Xinde New Materials: The acquisition of a 51% stake in Fujian Zhongtan and the capital increase have been completed with business registration changes.

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 9th, Xinde New Materials (301349) announced that the company held the 17th meeting of the second board of directors on February 6, 2026, and the 2026 second extraordinary general meeting on February 25, 2026. The resolutions approved the “Proposal on Using Oversubscribed Funds to Acquire Part of Fujian Zhongtan New Materials Technology Co., Ltd. and to Increase Capital.” The company agreed to use part of the oversubscribed funds to acquire 51% equity of Fujian Zhongtan New Materials Technology Co., Ltd. (hereinafter referred to as “Fujian Zhongtan”) through equity transfer and capital increase, gaining control of Fujian Zhongtan and including it in the company’s consolidated financial statements.

As of the disclosure date of this announcement, Fujian Zhongtan has completed the business registration change procedures for the equity transfer. The company holds 51% of Fujian Zhongtan’s equity, which is now included in the company’s consolidated financial statements. Meanwhile, Fujian Zhongtan has obtained the business license issued by the Administrative Approval Bureau of Zhangzhou Gulei Port Economic Development Zone.

According to Tianyancha data, Xinde New Materials was established on November 7, 2000, with a registered capital of 102 million RMB. The legal representative is Yin Hongtao. The registered address is No. 295, Wensheng Road, Hongwei District, Liaoyang City, Liaoning Province, on the fourth floor. Its main business is the research, production, and sales of negative electrode coating materials.

Currently, the company’s chairman is Yin Hongtao, the secretary of the board is Li Ting, with 588 employees. The actual controllers are Yin Hongtao and Yin Shiyu.

The company has six associated companies, including Xinde Shenglong (Dalian) New Materials Technology Co., Ltd., Dalian Xinde New Materials Technology Co., Ltd., Dalian Aosenglong New Materials Co., Ltd., Dalian Xinde Carbon Materials Technology Co., Ltd., and Chengdu Yutai New Materials Technology Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 904 million yuan, 949 million yuan, and 810 million yuan, respectively, with year-on-year growth of 83.69%, 4.99%, and -14.62%. The net profit attributable to shareholders was 149 million yuan, 41.3 million yuan, and -33.04 million yuan, with year-on-year growth of 8.21%, -72.28%, and -180.01%. During the same period, the company’s asset-liability ratio was 7.57%, 12.17%, and 10.88%.

Regarding risks, Tianyancha information shows that the company has 83 internal Tianyan risks, 5 surrounding risks, 9 historical risks, and 118 early warning risks.