Analysis of Jinfu Technology (003018)'s Strong Stock Price Performance Driven by Cross-Industry Acquisition

This analysis is based on tushare_strong_pool data. Jinfu Technology (003018) recently entered the strong stock pool due to planning to acquire a controlling stake in Lanyuan Technology [1][2]. The company’s performance in the first three quarters is under pressure, but acquisition expectations have driven active stock prices, while the light industry manufacturing sector benefits from industrial upgrading trends [6][7].

Jinfu Technology announced on November 23, 2025, its plan to acquire no less than 51% equity of Lanyuan Technology in cash. This news is the core driver of the strong stock price performance [1][2]. Although the company’s revenue in the first three quarters of 2025 decreased by 9.12% year-on-year and net profit attributable to parent company decreased by 19.45% [1], investors are optimistic about the “second growth curve” brought by the acquisition, driving the stock price to hit the daily limit multiple times [3][4].

The light industry manufacturing sector presents structural opportunities in 2025, driven by both consumption upgrading and intelligent manufacturing transformation [5]. Although the profits of national industrial enterprises decreased in October [7], the profits of the equipment manufacturing industry in the first ten months increased by 7.8% year-on-year [6], providing support for the upstream of the light industry manufacturing sector. Companies in the sector such as Annie Shares and Mengtian Home Furnishings have strengthened simultaneously, indicating an increase in the overall activity of the sector [5].

1. Strategic Transformation Signal
   : Acquiring Lanyuan Technology is an important measure for Jinfu Technology to respond to the current performance decline, reflecting the company’s determination to seek external expansion [2].
2. Obvious Sector Differentiation
   : The strong performance of the light industry manufacturing sector against the backdrop of overall industrial profit pressure highlights structural opportunities in the fields of consumption upgrading and intelligent manufacturing [6][7].
3. Market Sentiment Driven
   : The stock price rise is mainly driven by acquisition expectations rather than current fundamental improvements; follow-up acquisition progress needs to be monitored [1][3].

• Acquisition Uncertainty
  : The transaction is still in the planning stage, and there is a risk of negotiation failure or terms not meeting expectations [1].
• Continued Performance Pressure
  : If the current business decline trend continues, it may affect the company’s cash flow and acquisition capacity [1].
• Market Volatility Risk
  : The A-share market as a whole rose sharply and then fell back, and market sentiment is uncertain [5].

• Second Growth Curve
  : If the acquisition is successful, Lanyuan Technology is expected to bring new growth points and business synergy to the company [2].
• Industry Policy Dividends
  : The light industry manufacturing sector benefits from consumption recovery policies and intelligent manufacturing transformation, with broad long-term development space [6].
• Sector Linkage Effect
  : Companies in the sector have strengthened simultaneously, which may bring sustained capital attention [4][5].

Jinfu Technology’s recent strong stock price performance is mainly driven by cross-industry acquisition news, reflecting the market’s expectation for the company’s strategic transformation. Although the current performance is under pressure, the structural opportunities in the light industry manufacturing sector and the upstream support from the equipment manufacturing industry provide a favorable industry environment for the company. Investors need to closely monitor the acquisition progress and subsequent performance improvement, while paying attention to the risks brought by market volatility and transaction uncertainty.