BOOMY(SH:688290) Shang Hai Zheng Quan Bao·2025-12-29 20:59Core Viewpoint - The company plans to establish a holding subsidiary, Hangzhou Jinghan Energy Technology Co., Ltd., focusing on advanced nuclear energy systems and key equipment development, with a registered capital of RMB 50 million [2][3]. Group 1: New Business Overview - The new subsidiary will have a registered capital of RMB 50 million, with the company contributing RMB 17.5 million (35%) and other investors contributing the remainder [2][5]. - The main business of the new company will focus on research, design, and manufacturing of advanced nuclear energy systems and key equipment [3][5]. - The establishment of the new company has been approved by various board meetings and does not constitute a major asset restructuring as per regulations [3][6]. Group 2: Industry Context - The global market for small modular reactors (SMR) is entering a commercial demonstration phase, with significant growth potential, projected to exceed several hundred billion USD in the next decade [13][14]. - China is a leading country in the development and demonstration of SMR and micro-reactor technologies, with significant advantages in engineering practices and market application potential [14]. Group 3: Management and Operational Structure - The company will directly hold 35% of the new subsidiary's shares and indirectly control 51% through its wholly-owned subsidiary [15]. - The new company will establish a governance structure and management system in line with the parent company's standards, ensuring compliance and effective risk management [16][24]. Group 4: Financial and Operational Impact - The new business is a strategic move for the company, leveraging its existing capabilities in the nuclear industry to expand into advanced nuclear systems [27]. - Initial investments will be made using the company's own funds, with expectations of potential short-term losses as the new business develops [28][29].