Ruifeng High Materials (300243.SZ) plans to acquire 68.065% of Mintuo New Materials through equity transfer and capital increase

According to the Zhitong Finance App, Ruifeng High Materials (300243.SZ) announced that the company plans to obtain a total of 68.065% of the shares of the target company by transferring part of the shares of Anhui Mintuo New Materials Technology Co., Ltd. (hereinafter referred to as “Mintuo New Materials”, “Target Company”) and increasing capital to the target company using its own capital and self-financing of 499 million yuan. This transaction can enrich the layout of the company's new materials industry and promote the company's transformation and upgrading. It is fully necessary and feasible, and conforms to the long-term interests of shareholders.

The target company is currently in a state of low operating income and loss of profits. The target company's 2025 revenue was 40.754 million yuan, net profit to mother was 62.5081 million yuan; revenue for the first half of 2026 was 27.2915 million yuan, and net profit to mother was 25.6983 million yuan. The main reason is that the target company's main production capacity is built in a short time, fixed costs and expenses are high in the early stages, and the long introduction cycle of electronic chemicals is common in the industry, rather than due to business abnormalities. However, if the future target company's revenue growth rate is slow due to reasons such as poor industry sentiment, product development falling short of expectations, product development falling short of expectations, and market development falling short of expectations, etc., it will not be able to absorb the current high costs and expenses, which in turn will cause the target company's profitability to fall short of expectations.