Core Viewpoint - TCL Technology announced its participation in the bankruptcy reorganization of Shanshan Group and its subsidiary Ningbo Pengze, investing up to 500 million yuan to acquire 43.7 million shares of Shanshan, representing 1.94% of its total share capital [2][3]. Group 1: Investment Details - TCL Technology, through TCL Xiamen Investment, is collaborating with several partners to invest in Shanshan Group's restructuring [2]. - The investment will allow TCL Technology to indirectly hold 1.94% of Shanshan's shares, with voting rights delegated to an investor holding platform [2]. - The total investment from TCL Technology is capped at 500 million yuan [2]. Group 2: Business Overview - Shanshan Group specializes in lithium battery anode materials and polarizers, including the R&D, production, and sales of LCD and OLED polarizers [2]. - For the first half of 2025, Shanshan Group reported revenue of 9.858 billion yuan, an increase of 11.78% year-on-year, and a net profit attributable to shareholders of 207 million yuan, reflecting a significant growth of 1,079.59% [2]. Group 3: Strategic Implications - The investment is expected to strengthen the existing partnership between TCL Technology and Shanshan Group, enhancing supply chain stability and collaboration in upstream material R&D and production [3]. - TCL Technology anticipates that this investment will not significantly impact its financial status [3].
TCL科技入股杉杉股份