Core Viewpoint - Yingli Co., Ltd. experienced a 6.02% decline in stock price on November 21, with a trading volume of 95.29 million yuan, indicating potential market volatility and investor sentiment shifts [1] Financing Summary - On November 21, Yingli Co., Ltd. had a financing buy amount of 8.10 million yuan and a financing repayment of 7.85 million yuan, resulting in a net financing buy of 0.25 million yuan [1] - The total financing and securities balance reached 166 million yuan, accounting for 4.46% of the circulating market value, which is above the 80th percentile of the past year, indicating a high level of financing activity [1] - The company had no short selling activity on November 21, with a short selling balance of 0.00 shares, also reflecting a high position in the past year [1] Business Performance - As of November 10, the number of shareholders for Yingli Co., Ltd. was 18,400, a decrease of 1.45%, while the average circulating shares per person increased by 1.48% to 11,458 shares [2] - For the period from January to September 2025, the company reported a revenue of 1.63 billion yuan, representing a year-on-year growth of 29.61%, and a net profit attributable to shareholders of 9.77 million yuan, up 58.57% year-on-year [2] Dividend and Shareholding Information - Since its A-share listing, Yingli Co., Ltd. has distributed a total of 77.35 million yuan in dividends, with 24.55 million yuan distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders included the Dazhong Zhongzheng 360 Internet + Index A fund, which held 853,600 shares, a decrease of 82,700 shares compared to the previous period [3]

Core Viewpoint - The company plans to acquire 100% equity of Foshan Zhiqiang Optoelectronics for 66.497 million yuan to enter the supply chain of a North American PC brand [1] Group 1: Acquisition Details - The acquisition will be funded through the company's own or self-raised funds [1] - The agreement has been signed with Zhiyuan International Limited and Foshan Zhiqiang [1] - Post-acquisition, Foshan Zhiqiang will become a wholly-owned subsidiary and included in the company's consolidated financial statements [1] Group 2: Business Background - Foshan Zhiqiang was established in August 2007, focusing on the production of display backlight modules and LCD display module components [1] - The company became a supplier for a North American brand in 2008, primarily providing components for backlight modules and LCD display modules [1] Group 3: Strategic Objectives - The acquisition aims to expand the company's product offerings in PC display module components and enhance technical capabilities [1] - The company seeks to cover all major global PC brands, as the top five brands hold over 80% market share according to IDC [1] - The acquisition will also allow the company to introduce other high-quality clients to Foshan Zhiqiang [1]

Core Viewpoint - The company announced the acquisition of 100% equity in Foshan Zhiqiang Optoelectronics Co., Ltd., a supplier of PC display module structural components, to enhance its position in the AI smart terminal hardware module industry chain and expand its high-end brand customer base [1] Group 1: Investment Details - The company held its 12th meeting of the third board of directors on November 21, 2025, where it approved the proposal for external investment to purchase equity [1] - The acquisition will be funded using 66.497 million yuan of the company's own or raised funds through share transfer [1] - Following the completion of the transaction, the target company will become a wholly-owned subsidiary and will be included in the company's consolidated financial statements [1] Group 2: Strategic Considerations - The acquisition is part of the company's strategic plan to deepen its layout in the AI smart terminal hardware module industry, including structural modules and battery modules [1] - The company aims to complement its existing customer base, which includes major brands like Lenovo, HP, Dell, Xiaomi, and ASUS, by adding high-end brand customers [1]

