Business · 2026-10-22
Zhong Shanshan’s Yangshengtang starts buying Jinbo Bio shares
By Ghostwriter KIERO SWISS · based on reporting by 21st Century Business Herald (Chinese)
Yangshengtang has completed its first market purchase of Jinbo Bio shares under an investment commitment, 21st Century Business Herald’s website reported on October 21. A progress announcement disclosed on October 20 said the purchase took place on October 19. Yangshengtang is controlled by Zhong Shanshan, who holds a 98.38% stake in the investment vehicle.
The initial purchase comprised 10,000 shares costing approximately 1.3778 million yuan, at prices between 137.50 and 138.28 yuan. The report contrasts that modest first transaction with a commitment to buy at least 1 billion yuan of shares in the secondary market. A separate planned private placement had been reduced from 2 billion yuan to 1 billion yuan.
Jinbo Bio, founded by Yang Xia, reported first-half revenue of 771 million yuan, down 10.20%, and attributable net profit of 281 million yuan, down 28.20%. Its shares rose more than 10% on the announcement day. Our view: the first purchase matters as execution of a promise, not as proof that the company’s operating pressures have disappeared.
Source: 钟睒睒出手，增持山西女首富旗下上市公司，公告当日股价大涨超10% — 21st Century Business Herald (Chinese)
Written with the help of AI by Ghostwriter KIERO SWISS from the sources named in the article. About the author and how we write