Group 1 - Zhaoxin Co., Ltd. plans to acquire 70% equity of Youde New Energy Technology (Ningbo) Co., Ltd. for a maximum price of 220 million yuan, aiming to enhance its new energy business segment [1][2] - The acquisition is based on a dynamic price-to-earnings ratio not exceeding 12 times the target company's projected net profit over the next three years [1] - Youde New Energy, established in December 2016, is a leading third-party new energy asset operation and management service provider in China, with over 2,000 operational power stations and a cumulative capacity exceeding 10 GW [2] Group 2 - The acquisition will strengthen Zhaoxin's strategic deployment in the new energy sector, transitioning from a single "power station asset operator" to a comprehensive smart energy service provider integrating "assets + data + services" [2] - Zhaoxin aims to achieve an operational scale target of 10 GW in this niche sector by leveraging Youde's approximately 5 GW operational experience [2] - The company reported a revenue of 208 million yuan in the first half of 2025, with equal contributions from its fine chemicals and new energy segments [3]

Core Viewpoint - The company Zhaoxin Co., Ltd. plans to acquire 70% equity of Youde New Energy Technology (Ningbo) Co., Ltd. for a maximum transaction price of 220 million yuan, enhancing its capabilities in the new energy sector [1]. Group 1: Acquisition Details - The acquisition will be conducted entirely in cash, with the maximum price for the 70% equity set at 220 million yuan [1]. - This transaction does not constitute a related party transaction and is not expected to be classified as a major asset restructuring [1]. Group 2: Company Background - Youde New Energy is one of the first third-party new energy asset operation management service providers in China and has been a key player in the photovoltaic power station operation and maintenance national standards drafting [1]. - The company has over 8 years of experience in the new energy operation and maintenance field and is recognized as a leading enterprise in this niche market [1]. Group 3: Strategic Implications - The acquisition is expected to enhance the company's strategic deployment and operational capabilities in the new energy sector, broadening its business development space within this industry [1].