Core Viewpoint - Guang'an Aizhong (600979.SH) plans to expand its wind power business by acquiring 90% of Qitai County Hengtuo New Energy Power Co., Ltd. for 0 yuan, despite the target company currently having no revenue [1][3]. Financial Performance - For the first half of 2025, Guang'an Aizhong reported revenue of 1.439 billion yuan, a year-on-year decrease of 0.32%, and a net profit of 77.6937 million yuan, down 35.67% year-on-year [6][7]. - As of the end of 2024, Qitai Hengtuo's total assets were 158 million yuan, with a net asset of -1.19 thousand yuan, and it reported zero revenue for the year [4]. Acquisition Details - The acquisition aims to enhance the scale of the green energy industry and promote the transformation of comprehensive energy business [3][4]. - Qitai Hengtuo's main asset is the 400MW wind power project, which is currently under construction with a total investment capped at 1.62 billion yuan [4]. Legal Issues - Guang'an Aizhong and its subsidiary Aizhong Capital were ordered by the Lanzhou Intermediate Court to pay a total of 617 million yuan due to a lawsuit related to equity acquisition obligations [8][9]. - The company plans to appeal the court's decision to protect its legal rights [10].

Core Viewpoint - Guang'an Aizhong plans to acquire 90% of Qitai County Hengtuo New Energy Power Co., Ltd. for 0 yuan to expand its wind power business and increase its green energy industry scale [1][3] Group 1: Acquisition Details - The acquisition will allow Qitai Hengtuo's wholly-owned subsidiary, Qitai Henzhong, to continue investing, constructing, and operating a 400MW wind power project [1] - Guang'an Aizhong and another shareholder, Ruineng Power Co., Ltd., will jointly increase capital in Qitai Hengtuo by 445 million yuan, raising its registered capital to 450 million yuan [1] - Qitai Hengtuo was established in 2023 and primarily engages in power generation, with its main asset being the 400MW wind power project [1][2] Group 2: Financial Performance - As of December 31, 2024, Qitai Henzhong had total assets of 15.8 million yuan and a net asset of -11,900 yuan, with no revenue and a net profit of 680 yuan [2] - By June 30, 2025, total assets surged to 817 million yuan, with net assets of 4.9867 million yuan, while revenue remained at 0 yuan and net profit was -1,300 yuan [2] Group 3: Project Overview - The 400MW wind power project includes the installation of 52 wind turbines, with a total investment capped at 1.62 billion yuan [2] - As of August 2025, significant progress has been made on the project, including 100% completion of access roads and 96% completion of turbine foundations [2] Group 4: Strategic Implications - The acquisition will integrate Qitai Hengtuo into Guang'an Aizhong's consolidated financial statements, enhancing its wind power business and aligning with its long-term strategic direction towards comprehensive energy service transformation [3]

Group 1 - The company Guang'an Aizhong plans to acquire 90% of Qitai County Hengtuo New Energy Power Co., Ltd. for 0 yuan to expand its wind power business and enhance its green energy industry scale [1] - Following the acquisition, Qitai Hengtuo's subsidiary, Qitai County Henzhong New Energy Power Co., Ltd., will continue to invest in and operate a 400MW flexible coal power and wind power project [1] - The company and another shareholder, Ruineng Power Co., Ltd., will jointly increase capital in Qitai Hengtuo by 445 million yuan, raising its registered capital to 450 million yuan [1] Group 2 - As of the latest report, Guang'an Aizhong's market capitalization stands at 6.2 billion yuan [2] - The company's revenue composition for the year 2024 is projected to be: electricity 50.91%, engineering construction and others 24.99%, natural gas 22.68%, and tap water 9.64% [1]

广安爱众（600979）(600979.SH)公告，公司拟以0元的价格收购奇台县恒拓新能源发电有限公司(简 称"奇台恒拓")90%股权。股权收购完成后，奇台恒拓全资子公司奇台县恒众新能源发电有限公司(简 称"奇台恒众")继续投资、建设、运营400MW的恒联奇台煤电灵活性改造配套风电项目;同时，公司与另 一股东瑞能电力有限公司(简称"瑞能电力")共同按持股比例以现金增资方式对奇台恒拓增资4.45亿元， 并按持股比例承接原500万元注册资本的实缴义务，增资后奇台恒拓注册资本变更为4.50亿元;同时，奇 台恒拓以现金增资方式对奇台恒众增资4.45亿元，增资后奇台恒众注册资本变更为4.50亿元。本次股权 收购完成后，奇台恒拓为公司的控股子公司，纳入公司的合并财务报表范围。该事项旨在拓展风力发电 业务，扩大绿能产业规模，促进综合能源业务转型。 ...

Core Viewpoint - The article highlights the development of the Yangjiang Green Energy Demonstration Industrial Park, which aims to leverage abundant offshore wind energy resources to establish a zero-carbon manufacturing ecosystem, attracting green-oriented enterprises and promoting sustainable industrial practices [1][2][3]. Group 1: Offshore Wind Energy Development - Yangjiang has a total installed and under-construction offshore wind power capacity of 13 million kilowatts, making it one of the largest offshore wind equipment manufacturing clusters in China [1]. - The city has planned a total offshore wind power capacity exceeding 40 million kilowatts, creating a diversified green energy supply system that includes wind, hydro, solar, and pumped storage [2][3]. Group 2: Green Energy Demonstration Industrial Park - The Yangjiang Green Energy Demonstration Industrial Park covers an area of approximately 17 square kilometers and focuses on developing offshore wind power equipment, special steel, power batteries, and energy storage devices [1][2]. - The park aims to achieve a green electricity supply system powered by renewable energy, with a target of over 70% of the park's electricity coming from green sources [3][4]. Group 3: Technological Innovation and Industry Upgrading - The industrial park integrates offshore wind power, distributed solar power, energy storage stations, and smart energy management to create a comprehensive green power supply system [4]. - Innovative technologies, such as the world's first 500 kV three-core submarine cable, are being developed to enhance efficiency and reduce environmental impact in the production process [5][4]. Group 4: Carbon Management and Certification - Yangjiang is working on establishing a carbon management platform and has engaged with international organizations to meet carbon footprint certification requirements [6][7]. - The park is expected to provide approximately 3.3 billion kilowatt-hours of traceable green electricity annually, which aligns with EU carbon border adjustment tax standards [7][8].