---
title: "FARATRONIC: Subsidiary Shanghai Meixing will no longer be included in the consolidated financial statements"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263455332.md"
description: "FARATRONIC announced that its subsidiary Shanghai Meixing will no longer be included in the consolidated financial statements. The company signed an agreement with Fu Yi to terminate the concerted action relationship, adjusting the board seats to 3 members. Although the shareholding remains at 40%, it no longer has control. This matter was approved by the board of directors on October 30, 2025, and does not constitute a related party transaction or a major asset restructuring. Shanghai Meixing has a good credit rating, with total assets of 137 million yuan and net assets of 89 million yuan as of September 30, 2025. From January to September, the revenue was 98.7491 million yuan, and the net profit was 1.5867 million yuan. This change has no significant impact on the company's consolidated net profit and net assets"
datetime: "2025-10-30T08:21:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263455332.md)
  - [en](https://longbridge.com/en/news/263455332.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263455332.md)
---

# FARATRONIC: Subsidiary Shanghai Meixing will no longer be included in the consolidated financial statements

FARATRONIC announced that the company has signed a "Termination Agreement for Consistent Action Relationship" with Fu Yi, ending the consistent action relationship. The company's board seat at Shanghai Meixing has been adjusted to 3 members, and it no longer holds control over it. Although the shareholding of 40% remains unchanged, Shanghai Meixing is no longer included in the consolidated financial statements. This matter was approved at the company's 9th Board of Directors' 4th meeting in 2025 on October 30, and it does not constitute a related party transaction or a major asset restructuring, thus no shareholder meeting is required for deliberation. Shanghai Meixing has good credit, with total assets of 137 million yuan and net assets of 89 million yuan as of September 30, 2025, and revenue of 98.7491 million yuan and net profit of 1.5867 million yuan from January to September. This change has no significant impact on the company's consolidated net profit and net assets, nor does it affect other businesses

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