Hunan Zhongke Electric Co.,Ltd. (300035.SZ) announced that Sichuan and Chengdu state-owned capital platforms, alongside CALB (03931.HK), will indirectly acquire a 5.001% stake in the company for 800 million yuan.
The announcement revealed that the company’s controlling shareholders, Yu Xin and Li Aiwu, along with their affiliates Yu Qiang, Li Xiaolang, and other shareholders Luo Xinhua, Huang Yuehua, and Huang Xiongjun, agreed to transfer approximately 34.28 million unrestricted shares (5.001% of total shares) to Kaibo (Chengdu) New Energy Equity Investment Fund Partnership at 23.34 yuan per share, totaling 800 million yuan (tax inclusive).
Post-transaction, Yu Xin and Li Aiwu’s stake will decrease to 12.93%, retaining their status as controlling shareholders, while Kaibo Chengdu Fund will hold 5.001%.
Kaibo Chengdu Fund, established in 2022 with 1 billion yuan in capital, is managed by Kaibo (Hubei) Private Fund Management Co. Its major investors include Sichuan and Chengdu state-backed entities and lithium battery leader CALB. Specifically, CALB holds a 29.90% stake, followed by Chengdu Jingkai Industrial Investment Fund (25.00%), Sichuan Regional Coordinated Development Investment Fund (20.00%), Chengdu Major Industrialization Project Fund (19.90%), and Chengdu Industrial Functional Zone Investment Group (5.00%).
Hunan Zhongke Electric stated that the investment reflects Sichuan and Chengdu state-owned capital’s confidence in the company’s growth prospects, aiming to enhance high-quality development of lithium battery anode materials in the region while bolstering the company’s global competitiveness.
Chengdu Industrial Investment Group, a key facilitator of the deal, signed a strategic cooperation agreement with Hunan Zhongke Electric to deepen collaboration in anode materials, leveraging mutual strengths in resources, capital, and expertise.
Founded in 2004 and listed in 2009, Hunan Zhongke Electric operates dual core businesses in lithium battery anodes and magnetic equipment, ranking as a domestic leader in both sectors. The company reported robust Q3 2025 results, with revenue surging 52.03% year-on-year to 5.904 billion yuan and net profit jumping 118.85% to 402 million yuan, driven by strong demand in energy storage markets.
Shares of Hunan Zhongke Electric closed at 24.78 yuan on the day, up 0.98%, with a market cap of 16.985 billion yuan.