TECHSEM(SZ:300046) Mei Ri Jing Ji Xin Wen·2025-06-20 10:51Core Viewpoint - The control of Taiji Co., Ltd. (300046.SZ) is set to change as its actual controller, Xing Yan, transfers a 32.0369% stake in its controlling shareholder, Xiangyang Xinyi Yuan Semiconductor Co., Ltd., to Changjiang Industrial Investment Group, which is wholly owned by the Hubei Provincial State-owned Assets Supervision and Administration Commission [1][2][3] Group 1 - The transfer price for the 32.0369% stake in Xinyi Yuan is approximately 430 million yuan [2] - After the completion of this equity change, Changjiang Industrial Group will control 26.32% of Taiji's voting rights, becoming its indirect controlling shareholder [3] - Taiji's performance has not shown significant improvement in recent years, particularly after a failed venture into the film industry [1][4] Group 2 - Taiji's revenue has remained around 300 million yuan since 2020, with its financial performance heavily influenced by investment income and fair value changes [4][5] - The company's investment income is projected to decline from 9.6694 million yuan in 2023 to -16.3376 million yuan in 2024, while operating profit is expected to decrease from 39.7586 million yuan in 2023 to 27.0036 million yuan in 2024 [5] - The progress of Taiji's fundraising projects has been slow, with only 44.84% and 9.34% completion rates for two key projects as of the end of 2024 [5]