Economic Herald reporter Duan Haitao Shantui shares announcement on the evening of November 11，Intends to pay cash to purchase Linyi Shanzhong Construction Machinery Co., Ltd.（Hereinafter“Mountain heavy engineering”）Holdings of Mountain Construction Machinery Co., Ltd.（Hereinafter“Mountain reconstruction machine”）100%Equity，The transaction price is the 184113..270000 yuan。After the completion of this transaction，Mountain Reconstruction Machine will become a wholly-owned subsidiary of Shantui Co., Ltd.。
According to disclosure，Mountain Reconstruction Machine was founded in March 1999.，The registered capital is 75559.710,000 yuan，Legal representative: Li Shizhen，The company is located in Linyi Economic and Technological Development Zone.，Its main business is Excavator research and development.、Production and sales。So far，Mountain Reconstruction Machine has two wholly owned subsidiaries.，Linyi Shanzhong Excavator Co., Ltd.（Hereinafter“Linyi Mountain is heavy”）And the mountain reconstruction machine（Jining）Limited company（Hereinafter“Jining Mountain is heavy”），Among，Linyi Shanzhong was founded in May 2016.，The registered capital is 148098.200,000 yuan，Jining Shanzhong was founded in April 2010.，The registered capital is 200 million yuan.。
According to introduction，Mountain reconstruction machine is a research and development set.、Production、A professional manufacturer of hydraulic Excavators with integrated sales，It is a competitive and influential construction machinery enterprise in China.，It has a production capacity of 20,000 excavators.，Form 1.2 tons-125-ton excavator complete machine product sequence，Design of electronic control system、Shock absorption and noise reduction、High efficiency, energy saving and other technologies are at the leading level in the industry.。
According to China Construction Machinery Industry Association，Mountain Reconstruction Machine January 2024-In September, its market share in the excavator market was 4.03%，It is one of the major excavator manufacturers in China.。
Financial data show that，As at 31 December 2023，The total assets in the consolidated statement of Shandong Reconstruction Machinery Co., Ltd. is 23..8.3 billion yuan，Total liabilities of 17.2.1 billion yuan，Equity attributable to owners of the parent company is 6.6.2 billion yuan；2023，Mountain reconstruction machine to achieve operating income 24..0.9 billion yuan，Net profit attributable to parent company 4322.900,000 yuan，Net cash flow from operating activities was 1..4 billion yuan。
The first three quarters of 2024，Mountain Reconstruction Machine Operating Data Continues to Rise，From January to September, the total operating income was 24..2.6 billion yuan，Net profit attributable to parent company 750 5.500,000 yuan；Total assets as of September 30, 2024 were 30 percent.2.5 billion yuan，Total liabilities 22.8.6 billion yuan，Owners' equity attributable to shareholders of the parent company 7.3.9 billion yuan。
The evaluation report shows，The book value of the net assets of the parent company of Shandong Reconstruction Machinery Co., Ltd. on the benchmark date of December 31, 2023 is 80157..450000 yuan，The appraised value by the income approach is the 184113..270000 yuan，Evaluate value-added 103955.820,000 yuan，Value-added rate 129.69%。
The reporter noticed，The cash flow adopted in the appraisal results of the income approach，The net profit of the corresponding mountain reconstruction machine from 2024 to 2026 is 8621.310,000 yuan、12590.500,000 yuan、16740.890,000 yuan，The accumulated net profit is the 37952..710,000 yuan。Shanzhong Engineering has made a performance commitment to the above net profit.，If the accumulated net profit realized by the mountain reconstruction machine in the performance commitment period does not reach the promised net profit，Or at the end of the period, the mountain reconstruction machine is impaired.，Shanzhong Engineering promises to compensate the listed company in cash or repurchase the shares of Shanzhong Reconstruction Machinery held by the listed company.，Shandong Heavy Industry Group provides full financial support for mountain heavy engineering to fulfill its obligations。Shantui shares said，Under the background of encouraging listed companies to strengthen industrial integration through mergers and acquisitions.，This transaction can improve the company's industrial layout in the field of construction machinery.，Expand the excavator business segment，Play a synergistic role，Create a new economic growth point，Enhance the comprehensive competitiveness of the company，Further expand industry influence，Reduce related party transactions at the same time，Enhance the company's independence。
According to introduction，China's construction machinery market is mainly composed of excavators,、Crane、Road Roller、Four types of common mechanical components of Bulldozer，Excavators account for the largest proportion of sales in the construction machinery category.，It is the representative of the construction machinery industry.。Prior to this transaction，Shantui's main products include Bulldozers.、Road Roller、Motor Grader、Paver、Milling Machine、Concrete Machinery、Loader and other main engine products and core components。Through this equity acquisition，Mountain Reconstruction Machine became a wholly-owned subsidiary of Shantui Co., Ltd.，Shantui has further expanded its excavator business in the field of construction machinery.，It is conducive to optimizing the product structure.，Improve the industrial layout。
