Core Viewpoint - Yingxin Development is making a significant move into the semiconductor industry by planning to acquire 81.8091% of Guangdong Changxing Semiconductor Technology Co., Ltd, which is expected to diversify its business and seek new profit growth points amid ongoing challenges in its primary operations [1][3][8]. Group 1: Company Background - Yingxin Development was previously an important listed platform under Xinhua Group and underwent bankruptcy restructuring in 2023, with Wang Gengyu's company acquiring a controlling stake at a low price of 1.08 yuan per share [1][5][6]. - The company has shifted its focus from real estate to cultural tourism and is now attempting to enter the semiconductor sector, which indicates a strategic pivot in its business model [3][5][8]. Group 2: Acquisition Details - The acquisition of Changxing Semiconductor, established in 2012, focuses on memory chip packaging and testing, and has developed an integrated R&D and testing model with 76 valid patents [3][4]. - This move is part of a broader strategy to enhance Yingxin Development's technological capabilities and market presence in the semiconductor industry [3][8]. Group 3: Financial Performance - Yingxin Development's stock price surged by 32.93% in one week, reaching a market capitalization of 12.801 billion yuan following the acquisition announcement [1][4]. - The company has faced significant financial challenges, with cumulative losses of 85.95 billion yuan over three years, leading to its restructuring [6][8]. - Despite a successful restructuring in 2023, the company reported a decline in revenue and net profit in 2024, indicating ongoing operational difficulties [7][8].