Tongyu Heavy(SZ:300185) 申万宏源证券上海北京西路营业部·2025-09-26 03:15Core Viewpoint - The acquisition of controlling interest in Tongyu Heavy Industry Co., Ltd. by Guohui Capital, a wholly-owned subsidiary of Shandong Development Investment Holding Group, marks a strategic move to optimize industrial layout and empower the high-end equipment industry in Shandong's new energy sector [1][3]. Group 1: Company Overview - Shandong Development Group, established in January 2016, is a key state-owned enterprise managed by the Shandong Provincial Party Committee, overseeing various funds and operating management functions [3]. - Guohui Capital focuses on industrial investment, financial services, asset management, and innovation incubation, with interests in salt, new energy, and new materials sectors [3]. - Tongyu Heavy Industry, founded in May 2002 and listed on the Shenzhen Stock Exchange in March 2011, is a leading enterprise in Shandong's new energy equipment sector and a significant platform for industrial equipment R&D and manufacturing [3]. Group 2: Transaction Details - The completion of the acquisition results in Guohui Capital becoming the controlling shareholder of Tongyu Heavy Industry, with the actual controller now being the Shandong Provincial State-owned Assets Supervision and Administration Commission [1][3]. - This transaction initiates a new chapter of collaborative development between state capital, industry leaders, and capital platforms, enhancing resource aggregation and capital empowerment effects [3]. Group 3: Financial Advisory Role - Shenwan Hongyuan Securities acted as the financial advisor for the transaction, emphasizing a client-centered service approach and leveraging extensive project experience to facilitate the deal [5]. - The firm aims to continue providing comprehensive financial services that align with clients' strategic development needs, contributing to the high-quality development of the real economy [5].