Core Viewpoint - The company, Yingli Co., plans to acquire 100% equity of Foshan Zhiqiang Optoelectronics for 66.497 million yuan to enter the supply chain of a North American PC brand [2][7]. Group 1: Acquisition Details - Yingli Co. has signed a share acquisition agreement with Zhiyuan International Co., Ltd. and Foshan Zhiqiang, making Foshan Zhiqiang a wholly-owned subsidiary [2]. - The acquisition will be funded through the company's own or self-raised funds [2]. - After the transaction, Foshan Zhiqiang will be included in Yingli Co.'s consolidated financial statements [2]. Group 2: Financial Performance - Foshan Zhiqiang's net profit for the first ten months of this year has already exceeded the total net profit for the entire previous year [3]. - For the period of January to October 2025, Foshan Zhiqiang reported a net profit of 34.975 million yuan, while the total revenue was 55.8929 million yuan [5]. Group 3: Strategic Rationale - The acquisition aims to expand Yingli Co.'s product offerings in PC display module structural components, enhancing the company's technical capabilities and value in the PC industry chain [7]. - IDC data indicates that the top five global PC brands hold over 80% market share, with Lenovo, HP, Dell, and Asus being long-term clients of listed companies [7]. - The acquisition allows Yingli Co. to attempt to penetrate the supply chain of a major North American brand, potentially covering all top five global clients [7].

Core Viewpoint - Yingli Co., Ltd. plans to acquire 100% equity of Foshan Zhiqiang, a supplier of PC display module structural components, to enhance its position in the AI intelligent terminal hardware module industry chain and expand its high-end brand customer base [1][2]. Group 1: Acquisition Details - The acquisition agreement was signed on November 21, with a total investment of 66.497 million yuan to acquire the entire stake in Foshan Zhiqiang [1]. - Following the acquisition, Foshan Zhiqiang will become a wholly-owned subsidiary of Yingli Co., Ltd. and will be included in the company's consolidated financial statements [1]. Group 2: Foshan Zhiqiang's Business Overview - Foshan Zhiqiang specializes in manufacturing electronic components, computer hardware and software, and molds, focusing on the production of display backlight modules and LCD display module structural components [2]. - The company has been a supplier to a major North American brand since 2008, providing critical components such as backplates and spring parts for backlight modules [2]. - Foshan Zhiqiang's projected revenue for 2024 is 108 million yuan, with a net profit of 6.6232 million yuan, and it reported revenue of 55.89 million yuan and net profit of 34.975 million yuan from January to October this year [2]. Group 3: Strategic Implications - The acquisition aligns with national policy directions and aims to strengthen the supply chain and enhance the company's high-quality development [2][3]. - Both Yingli Co., Ltd. and Foshan Zhiqiang are strategically focused on the PC industry, with Yingli being a leading player in the notebook computer structural component sector [3]. - The acquisition will allow Yingli to expand its product offerings in PC display module structural components and improve its technological capabilities within the PC industry chain [3]. - The deal is expected to facilitate resource sharing and mutual benefits, as Yingli can tap into the supply chain of a major North American brand and potentially introduce other quality clients to Foshan Zhiqiang [3].

Group 1: Shareholding Changes - Company Zhaoyi Innovation announced that several directors and senior management personnel plan to reduce their holdings by a total of 249,000 shares, with specific reductions from the vice chairman and general manager, as well as other vice presidents [1] - Company Super Aerospace announced a stock suspension due to its controlling shareholders planning a significant matter that may lead to a change in control [2] - Company Haosai is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [5] Group 2: Major Contracts and Projects - Company Dajin Heavy Industry's wholly-owned subsidiary signed a contract worth approximately 1.339 billion yuan for a European offshore wind farm project, which represents 35.41% of the company's audited revenue for 2024 [3] - Company Ruifeng New Materials plans to increase capital by 200 million yuan in a related party to advance a lithium hexafluorophosphate project [6] Group 3: Regulatory Actions - Company Jushi Chemical received a notice from the CSRC regarding an investigation for suspected violations of information disclosure laws [4] - Company Huosai is also under investigation by the CSRC for similar reasons [5] Group 4: Investment and Acquisitions - Company Gao Neng Environment plans to acquire 45.2% equity in three mining companies [7] - Company Aerospace Electric intends to purchase 32% equity in Shenzhen Aerospace Electric Motor System Co., Ltd. through public bidding [8]

