On the evening of March 5, Xinyuan Micro (688037) announced that the company intends to plan a change of control.

According to the announcement, in view of the major uncertainty in this matter, in order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, Xinyuan Micro shares have been suspended since March 6, and the suspension time is expected to be no more than 2 trading days.

During the suspension period, Xinyuan Micro will fulfill its information disclosure obligations in strict accordance with the provisions and requirements of laws and regulations according to the progress of the matter. After the relevant major matters are determined, the company will issue relevant announcements in a timely manner and apply for the resumption of trading of the company's shares.

According to public information, Shenyang Xinyuan Microelectronic Equipment Co., Ltd. was established in 2002 and is a national high-tech enterprise initiated by the Shenyang Institute of Automation, Chinese Academy of Sciences, specializing in the research and development, production, sales and service of semiconductor production equipment, and is committed to providing customers with overall solutions for semiconductor equipment and processes.

In terms of performance, Xinyuan Micro's performance has continued to rise in recent years, but in 2024, its net profit will decline year-on-year for the first time in five years.

Past financial data show that the net profit of Xinyuan Micro from 2019 to 2023 will be 29 million yuan, 49 million yuan, 77 million yuan, 200 million yuan, and 251 million yuan respectively, with an increase of 66.79%, 58.41%, 158.77%, and 25.21% during the period.

A few days ago, Xinyuan Micro announced its 2024 performance report, during which the company achieved revenue of 1.77 billion yuan, a year-on-year increase of 3.09%; net profit was 211 million yuan, down 15.85% year-on-year; The net profit after deduction fell nearly sixty percent year-on-year to 81.7536 million yuan.

Xinyuan Micro performance express report said that the sharp decline in non-net profit was mainly due to the fact that the company continued to increase R&D investment and R&D expenses increased during the reporting period; During the reporting period, with the expansion of the company's scale, the cost increased; Government subsidies included in other income increased during the reporting period.

In the secondary market, on March 5, Xinyuan Micro's stock continued to decline, falling more than 4% intraday, and fell 3.23% to 88.48 yuan per share as of the close, with a total market value of 17.78 billion yuan.