Huitong New Materials (920751) plans to acquire 51% of Baoding Sanyuan's equity to deepen the company's business layout in the field of metal fibers and products

On May 26, Hunan Huitong New Materials Co., Ltd. announced that according to the company's strategic plan, in order to deepen its business layout in the field of metal fibers and products, and to enhance the company's business scale and profitability, the company has signed a "Share Transfer Agreement" with 9 shareholders of Baoding Sanyuan Textile Technology Co., Ltd., including Fang Ge, Fang Shuji, Chen Qibin, Li Zhanlu, Shang Rongling, Shang Xiangling, Shang Jiansheng, Feng Yang, and Wang Jingfeng. The company intends to acquire 51% of Baoding Sanyuan's equity for cash of 102 million yuan. Upon completion of this transaction, the company will hold 51% of Baoding Sanyuan's equity, becoming the controlling shareholder of Baoding Sanyuan and including it in the consolidated financial statements. Huitong New Materials stated in the announcement that the company's existing business involves the research and development, production, and sales of metal fibers and their products. On one hand, the company continuously promotes market development and technological research and development of metal fiber products to enhance the core competitiveness of its existing business; on the other hand, it is also actively seeking new performance growth points. Baoding Sanyuan, as a professional manufacturer of industrial textiles and PPE (personal protective equipment), has main business products that include metal fiber textile products and non-metal fiber textile products. It possesses a complete production chain from technological research, fiber development, yarn production, fabric production to garment manufacturing, capable of meeting customers' special protective equipment needs. Its products are mainly applied in military, national defense security, aerospace, environmental protection, transportation, firefighting, energy, occupational safety protection, emergency rescue, and other fields, with broad development prospects. Through this transaction, the company will form a good synergy with Baoding Sanyuan, bringing new performance growth points and further enhancing the company's profitability. According to Tongbi Finance, since its establishment, the company has focused on the manufacturing industry of metal fibers and their products, mainly engaged in the research and development, production, and sales of metal fibers and their products. After years of technological research and development, the company has become one of the leading domestic producers of metal fibers and products in terms of technology and scale. Metal fibers are fibrous metal materials with an equivalent diameter of 1 to 100 microns. As a new type of industrial material, metal fibers not only possess the advantages of metal materials themselves but also have some special properties of non-metal fiber materials, including good thermal conductivity, electrical conductivity, flexibility, and corrosion resistance. The company's independently developed metal fiber manufacturing technology is domestically leading, capable of producing various metal fibers with different compositions, core numbers, diameters, and technical parameters, and can be processed into metal fiber felt, burners, metal yarn, heating wires, metal fabrics, conductive plastics, and other metal fiber products through different processing techniques. These products are widely used in filtration, low-nitrogen combustion, information leakage prevention, and personal protection, glass processing, flexible low-voltage electric heating materials, composite materials, etc. Specific downstream application fields include chemicals, chemical fibers, textiles, environmental protection, automobiles, electronics, military, heating, etc., with significant differences in product demand across different fields, posing high requirements for response speed, technical level, and manufacturing processes. The company is a national-level specialized and innovative key "little giant" enterprise and a high-tech enterprise, recognized as the Hunan Provincial Engineering Technology Research Center for Metal Fibers and Products. The company has a research and development team with professional knowledge and skills, mastering 6 core process technologies. By the end of 2025, it has obtained 25 patents, including 10 invention patents, 14 utility model patents, and 1 design patent In addition, 12 patents are in the review stage (9 invention patents are in the substantial examination stage, 1 invention patent is in the preliminary examination stage, and 2 utility models are in the preliminary examination stage). The company adheres to the concept of "continuous innovation and pursuit of excellence," striving to maintain a strong technological advantage and has built a good brand image over the years. In terms of performance, for the fiscal year 2025, the company's operating revenue was 230 million yuan, a year-on-year increase of 7.03%; the net profit attributable to shareholders of the listed company was approximately 46.45 million yuan, a year-on-year increase of 17.29%