Core Viewpoint - The company aims to enhance its core competitiveness and risk resistance by acquiring quality assets and achieving strategic transformation through the purchase of Dongjin Aviation, which is expected to facilitate the integration of air and land operations [1] Group 1 - The acquisition of Dongjin Aviation is intended to leverage synergies and create an integrated enterprise focused on "air-land integration" planning and operational management [1] - The company emphasizes the importance of establishing a new quality production capacity and strategic upgrade through this acquisition [1] - The move is seen as a way to strengthen the company's core competitiveness and ability to withstand risks [1]

Core Viewpoint - Suzhou Planning (301505.SZ) is undergoing a strategic transformation through a restructuring plan to acquire 100% of Beijing Dongjin Aviation Technology Co., Ltd. (Dongjin Aviation), aiming to expand into the low-altitude economy sector [1][2] Group 1: Restructuring Details - The acquisition will be financed through a combination of issuing shares and cash payments, along with raising additional funds from no more than 35 specific investors [2] - Dongjin Aviation has been experiencing continuous losses and has a high debt ratio, with a total net loss of 66.68 million yuan from 2023 to the first quarter of 2025 [1][5] - As of March 2025, Dongjin Aviation's total assets were 84.41 million yuan, with a debt ratio of 78.49% [6] Group 2: Financial Performance - Suzhou Planning has faced significant performance pressure, with net profits declining for two consecutive years since its IPO in July 2023 [7] - In 2023 and 2024, Suzhou Planning reported revenues of 391 million yuan and 308 million yuan, representing year-on-year declines of 3.35% and 21.24% respectively [7] - The company’s net profit for 2024 was 29.06 million yuan, down 62.77% from the previous year [7] Group 3: Strategic Goals - The restructuring is intended to create synergies between Suzhou Planning's traditional urban planning services and Dongjin Aviation's low-altitude airspace planning, aiming for a new paradigm in urban planning [3] - The goal is to transition from traditional technical services to an integrated information platform service that encompasses both land and air [3] - This strategic shift is seen as essential for enhancing the company's core competitiveness and addressing the challenges posed by slow project progress and declining revenues [8]

Core Viewpoint - Suzhou Planning (301505.SZ) has resumed trading and announced a plan to acquire 100% of Beijing Dongjin Aviation Technology Co., Ltd. through a combination of issuing shares and cash payment, with the share issuance price set at 18.00 yuan per share [1][2]. Group 1: Transaction Details - The acquisition involves issuing shares and cash payment, with the exact number of shares and cash ratio to be determined after final negotiations on the transaction price [1][2]. - The company plans to raise funds from no more than 35 specific investors through an inquiry-based share issuance, with the total amount not exceeding 100% of the transaction price [2][3]. - The transaction is not expected to meet the criteria for a major asset restructuring as per the relevant regulations [2][3]. Group 2: Financial Performance of Target Company - Beijing Dongjin Aviation Technology reported revenues of 55.63 million yuan, 59.40 million yuan, and 9.08 million yuan for the years 2023, 2024, and the first quarter of 2025, respectively, with net losses of 8.49 million yuan, 33.01 million yuan, and 26.32 million yuan during the same periods [5][6]. - The total assets of Dongjin Aviation Technology were 84.41 million yuan as of March 31, 2025, with total liabilities of 66.25 million yuan [7]. Group 3: Strategic Implications - The acquisition is expected to help Suzhou Planning expand its core business from ground space planning to a comprehensive service model that includes "air-ground integration" planning and management [4]. - The transaction aims to enhance the company's overall service capabilities in urban construction and development [4].