Huakai Yibai plans to acquire no less than a 51% stake in NEEQ-listed Wanhe Technology for cash and gain control. The preliminary valuation of Wanhe Technology's entire equity is between 700 million and 900 million yuan. The deal includes a performance commitment of cumulative non-recurring net profit of no less than 240 million yuan over three years, with cumulative non-recurring net profit from relevant businesses of no less than 150 million yuan, and overall non-recurring net profit of no less than 60 million yuan in 2026. Wanhe Technology's main business covers radio frequency technology products and services, and electronic component distribution. In 2025, its revenue was 995 million yuan and net profit was 43.15 million yuan, with about 95% of revenue coming from electronic component distribution. This is Huakai Yibai's third major acquisition this year, following earlier moves into high-end sports goods and home medical assistive devices. The company is expanding through external acquisitions from cross-border e-commerce exports into the radio frequency technology and electronic component distribution sectors.
Hunan Huakai Cultural and Creative Co LtdHuakai Yibai plans to acquire at least 51% of Wanhe Technology, expanding into RF tech and electronic components.