On June 19, 2026, Jianbang Co., Ltd. (603285) announced that the company plans to obtain corresponding equity interests in Shenzhen Xinhao Automation Technology Co., Ltd. and Shenzhen Haohan Yuteng Automation Technology Co., Ltd. in cash through its wholly-owned subsidiary Jianke Intelligence, through a combination of equity acquisition and capital increase.
After the equity transfer and capital increase are completed, the company will hold 55% of the equity in each of the above two companies. The total investment in this transaction is expected to not exceed 320 million yuan.
From the perspective of the target company’s business, Xinhao Automation is mainly engaged in two core product series: laser direct imaging exposure equipment and fully automatic character printing equipment; Yuteng Automation focuses on precision lamination and visual inspection automation equipment.
The two target companies are both located in Shenzhen and are technology-based enterprises in the field of automation equipment.
Jianbang Co., Ltd. has currently formed two series of products: functional additives and PVC heat stabilizers. The products are mainly used as stabilizers, catalysts, plasticizers, coupling agents and other functional additives in the fields of insulating coatings, PVC plastics and lithium battery materials, and belong to the chemical industry.
Jianbang Co., Ltd. stated that this transaction aims to further expand the application fields of the company’s environmentally friendly additive series products, accelerate the application of products in the electronics industry chain, deeply explore the demand for green transformation of electronics manufacturing, and continue to expand market share.
The company emphasized that relying on the technology and industrial advantages of the target company will, on the one hand, help extend the company’s product application fields and accelerate the introduction of customer certification in the electronics industry; on the other hand, it will help realize the company’s industrial extension from traditional chemicals to high-end equipment and optimize the business structure.
It is worth noting that Jianbang Shares has shown signs of expanding into emerging industries in its business layout.
The company’s 2025 annual report mentioned that the rapid rise of emerging industries such as industrial automation, new energy power generation, and AI computing power supporting equipment has put forward higher requirements for high-performance electromagnetic wires and supporting enameled wire paints, and has also brought new growth momentum to the industry.
This acquisition of an automation equipment company can be regarded as the implementation of the company’s strategy of extending from a material supplier to the equipment field.
However, it is not easy to cross the border from chemical materials to automation equipment.
On June 18, Jianbang Shares received a regulatory letter regarding equity acquisitions, which mainly involved this equity acquisition.
In addition to optimizing business, acquisitions will enhance the company’s performance.
The financial information released in the announcement shows that the total revenue of Xinhao Automation and Yuteng Automation in 2025 is 111 million yuan, the total net profit in 2025 is 25.5056 million yuan, and the total net profit from January to April 2026 is 10.6537 million yuan.
However, the company’s revenue and net profit attributable to its parent company have declined for four consecutive years since 2022. In 2025, revenue was 619 million yuan, a year-on-year decrease of 8.01%, and net profit attributable to its parent company was 136 million yuan, a year-on-year decrease of 13.84%.
In the first quarter of 2026, the company achieved operating income of 162 million yuan, a year-on-year increase of 4.35%; net profit was 31.7796 million yuan, a year-on-year decrease of 13.25%.
If the acquisition is completed, the target company will be included in the consolidated statements, which will help expand the company’s operating income and net profit scale, and promote the company’s market competitiveness and profitability.
Market participants said that Jianbang’s acquisition of an automation equipment company is an important strategic move for it to extend from the traditional chemical industry to the high-end equipment industry. It has multiple strategic significance such as creating a second growth curve, optimizing the business structure, and accelerating the penetration of the electronics industry chain.
However, risks such as cross-border operations and goodwill impairment cannot be ignored, and attention needs to be paid to the progress of subsequent transactions and the effects of integration.
