CEVIA(SZ:000885) Zheng Quan Ri Bao Wang·2026-01-07 14:11Group 1 - The core viewpoint of the article is that Chengfa Environment (000885) is acquiring Guangdong Xingzhou as part of its strategic plan to deepen its focus on the environmental protection industry and expand market share, aiming to acquire quality operational assets to enhance scale and regional synergy [1] - The company has completed thorough due diligence and audit assessments prior to the transaction, ensuring that the transaction pricing is fair and reasonable [1] - The acquisition is part of the company's "advantageous merger strategy" centered around its core environmental business, leveraging its management experience from operating over 40 waste-to-energy plants across the country, which has led to continuous improvement in key operational metrics such as plant utilization rate and tonnage [1] Group 2 - The company is committed to conducting mergers and acquisitions within its capability circle, focusing on acquiring and effectively managing "good projects" to continuously enhance development efficiency and strengthen its core business [1] - The acquisition will be a debt-acquisition model, where the company will not only pay for equity but also assume and settle the existing debts and financial support of the target company, which has been included in the overall acquisition cost [1]