Core Viewpoint - The article discusses the significant asset restructuring plan of Shikong Technology, which aims to acquire a controlling stake in Shenzhen Jiahe Jingwei Electronics Technology Co., Ltd. through a combination of share issuance and cash payment, while not changing the actual controller of the company [5][7]. Group 1: Company Overview - Shikong Technology's main business includes lighting engineering system integration, cultural tourism night tour innovation development, and smart city projects, covering areas such as landscape lighting, cultural tourism night tours, smart streetlights, and smart parking operations [7]. - In the first half of 2025, Shikong Technology reported revenue of 144 million yuan, a decrease of 10.95% year-on-year, and a net loss attributable to shareholders of 66.27 million yuan [7]. Group 2: Financial Challenges - The company faces increasing competition in the landscape lighting industry, leading to compressed profit margins [7]. - As of June 30, 2025, Shikong Technology's accounts receivable exceeded 400 million yuan, indicating worsening issues with overdue payments [7]. Group 3: Recent Developments - On July 25, 2025, Shikong Technology announced that its controlling shareholder was planning a significant matter that could lead to a change in control, but this was later terminated due to failure to reach agreement on key terms [7]. - The current acquisition target, Jiahe Jingwei, established in 2012, focuses on storage products and related applications, providing various types of storage solutions for multiple technology sectors [8]. Group 4: Acquisition Details - The acquisition is still in the planning stage, with the initial identified counterparties holding a combined 50.19% stake in Jiahe Jingwei [8][9]. - Shikong Technology has signed a letter of intent for acquisition, intending to purchase the controlling stake through share issuance and cash payment, with the final price determined by an evaluation report from a qualified assessment agency [9]. Group 5: Market Performance - Prior to the suspension of trading, Shikong Technology's stock price hit the daily limit, closing at 35.83 yuan per share, which corresponds to a total market capitalization of 3.55 billion yuan [9].

Core Viewpoint - The company Shikong Technology plans to acquire a controlling stake in storage company Jiahe Jingwei through a combination of share issuance and cash payment, marking a significant asset restructuring without changing the actual controller of the company [2][5]. Company Summary - Shikong Technology has identified its transaction counterparties as Zhang Lili and Chen Hui, who are the actual controllers of Jiahe Jingwei, holding a combined 50.19% stake in the company [5][6]. - As of September 30, Shikong Technology's stock price was 35.83 yuan per share, with a total market capitalization of 3.55 billion yuan [5]. - The company has been on a trading suspension since October 9, with an expected duration of no more than five trading days [5]. Industry Summary - Jiahe Jingwei, established in 2012, specializes in the design, research, production, and sales of DRAM and NAND Flash memory, and is recognized as a national high-tech enterprise [6]. - The company has over 20,000 square meters of production facilities and a daily testing capacity of 500,000 chips, with a memory module production capacity of 30,000 units per day [7]. - The storage industry is currently viewed positively, with global memory chip prices rising and predictions of a "super cycle" in the storage chip sector driven by AI demand [9]. - The global storage market is projected to reach a record high of $193.2 billion by the second half of 2025, fueled by strong demand for AI-related storage applications [9].

Core Viewpoint - The acquisition of Shenzhen Jiahe Jingwei Electronics Technology Co., Ltd. by Shikong Technology marks a significant strategic transformation for the company, aiming to establish a "second growth curve" in the booming semiconductor storage sector after years of poor performance in its main business of smart lighting engineering [1][2]. Group 1: Company Overview - Shikong Technology (605178.SH) is primarily engaged in smart lighting engineering and has faced continuous losses from 2021 to 2024, with a reported loss of 66.27 million yuan in the first half of 2025 [2]. - The company is seeking to acquire a controlling stake in Jiahe Jingwei through a combination of share issuance and cash payment, which is expected to constitute a major asset restructuring [1][2]. Group 2: Acquisition Details - Jiahe Jingwei, established in 2012, is recognized as one of the largest memory module manufacturers in China and has achieved significant milestones, including the mass production of the first "Chinese chip" memory bar in 2020 and DDR5 memory modules in 2021 [1][2]. - The acquisition is anticipated to provide Shikong Technology with a mature business entity that possesses comprehensive capabilities across research, production, and sales, allowing the company to enter the high-demand storage chip market [2]. Group 3: Market Context - The demand for storage is expected to surge due to the ongoing AI wave, with analysts predicting a structural supply-demand imbalance in the DRAM and NAND markets that could last for up to 10 years, potentially leading to multiple double-digit price increases in the coming quarters [2]. - Jiahe Jingwei is actively expanding, with a recent investment of 300 million yuan in a technology park project, which may enhance the future value of the acquisition [2].

