Core Viewpoint - Bohai Chemical is planning to acquire control of Tianjin Taida New Materials Co., Ltd. by selling its 100% stake in Tianjin Bohai Petrochemical Co., Ltd. and through a combination of issuing shares and cash payment [1][4]. Group 1: Transaction Details - Bohai Chemical's stock has been suspended from trading since December 8, 2025, due to the planned major asset restructuring, which will not lead to a change in the actual controller and does not constitute a restructuring listing [3][4]. - The transaction is still in the planning stage, and no formal agreement has been signed yet, indicating uncertainty regarding its implementation [4]. Group 2: Company Performance - Bohai Chemical has been under long-term performance pressure, reporting losses since 2022. The company aims to transform its business model, and acquiring Taida New Materials may represent a significant step in this direction [5][6]. - The company’s total revenue for 2022 was 32.25 billion CNY, a decrease of 46.67% year-on-year, while total costs were 38.81 billion CNY, leading to an operating loss of 6.47 billion CNY [7]. - The net profit attributable to shareholders was -5.21 billion CNY in 2022, reflecting a year-on-year decline of 1,262.55% [7]. Group 3: Taida New Materials Overview - Taida New Materials specializes in the research, development, manufacturing, and sales of heavy aromatic oxidation products, with its main product being trimellitic anhydride (TMA), which has various applications in industries such as PVC resin plasticizers and epoxy resin curing agents [6][8]. - Taida New Materials has attempted to go public on the A-share market multiple times since 2016 but has faced repeated failures [8].

Core Viewpoint - Bohai Chemical is planning to acquire control of Tianjin Taida New Materials Co., Ltd. by selling its 100% stake in Tianjin Bohai Petrochemical Co., Ltd. and issuing shares along with cash payments [2][5]. Group 1: Transaction Details - Bohai Chemical announced that its stock will be suspended from trading starting December 8, 2025, due to the planned major asset restructuring, which will not lead to a change in the actual controller [4]. - The transaction is still in the planning stage, and no formal agreements have been signed yet, indicating uncertainty regarding its implementation [4]. Group 2: Company Performance - Bohai Chemical has been facing long-term performance pressure, with losses reported since 2022. The company aims to transform its business through the acquisition of Taida New Materials [5]. - The company’s main products include data cards, printed materials, and intelligent card application systems, while Bohai Petrochemical focuses on the production and sale of petrochemical raw materials like propylene [5]. Group 3: Financial Data - As of September 30, 2025, Bohai Chemical reported total revenue of 28.09 billion, a decrease of 16.82% year-on-year, and total costs of 33.90 billion, leading to an operating loss of 5.76 billion [6]. - The net profit for the same period was -5.79 billion, reflecting a year-on-year decline of 7.85% [6]. Group 4: Taida New Materials Overview - Taida New Materials specializes in the research, development, manufacturing, and sales of heavy aromatic oxidation products, with its main product being trimellitic anhydride (TMA), which has various applications in industries such as PVC resin plasticizers and epoxy resin curing agents [6][7]. - Taida New Materials has attempted to go public multiple times since 2016 but has not succeeded in its IPO efforts [7].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：中国基金报 记者 李智 【导读】渤海化学筹划购买泰达新材控制权，股票停牌 12月5日晚间，渤海化学发布公告称，公司正在筹划出售天津渤海石化有限公司（以下简称渤海石化） 100%股权，并通过发行股份及支付现金的方式购买安徽泰达新材料股份有限公司（以下简称泰达新 材）的控制权。 | | | 本次交易预计构成重大资产重组，不会导致实控人变更，不构成重组上市。 经申请，公司股票自12月8日开市起停牌，预计停牌时间不超过10个交易日。 渤海化学表示，截至目前，本次交易仍处于筹划阶段，交易各方尚未签署正式的交易协议，本次交易最 终能否实施存在不确定性。敬请广大投资者注意投资风险。 业绩长期承压 公开资料显示，渤海化学主要以数据卡、印刷品、智能卡应用系统及配套机具三大类产品为主业，是智 能卡产品相关系统集成与整体解决方案的提供商和服务商。 渤海石化的主营业务为丙烯等石化基础原料产品的生产与销售。出售渤海石化，意味着将上市公司核心 业务之一置出。但是在半年报中，渤海化学曾表示，要加快渤海石化丙烯酸酯和高吸水性树脂新材料项 目建设。 业绩方面，渤海 ...