Group 1 - The company Tianshan Co., Ltd. (000877.SZ) announced the transfer of production capacity for one of its subsidiaries' cement clinker production lines to maximize the value of existing capacity [1] - The total capacity to be transferred is 4,200 tons per day, equivalent to 1.26 million tons [1] - The estimated transfer amount for the capacity is approximately 99.54 million yuan [1]

Group 1 - The company, Tianshan Co., Ltd. (000877.SZ), announced plans to transfer production capacity indicators of seven clinker production lines through public bidding to maximize the value of existing capacity [1] - The total capacity indicators to be transferred amount to 17,850 tons per day, equivalent to 5.355 million tons [1] - The total transfer amount is approximately 297.5265 million yuan [1]

Core Viewpoint - Tianshan Co., Ltd. is transferring its cement clinker production capacity indicators through a public listing to maximize the value of its existing capacity [1] Group 1: Company Actions - The company is transferring a total of 4,500 tons per day of cement clinker production capacity indicators, equivalent to 1.35 million tons, for a total transfer amount of 80.4 million yuan [1] - Gansu Qilianshan Cement Group Co., Ltd.'s subsidiary is the sole interested buyer and has registered to participate in the transfer, paying the required deposit [1] Group 2: Transaction Details - The transfer of capacity indicators is being conducted through a public listing process [1] - The buyer intends to acquire the capacity indicators at the listed base price [1]

Core Viewpoint - Tianshan Co. announced the public transfer of production capacity for 7 clinker production lines, totaling 17,850 t/d (equivalent to 5.355 million tons), with a transfer amount of approximately 297.5265 million yuan [1] Group 1 - The board of directors approved the proposal on December 12, 2025 [1] - The transaction does not constitute a major asset restructuring and does not require shareholder approval [1] - The final price will be determined based on the results of the public bidding process, and the counterparties are currently uncertain [1] Group 2 - There is uncertainty regarding the impact of the capacity transfer and whether the transaction can be completed [1]

Core Viewpoint - Tianshan Co. announced the public transfer of production capacity indicators for two clinker production lines, totaling 4,500 tons per day, equivalent to 1.35 million tons, for a price of 80.4 million yuan [1] Group 1 - The buyer of the production capacity indicators is a subsidiary of Gansu Qilian Mountain Cement Group [1] - The transaction is classified as a related party transaction due to the former executive Wang Luyan being the chairman of Qilian Mountain Cement [1] - The board of directors approved the transaction on December 12 [1] Group 2 - The expected impact on the current net profit is approximately 65.24 million yuan, accounting for 10.90% of the total [1] - From early 2025 to the disclosure date, the cumulative related party transactions between the company and Qilian Mountain Cement amount to approximately 810 million yuan [1]