Tillkännagivande • Mar 31
Yusys Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Yusys Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Tillkännagivande • Mar 29
Yusys Technologies Co., Ltd., Annual General Meeting, May 11, 2026 Yusys Technologies Co., Ltd., Annual General Meeting, May 11, 2026, at 14:00 China Standard Time. Location: Tower A, No. 1, Jianguomenwai Avenue, Chaoyang District, Beijing China Tillkännagivande • Dec 31
Yusys Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Yusys Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Tillkännagivande • Sep 30
Yusys Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Yusys Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Tillkännagivande • Jul 02
Yusys Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Yusys Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Tillkännagivande • Apr 24
Yusys Technologies Co., Ltd. Approves Cash Dividend for 2024 Yusys Technologies Co., Ltd. at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 2.60000000 per 10 shares (tax included) for 2024. Tillkännagivande • Apr 01
Yusys Technologies Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Yusys Technologies Co., Ltd. announced on 31 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 2.60000000. Tillkännagivande • Dec 31
Yusys Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 Yusys Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.007 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.007 loss in 3Q 2023). Revenue: CN¥860.9m (down 23% from 3Q 2023). Net income: CN¥99.2m (up CN¥104.4m from 3Q 2023). Profit margin: 12% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.69, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 29x in the IT industry in China. Total returns to shareholders of 7.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.82 per share. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Tillkännagivande • Sep 30
Yusys Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Yusys Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥13.19, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the IT industry in China. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.94 per share. Tillkännagivande • Sep 24
Yusys Technologies Co., Ltd. Approves Board and Non-Employee Supervisor Elections Yusys Technologies Co., Ltd. at its EGM held on September 20, 2024 approved election of Wang Xia and Li Hua as independent directors and Jin Xiaoling as non-employee supervisor. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17. Revenue: CN¥889.2m (down 22% from 2Q 2023). Net income: CN¥130.9m (up 6.6% from 2Q 2023). Profit margin: 15% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Tillkännagivande • Jun 29
Yusys Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Yusys Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 01
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 43% higher than last year. Ex-date: 5th June 2024 Payment date: 5th June 2024 Dividend yield will be 1.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 31
Yusys Technologies Co., Ltd. Announces Final Profit Distribution on A Shares for the Year 2023, Payable on June 5, 2024 Yusys Technologies Co., Ltd. announced final profit distribution plan to be implemented on A shares cash dividend/10 shares (tax included) of CNY 2.00000000 for the year 2023. Record date of 04 June 2024. Ex-date of 05 June 2024. Payment date of 05 June 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.059 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.059 in 1Q 2023). Revenue: CN¥600.6m (down 24% from 1Q 2023). Net income: CN¥32.1m (down 23% from 1Q 2023). Profit margin: 5.3% (in line with 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.36 in FY 2022) Full year 2023 results: EPS: CN¥0.47 (up from CN¥0.36 in FY 2022). Revenue: CN¥5.20b (up 21% from FY 2022). Net income: CN¥325.7m (up 29% from FY 2022). Profit margin: 6.3% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.36 in FY 2022) Full year 2023 results: EPS: CN¥0.47 (up from CN¥0.36 in FY 2022). Revenue: CN¥5.20b (up 21% from FY 2022). Net income: CN¥323.3m (up 28% from FY 2022). Profit margin: 6.2% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.25, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the IT industry in China. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.76 per share. Buying Opportunity • Jan 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥19.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 17%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Tillkännagivande • Dec 29
Yusys Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Yusys Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.007 loss per share (vs CN¥0.011 loss in 3Q 2022) Third quarter 2023 results: CN¥0.007 loss per share (improved from CN¥0.011 loss in 3Q 2022). Revenue: CN¥1.12b (up 7.7% from 3Q 2022). Net loss: CN¥5.18m (loss narrowed 41% from 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.18 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18. Revenue: CN¥1.14b (down 4.3% from 2Q 2022). Net income: CN¥122.8m (up 2.6% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (6.3% net profit margin). Buying Opportunity • Aug 11
Now 21% undervalued Over the last 90 days, the stock is up 2.5%. The fair value is estimated to be CN¥22.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 4.6%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.88, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 33x in the IT industry in China. Total loss to shareholders of 24% over the past three years. Tillkännagivande • May 30
Yusys Technologies Co., Ltd. Implements Final Dividend of A Shares for 2022, Payable on 2 June 2023 Yusys Technologies Co., Ltd. implemented final cash dividend of CNY 1.40000000 per 10 A shares (tax included) for 2022. Record date is 1 June 2023. Ex-date is 2 June 2023. Payment date is 2 June, 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.002 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.059 (up from CN¥0.002 in 1Q 2022). Revenue: CN¥793.0m (up 95% from 1Q 2022). Net income: CN¥41.9m (up CN¥40.3m from 1Q 2022). Profit margin: 5.3% (up from 0.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 21% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥22.08, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 37x in the IT industry in China. Total loss to shareholders of 3.7% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). CFO, Senior VP, Board Secretary & Director Steve Dai was the last director to join the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.011 loss per share (vs CN¥0.032 profit in 3Q 2021) Third quarter 2022 results: CN¥0.011 loss per share (down from CN¥0.032 profit in 3Q 2021). Revenue: CN¥1.04b (up 48% from 3Q 2021). Net loss: CN¥8.76m (down 140% from profit in 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.45, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the IT industry in China. