Xiandao Base Electric announced plans to invest in Guangdong Xiandao Microelectronics Technology Co., Ltd. through a capital increase, acquiring more than 50% of its equity and achieving control, with a pre-investment valuation of approximately 2 billion yuan. In January this year, Xiandao Microelectronics was valued at about 593 million yuan during its Series A funding round, meaning its valuation has surged 2.37 times in just half a year. Xiandao Microelectronics has delivered sustained performance growth, with unaudited revenue of 884 million yuan and net profit of 91.19 million yuan in 2025, and revenue of 352 million yuan and net profit of 39.98 million yuan in the first quarter of 2026. Notably, just a week ago, Guangzhi Technology, controlled by the actual controller Zhu Shihui, announced a planned 301 million yuan capital increase to acquire a 50.08% stake in Guangdong Xianrui Technology Co., Ltd., which was carved out from Xiandao Microelectronics. Xiandao Microelectronics transferred all its indium phosphide-related assets, liabilities, business, production lines, and patents to Xianrui Technology. Xiandao Base Electric reported a net loss attributable to the parent of 127 million yuan in 2025, down 217.72% year-on-year. The company is accelerating its audit and evaluation work and will fully disclose all details of the target through a formal announcement later.
Shang Gong Group Co Ltd AXiandao Base Electric plans to acquire Xiandao Microelectronics at a 2 billion yuan valuation, a 2.37x increase in half a year