YSDZ(SZ:002289) Zheng Quan Ri Bao Wang·2025-11-25 13:11Core Viewpoint - Shenzhen Yushun Electronics Co., Ltd. (*ST Yushun) is progressing with a significant asset acquisition, having paid 51% of the total transaction price of 3.35 billion yuan for 100% equity in three companies, including Zhong'en Cloud (Beijing) Data Technology Co., Ltd. [1][2] Group 1: Transaction Details - The company has paid a deposit of 1.7085 billion yuan, which is 51% of the total transaction price of 3.35 billion yuan [1] - The acquisition allows *ST Yushun to gain immediate control over the target companies, enabling the initiation of financial consolidation processes [1][2] - The transition management measures include re-election of the board, appointment of two directors from the listed company, and changes in key management personnel [1] Group 2: Financial Impact - The target companies operate a data center project with approximately 8,000 cabinets, showing stronger profitability than *ST Yushun's existing business [2] - Projected financial performance indicates that *ST Yushun's revenue will increase from 220 million yuan to 1.036 billion yuan in 2024, with a turnaround from a net loss of 18 million yuan to a profit of 156 million yuan [2] - The net profit for the first quarter of 2025 is expected to rise significantly from 1.1449 million yuan to 46.0512 million yuan [2] Group 3: Funding and Support - The 1.7085 billion yuan paid so far is funded by loans from the controlling shareholder, Shanghai Fengwang Industrial Co., Ltd., using its own funds and internal cash flow [2] - The transaction counterpart has issued a confirmation letter agreeing to waive penalties and defer claims related to transitional management measures until the full payment is made by December 31, 2025 [2] Group 4: Strategic Implications - Successful implementation of this acquisition is expected to position *ST Yushun in the rapidly growing data technology sector, fundamentally improving its operational status and asset quality [3]