Zhen’an Technology plans to acquire, through cash, no less than 51% of the equity in Shenzhen Sanwei, marking the second step in bolstering its computing power and thermal management capabilities.
Zhen’an Technology (300767.SZ) announced on October 26, 2026, that it plans to acquire, in cash, no less than 51% of the equity interest in Shenzhen Sanwei Mechanical and Electrical Equipment Co., Ltd., a transaction expected to constitute a major asset restructuring. This marks the company’s second acquisition of an affiliated thermal‑control asset within the year; earlier, in March 2026, it had acquired a 51% stake in Dongchuang Jingyi. The deal aims to strengthen its upstream precision‑manufacturing capabilities in the computing‑power thermal‑control value chain. However, the company’s core business continues to shrink, it has posted consecutive losses over the past three years, maintains high leverage, and faces an accounts‑receivable bad‑debt ratio approaching 40%, with the effectiveness of its transformation still pending verification.
Why it mattersThis information is based on an original report published by Titanium Media on October 26, 2026, covering the latest M&A announcements, the background of the target assets, the historical trajectory of related-party transactions, and financial and operational pressures—providing a comprehensive, timely, and clearly sourced analysis. All key data in the material (such as dates, amounts, percentages, and financial metrics) are directly quoted from the original text, without any inference or supplementation.