LSHEC(SH:603169) Mei Ri Jing Ji Xin Wen·2025-10-23 03:57Core Viewpoint - Lansi Heavy Industry is divesting its non-core assets to focus on its main business in energy equipment, as part of a strategic adjustment to enhance competitiveness and sustainable operational capacity [1][5]. Group 1: Transaction Details - Lansi Heavy Industry signed a share transfer agreement with its controlling shareholder, Lanzhou Lansi Group, to transfer 51.02% of its stake in Lanzhou Lansi Environmental Engineering Co., Ltd. for a total consideration of 14.39 million yuan [1][2]. - The environmental company has a negative net asset value of -110.17 million yuan as of June 30, 2025, with total assets of 87.15 million yuan and total liabilities of 88.25 million yuan [2][3]. - The valuation of the stake was based on an asset assessment that indicated a market value of 14.39 million yuan, despite the negative net asset value, using a combination of asset-based and income-based valuation methods [3]. Group 2: Strategic Focus - The company aims to optimize resource allocation by concentrating on energy chemical equipment, new energy, and new materials, which are considered strategic growth areas [1][4][5]. - Lansi Heavy Industry has established four main business segments: energy chemical equipment manufacturing, metal new materials, technical services, and engineering contracting, with a strong focus on new energy equipment [4]. Group 3: Financial Implications - The divestiture is expected to improve the company's financial condition by alleviating cash flow pressure and enhancing asset-liability structure, potentially improving financial metrics by removing the negative net asset from consolidated statements [5][6]. - In the first half of 2025, the company reported a revenue of 2.832 billion yuan, a year-on-year increase of 13.63%, but a decline in net profit by 21.91% due to increased R&D expenses and other financial pressures [5].