YSDZ(SZ:002289) Xin Lang Zheng Quan·2025-11-04 01:35Core Viewpoint - *ST Yushun has made significant progress in acquiring the Zhong'en Cloud Data Center project, with a memorandum signed to facilitate the transaction and a clear timeline established for control transfer and financial consolidation [1][3]. Group 1: Acquisition Progress - The memorandum outlines key arrangements for the acquisition, including an extension for the second phase payment deadline to November 25, 2025, and allows for installment payments before the final deadline [3]. - *ST Yushun is committed to resolving existing equity pledges of the target company, with a promise to clear related loans by December 15 if not completed by November 25 [3]. - Upon payment of 51% of the total transaction price by November 25, *ST Yushun will initiate transitional management measures, including appointing a new board and management for the target company [3]. Group 2: Financial Impact - The acquisition is expected to significantly enhance *ST Yushun's financial performance, with projected revenues from the Zhong'en Cloud project of 735 million, 815 million, and 218 million yuan for 2023, 2024, and Q1 2025 respectively, alongside net profits of approximately 94.78 million, 173 million, and 44.91 million yuan [5]. - If the integration of Zhong'en Cloud is successful by mid-November, it is anticipated to contribute at least 100 million yuan in revenue and around 22 million yuan in net profit to *ST Yushun [5]. - The overall revenue for *ST Yushun is projected to exceed 370 million yuan for the year, with a potential turnaround to profitability, aided by the inclusion of Zhong'en Cloud's financials [6]. Group 3: Strategic Importance - The Zhong'en Cloud project is considered the "strongest surprise" in *ST Yushun's annual performance and is crucial for accelerating the company's process of delisting risk removal and achieving high-quality transformation [4][6].