GRIAM(SH:600206) Zheng Quan Zhi Xing·2025-06-24 16:50Overview - The company, Youyan New Materials Co., Ltd., is planning to introduce strategic investors for its wholly-owned subsidiary, Youyan Yijin, to enhance its leadership in the domestic target material industry and build a world-class materials enterprise [1][3]. Financing Details - Youyan Yijin will conduct a capital increase based on a net asset value of RMB 4,994,265,800 as of September 30, 2024 [1][4]. - The second phase fund will subscribe to a registered capital of RMB 50,818,280.44, accounting for 5.67% of the post-increase registered capital of Youyan Yijin, with a total investment amount of RMB 300,000,000 [1][5]. - The company will relinquish its preferential subscription rights, resulting in its ownership stake in Youyan Yijin decreasing from 100% to 94.33%, while still maintaining control over the subsidiary [1][6]. Financial Performance - As of December 31, 2024, Youyan Yijin's total assets were RMB 244,084,960, with total liabilities of RMB 48,241,430, leading to a net asset value of RMB 195,843,530 [4]. - For the first quarter of 2025, the company reported a revenue of RMB 137,125,170 and a net profit of RMB 7,917,850 [4]. Strategic Objectives - The introduction of strategic investors aims to accelerate Youyan Yijin's strategic goals in the integrated circuit target material sector, enhancing its industry position and sustainable development capabilities [6][7]. - The transaction is structured to comply with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders, particularly minority shareholders [1][6].