拟12.54 亿元收购实控人资产，天华新能加码锂矿资源

Core Viewpoint - Tianhua New Energy plans to acquire 75% of Suzhou Tianhua Times from its controlling shareholder Pei Zhenhua for 1.254 billion yuan, aiming to consolidate lithium resource investments and eliminate potential competition risks [1][2] Company Overview - Suzhou Tianhua Times, established in August 2021, focuses on lithium resource investment and development, which aligns with Tianhua New Energy's lithium battery material business [1] - The largest shareholder of Suzhou Tianhua Times is Pei Zhenhua, holding 75% of the shares, while CATL owns the remaining 25% [1] Historical Context - This is not the first attempt by Tianhua New Energy to acquire Suzhou Tianhua Times; a previous attempt to acquire 60% of the company was halted in April 2024 due to project progress issues [1] Financial Performance - As of June 30, 2023, Suzhou Tianhua Times reported total assets of 1.816 billion yuan and net assets of 1.671 billion yuan, with a net profit of 86.437 million yuan primarily from bad debt recovery and idle fund management [2] - Tianhua New Energy's revenue has significantly declined from 17.03 billion yuan in 2022 to 6.608 billion yuan in 2024, with net profit dropping from 6.586 billion yuan to 848 million yuan during the same period [2] - In the first half of 2023, Tianhua New Energy reported a revenue of approximately 3.458 billion yuan, a year-on-year decrease of 6.88%, and a net loss of 156 million yuan compared to a profit of 835 million yuan in the previous year [2] - The decline in performance is attributed to falling lithium prices, with lithium material products generating about 3.046 billion yuan in revenue, down 8.14% year-on-year, and a gross margin of 2.49%, a decrease of 15.42% from the previous year [2] Shareholding Structure - Pei Zhenhua, the controlling shareholder of Tianhua New Energy, also holds 6.46% of CATL through his company Ningbo Lianchuang, making him the fourth largest shareholder of CATL [2] - CATL is not only a shareholder in Suzhou Tianhua Times but also the seventh largest shareholder of Tianhua New Energy, holding 491,590 shares, which is 0.59% of the total share capital [1]