Taiyuan Heavy Industry sells subsidiary, adjusts capital, and cuts related-party transactions

Taiyuan Heavy Industry (SSE:600169) plans to sell 100% equity in its wholly-owned subsidiary, Shanxi Taiyuan Heavy Industry Coking Equipment Co., Ltd., to its controlling shareholder, Taiyuan Heavy Machinery Group Co., Ltd., for CNY 618,108,614. The transaction, pending shareholder approval, aims to optimize the company's asset structure and enhance profitability by divesting a loss-making coking equipment business.

Additionally, the company has announced its projected related-party transactions for 2026, totaling CNY 464,600, a decrease of CNY 192,300 (29.27%) from 2025. These transactions primarily involve the purchase of raw materials and goods, and the sale of products and services, all conducted at market prices.

In conjunction, the company is adjusting its registered capital from CNY 3,361,256,840 to CNY 3,347,103,170 due to the repurchase and cancellation of restricted shares under its 2022 stock incentive plan. The company will also provide non-financing guarantee facilities up to CNY 10,000 to its wholly-owned subsidiaries for operational needs.