AAA PUBLIC(SH:600979) Chang Jiang Shang Bao·2025-09-17 23:58Core Viewpoint - Guang'an Aizhong (600979.SH) plans to expand its wind power business by acquiring 90% of Qitai County Hengtuo New Energy Power Co., Ltd. for 0 yuan, despite the target company currently having no revenue [1][3]. Financial Performance - For the first half of 2025, Guang'an Aizhong reported revenue of 1.439 billion yuan, a year-on-year decrease of 0.32%, and a net profit of 77.6937 million yuan, down 35.67% year-on-year [6][7]. - As of the end of 2024, Qitai Hengtuo's total assets were 158 million yuan, with a net asset of -1.19 thousand yuan, and it reported zero revenue for the year [4]. Acquisition Details - The acquisition aims to enhance the scale of the green energy industry and promote the transformation of comprehensive energy business [3][4]. - Qitai Hengtuo's main asset is the 400MW wind power project, which is currently under construction with a total investment capped at 1.62 billion yuan [4]. Legal Issues - Guang'an Aizhong and its subsidiary Aizhong Capital were ordered by the Lanzhou Intermediate Court to pay a total of 617 million yuan due to a lawsuit related to equity acquisition obligations [8][9]. - The company plans to appeal the court's decision to protect its legal rights [10].