Core Viewpoint - The establishment of a joint venture, Hefei Xindongjin New Materials Technology Co., Ltd., by Hanbo High-tech, Beijing Xinjing Technology Co., Ltd., and Qingdao Chuxin Ruibo Venture Capital Fund, aims to invest in or acquire foreign wet electronic chemical projects in China [1][3]. Group 1: Joint Venture Details - The registered capital of the joint venture is 440 million yuan, with Hanbo High-tech and Beijing Xinjing each contributing 200 million yuan for a 45.4545% stake, while Chuxin Ruibo Fund contributes 40 million yuan for a 9.0910% stake [2]. - The joint venture will not be included in Hanbo High-tech's consolidated financial statements and does not constitute a controlling subsidiary [2]. - The joint venture is expected to enhance Hanbo High-tech's strategic layout and create synergies through collaboration with professional investment institutions and industry partners [3]. Group 2: Strategic Importance - The joint venture will serve as a key platform to enter high-tech, high-growth potential areas, helping to acquire advanced production technologies and quality customer resources [3]. - This initiative is anticipated to strengthen the company's core competitiveness in high-end display and semiconductor materials, optimize cost structures, and improve profitability and capital efficiency [3]. Group 3: Financial Performance - In Q3, Hanbo High-tech reported revenue of 870 million yuan, a year-on-year increase of 33.34%, and a net profit of 17.66 million yuan, marking a return to profitability [5]. - For the first three quarters, the company achieved a revenue of 2.424 billion yuan, up 44.06% year-on-year, although it recorded a net loss of 87.87 million yuan [5].