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Zhejiang Wanfeng Auto Wheel to Sell Metal Coating Unit for 500 Million Yuan

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Zhejiang Wanfeng Auto Wheel Co (SHE:002085) agreed to sell its wholly-owned subsidiary Shanghai Dacromet Coating Industry for 500 million yuan to Dakema Materials Technology Hangzhou.

The move aims to sharpen focus on the company's core lightweight automotive parts and aircraft manufacturing businesses while reducing its asset-liability ratio, according to a Tuesday filing with the Shenzhen bourse.

Shanghai Dacromet Coating Industry, which specializes in metal coating, was appraised at 528 million yuan as of September 2025. The transaction price was adjusted following a 25-million-yuan dividend distribution.

The sale is expected to reduce 2026 net profit by 16.8 million yuan.

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