Dongbai Group to Acquire 52.67% Stake in Kuailing Optoelectronics for 316 Million Yuan

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Summary · why it matters

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. Upon completion of the transaction, Kuailing Optoelectronics and its subsidiary Guangte Technology will be consolidated into the company's 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. Overall revenue scale is small and the company has yet to turn a profit. In the optical communications sector, the target company's current revenue mainly comes from low-speed products. Commercialization of high-speed products may fail to pass customer certification or achieve large-volume shipments due to factors such as weak product technology reliability, poor performance, or insufficient production capacity to support mass production. At present, the company has no business in this area and no reserve of relevant research and development or technical personnel. This transaction carries 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.

Impact on assets 1

Others▲
Fujian Dongbai Group Co Ltd
600693
± MixedCapitalrelevance

Dongbai's subsidiary will acquire 52.67% of loss-making Kuailing Optoelectronics for 316 million yuan, a cross-industry M&A with integration and profitability risks.

Off-coverage companies 2

Hangzhou Kuailing Optoelectronics Technologyi
Private± MixedCapitalrelevance

Kuailing Optoelectronics is the acquisition target, currently unprofitable with weak high-speed product commercialization prospects.

Zhejiang Guangte Technologyi
Private± MixedCapitalrelevance

Guangte Technology, a Kuailing subsidiary, would be consolidated into Dongbai's financial statements upon deal completion.