Jiangsu Dagang Co Ltd

Dagang Co announced on the evening of October 9 that Beijing Xiaomi Smart Manufacturing Equity Investment Fund Partnership and Shanghai Semiconductor Materials Fund Phase II formed a consortium to acquire a 16% stake in Suzhou Keyang Semiconductor Co for 200 million yuan. The two parties each plan to contribute 100 million yuan to take an 8% stake, and the transaction still requires shareholder review and approval from state-owned assets authorities. Looking back, on July 30, 2026, Dagang Co's board approved its wholly owned subsidiary Jiangsu Keli Semiconductor Co to publicly list its 16% stake in Suzhou Keyang for transfer, with a reserve price of 200 million yuan. After the transfer, Keli Semiconductor will still hold a 12.56% stake in Suzhou Keyang. Dagang Co said that based on the transaction price, it can recover about 200 million yuan, with an estimated impact on current profit or loss of about 40 million yuan. Suzhou Keyang is not yet profitable at this stage, with a net loss of about 16 million yuan in the first half of this year. Regarding market expectations that Xiaomi is increasing its push into semiconductor packaging, a person close to Xiaomi Group told Securities Times reporters on October 10 that Xiaomi Group is only one of the investors and managers of Beijing Xiaomi Smart Manufacturing Equity Investment Fund Partnership, and this move cannot be equated with Xiaomi Group, nor does it represent a new strategic move by Xiaomi Group.

Dagang Shares released its 2026 interim report, with total operating revenue of 233 million yuan, up 45.55% year-on-year, and net profit attributable to the parent of 54.5439 million yuan, up 71.74% year-on-year, both achieving growth for two consecutive years. Net cash inflow from operating activities was 57.5526 million yuan, up 18.09% year-on-year. The company's asset-liability ratio was 18.00%, gross margin was 18.80%, ROE was 1.60%, and diluted earnings per share was 0.09 yuan. The number of shareholders was 82,200, and the top ten shareholders held 53.49% of the total share capital.