Group 1 - The core point of the article is that Luzhou Tianhua plans to acquire 100% equity of Luzhou Hongsheng Chemical Park Operation Service Co., Ltd. from its affiliate, Jin Tianhong Company, to expedite the construction of a green fine chemical project [1] - The green fine chemical project has an annual capacity of 100,000 tons and is located in the western area of the Luzhou Tianhua Chemical Park, covering approximately 325 acres [1] - The estimated price for the acquisition of relevant equipment and facilities is 79.7251 million yuan, with a subsequent payment of approximately 270 million yuan for the remaining 40% of the transfer fee [1] Group 2 - Luzhou Tianhua plans to utilize the land of Luzhou Hongsheng to develop green fine chemical industries, new fertilizer industries, and establish research and development experimental bases [2] - The company aims to create a combination effect of research, experimentation, and production to form new profit growth points [2] - This strategy will support the establishment of an industrial cycle involving new efficient fertilizers, crop planting processing, fine chemical product production, potassium mining, and new efficient fertilizers [2]

Core Viewpoint - Luzhou Tianhua plans to acquire 100% equity of Luzhou Hongsheng Chemical Park Operation Service Co., Ltd. from its affiliate, Luzhou Jintianhong Development Co., Ltd., to secure land assets for the implementation of chemical projects [1][2]. Group 1: Acquisition Details - The acquisition aims to obtain land assets to facilitate both short-term and long-term chemical projects [1]. - Luzhou Hongsheng was established in November 2022 with a registered capital of 360 million yuan, focusing on park management services, heat production and supply, and wastewater treatment [1]. - As of the end of 2024, Luzhou Hongsheng's total assets are valued at 336 million yuan, with net assets of 335.8 million yuan, and the assessed value of shareholders' equity is 676 million yuan, reflecting a 101.29% appreciation [1]. Group 2: Financial Aspects - Luzhou Jintianhong will acquire related equipment for a boiler and coal supply system, estimated at 79.7251 million yuan, which will be paid before the remaining 40% transfer payment of 270 million yuan is made by Luzhou Tianhua [2]. - The 10,000-ton/year green fine chemical project is located within the Luzhou Tianhua Chemical Park, covering approximately 325 acres, and aims to expedite project construction and reduce initial investment [2]. - The project is expected to yield a post-tax internal rate of return of 9.41%, with average annual sales revenue of 999.3 million yuan and average annual profit of 104 million yuan [2]. Group 3: Future Development Plans - Luzhou Tianhua plans to utilize Luzhou Hongsheng's land for developing green fine chemical and new fertilizer industries, as well as establishing a research and development base [3]. - The strategy aims to create a synergistic effect by integrating research, experimentation, and production, thereby establishing new profit growth points [3]. - This initiative supports a resource foundation for a cyclical industry model involving new efficient fertilizers, crop processing, fine chemical production, potassium mining, and new efficient fertilizers [3].