# 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.
- Title: China's Zhong Shanshan Buys Jinbo Bio Shares · BigGo Finance
- Summary: 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…
- Keywords: zhong shanshan, yangshengtang, jinbo bio, yang xia, nongfu spring, wantai biological, recombinant humanized type a collagen, weiyimei zhang yiming, guolian minsheng securities, humanized collagen fast database, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/2d52f697-c5a3-4f9c-b722-9d715680cc5a
- Author: BigGo Finance
- Published: 2026-10-22T03:36:06+00:00
- Read time: 1 min
- Topics: zhong shanshan, yangshengtang, jinbo bio, yang xia, nongfu spring, wantai biological, recombinant humanized type a collagen, weiyimei zhang yiming, guolian minsheng securities, humanized collagen fast database, finance, markets
## 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.
## Key takeaway

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.