Zheng Quan Shi Bao·2025-12-15 22:42Core Viewpoint - Dongfang Garden is initiating a significant asset restructuring to strategically enter the renewable energy sector after successfully completing judicial reorganization and divesting its traditional ecological and environmental business [1][5]. Group 1: Asset Restructuring - Dongfang Garden plans to acquire 100% equity of Haicheng Ruihai New Energy Co., Ltd. and 80% equity of Beijing Electric Power Investment Ruixiang New Energy Development Co., Ltd. through cash payments [3]. - The acquisition of Haicheng Ruihai will be conducted via a public bidding process at the Tianjin Property Exchange, with a minimum transfer price of 14.1 million yuan [3][4]. - The transaction is expected to constitute a major asset restructuring, with the company committed to disclosing and implementing the acquisition in accordance with relevant regulations [3]. Group 2: Business Overview of Target Companies - Haicheng Ruihai, established in 2018, focuses on the investment, development, construction, and operation of decentralized wind farms, with a total connected capacity of 41 MW as of June 30, 2025 [4]. - Revenue for Haicheng Ruihai was approximately 44.19 million yuan in 2024 and 20.52 million yuan in the first half of 2025, with net profits of 2.76 million yuan and 3.33 million yuan respectively [4]. - Beijing Electric Power Investment Ruixiang, founded in 2023, specializes in centralized wind farms and distributed photovoltaic power stations, with a total connected capacity of 761.62 MW as of June 30, 2025 [4]. - Revenue for Electric Power Investment Ruixiang was approximately 232 million yuan in 2024 and 175 million yuan in the first half of 2025, with net profits of 53.24 million yuan and 51.95 million yuan respectively [4]. Group 3: Strategic Goals - The restructuring aims to enhance Dongfang Garden's business transformation towards renewable energy, focusing on centralized power station development, distributed energy project development, and the securitization of renewable resources [4][5]. - The company is changing its name from "Beijing Dongfang Garden Environment Co., Ltd." to "Beijing Dongfang Ecological New Energy Co., Ltd." and its stock name from "Dongfang Garden" to "Dongfang New Energy" to better align with its current business focus and future development strategy [5].