Yuan Cheng Cable (002692.SZ) plans joint acquisition of Zhongfu Carbon Core equity to create a "materials + cables" industrial chain synergy.

Yuan Cheng Cable (002692.SZ) announced that the company plans to form a consortium with Jiangsu Lianyungang Port Lianxing Investment Fund Partnership (Limited Partnership) and use self-raised funds to acquire equity in Zhongfu Carbon Core Cable Technology Co., Ltd. ("Zhongfu Carbon Core") through a public listing transfer by cash. Among them, the company plans to contribute no more than RMB500 million to bid for no less than 40% equity of Zhongfu Carbon Core. After the transaction is completed, Zhongfu Carbon Core will be included in the company's consolidated financial statements. It is reported that Zhongfu Carbon Core is an important enterprise in China's pultruded carbon fiber composite materials field, mainly engaged in the R&D, production, and sales of composite pultruded plates, carbon fiber composite core conductors, various special conductors, and high-end pultruded composite products. Its products are widely used in power transmission, wind turbine blades, bridge construction, engineering machinery, and other fields. It has supplied mainstream wind turbine blade manufacturers or OEMs such as Sany Renewable Energy, Ming Yang Smart Energy, and Sinoma Science & Technology. Benefiting from the continued development of the wind power industry, it has good market prospects. Through this acquisition, the company will quickly enter the fields of pultruded composite materials and key wind power materials. While consolidating its core wire and cable business, it will expand its business boundaries, cultivate new profit growth points, and optimize its product structure. In addition, the target company's composite material technology platform has been expanded to application fields such as photovoltaic frames and new energy vehicle profiles, which can form a "materials + cables" industrial chain synergy with the company's business in new energy cables such as photovoltaic cables and energy storage cables, integrate both parties' customer resources and channel capabilities, and improve overall market development efficiency and comprehensive competitiveness.