Summary of Zhongying Electronics Conference Call Company Overview - Zhongying Electronics aims to become an international semiconductor company by emulating the growth models of American companies, focusing on both organic growth and external mergers and acquisitions [2][5] Strategic Goals - The company has set two main strategic goals for 2023 to address challenges from the US-China tech and trade wars: 1. Organic growth through product depth enhancement and expansion into high-end markets, targeting global operations [4] 2. External mergers and acquisitions to find suitable partners and create a platform for sustainable operations [4] Mergers and Acquisitions - Zhongying Electronics is actively seeking suitable acquisition targets, inspired by the growth patterns of companies like Microchip and TI [5][6] - The company has partnered with Intelligent Power Supply to establish an acquisition platform to overcome challenges faced in previous mergers [10] - The actual control stake of Zhongying Electronics has decreased from 18.5% to approximately 9.2%, with voting rights entrusted to Intelligent Power Supply for 24 months [12] Market Challenges - The company faces subjective barriers in the Chinese capital market, such as resistance from potential acquisition targets and regulatory requirements regarding actual control [7] - Maintaining actual control during acquisitions can lead to complications, including stock pledges that affect daily operations and increase the difficulty of finding suitable capital market platforms [8][9] Financial Performance - In 2025, the company anticipates slight sales growth but faces significant pressure on profitability due to inventory adjustments affecting gross margins [14] - The company expects improvements in gross margin conditions by 2026 [14] Global Market Expansion - Zhongying Electronics is expanding its global footprint, with established bases in Japan and plans for further expansion in Europe and Southeast Asia [17] - The company has initiated production collaborations in various regions, including Japan and Turkey, and is actively seeking talent for operations in India [17] Product Development and Focus Areas - The strategic direction remains centered on chip design, including DMC modules, IGBT, and related technologies such as Power and MOSFET [3][15] - The company is also exploring opportunities in the MCU sector, particularly in high-end applications and AI MCU integration [22] Impact of Tariffs - Tariffs have a minimal impact on the company, with direct business in North America accounting for less than 10% of total operations [16][18] Future Acquisition Plans - Zhongying Electronics is open to acquiring overseas companies, particularly in Europe, while facing challenges in acquiring Japanese firms [19] Automotive Chip Development - The change in controlling shareholders is expected to accelerate the development of automotive chips, with the company focusing on three segments: electronic control, motors, and battery management [20] MCU Development - The company is currently focused on developing battery protection technologies in the automotive MCU sector, with no immediate plans for collaboration between its invested companies [21] Conclusion - Zhongying Electronics is strategically positioning itself for growth through mergers, global expansion, and product innovation while navigating the complexities of the Chinese capital market and international trade dynamics.

Group 1 - The core point of the news is that Zhongying Electronics (300327.SZ), a leading company in the domestic MCU market, is facing a potential change in control as its major shareholder, Weilang International Group, is planning to change the company's control rights [1] - Weilang International currently holds 18.49% of Zhongying Electronics' shares, while the actual controller, Fu Qiming, indirectly holds 14.42% [1] - Zhongying Electronics specializes in the design and sales of integrated circuit products, adopting a fabless business model, and was listed on the A-share market in June 2012 [1] Group 2 - Since its listing, Zhongying Electronics has actively expanded its product offerings, which include industrial MCUs, battery management chips, AMOLED display driver chips, and automotive MCUs [2] - The revenue from industrial MCUs has accounted for nearly 60% of the company's total revenue, while battery management chips contribute around 30% [3] - From 2013 to 2021, Zhongying Electronics experienced continuous growth in both revenue and net profit attributable to shareholders, but since 2022, revenue has stagnated, and net profit has declined for three consecutive years [3] Group 3 - In the first quarter of this year, Zhongying Electronics reported revenue of 319 million yuan, a slight increase of 0.05% year-on-year, while net profit attributable to shareholders was 15.56 million yuan, a decrease of 50.08% year-on-year [3] - Despite the decline in performance, the company's financial condition remains strong, with a debt-to-asset ratio of 19.94% and cash and financial assets totaling 438 million yuan as of the end of the first quarter [3] - The company has distributed a total of 1.107 billion yuan in cash dividends since its listing, with an average dividend payout ratio of 56.19% [4] Group 4 - However, the company's R&D investment has been decreasing in recent years, with 323 million yuan in 2022 and projected investments of 318 million yuan and 300 million yuan for 2023 and 2024, respectively [4] - The R&D investment is still significant, accounting for 22.34% of revenue in 2024 [4] - Fund holdings in Zhongying Electronics have been continuously reduced, with a total of 3.9636 million shares held by funds as of the end of the first quarter, down from 12.7545 million shares by the end of June 2024 [4]

