Huayi Group Plans to Acquire 60% of The Shares of Sanai Fu
2025-5-9
Recently, Shanghai Huayi Holding Group Co., Ltd. announced that it intends to acquire 60% of the equity of Shanghai Huayi Sanai Fu New Materials Co., Ltd. in cash, with the transaction price being 4.091 billion yuan.
According to the announcement, this acquisition can enrich the product matrix of Huayi Group¡äs fine chemical business. Huayi Group¡äs original business mainly focuses on coal chemical products such as methanol and acetic acid, as well as basic chemicals, and has laid out a fine chemical business mainly based on coatings and resins. Sanai Fu, on the other hand, focuses on fluorine chemical products with high added value, such as fluoropolymers, fine fluorine chemicals, and the fourth-generation refrigerants.
The announcement states that the acquisition can facilitate the upstream and downstream linkage of Huayi Group¡äs industrial chain. Sanai Fu¡äs fluorine chemical products are widely used in fields such as coatings, pharmaceuticals, and pesticides, and can form a good synergy and complementary relationship with the terminal markets of Huayi Group¡äs existing business. For example, the methanol of Huayi Group can serve as a raw material for the synthesis of fluorine products, and the PVDF of Sanai Fu, as a raw material for coatings, can also help drive the growth of Huayi Group¡äs coating business.
In addition, Sanai Fu has good profitability. In 2023 and 2024, it achieved operating revenues of 5.29 billion yuan and 4.619 billion yuan respectively, and net profits attributable to the parent company of 344 million yuan and 253 million yuan. The acquisition of Sanai Fu will help further enhance Huayi Group¡äs risk resistance and sustainable development capabilities.
According to the announcement, this acquisition can enrich the product matrix of Huayi Group¡äs fine chemical business. Huayi Group¡äs original business mainly focuses on coal chemical products such as methanol and acetic acid, as well as basic chemicals, and has laid out a fine chemical business mainly based on coatings and resins. Sanai Fu, on the other hand, focuses on fluorine chemical products with high added value, such as fluoropolymers, fine fluorine chemicals, and the fourth-generation refrigerants.
The announcement states that the acquisition can facilitate the upstream and downstream linkage of Huayi Group¡äs industrial chain. Sanai Fu¡äs fluorine chemical products are widely used in fields such as coatings, pharmaceuticals, and pesticides, and can form a good synergy and complementary relationship with the terminal markets of Huayi Group¡äs existing business. For example, the methanol of Huayi Group can serve as a raw material for the synthesis of fluorine products, and the PVDF of Sanai Fu, as a raw material for coatings, can also help drive the growth of Huayi Group¡äs coating business.
In addition, Sanai Fu has good profitability. In 2023 and 2024, it achieved operating revenues of 5.29 billion yuan and 4.619 billion yuan respectively, and net profits attributable to the parent company of 344 million yuan and 253 million yuan. The acquisition of Sanai Fu will help further enhance Huayi Group¡äs risk resistance and sustainable development capabilities.