Core Viewpoint - Time Space Technology plans to acquire a controlling stake in Jiahe Jingwei, a storage company, through a combination of share issuance and cash payment, marking a significant asset restructuring without changing the actual controller of the company [2][5]. Company Summary - Time Space Technology has identified Zhang Lili and Chen Hui, who are the actual controllers of Jiahe Jingwei, as the primary counterparties for the transaction [5]. - As of September 30, Time Space Technology's stock price was 35.83 yuan per share, with a total market capitalization of 3.55 billion yuan [5]. - The company has suspended trading of its shares since October 9, with an expected suspension period of no more than five trading days [5]. - Prior to this acquisition announcement, Time Space Technology's actual controller had been planning a change in company control, which was later terminated due to a failure to reach agreement on core terms [7]. Industry Summary - Jiahe Jingwei, established in 2012, has completed five rounds of financing and holds a 50.19% stake controlled by Zhang Lili and Chen Hui [7]. - The company specializes in the design, research, production, and sales of DRAM and NAND Flash memory, providing various storage solutions and is recognized as a national high-tech enterprise [7]. - Jiahe Jingwei has over 20,000 square meters of production facilities and significant testing and production capacity, including 5,000 memory module testing machines and a daily chip testing capacity of 500,000 [8]. - The storage industry is currently viewed positively, with global memory chip prices rising and predictions of a "super cycle" in the storage chip industry driven by AI demand [12]. - The global storage market is projected to reach a record high of $193.2 billion by the second half of 2025, fueled by strong demand for AI-related storage applications [12].

Core Viewpoint - Company is planning to acquire a controlling stake in Shenzhen Jiahe Jingwei Electronics Technology Co., Ltd. through a combination of share issuance and cash payment, which is expected to constitute a major asset restructuring without changing the actual controller of the company [1][3]. Group 1: Company Overview - Company, Shikong Technology, specializes in lighting engineering system integration, cultural tourism night tour innovation development, and smart city solutions, covering areas such as landscape lighting, cultural tourism night tours, smart streetlights, and smart parking operations [3]. - In the first half of 2025, the company reported revenue of 144 million yuan, a decrease of 10.95% year-on-year, and a net profit attributable to shareholders of -66.27 million yuan [3]. - As of June 30, 2025, the company's accounts receivable exceeded 400 million yuan, indicating increasing issues with overdue payments [3]. Group 2: Acquisition Details - The acquisition target, Jiahe Jingwei, established in 2012, focuses on storage products and related applications, providing consumer-grade, industrial-grade, and automotive-grade storage solutions [3][4]. - Jiahe Jingwei has expanded its business scope to include manufacturing of smart vehicle equipment, information security devices, and various types of robots as of the end of 2024 [4]. - The company has signed a letter of intent for acquisition with the controlling shareholders, Zhang Lili and Chen Hui, who together hold a combined stake of 50.19% in Jiahe Jingwei [5]. Group 3: Market Performance - On the last trading day before the suspension, September 30, the company's stock price hit the daily limit, closing at 35.83 yuan per share, which corresponds to a total market capitalization of 3.55 billion yuan [5].

Core Viewpoint - The company, Shikong Technology (605178.SH), is planning to acquire a controlling stake in Shenzhen Jiahe Jingwei Electronic Technology Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a major asset restructuring as per regulations [1] Group 1: Transaction Details - The transaction is in the planning stage and carries uncertainties [1] - The company will issue shares to raise matching funds for the acquisition [1] - The transaction will not result in a change of the company's actual controller and does not constitute a restructuring listing [1] Group 2: Stock Suspension - To ensure fair information disclosure and protect investor interests, the company's stock was suspended from trading starting October 9, 2025, and will continue to be suspended on October 10, 2025 [1] - The expected duration of the stock suspension is no more than five trading days [1]