Group 1 - The company Zhongying Electronics announced a significant share transfer agreement, where its controlling shareholder, Weilang International, will transfer 31,718,000 shares and Win Channel will transfer 16,767,396 shares to Zhinen Electric, totaling 48,485,396 shares, which represents 14.20% of the company's total share capital [2] - The share transfer price is set at 25.677 yuan per share, resulting in a total transaction value of approximately 1.245 billion yuan [2] - Following the completion of this transaction, the controlling shareholder of the company will change from Weilang International to Zhinen Electric, and the actual controller will change from Fu Qiming to no actual controller [2] Group 2 - In the fiscal year 2024, Zhongying Electronics reported that its revenue composition was predominantly from integrated circuit design, accounting for 99.88% of total revenue, with other businesses contributing only 0.12% [3]

Group 1 - The core point of the news is that Zhongying Electronics is planning a change of control, with Shanghai Zhineng Industrial Electronics as the acquirer, aiming to enhance its market position and operational capabilities [1][4]. Group 2 - Zhineng Industrial Electronics is a professional semiconductor enterprise group established with government support, focusing on high-end industrial and automotive chip sectors, and has a strong management team with extensive industry experience [2]. Group 3 - Zhongying Electronics, founded in 1994, is a leading domestic MCU company and a significant player in power management chips, with a revenue of 1.343 billion yuan in 2024, and has seen a 7.9% year-on-year growth in its industrial control business [3]. Group 4 - The strategic significance of introducing a controlling shareholder is to help Zhongying Electronics overcome developmental bottlenecks and enhance resource integration capabilities, potentially driving high-quality growth for the company [4].

Group 1 - The core point of the news is the share transfer agreement between the controlling shareholder, Weilang International Group, and Shanghai Zhineng Industrial Electronics, which will result in a change of control for the company [1][2] - Weilang International plans to transfer 31,718,000 shares and Win Channel will transfer 16,767,396 shares, totaling 48,485,396 shares, which represents 14.20% of the company's total share capital [1] - After the transfer, Zhineng Industrial Electronics will hold a total of 79,877,572 shares, accounting for 23.40% of the company's total share capital, and the company will have no actual controller [2] Group 2 - The voting rights of the remaining 31,392,176 shares held by Weilang International, representing 9.20% of the total share capital, will be fully entrusted to Zhineng Industrial Electronics for a period of 24 months [1] - The company's stock will resume trading on June 10, 2025, following the completion of the share transfer and voting rights delegation [2]

Core Viewpoint - Zhongying Electronics (300327.SZ) announced that Zhinen Industrial Electronics will become the controlling shareholder of the company following a share transfer agreement [1] Group 1: Share Transfer Details - Weilang International and Win Channel will transfer a total of 48.4854 million shares, representing 14.20% of the company's total share capital, to Zhinen Industrial Electronics [1] - Weilang International will also delegate voting rights for an additional 31.3922 million shares to Zhinen Industrial Electronics [1] Group 2: Impact on Company Structure - If the share transfer is completed, Zhinen Industrial Electronics will become the controlling shareholder, and the actual controller of the company will change to having no actual controller [1] - The company's stock will resume trading on June 10, 2025 [1]

