Shaanxi Heimao(SH:601015) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-01 05:10Core Points - The company is transferring a urea production capacity of 480,000 tons per year from its subsidiary Longmen Coal Chemical to its wholly-owned subsidiary Xinjiang Heimao Coal Chemical due to market demand and resource optimization [2][4]. Group 1: Capacity Transfer Overview - Longmen Coal Chemical, a subsidiary of the company, holds a urea production capacity of 480,000 tons per year [2]. - The transfer is based on market conditions, including agricultural production needs in Xinjiang and the demand from downstream compound fertilizer manufacturers [2]. Group 2: Future Arrangements - The urea project at Xinjiang Heimao Coal Chemical is still in the preliminary research phase, and construction will proceed after feasibility studies and necessary approvals are completed [3]. Group 3: Impact on the Company - The capacity transfer is part of internal resource optimization and aligns with the company's overall strategic deployment, ensuring no adverse effects on the company's operations or profitability [4]. Group 4: Borrowing from Controlling Shareholder - The company plans to borrow up to 2 billion yuan from its controlling shareholder, Shaanxi Huanghe Mining Group, for short-term funding needs, with a borrowing period from January 1, 2025, to December 31, 2025 [17][18]. - The borrowing will be executed in multiple tranches as needed, with interest rates not exceeding the market loan rates, and no collateral is required [18]. Group 5: Financial Status of Controlling Shareholder - As of December 31, 2024, the controlling shareholder had total assets of approximately 9.36 billion yuan and net assets of about 4.94 billion yuan [21]. - The financial data as of June 30, 2025, showed total assets of approximately 9.71 billion yuan, with a net loss of about 2.25 million yuan [21]. Group 6: Impact of Borrowing - The borrowing from the controlling shareholder is intended for daily operational activities and reflects the shareholder's support for the company, with no harm to the interests of the company or minority shareholders [22].