Sino Wealth(SZ:300327) 半导体行业观察·2025-06-09 00:53Core Viewpoint - The article discusses the potential change in control of Zhongying Electronics, which may lead to a shift in its major shareholder and actual controller, impacting the company's stock performance and investor interests [1]. Group 1: Company Control Change - Zhongying Electronics announced that its controlling shareholder, Weilang International Group, is planning a change in control, which may result in a new major shareholder [1]. - The company has applied for a trading suspension starting June 9, 2025, to prevent abnormal stock price fluctuations during this transition [1]. - As of the end of Q1 2025, Weilang International holds 18.49% of Zhongying Electronics' shares [1]. Group 2: Financial Performance - In 2024, Zhongying Electronics reported revenue of 1.343 billion yuan, a 3.32% increase from 1.300 billion yuan in 2023 [3]. - The integrated circuit product design and sales accounted for 99.88% of total revenue, with a 3.42% year-on-year growth [3]. - The company's net profit attributable to shareholders was 134 million yuan in 2024, down 28.01% from 186 million yuan in 2023, primarily due to a significant one-time compensation received in the previous period [4]. - Excluding non-recurring gains, the net profit increased by 26.61% to 131 million yuan, indicating improved core business profitability [4]. Group 3: Business Structure and Market Dynamics - The revenue from industrial control products was 1.093 billion yuan, representing 81.39% of total revenue, with a year-on-year growth of 7.87% [3]. - Conversely, revenue from consumer electronics decreased by 12.75% to 250 million yuan, indicating a shift in business structure [3]. - The domestic revenue was 963 million yuan, accounting for 71.69% of total revenue, while overseas revenue was 380 million yuan, a slight decrease of 0.26% [3].