证券代码：300327 证券简称：中颖电子 公告编号：2025-030 中颖电子股份有限公司 关于控股股东股份协议转让暨控制权拟发生变更的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1、近日中颖电子股份有限公司（以下简称"公司"或"中颖电子"）控股 股东威朗国际集团有限公司（以下简称"威朗国际"）、公司股东Win Channel Ltd.（以下简称"Win Channel"） （以下合称"转让方"）与上海致能工业 电子有限公司（以下简称"致能工电"或"受让方"）签署了《股份转让协 议》(以下简称"转让协议")。威朗国际拟通过协议转让方式向致能工电转让 持有的公司31,718,000股无限售流通股, Win Channel拟通过协议转让方式向致 能工电转让持有的公司16,767,396股无限售流通股,合计48,485,396股无限售流 通股（以下简称"标的股份"），占公司总股本的比例为14.20%，占剔除公司 回购专用账户中股份数后总股本的14.28%（公司回购专用账户中的股份数量为 1,912,435股）；同时，威朗国际拟将所持 ...

中颖电子 简式权益变动报告书 中颖电子股份有限公司 简式权益变动报告书 上市公司名称：中颖电子股份有限公司 股票上市地点：深圳证券交易所 股票简称：中颖电子 股票代码：300327 信息披露义务人名称：威朗国际集团有限公司 股份变动性质：股份减少（协议转让、表决权委托） 住所：RM 405-8 4/F KAI TAK COMMERCIAL BUILDING 317-319 DES VOEUX ROAD CENTRAL HK 通讯地址：RM 405-8 4/F KAI TAK COMMERCIAL BUILDING 317-319 DES VOEUX ROAD CENTRAL HK 权益变动报告书签署日期：2025 年 6 月 1 中颖电子 简式权益变动报告书 信息披露义务人声明 1、信息披露义务人依据《中华人民共和国证券法》、《上市公司收购管理 办法》、《公开发行证券的公司信息披露内容与格式与准则第15号——权益变 动报告书》（以下简称《15号准则》及相关的法律、法规编写本权益变动报告 书。 2、信息披露义务人签署本权益变动报告书已获得必要的授权和批准，其履 行亦不违反信息披露义务人公司章程或者内部规则中的任 ...

中颖电子股份有限公司 详式权益变动报告书 上市公司名称：中颖电子股份有限公司 股票上市地点：深圳证券交易所 股票简称：中颖电子 股票代码：300327 信息披露义务人名称：上海致能工业电子有限公司 住所：上海市杨浦区杨树浦路 1192 号 5 层 通讯地址：上海市杨浦区杨树浦路 1198 号 A 栋 6 层 权益变动性质：增加（协议受让、表决权委托） 签署日期：二〇二五年六月 信息披露义务人声明 一、本报告书系根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则第15号——权 益变动报告书》《公开发行证券的公司信息披露内容与格式准则第16号——上市公司 收购报告书》及其他相关法律、法规、规范性文件编写。 二、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行证券 的公司信息披露内容与格式准则第15号——权益变动报告书》《公开发行证券的公司 信息披露内容与格式准则第16号——上市公司收购报告书》的规定，本报告书已全面 披露了信息披露义务人在中颖电子股份有限公司拥有权益的股份变动情况。截至本报 告书签署日，除本报告书披露的持股信息外， ...

证券代码：300327 证券简称：中颖电子 公告编号：2025-029 中颖电子股份有限公司 关于筹划公司控制权变更进展暨复牌的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、公司股票（股票简称：中颖电子，股票代码：300327）自 2025 年 6 月 10 日（星期二）开市起复牌。 2、本次事项能否最终实施完成及实施结果尚存在不确定性，敬请广大投资 者理性投资，注意投资风险。 一、停牌情况概述 中颖电子股份有限公司（以下简称"公司"）控股股东威朗国际集团有限公 司（以下简称"威朗国际"）正在筹划公司控制权变更相关事宜，交易各方尚未 签署正式协议。为保证公平信息披露，避免公司股价异常波动，维护广大投资者 利益，公司股票（股票简称：中颖电子，股票代码：300327）已于 2025 年 6 月 9 日（星期一）开市起停牌，预计停牌时间不超过 2 个交易日，具体内容详见公 司在中国证监会指定信息披露网站巨潮资讯网（www.cninfo.com.cn）披露的《关 于筹划公司控制权变更事项的停牌公告》（公告编号：2025-028）。 二、进展情况 ...