Zhong Guo Ji Jin Bao·2025-11-10 22:49Core Viewpoint - Victory Co., Ltd. plans to issue shares and pay cash to acquire gas-related assets controlled by its controlling shareholder and related parties, with the stock resuming trading on November 11, 2025 [1][2][5]. Group 1: Acquisition Details - The acquisition includes 100% equity of Zhongyou Zhuhai held by Zhongyou Investment, 100% equity of Tiandali Tong held by Tiandashengtong, 51% equity of Nantong Zhongyou held by Zhongyou Zhongtai, and 40% equity of Ganhe Zhongyou [2][4]. - The transaction is expected to constitute a major asset restructuring and related party transaction but will not result in a restructuring listing [4]. Group 2: Strategic Implications - The acquired companies primarily provide natural gas application services to industrial, commercial, and residential sectors [5]. - The transaction aims to leverage synergies, integrate industry resources, enhance profitability, and deepen the company's position in the gas industry [5]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported a revenue of 3.042 billion yuan, a decrease of 5.07% year-on-year, while the net profit attributable to shareholders increased by 9.43% to approximately 120 million yuan [6][7]. - The company plans to distribute cash dividends of 0.15 yuan per 10 shares, totaling approximately 13.2 million yuan [7]. Group 4: Market Position - As of October 27, 2025, the stock price was 3.78 yuan per share, with a total market capitalization of 3.3 billion yuan [8][9].