Beijing Sun Novo Pharmaceutical Research Co LtdSunshine Nuohe is acquiring a stake in Biling Bio to support its strategic layout in nano-conjugated drugs, enhancing competitiveness.

Sunshine Nuohe plans to acquire 40,900 yuan of registered capital in Shanghai Biling Biotechnology from Hangzhou Jiaozi Tea for 10 million yuan in cash. After the transaction, the company's stake in Biling Bio will increase from 2.0435 percent to 2.2671 percent. In the most recent year, Biling Bio had total assets of 316 million yuan, net assets of 314 million yuan, revenue of 103,900 yuan, and a loss of about 47.89 million yuan. The company said the deal will support its overall strategic layout in novel nano-conjugated drugs and precision nano-delivery, enhancing competitiveness in the pharmaceutical industry. In the first quarter of 2026, Sunshine Nuohe posted revenue of 197 million yuan and net profit attributable to the parent of 20.63 million yuan.
Beijing Sun Novo Pharmaceutical Research Co LtdSunshine Nuohe is acquiring a stake in Biling Bio to support its strategic layout in nano-conjugated drugs, enhancing competitiveness.
Biling Bio receives a cash injection and increased valuation from the acquisition, though it is currently loss-making.
Hangzhou Jiaozi Tea sells part of its stake in Biling Bio for 10 million yuan, realizing a return.