000545，重大资产重组！停牌！

Core Viewpoint - Jinpu Titanium Industry plans to acquire the equity of Lide Dongfang through significant asset replacement, issuing shares, and cash payment, while simultaneously raising matching funds [1][5]. Group 1: Transaction Details - After the transaction, Lide Dongfang will become a controlling subsidiary of Jinpu Titanium Industry [2]. - The stock of Jinpu Titanium will be suspended from trading starting July 1, with the transaction plan expected to be disclosed within 10 trading days [2]. - The assets to be replaced include certain assets and liabilities of the company, with the specific scope yet to be determined [5]. Group 2: Company Background - Lide Dongfang has a registered capital of 200 million yuan and was established in 2011, focusing on automotive parts, rail transit components, rubber and plastic products, and related manufacturing services [5]. - Jinpu Titanium Industry is one of the earliest producers of titanium dioxide in China, facing environmental pressures and overcapacity issues in the industry [5]. Group 3: Strategic Shift - The company has shifted its main business focus to a dual-drive model of "titanium dioxide + lithium battery materials" due to the byproduct of ferrous sulfate from titanium dioxide production being used in iron phosphate preparation [5]. - In April, the company announced the termination of its investment plan in a lithium battery new materials company, indicating a complete withdrawal from a 200,000 tons/year iron phosphate project [6]. Group 4: Financial Performance - For 2024, the company expects total revenue of 2.133 billion yuan, a year-on-year decrease of 5.86%, with a net loss of 244 million yuan compared to a loss of 175 million yuan in the previous year [7]. - In the first quarter of 2025, the company reported total revenue of 542 million yuan, a year-on-year decline of 3.62%, with a net loss of 15.38 million yuan compared to a loss of 13.57 million yuan in the same period last year [7]. - The proportion of shares held by Jinpu Group that are judicially frozen or marked has reached 100%, which may lead to changes in the controlling shareholder and actual controller [7].