Tongyu Heavy Industry Co., Ltd. (SZSE:300185) agreed to acquire an additional 43.76% stake in Shandong Xinyuan Thermal Power Co., Ltd. from Shandong Qitong Investment Co., Ltd. for CNY 22.8 million on April 9, 2021. Shandong Xinyuan Thermal Power Co., Ltd. reported total assets of CNY 1.07 billion, revenue of CNY 169 million, EBIT of CNY 26.04 million, net assets of CNY 310.6 million and net profit of CNY 19.83 million as of March 31, 2021.