兴化股份：兴化新能源目前为公司全资子公司兴化化工持股80%的控股子公司

Core Viewpoint - Xinghua Co., Ltd. is enhancing its control over Xinghua New Energy by acquiring an additional 20% stake, making it a wholly-owned subsidiary, which will streamline internal decision-making processes and improve operational efficiency [1] Group 1 - Xinghua New Energy is currently a subsidiary of Xinghua Chemical, with Xinghua Chemical holding 80% of its shares [1] - The acquisition will allow Xinghua Chemical to fully own Xinghua New Energy, thereby increasing its management control [1] - This move is expected to optimize the business and governance structure of Xinghua Chemical, leading to reduced operational costs [1]