IKD acquisition target Zoleo exceeds profit expectations

IKD has announced the financial performance of Zoleo (Ningbo) Precision Electromechanical during its transition period, following the acquisition of a 71% stake. The transition period, spanning from January 1, 2025, to September 30, 2025, saw Zoleo achieve a net profit attributable to the parent company of RMB 14,904.81.

This positive outcome indicates that Zoleo generated operational profits during the specified period, meaning the transaction counterparties are not required to provide compensation to IKD. According to the acquisition agreement, any profits generated by Zoleo during this period will be shared by all shareholders based on their respective ownership percentages.

The transition period's profit and loss were audited by Lixin Certified Public Accountants (Special General Partnership), confirming the strong performance. This favorable financial report underscores the successful integration of Zoleo into IKD's portfolio.