评估增值50亿元！华峰化学计划大手笔收购控股股东旗下两公司

Core Viewpoint - Huafeng Chemical announced a related acquisition plan totaling 6 billion yuan to acquire 100% equity of Zhejiang Huafeng Synthetic Resin Co., Ltd. and Zhejiang Huafeng Thermoplastic Polyurethane Co., Ltd. [1][2] Group 1: Acquisition Details - The acquisition involves issuing shares and cash payments to Huafeng Group, the controlling shareholder, and related parties [2] - The total estimated value of the two target companies is approximately 50 billion yuan above their book value [1][4] Group 2: Financial Performance of Target Companies - As of the end of 2024, Huafeng Synthetic Resin is expected to have total equity of approximately 666 million yuan, with projected revenue of about 3.23 billion yuan and net profit of around 340 million yuan [2] - Huafeng Thermoplastic is expected to have total equity of approximately 340 million yuan, with projected revenue of about 3.18 billion yuan and net profit of around 160 million yuan [2] Group 3: Profit Commitment and Valuation - If the acquisition is completed by 2025, the parties commit to a combined net profit of no less than 967 million yuan for Huafeng Synthetic Resin and 604 million yuan for Huafeng Thermoplastic from 2025 to 2027 [3] - The valuation of Huafeng Synthetic Resin is approximately 4.04 billion yuan, while Huafeng Thermoplastic is valued at approximately 1.96 billion yuan, reflecting significant increases in value [6] Group 4: Valuation Methodology - The valuation for Huafeng Synthetic Resin was conducted using both asset-based and income approaches, with the income approach being selected for the final valuation [6] - The valuation for Huafeng Thermoplastic also utilized both methods, ultimately selecting the income approach for the final assessment [6]