Jinbei Yanfeng Acquisition Targets 100% Stake in Yanfeng Shenyang

Jinbei Yanfeng Plans Yanfeng Shenyang Acquisition

Jinbei (Shenyang) Automobile Co., Ltd. has announced that its subsidiary, Shenyang Jinbei Yanfeng Automotive Interiors Systems Co., Ltd., plans to participate in the acquisition of a 100% stake in Yanfeng Automotive Trim Systems (Shenyang) Co., Ltd. The stake is being offered by Yanfeng International Automotive Technology Co., Ltd., a subsidiary of Huayu Automotive Systems. The proposed transaction would give Jinbei Yanfeng full ownership of Yanfeng Shenyang if completed, marking a significant ownership change involving an automotive interiors business.

Yanfeng Shenyang Focuses on Automotive Interior Systems

Yanfeng Automotive Trim Systems (Shenyang) Co., Ltd. is primarily engaged in the development, manufacturing, and sales of automotive door panels, instrument panels, interior components, and cockpit systems. Its operations therefore cover several key areas of vehicle interior production and systems integration. The company generated operating revenue of CNY 236,299,500 and net income of CNY 27,905,800 during 2025. From January through May 2026, Yanfeng Shenyang recorded operating income of CNY 123,760,000 and net income of CNY 24,100.

Acquisition Would Change Jinbei's Consolidated Financial Scope

If the transaction is completed, Yanfeng Shenyang will become a wholly owned subsidiary of Jinbei Yanfeng. The company would subsequently be included in Jinbei (Shenyang) Automobile Co., Ltd.'s consolidated financial statements. The proposed acquisition would therefore expand the group structure to include Yanfeng Shenyang's automotive interior development, manufacturing, and sales operations. The announcement does not state that the transaction has already been completed, so the change in ownership and corresponding consolidation remain dependent on successful completion of the proposed acquisition.

Yanfeng Shenyang Financial Performance

The reported financial figures provide a view of Yanfeng Shenyang's operating scale before the proposed ownership change. The company generated more than CNY 236 million in operating revenue during 2025, while its reported net income was approximately CNY 27.9 million. During the first five months of 2026, operating income reached CNY 123.76 million, while net income was CNY 24,100. These figures represent the financial results stated in the acquisition announcement and provide the disclosed basis for evaluating the company's recent operating performance.

Frequently Asked Questions

What is the proposed Jinbei Yanfeng acquisition?
The proposed Jinbei Yanfeng acquisition involves participation in the purchase of a 100% stake in Yanfeng Automotive Trim Systems (Shenyang) Co., Ltd. The stake is being offered by Yanfeng International Automotive Technology Co., Ltd., a subsidiary of Huayu Automotive Systems. Yanfeng Shenyang develops, manufactures, and sells automotive door panels, instrument panels, interior components, and cockpit systems. If completed, the transaction would make Yanfeng Shenyang a wholly owned subsidiary of Jinbei Yanfeng and bring its financial results into Jinbei Automobile's consolidated financial statements.