XINXING PIPES(SZ:000778) 智通财经网·2025-12-11 10:49Core Viewpoint - The company, Xinxing Casting, announced its plan to acquire 100% equity of Jiangyin China Resources Steel Co., Ltd. for a transaction price of 1.244 billion yuan, which will enhance its market competitiveness and core capabilities in the steel industry [1]. Group 1: Acquisition Details - The acquisition will be executed by the company's wholly-owned subsidiary, Wuhu Xinxing, which will directly hold 100% equity of China Resources Steel after the transaction [1]. - China Resources Steel primarily engages in steel smelting and processing, with an annual steel production capacity of 940,000 tons and various other capacities for seamless steel pipes and steel plates [1]. Group 2: Operational and Strategic Implications - Post-acquisition, Wuhu Xinxing will take over the production and operations of China Resources Steel, facilitating market expansion and enhancing the company's competitive edge [1]. - The acquisition is expected to optimize the company's steel product structure and accelerate the transformation towards high-quality special steel [1].