Mergers and Acquisitions - Huahong Company is planning to acquire controlling stakes in Shanghai Huali Microelectronics through a combination of issuing shares and cash payments to resolve competition issues related to its IPO [1] Performance Disclosure - Guangku Technology reported a revenue of 597 million yuan for the first half of 2025, representing a year-on-year increase of 41.58%, with a net profit attributable to shareholders of 51.87 million yuan, up 70.96% [2] - Huayou Cobalt disclosed a revenue of 37.2 billion yuan for the first half of 2025, showing a year-on-year growth of 23.78%, with a net profit of 2.711 billion yuan, an increase of 62.26% [3] - Guangli Micro reported a revenue of 246 million yuan for the first half of 2025, reflecting a year-on-year increase of 43.17%, with a net profit of 15.6842 million yuan, up 518.42% [4] Shareholding Changes - Nanwei Medical announced that its shareholder Zhongke Investment plans to reduce its stake by up to 2%, equating to a maximum of 3.7569 million shares [5] - Shandong Zhanggu reported that shareholders Niu Yusheng and Fang Shupeng completed their plan to reduce their holdings by approximately 700,000 shares, representing 0.225% of the total share capital [6] - Xuantai Pharmaceutical's controlling shareholder voluntarily committed not to reduce its stake for 24 months starting from August 25, 2025, to enhance investor confidence [7] Risk Matters - Guotai Environmental announced that its controlling shareholder and chairman Chen Baixiao has been placed under detention and is under investigation [8] - *ST Xinchao reported that a lawsuit has been adjudicated, and the company expressed regret for not disclosing relevant information during a management transition [9] - Shandong Zhanggu stated that there have been no significant changes in its operational situation or external environment despite a recent stock price fluctuation exceeding 20% [10]

证券代码：688347 证券简称：华虹公司 公告编号：2025-019 港股代码：01347 港股简称：华虹半导体 华虹半导体有限公司 关于筹划发行股份及支付现金购买资产并募集配套资 ? 证券停复牌情况：适用 因筹划发行股份及支付现金购买资产并募集配套资金暨关联交易事项,本公司的 相关证券停复牌情况如下： | 停牌 | | --- | | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | | | | | 期间 | | | 一、停牌事由和工作安排 为解决 IPO 承诺的同业竞争事项，华虹半导体有限公司（以下简称"公司"） 正在筹划以发行股份及支付现金的方式购买上海华力微电子有限公司（以下简称 "华力微"）控股权，同时配套募集资金（以下简称"本次交易"）。 根据《上市公司重大资产重组管理办法》和《上海证券交易所科创板股票上 市规则》等相关法规，本次交易预计不构成重大资产重组；本次交易构成关联交 易，但不会导致公司实际控制人发生变更，不构成重组上市。 金暨关联交易事项的停牌公告 本公司董事会及全体董事保 ...

Core Viewpoint - Huahong Semiconductor Co., Ltd. is planning to acquire the controlling stake of Shanghai Huali Microelectronics Co., Ltd. to resolve the competition issues arising from its IPO commitments, through a combination of issuing shares and cash payment [2][6]. Group 1: Transaction Details - The target assets for this acquisition are the equity corresponding to the competitive assets in 65/55nm and 40nm processes operated by Shanghai Huali Microelectronics, specifically related to Huahong's fifth factory [2][7]. - The acquisition is currently in the planning stage, and the company is in discussions with potential transaction parties, including Shanghai Huahong (Group) Co., Ltd., Shanghai Integrated Circuit Industry Investment Fund Co., Ltd., and others [2][8]. - The transaction will not constitute a major asset restructuring and is classified as a related party transaction, which will not lead to a change in the actual controller of the company [6][7]. Group 2: Stock Suspension - The company's stock will be suspended from trading starting August 18, 2025, for a period not exceeding 10 trading days to ensure fair information disclosure and protect investor interests [6][9]. - During the suspension, the company will fulfill its information disclosure obligations according to relevant laws and regulations, and will announce the resumption of trading once the matters are confirmed [6][9]. Group 3: Financial Performance - As of August 15, the company's stock closed at 78.50 yuan per share, with a total market capitalization of 937 billion yuan, reflecting a year-to-date increase of 68.93% [13].

2025.08. 17 华虹公司(688347.SH)公告称，为解决IPO承诺的同业竞争事项，公司正在筹划以发行股份及支付现 金的方式购买上海华力微电子有限公司控股权，同时配套募集资金。 本次收购标的资产为上海华力微电子有限公司所运营的与华虹公司在65/55nm和40nm存在同业竞 争的资产（华虹五厂）所对应的股权。目前，该标的资产正处于分立阶段。公司股票自2025年8月 18日开市起停牌，预计停牌时间不超过10个交易日。 此外，公司公告还称，本次交易事项尚处于筹划阶段，公司目前正与交易意向方接洽，初步确定的交 易对方为上海华虹（集团）有限公司、上海集成电路产业投资基金股份有限公司、国家集成电路产业 投资基金二期股份有限公司、上海国投先导集成电路私募投资基金合伙企业（有限合伙），最终交易 对方以重组预案或重组报告书披露的信息为准。 里安|谷龙小: ● 证券停复牌情况:适用 因筹划发行股份及支付现金购买资产并募集配套资金暨关联交易事项,本公司的 相关证券停复牌情况如下: | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | ...

