Core Viewpoint - Suzhou Planning (301505.SZ) is undergoing a strategic transformation through a restructuring plan to acquire 100% of Beijing Dongjin Aviation Technology Co., Ltd. (Dongjin Aviation), aiming to expand into the low-altitude economy sector [1][2] Group 1: Restructuring Details - The acquisition will be financed through a combination of issuing shares and cash payments, along with raising additional funds from no more than 35 specific investors [2] - Dongjin Aviation has been experiencing continuous losses and has a high debt ratio, with a total net loss of 66.68 million yuan from 2023 to the first quarter of 2025 [1][5] - As of March 2025, Dongjin Aviation's total assets were 84.41 million yuan, with a debt ratio of 78.49% [6] Group 2: Financial Performance - Suzhou Planning has faced significant performance pressure, with net profits declining for two consecutive years since its IPO in July 2023 [7] - In 2023 and 2024, Suzhou Planning reported revenues of 391 million yuan and 308 million yuan, representing year-on-year declines of 3.35% and 21.24% respectively [7] - The company’s net profit for 2024 was 29.06 million yuan, down 62.77% from the previous year [7] Group 3: Strategic Goals - The restructuring is intended to create synergies between Suzhou Planning's traditional urban planning services and Dongjin Aviation's low-altitude airspace planning, aiming for a new paradigm in urban planning [3] - The goal is to transition from traditional technical services to an integrated information platform service that encompasses both land and air [3] - This strategic shift is seen as essential for enhancing the company's core competitiveness and addressing the challenges posed by slow project progress and declining revenues [8]