Xiongsu Technology announced that the company plans to acquire no more than 80% equity in Shenzhen Xinyuan New Materials Co., Ltd. via cash. The overall valuation of 100% equity of the target company is tentatively set at no more than 800 million yuan, with cash consideration not exceeding 640 million yuan. Xinyuan New Materials' net profit in 2025 was approximately 50 million yuan, and net profit in the first half of 2026 was approximately 30 million yuan. The performance commitment period is from 2026 to 2028, with net profit in 2026 no less than 58 million yuan, and cumulative net profit over three years no less than 192 million yuan. This transaction is still in the planning stage and is subject to uncertainty.
Guangdong Xiongsu Technology Group Co LtdXiongsu Technology plans a cash acquisition of up to 80% of Xinyuan New Materials, valued at up to 800 million yuan, adding a profitable target with performance commitments.
