Ningbo Joyson to Acquire Controlling Stake in Xiangshan Weighing Apparatus Group

Today, significant developments were reported from several companies, particularly in the areas of acquisitions and financial performance. Notably, Ningbo Joyson Electronic Corp. is set to acquire a controlling stake in Guangdong Xiangshan Weighing Apparatus Group Co., Ltd., while other companies announced various financial strategies and performance updates.

Deals & Restructuring

• Ningbo Joyson Electronic Corp. intends to acquire 20,682,711 shares of Xiangshan Co., Ltd. (002870) at 31.20 yuan per share, totaling approximately 645.3 million yuan. This acquisition will result in Joyson holding over 30% of Xiangshan's shares, triggering a mandatory tender offer, which has been waived by Xiangshan's shareholders under specific conditions.
• Zhejiang Jiemei Electronic and Technology Co., Ltd. (002859) received a legal opinion confirming the compliance of its proposed acquisition of 100% equity in Changsha Jemei Technology through share issuance. This transaction involves raising supporting funds from specific investors.
• *Gospell Digital Technology Co., Ltd. (ST Gauss, 002848) plans to issue up to 50,145,000 A-shares to raise 650 million RMB for working capital and debt repayment, resulting in a change of control.
• Beijing Keri Co., Ltd. announced its plan to acquire 51% equity in Anhui Zhishanghe Technology for 190.23 million RMB, enhancing its position in the energy storage sector.

Earnings & Performance

• Shenzhen Longsys Electronics Co., Ltd. (301308) reported a revenue of 24.09 billion RMB and a net profit of 10.58 billion RMB for the first half of 2026, marking significant growth. The company also completed the acquisition of minority interests in Zilia Eletrônicos.
• Sinexcel Electric Co., Ltd. (300693) announced a 29.16% increase in revenue and a 44.11% rise in net profit for the first half of 2026, alongside a profit distribution plan.

Regulatory & Governance

• ST Cuihua Co., Ltd. (002731) issued a risk warning regarding potential delisting due to failure to disclose its 2025 annual report on time, with ongoing investigations by the CSRC for suspected false financial information.
• Guangdong Jinma Entertainment Corporation Limited (300756) is undergoing a regulatory review for its private placement of shares, with adjustments made to its fundraising plans.

Other Notable Developments

• Guangdong Huicheng Vacuum Technology Co., Ltd. (301392) plans to raise up to 955 million RMB through a private placement to fund semiconductor equipment industrialization.
• Jinyun Laser Co., Ltd. (300220) received a criminal judgment against its actual controller for market manipulation, although it is not expected to impact the company's profits.
• Shenzhen Sinexcel Electric Co., Ltd. (300693) reported significant growth in its semi-annual results, alongside a successful restricted stock incentive plan.

These announcements reflect ongoing strategic movements and financial performance updates across various sectors, indicating a dynamic market environment.