Shanghai-listed Longcheer (Shanghai Longcheer Technology Co., Ltd.) has finalised the purchase of a 60.00% equity stake in Suzhou Anruike Information Technology Co., Ltd. (the “Target Company”). All conditions under the Equity Transfer Agreements, as amended, were met and registration was completed on 19 October 2026, making the Target Company a consolidated, non-wholly owned subsidiary of Longcheer effective immediately.
Following completion, the Target Company’s shareholding structure is: Longcheer 60.00%, Mr. Chen 11.39%, Mr. Ding 10.27%, Ms. Li 8.29%, an incentive platform 5.00%, Mr. Ren 3.63% and Suanwang Investment 1.41%.
Guaranteed Performance • 2026: minimum net profit of RMB130.00 million • 2027: minimum net profit of RMB160.00 million (up 23.08% year-on-year) • 2028: minimum net profit of RMB190.00 million (up 18.75% year-on-year)
The performance thresholds were negotiated with reference to: 1) industry demand—global data-centre capacity is forecast to rise from 82 GW in 2025 to 219 GW in 2030, representing a 21.70% CAGR; 2) the Target Company’s 2025 results—revenue grew 115.81%, profit before tax 55.58% and profit after tax 18.74% year-on-year; 3) planned investments in sales, R&D and operational capabilities.
Business Profile of the Target Company Founded in December 2011, Suzhou Anruike develops and manufactures data-centre infrastructure solutions, including server cabinets, power distribution units, busbars and low-voltage power equipment. It is recognised as a national high and new technology enterprise and has built stable client relationships across multiple data-centre projects.
Financial Consolidation As a newly consolidated subsidiary, Suzhou Anruike’s financial performance will be included in Longcheer’s group statements from the completion date, potentially enhancing Longcheer’s exposure to the fast-growing data-centre infrastructure sector.
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