TDii(SZ:002491) Zheng Quan Ri Bao Wang·2025-12-23 01:41Core Viewpoint - Tongding Interconnection plans to establish a joint venture, Jiangsu Dingchun Technology Co., Ltd., with partners to enhance its competitiveness in upstream core material fields and promote business development [1][2] Group 1: Joint Venture Details - The registered capital of Dingchun Technology is set at 10 million yuan, with Tongding contributing 4.5 million yuan for a 45% stake [1] - Other partners include Jiangsu Mulinsen High-tech Materials Co., Ltd. with a 40% stake, and individuals Li Xiangyu and Qian Feiyi holding 10% and 5% stakes respectively [1] - Tongding will control 60% of the voting rights through a voting rights entrustment agreement with Li and Qian, allowing it to secure a majority of board seats and key management nominations [1][2] Group 2: Strategic Implications - The joint venture aligns with Tongding's overall development strategy and aims to strengthen its core competitiveness in the supply of high-purity materials [1][4] - The partnership with Mulinsen, which focuses on ultra-pure basic materials, complements Tongding's business and allows for rapid entry into the ultra-pure materials market [3][4] Group 3: Financial and Market Outlook - Mulinsen is currently in its early development stage, projecting revenues of 88,500 yuan in 2024 but facing a net loss of 8.26 million yuan [3] - The joint venture's business direction is expected to have significant market potential due to the growing demand for ultra-pure materials in the electronics industry [4] - Tongding's investment of 4.5 million yuan is considered limited in impact on its financial status, reflecting a prudent investment strategy [4]