Fujian Dongbai Group Co LtdDongbai's subsidiary plans a 316 million yuan acquisition of a 52.67% stake in an unprofitable photodetector chip maker, bringing cross-industry integration risk.

Dongbai Group announced that its wholly owned subsidiary Dongbai Chuangzhi plans to acquire a 52.6667% stake in Hangzhou Kuailing Optoelectronics Technology Co., Ltd., with a tentative transfer price of 316 million yuan. After the transaction is completed, Kuailing Optoelectronics and its subsidiary Guangte Technology will be included in the company's consolidated financial statements. The target company is mainly engaged in the research, development, production and sales of photodetector chips. Its revenue for 2025 and the first eight months of 2026 was 39.7613 million yuan and 34.8693 million yuan respectively, while net profit was negative 15.0722 million yuan and negative 2.517 million yuan respectively. Its overall revenue scale is relatively small and it has not yet become profitable. In the optical communications sector, the target company's current revenue mainly comes from low-speed products. The commercialization progress of high-speed products may fail to pass customer certification or achieve large-volume shipments due to factors such as weak product technical reliability, poor performance, or insufficient production capacity to support mass production. At present, the company has not engaged in related businesses and has no reserve of relevant research and development or technical personnel. This transaction involves risks of cross-industry operation and integration management. If integration falls short of expectations, it will adversely affect the profitability of the target company and the listed company.
Fujian Dongbai Group Co LtdDongbai's subsidiary plans a 316 million yuan acquisition of a 52.67% stake in an unprofitable photodetector chip maker, bringing cross-industry integration risk.
Kuailing Optoelectronics is the acquisition target, with negative net profit and unproven high-speed product commercialization.
Guangte Technology, a subsidiary of the acquisition target, would be consolidated into Dongbai Group after the deal closes.