Core Viewpoint - Yongda Co., Ltd. is initiating a significant acquisition to strengthen control over its core subsidiary, JinYuan Equipment, by acquiring an additional 49% stake, aiming to enhance its market position in the high-end equipment sector [1][3]. Group 1: Acquisition Details - Yongda plans to acquire 49% of JinYuan Equipment through a combination of issuing shares and cash payments, while also raising additional funds from specific investors [3]. - The acquisition will result in JinYuan Equipment becoming a wholly-owned subsidiary of Yongda, following a previous acquisition of 51% of the company for 612 million yuan [1][6]. - The deal includes a profit commitment from JinYuan Equipment, ensuring a cumulative net profit of no less than 330 million yuan from 2025 to 2028 [1][8]. Group 2: Financial Performance - JinYuan Equipment reported a net profit of 197 million yuan in the first nine months of 2025, surpassing the total net profit of 2023 and 2024 combined [2][9]. - Yongda's revenue increased significantly to 1.526 billion yuan in the first three quarters of 2025, a 256.86% year-on-year growth, with net profits also showing substantial improvement [8]. - The financial data indicates that JinYuan Equipment has a strong operational capacity, with total assets of 2.015 billion yuan and total liabilities of 706 million yuan as of September 2025 [10]. Group 3: Strategic Importance - The acquisition is part of Yongda's strategy to expand its product offerings from metal structural components to high-end forged products, enhancing its competitive edge in the market [5][10]. - By consolidating JinYuan Equipment under its full control, Yongda aims to improve decision-making efficiency and strengthen the strategic role of JinYuan in its overall business development [6][10].

Group 1 - The core point of the article is that Yongda Co., Ltd. is planning to acquire 100% control of Jiangsu Jinyuan High-end Equipment Co., Ltd. through a two-step acquisition process, enhancing its market position in the high-end equipment sector [1][2][3] Group 2 - Yongda Co., Ltd. intends to purchase the remaining 49% stake in Jinyuan Equipment at a price of 13.96 yuan per share, following an initial acquisition of 51% for 612 million yuan [2][4] - The acquisition will make Jinyuan Equipment a wholly-owned subsidiary of Yongda Co., Ltd., with a performance commitment to achieve a net profit of no less than 330 million yuan during the commitment period from 2025 to 2028 [2][3] - Jinyuan Equipment specializes in the research, production, and sales of high-speed heavy-duty gear forgings, which are essential components in various industries such as wind power and engineering machinery [3][5] - The acquisition is expected to enhance Yongda Co., Ltd.'s control and equity stake in Jinyuan Equipment, thereby improving its profitability and consolidating its leading position in the high-end metal structure and forging sector [3][6] - The previous attempts by Jinyuan Equipment to go public were unsuccessful, with three IPO applications withdrawn over the years [3][5]

Group 1 - The core point of the article is that Yongda Co., Ltd. plans to acquire a 49% stake in Jiangsu Jinyuan High-end Equipment Co., Ltd. from Ge Yanming through a combination of issuing shares and cash payment, which will make Jinyuan Equipment a wholly-owned subsidiary of Yongda [2] - Before the transaction, Yongda held a 51% stake in Jinyuan Equipment, and after the completion of the transaction, the company will increase its control and equity ratio in Jinyuan Equipment [2] - The company intends to raise funds from no more than 35 qualified investors, with the total amount not exceeding 100% of the transaction price for the asset acquisition, and the number of shares issued will not exceed 30% of the total share capital after the issuance [2] Group 2 - Jinyuan Equipment specializes in the research, production, and sales of high-speed heavy-duty gear forgings, with main products including high-speed heavy-duty gear forgings, gear shaft forgings, and gear ring forgings [2] - Yongda Co., Ltd. aims to enhance its profitability and consolidate its leading position in the field of large, irregular, high-end specialized equipment metal structures and forgings through this acquisition [2]

