Core Viewpoint - Bohai Chemical is actively seeking to resolve its financial difficulties through a significant asset restructuring, which includes selling its core asset Bohai Petrochemical to its controlling shareholder and acquiring control of Anhui Taida New Materials [1][2][6] Group 1: Asset Restructuring - Bohai Chemical plans to sell 100% of Bohai Petrochemical to its controlling shareholder, Tianjin Bohai Chemical Group [2] - The sale of Bohai Petrochemical, which has been a financial burden due to continuous losses, is expected to alleviate the company's performance pressure [6] - Bohai Petrochemical has been a core subsidiary since its acquisition in 2020, but has faced significant losses due to market challenges [1][4] Group 2: Financial Performance - Bohai Chemical's revenue and net profit have significantly declined since 2022, with revenues of 60.48 billion, 32.25 billion, and 47.84 billion from 2022 to 2024, and net losses increasing to -6.32 billion in 2024 [4][5] - In the first three quarters of 2025, the company reported revenues of 28.09 billion, a 16.82% decrease year-on-year, and a net loss of -5.79 billion, a 7.85% decline [4][5] Group 3: Acquisition of Taida New Materials - Bohai Chemical intends to acquire control of Anhui Taida New Materials through a combination of issuing shares and cash payments [8] - Taida New Materials has shown strong profitability, with projected earnings exceeding 300 million in the first three quarters of 2025, representing a 179% year-on-year increase [1][12] - The company specializes in fine chemicals and has a competitive edge in the production of specific chemical products, positioning it as a valuable asset for Bohai Chemical's strategic shift [9][10]