Zhejiang Sling Automobile Bearing plans to acquire 24.34% equity of Yin Qiu Technology for 392 million yuan to expand its precision bearing business.

Zhejiang Sling Automobile Bearing (301550.SZ) announced that on November 18, 2025, the company signed a "Share Transfer Agreement between Zhejiang Sling Automobile Bearing Co., Ltd. and Hu Yongpeng, Li Dinghua regarding Nebo YinQiu Technology Co., Ltd." with the shareholders of Ningbo YinQiu Technology Co., Ltd. ("YinQiu Technology"). The company purchased 24.3427% equity of the target company with its own funds or self-raised funds totaling 3.92 billion yuan. The target company's main business is the research, development, production, and sales of precision bearings for micro, small, integrated, and other types. The products are mainly used in household appliances, industrial motors, automotive components, textile machinery, Siasun Robot & Automation, and other fields. The main customer groups include well-known domestic and foreign home appliance manufacturers and industrial motor manufacturers. The company stated that the acquisition of the equity of the target company will help expand the precision bearing business and will promote deep cooperation in important areas such as automotive components and precision bearings for humanoid Siasun Robot & Automation through the synergy of the industry.