Zhong Guo Ji Jin Bao·2026-01-04 10:25Core Viewpoint - The company, Yanjiang Co., is planning to acquire control of Ningbo Yongqiang Technology Co., Ltd. through a share issuance and cash payment, while also raising supporting funds, which may constitute a significant asset restructuring [1][4]. Group 1: Acquisition Details - Yanjiang Co. intends to purchase control of Yongqiang Technology, which was established in December 2019 with a registered capital of 13.966 million yuan [4]. - Yongqiang Technology specializes in the research and production of IC substrates, high-end display substrates, and high-speed high-frequency substrates, with its high-end products certified by major domestic companies such as Intel and Huawei [4]. - The company has secured a total of 210 million yuan in market investments from various industrial capital and well-known funds since its inception, with a valuation exceeding 1 billion yuan [4]. Group 2: Financial Performance - In the first three quarters of the previous year, Yanjiang Co. achieved a revenue of 1.295 billion yuan, representing a year-on-year growth of 23%, and a net profit attributable to shareholders of 43 million yuan, up 28% year-on-year [5]. - As of December 31, 2025, Yanjiang Co.'s stock closed at 14.82 yuan per share, with an annual increase of 186.1%, resulting in a market capitalization of 4.9 billion yuan [5]. Group 3: Transaction Timeline - Yanjiang Co. has signed a letter of intent with the actual controller of Yongqiang Technology and related parties, with the specific share purchase ratio and transaction details to be further negotiated [5]. - The company expects to disclose the transaction plan within no more than 10 trading days [5].