Tricolor(SH:603516) Mei Ri Jing Ji Xin Wen·2025-12-19 13:32Core Viewpoint - Chunzhong Technology plans to acquire shares in Beijing Xinghe Power Aerospace Technology Co., Ltd. to enhance capital efficiency and investment returns, with a total investment of 70 million yuan [2][5][8]. Group 1: Company Actions - Chunzhong Technology intends to use 30 million yuan of its own funds to acquire 927,580 shares of Xinghe Power, representing 0.2143% of its total share capital [2][5]. - The company's actual controller and chairman, He Shida, plans to invest 40 million yuan to acquire 1,236,770 shares of Xinghe Power [2][5]. - The total investment by Chunzhong Technology and He Shida amounts to 70 million yuan for approximately 2.16 million shares of Xinghe Power [5]. Group 2: Transaction Details - The transaction is classified as a related party investment and has been approved by Chunzhong Technology's board of directors [5][6]. - The shares being acquired are free of any encumbrances, legal disputes, or restrictions on transfer [7]. - The transaction does not constitute a significant asset restructuring and is expected to optimize asset allocation and create greater synergy value [5][7]. Group 3: Industry Context - Xinghe Power is recognized as the first private commercial aerospace company in China to achieve mass production of rockets and high-density launches [9]. - The company has successfully launched 85 satellites and serves 27 clients, holding a 51.3% market share in the domestic private rocket industry [9]. - Xinghe Power recently completed a 2.4 billion yuan D-round financing to accelerate the development of its reusable liquid rockets and related capabilities [9][10].