Fangzheng Securities Research Report pointed out that Andeley acquired Yongqiang Technology to achieve “juice main business+electronic materials” two-wheel drive. It is planned to acquire 62.06% of Yongqiang Technology's shares with 793 million yuan in cash. After the transaction is completed, Yongqiang Technology will become the company's holding subsidiary. Yongqiang Technology's main products are electronic information interconnection materials, including copper-clad plates and semi-cured sheets. They are the core materials for making printed circuit boards. Printed circuit boards are important components in modern electronic information products as carriers for the electrical connections of electronic components. Currently, Yongqiang Technology has an annual production capacity of 1,000 square meters of high-speed high-frequency and BT-type electronic information interconnection materials in Ningbo. Financial situation of the target company: 25-year revenue was 229 million yuan, net profit was -43.27 million yuan, 26Q1 revenue was 43.26 million yuan, and net profit was 4.48 million yuan, showing a continuous improvement trend. Maintain a “Recommended” rating.

Fangzheng Securities Research Report pointed out that Andeley acquired Yongqiang Technology to achieve “juice main business+electronic materials” two-wheel drive. It is planned to acquire 62.06% of Yongqiang Technology's shares with 793 million yuan in cash. After the transaction is completed, Yongqiang Technology will become the company's holding subsidiary. Yongqiang Technology's main products are electronic information interconnection materials, including copper-clad plates and semi-cured sheets. They are the core materials for making printed circuit boards. Printed circuit boards are important components in modern electronic information products as carriers for the electrical connections of electronic components. Currently, Yongqiang Technology has an annual production capacity of 1,000 square meters of high-speed high-frequency and BT-type electronic information interconnection materials in Ningbo. Financial situation of the target company: 25-year revenue was 229 million yuan, net profit was -43.27 million yuan, 26Q1 revenue was 43.26 million yuan, and net profit was 4.48 million yuan, showing a continuous improvement trend. Maintain a “Recommended” rating.