Xingye Technology said its shares have risen sharply, with the cumulative deviation in closing-price gains exceeding 20% over two consecutive trading days.
According to Jin10, the company said it plans to acquire net assets related to an indium phosphide business, with the book value expected to be no more than 25 million yuan. It estimated the business would generate no more than 5 million yuan in revenue from January to May 2026, representing a very small share of the company’s 2025 revenue, and said the impact on current-period revenue and net profit was expected to be minimal.
The company said the proposed acquisition still needs to be reviewed by its board of directors and remains uncertain.
Xingye Technology said its main business remains the processing and sale of natural leather materials, and it has no management experience or related resources in the semiconductor new materials field.
The company also warned that its share price has been highly volatile due to market sentiment and concept-driven speculation, has diverged from current performance, and faces the risk of a significant pullback.
Xingye Technology Says Indium Phosphide Asset Deal Would Have Minimal Impact
2026-06-24 20:40:25
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