Kings(SH:603505) Ge Long Hui A P P·2025-12-21 09:25Core Viewpoint - The company, Jinshi Resources, is expanding its business from fluorite resources to fine fluorochemical products, aiming to leverage its core advantages in upstream fluorite mining and basic fluorochemical products to enter the high-growth fine fluorochemical sector [1][2]. Group 1: Company Overview - Jinshi Resources is a leading enterprise in the fluorochemical industry, extending its operations to basic fluorochemical products such as anhydrous hydrofluoric acid and lithium hexafluorophosphate for lithium battery materials [1]. - The company is acquiring a 15.7147% stake in Noah Fluorochemical, a high-tech enterprise specializing in the R&D, manufacturing, and sales of fluorinated electronic chemicals [1]. Group 2: Transaction Details - The acquisition will cost 257 million yuan, making Jinshi Resources the second-largest shareholder in Noah Fluorochemical, with a shareholding ratio just 0.1415% lower than the largest shareholder [1]. - Noah Fluorochemical's products include fluorinated cooling liquids and high-end electronic cleaning agents, which have established a strong market presence, particularly in the domestic and international server markets [1]. Group 3: Strategic Intent - The investment aligns with the company's strategy of "resource + technology" dual-driven approach and aims for vertical integration in the fine fluorochemical sector, enhancing value chain depth and industry consolidation [2]. - The focus on high-growth potential in the fine fluorochemical market reflects the company's commitment to strategic expansion and innovation [2].