HJHS(SH:603616) Jin Rong Jie·2026-02-04 02:44Core Viewpoint - Han Jian He Shan has announced plans to acquire 99.9978% of Liaoning Xingfu New Materials Co., Ltd. through a combination of share issuance and cash payment, aiming to enhance its business portfolio and respond to national calls for business upgrades [3][4]. Group 1: Acquisition Details - The acquisition is motivated by the need for new revenue growth points due to current business challenges faced by Han Jian He Shan [3]. - The target company, Xingfu New Materials, is a leading manufacturer of organic chemical raw materials, including specialty engineering plastics and intermediates for pesticides and pharmaceuticals [3]. - The transaction is expected to expand Han Jian He Shan's business layout by adding a new segment in organic chemical raw material manufacturing [3]. Group 2: Financial and Regulatory Aspects - Following the announcement, the Shanghai Stock Exchange issued an inquiry regarding the target company's declining revenue and significant fluctuations in net profit, as well as the adequacy of Han Jian He Shan's cash resources to support the cash component of the deal [3]. - Prior to the suspension of trading, Han Jian He Shan's stock price hit the daily limit up, coinciding with the signing of the asset purchase intention agreement [3][4].