Longyang Electronics announced that after completing the 70% equity acquisition of Suzhou Deyou New Material Technology, it plans to integrate the die-cutting business and some equipment of Vietnam Deyou into Vietnam Longyang, and deregister the legal entity of Vietnam Deyou. The company intends to sell assets including land, factory buildings, office buildings, supporting infrastructure, and machinery equipment located at Plot CN-10, Van Trung Industrial Park, Van Trung Commune, Bac Ninh Province, Vietnam, to O SUNG RF VINA CO., LTD., with a preliminary negotiated transaction price of 2.62 million US dollars. As of December 31, 2025, Vietnam Deyou's total assets were 22.74 million yuan, total liabilities were 9.57 million yuan, and net profit attributable to the parent company was negative 4.65 million yuan. The company stated that this move will optimize resource allocation and improve management efficiency, and is expected to reduce net profit attributable to the parent company by approximately 0.78 million US dollars. In the first quarter of 2026, Longyang Electronics achieved revenue of 167 million yuan and net profit attributable to the parent company of 26.92 million yuan.
Long Young Electronic (Kunshan) Co. Ltd. ASale of Vietnam subsidiary assets at a loss expected to reduce net profit by ~0.78 million USD.