Jinshi Resources to acquire stake in Noah Fluorochemical for strategic expansion

Jinshi Resources Group Co., Ltd. announced its intent to acquire a 15.7147% equity stake in Zhejiang Noah Fluorochemical Co., Ltd. for a total cash consideration of 256,935,559.85 yuan. This acquisition will make Jinshi Resources the second-largest shareholder in Noah Fluorochemical. The transaction, approved by Jinshi Resources' board on December 19, 2025, is not a related party transaction nor a major asset restructuring.

The acquisition price is based on Noah Fluorochemical's post-investment valuation of 1.635 billion yuan in January 2024 and its equity transfer valuation in September 2025, combined with the company's operating performance in 2025. In the first ten months of 2025, Noah Fluorochemical achieved a revenue of 51,007.43 million yuan and a net profit of 6,413.09 million yuan, representing a 38.64% increase from its full-year 2024 net profit.

This strategic investment aims to leverage Jinshi Resources' upstream fluorite and basic fluorine chemical advantages, extending its reach into high-growth, high-value-added fine fluorine chemicals. The move aligns with Jinshi Resources' "resources + technology" dual-wing strategy, fostering business synergies and enhancing its overall competitiveness in the fluorine chemical industry chain.