Exclusive lock on nationally recognized specialized and innovative high-quality assets, Kingkey Smart Agriculture begins a high-growth cycle of technological transformation

Recently, Jingji Zhino (000048) announced that the exclusive period for acquiring control of Jiangsu Huibo Robotics has been extended until March 31, 2026. The announcement clarifies that this extension is based on the progress of due diligence, audit assessments, and other preparatory work, allowing reasonable time to finalize the transaction. The market expects the deal to be completed by March 31 at the latest.

Industry experts point out that extending the exclusive period not only alleviates market concerns over M&A uncertainties but also clearly signals Jingji Zhino’s strategic focus on the tech industry and robotics sector, accelerating its high-tech transformation process.

High certainty of deal completion with exclusive lock-in of a scarce target

For this highly anticipated acquisition, the extension of the exclusive period provides the market with reassurance. During this period, Huibo Robotics and its core shareholders are prohibited from negotiating similar cooperation with third parties. Jingji Zhino’s exclusive lock-in of this intelligent humanoid robot company prevents third-party bidding and competition.

Currently, the robotics sector is highly active, and market sensitivity to M&A uncertainties is high. The proactive extension by both parties confirms strong cooperation intentions and smooth transaction progress, serving as a clear signal of deal certainty.

In terms of risk control, Jingji Zhino initially paid only 30 million yuan as a refundable earnest deposit, avoiding large upfront investments and maintaining high risk controllability. Additionally, the use of a “cash increase + old share transfer + joint action agreement” model ensures a smooth acquisition of control and consolidation of financial statements, further securing transaction certainty.

Positioning in humanoid robot sector with clear performance support

2026 is expected to be the inaugural year for humanoid robot applications. Coupled with the “14th Five-Year Plan” policies supporting digital and intelligent manufacturing transformation, the robotics industry is experiencing dual policy and market benefits, providing long-term growth opportunities for Jingji Zhino’s strategic positioning.

Huibo Robotics, recognized as a national-level specialized and innovative “Little Giant,” possesses a full-stack technology system, over 400 patents, and is deeply linked with top R&D team led by Academician Sun Lining, creating significant technological barriers.

Unlike concept-based companies in the sector, Huibo Robotics has clear technological achievements and performance plans: by 2025, it will release its first-generation wheel-legged dual-arm robot and quadruped robot; by 2026, it plans to launch two humanoid robots. Over the next three years, it aims for an annual performance growth rate of over 30%. Market analysis indicates that these quantifiable indicators support the M&A, and Jingji Zhino’s diverse scenario resources will accelerate commercialization and expansion.

Post-transaction, leveraging Jingji Zhino and its major shareholder, Jiji Group’s extensive experience in commercial, community, and agricultural scenarios, Huibo Robotics’ commercialization speed is expected to significantly accelerate, with potential for performance growth exceeding expectations.

Significant valuation recovery potential; strategic transformation solidifies growth foundation

As the transaction progresses steadily, Jingji Zhino’s valuation logic is set for a systematic overhaul, with expectations for both valuation and performance to rise, becoming a core driver for long-term development.

Data shows the company’s current trailing twelve-month P/E ratio is 24.66x, significantly lower than the 70-80x average for humanoid robots and embodied intelligence sectors in A-shares, indicating substantial valuation recovery space. Industry insiders believe that after deal completion, the company will shed traditional business valuation constraints, transitioning into a high-tech growth stock, potentially triggering a valuation recovery rally.

Strategically, this move is a key step for Jingji Zhino to seize new productivity opportunities and advance high-tech transformation. In the future, both parties will jointly establish a humanoid robot research institute, creating a “R&D-implementation-iteration” positive cycle to support long-term development and strengthen competitive advantages in the sector.

Overall, the extension of the exclusive period short-term alleviates market uncertainty and stabilizes expectations; mid-term, it locks in high-growth targets and consolidates performance foundation; long-term, it positions the company in the trillion-yuan robotics sector and opens growth space, providing comprehensive support for the company’s stock price.