YANGYUAN(SH:603156) Cai Jing Wang·2025-09-26 11:43Core Viewpoint - Yangyuan Beverage announced significant stock price fluctuations, with a cumulative increase of over 20% in two consecutive trading days, leading to a trading halt on September 26, 2023 [1] Investment Details - The company plans to invest RMB 1.6 billion in Changjiang Storage Holdings Co., Ltd. through its controlled entity, Wuhu Wenmingquan Hong Investment Management Partnership [1] - As of the end of the first half of 2025, the investment has a book value of RMB 1.6 billion, representing a 0.98% ownership stake in the target company [1] Industry Context - The semiconductor industry, where the target company operates, is characterized by cyclical development, rapid technological iteration, high capital investment, and long R&D cycles, which pose certain operational risks [1]