Xin Lang Cai Jing·2025-12-29 11:37Core Viewpoint - Changxin Bochuang announced plans to sign a management entrustment agreement with its controlling shareholder, Changfei Fiber and Sichuan Guangheng, to manage the daily operations of Sichuan Guangheng, constituting a related party transaction but not a major asset restructuring [1] Group 1: Transaction Details - The management entrustment period will start from January 1, 2026, lasting for 24 months [1] - A fixed management fee of 500,000 yuan per year will be charged, with a variable fee of 5% on net profit exceeding the previous year's amount [1] Group 2: Financial Performance - For the first three quarters of 2025, Changfei Fiber reported revenue of 10.275 billion yuan and a net profit of 541 million yuan [1] - Sichuan Guangheng reported revenue of 502 million yuan and a net profit of 5.9162 million yuan during the same period [1] Group 3: Approval and Oversight - The transaction has been approved by the board of directors, and the sponsoring institution has no objections [1]