# China's Sanxia New Material Surges on Trading Resumption

> Sanxia New Material's shares hit daily limit after major restructuring plan to enter lithium battery sector.
- Title: China's Sanxia New Material Surges on Trading Resumption
- Summary: Sanxia New Material's shares hit daily limit after major restructuring plan to enter lithium battery sector. Sanxia New Material's shares surged to 4.32 yuan…
- Keywords: sanxia new material, zhuhai saiwei, dangyang urban construction investment, lithium battery electrolyte, major asset restructuring, new energy materials, flat glass, finance, markets, China's, Sanxia, Material
- Source: BigGo Finance — https://finance.biggo.com/news/f89dce7d-242a-4bb4-af96-86bc03b57b29
- Author: BigGo Finance
- Published: 2026-10-20T03:35:29+00:00
- Read time: 1 min
- Topics: sanxia new material, zhuhai saiwei, dangyang urban construction investment, lithium battery electrolyte, major asset restructuring, new energy materials, flat glass, finance, markets
## Sanxia New Material resumes trading
Sanxia New Material (600293.SS) resumed trading on October 20 and immediately hit its daily limit.
## 3.58 million lots sealed
Sealed buy orders exceeded 3.58 million lots at the limit-up price during the session.
## Major Asset Restructuring plan
Company disclosed plan to acquire 100% of Zhuhai Saiwei via share issuance and cash payment.
## CNY 1 billion fundraising
Company raised up to CNY 1 billion (approximately $149.7 million) from no more than 35 investors.
## Zhuhai Saiwei's business
Zhuhai Saiwei produces lithium-ion battery electrolyte and new membrane materials.
## Zhuhai Saiwei's financials
Zhuhai Saiwei reported CNY 2.528 billion revenue and CNY 75.0667 million net profit in first eight months of 2026.
## Sanxia New Material's performance
Sanxia New Material's first-half revenue fell 37.35% year-on-year with CNY 80.37 million loss.
## Dual business structure
Deal creates dual-main-business structure of traditional building materials and new energy materials.
## Key takeaway

Sanxia New Material's shares surged to 4.32 yuan per share after resuming trading on October 20 following a major asset restructuring plan to acquire Zhuhai Saiwei, a lithium battery electrolyte producer.