Core Viewpoint - The article discusses the acquisition of a 51% stake in Shanghai Zijiang New Materials Technology Co., Ltd. by *ST Weitai Industrial Automation Co., Ltd. for 546 million yuan, marking a significant asset restructuring and related party transaction [1][2]. Group 1: Transaction Details - The acquisition will make Zijiang New Materials a subsidiary of *ST Weitai [2]. - The controlling shareholders of both *ST Weitai and Zijiang New Materials are the same, indicating a related party transaction [20]. - The transaction is perceived as a way for the controlling shareholder to transfer assets that failed to go public multiple times to another listed platform [3][21]. Group 2: Company Background - Zijiang New Materials specializes in the research, production, and sales of aluminum-plastic films for lithium batteries, with established relationships with major battery manufacturers like CATL and BYD [7]. - In 2021, Zijiang New Materials generated 115.77 million yuan in sales from BYD, accounting for 31.59% of its revenue [7]. - Prior to the transaction, Zijiang New Materials was a subsidiary of Zijiang Enterprise, which held 58.94% of its shares [8]. Group 3: Financial Performance - Zijiang New Materials reported revenues of 711.39 million yuan, 623.42 million yuan, and 155.35 million yuan for 2023, 2024, and Q1 2025, respectively, with net profits of 90.24 million yuan, 53.51 million yuan, and 10.12 million yuan [11]. - The company is expected to face a 40.7% decline in net profit in 2024 [11]. - The transaction includes performance commitments for net profits of at least 65.5 million yuan, 78.5 million yuan, and 95.8 million yuan for 2025 to 2027 [12]. Group 4: IPO Attempts and Challenges - Zijiang New Materials has attempted to go public multiple times but has faced repeated failures, including a withdrawal of its application to list on the ChiNext board in late 2023 [15][17]. - The company was eventually listed on the New Third Board in July 2024 after unsuccessful attempts at IPOs on other platforms [18]. Group 5: Market Reactions and Future Outlook - Following the announcement of the acquisition, *ST Weitai's stock price hit the daily limit, closing at 13.89 yuan [4]. - The transaction is seen as a strategic move for *ST Weitai to enter the growing lithium battery materials sector, potentially enhancing its business portfolio [21].

Core Viewpoint - *ST威尔 is undergoing a significant asset restructuring, aiming to acquire a controlling stake in ZhiJiang New Materials, which is crucial for its future development in the lithium battery materials industry [3][4]. Group 1: Asset Acquisition Details - On July 15, *ST威尔 disclosed a draft report for a major asset purchase, planning to acquire 51% of ZhiJiang New Materials through cash payments totaling 5.46 billion yuan [3][5]. - The acquisition involves purchasing 30,298,300 shares from multiple stakeholders, including ZhiJiang Enterprises and Ningde New Energy [3]. - ZhiJiang New Materials specializes in the research, production, and sales of aluminum-plastic films for soft-pack lithium batteries, and has established stable partnerships with major battery manufacturers [4]. Group 2: Financial Implications - The transaction is expected to significantly increase *ST威尔's asset and liability scales, improving its profitability and operational sustainability [5]. - The performance commitments from the transaction counterparties include net profits of no less than 65.5 million yuan, 78.5 million yuan, and 95.8 million yuan for the years 2025 to 2027, respectively [5]. - The overall valuation of ZhiJiang New Materials' total equity is assessed at 1.07 billion yuan, indicating a strategic investment for *ST威尔 [3][5]. Group 3: Current Company Status - *ST威尔 is currently facing operational challenges, with negative values in audited profit totals and net profits for the fiscal year 2024, leading to a risk warning for delisting starting April 30, 2025 [3][5]. - The company aims to leverage the acquisition to enhance its market position and financial health in the competitive lithium battery materials sector [4].

Group 1 - The company *ST威尔 plans to acquire 30,298,300 shares of Shanghai Zijiang New Materials Technology Co., Ltd., representing 51.00% of its total share capital, for a cash payment of 546 million yuan [1] - Upon completion of the transaction, *ST威尔 will become the controlling shareholder of Zijiang New Materials [1] - Zijiang New Materials specializes in the research, production, and sales of aluminum-plastic films for soft-pack lithium batteries, operating within the manufacturing industry [1]