Construction Machinery plunges after resuming trading, shares fall 5.67% following restructuring plan disclosure

Corporate Action
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Summary · why it matters

Construction Machinery resumed trading on August 26 with an opening limit-up, then staged a sharp intraday reversal, at one point falling nearly to the daily limit-down. It ultimately closed down 5.67 percent at 4.66 yuan per share, with its market value shrinking to 5.858 billion yuan. Earlier, on the evening of August 24, the company released a restructuring plan under which it intends to acquire 100 percent equity in Pucheng Clean Energy Chemical Company through a combination of share issuance and cash payment, while also raising supporting funds. After the transaction, the company will form a dual-core business structure of equipment manufacturing plus modern coal chemicals. Due to a sluggish main business and delisting risk, the company has posted losses for four and a half consecutive years, with cumulative losses of about 4.475 billion yuan. Pucheng Clean Energy Chemical, the asset being injected, is a high-quality coal chemical asset under Shaanxi Coal Group. In the first half of 2026, it achieved revenue of 4.37 billion yuan and net profit attributable to the parent of 302 million yuan. The transaction constitutes a related-party transaction and is expected to constitute a major asset restructuring, but it will not result in a change of actual controller.

Impact on stocks 1

Others · 1 stocks

Off-coverage companies 3

蒲城清洁能源化工有限责任公司 (Pucheng Clean Energy Chemical Co., Ltd.)Private▲ Positive
Capitalrelevance

Pucheng Clean Energy Chemical is the asset being acquired, with strong revenue and profit, expected to form dual-core business.

蒲洁能化Private▲ Positive
Capitalrelevance

Pucheng Clean Energy Chemical (蒲洁能化) is the target asset, showing profitability and growth.

陕西煤业化工集团有限责任公司Private± Mixed
Capitalrelevance

Shaanxi Coal Group is the parent of the injected asset, related-party transaction, but no direct impact on its own stock.