Group 1 - The company Jingsheng Co., Ltd. is planning to acquire a controlling stake in Beijing Weizhun Intelligent Technology Co., Ltd. and will raise matching funds for this purpose [2][5] - The stock of Jingsheng Co., Ltd. will be suspended from trading starting August 26, with an expected suspension period of no more than 10 trading days [2] - As of August 25, Jingsheng Co., Ltd.'s stock price closed at 41.79 yuan per share, reflecting a year-to-date increase of 49.43% [2][9] Group 2 - The acquisition will be conducted through a combination of issuing shares and cash payments, with the valuation of Beijing Weizhun yet to be finalized [5][7] - Jingsheng Co., Ltd. emphasizes that this transaction will not result in a change of actual control and does not constitute a restructuring listing [7] - Beijing Weizhun, established in February 2014, specializes in the research, production, and service of wireless communication testing equipment, with a registered capital of 15.88 million yuan [5][6] Group 3 - Jingsheng Co., Ltd. reported a total operating revenue of 425 million yuan for 2024, a year-on-year increase of 4.78%, while the net profit attributable to shareholders decreased by 24.32% to 54 million yuan [8] - In the first quarter of 2025, the company achieved an operating revenue of 71 million yuan, a year-on-year decrease of 12.69%, and reported a net profit of -3 million yuan, indicating a loss compared to the previous year [9]

Core Viewpoint - Jing Sheng Co., Ltd. is planning to acquire a controlling stake in Beijing Weizhun Intelligent Technology Co., Ltd. and will raise matching funds, leading to a stock suspension starting August 26, 2025 [1][5]. Group 1: Acquisition Details - The acquisition will be conducted through a combination of issuing shares and cash payments, with the valuation of Beijing Weizhun yet to be finalized [5][7]. - The transaction is in the planning stage, and the company is in discussions with the main shareholders of Beijing Weizhun, namely Ge Sijing and Xu Fengchun [7]. - Jing Sheng emphasizes that this transaction will not result in a change of actual control and does not constitute a restructuring listing [7]. Group 2: Company Background - Beijing Weizhun, established on February 27, 2014, specializes in the research, production, and service of wireless communication testing equipment, with a registered capital of 15.8824 million yuan [6]. - The company has developed a nationwide sales service system and has provided production testing services for numerous mainstream mobile phone brands [6]. Group 3: Financial Performance - Jing Sheng reported a total revenue of 425 million yuan for the year 2024, representing a year-on-year increase of 4.78%, while the net profit attributable to shareholders decreased by 24.32% to 54 million yuan [9]. - In the first quarter of 2025, the company achieved a revenue of 7.1 million yuan, a year-on-year decrease of 12.69%, and reported a net profit of -3 million yuan, indicating a shift from profit to loss [9]. - The stock price of Jing Sheng has surged by 49.43% this year, closing at 41.79 yuan per share on August 25, 2025, with a total market capitalization of 5.8 billion yuan [1][9].