Core Viewpoint - The company, Wanye Enterprise, plans to sell its 21.85% stake in Zhejiang Puxin Electronic Technology Co., Ltd. for 830 million yuan, which is expected to enhance its investment returns and focus on its core business in the integrated circuit sector [2][3]. Financial Summary - The original asset value of Zhejiang Puxin was 600 million yuan, with a book value of 715 million yuan by the end of 2024. The projected revenue for 2024 is 878 million yuan, with a net profit of 105 million yuan. The market valuation of Zhejiang Puxin is approximately 3.8 billion yuan, corresponding to a price-to-earnings ratio of about 36 times for 2024 [3]. - The transaction is expected to generate approximately 91.31 million yuan in investment income for Wanye Enterprise, significantly boosting the company's earnings for the year [3]. Strategic Optimization - The equity transfer is a strategic decision aimed at optimizing resource allocation, reducing project investment risks, and enhancing asset liquidity. The company intends to concentrate on advancing technology in ion implantation machines and semiconductor materials to strengthen its competitive edge [3]. - Since becoming a subsidiary of Xian Dao Technology Group in November 2024, Wanye Enterprise has been focusing on the deep processing of bismuth metal products, which is expected to drive sustainable growth [3]. Industry Positioning - Wanye Enterprise's subsidiary, KST, showcased its full range of integrated circuit ion implantation machines at Semicon China, establishing itself as a leading player in the domestic ion implantation machine sector. KST has received nearly 60 orders for 12-inch integrated circuit ion implantation machines since 2020, totaling over 1.4 billion yuan, with more than 50% being repeat orders [4]. - Xian Dao Technology Group, as the controlling shareholder, is a national high-tech enterprise with a comprehensive semiconductor production process and purification technology, covering various semiconductor fields. This partnership is expected to enhance Wanye Enterprise's capabilities in semiconductor materials and precision control [5][6].