Avary Holding boosts automotive electronics, increases credit facilities

Avary Holding (Shenzhen) has announced its Q3 2025 financial results, reporting a 14.34% increase in revenue to CNY 26,855,433,185.29 and a 21.95% rise in net profit attributable to shareholders to CNY 2,407,560,770.48. The company is acquiring and increasing its stake in Wuxi Huayang Technology Co., Ltd. for CNY 356,724,164.00, which will increase its direct ownership to 53.68%. This strategic move aims to enhance its capabilities in automotive electronics and PCB technology.

Avary Holding will inject CNY 500,000,000.00 into its wholly-owned subsidiary, Hongheng Plastic Electronic Technology (Huai'an) Co., Ltd., increasing its registered capital to CNY 1,926,487,130.00 to support daily operations. Additionally, the company has secured new and renewed credit facilities totaling CNY 300,000,000.00, $33,000,000.00, and THB 400,000,000.00 across various banks to support its ongoing business needs.