WEIXING NBM(SZ:002372) Xin Lang Cai Jing·2026-01-23 18:53Transaction Overview - The company plans to acquire 88.2557% of Beijing Songtian Cheng Technology Co., Ltd. for 110,739,201.00 RMB to enhance its product chain in municipal pipeline sectors and improve its system solution capabilities [2][3] - Songtian Cheng, established in 2000, specializes in the R&D, manufacturing, and sales of polyethylene valves for municipal pipelines and is recognized as a "National High-tech Enterprise" [2][8] Financial Data of the Target Company - As of December 31, 2025, the total assets of Songtian Cheng were 135,825,210.12 RMB, with total liabilities of 12,635,259.12 RMB, resulting in a net asset value of 123,189,951.00 RMB [9] - The company reported a revenue of 31,899,366.01 RMB for the year 2025, but incurred a net loss of 10,611,780.97 RMB due to market demand weakness and intensified competition [9][10] Valuation and Assessment - The valuation of the target company was conducted by Kun Yuan Asset Appraisal Co., Ltd., which determined the book value of the equity to be 123,189,951.00 RMB and the assessed value to be 156,844,262.10 RMB, reflecting a 27.32% increase [13][15] Purpose and Necessity of the Acquisition - The acquisition aims to leverage Songtian Cheng's technological advantages in the gas and heat sectors to enhance the company's core competitiveness and transition its business model from selling individual products to integrated solutions [21][24] - The company intends to utilize Songtian Cheng's expertise to expand its market presence and brand influence in the international market for valve products [21] Impact on the Company - The acquisition will be funded through the company's own resources and is not expected to adversely affect its financial status or operational results [23] - It is anticipated that the acquisition will accelerate the transformation of the municipal business model and capitalize on national policies related to municipal pipeline updates and smart city construction [24]