Core Viewpoint - Zhongke Environmental Protection has acquired 100% equity of Guangxi Guigang Beikong Water Environmental Protection Co., Ltd. and Guangxi Pingnan Beikong Water Environmental Protection Co., Ltd. through public bidding, enhancing its position in the waste incineration power generation sector [2][3]. Group 1: Acquisition Details - The acquisition price for Guigang Environmental Protection is 303 million yuan, and for Pingnan Environmental Protection is 51.75 million yuan [2]. - After the transfer, both companies will become wholly-owned subsidiaries of Zhongke Environmental Protection [2]. - Guigang Environmental Protection operates a waste incineration power generation project with a total investment of approximately 918 million yuan and a capacity of 1,500 tons per day [2]. - Pingnan Environmental Protection operates a similar project with a total investment of about 531 million yuan and a capacity of 1,200 tons per day [2]. Group 2: Financial Metrics - As of May 31, 2024, Guigang Environmental Protection has a net asset value of 260 million yuan, with a total equity appraisal value of 335 million yuan, reflecting a value increase of 28.74% [2]. - Pingnan Environmental Protection has a net asset value of 57.26 million yuan, with a total equity appraisal value of 57.5 million yuan, showing a value increase of 0.42% [2]. Group 3: Strategic Implications - The acquisition aligns with the company's strategic planning, aiming to expand its waste incineration power generation business and enhance its market presence in Guangxi Zhuang Autonomous Region [4]. - The company has a history of successful acquisitions and operational standardization, which has led to significant profit increases in recent projects [4]. - The company is also expanding its international footprint in Southeast Asia and countries involved in the Belt and Road Initiative, indicating a broader growth strategy [4].