天华新能12.5亿元拟收购实控人旗下资产

Core Viewpoint - Tianhua New Energy plans to acquire 75% equity of Suzhou Tianhua Times New Energy Industry Investment Co., Ltd. from its actual controller Pei Zhenhua for approximately 1.254 billion yuan, aiming to integrate upstream lithium resource investments into the listed company structure and eliminate potential competition risks [1][3][4]. Group 1: Acquisition Details - The acquisition involves Tianhua New Energy purchasing 75% of Suzhou Tianhua Times, which was previously held by Pei Zhenhua, for about 1.254 billion yuan [1][4]. - Prior to this transaction, Suzhou Tianhua Times had a shareholding structure where Pei Zhenhua held 75% (12 billion yuan) and Ningde Times held 25% (4 billion yuan) [3]. - After the acquisition, Tianhua New Energy will become the largest shareholder of Suzhou Tianhua Times [3]. Group 2: Financial Performance - Tianhua New Energy has experienced significant revenue declines, with revenues of 170.3 billion yuan in 2022, 104.7 billion yuan in 2023, and projected 66 billion yuan in 2024 [5]. - Net profits have also dropped sharply, from 8.8 billion yuan in 2022 to a projected 1.023 billion yuan in 2024, with a loss of 173 million yuan reported in the first half of 2025 [5]. - As of mid-2023, Tianhua New Energy had approximately 2.572 billion yuan in cash [3]. Group 3: Business Strategy - The acquisition is part of Tianhua New Energy's strategy to enhance its upstream lithium resource self-sufficiency, as it has been actively extending its operations into upstream sectors [5]. - The company has received approval from the Australian government to subscribe to shares of Liontown Resources, a leading lithium producer, indicating its commitment to expanding its resource base [5]. - Additionally, Tianhua New Energy's subsidiary has obtained mining rights for lithium-containing ceramic soil in Jiangxi Province, further supporting its resource development efforts [5].