HISUN(SH:600267) Xin Lang Cai Jing·2026-01-12 12:28Core Viewpoint - A strategic partnership has been established between Hai Zheng Animal Health and Zhongyu Pet Food to jointly create a pet food enterprise in Taizhou, Zhejiang, focusing on technology collaboration, standardized production, and resource sharing [4][11]. Group 1: Partnership Details - The two companies plan to establish a joint venture named Zhejiang Hai Zheng Zhongyu Animal Nutrition Technology Co., Ltd., with a registered capital of 50 million yuan [5][12]. - Hai Zheng will contribute 30 million yuan for a 60% stake, while Zhongyu will invest 20 million yuan for a 40% stake [6][12]. - Hai Zheng will also contribute its 100% equity in Hai Zheng Nutrition Technology, valued at approximately 9.93 million yuan, along with an additional cash investment of 2.01 million yuan [6][13]. Group 2: Investment and Financing - The total expected investment for the construction project is over 230 million yuan, with an approved investment amount of 204.26 million yuan [7][14]. - Of the total investment, 100 million yuan will be contributed by shareholders, while the remaining amount will be supplemented by commercial loans [7][14]. - The joint venture may increase its capital contributions based on project progress, with both companies expected to contribute according to their respective ownership stakes [7][14].