Core Viewpoint - Jing Sheng Co., Ltd. (688478) is planning to acquire a controlling stake in Beijing Weizhun Intelligent Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising matching funds [2][4]. Group 1: Company Announcement - Jing Sheng Co., Ltd. announced a suspension of trading starting August 26, 2025, due to the ongoing planning of the acquisition [3]. - The valuation of Beijing Weizhun has not been finalized, and it is currently unclear whether the transaction will constitute a major asset restructuring or a related party transaction [3][4]. - The company has signed a preliminary equity acquisition intention agreement with major shareholders of Beijing Weizhun, with the final price to be determined based on an assessment report from a qualified evaluation agency [4]. Group 2: Beijing Weizhun Overview - Beijing Weizhun was established in February 2014 with a registered capital of 15.8824 million yuan and has developed a complete system for R&D, production, sales, and service [4]. - The company has provided production testing services for several mainstream mobile phone brands, with significant exports of 4G and 5G products since 2018 and 2019, respectively [4]. Group 3: Jing Sheng's Business Focus - Jing Sheng Co., Ltd. specializes in semiconductor equipment, offering customized products such as single crystal silicon furnaces and silicon carbide single crystal furnaces [5]. - The company’s core products, including semiconductor-grade single crystal silicon furnaces, account for a significant portion of its revenue, covering mainstream 12-inch and 8-inch silicon wafer preparation [5]. - The silicon carbide single crystal furnace business is expected to see substantial revenue growth in 2024, becoming a key driver of performance [5].

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].

Core Viewpoint - Jing Sheng Co., Ltd. is planning to acquire a controlling stake in Beijing Weizhun Intelligent Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds [1][2]. Group 1: Transaction Details - The transaction is currently in the planning stage, and the valuation of Beijing Weizhun has not been finalized as of the announcement date [2][3]. - The company has signed a "Share Acquisition Intent Agreement" with the major shareholders of the target company, intending to purchase the controlling stake held by the transaction parties [3][4]. - The specific terms of the transaction, including the final price, will be determined based on an evaluation report from a qualified assessment agency [4]. Group 2: Company Background - Beijing Weizhun was established in February 2014 with a registered capital of 15.8824 million yuan and has developed a complete system for R&D, production, sales, and service [3]. - The company has provided production testing services for several mainstream mobile phone brands, with millions of devices serviced since its inception [3]. - Beijing Weizhun has introduced leading products in the industry, including the 4G product T6290D in 2018 and the 5G product T6290E in 2019, and has achieved over 2000 large-scale applications by 2021 [3]. Group 3: Industry Position - Jing Sheng Co., Ltd. is a key player in the semiconductor equipment sector, providing customized products such as semiconductor-grade single crystal silicon furnaces and silicon carbide single crystal furnaces [4]. - The company's core products, including semiconductor-grade single crystal silicon furnaces and silicon carbide single crystal furnaces, account for a significant portion of its main business revenue [4]. - The company has achieved mass production of 28nm process technology and is one of the few domestic companies to realize mass production of 8-inch silicon carbide single crystal furnaces, supplying major clients like BYD and Sanan Optoelectronics [4].