WINNOVATION(SZ:000620) Mei Ri Jing Ji Xin Wen·2025-10-22 03:51Core Viewpoint - Yingxin Development, formerly known as Xinhua Union, is accelerating its transformation into the technology sector by planning to acquire an 81.8091% stake in Guangdong Changxing Semiconductor Technology Co., Ltd. This move is part of its "cultural tourism + technology" strategic layout following significant changes in ownership and performance pressures [1][2][5]. Group 1: Acquisition Details - Yingxin Development signed a share acquisition intention agreement with Guangdong Changxing Information Management Consulting Co., Ltd. and Zhang Zhiqiang to acquire a majority stake in Changxing Semiconductor [2][3]. - The acquisition is expected to enhance Yingxin's control over Changxing Semiconductor, a high-tech enterprise specializing in memory chip packaging and testing [2][3]. - The transaction does not constitute a related party transaction or a major asset restructuring, and it will not involve issuing new shares or changing the company's control [2][3]. Group 2: Company Background and Strategy - Changxing Semiconductor was established in November 2012 with a registered capital of approximately 61.118 million RMB and is recognized as a national high-tech enterprise [2][3]. - Yingxin Development aims to integrate its traditional business with emerging industries through this acquisition, enhancing its overall competitiveness and laying a foundation for future expansion in high-tech fields [3][4]. - The company has outlined a strategic plan to build a collaborative ecosystem of "real estate - cultural tourism - technology" to transform into a national strategic innovation platform operator [3][4]. Group 3: Recent Changes and Performance - Yingxin Development's former major shareholder, Xinhua Holdings, has seen its stake reduced to 3.72% due to a judicial transfer of shares as part of a restructuring plan [5][6]. - The company has faced significant performance challenges, with a reported revenue drop of 50.97% year-on-year to 772 million RMB and a net loss of 161 million RMB in the first half of 2025 [6][7]. - Despite these challenges, Yingxin Development remains committed to its strategic transformation and aims to leverage its "three-core driving, three-step leap" strategy to stabilize its real estate business while expanding into technology [6][7].