Xingshuaier announced on the evening of September 21 that the company is planning to acquire assets through the issuance of shares and payment of cash, and to raise supporting funds. The total valuation of the target assets is tentatively set at 840 million yuan, and trading in the company's shares will be suspended from the market open on September 22. As of the close on September 21, Xingshuaier's share price was 18.39 yuan per share, up 9.99%, with a total market capitalization of 6.476 billion yuan. The targets of the proposed acquisition are 100% equity stakes in Dongguan Fanyu Automation Technology Co., Ltd. and Dongguan Xiangying New Material Technology Co., Ltd., with 49% equity in each company to be acquired through share issuance. The counterparties are all shareholders of the two companies, and the controlling shareholder and actual controller is Chen Yong. The target assets are mainly engaged in the research, development, production, and sales of PCB cutting tool equipment and semi-finished consumables, which differs from Xingshuaier's existing main businesses of refrigeration compressor thermal protectors, starters, sealed terminals, small home appliance temperature controllers, motors, and solar photovoltaic modules, and may become a cross-industry transaction. The counterparties have committed that the cumulative non-GAAP net profit of the two target companies from 2026 to 2028 will be no less than 210 million yuan, with no less than 55 million yuan, 75 million yuan, and 80 million yuan in 2026, 2027, and 2028 respectively. In the first half of 2026, Xingshuaier's operating revenue and net profit attributable to the parent company decreased by 3.39% and 17.60% year-on-year respectively.
