Yingxin Development (000620) Limit-Up Analysis: Semiconductor Transformation Drivers and Market Impact

Yingxin Development Co., Ltd. (stock code: 000620) was formerly Xinhua Lian Cultural Tourism Development Co., Ltd., and completed its name change on June 25, 2025 [2]. The company mainly engages in cultural tourism scenic spot development and operation, real estate development and construction, business management, etc. [1], and owns well-known cultural tourism projects such as Changsha Tongguan Kiln Ancient Town and Wuhu Jiuzi Ancient Town [0].

The core driver behind Yingxin Development’s recent stock price limit-up is its strategic transformation to the semiconductor industry. The company successfully entered the semiconductor field by acquiring a controlling stake in Guangdong Changxing Semiconductor Technology Co., Ltd. [0]. This transformation coincided with the semiconductor sector becoming a market hotspot; the global semiconductor market is expected to grow to $697 billion [0], and China’s policies support private investment and semiconductor industry development [6], providing a favorable environment for the company’s transformation.

The company’s stock price rose significantly around October 22, 2025, and trading activity increased sharply [0]. Its acquisition event aligns with the national industrial policy orientation and has been sought after by market funds [0]. In the future, as the semiconductor business is gradually implemented, the company is expected to benefit from industry growth and policy dividends.