DCHL plans to acquire 60% equity of San Aifu for 4.091 billion yuan to achieve business expansion in fluorinated polymers and other areas

According to the announcement from DCHL (600623.SH), the company plans to acquire 60% of the equity of Shanghai Huayi San Aifu New Materials Co., Ltd. (referred to as "San Aifu" or "target company") held by Shanghai Huayi Holding Group Co., Ltd. (referred to as "Shanghai Huayi" or "transferor") in cash. The transaction price is based on the assessed value of San Aifu's total equity as of the assessment benchmark date of December 31, 2024, which is valued at 6.819 billion yuan. After friendly negotiations among the parties involved, the transaction price for the 60% equity of San Aifu is set at 4.091 billion yuan (subject to the final assessed value confirmed by the relevant state-owned assets authority or its authorized unit). This acquisition is a strategic move by DCHL to focus on the four emerging fields of "new energy, new materials, new environmental protection, and new biotechnology." San Aifu, as a company with deep expertise in the fluorochemical field, has established a complete organic fluorochemical product chain, with a comprehensive R&D system and mature technology and production processes. Some of its main products even rank among the top in market share within the industry. This acquisition will enable the company to expand its business in the fields of fluoropolymer, fluorochemical products, and fluorine-containing fine chemicals, further enhancing its layout in advanced materials and fine chemicals. This not only helps to form a dual-driven fine chemical product pattern of acrylic and fluorochemical products but also achieves a moderate diversification of the main business of the listed company. Furthermore, by integrating San Aifu's technological advantages in the fluorochemical field, the company will better serve emerging application areas such as lithium batteries and aerospace, providing strong support for the development of high-tech industries like new energy, new materials, and integrated circuits. This move will not only effectively enhance DCHL's competitiveness in these emerging markets but also assist the company in transforming from a traditional chemical enterprise to a high-end manufacturing and high-tech enterprise, promoting the optimization and upgrading of its overall business structure. In the long run, this will bring more robust growth momentum to DCHL and lay a solid foundation for its continued development in the global market