Nanfang Precision announced that its controlled subsidiary, Jiangsu Nanfang Changsheng New Energy Technology, has received financial assistance of up to 10 million yuan from Shi Wei, one of the company's actual controllers, to support business development and daily operations. Shi Wei, who currently serves as the company's deputy general manager, provided the loan using personal funds, which constitutes a related-party transaction. The loan term is one year, with an interest rate not exceeding the one-year loan prime rate. In the first quarter of 2026, Nanfang Precision achieved revenue of 191 million yuan and a net profit attributable to the parent company of 260,000 yuan.
Jiangsu Nanfang Bearing Co LtdSubsidiary receives up to 10 million yuan loan from actual controller, supporting operations and business development.
Direct recipient of financial assistance from actual controller, improving liquidity for daily operations.