"股权剥离+租赁续营"保障复合材料项目持续运营 公告表示，本次交易完成后，公司控股子公司博菲绿能将租赁博菲新能源持有的位于海宁市海昌街道隆兴路136号的相关场所， 继续运营光伏复合材料边框项目。这一安排确保了公司光伏项目的"无缝衔接"保障 —— 生产场地、设备布局等核心运营要素保 持稳定，避免了因项目迁移或重启导致的产能中断、客户流失等风险，对于光伏复合材料这类对生产工艺稳定性要求较高的业 务而言，场地与设备的持续使用，能有效维持产品质量一致性，保障了业务发展的连续性，巩固公司在该领域的市场竞争力。 更重要的是，"租赁运营"的轻资产模式为项目运作赋予了更高效率与灵活性。 此前，博菲新能源作为全资子公司，其土地、厂房等重资产一定程度上分散了公司对项目资源的投入力度。通过股权转让剥离 重资产，转为租赁运营后，博菲电气可将更多资金与精力聚焦复合材料的技术研发、产能爬坡与市场拓展等核心领域，减少重 资产运营带来的财务压力，提升整体运营效率。 公告中"基于公司轻资产发展战略和战略布局项目的可持续发展考虑"的表述，也印证了这一模式的核心目标。公司通过"股权剥 离+控股子公司租赁续营"的轻资产创新模式，实现项目运作的优化升 ...

Core Viewpoint - The announcement of the sale of 100% equity in Zhejiang Bofei New Energy Technology Co., Ltd. by Bofei Electric is a strategic move aimed at optimizing business operations and ensuring continuity in its photovoltaic composite materials project [2][4]. Group 1: Transaction Details - Bofei Electric sold its wholly-owned subsidiary for a transaction price of RMB 38,522,517.26 [2]. - The sale is not merely an asset disposal but a strategic layout for business continuity and optimization [2]. Group 2: Operational Continuity - After the transaction, Bofei Green Energy, a subsidiary, will lease the facilities from Bofei New Energy to continue operating the photovoltaic composite materials project, ensuring seamless production and stability [3]. - This arrangement helps avoid risks associated with project relocation or restart, maintaining production quality and operational continuity [3]. Group 3: Financial Impact - The transaction is expected to positively impact Bofei Electric's net profit for 2025, with the sale price significantly exceeding the audited equity of Bofei New Energy [5]. - The assessed value of the subsidiary's equity shows a substantial increase, with a growth rate of 103.32%, which will contribute to the company's investment income and enhance annual net profit [5][6]. Group 4: Financial Structure Improvement - Post-transaction, the overall asset-liability ratio of Bofei Electric is expected to decrease, alleviating financial leverage pressure [7]. - The high liabilities of Bofei New Energy will be removed from the consolidated financial statements, leading to a dual financial improvement of reduced liabilities and increased cash flow [7].