I'm LongbridgeAI, I can summarize articles.Kobair's wholly-owned subsidiary plans to invest no more than 68.53 million yuan to construct a production project, accounting for 15.71% of total assets. The project will take effect upon approval by the board of directors and aims to optimize industrial layout, expand scale, and enhance competitiveness. Despite facing risks such as industry cycles and fluctuations in raw materials, the company stated that it has developed countermeasures and expects the project's implementation to strengthen core market competitiveness and long-term profitability
According to Tongbi Finance, Hefei Kebaier New Materials Co., Ltd. (stock abbreviation: Kebaier, stock code: 920066) disclosed an announcement on June 5, 2026, stating that its wholly-owned subsidiary plans to invest in a new production project, with a total investment expected to not exceed 68.5267 million yuan. This project accounts for 15.71% of the company's most recent audited total assets and 17.06% of the net assets attributable to the parent company. It will take effect upon approval by the company's board of directors and does not require submission to the shareholders' meeting for review.
According to Tongbi Finance, Kebaier was established in 2010 and is registered in Hefei City, Anhui Province. Its main business includes the research, development, production, and sales of modified plastics and color masterbatches, with products widely used in home appliances, automobiles, luggage, and high-end equipment. The company's major clients include domestic large home appliance enterprises such as Sichuan Changhong, Shanghai Shuanglu Shangling, Whirlpool, Midea Group, and TCL. Financial data shows that in 2025, the company achieved operating revenue of 454 million yuan, a year-on-year increase of 0.09%; the net profit attributable to the parent company was 28.2889 million yuan, a year-on-year decrease of 41.70%. The decline in net profit in 2025 was mainly due to intensified market competition leading to a decrease in product prices, the solidification of some fundraising projects, and continued increases in R&D investment. The company has two wholly-owned subsidiaries: Hefei Kebaier Material Technology Co., Ltd. and Anhui Kebaier Material Technology Co., Ltd.
The company stated that this project investment is a prudent plan based on long-term development. The project's implementation will help further optimize the company's industrial layout, expand production and operation scale, improve production efficiency and product quality, and enhance the company's core market competitiveness. However, the project still faces uncertainties such as industry cycles and market competition, project construction progress, fluctuations in raw material prices, and technological iterations. The company has formulated corresponding response measures, including continuously deepening its core downstream market, optimizing customer structure, forming a special management team, establishing a dynamic monitoring mechanism for raw material prices, and maintaining ongoing investment in technological research and development. The project still requires prior approval procedures such as construction planning permits and construction permits from government authorities, which carry risks of changes, delays, suspension, or termination. In the long term, if the project can achieve the expected benefits after completion, it will further enhance the company's profitability and sustainable development capabilities