Mei Ri Jing Ji Xin Wen·2026-01-04 16:42Core Viewpoint - The company, Yanjing Co., Ltd., is planning to issue shares to acquire assets and raise matching funds, leading to a suspension of its stock trading starting January 5, 2026 [1][3]. Group 1: Acquisition Details - Yanjing Co. aims to acquire Ningbo Yongqiang Technology Co., Ltd., which focuses on high-end integrated circuit interconnection materials and has received performance certification from leading domestic companies [2][5]. - The acquisition is still in the planning stage, with no formal agreement signed yet, and the transaction details are under discussion [4][5]. - The company signed a letter of intent with the actual controller of Ningbo Yongqiang and its associates on December 31, 2025, the same day its stock price surged by 11.68% [2][3]. Group 2: Financial and Operational Insights - Ningbo Yongqiang was established in December 2019 with a registered capital of approximately 13.97 million yuan and is located in Ningbo, Zhejiang Province [5]. - The company has a diverse ownership structure, with Jiangqi He as the largest shareholder (18.3%) and Qiang Yuan as the second largest (17.9%) [5]. - Ningbo Yongqiang's production capabilities include the ability to manufacture substrates as thin as 0.025 mm, with a daily production capacity of 100,000 meters of ultra-thin prepreg [5][6]. - The company has established a production base of 3,000 square meters, with a second phase of 30,000 square meters expected to generate an output value of 1.8 billion yuan and a net profit of 400 million yuan upon reaching full capacity [6].