Core Viewpoint - The company plans to sell its subsidiaries and business assets to Luxshare Precision and Luxshare Communications for a total cash consideration of approximately 438.95 million yuan, aiming to strategically exit the product integration business and focus on semiconductor operations, enhancing its competitive position in the global power semiconductor industry [5][10][12]. Group 1: Transaction Overview - The transaction involves the cash sale of 100% equity stakes in subsidiaries including Kunming Wenshun, Huangshi Zhitong, and others, along with business asset packages from subsidiaries such as Wuxi Wenta and India Wenta [5][6]. - The total transaction price is set at 438,946.09 thousand yuan, based on the audited net asset value of the target assets [5][10]. - The payment structure includes an initial payment of 119,624.11 thousand yuan and subsequent payments upon completion of the transaction [6][7]. Group 2: Impact on Company Operations - The company will shift its focus from product integration, which has been affected by geopolitical factors and market competition, to semiconductor business, which is expected to enhance profitability and operational efficiency [10][12][13]. - The restructuring is anticipated to lead to a significant decrease in revenue from 7,359,798.59 thousand yuan to 1,525,554.13 thousand yuan, while net profit is expected to improve from a loss of 285,794.40 thousand yuan to a profit of 134,083.96 thousand yuan [11][12]. Group 3: Financial Metrics - Post-transaction, total assets are projected to decrease from 7,497,751.45 thousand yuan to 6,640,017.10 thousand yuan, while total liabilities will drop from 4,013,679.89 thousand yuan to 3,159,148.00 thousand yuan, resulting in a reduction of the asset-liability ratio by 5.95 percentage points [11][12]. - The company aims to improve its financial quality and resource allocation efficiency through this strategic move, which aligns with its long-term growth objectives [13][14]. Group 4: Regulatory and Approval Process - The transaction has undergone necessary board approvals and is pending further regulatory approvals, including those from the China Securities Regulatory Commission [15][19]. - The company has committed to strict compliance with information disclosure obligations to protect the interests of minority investors throughout the transaction process [16][18].