On the evening of October 11, Dongbai Group announced that its wholly-owned subsidiary Dongbaichuangzhi plans to acquire 52.6667% of Hangzhou Kuailing Optoelectronics Technology Co., Ltd., with a provisional share transfer consideration of 316 million yuan. As a chip company with losses and annual revenue of less than 40 million yuan, Kuailing Optoelectronics has now received a valuation of more than 600 million yuan. The reporter noticed that Dongbai Group only disclosed data for the past year, so it is difficult to see changes in Kuailing Optoelectronics's revenue from the announcement. However, in an in-depth investigation, the reporter found that Kuailing Optoelectronics's revenue fell by more than 30% in 2025. Furthermore, judicial information shows that the target company currently has a competition restriction dispute, and this matter is not reflected in the documents disclosed by Dongbai Group to the outside world.

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