（文章来源：证券日报） 证券日报网讯 12月3日，兴森科技在互动平台回答投资者提问时表示，公司FCBGA封装基板项目样品 持续交付认证中，数量稳速增加，截至目前，FCBGA封装基板已反馈封测结果均为未发现基板异常。 ...

Core Viewpoint - The announcement of a share transfer agreement between DeLong Huaneng and Noxin New Materials indicates a significant change in control, with potential implications for the company's strategic direction and financial health [1][3]. Group 1: Share Transfer Details - DeLong Huaneng's controlling shareholder, Beijing Dingxin Ruitong Technology Development Co., plans to transfer 106 million shares, representing 29.64% of the total share capital, to Noxin New Materials at a price of 9.41 yuan per share, totaling 1 billion yuan [1][3]. - If the transaction is completed, the controlling shareholder will shift from Dingxin Ruitong to Noxin New Materials, with the actual controller changing from Ding Liguan to Sun Weijia [3]. Group 2: Financial Performance and Debt Situation - DeLong Huaneng has shown a trend of fluctuating net profits, with a reported loss of 241 million yuan in 2023, marking the largest annual loss since public financial data became available [5]. - The company's debt repayment capability has deteriorated over the past decade, with liquidity ratios consistently below 1, indicating weak solvency [5][6]. Group 3: Background of the Buyer - Noxin New Materials, established just three months prior to the agreement, has a complex ownership structure with ties to state-owned enterprises, particularly the East Yang Government through Dongwang Holdings [7]. - The firm has not yet commenced any operational activities, raising questions about its readiness and strategic intent in acquiring DeLong Huaneng [7]. Group 4: Market Reaction - Prior to the announcement, DeLong Huaneng's stock price surged, hitting the daily limit on October 24, with a trading volume of 474 million yuan, indicating speculative interest [9]. - Following the announcement, the stock price experienced a significant increase, with a premium of approximately 18.81% compared to the closing price before the announcement [10].

Core Viewpoint - Delong Huineng (000593) announced a potential change in control as its controlling shareholder, Dingxin Ruitong, signed a share transfer intention agreement to sell 29.64% of its shares to Dongyang Noxin Chip Material Management Partnership (Limited Partnership) [1][3] Group 1: Share Transfer Details - Dingxin Ruitong currently holds 32% of Delong Huineng's shares, equating to 115 million shares, and plans to transfer 106 million shares valued at approximately 923 million yuan [3] - The transaction may lead to the entry of a semiconductor enterprise chairman into the company [3] Group 2: Noxin Chip Material Overview - Noxin Chip Material was established in July 2023 with a registered capital of 900 million yuan, primarily owned by Dongyang Jiyue Changqing Enterprise Management Co., Ltd. and Dongyang Dongwang Holdings Co., Ltd. [3] - The company is undergoing structural changes, with expected ownership distribution among Dongyang Caizhi Industry, Jiyue Changqing, and Dongyang Zhongjing Chip Material Management Partnership [3] Group 3: Semiconductor Connection - The actual controller of Shenzhen Zhongjing Dayou Private Equity Investment Fund Management Co., Ltd., which has stakes in Noxin Chip Material, is Sun Weijia, who also serves as the chairman of Kuiruisi Semiconductor Technology (Dongyang) Co., Ltd. [4] - Kuiruisi Semiconductor focuses on high-end packaging substrate development and production, with a significant project investment of approximately 5 billion yuan aimed at producing 560,000 high-end packaging substrates annually [4] Group 4: Market Reaction - Since September 24, Delong Huineng's stock price has increased by approximately 37.82%, with a trading halt on October 24 [7]