New Beiyang Says It Has No Plan to Sell Zhengqi Robot

New Beiyang (002376.SZ) said at its third-quarter 2026 results briefing on November 6 that Zhengqi Robot is a controlled subsidiary and an important part of its logistics automation business. The company currently has no plan to sell Zhengqi Robot.

The statement, reported by Gelonghui, appears to address potential market speculation about the unit's ownership. New Beiyang did not disclose further details on Zhengqi Robot's operations or financial contribution. The clarification underscores the company's continued commitment to logistics automation as a strategic segment. Zhengqi Robot remains consolidated under New Beiyang, and no transaction involving the subsidiary is under consideration based on the company's remarks. The subsidiary is positioned within New Beiyang's broader push into automated logistics solutions. New Beiyang's comments were made during an investor briefing focused on its third-quarter performance and business outlook. The company did not announce any divestiture timetable.