BGT(SZ:300774) Bei Jing Shang Bao·2025-11-20 12:39Core Viewpoint - The company Beijite (300774) announced a restructuring plan to acquire a 55% stake in Wenshan Dahao Mining Development Co., Ltd. for approximately 225 million yuan, despite the target company not being profitable and having significant debt [1][4]. Group 1: Acquisition Details - Beijite's wholly-owned subsidiary plans to acquire the stake using self-owned or self-raised funds, with the transaction expected to enhance the company's operational efficiency and risk resilience [2][3]. - The acquisition will allow Beijite to integrate upstream and downstream operations in the mining sector, focusing on mineral resource exploration and development [3][4]. - The target company, Dahao Mining, holds nine mining rights, including two mining rights and seven exploration rights, but has not yet commenced mining operations [2][3]. Group 2: Financial Performance - Dahao Mining reported zero revenue and negative net profits of approximately -16.52 million yuan for 2024 and -12.86 million yuan for the first seven months of 2025, primarily due to incomplete construction and lack of operations [4][5]. - As of October 31, Dahao Mining's total debt was approximately 191 million yuan, with plans for Beijite's subsidiary to manage part of this debt through loans [5]. - Beijite's financial performance showed a revenue increase of 11.42% year-on-year to 728 million yuan in the first three quarters, but net profit decreased by 31.4% to approximately 106 million yuan [6].