Group 1 - The company plans to acquire a 49.00% stake in Jinyuan Equipment from Mr. Ge Yanming through a combination of issuing shares and cash payment [1] - After the transaction, Jinyuan Equipment will become a wholly-owned subsidiary of the company, which currently holds a 51.00% stake [1] - The company intends to issue shares to no more than 35 qualified investors to raise funds, with the total amount not exceeding 100% of the asset purchase price [1] Group 2 - Jinyuan Equipment is a high-tech enterprise specializing in the R&D, production, and sales of high-speed heavy-duty gear forgings [1] - The main products include high-speed heavy-duty gear forgings, gear shaft forgings, and gear ring forgings, which are core components of gearboxes [1] - The products are widely used in industries such as wind power, construction machinery, rail transportation, and marine engineering [1]

Core Viewpoint - The company intends to acquire a 49.00% stake in Jinyuan Equipment from Mr. Ge Yanming through a combination of issuing shares and cash payment, which will result in Jinyuan Equipment becoming a wholly-owned subsidiary of the listed company [1] Group 1: Transaction Details - The company plans to raise funds by issuing shares to no more than 35 qualified investors, with the total amount not exceeding 100% of the transaction price for the asset acquisition [1] - The number of shares issued will not exceed 30% of the total share capital of the listed company after the acquisition [1] Group 2: Target Company Overview - Jinyuan Equipment is a high-tech enterprise specializing in the R&D, production, and sales of high-speed heavy-duty gear forgings, with capabilities in producing large, irregular, high-end, and large-scale metal forgings [1] - The main products include high-speed heavy-duty gear forgings, gear shaft forgings, and gear ring forgings, which are core components of gearboxes widely used in wind power, construction machinery, rail transportation, and marine engineering [1] - The target company holds a significant market influence in the field of high-speed gearbox forgings and possesses a leading market advantage [1] Group 3: Strategic Implications - This transaction will enhance the company's control and equity stake in Jinyuan Equipment, improving its sustainable profitability [1] - The acquisition will further solidify the company's leading position in the field of large, irregular, high-end specialized metal structural components and forgings, reinforcing its core competitiveness [1]

Core Viewpoint - The company plans to acquire a 49.00% stake in Jinyuan Equipment from Mr. Ge Yanming through a combination of issuing shares and cash payment, which will result in Jinyuan Equipment becoming a wholly-owned subsidiary of the listed company [1] Group 1: Transaction Details - The company intends to raise funds by issuing shares to no more than 35 qualified investors, with the total amount not exceeding 100% of the transaction price for the asset acquisition [1] - The number of shares issued will not exceed 30% of the total share capital of the listed company after the acquisition [1] Group 2: Target Company Overview - Jinyuan Equipment is a high-tech enterprise specializing in the R&D, production, and sales of high-speed heavy-duty gear forgings, with capabilities in producing large, irregular, high-end, and large-scale metal forgings [1] - The main products include high-speed heavy-duty gear forgings, gear shaft forgings, and gear ring forgings, which are core components of gearboxes widely used in wind power, construction machinery, rail transportation, and marine engineering [1] - The target company holds a strong market influence and competitive advantage in the field of high-speed gearbox forgings [1] Group 3: Strategic Implications - This transaction will enhance the company's control and equity stake in Jinyuan Equipment, improving its sustainable profitability [1] - The acquisition will further solidify the company's leading position in the field of large, irregular, high-end specialized equipment metal structural components and forgings, reinforcing its core competitiveness [1]

Core Viewpoint - The company, Yongda Co., Ltd., has reported significant changes in its financial data due to the acquisition of a 51% stake in Jiangsu Jinyuan High-end Equipment Co., Ltd., which is expected to enhance its product offerings and optimize management structure [5]. Financial Data Summary - The quarterly report confirms that the financial information is accurate and complete, with no false records or major omissions [2]. - The third-quarter financial report has not been audited [3][8]. - The company has not made any retrospective adjustments or restatements of previous accounting data [3]. Acquisition Impact - The acquisition of Jiangsu Jinyuan High-end Equipment Co., Ltd. is a strategic move to expand the company's metal forging product business, which includes high-speed heavy-duty gear forgings and related products [5]. - The acquisition is expected to improve the company's performance and management structure [5]. Board Meeting and Resolutions - The second board meeting of the company was held on October 27, 2025, with all directors present, and the meeting complied with legal regulations [9]. - The board approved the third-quarter report and the internal audit work summary for the third quarter, along with the plan for the fourth quarter [11][12].