Individual investor Wang Xin has officially become the de facto controller of Jiangte Motor and taken up the role of chairman, following nearly nine years of contrarian accumulation. Wang first appeared among the top ten tradable shareholders in the fourth quarter of 2017, holding 9.73 million shares. He continued buying as the stock price fell from around 12.89 yuan to a low of 1.25 yuan, and by the first quarter of 2025 his stake had reached 50.12 million shares. In July 2025, he paid 315 million yuan to acquire a 50 percent stake in Jiangxi Jiangte Industrial, becoming co-de facto controller through a transaction at the upper-level holding platform. However, after the stock resumed trading and hit its daily limit up at 8.12 yuan on 29 July 2025, it fell back to 7.99 yuan a year later, almost returning to square one. The company also expects a net loss of 180 million to 220 million yuan in the first half of 2026, with the lithium segment suffering from low capacity utilisation because its core mine has not been developed.
Jiangxi Special Electric Motor Co LtdCompany expects net loss of 180-220 million yuan in H1 2026 due to low lithium capacity utilization.
Wang Xin acquired 50% stake in Jiangxi Jiangte Industrial, becoming co-de facto controller, but impact on the company is unclear.