六个核桃，投了个千亿芯片独角兽

Core Viewpoint - Yangyuan Beverage is attempting to refresh its public perception through a significant investment in Changjiang Storage Technology, indicating a strategic shift towards the semiconductor industry [1][2][10]. Investment Details - Yangyuan Beverage's subsidiary, Quan Hong Investment, has invested 1.6 billion yuan in Changjiang Storage, acquiring a 0.99% stake, valuing Changjiang Storage at approximately 161.6 billion yuan [2][3]. - The investment represents over 90% of Yangyuan Beverage's projected net profit for 2024, highlighting the scale of this cross-industry investment [2][6][10]. Company Background - Yangyuan Beverage, known for its walnut beverage "Six Walnuts," has faced declining revenues and profits since 2016, prompting the need for diversification [9][10]. - The company has a history of investments through its subsidiary, Quan Hong Investment, which has engaged in various sectors, although past investments have not yielded expected high returns [7][9]. Changjiang Storage Overview - Changjiang Storage, established in 2016, is a leading player in the domestic storage chip industry, being the only supplier to commercialize 3D NAND technology in China [2][4]. - The company has a diversified business model, including chip design, manufacturing, and solutions, and has seen its net assets reach 134.736 billion yuan as of September 2024 [5][4]. Market Context - The semiconductor industry is experiencing increased investment activity, with many companies entering the sector through mergers and acquisitions, driven by favorable policies and the growing demand for semiconductor products [11][12]. - The investment by Yangyuan Beverage aligns with a broader trend of companies diversifying into the semiconductor space, which is seen as a sector with significant growth potential [11][12].