Jingwei Huikai: The transfer of all shares of ZTE Systems has been paid a transfer fee of 600 million yuan.

NightAirdropper · 2026-02-26T06:32:22+00:00

Jingwei Hui Kai announced that it will acquire 100% equity of ZTE Systems for 850 million yuan, with 600 million yuan already paid. The company's main business is LCD display and touch module, with fluctuating operating income from 2022 to 2024 and significant changes in net profit, facing multiple risks.

NightAirdropper

2026-02-26 06:32:22

Abstract generation in progress

Radar Finance Text | Yang Yang Edited | Li Yihui

On February 24, Jingwei Huikai (300120) announced that the company held a board meeting on October 17, 2025, and an extraordinary shareholders’ meeting on November 6, 2025, during which they approved a proposal to acquire 100% equity of ZTE System Technology Co., Ltd. for 850 million yuan in cash.

As of now, the company has paid 600 million yuan of the equity transfer price and will continue to handle the business registration change procedures.

According to Tianyancha data, Jingwei Huikai was established on March 1, 1999, with a registered capital of 574.393929 million RMB. The legal representative is Chen Jianbo, and the registered address is No. 12 Wanggang Road, Tianjin Jinnan Economic Development Zone (Shuanggang) (multiple addresses exist). Its main business involves the research, production, and sales of LCD display and touch display modules, as well as electromagnetic wires.

Currently, the company’s chairman is Chen Jianbo, the secretary is Liu Dongmei, and it has 1,467 employees.

The company has stakes in 20 subsidiaries, including Tianjin Jingwei Electric Power Technology Co., Ltd., Jingwei Huikai (Shenzhen) Semiconductor Technology Co., Ltd., NVD (M) SDN BHD, Xinhuikai Technology (Jiangsu) Co., Ltd., and Hunan Jingwei Huikai Technology Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 2.7 billion yuan, 3.434 billion yuan, and 3.261 billion yuan, respectively, with year-over-year growth of -18.33%, 27.18%, and -5.03%. The net profit attributable to the parent was 36.7694 million yuan, -289 million yuan, and 21.4574 million yuan, with year-over-year changes of -15.10%, -886.80%, and 107.42%. During the same period, the company’s asset-liability ratio was 40.55%, 37.07%, and 34.04%.

Regarding risks, Tianyancha information shows the company has 161 internal Tianyan risks, 102 surrounding Tianyan risks, 48 historical Tianyan risks, and 166 early warning Tianyan risks.

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