June 30, 2025 [4]. - Tianhua New Energy is required to pay the full acquisition price within 30 working days after the transaction's completion [4]. - Pei Zhenhua has made a commitment for future equity value compensation, agreeing to cash compensation to Tianhua New Energy in case of any impairment identified in a valuation to be conducted by December 31, 2027 [5]. Strategic Implications - The acquisition is expected to enhance Tianhua New Energy's long-term development and future economic benefits, with no significant adverse impact anticipated on the company's revenue and net profit for the 2025 reporting period [5].