盈方微连亏2年3季负债率81% 拟收购标的由3家减至2家

Core Viewpoint - Yingfang Microelectronics (000670.SZ) has resumed trading with a limit-up price of 8.50 yuan, reflecting a 9.96% increase. The company previously suspended trading due to uncertainties related to asset acquisition and fundraising plans, which have now been clarified [1]. Group 1: Transaction Details - The company plans to acquire 100% of Shanghai Xiaokeli Information Technology Co., Ltd. and FIRST TECHNOLOGY CHINA LIMITED through a combination of issuing shares and cash payments, while also raising supporting funds [2]. - The fundraising is contingent upon the successful execution of the asset acquisition, but the success of the fundraising does not affect the acquisition process [2]. - The share issuance price for the acquisition has been set at 5.97 yuan per share, and the transaction is classified as a related party transaction due to connections with the company's largest shareholder [4]. Group 2: Financial Performance - As of September 30, 2025, Yingfang Microelectronics reported a net profit attributable to shareholders of -43.34 million yuan, with projected losses of -61.98 million yuan for 2024 and -60.06 million yuan for 2023 [7]. - The company's total assets as of September 30, 2025, were 207.87 billion yuan, with total liabilities of 168.78 billion yuan, resulting in an asset-liability ratio of 81.19% [8][9]. - The company has experienced negative operating profits in recent years, with a net profit of -29.47 million yuan for the first nine months of 2025 [9]. Group 3: Target Companies - Shanghai Xiaokeli is a professional distributor of electronic components and application solutions, while FIRST TECHNOLOGY CHINA LIMITED focuses on semiconductor equipment distribution [6]. - The acquisition of these companies is expected to enhance Yingfang Microelectronics' position in the semiconductor supply chain and strengthen its core business [6][7]. - Financial data for Shanghai Xiaokeli shows revenues of 97.51 million yuan for 2023, with a net profit of 0.38 million yuan, while FIRST TECHNOLOGY CHINA LIMITED reported revenues of 91.08 million yuan and a net profit of 3.00 million yuan for the same year [10][13].