Bauing Decoration(SZ:002047) Ge Long Hui·2025-11-06 11:55Core Viewpoint - *ST Baoying (002047.SZ) has announced unusual stock trading fluctuations and plans to establish a wholly-owned subsidiary in the high-end optocoupler sector after introducing new shareholder, Shitong Niu. The new subsidiary is still in the preparatory stage and is not expected to impact the company's current year operating results [1] Group 1: Company Developments - The company is in the process of setting up a new wholly-owned subsidiary focused on the high-end optocoupler market [1] - The establishment of the new subsidiary is still in the preparatory phase and will not affect the company's operational performance for the current year [1] Group 2: Investment Considerations - The company currently lacks technological reserves and sufficient talent in the high-end optocoupler industry [1] - As of now, the company has not engaged in any related business activities, signed investment cooperation agreements, or initiated production line construction in the high-end optocoupler sector [1] - There is uncertainty regarding the ability to develop substantial business, generate operational benefits, and achieve commercialization in this new field [1] Group 3: Business Integration Risks - The new business in the high-end optocoupler sector is significantly different from the company's existing operations, which may lead to challenges in synergy and integration [1] - Potential adverse impacts on the company's overall operations due to the lack of alignment between the new and existing business areas [1]