Haitai Tech plans to acquire the controlling stake in Xuyu Shares: the target is listed on the New Third Board, with both revenue and net profit increasing last year.

Each Daily Reporter: Chen Pengli Each Daily Editor: Chen Junjie

On the evening of April 6, Haitai Ke (SZ301022, share price 27.83 yuan, market cap 2.77B yuan) released an announcement stating that it is in the process of arranging to acquire control of Auyu Shares, a company listed on the NEEQ (National Equities Exchange and Quotations), through the issuance of shares and payment of cash, and to raise supporting funds. The company’s shares will be suspended from trading starting April 7.

Haitai Ke has long been committed to the R&D, design, manufacturing, sales, and project management services of automotive injection-molding molds and plastic components. In terms of geography, both Haitai Ke and Auyu Shares are local companies in Qingdao, Shandong.

It is understood that Haitai Ke has signed a “Memorandum of Cooperation on Equity” with the major counterpart(s) for this transaction, reaching an initial intention to purchase assets. Haitai Ke said that the initially identified transaction counterpart(s) are all or part of the shareholders of the target company, including Yang Ba o, the actual controller of Auyu Shares. However, the specific transaction plan is still under discussion and demonstration. The final scope of the transaction counterpart(s), the transaction consideration, and other details will be determined by formal agreements to be signed separately by the parties.

In the announcement, Haitai Ke stated that it initially expects that this transaction will not constitute a major asset reorganization, will not result in any change in the company’s controlling shareholder or actual controller, and will not constitute a reorganization listing. To ensure information fairness and avoid abnormal fluctuations in the share price, after applying to the Shenzhen Stock Exchange, Haitai Ke’s shares will be suspended from trading starting from the opening of trading on April 7, 2026 (Tuesday). The expected suspension period will not exceed 10 trading days, and the transaction plan will be disclosed no later than April 21, with resumption of trading thereafter.

Public information shows that the target company, Auyu Shares, is an enterprise mainly engaged in the R&D, production, and sales of geosynthetic materials. Its products are widely used in the construction of infrastructure fields such as railways, highways, water conservancy, and environmental protection. The company was listed on the NEEQ on September 16, 2022, and is currently a company in the Innovation Tier. It is worth noting that Auyu Shares is not only a nationally recognized “Little Giant” enterprise specializing in niche segments with specialized and innovative capabilities, but is also recognized as a single-item champion enterprise in manufacturing in Shandong Province and a high-tech enterprise.

Auyu Shares’ latest disclosed 2025 annual report shows that last year the company achieved operating revenue of 280 million yuan, up 27.8% year over year, and attributable net profit reached 43.58M yuan, up 25.34% year over year. The growth in performance mainly benefited from the concentrated commencement of work and deliveries during the reporting period for certain domestic projects that it had been continuously tracking, as well as centralized procurement by new customers in the Central Asia region.

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