ST太重再向控股股东出售资产

Core Viewpoint - ST TaiZhong (600169.SH) is planning to sell 100% equity of its wholly-owned subsidiary Shanxi TaiZhong Coking Equipment Co., Ltd. for approximately 618 million yuan to optimize its asset structure and improve liquidity and debt repayment capability [1][3]. Group 1: Asset Sale Details - The sale will be conducted through a non-public agreement with Taiyuan Heavy Machinery Group Co., Ltd., which holds 51.40% of ST TaiZhong's shares, making this a related party transaction [2][3]. - Prior to this sale, Shanxi TaiZhong Coking Equipment Co., Ltd. underwent a series of adjustments, including a name change and an increase in registered capital from 1 million yuan to 100 million yuan [3][4]. - The net asset book value of Shanxi TaiZhong Coking Equipment Co., Ltd. is approximately 617 million yuan, with an assessed value of about 618 million yuan, resulting in a slight increase of 918,200 yuan and a growth rate of 0.15% [3][4]. Group 2: Financial Impact and Industry Context - The asset-liability ratio of Shanxi TaiZhong Coking Equipment Co., Ltd. stands at 82.86%, and the transaction is expected to lower total assets and liabilities, enhancing the company's financial condition and operational results [4]. - The coking business has been under pressure due to a weak steel industry, with revenues declining by an average of 70% annually from 2022 to 2024, and gross margins decreasing by approximately 6 percentage points each year [4]. - By divesting the underperforming coking business, ST TaiZhong aims to improve its overall profitability [4]. Group 3: Previous Asset Sales - Since June 2024, ST TaiZhong has already sold assets to its controlling shareholder twice, including the transfer of the LaDanPao project and wind power-related assets [5][6]. - In December 2024, the company proposed to sell its wind power-related equity to Taiyuan Heavy Machinery Group for approximately 467 million yuan, which was completed in June 2025 [6][7].