Dinglong Divests Printing Consumables Business

Hubei Dinglong Co., Ltd. has announced a decisive exit from its printing consumables terminal business, marking the completion of a multi-year strategic shift toward semiconductor materials and high-end innovation sectors.

According to a series of company filings released on April 1, Dinglong is selling controlling stakes in two subsidiaries as part of the divestment. Through its wholly owned unit, Hubei Xinpeng Technology, the company will transfer a 60% stake in Zhuhai Mito-Retech Technology Co., Ltd. and a 15% stake in Speed Infotech Co., Ltd. to external investors. The buyers include Beijing Befon Office Supplies Co., Ltd. and Zinnovation Technology (Suzhou) Co., Ltd.

Following the deals, the two subsidiaries will no longer be consolidated into Dinglong’s financial statements. The company’s remaining stakes will fall to 40% and 44%, respectively, with plans to gradually exit fully within the next one to two years.

The divestment specifically targets Dinglong’s downstream printing consumables operations, including toner cartridges and ink cartridges. However, the company will retain upstream assets such as chip-related operations and color polymer toner technologies under its Hangzhou Qijie Technology unit.

The move reflects a broader transformation already underway. By 2025, semiconductor materials accounted for 57% of Dinglong’s total revenue, driven by strong growth in CMP polishing materials and display-related semiconductor materials.

The selected buyers are expected to support the continued development of the divested businesses. Befon Office Supplies is a well-established office consumables supplier with strong branding and distribution capabilities, while Zinnovation is affiliated with the founding team of the target company and specializes in inkjet printhead development, offering potential synergies across the value chain.

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Dinglong Divests Printing Consumables Business