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Youfa Group acquires Jilin Huaming Pipe Industry, expands Northeast China presence

15 Sep 2025 15:04 reported by Joy Liu

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On September 7, 2025, Youfa Group announced its acquisition of Jilin Huaming Pipe Industry, officially launching its new operations base in Northeast China. The strategic move, approved by Youfa's board this June for CNY 47.4 million, gives the company a 70.96% stake in Jilin Huaming.

Youfa said the acquisition will strengthen its supply chain and optimize resource allocation. The company aims to revitalize the previously unprofitable Jilin Huaming with its management expertise and supply chain, having already reversed losses within two months.

This action is expected to raise Youfa's national welded steel pipe market share to more than 20%. This acquisition is viewed as a key step for the group’s regional expansion strategy.

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