Shenzhen Guangju Energy (000096.SZ) plans to acquire 100% equity of Aerospace Ouhua to seek a second growth curve.

Shenzhen Guangju Energy(000096.SZ) announced that the company plans to use its own funds to cash purchase 100% equity of Shenzhen Aerospace Industry Technology Research Institute Co., Ltd. (hereinafter referred to as "Aerospace Institute" or "Counterparty") in a public delisting manner. Aerospace Europa, currently one of the national distributors of ZTE Corporation's government-enterprise product distribution business, operates upstream with ZTE Corporation, selling products to downstream channel partners (agents) and industry customers and providing value-added distribution services such as warehousing logistics, technical support, channel expansion, and comprehensive services. In addition, Aerospace Europa also engages in smart + business, systems integration business, and other businesses. Since starting the distribution business of ZTE Corporation's government-enterprise product line, Aerospace Europa has signed channel cooperation agreements with ZTE Corporation for multiple years and maintained a good cooperative relationship. This acquisition will cease operations or fully divest Aerospace Europa's smart +, systems integration, and other businesses, and continue to operate the ZTE Corporation government-enterprise product distribution business, which has a relatively stable profit. The company's current main business is wholesale and retail of refined oil, storage, trading of chemical products, land and property leasing, all of which belong to traditional industries, with some trade businesses facing the reality of low revenue and profits. The gross profit margin of Aerospace Europa's government-enterprise business in 2022, 2023, and 2024 is 3.18%, 3.2%, 6.55%, higher than the gross profit margin of the company's current operation of general chemical product trading, providing potential new profit growth points for the company. The company has accumulated years of experience in trade business management and has been exploring new ideas in recent years, strengthening standardized business operations, and promoting the transformation and upgrading of trade business. To implement the company's strategy, seize market opportunities, and capitalize on its own situation and resource endowment, the company plans to enhance the quality of its business through mergers and acquisitions that are in line with the company's growth and development, seeking a second growth curve.