Jingfeng Mingyuan: Approval from the CSRC for registration of the issuance of shares and cash payment to acquire assets

NightAirdropper · 2026-02-14T10:14:54+00:00

Jingfeng Mingyuan plans to acquire 100% equity of Sichuan Yichong Technology through issuing shares and cash, and raise supporting funds of no more than 1.8 billion yuan. The company mainly focuses on power management chips and control drive chips. From 2022 to 2024, its operating revenue shows fluctuating growth, while net profit continues to be in loss, facing multiple risk warnings.

NightAirdropper

2026-02-14 10:14:54

Abstract generation in progress

Radar Finance Text | Yang Yang Edited | Li Yihui

On February 13, Jingfeng Mingyuan (688368) announced that the company plans to acquire 100% equity of Sichuan Yichong Technology Co., Ltd. through issuing shares and paying cash, while also raising supporting funds. The company has received approval from the China Securities Regulatory Commission for registration and will issue shares to multiple investment partnership enterprises to purchase related assets, with the company’s share issuance for supporting funds not exceeding 1.8 billion yuan.

According to Tianyancha data, Jingfeng Mingyuan was established on October 31, 2008, with a registered capital of 88.490481 million RMB. The legal representative is Hu Liqiang. The registered address is 9-11F, No. 3, Lane 5005, Shenjiang Road, China (Shanghai) Pilot Free Trade Zone, and Unit 102, Building 2. Its main business involves the research and development and sales of power management chips and control drive chips.

Currently, the company’s chairman is Hu Liqiang, the secretary to the board is Yang Biao, with 619 employees. The actual controllers are Hu Liqiang and Liu Jiexin.

The company has stakes in 10 subsidiaries, including Jingfeng Mingyuan Semiconductor (Hong Kong) Limited, Shanghai Xinfei Semiconductor Technology Co., Ltd., Chengdu Jingfeng Mingyuan Semiconductor Co., Ltd., Hangzhou Jingfeng Mingyuan Semiconductor Co., Ltd., Bright Power Semiconductor (Hong Kong) Limited, among others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 1.079 billion yuan, 1.303 billion yuan, and 1.504 billion yuan, respectively, with year-over-year growth of -53.12%, 20.74%, and 15.38%. Net profit attributable to the parent was -206 million yuan, -91.26 million yuan, and -33.05 million yuan, with year-over-year growth rates of -130.39%, 55.67%, and 63.78%. During the same period, the company’s asset-liability ratio was 39.33%, 37.99%, and 38.67%.

Regarding risks, Tianyancha information shows the company has 30 internal Tianyan risks, 46 surrounding Tianyan risks, 34 historical Tianyan risks, and 293 early warning Tianyan risks.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.