Dosilicon(SH:688110) Huan Qiu Lao Hu Cai Jing·2025-10-11 12:10Core Viewpoint - Dongxin Co., Ltd. is undergoing a significant share transfer initiated by its controlling shareholders, which may indicate a strategic move to liquidate assets amid rising stock prices and funding needs [1][3][7]. Share Transfer Details - On October 10, Dongxin Co., Ltd. announced that its controlling shareholder, Dongfang Hengxin Group, and Suzhou Dongxin Science and Technology plan to transfer a total of 13.2675 million shares, accounting for 3% of the company's total share capital [1][3]. - The minimum transfer price is set at no less than 70% of the average stock price over the previous 20 trading days, which was 108.74 yuan, suggesting a minimum cash-out of over 1 billion yuan [1][3]. - This is not the first instance of share reduction; previously, from August 25 to August 27, Dongfang Hengxin Group reduced its holdings by approximately 8.41 million shares, cashing out around 845 million yuan [1][4]. Financial Performance and Market Reaction - Dongxin Co., Ltd. has seen a significant increase in stock price, with a year-to-date increase of 283.53% as of October 10, attributed to its focus on Lishuan Technology and the launch of new GPU products [6][11]. - The company reported a revenue increase of 28.81% year-on-year to 343 million yuan, although it still faced net losses [11]. Strategic Moves and Future Outlook - The controlling shareholder, Jiang Xueming, has been actively involved in capital operations, including transferring control of another Hong Kong-listed company for substantial cash [7][8]. - Dongxin Co., Ltd. is also focusing on new growth areas, such as the development of Wi-Fi 7 wireless communication chips, with an expected total investment of 200 million yuan [11].