Longqi Technology to Acquire 80% Stake in Suzhou Anruike for RMB 1.12 Billion
Longqi Technology will acquire 80% of Suzhou Anruike Information Technology for RMB 1.12 billion, entering the data center infrastructure sector. The deal includes a three-year performance commitment requiring Anruike to post net profit of at least RMB 130 million, RMB 160 million and RMB 190 million in 2026-2028, totaling RMB 480 million. Longqi reported first-quarter revenue of RMB 7.564 billion, down 19.35% year on year, and net profit of RMB 15.41 million, down 90%. The company also completed a RMB 540 million acquisition of 60% stakes in Kejuncheng and Jiya Metal in June 2026.
On August 13, 2026, Longqi Technology held the 19th meeting of its fourth board of directors and approved a resolution to acquire 80% of Suzhou Anruike Information Technology Co. , Ltd. for a total of RMB 1.12 billion. The sellers are six shareholders: Ren Liguo, Ding Zhiyong, Chen Bo, Wang Zhonghui, Suzhou Ruiyongying, and Suanwang Investment. The consideration will be funded from the company's own capital. Upon completion, Anruike will become a controlled subsidiary of Longqi Technology and will be consolidated into its financial statements.
Anruike is a supplier of data center infrastructure products and solutions, focusing on the research and development, manufacturing, and system integration of data center infrastructure and key equipment. Its core products include server cabinets, PDUs, busways, and low-voltage distribution equipment. The company has long been active in the data center infrastructure field, having participated in the construction of multiple data center projects and possessing the capability to serve large clients. Longqi Technology stated that this transaction will help the company enter the data center infrastructure sector, expand its business layout, and strengthen its customer resources and service capabilities.
The transaction includes a three-year performance commitment. The committing parties undertake that Anruike's net profit for 2026, 2027, and 2028 will be no less than RMB 130 million, RMB 160 million, and RMB 190 million respectively, with a cumulative total of no less than RMB 480 million over the three years. The agreement also includes performance compensation and excess profit reward clauses. In accordance with regulations, goodwill will not be amortized but will be subject to impairment testing at the end of each fiscal year.
According to Longqi Technology's first-quarter report for 2026, the company recorded operating revenue of RMB 7.564 billion in the first quarter, a year-on-year decrease of 19.35%, and net profit attributable to shareholders of RMB 15.4087 million, a decrease of 90% year on year.
Earlier, on June 12, 2026, Longqi Technology announced that the 60% equity interests in Kejuncheng and Jiya Metal had completed industrial and commercial registration changes, officially becoming controlled subsidiaries. That acquisition was announced on March 30, 2026, with a total transaction amount of RMB 540 million. Kejuncheng is a high-tech enterprise centered on high-precision metal etching technology, involved in the etching processing and related manufacturing of VC vapor chambers and precision metal parts. Its direct customers include thermal module manufacturers such as Qihong Technology, Ruisheng Technology, and Suzhou Tianmai. In the field of metal etching processing for smartphone VC vapor chambers, Kejuncheng is one of the earliest and largest capacity players in China and has become a major metal etching supplier to a key North American customer.