中钨高新拟8.21亿元收购关联公司 标的净资产为3.04亿元

Core Viewpoint - The company, Zhongtung High-tech, plans to acquire a 99.9733% stake in Hunan Yuanjing Tungsten Industry Co., Ltd. from Minmetals Tungsten Industry Group for a transaction price of 821 million yuan, aiming to resolve competition issues and enhance business independence [2][3]. Group 1: Acquisition Details - The acquisition is motivated by the commitment of the actual controller, China Minmetals, to avoid competition in the capital market and to integrate the tungsten industry chain [2]. - The transaction constitutes a related party transaction but does not qualify as a major asset restructuring [2]. - Yuanjing Tungsten Industry, established in January 2003, has a registered capital of 305 million yuan and primarily engages in tungsten metal mining and sales [2]. Group 2: Financial Performance of Yuanjing Tungsten - For the period from January to May 2025, Yuanjing Tungsten reported revenues of 142 million yuan and a net profit of 34 million yuan, with a negative cash flow from operating activities of 17 million yuan [3]. - As of May 31, 2025, Yuanjing Tungsten's total assets were 409 million yuan, total liabilities were 105 million yuan, and net assets were 304 million yuan [3]. - The company holds approximately 154,500 tons of tungsten metal, with an annual production capacity of 2,600 tons [3]. Group 3: Impact on Zhongtung High-tech - The acquisition is expected to enhance the tungsten resource self-sufficiency rate of Zhongtung High-tech, improve asset quality and profitability, and strengthen the company's risk resistance capabilities [3]. - Zhongtung High-tech operates as the tungsten industry management platform under China Minmetals, managing a complete tungsten industry chain from mining to trading [3]. - In the first three quarters of 2025, Zhongtung High-tech reported revenues of 4.906 billion yuan, a year-on-year increase of 13.39%, and a net profit of 335 million yuan, up 18.26% year-on-year [4].