Baota Industry(SZ:000595) Zheng Quan Ri Bao Zhi Sheng·2025-10-28 12:36Core Viewpoint - Ningxia Guoyun New Energy Co., Ltd. has successfully completed a major asset restructuring, transitioning from traditional manufacturing to the renewable energy sector, becoming the only listed platform for renewable energy generation in the Ningxia Hui Autonomous Region [1][2]. Group 1: Major Asset Restructuring - The asset restructuring plan was approved by the regional state-owned assets supervision and administration commission and was passed by the company's shareholders on July 11, 2025 [2]. - The transaction involved the disposal of the original bearing manufacturing business and the acquisition of 100% equity in Ningxia Electric Power New Energy Co., Ltd., which focuses on wind, solar, and energy storage projects [2]. Group 2: Significant Improvement in Operating Performance - For the first three quarters of 2025, the company reported revenue of 504 million yuan, a year-on-year increase of 7.74%, and a net profit attributable to shareholders of 118 million yuan, up over 500% [3]. - Operating cash flow increased by 105.47% year-on-year, driven by the expansion of the renewable energy generation segment and the disposal of old assets in the bearing sector, contributing 109 million yuan to profits [3]. - Total assets reached 9.536 billion yuan, a 67.19% increase from the previous year, primarily due to the consolidation of new energy assets [3]. Group 3: Strategic Positioning and Future Outlook - Post-restructuring, the company aims to leverage Ningxia's abundant solar and wind resources to accelerate the integration of wind and solar projects [4]. - The company plans to promote energy collaboration and "green electricity direct supply" models, expanding the application of renewable energy in digital infrastructure [4]. - The restructuring marks a significant milestone, positioning the company as a key player in the renewable energy sector and a model for green energy development in China [4].