中信特钢拟15亿元收购富景特100%股权 加码全球钢铁贸易布局

Core Viewpoint - The acquisition of 100% equity in Fujing Special Co., Ltd. by CITIC Special Steel's wholly-owned subsidiary is a strategic move to enhance its global operations and supply chain capabilities [1][3] Financial Performance - Fujing Special reported an audited revenue of 13.118 billion yuan and a net profit of 35.1 million yuan for the fiscal year 2024, with total assets of 4.197 billion yuan and net assets of 1.492 billion yuan [2] - For the first three quarters of 2025, Fujing Special achieved a revenue of 8.509 billion yuan and a net profit of 8.3 million yuan, with total assets increasing to 4.599 billion yuan and net assets to 1.584 billion yuan [2] - The valuation of Fujing Special's equity was assessed at 1.509 billion yuan, reflecting a 1.17% increase over its book net assets [2] Strategic Implications - The acquisition is positioned as a key component of CITIC Special Steel's globalization strategy, aiming for deep business integration and enhanced international market presence [3] - By leveraging the established international operational platform of Stanko Group, CITIC Special Steel seeks to improve its global supply chain and bargaining power [3] - The transaction is expected to facilitate CITIC Special Steel's transition from a "product supplier" to a "global system solution provider," thereby expanding its international market share and core competitiveness [3]