Huayi Group asset swap details emerge: Guangxi Energy Chemical 51% stake valued at 4.6 billion yuan

Corporate Action
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Summary · why it matters

Huayi Group has officially announced an asset swap plan, using its 100% stake in Shanghai Energy Chemical valued at 4.74 billion yuan in exchange for a 51% stake in Guangxi Energy Chemical held by its controlling shareholder Shanghai Huayi, valued at 4.621 billion yuan. The 119 million yuan difference will be paid in cash by Shanghai Huayi. Guangxi Energy Chemical achieved a net profit of 570 million yuan in 2025, while the divested Shanghai Energy Chemical posted a simulated net loss of 307 million yuan in 2025 due to the permanent shutdown of its Wujing production base. The transaction aims to fulfill the controlling shareholder's 2017 commitment to inject the Guangxi Energy Chemical stake into the listed company and resolve horizontal competition issues, with plans to acquire the remaining 49% stake in Guangxi Energy Chemical at an appropriate time. The proposal still requires approval from the company's shareholders' meeting.

Impact on stocks 1

Others · 1 stocks
Shanghai Huayi Group Corp Ltd A
600623
▲ PositiveCapitalrelevance

Asset swap with controlling shareholder injects profitable Guangxi Energy Chemical stake, fulfilling commitment and resolving competition.

Off-coverage companies 3

广西华谊能源化工有限公司Private▲ Positive
Capitalrelevance

Company's 51% stake valued at 4.6 billion yuan in asset swap, with net profit of 570 million yuan in 2025.

上海华谊能源化工有限公司Private▼ Negative
Capitalrelevance

Divested company posted simulated net loss of 307 million yuan in 2025 due to permanent shutdown of Wujing base.

上海华谊控股集团有限公司Private▲ Positive
Capitalrelevance

Controlling shareholder fulfills 2017 commitment by injecting Guangxi Energy Chemical stake, receiving cash difference.