Core Viewpoint - Anhui Heli (600761.SH), a leading industrial vehicle manufacturer, plans to acquire 51% of Anhui Jianghuai Heavy Engineering Machinery Co., Ltd. (Jianghuai Heavy Industry) from its controlling shareholder, Anhui Forklift Group, for 274 million yuan to resolve competition issues with its parent company [1][4]. Group 1: Acquisition Details - The acquisition aims to eliminate the same-line competition between Anhui Heli and Anhui Forklift Group, enhancing asset securitization and consolidating core competitiveness [1][4]. - Jianghuai Heavy Industry reported revenues of 767 million yuan and a net profit of 59.31 million yuan for the first eight months of 2025, with total assets of 759 million yuan and a debt ratio of 64.21% [1][6]. - The transaction price of 274 million yuan reflects a valuation increase of 97.67% compared to Jianghuai Heavy Industry's equity value [4]. Group 2: Financial Performance - Anhui Heli achieved revenues of 9.39 billion yuan and a net profit of 796 million yuan in the first half of 2025, with overseas revenue reaching 4.016 billion yuan, a year-on-year increase of 15.20% [2][7]. - The company’s sales volume reached 204,200 units in the first half of 2025, a year-on-year increase of 17.23%, with domestic sales growing by 11.28% [7]. - Following the acquisition, Anhui Heli expects to adjust its financial statements, anticipating an increase in revenue of approximately 473 million yuan and a net profit increase of about 18.66 million yuan for the fiscal year 2024 [6].

Core Viewpoint - Anhui Heli plans to acquire 51% stake in Anhui Jianghuai Heavy Engineering Machinery Co., Ltd. for 274 million yuan, aiming to enhance its competitive edge and eliminate industry competition [1][2] Group 1: Acquisition Details - The acquisition will be conducted in cash and the seller is Anhui Forklift Group, the controlling shareholder of Anhui Heli [1] - Jianghuai Heavy Industry was established in September 2003 with a registered capital of 160 million yuan [1] - Following the transfer of shares to Forklift Group, Jianghuai Heavy Industry has seen steady revenue growth, with a 3.5% increase in revenue and a 36% increase in total profit in 2024 [1] Group 2: Strategic Benefits - The merger is part of a strategy to integrate quality assets within the group, enhancing the overall asset securitization rate of Forklift Group [2] - The acquisition will foster deeper collaboration in research, production, supply, sales, branding, and management between Anhui Heli and Jianghuai Heavy Industry [2] - The transaction is expected to address gaps in certain products and markets for Anhui Heli, promoting a complementary differentiation strategy [2] Group 3: Financial Impact - Post-acquisition, Jianghuai Heavy Industry will be included in Anhui Heli's consolidated financial statements, necessitating retrospective adjustments to financial reports from July 2024 [2] - The expected increase in revenue for Anhui Heli in 2024 is approximately 473 million yuan, with a net profit increase of about 18.66 million yuan [2] - For the first half of 2025, the anticipated revenue increase is around 576 million yuan, with a net profit increase of approximately 21.59 million yuan [2]

Core Viewpoint - Anhui Heli plans to acquire 51% equity of Anhui Jianghuai Heavy Engineering Machinery Co., Ltd. for 274 million yuan, aiming to enhance its competitive edge and optimize asset structure [1][2] Group 1: Acquisition Details - The acquisition involves cash payment and is made to the controlling shareholder, Anhui Forklift Group [1] - After the acquisition, Jianghuai Heavy Engineering will be included in the consolidated financial statements of Anhui Heli [1][2] - Jianghuai Heavy Engineering has shown positive operational trends, with a 3.5% increase in revenue and a 36% increase in total profit in 2024 [1] Group 2: Strategic Benefits - The merger is expected to enhance the overall asset securitization rate of the Forklift Group and create a more competitive machinery equipment industry cluster [2] - It will facilitate comprehensive collaboration in research, production, supply, sales, branding, and management between Anhui Heli and Jianghuai Heavy Engineering [2] - The acquisition aims to address gaps in specific products and markets, achieving differentiated complementarity [2] Group 3: Financial Impact - Following the acquisition, Anhui Heli anticipates an increase of approximately 473 million yuan in revenue and 18.66 million yuan in net profit for the fiscal year 2024 [2] - For the first half of 2025, the expected revenue increase is about 576 million yuan, with a net profit increase of approximately 21.59 million yuan [2]