沙河股份，筹划重大资产重组

Core Viewpoint - Shahe Co. plans to acquire 70% of Jinghua Electronics from Shenye Pengji for cash, which will make Jinghua a subsidiary and included in the consolidated financial statements of the company [2][4]. Group 1: Transaction Details - The transaction is expected to constitute a major asset restructuring and is classified as a related party transaction due to both parties being controlled by the same parent company, Shenye Group [2]. - The acquisition is still in the planning stage, with no formal agreements signed yet. The signed intent agreement is non-binding and requires further negotiation and approval [4]. - If successful, the acquisition will enhance the asset quality, business scale, and profitability of Shahe Co., creating value for shareholders [4]. Group 2: Company Background - Shahe Co. is primarily engaged in real estate development and management, focusing on residential projects in Changsha, Hunan, and Zhengzhou, Henan [5]. - The company reported a significant decline in revenue and net profit for the first three quarters of 2025, with revenue of approximately 20.86 million and a net loss of about 32.22 million [6]. - The top ten circulating shareholders as of September 30 include new entrants like Goldman Sachs International, holding 110.2 thousand shares, representing 0.46% of the total [6].