XINXING PIPES(SZ:000778) Xin Lang Cai Jing·2025-12-31 11:45Core Viewpoint - The acquisition of Jiangyin Huaren Steel by Wuhu Xinxing Foundry, a subsidiary of Xinxing Casting, is a strategic move approved by relevant authorities, aimed at optimizing the steel product structure and accelerating the transformation towards high-end special steel [1][1]. Group 1 - The acquisition has been officially completed, leading to the establishment and unveiling of Jiangyin Xinxing Special Steel Co., Ltd [1][1]. - This strategic initiative is part of Xinxing Casting's focus on its core business and is expected to enhance collaboration between Wuhu Xinxing and Jiangyin Xinxing Special Steel [1][1]. - The move is anticipated to leverage the channel advantages of both companies, accelerating the transition of products towards high-end markets [1][1]. Group 2 - The acquisition is expected to promote the construction of a cross-regional collaborative and resource-sharing steel industry system [1][1]. - The overall goal is to facilitate the transformation of the steel sector towards high-end, green, and integrated development [1][1].