兴化股份：全资子公司兴化化工收购兴化新能源20%股权

Core Viewpoint - Xinghua Co., Ltd. announced a strategic move to optimize its business structure and governance by transferring a 20% stake in Xinghua New Energy for approximately RMB 163 million, aiming to reduce operational costs and improve efficiency [1] Group 1: Company Actions - Xinghua Co., Ltd. plans to transfer a 20% stake in its subsidiary Xinghua New Energy through a non-public agreement using self-owned or self-raised funds [1] - The transfer price is based on the assessed value of 100% equity of Xinghua New Energy as of the evaluation benchmark date, amounting to approximately RMB 163 million [1] Group 2: Financial Overview - For the first half of 2025, Xinghua Co., Ltd.'s revenue composition is heavily weighted towards the chemical sector, with chemicals accounting for 99.36% of total revenue, while other businesses contribute only 0.64% [1] - As of the report date, the market capitalization of Xinghua Co., Ltd. stands at RMB 4.9 billion [1]