Xiongshu Technology Plans to Acquire Up to 80% Stake in Xinyuan New Materials

36Kr reports that Xiongshu Technology announced plans to acquire up to an 80% equity stake in Shenzhen Xinyuan New Materials Co., Ltd. via cash payment, with the total valuation of the target company's 100% equity tentatively capped at 800 million yuan and the cash consideration not exceeding 640 million yuan. Xinyuan New Materials is projected to generate net profits of approximately 50 million yuan in 2025 and around 30 million yuan in the first half of 2026. The performance commitment period covers 2026–2028, with a minimum net profit of 58 million yuan for 2026 and cumulative profits of no less than 192 million yuan over three years. The transaction is currently in the planning stage and remains subject to uncertainty.