【SMM Aluminum Flash News】Ningbo Fubang Changes Stock Name to Fubang New Materials, Reflecting Shift in Business Focus

Published: Aug 18, 2026 16:26

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Ningbo Fubang announced on the evening of August 12 that, upon application and approval from the Shanghai Stock Exchange, the company's stock abbreviation will be changed from "Ningbo Fubang" to "Fubang New Materials" starting August 18, 2026, while the stock code "600768" will remain unchanged. The company completed the industrial and commercial registration change procedures on August 12, 2026, and its full name has been changed to "Ningbo Fubang High-Tech Materials Co., Ltd." Following the acquisition of a 55% stake in Ningbo Electrical Alloy Co., Ltd. through a major asset restructuring in December 2024, Ningbo Electrical Alloy Co., Ltd. has become a controlling subsidiary of the listed company. The company's main business has now changed from aluminum processing to the production and sales of electrical contact products and materials (the core raw materials for electrical contact products and materials are mainly silver and silver alloys). In 2025, the company's revenue from electrical contact products and materials accounted for 70% of its total revenue, becoming a core driver of the company's performance growth and one of the important directions for future strategic development. To align the company name with the current industrial operating landscape and development strategy, match the direction of optimizing the main business structure and industrial layout planning, and guide the market and investors to fully understand the company's core value, the company has changed its stock abbreviation from "Ningbo Fubang" to "Fubang New Materials".

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