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Zong Fuli cuts off Wahaha robot business, Jingji Company dissolves and liquidates
On February 24, 2026, Hangzhou Wahaha Precision Machinery Co., Ltd. announced its dissolution, officially entering liquidation procedures. Employee labor contracts will end on February 28. The company is wholly owned by Wahaha Commerce Co., Ltd., with the actual controller being Zong Fuli. It previously engaged in group intelligentization, robotics research and development, and smart equipment manufacturing. It is understood that Wahaha Precision Machinery was established in 2011, with social security personnel numbering 281 in 2023 and 261 in 2024. The reason for the deregistration is decision to dissolve, with Yan Xuefeng, a core executive under Zong Fuli’s Hongsheng Group, serving as the head of the liquidation team. An insider close to Wahaha stated that this move differs from Zong Qinghou’s diversification strategy, as Zong Fuli aims to divest non-core businesses and focus resources on the main food and beverage operations. (Daily Economic News)