Zhong Guo Ji Jin Bao·2025-12-26 14:30Core Viewpoint - Yingda Securities plans to sell 100% equity of Yingda Futures for 1.1293 billion yuan to China National Petroleum Corporation Capital Limited, aiming to optimize its financial business layout and focus on core operations [1][3]. Group 1: Transaction Details - The sale price for Yingda Futures is set at 1.1293 billion yuan, with an assessed value increase of 86.61 million yuan, representing an 8.31% appreciation [3]. - The transaction will not be included in Yingda's consolidated financial statements post-completion and does not constitute a related party transaction or a major asset restructuring [3]. - The deal is subject to approval from the State-owned Assets Supervision and Administration Commission, and the buyer's qualifications need to be approved by the China Securities Regulatory Commission [3]. Group 2: Strategic Implications - The sale is intended to enhance the company's core competitiveness and improve cash flow, allowing for resource concentration on transformation initiatives [3]. - China National Petroleum Corporation Capital Limited aims to strengthen its financial service capabilities by acquiring Yingda Futures, which will provide comprehensive risk management services to its extensive oil and gas industry clients [4][5].