Tian De Yu: Controlling Shareholder and Concerted Parties Plan to Increase Holdings by 20 Million to 40 Million Yuan

On the evening of March 18, Tiande Yu (688252) issued an announcement titled “Regarding the Increase in Shares by One of the Controlling Shareholder’s Concerted Parties and the Follow-up Increase Plan.” The company received a notice from the controlling shareholder, Hengfeng Limited, that its concerted party, Puyu Investment Co., Ltd. (hereinafter referred to as “Puyu Investment”), indirectly increased its holdings by 300,200 shares through a profit swap agreement on March 18, 2026, using its own funds of 6.2736 million yuan, representing 0.07% of the company’s total share capital.

Puyu Investment also announced its plan to increase holdings, intending to continue increasing its shares of Tiande Yu through profit swap agreements over the next six months starting from March 18, 2026. The total amount of the increase (including the current increase) will not be less than 20 million yuan and not more than 40 million yuan. The company emphasizes that all funds for this increase come from the major shareholder’s own funds, with no leverage financing arrangements.

Puyu Investment stated that the purpose of this increase is based on confidence in Tiande Yu’s future sustainable and stable development and recognition of its long-term investment value, aiming to boost investor confidence. The method of increasing shares will be through a profit swap contract. Under this contract, Puyu Investment will transfer full cash collateral to a securities company, which will then purchase shares through its asset management account. The income rights of these shares belong to Puyu Investment. This increase will not set a price range and will be implemented based on the company’s stock value judgment and secondary market fluctuations.

Puyu Investment also committed that it will not reduce its holdings of the company’s shares before the completion of the increase plan.

Data shows that Tiande Yu is a leading enterprise in the domestic display driver and electronic price tag chip fields, focusing on mobile smart terminals and smart IoT chip design. Its core layout includes four major product matrices: smart mobile terminal display driver chips, camera voice coil motor driver chips, fast-charging protocol chips, and electronic price tag driver chips, widely covering consumer electronics, smart hardware, industrial IoT, and other diverse application scenarios. Currently, Tiande Yu has successfully entered the supply chains of top domestic and international brands such as Samsung, OPPO, vivo, Honor, Walmart, and Carrefour.

Recently, Tiande Yu announced its 2025 performance forecast, showing that the company achieved a total revenue of 2.19 billion yuan in 2025, a year-on-year increase of 4.17%; net profit attributable to the parent company was 234 million yuan, and net profit after non-recurring gains and losses was 219 million yuan.

Industry-wise, according to WSTS forecasts, the global semiconductor market size is expected to grow by 12.5% year-on-year in 2026. The continued recovery of core downstream demand in consumer electronics and smart mobile terminals will directly drive the demand for display driver, power management, fast-charging chips, and other segmented markets.

In February this year, Tiande Yu also announced an equity incentive plan, granting 2.8 million restricted shares at a grant price of 12.93 yuan per share to 104 incentive objects. The performance assessment targets set in the plan include three core indicators: revenue growth rate, overall product shipment growth rate, and net profit growth rate. Meeting any one of these indicators in each period will qualify: for the 2026 vesting period (based on 2025), the growth rates should be no less than 20%, 20%, and 30%; for 2027, no less than 30%, 30%, and 40%; and for 2028, no less than 40%, 40%, and 50%.

(Source: Securities Times)