Core Viewpoint - The acquisition of Zhejiang Tiger Waste Management Co., Ltd. by Dadi Ocean marks a significant step in enhancing the environmental protection industry chain and advancing the "waste-free city" initiative [2] Group 1: Acquisition and Business Expansion - Dadi Ocean has completed the equity transfer registration for Tiger, which is a key milestone in its strategic layout [2] - The acquisition allows Dadi Ocean to extend its business from industrial waste treatment to residential waste recycling, forming a complete "recycling-disassembly-utilization" industry chain [4] Group 2: Tiger's Business Model and Performance - Tiger has been engaged in waste recycling for 10 years, integrating internet, IoT, and big data technologies into its operations, creating a comprehensive waste recycling system [2] - In 2024, Tiger achieved a revenue of 466 million yuan and a net profit of 54.31 million yuan, demonstrating strong development capabilities and promising profitability [2] Group 3: Environmental Impact and Community Engagement - Tiger's household waste recycling service has covered 2 provinces, 5 cities, and 7 districts, recycling nearly 200,000 tons of household waste annually, resulting in a carbon reduction of 80,000 tons and a resource utilization rate exceeding 95% [2] - The company has conducted over 1,600 green public classes, engaging 137,000 students and promoting ecological civilization awareness in the community [3]

Core Viewpoint - Company Dadi Ocean (301068.SZ) is initiating a new acquisition plan to purchase 100% equity of Zhejiang Huguo Waste Management Co., Ltd. for 135 million yuan, marking a significant move to enhance its business in the waste recycling and resource utilization market [1][2][3] Group 1: Acquisition Details - The acquisition will be funded through the company's own or self-raised funds amounting to 135 million yuan, and upon completion, Zhejiang Huguo will become a wholly-owned subsidiary of Dadi Ocean [1][3] - This transaction is classified as a related party transaction, as the shareholders involved are actual controllers of Dadi Ocean [3][5] - The previous acquisition attempt in 2022 was unsuccessful, with the valuation of Zhejiang Huguo at that time being 910 million yuan, which has significantly decreased to 135 million yuan in the current transaction [6][5] Group 2: Financial Performance - In 2024, Zhejiang Huguo is projected to achieve a revenue of 466 million yuan and a net profit of 54.31 million yuan, while Dadi Ocean expects a net profit of 85.97 million yuan, reflecting a year-on-year growth of 54.99% [2][9] - The acquisition is expected to enhance Dadi Ocean's profitability and integrate its business resources, thereby improving its overall industry chain [8][9] - Dadi Ocean's revenue for 2024 is anticipated to be 947 million yuan, showing a slight increase of 0.99% year-on-year [9] Group 3: Strategic Importance - The acquisition allows Dadi Ocean to enter the rapidly growing residential waste recycling market, expanding its operational scope beyond industrial solid waste disposal [8] - This move is part of Dadi Ocean's strategy to build a "waste-free city" operational service framework, creating new profit growth points and facilitating brand synergy [8] - The integration of Zhejiang Huguo is seen as a crucial step in enhancing the company's long-term development strategy [8]