Core Viewpoint - Guanghui Energy has divested its stake in Alloy Investment after three years, transferring 79,879,575 shares, representing 20.74% of Alloy Investment's total equity, to Jiuzhou Hengchang Logistics for a total price of 599 million yuan [1][2]. Group 1: Transaction Details - The share transfer was completed on June 30, with Jiuzhou Hengchang becoming the controlling shareholder of Alloy Investment [1]. - Following the transaction, Guanghui Energy no longer holds any shares in Alloy Investment [1]. - The transaction price of 599 million yuan reflects a strategic move by Guanghui Energy to focus on its core energy business and improve its competitive edge [4]. Group 2: Financial Performance - Guanghui Energy reported a significant decline in its financial performance, with a 40.72% year-on-year drop in revenue to 36.441 billion yuan and a 42.60% decrease in net profit to 2.961 billion yuan last year [5]. - The company also experienced a 16.64% decline in net cash flow from operating activities, amounting to 5.675 billion yuan [5]. - Alloy Investment's financials show total assets of 522 million yuan and total liabilities of 320 million yuan as of December 31, 2024, with a revenue of 277 million yuan and a net profit of 12 million yuan last year [4]. Group 3: Strategic Implications - The divestment is part of Guanghui Energy's long-term strategy to enhance its core business by shedding non-core assets [4]. - Jiuzhou Hengchang, a major player in the logistics sector, aims to integrate its operations with Alloy Investment to create synergies in the logistics industry [5].