Sinosun Tech Gets New Owner and AI-Server Repair Acquisition
New controlling shareholder takes over at a premium Xinjiang Chaojun sold its entire 14.18% stake to Jingheheng for 539 million yuan, about 11.31 yuan per share — well above the pre-suspension close of 8.87 yuan. Jingheheng becomes controlling shareholder and Qu Jialin the actual controller. A buyer paying up signals confidence and resets the ownership story.
This is the core completed control change that directly drives the stock's re-rating.
Cross-border move into AI server repair Sinosun plans to buy Bainei Technology via new shares at 6.07 yuan plus cash. Bainei repairs and maintains high-end AI computing equipment — a hot area. This gives the loss-making anti-counterfeiting firm a new growth story and ties it to AI demand, which investors often reward.
The acquisition is the new business catalyst that explains why the stock is moving beyond the control change.
Four years of losses and an unproven pivot Sinosun lost money from 2022 to 2025, with 2025 revenue of only 128 million yuan and a net loss of 18.2 million yuan. Bainei was only set up in December 2024, and the deal is cross-border. The new business is unproven, so the turnaround could fail or take years.
This is the real counterweight: the company's weak financials and the risk that the new business does not deliver.
Same person controls both sides of the deal Qu Jialin is the ultimate controller of both Jingheheng (the buyer) and the Bainei seller. That makes the transactions related-party deals, raising questions about pricing fairness and whether the acquisition truly brings outside value. It could help or hurt depending on how investors judge the terms.
This governance detail shapes how much investors trust the deal and is a key swing factor for the stock.