Jinfu Technology's wholly-owned subsidiary Shanghai Jinjinfu plans to expand its capital and shares by introducing the related party Jinjinfu Private Equity Fund, which will inject 470 million yuan into it. After the capital increase, the company's shareholding will be diluted from 100 percent to approximately 69.08 percent, while Jinjinfu Private Equity Fund will hold about 30.92 percent, making Shanghai Jinjinfu a controlled subsidiary. This capital increase is intended to establish a subsidiary in Qianwei County, Sichuan Province, to invest in and build the Jinjinfu New Materials Western Base Project. The total investment for the project is approximately 1 billion yuan, mainly for constructing production facilities with an annual capacity of 120,000 tons of battery cathode and anode binders, electronic binders, and thermal management coolant. In the first quarter of 2026, Jinfu Technology achieved revenue of 564 million yuan and a net loss attributable to the parent company of 54.7 million yuan.
Suzhou Jinfu New Material CoRelated-party capital injection of 470 million yuan into subsidiary for new materials project, diluting parent's stake but funding expansion.
Shanghai Jinjinfu receives 470 million yuan capital increase from related party, enabling investment in new materials base project.