On November 29, Jiaze Xinneng announced that it planned to transfer 100% equity of its wholly-owned subsidiary Ningxia Shunbo New Energy Co., Ltd. (Hereinafter referred to as Ningxia Shunbo) to Shanghai Xirong New Energy Co., Ltd. (Hereinafter referred to as Shanghai Xirong) at a price of 102 million yuan.
As of July 31, 2023, the appraised value of the net assets of Ningxia Shunbo is RMB 105.2 million, and with reference to the book value of the net assets, after negotiation by both parties, the price of this equity transfer is determined to be RMB 102 million, which is RMB 11.4105 million higher than book value of the net assets of RMB 90.5895 million, with an appreciation rate of 12.60%.
At present, Ningxia Shunbo's business scope includes the development of new energy power stations (including solar energy, wind energy, biological energy) and smart micro-grid. After the completion of the transaction, it is expected to increase the company's pre-tax profit by about 11 million yuan in 2023.
Jiaze Xinneng said that the main purpose of this transfer is to optimize the asset structure, revitalize the stock assets and meet the future capital needs, which is in line with the company's development strategy and overall interests.