Ningbo Tuopu Group (SHA:601689) expects to sign deals totaling about 351.3 million yuan with related parties in 2026, according to a Shanghai Stock Exchange filing over the weekend.
The 2026 forecast represents a 23.5% increase from the actual 284.6 million yuan in related-party transactions recorded in 2025.
The largest single allocation for the 2026 budget is 130 million yuan for equipment procurement from Ningbo Gaoyue Intelligent Technology, a company indirectly owned by Tuopu Group's chairman and actual controller, Wu Jianshu.
The auto parts manufacturer's shares fell more than 3% in recent trade.
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