Core Viewpoint - The company Beiyiwei plans to acquire 100% equity of Shanghai Xingan Semiconductor for 295 million RMB to enhance its core business and expand its technological capabilities [1][4]. Group 1: Acquisition Details - The acquisition will be funded by the company's own or raised funds and will not involve related transactions or constitute a major asset restructuring [1]. - After the acquisition, Xingan Semiconductor will become a wholly-owned subsidiary of Beiyiwei and will be included in the consolidated financial statements [1]. - The acquisition aims to deepen the company's core business layout and enhance its system-level solution capabilities, particularly in high-precision integrated current sensors and magnetic encoder chips [4]. Group 2: Financial Performance of Xingan Semiconductor - Xingan Semiconductor is currently in a loss-making state, with a commitment to achieve a cumulative net profit of no less than 75 million RMB over four years [7][10]. - Financial data shows that Xingan Semiconductor had a revenue of 46.7 million RMB and a net loss of 12.86 million RMB in 2024, and for the first five months of 2025, it reported a revenue of 18.64 million RMB and a net loss of 4.16 million RMB [10]. - The valuation of Xingan Semiconductor's total equity is estimated at 301 million RMB, reflecting an increase of 219 million RMB and a growth rate of 266.33% [10]. Group 3: Beiyiwei's Financial Status - Beiyiwei has been experiencing continuous losses since its IPO in May 2022, with reported revenues of 578 million RMB and 688 million RMB for 2023 and 2024, respectively, and net losses of 19.07 million RMB and 17.17 million RMB [11]. - In the first half of 2025, Beiyiwei achieved a revenue of 283 million RMB, a year-on-year decrease of 6.99%, and a net loss of 8.82 million RMB, an increase of 16.92% compared to the previous year [13]. Group 4: Strategic Rationale - The acquisition is viewed as a strategic decision to integrate resources in products, technology, market, and supply chain, which is expected to create significant synergies and align with the company's long-term development plan [15]. - The main products of Xingan Semiconductor, including current sensors and magnetic sensors, target sectors such as energy and power, industrial control, automation, new energy vehicles, and aerospace, indicating substantial application potential and growth prospects [15].

Core Viewpoint - The company plans to acquire 100% equity of Shanghai Xingan Semiconductor Co., Ltd. for a transaction price of RMB 295 million, aiming to enhance its core business and technical capabilities [1] Group 1: Acquisition Details - The acquisition will be funded through the company's own or raised funds, and after completion, Xingan Semiconductor will become a wholly-owned subsidiary included in the company's consolidated financial statements [1] - The transaction does not involve related party transactions and does not constitute a major asset restructuring [1] Group 2: Strategic Objectives - The acquisition aims to deepen the company's core business layout, broaden its technological boundaries, and enhance its system-level solution capabilities [1] - By integrating resources from both companies, a complete product system covering current detection, motion sensing, power management, battery management, and motor drive is expected to be formed [1] - The high-precision integrated current sensors and magnetic encoder chips from Xingan Semiconductor are crucial components in the company's existing system solutions [1]