WZ Group(SH:600704) Chang Jiang Shang Bao·2026-01-13 23:38Core Viewpoint - The acquisition plan of Wuchan Zhongda (600704.SH) for Huzhou South Taihu Power Technology Co., Ltd. is progressing smoothly, with the target company obtaining the new high-tech enterprise qualification, indicating a positive outlook for the transaction [1][8]. Group 1: Acquisition Details - Wuchan Zhongda announced a cash acquisition of 100% equity in South Taihu Technology for 1.457 billion yuan, with a premium rate of 2.7 times [1][2]. - The target company is expected to generate a net profit of approximately 130 million yuan in 2024 and 49.63 million yuan from January to May 2025 [3][8]. - The acquisition is part of Wuchan Zhongda's strategy to enhance its position in the cogeneration industry and align with the "dual carbon" policy [6][7]. Group 2: Financial Performance - As of September 2025, Wuchan Zhongda's total assets exceeded 220 billion yuan [4][12]. - The company has distributed a total of 11.337 billion yuan in cash dividends to shareholders [5]. - In the first three quarters of 2025, Wuchan Zhongda achieved a revenue of 432.979 billion yuan, a year-on-year decrease of 2.03%, while net profit reached 3.051 billion yuan, showing a year-on-year increase of 30.87% [10]. Group 3: Strategic Positioning - Wuchan Zhongda is recognized as a leader in supply chain integration services and has been ranked among the Fortune Global 500 for 15 consecutive years, placing 150th in 2024 [9]. - The company aims to create a competitive supply chain ecosystem through strategic collaboration and investment activities [9]. - The acquisition of South Taihu Technology is expected to further enhance Wuchan Zhongda's profitability and market share in the cogeneration sector [11].