301022, planning an important acquisition—trading is halted starting today! “A-shares welcome the New Third Board” adds another example!

Topic: The market is waiting for a bargain—focus on three layout lines: energy, growth, and policy

Here’s another example of “A-shares acquiring the New Third Board.” Haitai Ke is planning to buy a controlling stake in Xuyu Domain, and trading is suspended starting today.

Haitai Ke (301022) announced on the evening of April 6 that the company is currently planning to acquire control of Qingdao Xuyu Domain (873815), a New Third Board-listed company, through a combination of issuing shares and paying cash, and it also plans to issue shares to raise supporting funds.

Due to uncertainty regarding the relevant matters, Haitai Ke’s shares will be suspended from trading starting when the market opens on April 7. The company expects to disclose the transaction proposal within no more than 10 trading days; the latest deadline for disclosing related information and resuming trading is April 21. If this transaction is terminated, the company commits that from the date the relevant announcements are disclosed, it will not plan any major asset restructuring for at least one month.

The announcement shows that the transaction is still in the planning stage. The initially determined counterpart is Yang Baox and the actual controller of Xuyu Domain, along with all or some of the shareholders of the target company. The transaction is expected not to constitute a related-party transaction, not to constitute a major asset restructuring or a restructuring listing, and will not result in any change in the company’s actual controlling party.

Haitai Ke was established in 2003 and listed on the ChiNext board in 2021. Its main products are injection-molding molds and plastic components, which are currently mainly applied in fields such as the automotive industry. The earnings forecast shows that in 2025 the company is expected to achieve attributable net profit of RMB 51.50 million to RMB 66.80 million, up 226.86% to 323.97%; and it is expected to achieve non-recurring profit and loss excluding net profit of RMB 37.00 million to RMB 48.00 million, up 353.3% to 488.06%.

Regarding the reasons for the change in performance, Haitai Ke said it mainly benefits from the relatively high industry boom and the gradual release of production capacity from the company’s initial public offering funded projects. Orders continue to increase, and the company continuously deepens cost control. In the reporting period, the impact amount of non-recurring profit and loss on the company’s attributable net profit is approximately RMB 18.00 million.

The transaction target of this deal—Xuyu Domain—was established in 2000. It was listed in the Innovation Tier of the New Third Board in September 2022. Its main business is the research, production, and sales of geosynthetic materials. It is a national-level “specialized, refined, distinctive, and innovative” “little giant” enterprise. In 2025, Xuyu Domain achieved operating revenue of RMB 280 million, up 27.8%; and attributable net profit of RMB 43.577 million, up 25.34%. As of the end of 2025, the company’s total assets were RMB 419 million, and net assets were RMB 249 million.

Since 2026, the M&A and restructuring market has continued to heat up. More cases of “A-shares acquiring the New Third Board” have emerged, most of which revolve around industrial-chain synergy. At the beginning of the year, Dabang Lighting disclosed a restructuring plan to acquire 67.48% of the equity in Jiali Shares for RMB 1.454 billion, further expanding its layout in automotive lighting. In March, Yinchun Shares announced it is continuing to advance its acquisition of Shenlan Shares. Based on the 43.22% equity it already holds, it plans to achieve absolute control through measures such as an agreement-based transfer and a private placement, for a consideration of RMB 133 million.

Source: eCompany

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Editor-in-charge: Wang Ke