Core Viewpoint - Anhui Heli plans to acquire 51% equity of Anhui Jianghuai Heavy Engineering Machinery Co., Ltd. from its controlling shareholder for 274 million yuan, aiming to eliminate competition and integrate quality assets within the group [2][7]. Financial Impact - The acquisition will lead to a retrospective adjustment of financial statements, with expected revenue and net profit increases of approximately 473 million yuan and 18.66 million yuan for the fiscal year 2024, and 576 million yuan and 21.59 million yuan for the first half of 2025 [8]. - As of August 31, 2025, Jianghuai Heavy's total assets are reported at 759 million yuan, with total liabilities of 487 million yuan and net assets of 272 million yuan [8]. Company Background - Jianghuai Heavy was established in September 2003 with a registered capital of 160 million yuan, focusing on excavators, road rollers, forklifts, and related services [6]. - Since the transfer of 51% equity to Anhui Forklift Group, Jianghuai Heavy's operational performance has improved, with a 3.5% increase in revenue and a 36% increase in total profit year-on-year [6]. Transaction Details - The acquisition price is based on a valuation of 537 million yuan for Jianghuai Heavy's total equity, reflecting a 97.67% increase over the book value [6]. - The payment will be made in a lump sum within five working days after the contract becomes effective, with the transfer of ownership expected to be completed within 60 working days [6]. Governance and Strategic Benefits - The transaction is classified as a related party transaction but does not constitute a major asset restructuring, which is expected to enhance corporate governance and reduce related party transactions [7]. - The acquisition is anticipated to improve asset securitization rates and foster synergies in R&D, production, supply chain, sales, and management, leading to differentiated product offerings and a more comprehensive business layout [8].