两日股价巨震，友阿股份跨界并购入局半导体

Core Viewpoint - Youa Co., Ltd. is undergoing significant stock price fluctuations following its announcement of acquiring 100% equity of Shenzhen Shangyangtong Technology Co., Ltd. for 1.58 billion yuan, aiming to pivot from traditional retail to the semiconductor sector [1][2][3]. Group 1: Stock Performance - On May 28, Youa's stock hit the daily limit up within 2 minutes of opening, while on May 29, it opened over 7% higher but closed down 1.82% at 6.47 yuan per share, with a trading range of 10.02% and a turnover rate of 20.70% [1]. Group 2: Acquisition Details - The acquisition of Shangyangtong, which focuses on high-performance semiconductor power devices, is valued at approximately 1.757 billion yuan, with a transaction price of 1.58 billion yuan. Youa plans to raise up to 550 million yuan to cover cash payments and related costs [1][2]. - Notably, the transaction does not include performance commitments, meaning Youa will bear the risks of any underperformance by Shangyangtong without compensation from the sellers [2]. Group 3: Financial Performance of Shangyangtong - Shangyangtong's revenue from 2020 to 2024 was 127 million yuan, 392 million yuan, 736 million yuan, 673 million yuan, and 606 million yuan, respectively, with net profits of -13.11 million yuan, 48.61 million yuan, 139 million yuan, 82.70 million yuan, and 45.67 million yuan. The company peaked in 2022 but has since seen a decline [2]. Group 4: Financial Performance of Youa - Youa's revenue from 2020 to 2024 was 2.329 billion yuan, 2.585 billion yuan, 1.813 billion yuan, 1.342 billion yuan, and 1.297 billion yuan, with net profits of 139 million yuan, 131 million yuan, 33.06 million yuan, 48.62 million yuan, and 28.01 million yuan, indicating significant performance pressure post-2021 [2]. Group 5: Strategic Shift - The acquisition represents Youa's strategic shift to diversify its business into the semiconductor industry, aiming to create a second growth curve. The company has also engaged in strategic partnerships to enhance its capabilities in this new sector [3].