605178，拟切入存储领域，即将复牌

Core Viewpoint - The 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. This move aims to enter the storage sector and enhance the company's growth trajectory and profitability [1][3]. Company Overview - Shikong Technology's core business focuses on night economy and smart city solutions, including landscape lighting, cultural tourism, smart streetlights, and smart parking operations, primarily within the construction decoration and renovation industry [3]. - Jiahe Jinwei specializes in the research, design, production, and sales of storage products such as memory modules and solid-state drives, with three major product lines: Guangwei, Asgard, and Shenk [3][4]. 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. The net profits for these periods were -20.16 million yuan, 42.26 million yuan, and 42.11 million yuan [5]. - The financial data for Jiahe Jinwei shows total assets of approximately 12.99 billion yuan, total liabilities of about 6.94 billion yuan, and owner’s equity of around 6.05 billion yuan as of August 31, 2025 [6]. Strategic Implications - The acquisition is expected to create a second growth curve for Shikong Technology, accelerating its transition towards new productive forces and increasing new profit growth points, thereby enhancing its sustainable profitability [3][4]. - Post-acquisition, Jiahe Jinwei's assets will be consolidated into Shikong Technology's financials, which is anticipated to significantly improve the company's total assets and revenue figures, bolstering its core competitiveness and risk resilience [3][4]. Market Reaction - Prior to the trading suspension, Shikong Technology's stock price surged, reaching a 57% increase over the 20 trading days leading up to the announcement, indicating strong market interest and confidence in the company's strategic direction [7][8].