Speed Infotech Divsted from Dinglong

Speed Infotech Divsted from Dinglong

Hubei Dinglong Co., Ltd. has announced the sale of part of its stake in Speed Infotech Co., Ltd., marking a significant step in its strategic shift toward semiconductor materials, while Speed’s founder has issued a public letter outlining an ambitious plan for independence and industry collaboration.

According to an official filing, Dinglong will sell its 15% stake in Speed for RMB 72.75 million (USD10.57 million) to Zinnovation Technology (Suzhou) Co., Ltd. The deal values Speed at approximately RMB 485 million (USD 70.49 million), representing a premium of over 60% compared to its net assets as of February 2026 .

Following the transaction, Dinglong’s shareholding in Speed will drop from 59% to 44%. A consortium consisting of Zinnovation and Speed’s founding shareholders will collectively control 56% of voting rights, resulting in Speed no longer being consolidated into Dinglong’s financial statements .

Dinglong described the move as part of a broader effort to “optimize asset structure”. The divestment reflects a clear pivot away from traditional printer consumables toward higher-growth, higher-margin sectors. While the exit will reduce Dinglong’s reported revenue and profits in the short term, the company expects its semiconductor and lithium battery materials businesses to offset the impact.

“Starting Again After 25 Years”

In a letter addressed to the entire printing industry, Speed founder Benjamin Yang framed the transaction not as a separation, but as a new beginning. “Twenty-five years on, we set out again,” Yang wrote.

He confirmed that its founders will repurchase controlling rights and integrate with two key partners—Zinnovation and Zinno Print—to build a fully self-developed, full-stack inkjet printing solutions provider.

Yang highlighted that the newly integrated platform will focus on mastering the entire inkjet value chain, including printheads, ink cartridges, ink, and printing engines. He noted that the company has already made significant progress, particularly through its microfluidics unit, which has developed capabilities spanning ASIC chips to MEMS processes—placing it among leading domestic players.

The founder also acknowledged mounting challenges facing the sector, including intensifying competition and macroeconomic pressures. He called on industry participants to collaborate more closely in overcoming technological bottlenecks while also crediting leading peers such as Apex and Ninestar for setting benchmarks in innovation.

For Dinglong, the deal sharpens its identity as a semiconductor materials player. For Speed, it opens a path toward independence—and a high-stakes attempt to become a vertically integrated leader in inkjet printing technology.

Related:

• Dinglong Reports Strong Q3 Growth Amid Business Transformation
• Dinglong Forecasts Significant Profit Growth for Q3 2024
• Dinglong Records Robust Growth in First Half of 2024
• Dinglong Forecasts Significant Profit Increase for H1 2024
• Dinglong Announces 2023 Performance Forecast

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