Beijing New Space Technology (SH:605178) 证券时报·2025-10-22 13:50Core Viewpoint - Time Space Technology (605178) is set to resume trading on October 23, 2025, following the announcement of a significant asset restructuring plan to acquire 100% of Shenzhen Jiahe Jinwei Electronic Technology Co., Ltd. This move aims to enter the storage sector and create a second growth curve for the company [1][3]. Group 1: Company Overview - Time Space Technology's core business includes night economy and smart city systems, covering landscape lighting, cultural tourism, smart streetlights, and smart parking operations, primarily in the construction decoration and renovation industry [3]. - Jiahe Jinwei specializes in the research, design, production, and sales of storage products, including memory modules and solid-state drives, with three major product lines: Guangwei, Asgard, and Shenk [4]. Group 2: Financial Impact - The acquisition is expected to enhance Time Space Technology's total assets and operating income, thereby improving profitability and core competitiveness, as well as significantly increasing risk resistance [3]. - Jiahe Jinwei's financial performance includes revenues of 850 million yuan, 1.34 billion yuan, and 1.12 billion yuan for the years 2023, 2024, and the first eight months of 2025, respectively, with net profits of -20.16 million yuan, 42.26 million yuan, and 42.11 million yuan [5]. Group 3: Market Position and Technology - Jiahe Jinwei is recognized as a national-level specialized and innovative "little giant" and a champion enterprise in Guangdong's manufacturing sector, holding over 40 invention patents and having a notable presence in the domestic market [4]. - The company has advanced semiconductor storage chip testing algorithms and technologies, with over 20 core testing software, making it one of the few domestic companies capable of developing testing systems [5]. Group 4: Stock Performance - Prior to the trading suspension, Time Space Technology's stock price surged, with a cumulative increase of over 57% in the 20 trading days leading up to the suspension [7]. - The stock closed at 22.75 yuan per share 21 trading days before the announcement and reached 35.83 yuan per share the day before the suspension, reflecting a 57.49% increase [8].