Core Viewpoint - Su Keng Agricultural Development plans to acquire 23 million shares of Jin Tai Yang Grain and Oil Co., representing 28.75% of its total shares, for an investment of 178 million yuan at a price of 7.72 yuan per share, aiming to enhance resource allocation and operational efficiency [1][2]. Group 1: Company Overview - Jin Tai Yang Grain and Oil Co. was established in 1996 and transformed into a joint-stock company in 2015, later listed on the New Third Board in 2016 [2]. - Prior to this transaction, Su Keng Agricultural Development held 51.25% of Jin Tai Yang's shares, and after the acquisition, its stake will increase to 80% [2][3]. Group 2: Financial Performance - In 2023, Jin Tai Yang reported revenue of 2.508 billion yuan, a decrease of 23.72% from 2022, with net profit dropping by 92.79% [4]. - In 2024, while revenue continued to decline by 9%, net profit saw a significant increase of 787.27% [4]. Group 3: Market Conditions - The edible oil market has shown signs of recovery, although the industry remains highly competitive, with Jin Tai Yang facing challenges in scale and brand recognition compared to larger competitors [4][5]. - Su Keng Agricultural Development noted that fluctuations in raw material prices significantly impacted Jin Tai Yang's performance in 2023, but market conditions have improved in 2024, despite ongoing uncertainties [5].