Shijia Photons(SH:688313) Sou Hu Cai Jing·2025-11-02 18:13Summary of Key Points Core Viewpoint - The company Shijia Photon (688313) is in the process of acquiring Dongguan Fuke Xima Communication Technology Co., Ltd. through a combination of issuing shares and cash payment, which is expected to constitute a related party transaction but not a major asset restructuring [1]. Trading Information - As of October 31, 2025, Shijia Photon closed at 68.48 yuan, down 2.26%, with a turnover rate of 4.52%, and a trading volume of 207,300 lots, amounting to a total transaction value of 1.426 billion yuan [1]. - On the same day, the net outflow of main funds was 46.11 million yuan, accounting for 3.23% of the total transaction value, while retail investors saw a net inflow of 8.008 million yuan, representing 0.56% of the total transaction value [1][3]. Company Announcement - The company announced its intention to purchase the equity of Dongguan Fuke Xima Communication Technology Co., Ltd. and is currently progressing with due diligence, auditing, and evaluation work [1][3]. - The transaction requires further approval from the board of directors, the shareholders' meeting, and must be reviewed and approved by the Shanghai Stock Exchange and the China Securities Regulatory Commission, indicating uncertainty in the approval timeline [1].