Fosun Technology Plans to Transfer 51% Equity of Chengdu Dongsheng, Initial Listing Price 7,542.90 Million Yuan

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 19, Foshan Plastic Technology Co., Ltd. (000973) announced that the company plans to transfer a 51% stake in its controlling subsidiary, Chengdu Dongsheng Packaging Materials Co., Ltd., through a public listing on the Property Rights Exchange Center. The initial listing price is 75.429 million yuan, and the final transaction price and counterpart will be determined based on the results of the public listing.

As of October 31, 2025, Chengdu Dongsheng’s audited net assets were 101.6386 million yuan, with an assessed value of 147.7409 million yuan. This transaction is expected to impact the company’s current period profit and loss by approximately 20 million yuan. After the transaction is completed, Chengdu Dongsheng will no longer be included in the company’s consolidated financial statements.

According to Tianyancha data, Foshan Plastic Technology was established on June 28, 1988, with a registered capital of 967.423171 million yuan. The legal representative is Tang Qiang, and the registered address is No. 2, Building 7, Light Industry Third Road, Zhangcha Street, Chancheng District, Foshan City. Its main business involves the production and sales of various advanced high-polymer new materials.

Currently, the company’s chairman is Tang Qiang, the secretary of the board is He Shuixiu, with 2,512 employees. The actual controller is the People’s Government of Guangdong Province.

The company has 17 associated companies, including Foshan Sanshui Shuntong Polyester Chips Co., Ltd., Foshan Sanshui Changfeng Plastic Co., Ltd., Foshan Yishida Capacitor Materials Co., Ltd., Foshan Fuda Investment Co., Ltd., Foshan Laibaoli High-Energy Technology Co., Ltd., and others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 2.635 billion yuan, 2.215 billion yuan, and 2.228 billion yuan, respectively, with year-on-year growth of 7.24%, -15.96%, and 0.61%. The net profit attributable to the parent was 136 million yuan, 214 million yuan, and 120 million yuan, with year-on-year growth of 11.88%, 56.86%, and -44.08%. During the same period, the company’s asset-liability ratio was 28.15%, 25.10%, and 27.07%.

Regarding risks, Tianyancha data shows that the company has 286 internal Tianyan risks, 166 surrounding risks, 170 historical risks, and 298 warning alert risks.