Zhongji Innolight advances acquisition of Chongqing Junge Electronics

Zhongji Innolight's subsidiary is acquiring additional RMB 3.7m registered capital in Chongqing Junge Electronics from seven shareholders for RMB 25.7m.

This follows the initial acquisition of 62.45% equity in July 2023. Junge Electronics' 2024 net profit reached RMB 299m, exceeding 80% of its performance target. The company's total shareholder equity was valued at RMB 6.85bn as of December 31, 2024.