en.Wedoany.com Reported - Shengxun Shares plans to acquire a 51% stake in Zhongke Ruize for 251 million yuan in cash, with a transaction valuation of 492 million yuan.
Beijing Shengxun Electronics Co., Ltd. (Shengxun Shares) announced on June 1, 2026, that it plans to acquire a 51% stake in Wuhan Zhongke Ruize Optoelectronics Technology Co., Ltd. (Zhongke Ruize) for 251 million yuan in cash, with a transaction valuation of 492 million yuan. Zhongke Ruize is a manufacturer of specialized optical devices for fiber optic sensing, focusing on device research and development in areas such as fiber lasers and gyro inertial navigation. It has three subsidiaries: Wuhan Feilian Optoelectronics, Shandong Ruifeng Optoelectronics, and Xi'an Femtosecond Fiber. Its product portfolio covers three major categories: passive optical devices, active optical devices, and optoelectronic modules, widely used in defense and military fields such as inertial navigation gyroscopes, fiber optic hydrophones, and laser velocimeters. At the same time, Zhongke Ruize is also promoting the transformation of technological achievements into civilian applications, expanding its products to application scenarios such as ultrafast lasers, wind lidar, and fiber optic sensing measurement.
Zhongke Ruize has established joint laboratories with institutions including Beijing University of Posts and Telecommunications, East China Normal University, and the Shenzhen Institute of Advanced Light Source. Its average annual R&D investment exceeds 20% of its operating revenue, and it holds over 110 various patents (including 34 invention patents). In early March this year, the company obtained a 10 million yuan pure credit loan based on its "knowledge value" rating, and has completed a total of 8 rounds of financing to date.
Financial data shows that Zhongke Ruize's revenue for 2024 and 2025 was 91.4939 million yuan and 105 million yuan, respectively, with net profit attributable to the parent company of -23.1372 million yuan and 2.7653 million yuan, respectively. As of the end of 2025, the company's total assets were 295 million yuan, and net assets were 172 million yuan. The acquisition agreement includes performance commitment clauses: Zhongke Ruize's non-recurring net profit attributable to the parent company for 2026, 2027, and 2028 shall be no less than 28 million yuan, 42 million yuan, and 53 million yuan, respectively, with a cumulative non-recurring net profit over three years totaling no less than 123 million yuan. From the 2.7653 million yuan in 2025 to the target of 53 million yuan in 2028, this implies that Zhongke Ruize's average annual growth rate needs to reach approximately 181%. If the cumulative net profit exceeds 123 million yuan, Shengxun Shares will distribute 40% of the excess as a reward to key personnel.
Shengxun Shares is a provider of intelligent security solutions and urban safety operation services. It was listed on the A-share market in 2020, with main businesses including rail transit security and low-altitude drone defense systems. This acquisition will help Shengxun Shares enter the specialized optoelectronics track, with both parties planning to deepen cooperation in fields such as military and automotive electronics. Shengxun Shares itself faces significant financial pressure, with net profits in 2024, 2025, and the first quarter of 2026 all in a loss state. Total operating revenue from 2023 to 2025 was approximately 280 million yuan, 302 million yuan, and 376 million yuan, respectively, with corresponding net profit attributable to the parent company of approximately 25.0674 million yuan, -51.1957 million yuan, and -11.6204 million yuan. The company just had its special treatment (ST) status removed on May 20 this year. The announcement mentioned that the acquisition funds come from the company's own funds and self-raised funds. As of the end of the first quarter of 2026, the company had 131 million yuan in cash on its books, along with 103 million yuan in short-term borrowings. After the transaction is completed, Zhongke Ruize will become a controlled subsidiary of Shengxun Shares.
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