Group 1 - The core viewpoint of the article is that *ST Haihua (600243.SH) plans to acquire 100% equity of Lvxin Dingsheng to enhance its profitability and provide new growth points for future performance [1] - The acquisition is based on the valuation of Lvxin Dingsheng's total equity at RMB 43.014 million as of May 31, 2025, with the controlling subsidiary Mangyiyuanxin set to pay RMB 43 million in cash for the acquisition [1] Group 2 - Lvxin Dingsheng is strategically located in the Bayingolin Mongol Autonomous Prefecture, Xinjiang, at a key intersection of national and provincial highways, which enhances its market potential [2] - The project includes a comprehensive service station for fuel and gas (CNG and LNG), along with accommodation, dining, and vehicle maintenance services, indicating a diversified revenue stream [2] - Since its operation began in June 2024, the performance of Lvxin Dingsheng has shown steady improvement, reflecting significant market development potential [2]

Core Viewpoint - *ST Haihua (600243.SH) is set to acquire 100% equity of Lvxin Dingsheng for RMB 43 million, leveraging the favorable development prospects of the natural gas industry and the geographical advantages of the company’s location [1] Company Summary - The acquisition involves the subsidiary Mangyiyuanxin, which will sign a purchase agreement with Xu Haibo, Xu Yaoyao, and Lvxin Dingsheng [1] - The total equity value of Lvxin Dingsheng is assessed at RMB 43.014 million as of May 31, 2025 [1] Industry Summary - Lvxin Dingsheng is strategically located in the Bayin'guoleng Mongol Autonomous Prefecture, Xinjiang, at a key intersection of national and provincial highways, enhancing its operational advantages [1] - The project is a comprehensive service station that integrates fuel and gas supply (CNG and LNG), along with accommodation, dining, and vehicle maintenance services [1] - Since its operation began in June 2024, the project has shown steady performance improvement, indicating significant market development potential [1]