Core Viewpoint - The article discusses the significant asset restructuring announced by two listed companies under China National Machinery Industry Corporation, specifically Su Mei Da's acquisition of a controlling stake in Blue Science High-tech despite Blue Science's ongoing losses [1][2]. Group 1: Acquisition Details - Su Mei Da signed a share transfer agreement to acquire 60 million shares of Blue Science High-tech, representing approximately 16.92% of its total share capital, increasing its ownership from 4.80% to 21.72% [1]. - The share transfer price is set at 6.71 CNY per share, totaling 402.6 million CNY, which is significantly higher than Blue Science's recent trading price [2][7]. - The acquisition is classified as a related party transaction since the seller, Guo Ji Asset Management, is a wholly-owned subsidiary of Su Mei Da's controlling shareholder, China National Machinery Group [2][7]. Group 2: Strategic Rationale - Su Mei Da aims to leverage Blue Science's established advantages in the special equipment engineering sector to enhance synergy with its engineering segment [2][3]. - The acquisition is expected to clarify market perceptions of Su Mei Da's business model, transitioning from a supply chain company to a more integrated industrial chain player, potentially leading to a higher valuation [2][3]. - Su Mei Da's management believes that the valuation of Blue Science's industry is higher than that of a typical supply chain company, which could positively impact Su Mei Da's market valuation post-acquisition [2][3]. Group 3: Financial Performance - Blue Science is projected to incur losses for four consecutive years, with estimated losses of approximately 17.4 million CNY in 2021, 18.4 million CNY in 2022, 14 million CNY in 2023, and around 8.76 million CNY in 2024 [2]. - In contrast, Su Mei Da has shown steady growth in profitability, with projected earnings of 1.148 billion CNY for 2024 [2][3]. Group 4: Future Prospects - Blue Science plans to acquire 100% of Shanghai Blue Asia Petrochemical Equipment Testing Co. and 51% of China Air Separation Engineering Co., which could enhance its operational capabilities and management quality [8][9]. - The acquisition of these assets is part of a broader internal restructuring within China National Machinery Group, indicating a strategic alignment of resources [8][9]. - There are uncertainties regarding the completion of these transactions due to existing pledges and legal issues surrounding the assets, which could impact the overall acquisition strategy [9].

Core Viewpoint - Cluster Group Holdings officially launched its listing in the U.S., marking a significant step towards entering the global capital market [1][9][80] Group 1: Event Overview - The listing announcement event took place on March 23 at the Hongqiao Jinjiang Hotel in Shanghai, attended by over 300 guests including leaders, experts, and media [1][3] - The event featured a lion dance performance symbolizing prosperity and success, with key figures from the company and financial sector participating in the ceremony [7][28] Group 2: Leadership Statements - Chairman Wang Zhihong emphasized the importance of team support and professional guidance from World Financial Holdings in achieving the U.S. listing, which opens new avenues for global strategy [9][22] - Yang Dao, Chairman of World Financial Holdings, highlighted the unique community O2O IoT service platform and innovative supply chain model of Cluster Group, which has garnered attention in the U.S. capital market [11][37] Group 3: Strategic Insights - Former Deputy Director of the Ministry of Commerce, Nie Linhai, praised Cluster Group's innovative model and strategic value, noting its growth story as a reflection of China's reform and market dynamics [13][16] - The company aims to leverage international market mechanisms to enhance its core competitiveness and expand its market share [31][80] Group 4: Future Plans - The event included discussions on future strategic planning, capital market operations, and financing paths post-listing, with insights shared by executives from World Financial Holdings [33][35] - Cluster Group plans to optimize its capital structure and deepen market expansion while enhancing its influence and core competitiveness in the community e-commerce sector [80] Group 5: Partnerships and Collaborations - The event attracted significant attention from capital institutions and partners, resulting in the signing of agreements with multiple authorized operating companies and supply chain enterprises [50][51] - The company is focused on building a symbiotic ecosystem through its two core segments: IoT services and supply chain management, aiming for a comprehensive service cycle [46][47]