Zhongyan Dadi announced on the evening of September 27 that it plans to acquire a 60% stake in Shenzhen Xinhuan Yu Precision Technology through a combination of equity purchase and capital increase, spending a total of 240 million yuan to bring this specialized and innovative enterprise focused on PCB precision drill bits and milling cutters into its consolidated financial statements. The transaction uses differentiated pricing: shareholders participating in performance commitments and compensation transfer a 20.2105% stake for 64.7368 million yuan, shareholders not participating transfer a 15.7895% stake for 25.2632 million yuan, and the company acquires 36% of the original shareholders' equity for a total consideration of 90 million yuan. At the same time, it will inject 150 million yuan in cash based on a pre-investment valuation of 250 million yuan, obtaining a 37.5% stake after the capital increase, with funds coming from its own resources and self-raised funds. The performance commitment and compensation obligors promise that Xinhuan Yu's combined non-GAAP net profit attributable to the parent company for 2026, 2027, and 2028 will be no less than 100 million yuan, with no less than 5 million yuan in 2026, no less than 30 million yuan in 2027, and no less than 45 million yuan in 2028. Xinhuan Yu achieved operating revenue of 39.6628 million yuan and net profit attributable to the parent company of 1.7256 million yuan in 2025, and operating revenue of 28.2921 million yuan and net profit attributable to the parent company of 1.9599 million yuan in the first half of 2026. Zhongyan Dadi achieved operating revenue of 182 million yuan in the first half of 2026, down 49.65% year on year, with net profit attributable to the parent company of negative 19.9046 million yuan, down 195.94% year on year.
Zhongyan Technology Co LtdZhongyan Dadi plans to acquire a 60% stake in PCB drill-bit maker Xinhuan Yu for 240 million yuan, bringing it into consolidated financial statements.
