Shibi Bai (920768), a shareholder holding more than 5%, plans to reduce holdings by no more than 1,109,700 shares, representing a reduction ratio of no more than 1%.

On February 24, Zhuhai Shibi Baijiatuo Co., Ltd. announced that its shareholder Guangdong Science and Technology Venture Capital Co., Ltd., holding more than 5% of the shares, plans to reduce its holdings by no more than 1.097 million shares, representing a reduction of no more than 1%.

According to Bibu Finance, the company has been dedicated to the research, production, sales, and application expansion of metal appearance composite materials. The metal appearance composite materials industry belongs to the new materials sector, focusing on material applications. Through independent research and development and years of technical accumulation, the company has mastered core technologies such as composite and process control, far-infrared radiation heating, heat-resistant metal appearance composite, coating positioning technology, high-barrier, high-processability film lamination, and IN-LINE cutting system process control. As of the end of June 2025, the company holds 96 valid patents, including 14 invention patents, 81 utility model patents, and 1 design patent. Utilizing these technologies and through reasonable procurement, production, and sales models, the company produces metal appearance composite products (including PCM and VCM products) sold to home appliance manufacturers and OEMs, such as Midea, Haier, Changhong, Panasonic, and OMA.

The company’s industry belongs to the new materials sector, and its products are in the “decorative and functional” application field. Domestic enterprises engaged in the production of metal appearance composite materials are mainly concentrated in the Yangtze River Delta, Pearl River Delta, and Bohai Rim industrial clusters. Since its establishment nearly 30 years ago, the company has been rooted in the metal appearance composite industry. It is a high-tech enterprise focused on R&D, production, sales, and application promotion of exterior composite materials, committed to providing comprehensive solutions for home appliances, construction, transportation, and healthcare fields. It is a leading player in the Pearl River Delta region and one of the earliest domestic companies involved in the production of metal appearance composites for home appliances.

The company has established two major production bases in Central China (Wuhu) and South China (Zhuhai). By scientifically planning capacity distribution, relying on advanced production line structures and a complete processing system, and combining proprietary process technologies, the company always focuses on customer needs to build the most comprehensive product system. This system can efficiently respond to small-batch, multi-variety rapid production demands and offers diverse customization solutions, fully meeting customers’ personalized requirements.

In terms of innovation and R&D, the company adheres to the philosophy of “service innovation, material innovation, and market innovation,” building a multi-level, high-level R&D system centered on provincial scientific research platforms and deep integration of industry-university-research collaborations, laying a solid foundation for continuous technological breakthroughs and product upgrades.

At the same time, the company is committed to constructing and continuously optimizing its cost control system. By deepening full lifecycle cost management, systematically identifying cost drivers in internal and external processes and their impact on the final product value, the company optimizes workflows and precisely reduces costs, thereby shaping and consolidating sustainable competitive advantages.

In terms of performance, in the first three quarters of 2025, the company achieved operating revenue of 1.335 billion yuan and a net profit attributable to shareholders of listed companies of 45.82 million yuan.