SMARTGIANT: Plans to acquire 71% of Keke Electronics, the transaction is progressing in an orderly manner

Guangzhou SMARTGIANT Technology Co., Ltd. released a progress announcement. The company plans to acquire 71% of the shares of Qingdao Kekai Electronic Research Institute Co., Ltd. from 23 trading counterparties through the issuance of shares and cash payment, and raise supporting funds, which is expected to constitute a significant asset restructuring and related party transaction. Shanghai Dongzhou Asset Appraisal Co., Ltd. has completed the extended appraisal and issued a report. The company plans to adjust the transaction plan based on the appraisal results, which is expected not to constitute a significant change

SMARTGIANT: Net loss of 14.9582 million yuan in the first half of 2025

SMARTGIANT announced that its operating revenue in the first half of 2025 was 103 million yuan, a year-on-year increase of 34.65%. The net loss attributable to shareholders of the listed company was 14.9582 million yuan, compared to a net profit of 8.027 million yuan in the same period last year

SMARTGIANT: Qichuang Tianrui plans to reduce its holdings of no more than 3% of the company's shares

According to the announcement released by SMARTGIANT on the Zhitong Finance APP, Qichuang Tianrui plans to reduce its holdings of the company's shares by no more than 2,000,100 shares due to its own funding needs, with a reduction ratio not exceeding 3.00% of the company's total share capital. This will be carried out within three months after the 15 trading days following the announcement of this share reduction plan

Mergers and acquisitions concept stocks opened actively, with Optics Tech and TQM hitting the daily limit up, and SMARTGIANT, Ferrotec, SHM, Yanggu Huatai, and other stocks opening high. The China Securities Regulatory Commission recently issued the "Decision on Amending the 'Administrative Measures for Major Asset Restructuring of Listed Companies'," encouraging private equity funds to participate in mergers and acquisitions of listed companies

SMARTGIANT released its first-quarter performance, with a net loss attributable to the parent company of 12.54 million yuan

According to the Zhitong Finance APP, SMARTGIANT disclosed its first-quarter report for 2025, showing that the company achieved revenue of 31.71 million yuan during the reporting period, a year-on-year increase of 20.83%; the net profit attributable to the parent company was a loss of 12.54 million yuan; the net profit excluding non-recurring gains and losses was a loss of 13.07 million yuan. The basic earnings per share were -0.19 yuan