TMT(SH:600458) Shang Hai Zheng Quan Bao·2025-10-30 22:28Core Viewpoint - The company, Zhuzhou Times New Material Technology Co., Ltd., plans to publicly transfer its 32.873% stake in Hunan Honghui Technology Co., Ltd. to enhance asset operation efficiency and optimize strategic layout, with a minimum valuation of 136.225712 million yuan for the stake, reflecting a 317.86% increase in value [18][20][34]. Financial Data - The third-quarter report for 2025 has been approved by the company's board and supervisory committee, confirming the accuracy and completeness of the financial information [2][15]. - The financial statements for the third quarter of 2025 are unaudited, covering the period from January to September 2025 [3][7]. Shareholder Information - The company has confirmed that there are no changes in the top ten shareholders or any significant changes in shareholding due to the transfer of shares [5][6]. Transaction Overview - The transaction involves the public transfer of the company's entire stake in Honghui Technology, with the transfer price based on an assessment report valuing the stake at no less than 136.225712 million yuan [20][30]. - The transfer is not classified as a major asset restructuring and does not require shareholder approval [19][23]. Evaluation and Pricing - The valuation of Honghui Technology was conducted using both asset-based and income-based methods, with the income-based method yielding a higher valuation of 414.4 million yuan, leading to a significant increase in value [31][34]. - The assessment assumes the company will maintain its high-tech enterprise status, which provides a reduced corporate tax rate of 15% [32][33]. Impact on the Company - The transaction is expected to improve the company's asset operation efficiency and convert equity into more liquid funds, benefiting the company and its shareholders [34].