Group 1 - The Hang Seng Tech Index opened high and continued to rise, with an increase of 3% at the time of reporting, driven by significant gains in stocks such as Hua Hong Semiconductor, which rose over 7%, and Baidu Group and Li Auto, both up over 6% [1] - Major tech stocks showed positive performance, with Alibaba-W up 2.52%, Tencent Holdings up 2.67%, JD Group-SW up 2.51%, Xiaomi Group-W up 2.6%, NetEase-S up 4.85%, Meituan-W up 1.74%, Kuaishou-W up 2.11%, and Bilibili-W up 2.9% [1] - Baidu announced that Kunlun Chip has submitted a listing application to the Hong Kong Stock Exchange for approval to list and trade its shares on the main board, with plans for a global offering that includes public offerings in Hong Kong and allocations to institutional and professional investors [1] Group 2 - The Ministry of Commerce and other five departments issued a notice regarding the implementation of a subsidy program for the replacement of old home appliances and the purchase of new digital and smart products starting January 1, 2026 [2] - The subsidy will apply to six categories of home appliances and four categories of digital and smart products, with a standard subsidy of 15% of the final sales price after discounts, capped at 1,500 yuan for home appliances and 500 yuan for digital products per item [2]

Group 1 - The core viewpoint of the article highlights the strong performance of Hong Kong chip stocks, with notable increases in share prices for several companies [1] - Hua Hong Semiconductor saw a rise of over 7%, while ChipMOS Technologies increased nearly 5%, and both China Electronics Huada Technology and ASMPT, as well as SMIC, rose by over 3% [1] - The article mentions that Hua Hong Semiconductor plans to acquire a 97.4988% stake in Hua Li Microelectronics from four trading parties through a share issuance [1] Group 2 - The transaction price for the acquisition is set at 8.268 billion RMB, with plans to raise 7.556 billion RMB through a stock issuance to no more than 35 qualified investors [1]

Group 1 - The core viewpoint of the article highlights the strong performance of Hong Kong chip stocks, with notable increases in share prices for several companies, including Hua Hong Semiconductor and ASMPT [1] - Hua Hong Semiconductor announced plans to acquire a 97.4988% stake in Hua Li Micro from four trading partners through a share issuance, with a transaction value of 8.268 billion RMB and plans to raise 7.556 billion RMB through stock issuance to no more than 35 qualified investors [1] Group 2 - Hua Hong Semiconductor's stock rose by 7.74%, reaching a latest price of 80.050 RMB and a total market capitalization of 138.967 billion RMB [2] - Chip stocks such as Xin Zhi Holdings, Zhongdian Huada Technology, ASMPT, and SMIC also saw increases, with respective price changes of 4.76%, 3.88%, 3.29%, and 3.36% [2] - The total market capitalizations for these companies include Xin Zhi Holdings at 1.075 billion RMB, Zhongdian Huada Technology at 2.72 billion RMB, ASMPT at 33.422 billion RMB, and SMIC at 590.83 billion RMB [2]

每经AI快讯，1月2日，港股华虹半导体股价走强，涨幅一度扩大至8.8%，截至发稿时涨6.8%，现报79.2 港元，成交额4.5亿港元，总市值1541亿港元。 （文章来源：每日经济新闻） ...

Core Viewpoint - Huahong Semiconductor (01347) has seen a significant stock price increase of over 8%, currently trading at 79.9 HKD with a transaction volume of 389 million HKD, following the announcement of a major acquisition deal [1] Group 1: Acquisition Details - The company plans to acquire a total of 97.4988% equity in Huali Microelectronics from Huahong Group and three other parties through a share issuance [1] - The total transaction price for this acquisition is set at 8.268 billion RMB, with an additional fundraising target of 7.556 billion RMB from no more than 35 qualified investors [1] Group 2: Strategic Implications - This transaction focuses on overlapping business and assets in the 65/55nm and 40nm process nodes, which will address historical issues of competition within the industry [1] - The completion of this deal is expected to enhance the company's governance structure and business independence, aligning with regulatory requirements and market expectations [1] - As a comprehensive specialty process platform, Huahong Semiconductor will integrate Huali Micro's 12-inch wafer foundry production lines and mature process platforms, leading to sustained growth in production capacity [1]

责任编辑：郝欣煜 港股三大指数持续拉升，恒指、国指涨超1%，科指涨超3%，科指成分股中，华虹半导体涨超7%，百 度、理想汽车涨超6%，网易、携程集团涨超4%，中芯国际涨超3%。 港股三大指数持续拉升，恒指、国指涨超1%，科指涨超3%，科指成分股中，华虹半导体涨超7%，百 度、理想汽车涨超6%，网易、携程集团涨超4%，中芯国际涨超3%。 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | | 恒生科技指数 | 5682.28 | +3.01% | | 800700 | | | | 国企指数 | 9070.15 | +1.76% | | 800100 | | | | 恒生指数 | 26041.69 | +1.60% | | 800000 | | | 责任编辑：郝欣煜 ...

