Zheng Quan Shi Bao Wang·2026-01-19 15:02Core Viewpoint - Yingfang Micro (000670) announced a major asset restructuring plan involving the acquisition of 100% shares of Shanghai Xiaokeli and Fujide China through a combination of share issuance and cash payment, with the transaction expected to constitute a significant asset restructuring for the listed company [2][4]. Group 1: Transaction Details - The transaction consists of two parts: acquiring assets through share issuance and cash payment, and raising matching funds [4]. - The share issuance price is set at 5.97 yuan per share, but the specific transaction terms, including the transaction price and the ratio of shares to cash, are yet to be finalized pending the completion of auditing and evaluation [4]. - The company plans to issue shares to no more than 35 qualified investors to raise matching funds for cash payments, transaction-related taxes, intermediary fees, project construction, working capital, and debt repayment [4]. Group 2: Related Parties and Transactions - One of the transaction parties, Shanghai Jinglan, is considered a related party due to its connection with the largest shareholder of Yingfang Micro, indicating that the transaction constitutes a related party transaction [5]. - Shanghai Xiaokeli is a professional distributor of electronic components and a provider of technology services and solutions based on semiconductor chip applications, with established sales channels in various industries [5]. - Fujide China focuses on electronic assembly technology and semiconductor packaging and testing equipment, providing comprehensive solutions and technical support to downstream customers [6]. Group 3: Financial Performance - Shanghai Xiaokeli reported revenues of 1.43 billion yuan and 1.289 billion yuan for the first three quarters of 2024 and 2025, respectively, with net profits of 45.12 million yuan and 54.11 million yuan [5]. - Fujide China achieved revenues of 996 million yuan and 828 million yuan for the same periods, with net profits of 18.91 million yuan and 28.34 million yuan [6]. Group 4: Strategic Implications - The acquisition of these two companies is expected to enhance Yingfang Micro's business scale and market share in the electronic component distribution sector, while also adding semiconductor equipment distribution to its product portfolio [7].