From BigGo Finance · BigGo Finance · · 1m 20s
China's Zhong Shanshan Buys Jinbo Bio Shares
Zhong Shanshan's Yangshengtang commits to buying 1 billion yuan of Jinbo Bio shares, teaming up with Shanxi's richest woman.
In brief
Zhong Shanshan's Yangshengtang commits to buying 1 billion yuan of Jinbo Bio shares, teaming up with Shanxi's richest woman. Zhong Shanshan's Yangshengtang will purchase 1 billion yuan of Jinbo Bio shares to support medical collagen development, with Yang Xia as the company's founder. Originally reported by BigGo…
First Purchase Completed
Yangshengtang completed its first purchase of Jinbo Bio shares on Oct. 19.
1 Billion Yuan Commitment
Yangshengtang pledged to buy at least 1 billion yuan (approximately $149.8 million) worth of shares over 18 months.
Shortfall Cash Donation
Any shortfall in the purchase will be covered by a cash donation to Jinbo Bio.
Strategic Partnership
The two sides have pursued a strategic partnership since June 2:2025.
Jinbo Bio's Financials
Jinbo Bio's first-half 2026 revenue was 771 million yuan (approximately $115.5 million), down 10.20% year on year.
Net Profit Decline
Net profit was 281 million yuan (approximately $42.1 million), down 28.20% year on year.
Market Reaction
Jinbo Bio's stock jumped 10.82% in the session after the announcement.
Yangshengtang Ownership
Zhong Shanshan holds an absolute 98.38% stake in Yangshengtang, controlling Nongfu Spring and Wantai Biological.
Yang Xia's Wealth
Yang Xia, known as 'Shanxi's richest woman', has 17 billion yuan (approximately $2.5 billion) in wealth.
The bottom line
Zhong Shanshan's Yangshengtang will purchase 1 billion yuan of Jinbo Bio shares to support medical collagen development, with Yang Xia as the company's founder.