Core Viewpoint - Huahong Semiconductor (01347) has seen a significant stock price increase of over 8%, currently trading at 79.9 HKD with a transaction volume of 389 million HKD, following the announcement of a major acquisition deal [1] Group 1: Acquisition Details - The company plans to acquire a total of 97.4988% equity in Huahong Micro from Huahong Group and three other parties through a share issuance [1] - The total transaction value is set at 8.268 billion RMB, with an additional fundraising target of 7.556 billion RMB from no more than 35 qualified investors [1] Group 2: Strategic Implications - The acquisition focuses on overlapping business and assets in the 65/55nm and 40nm process nodes, which will address historical issues of competition within the industry [1] - Post-transaction, the company aims to enhance its governance structure and business independence, aligning with regulatory requirements and market expectations [1] - As a comprehensive specialty process platform, the integration will allow Huahong Semiconductor to directly incorporate Huahong Micro's 12-inch wafer foundry production lines and mature process platforms, leading to sustained capacity growth [1]

Group 1: Salt Lake Co. and Tianqi Materials - Salt Lake Co. expects a net profit of 8.29 billion to 8.89 billion RMB for 2025, representing a year-on-year growth of 77.78% to 90.65% [1] - The company reported a potassium chloride production of approximately 4.9 million tons and a sales volume of about 3.8143 million tons, with a price increase in potassium chloride products compared to the previous year [2] - Tianqi Materials anticipates a net profit of 1.1 billion to 1.6 billion RMB for 2025, with a growth range of 127.31% to 230.63%, driven by the increasing demand in the new energy vehicle and energy storage markets [3][4] Group 2: Huahong and Other IPOs - Huahong plans to acquire 97.5% of Huali Micro's shares for a total transaction price of 8.268 billion RMB, enhancing its 12-inch wafer foundry capacity [5][6] - Zhejiang Huasheng Radar's IPO has been accepted, aiming to raise 1.15 billion RMB for advanced radar manufacturing and research projects [7] - Guangdong Zhongtu Semiconductor's IPO has been accepted, with plans to raise 1.05 billion RMB for projects related to LED chip substrate manufacturing [8] Group 3: Financial Performance Forecasts - Hualing Steel expects a net profit of 2.6 billion to 3 billion RMB for 2025, reflecting a growth of 27.97% to 47.66% [28] - Guangku Technology forecasts a net profit of 169 million to 182 million RMB for 2025, indicating a growth of 152% to 172% [31] - Kid King anticipates a net profit of 275 million to 330 million RMB for 2025, representing a growth of 51.72% to 82.06% [32] Group 4: Mergers and Acquisitions - Helen Zhe plans to acquire 51% of Hubei Ji'an Shield Fire Technology for 739.5 million RMB, focusing on high-safety applications in various sectors [13] - Yachuang Electronics intends to purchase 40% of Ouchuangxin and 45% of Yihainengda, with a total transaction price of 317 million RMB [14] Group 5: Regulatory and Compliance Updates - Zhejiang Wen Interconnect received a regulatory warning from the Shanghai Stock Exchange for failing to disclose related party transactions [15] - Bixing Technology was also warned for incomplete meeting records and improper management of insider information [16]

国泰海通证券股份有限公司 关于华虹半导体有限公司本次交易 不构成重组上市的核查意见 华虹半导体有限公司（以下称"上市公司"）拟通过发行股份的方式购买上 海华力微电子有限公司 97.4988%股权并募集配套资金（以下简称"本次交易"）。 国泰海通证券股份有限公司（以下简称"独立财务顾问"）作为本次交易的独立 财务顾问，对本次交易是否构成《上市公司重大资产重组管理办法》（以下简称 "《重组办法》"）第十三条所规定的重组上市情形进行核查。 根据《重组办法》的规定："上市公司自控制权发生变更之日起三十六个月 内，向收购人及其关联人购买资产，导致上市公司发生以下根本变化情形之一的， 构成重大资产重组，应当按照本办法的规定履行相关义务和程序： （一）购买的资产总额占上市公司控制权发生变更的前一个会计年度经审计 的合并财务会计报告期末资产总额的比例达到百分之一百以上； （二）购买的资产在最近一个会计年度所产生的营业收入占上市公司控制权 发生变更的前一个会计年度经审计的合并财务会计报告营业收入的比例达到百 分之一百以上； （三）购买的资产净额占上市公司控制权发生变更的前一个会计年度经审计 的合并财务会计报告期末净资产额的比例 ...

上海东洲资产评估有限公司 2025 年 12 月 29 日 中国资产评估协会 资产评估业务报告备案回执 此本资产评估报告依据中国资产评估准则编制 华虹半导体有限公司拟发行股份购买资产 所涉及的上海华力微电子有限公司 股东全部权益价值 资产评估报告 东洲评报字【2025】第 2446 号 共 1 册 第 1 册 | 报告编码: | 3131020001202502983 | | | --- | --- | --- | | 合同编号: | 东洲评委(202511108)号 | | | 报告类型: | 法定评估业务资产评估报告 | | | 报告文号: | 东洲评报字【2025】第2446号 | | | 报告名称: | 华虹半导体有限公司拟发行股份购买资产所涉及的上海华力微电 子有限公司股东全部权益价值资产评估报告 | | | 评估结论: | 8,480,000,000.00元 | | | 评估报告日: | 2025年12月29日 | | | 评估机构名称: | 上海东洲资产评估有限公司 | | | 余哲超 答名人员: | (资产评估师) | 正式会员 编号:31190125 | | 王欣 | (资产评估师) | 正 ...