On May 28, Jilin Carbon Valley Carbon Fiber Co., Ltd. announced that the Jilin Provincial State-owned Assets Supervision and Administration Commission (SASAC) obtained 30.96% of the shares of the Chemical Fiber Group held by the Jilin Municipal SASAC through the free transfer of state-owned equity. After the completion, the Jilin Provincial SASAC will hold 50.32% of the shares of the Chemical Fiber Group, making it the controlling shareholder of the Chemical Fiber Group. The Chemical Fiber Group directly holds 2.06% of the shares of Jilin Carbon Valley and holds 46.38% of the shares of Jilin Carbon Valley through its controlling subsidiary, Guoxing New Materials. Therefore, after the completion of this acquisition, the Jilin Provincial SASAC will indirectly control 48.44% of the voting rights of Jilin Carbon Valley, becoming the actual controller of Jilin Carbon Valley.

Jilin Carbon Valley stated in the announcement that this acquisition is a significant adjustment made by the Jilin Provincial Party Committee and Provincial Government regarding the positioning and development strategy of the Chemical Fiber Group. It aims to leverage the strength of the entire province to fully develop the Chemical Fiber Group into a world-class enterprise, focusing on the "high-quality development of the domestic carbon fiber industry chain" and "driving industrial agglomeration and economic development across the province." After the completion of this acquisition, the Jilin Provincial SASAC will directly hold 50.32% of the shares of the Chemical Fiber Group and will indirectly control the voting rights of 28,469,797.77 shares of Jilin Carbon Valley through the Chemical Fiber Group, accounting for 48.44% of the total share capital of Jilin Carbon Valley, thus becoming the actual controller of Jilin Carbon Valley.

According to Changbi Finance, the company is mainly engaged in the research, production, and sales of polyacrylonitrile-based carbon fiber precursor. In March 2025, the company was recognized as an advanced enterprise in standardized construction by the China Chemical Fiber Association for the year 2024.

The company advances its production process with advanced wet two-step and dry jet wet dual-line methods, leading in technology, skills, management, and scale in the domestic carbon fiber precursor field. The company adheres to the principle of promoting "high quality" and "generalization" in the large tow field, and "high performance" and "specialization" in the small tow field, achieving development in all grades and specifications in the carbon fiber precursor field.

As a high-tech enterprise, the company deeply engages in the polyacrylonitrile-based carbon fiber precursor sector, building a product matrix covering all specifications from 1K to 50K, fully meeting the diverse and customized needs of different downstream fields such as military, wind power, sports and leisure, low-altitude economy, and aerospace, supporting the rapid development of downstream industries and establishing its industry position as the largest carbon fiber precursor production base in the country.

The company is recognized as a benchmark state-owned management enterprise by the State-owned Assets Supervision and Administration Commission of the State Council, and its industry is the carbon fiber sector within the strategic emerging industries that the state prioritizes for support. It is also a key enterprise supported by provincial and municipal governments, committed to becoming a leading domestic and internationally competitive supplier of carbon fiber precursors.

The company always insists on rooting itself in the real economy and focusing on its main business, with "cost reduction and quality improvement" as the core line. By strengthening grassroots management, refining process control, and building a systematic management system, it promotes the overall scale, research and production capacity, technological level, and product quality of the company to achieve comprehensive improvement and drive high-quality development.

Guided by systematic and refined management thinking, the company focuses on the efficient operation of the management system through safety standardization, addressing safety inspection issues, clarifying work direction around "four-level system sorting," and relying on special task forces to implement sorting tasks. Through the path of "building a framework—refining content—step-by-step implementation—improving systems," it gradually establishes a scientifically sound and complete institutional management system With the effectiveness of reforms and management strength, the company has been successively selected for the State-owned Assets Supervision and Administration Commission's state-owned enterprise reform and "Science and Technology Reform Action" enterprise list, continuously releasing reform vitality.

The company adheres to the strategy of "developing both large and small bundles," achieving full brand and specification coverage in the carbon fiber precursor field. Based on prioritizing the needs of the military industry, it focuses on the industrial and civilian markets, continuously expanding domestic application fields, and the results of market development are becoming increasingly evident, laying a solid foundation for the company's long-term sustainable development.

In terms of performance, in 2025, the company achieved operating revenue of 2.537 billion yuan, a year-on-year increase of 58.21%; the net profit attributable to shareholders of the listed company was 179 million yuan, a year-on-year increase of 90.24%