605178，拟切入存储领域！明起复牌

Core Viewpoint - Company Shikong Technology (605178) is set to resume trading on October 23, 2025, following the announcement of a significant asset restructuring plan to acquire 100% of Shenzhen Jiahe Jinwei Electronics Technology Co., Ltd. (referred to as "Jiahe Jinwei") to enter the storage sector [1][8]. Group 1: Company Overview - Shikong Technology's core business focuses on night economy and smart city solutions, covering areas such as landscape lighting, cultural tourism night tours, smart street lighting, and smart parking operations, primarily within the construction decoration and renovation industry [1][3]. - Jiahe Jinwei specializes in the research, design, production, and sales of storage products, including memory modules and solid-state drives, with three major product lines: Guangwei, Asgarde, and Shenk [1][4]. Group 2: Financial Performance - Jiahe Jinwei reported revenues of 850 million yuan, 1.34 billion yuan, and 1.12 billion yuan for the years 2023, 2024, and the first eight months of 2025, respectively, with net profits of -20.16 million yuan, 42.26 million yuan, and 42.11 million yuan during the same periods [5][6]. - The total assets of Jiahe Jinwei as of August 31, 2025, are projected to be 12.99 billion yuan, with total liabilities of 6.94 billion yuan and equity of 6.06 billion yuan [6]. Group 3: Strategic Implications - The acquisition aims to create a second growth curve for Shikong Technology, accelerating its transformation towards new productive forces and enhancing its profitability and core competitiveness [1][3]. - Post-acquisition, Jiahe Jinwei's assets will be consolidated into Shikong Technology's financial statements, which is expected to significantly improve the company's total assets and revenue [1][3]. Group 4: Market Reaction - Prior to the trading suspension, Shikong Technology's stock price hit the upper limit, with a cumulative increase of over 57% in the 20 trading days leading up to the suspension [8][9]. - The stock closed at 22.75 yuan per share before the announcement and rose to 35.83 yuan per share on the last trading day before the suspension, reflecting a 57.49% increase [9].