Xizhuang Co., Ltd. Completes Industrial and Commercial Registration Changes for Acquisition of Suzhou Chuangkuo Equity and Capital Increase

Radar Finance | Yang Yang Edited by | Li Yihui

On March 19, Wuxi Chemical Equipment Co., Ltd. (Stock Code: 001332, Stock Abbreviation: Xizhuang Co., Ltd.) announced that the company jointly invested in Suzhou Chuangkuo Technology Co., Ltd. with individual Hao Linghua. The two parties combined old share transfers and capital increases, contributing a total of RMB 13.7142 million to acquire a 30% stake in the target company. Of this, RMB 3.8571 million was paid to original shareholder Chen Yu through share transfer, and RMB 9.8571 million was invested via capital increase.

Recently, Suzhou Chuangkuo has completed the relevant change registration procedures.

According to Tianyancha data, Xizhuang Co., Ltd. was established on March 1, 1990, with a registered capital of RMB 110.49 million. The legal representative is Cao Honghai, and the registered address is No. 36 Huayi Road, Binhu District, Wuxi. Its main business involves the research and development, design, manufacturing, sales, and related technical services of metal pressure vessels.

Currently, the company’s chairman is Cao Honghai, the secretary of the board is Xu Gaoshang, with 1,030 employees, and the actual controller is Cao Honghai.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was RMB 1.17 billion, RMB 1.248 billion, and RMB 1.534 billion, respectively, with year-on-year growth of 15.49%, 6.74%, and 22.85%. The net profit attributable to the parent was RMB 231 million, RMB 165 million, and RMB 255 million, with year-on-year growth of 0.53%, -28.41%, and 54.64%. During the same period, the company’s asset-liability ratio was 27.87%, 34.63%, and 30.36%.

Regarding risks, Tianyancha information shows the company has 2 internal Tianyan risks, 8 surrounding Tianyan risks, 25 historical Tianyan risks, and 42 early warning Tianyan risks.