中国经济网北京10月9日讯 时空科技（605178.SH）今晚发布关于筹划发行股份及支付现金购买资 产并募集配套资金事项的停牌公告。 时空科技正在筹划以发行股份及支付现金的方式购买深圳市嘉合劲威电子科技有限公司（以下简 称"嘉合劲威"、"标的公司"）的控股权，同时拟发行股份募集配套资金（以下简称"本次交易"）。经初步 测算，本次交易预计构成《上市公司重大资产重组管理办法》规定的重大资产重组。本次交易不会导致 公司实际控制人的变更，不构成重组上市。 鉴于本次交易尚处于筹划阶段，尚存在不确定性，为保证公平信息披露、维护投资者利益，避免对 公司股价异常波动，根据上海证券交易所的相关规定，经公司申请，公司股票（证券简称：时空科技， 证券代码：605178）已于2025 年10月 9 日（星期四）开市起停牌，2025 年 10 月 10 日（星期五）将 继续停牌，预计停牌时间不超过 5 个交易日。 本次交易事项尚处于筹划阶段，初步确定的交易对手方为张丽丽、陈晖及其控制的深圳普沃创达管 理咨询合伙企业（有限合伙）、深圳东珵管理咨询合伙企业（有限合伙）。张丽丽与陈晖系夫妻关系， 二人为标的公司实际控制人。本次交易对方的范围 ...

鉴于本次交易尚处于筹划阶段，尚存在不确定性，为保证公平信息披露、维护投资者利益，避免对公司 股价异常波动，根据上海证券交易所的相关规定，经公司申请，公司股票已于2025年10月9日(星期四) 开市起停牌，2025年10月10日(星期五)将继续停牌，预计停牌时间不超过5个交易日。 智通财经APP讯，时空科技(605178.SH)发布公告，公司正在筹划以发行股份及支付现金的方式购买深 圳市嘉合劲威电子科技有限公司(简称"嘉合劲威"、"标的公司")的控股权，同时拟发行股份募集配套资 金。经初步测算，本次交易预计构成《上市公司重大资产重组管理办法》规定的重大资产重组。本次交 易不会导致公司实际控制人的变更，不构成重组上市。 ...

Mergers and Acquisitions - Suochen Technology's wholly-owned subsidiary plans to acquire 55% equity of Kunyu Lancheng for 74.25 million yuan, which will be included in the consolidated financial statements after the transaction [1] - Xingye Technology's subsidiary intends to purchase the furniture leather project department of Fujian Guanxing Leather for 76.1086 million yuan (including tax) [2] - Wan'an Technology plans to publicly acquire the remaining 40% equity of Fuao Wan'an at a base price of 26.222 million yuan, aiming for 100% ownership post-transaction [3] - Shikong Technology is planning to acquire the controlling stake of Shenzhen Jiahe Jingwei Electronic Technology through a combination of share issuance and cash payment, while also raising supporting funds [4] Earnings Disclosure - Guangdong Mingzhu expects a net profit attributable to shareholders of 215 million to 263 million yuan for the first three quarters of 2025, representing a year-on-year growth of 858.45% to 1071.44% [5] - Yangjie Technology anticipates a net profit attributable to shareholders of 937 million to 1.004 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 40% to 50% due to growth in the semiconductor industry [6] - Jinli Permanent Magnet forecasts a net profit attributable to shareholders of 505 million to 550 million yuan for the first three quarters of 2025, indicating a year-on-year growth of 157% to 179% [7] Shareholding Changes - Bull Group's actual controller, Ruan Xueping, plans to reduce his holdings by up to 36.1718 million shares, not exceeding 2% of the total share capital, for personal financial needs [8] - Honglida's general manager and deputy general manager plan to collectively reduce their holdings by up to 1.39% of the company's shares [9] - Qisheng Technology's controlling shareholder and management plan to reduce their holdings by up to 3.09% of the company's shares [10] - Qiaoyin Co., Ltd.'s controlling shareholder and a significant shareholder plan to reduce their holdings by a total of up to 6% of the company's shares through various trading methods [11]

Core Viewpoint - The company, Shikong Technology, is planning to acquire a controlling stake in Shenzhen Jiahe Jingwei Electronic Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds through share issuance [1] Group 1: Company Actions - Shikong Technology announced the suspension of its stock trading starting from October 9, with an expected suspension period not exceeding five trading days [1] - The acquisition is expected to be classified as a major asset restructuring according to the regulations of the Major Asset Restructuring Management Measures for Listed Companies [1] Group 2: Target Company Profile - Shenzhen Jiahe Jingwei specializes in the design, research and development, production, and sales of DRAM and NAND Flash memory, offering various storage solutions for consumer, industrial, and enterprise applications [1] Group 3: Transaction Details - The transaction will not result in a change of actual control for Shikong Technology and will not constitute a restructuring listing [1]