Core Viewpoint - Ying Tang Zhi Kong (300131) is acquiring Guanglong Integrated Technology Co., Ltd. and Shanghai Aojian Microelectronics Technology Co., Ltd. to enhance its chip business [2] Group 1: Acquisition Details - The acquisition involves Guanglong Integrated, a subsidiary of Guanglong Technology Group, and Aojian Microelectronics, an affiliate of Zhaoyi Innovation [2] - The agreements include issuing shares and cash payments for 100% of Guanglong Integrated and 76% of Aojian Microelectronics, along with raising matching funds [2][3] - Guanglong Integrated has a registered capital of 50 million yuan and is involved in various high-tech sectors including AI applications and semiconductor devices [3] Group 2: Financial Performance - Guanglong Technology reported revenues of 175 million yuan, 192 million yuan, and 273 million yuan for 2018, 2019, and 2020 respectively, with a net profit of 75.89 million yuan in 2020 after losses in previous years [5] - Aojian Microelectronics, established in 2015, focuses on high-performance analog and mixed-signal chip design, with applications in various industries [5][6] Group 3: Strategic Positioning - Ying Tang Zhi Kong aims to build a full industry chain semiconductor IDM enterprise, integrating R&D, manufacturing, and sales, with a focus on electronic component distribution [6] - The company's chip design and manufacturing revenue reached 213 million yuan in the first half of the year, marking a 24.57% year-on-year increase [6]

Core Viewpoint - The company, Ying Tang Zhi Kong, is actively expanding its chip business through acquisitions of Guanglong Integrated Technology and Shanghai Aojian Microelectronics, indicating a strategic move to enhance its semiconductor capabilities [2][4]. Group 1: Acquisition Details - Ying Tang Zhi Kong announced the acquisition of Guanglong Integrated Technology and Shanghai Aojian Microelectronics, with trading suspension starting from October 27, 2025 [2]. - The acquisition involves issuing shares and cash payments for 100% equity of Guanglong Integrated and 76% equity of Aojian Microelectronics, along with raising supporting funds [4]. - Guanglong Integrated is a subsidiary of Guanglong Technology, which previously attempted an IPO on the Sci-Tech Innovation Board in 2022 but withdrew its application [2][5]. Group 2: Financial Performance - Guanglong Technology reported revenues of 175 million CNY, 192 million CNY, and 273 million CNY for the years 2018, 2019, and 2020, respectively, with a net profit of 75.89 million CNY in 2020 after losses in the previous years [5]. - Ying Tang Zhi Kong's chip design and manufacturing business generated 213 million CNY in revenue in the first half of this year, marking a 24.57% year-on-year increase and accounting for 8.06% of total revenue [7]. Group 3: Company Background - Guanglong Technology, established in 2001, focuses on high-end semiconductor laser chips and components, holding advanced manufacturing technologies [5]. - Aojian Microelectronics, founded in 2015, specializes in high-performance analog and mixed-signal chip design, with applications in various sectors including communications and medical devices [5][6].