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Core Viewpoint - The article discusses the acquisition plans of Ying Tang Zhi Kong, which aims to acquire two semiconductor companies, Guanglong Integrated Technology and Ao Jian Microelectronics, amidst its fluctuating financial performance and strategic shifts in the semiconductor industry [1][3][4]. Company Overview - Ying Tang Zhi Kong was established in 2001 and went public in 2010. Initially, it focused on electronic intelligent controllers for home appliances and consumer electronics, with nearly 100% of its revenue coming from smart control products before 2015 [11][14]. - The company has undergone multiple acquisitions to diversify its business, including electronic component distributors and semiconductor manufacturers, with significant acquisitions in the semiconductor sector starting in 2020 [14][15]. Acquisition Details - The acquisition targets are Guanglong Integrated Technology, a subsidiary of Guanglong Technology Group, and Ao Jian Microelectronics, an affiliate of Zhaoyi Innovation. The acquisition is still in the planning stage, with intention agreements signed with the respective shareholders [4][5][8]. - Guanglong Integrated Technology specializes in semiconductor laser chips and has a limited public profile, while Ao Jian Microelectronics focuses on high-performance analog and mixed-signal chip design [5][8]. Financial Performance - Ying Tang Zhi Kong's revenue has shown significant fluctuations from 2021 to 2023, with revenues of 63.38 billion, 51.69 billion, and 49.58 billion respectively, reflecting declines of 39.16%, 18.45%, and 4.07% year-on-year [15][17]. - In 2024, the company reported a revenue increase of 7.83% to 53.46 billion, with a net profit of 6027.49 million, marking a 9.84% year-on-year growth [15][16]. - However, in the first half of 2025, the company experienced a decline in net profit despite a revenue increase, indicating challenges in maintaining profitability [17][18]. Business Segmentation - The company's revenue is primarily derived from two segments: electronic component distribution and chip design and manufacturing. The distribution segment contributed over 90% of the revenue, while the chip design segment accounted for 8.06% of total revenue in the first half of 2025 [18]. - The electronic component distribution business saw a slight revenue increase of 2.34%, while the chip design segment grew by 24.57%, indicating a shift in focus towards semiconductor design [18].