上月刚“分手”又找新买家、还在上市辅导，先导电科为何急于“卖身”？

Core Viewpoint - The semiconductor materials company, Xian Dao Electronics Technology Co., Ltd. (Xian Dao Dian Ke), is urgently seeking acquisition despite recently submitting an IPO guidance report, indicating potential underlying issues affecting its financial stability and growth prospects [1][8]. Group 1: Acquisition Attempts - Xian Dao Dian Ke has recently engaged in acquisition discussions with Chuzhou Development (600208.SH) to purchase shares held by Guangdong Xian Dao Rare Materials Co., Ltd. and other shareholders [1]. - Prior to this, Xian Dao Dian Ke was involved in a failed acquisition attempt by Guangzhi Technology (300489.SZ), which was terminated due to external environmental changes and unresolved terms [1][4]. - The company has been in the IPO guidance phase for over a year and has submitted multiple reports, indicating prolonged challenges in meeting regulatory requirements [2][3]. Group 2: Financial Performance - Xian Dao Dian Ke's revenue has shown a significant decline, with reported figures of 21.9 billion, 28.8 billion, and 15.9 billion for the years 2022, 2023, and the first half of 2024, respectively [8]. - Net profits have also decreased from 4.66 billion in 2022 to 2.61 billion in the first half of 2024, alongside a declining gross margin from 21.28% to 16.4% during the same period [8]. - The company is facing challenges in expanding its product offerings in emerging fields, which may adversely affect its future growth [8]. Group 3: Regulatory and Operational Issues - The prolonged IPO guidance period suggests that Xian Dao Dian Ke may be struggling with unresolved issues related to related-party transactions, which are under scrutiny by regulatory bodies [2][3]. - The company has a complex ownership structure, with significant stakes held by related parties, complicating its acquisition and IPO processes [5][7]. - The urgency to sell may reflect a strategic pivot in response to declining financial performance and the need for capital infusion to stabilize operations [1][8].