JIEQIANG EQUIPMENT(SZ:300875) Chang Jiang Shang Bao·2025-09-18 00:01Core Viewpoint - Jiejian Equipment (300875.SZ) is facing ongoing performance pressure and plans to enter the nano-carbon materials sector through the acquisition of Shandong Tanxun New Materials Co., Ltd. for 46.9 million yuan, acquiring a 51% stake, which will make Shandong Tanxun a subsidiary of Jiejian Equipment [1][2] Group 1: Acquisition Details - The acquisition values Shandong Tanxun at 103 million yuan, with a significant appraisal premium of 1656.72% [1][3] - Shandong Tanxun is expected to achieve a cumulative net profit of 55 million yuan from 2025 to 2027, with no annual net profit being negative during this period [1][3] Group 2: Financial Performance of Jiejian Equipment - Jiejian Equipment has faced substantial losses since its listing in August 2020, with a cumulative net loss of 372 million yuan over three and a half years [5] - In the first half of 2025, Jiejian Equipment reported revenue of 107 million yuan, a year-on-year increase of 1.44%, but a net loss of 8.69 million yuan, a decline of 798.61% [5][6] Group 3: Financial Condition of Shandong Tanxun - As of May 2025, Shandong Tanxun had total assets of 103 million yuan and total liabilities of 97.18 million yuan, resulting in a debt ratio of 94.3% [4] - The company is currently in a state of negative net assets, with a net asset value of 5.86 million yuan [4]