Zhongying Electronics Co., LTD. (hereinafter referred to as "Zhongying Electronics") issued a trading suspension announcement on June 8th. The reason is that its controlling shareholder, Weilang International Group Co., LTD. (hereinafter referred to as "Weilang International"), is planning matters related to the change of the company's control.
The following (9th) day, Zhongying Electronics once again issued an announcement stating that its controlling shareholder, Weilang International, and shareholder WinChannel Limited have signed a "Share Transfer Agreement" with Shanghai Zhineng Industrial Electronics Co., LTD. (hereinafter referred to as "Zhineng Industrial Electronics"). After the transaction is completed, the controlling shareholder of Zhongying Electronics will change from Weilang International to Zhineng Industrial Electronics. As Zhineng Gongdian itself has no actual controller, the actual controller of Zhongying Electronics will be changed from the original actual controller Fu Qiming to a state of "no actual controller".
According to the agreement, Weilang International will transfer 31.72 million unrestricted tradable shares it holds, and WinChannel will transfer 16.77 million unrestricted tradable shares, totaling 48.49 million shares, accounting for 14.20% of the company's total share capital. The share transfer price is 25.677 yuan per share, and the total transaction price is 1.245 billion yuan.
The stock of Zhongying Electronics resumed trading on June 10, 2025. The announcement emphasized that the implementation result of this matter is still uncertain, and investors need to make decisions with caution.
On the secondary market, on June 10th, Zhongying Electronics opened high and continued to rise, with the increase once reaching 16.57%. By the close of trading on that day, the stock price closed at 23 yuan per share, up 7.43%. However, its upward trend failed to continue. The stock price dropped immediately after the opening on the 11th and finally closed at 22.34 yuan per share, down 2.87%. On the 12th, its share price rebounded and closed at 23.60 yuan per share, with an increase of 5.64%. As of the time of publication, the total market value of Zhongying Electronics has reached 7.968 billion yuan.
The announcement shows that Zhineng Industrial Electronics was established in December 2020 with a registered capital of 2.446 billion yuan. It is positioned as a domestic high-end intelligent industrial electronics industry platform-level enterprise group in China, mainly focusing on the layout and industrial ecosystem construction in the fields of industrial and automotive chips. The main investors include the Shanghai Science and Technology Innovation Investment Group Guiding Fund (the Shanghai government investment platform), Wuyuefeng Science and Technology Innovation, and the Xuzhou Municipal Government Investment Platform, etc. In terms of finance, as of the end of 2024, the total assets of Zhineng Electric Power were approximately 5.17 billion yuan, the net assets were approximately 5.102 billion yuan, and the asset-liability ratio was 1.32%. In 2024, it is expected to achieve a revenue of approximately 206 million yuan and a net profit of approximately 9.35 million yuan.
The announcement stated that this equity change was based on Zhineng Industrial Electronics' own development strategy and its optimism about the development prospects of Zhongying Electronics. After the transaction is completed, Zhineng Electric Power will exercise its shareholder rights in accordance with the law, actively participate in the decision-making of the listed company's governance structure, improve the operating conditions of the listed company, enhance its profitability, and share the development achievements of the listed company with all shareholders.
Some analyses point out that the state-owned background shareholders of Zhineng Industrial Electronics are expected to bring capital injection and policy support to Zhongying Electronics, adjust its business style, and provide convenience in aspects such as industrial resource connection and project approval. Relying on the strong resource integration capabilities of the new actual controller, Zhongying Electronics is expected to accelerate its strategic expansion into high-value-added fields such as automotive electronics and industrial control.
However, the relevant procedures for this agreement transfer still need to be completed. Whether this matter can be ultimately implemented and the implementation results remain uncertain. The market will closely monitor the implementation of its subsequent strategy and performance.
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