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.45 per share. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.18 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥1.20b (up 28% from 2Q 2021). Net income: CN¥119.7m (down 25% from 2Q 2021). Profit margin: 10.0% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 28%, compared to a 26% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Jul 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.002 (vs CN¥0.041 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.002 (up from CN¥0.041 loss in 1Q 2021). Revenue: CN¥406.6m (down 2.5% from 1Q 2021). Net income: CN¥1.60m (up CN¥27.9m from 1Q 2021). Profit margin: 0.4% (up from net loss in 1Q 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 31%, compared to a 25% growth forecast for the industry in China. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.61 (vs CN¥0.71 in FY 2020) Full year 2021 results: EPS: CN¥0.61 (down from CN¥0.71 in FY 2020). Revenue: CN¥3.73b (up 25% from FY 2020). Net income: CN¥394.9m (down 13% from FY 2020). Profit margin: 11% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 23%, compared to a 25% growth forecast for the industry in China. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.61 (down from CN¥0.71 in FY 2020). Revenue: CN¥3.73b (up 25% from FY 2020). Net income: CN¥394.9m (down 13% from FY 2020). Profit margin: 11% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 23%, compared to a 25% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.90, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the IT industry in China. Total returns to shareholders of 14% over the past year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.032 (vs CN¥0.011 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥702.5m (up 29% from 3Q 2020). Net income: CN¥21.7m (up 207% from 3Q 2020). Profit margin: 3.1% (up from 1.3% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.19 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥934.0m (up 13% from 2Q 2020). Net income: CN¥159.9m (up 29% from 2Q 2020). Profit margin: 17% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥17.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the IT industry in China. Total loss to shareholders of 46% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.31 per share. Reported Earnings • Apr 29
First quarter 2021 earnings released: CN¥0.066 loss per share (vs CN¥0.013 profit in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CN¥417.1m (up 65% from 1Q 2020). Net loss: CN¥26.3m (down CN¥31.6m from profit in 1Q 2020). Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥1.13 (vs CN¥0.69 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.98b (up 12% from FY 2019). Net income: CN¥452.9m (up 65% from FY 2019). Profit margin: 15% (up from 10% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥30.71, the stock is trading at a trailing P/E ratio of 26.9x, down from the previous P/E ratio of 32.2x. This compares to an average P/E of 51x in the IT industry in China. Total return to shareholders over the past year is a loss of 12%. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥1.14 (vs CN¥0.69 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.98b (up 13% from FY 2019). Net income: CN¥454.5m (up 66% from FY 2019). Profit margin: 15% (up from 10% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 29%, compared to a 34% growth forecast for the IT industry in China. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥30.47 The company is down 25% from its price of CN¥40.87 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥23.21 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥33.10 The company is down 22% from its price of CN¥42.28 on 24 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥23.14 per share. Valuation Update With 7 Day Price Move • Nov 17
Market pulls back on stock over the past week After last week's 16% share price decline to CN¥34.03, the stock is trading at a trailing P/E ratio of 41.2x, down from the previous P/E ratio of 49.3x. This compares to an average P/E of 74x in the IT industry in China. Total returns to shareholders over the past year are 34%. Is New 90 Day High Low • Nov 14
New 90-day low: CN¥34.64 The company is down 29% from its price of CN¥49.09 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.32 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥321.1m, up 57% from the prior year. Total revenue was CN¥2.73b over the last 12 months, up 4.2% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day low: CN¥40.87 The company is down 29% from its price of CN¥57.48 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.53 per share. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥41.20 The company is down 5.0% from its price of CN¥43.15 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.90 per share. Tillkännagivande • Sep 11
Yusys Technologies Co., Ltd. announced that it expects to receive CNY 1.5 billion in funding Yusys Technologies Co., Ltd. (SZSE:300674) announced a private placement of not more than 41,198,920 A shares for gross proceeds of not more than CNY 1,500,000,000 on September 9, 2020. The transaction will include participation from not more than 35 investors. All securities issued in the transaction have a hold period of six months from the issuance. The transaction has been approved in the 22nd meeting of the 2nd directorate and is subject to the approval of the shareholders meeting, Shenzhen Stock Exchange and the China Securities Regulatory Commission. The validity of the transaction is 12 months from the approval of the shareholders of the company. Tillkännagivande • Aug 11
Yusys Technologies Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Yusys Technologies Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020 Tillkännagivande • Jul 30
Baidu, Inc. (NasdaqGS:BIDU) completed the acquisition of 5.71% stake in Yusys Technologies Co., Ltd. (SZSE:300674) from CSOF Genetic Investment Limited and CEL Genetic Investment Limited. Baidu, Inc. (NasdaqGS:BIDU) signed an agreement to acquire 5.71% stake in Yusys Technologies Co., Ltd. (SZSE:300674) from CSOF Genetic Investment Limited and CEL Genetic Investment Limited for CNY 600 million on January 7, 2020. Under the agreement, CSOF will sell over 15.41 million shares or 3.85% stake in Yusys Technologies for CNY 405 million and CEL plans to sell around 7.45 million shares or 1.86% stake for CNY 195 million.
Baidu, Inc. (NasdaqGS:BIDU) completed the acquisition of 5.71% stake in Yusys Technologies Co., Ltd. (SZSE:300674) from CSOF Genetic Investment Limited and CEL Genetic Investment Limited on April 3, 2020.