A $672 million deal grabs 53% equity—by 2026, they’re aiming to deliver $120 million in profit. This “performance bet” has got some real substance.

Youfa Group plans to acquire a 53% stake in Cangzhou Longtai Di Pipeline Technology Co., Ltd. for 672 million yuan in cash, with the counterparty being the original shareholder. This is neither an associated transaction nor a major asset restructuring. The target company commits that its net profit in 2026 will not be less than 120 million yuan, and the cumulative net profit from 2026 to 2028 will not be less than 450 million yuan. Longtai Di specializes in dual-metal composite steel pipes and other fields, holding national-level "E Little Giant" and provincial-level champion qualifications, as well as green factory, special equipment manufacturing, and import-export qualifications, with over ten years of industry experience.