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Core Viewpoint - The acquisition of control over Xusheng Group by Guangzhou Industrial Investment Holding Group marks a significant shift in ownership, with the aim of enhancing the company's position in the new energy vehicle sector [2][10]. Group 1: Ownership Change - Xusheng Group announced that its controlling shareholder will change to Guangzhou Industrial Investment Holding Group, with the actual controller becoming the Guangzhou Municipal Government [2]. - The total consideration for the acquisition is 4.295 billion yuan, with Guangzhou Industrial Investment and its affiliates set to control 27.0455% of Xusheng Group's shares post-transaction [8][10]. - The shareholding structure will see Xu Xudong's stake decrease from 10.0238% to 7.5232%, while the combined stake of Guangzhou Industrial Investment and its affiliates will increase significantly [9]. Group 2: Financial Performance - For the first three quarters of 2025, Xusheng Group reported revenue of 3.226 billion yuan, a year-on-year decrease of 1.48%, and a net profit attributable to shareholders of approximately 300 million yuan, down 7.16% [10][11]. - The company has committed to achieving a cumulative net profit of no less than 1.5 billion yuan from 2026 to 2028, with a minimum of 400 million yuan for 2026 alone [12]. Group 3: Strategic Intent - Guangzhou Industrial Investment aims to leverage Xusheng Group as a platform to strengthen and expand its supply chain in the new energy vehicle sector, aligning with national policies for state-owned enterprise reform [10]. - The group plans to create a closed-loop industrial ecosystem by integrating chain-leading enterprises with localized support [10].