Core Viewpoint - The company, Yingli Co., Ltd. (300956.SZ), is expanding its presence in the AI smart terminal hardware module supply chain by acquiring 100% of the shares of Foshan Zhiqiang Optoelectronics Co., Ltd., a supplier of PC display module structural components for a North American brand [1] Group 1: Acquisition Details - The acquisition agreement was signed on November 21, 2025, between the company, its wholly-owned subsidiary Anhui Zhiqiang Precision Technology Co., Ltd., Zhibin International Co., Ltd., and the target company [1] - The company plans to use 66.497 million yuan of its own or raised funds to acquire the entire equity of the target company [1] - Upon completion of the transaction, the target company will become a wholly-owned subsidiary and will be included in the company's consolidated financial statements [1] Group 2: Target Company Overview - Foshan Zhiqiang specializes in the production and manufacturing of display backlight modules and LCD display module structural components [1] - The target company has been a supplier for a North American brand since 2008, providing key components such as backplates and spring parts for backlight modules [1] - The company has maintained a stable cooperative relationship with the North American brand through continuous supply of critical backplate components during product iterations [1]

Core Viewpoint - The company, Yingli Co., Ltd. (300956.SZ), is expanding its presence in the AI smart terminal hardware module supply chain by acquiring 100% of the shares of Foshan Zhiqiang Optoelectronics Co., Ltd., a supplier of PC display module structural components for a North American brand [1] Group 1: Acquisition Details - The acquisition agreement was signed on November 21, 2025, between the company, its wholly-owned subsidiary Anhui Zhiqiang Precision Technology Co., Ltd., Zhibin International Co., Ltd., and the target company [1] - The company plans to use 66.497 million yuan of its own or raised funds to acquire the 100% equity of the target company [1] - Upon completion of the transaction, the target company will become a wholly-owned subsidiary and will be included in the company's consolidated financial statements [1] Group 2: Target Company Overview - Foshan Zhiqiang specializes in the production and manufacturing of display backlight modules and LCD display module structural components [1] - The target company has been a supplier for a North American brand since 2008, providing key components such as backplates and spring parts for backlight modules [1] - The company has maintained a stable cooperative relationship with the North American brand through continuous supply of critical backplate components during product iterations [1]

审计报告 佛山智强光电有限公司 容诚审字[2025]230Z5226 号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 | 序号 | 内 | 容 | 页码 | | --- | --- | --- | --- | | 1 | 审计报告 | | 1-4 | | 2 | 合并资产负债表 | | 1 | | 3 | 合并利润表 | | 2 | | 4 | 合并现金流量表 | | 3 | | 5 | 合并所有者权益变动表 | | 4 | | 6 | 母公司资产负债表 | | 5 | | 7 | 母公司利润表 | | 6 | | 8 | 母公司现金流量表 | | 7 | | 9 | 母公司所有者权益变动表 | | 8 | | 10 | 财务报表附注 | | 9- 73 | 审 计 报 告 容诚审字[2025]230Z5226 号 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://w ...

Core Viewpoint - The company plans to acquire 100% equity of Foshan Zhiqiang Optoelectronics Co., Ltd. to enter the supply chain of a North American brand in the PC display module sector, using approximately 66.497 million yuan of its own or raised funds [1] Group 1: Acquisition Details - The acquisition agreement was signed on November 21, 2025, between the company, its wholly-owned subsidiary Anhui Zhiqiang Precision Technology Co., Ltd., and Zhibin International Co., Ltd. [1] - The target company, Foshan Zhiqiang, specializes in the production and sales of PC display module structural components and is closely tied to a major North American client [1] Group 2: Strategic Benefits - The acquisition is expected to enhance the company's product offerings in PC display module structural components, strengthen the supply chain, and improve technical capabilities [1] - Both the company and the target company are anticipated to benefit from the cyclical growth in the AIPC (Advanced Intelligent PC) market [1]