Far East Smarter Energy announced that its subsidiary Far East Electric plans to acquire an 80% stake in Huizhou Fudewangwang Industrial Development for 216 million yuan. After the transaction is completed, the target will be consolidated into the company's financial statements. Fudewangwang mainly produces core liquid-cooling heat dissipation components. In 2025, it reported revenue of 256 million yuan and net profit of 14.16 million yuan. In the first quarter of 2026, revenue was 77.69 million yuan and net profit was 7.73 million yuan. The transferor has committed that net profit from 2026 to 2028 will be no less than 25 million yuan, 30 million yuan, and 35 million yuan respectively, totaling no less than 90 million yuan. Previously, Jundeda had planned to acquire a 51% stake in Fudewangwang for no more than 300 million yuan, but terminated the plan on August 17. This valuation is about 270 million yuan, down more than 50% from the previous valuation of about 588 million yuan. In the first half of 2026, Far East Smarter Energy reported revenue of 12.99 billion yuan and net profit attributable to the parent company of 205 million yuan, up 43.13% year on year.
Far East Smarter Energy Co LtdAcquiring 80% stake in Fudewangwang for 216 million yuan, expanding into liquid-cooling components with profit guarantees.
Jdd Tech New Mat Co LtdPreviously planned to acquire Fudewangwang but terminated; now Far East Smarter Energy acquires it, potentially affecting competitive dynamics.
