Dongzhu Ecological Environment Protection (SH:603359) 中国基金报·2025-08-26 14:02Core Viewpoint - Dongzhu Ecological plans to enter the satellite communication sector by acquiring a controlling stake in Kairui Xingtong Information Technology (Nanjing) Co., Ltd, amid declining performance in its core business [2][5][18]. Group 1: Company Overview - Dongzhu Ecological is primarily engaged in ecological restoration and governance services, but has experienced continuous performance decline in recent years [5][20]. - The company reported net profits of 34.72 million yuan in 2022, followed by losses of 315 million yuan in 2023 and 630 million yuan in 2024 [18][20]. - In the first quarter of 2025, Dongzhu Ecological's net profit was -394,860.94 yuan, a year-on-year decline of 112.69% [21]. Group 2: Acquisition Details - The acquisition of Kairui Xingtong is expected to be a significant asset restructuring, with the company planning to suspend trading starting August 27, 2023, for up to 10 trading days [6][9]. - Kairui Xingtong specializes in satellite communication technology and has been recognized as a nurturing unicorn enterprise in Nanjing [13][18]. - The transaction is still in the planning stage, with initial discussions involving shareholders Shi Yan and Li Jianghua, who hold approximately 16.4% and 16.5% of Kairui Xingtong, respectively [9][11]. Group 3: Market Reaction - On August 26, 2023, Dongzhu Ecological's stock price surged, reaching a closing increase of 7.85%, with a total market capitalization of 3.738 billion yuan [6][8].