Ningbo Jingda (603088) disclosed in its 2026 Q3 report (Oct 29): it will invest RMB 51 million in cash to increase capital in Ningbo Hachi Technology, acquiring a 51% controlling stake (total registered capital of the joint venture: RMB 100 million), officially implementing a full powder metallurgy industry chain layout. The joint venture focuses on forming equipment and component production for multiple process routes including powder metallurgy PM, MIM, SMC, and additive manufacturing (AM). The funds will be used for plant renovation, equipment procurement, and capacity expansion and deep processing within the powder metallurgy industry chain. It targets high-growth sectors such as humanoid robot gears, optical communication components, and copper-based diamond heat dissipation materials, with some products already in the customer sampling stage. As of the date of the Q3 report, the capital increase agreement has been signed, but industrial and commercial registration changes and equity transfer procedures have not yet been completed.