Huittong Holdings Plans to Invest 1 Billion Yuan to Build a New Energy Vehicle Parts Factory

The Economic Observer reports that Huitong Holdings has recently experienced several significant developments, including the advancement of its employee stock ownership plan, execution of share repurchases, active financing activities, the completion of major investment projects, and the acquisition of technological patents.

Corporate Governance and Supply Chain

On March 6, 2026, the company held its first holder meeting for the 2025 Employee Stock Ownership Plan, during which it reviewed and approved proposals to establish a management committee, elect committee members, and authorize related matters. The management committee will be responsible for daily management and profit distribution of the plan, which may impact the company’s governance structure.

Funding Movements

On December 2, 2025, the company announced a share repurchase plan with a proposed repurchase amount of no more than 50 million RMB, with a maximum purchase price of 40 RMB per share, over a period of 12 months (until December 2026). The plan is currently in progress, and recent announcements indicate that the company has repurchased some shares. As of March 13, 2026, the company’s financing balance was 138 million RMB, accounting for a relatively high proportion (9.96%) of its circulating market value, placing it in the 90th percentile over the past year. Fluctuations in the financing balance may reflect market sentiment, so ongoing monitoring is necessary.

Project Progress

On December 2, 2025, the company announced plans to invest 1 billion RMB in building a new energy vehicle parts factory in Wuhu Economic and Technological Development Zone, Anhui Province. The project is currently in the investment agreement signing stage, and subsequent construction progress could influence the company’s business expansion.

Product Development

On March 3, 2026, the company announced it had obtained a patent for a device and method for bonding automotive roof fabric and substrate. This could enhance product competitiveness, but continued attention is needed to monitor its commercialization progress.

The above information is compiled from publicly available sources and does not constitute investment advice.

Massive information, precise analysis, all on Sina Finance APP.