Yingxin Development lists capital increase for Changsha Tongguan Kiln Guofeng Amusement Park
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On October 22, 2026, Yingxin Development announced that its wholly-owned subsidiary Changsha Tongguan Kiln Guofeng Amusement Park plans a public listing for a capital increase and share expansion, with the company waiving its preferential right to subscribe to capital contributions. The capital increase price is based on audited net assets of RMB 1.225 billion as of December 31, 2025; after the capital increase is completed, the target will no longer be included in Yingxin Development's consolidated financial statements, and the company will thereby give up control. A follow-up report on October 23 stated that the capital increase and share expansion is planned to be publicly listed through the Beijing Equity Exchange to introduce an investor with a shareholding ratio of more than 50% and no more than 70%. The listing price is likewise based on audited net assets of RMB 1.225 billion as of December 31, 2025, and after the transaction is completed it will no longer be included in the listed company's consolidated financial statements; in 2025 the scenic area received more than 1.5 million visitors, with operating revenue of approximately RMB 201 million, net profit of -RMB 582 million, and net profit after deducting non-recurring gains and losses of -RMB 668 million. The announcement stated that whether intended transferees can be solicited and the timing of transaction completion remain uncertain. The matter is currently at the listing stage, and subsequent progress is subject to disclosure.
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- Pinchain TourismYingxin Development plans to publicly list and transfer over 50% equity in Changsha Tongguan Kiln
Yingxin Development announced that its wholly-owned subsidiary Changsha Tongguan Kiln Guofeng Amusement Park plans to introduce investors holding more than 50% and no more than 70% of shares through a public listing for capital increase and share expansion on the Beijing Equity Exchange. The listing price is based on audited net assets of 1.225 billion yuan as of December 31, 2025. After the transaction is completed, it will no longer be included in the listed company's consolidated financial statements. In 2025, the scenic area received more than 1.5 million visitors, with operating revenue of approximately 201 million yuan, net profit of -582 million yuan, and net profit after deducting non-recurring gains and losses of -668 million yuan. The announcement stated that whether intended transferees can be solicited and the timing of transaction completion remain uncertain.
- TripVividYingxin Development lists Changsha Tongguan Kiln Guofeng Amusement Park for capital increase and share expansion, relinquishing control
Changsha Tongguan Kiln Guofeng Amusement Park, a wholly-owned subsidiary of Yingxin Development, plans to publicly list for capital increase and share expansion. The company waives its preferential right to subscribe for capital contributions. After the capital increase is completed, the target will no longer be included in the scope of consolidated financial statements. The capital increase price is based on the audited net assets of 1.225 billion yuan as of December 31, 2025.