Core Viewpoint - Huahong Semiconductor is planning to acquire the controlling stake of Shanghai Huahong Microelectronics to resolve competition issues related to its IPO, with the transaction expected to be completed within 10 trading days [1][6][7]. Group 1: Acquisition Details - The acquisition involves issuing shares and cash to purchase the controlling stake of Shanghai Huahong Microelectronics, which operates assets that compete with Huahong in the 65/55nm and 40nm nodes [6][7]. - The transaction is not expected to constitute a major asset restructuring and will not change the actual controller of the company [6][7]. - The targeted assets are currently in the process of being separated, and the company is in discussions with potential transaction parties [6][7]. Group 2: Financial Performance - In Q2 2025, Huahong reported sales revenue of $566.1 million, a year-on-year increase of 18.3% and a quarter-on-quarter increase of 4.6% [10]. - The gross margin for Q2 was 10.9%, up 0.4 percentage points year-on-year and 1.7 percentage points quarter-on-quarter [10]. - The company expects Q3 sales revenue to be between $620 million and $640 million, with a gross margin between 10% and 12% [10]. Group 3: Market Position and Stock Performance - Huahong's stock price has increased approximately 70% year-to-date, with a notable rise of 11.35% on August 15, closing at 78.5 yuan per share, giving it a market capitalization of 93.6 billion yuan [9]. - The company has achieved a capacity utilization rate of 108.3% in Q2, marking an increase from 102.7% in Q1 and 97.9% in Q2 of the previous year [12]. - Huahong is recognized as a leading foundry in China, with a comprehensive layout in specialty process nodes and a diverse global customer base [12]. Group 4: Industry Context - The global semiconductor market reached over $340 billion in the first half of the year, reflecting a year-on-year growth of 18.9% [13]. - The logic semiconductor segment grew by 37%, while memory semiconductors increased by 20% in the same period [13].

Core Viewpoint - Huahong Company is planning to acquire a controlling stake in Shanghai Huali Microelectronics to resolve competition issues related to its IPO commitments, with the transaction expected to be structured through a combination of share issuance and cash payment [1] Group 1: Acquisition Details - The acquisition involves assets that are in direct competition with Huahong's operations in the 65/55nm and 40nm segments, specifically related to Huahong's fifth factory [1] - The transaction is classified as a related party transaction but will not result in a change of the company's actual controller or constitute a restructuring listing [1] - The acquisition is still in the planning stage, with initial discussions taking place with potential transaction partners, including Shanghai Huahong (Group) Co., Ltd. and several investment funds [1] Group 2: Market Position - Huahong Company is recognized as one of the leading integrated circuit wafer foundry enterprises globally, ranking fifth in the world and second among companies in mainland China based on 2024 sales figures [2]

Core Viewpoint - Huahong Semiconductor, a major player in the semiconductor foundry industry, is planning to acquire Huahong's fifth factory to enhance its 12-inch wafer foundry capacity, addressing competitive issues and fulfilling commitments made during its IPO [1][3]. Group 1: Acquisition Details - The acquisition involves purchasing equity in Huahong's fifth factory, which operates in the 65/55nm and 40nm process nodes, addressing competition with Huahong Semiconductor [3]. - The transaction is in the planning stage, with potential partners including Shanghai Huahong Group and various investment funds [3][4]. - The acquisition is not expected to constitute a major asset restructuring or change the actual controller of the company [4]. Group 2: Market Context and Capacity - The demand for semiconductor foundry services is expected to exceed supply by the first half of 2025, driven by domestic needs and the "China for China" strategy from overseas IDM companies [6]. - By Q2 2025, Huahong's total 8-inch capacity is projected to be 447,000 wafers, with a utilization rate of 108.3%, an increase of 5.6 percentage points from the previous quarter [7]. - The revenue share from 12-inch wafers is expected to rise significantly, with 12-inch wafer revenue increasing from $233 million to $334 million year-over-year in Q2 2025 [8]. Group 3: Financial Performance - As of August 15, Huahong's stock price was 78.50 yuan, with a total market capitalization of 135.76 billion yuan, reflecting a year-to-date increase of 68.93% [9].

Core Viewpoint - Huahong Semiconductor, a major player in the semiconductor foundry industry, is planning to acquire Huahong's fifth factory to enhance its 12-inch wafer foundry capacity, addressing competitive issues and fulfilling commitments made during its IPO [1][3]. Group 1: Acquisition Details - The acquisition involves purchasing equity in Huahong's fifth factory, which operates in the same competitive space as Huahong Semiconductor's existing 65/55nm and 40nm processes [3]. - The transaction is currently in the planning stage, with potential partners including Shanghai Huahong Group and various investment funds [3][4]. - The acquisition is not expected to constitute a major asset restructuring or change in control of the company [4]. Group 2: Market Context and Capacity Expansion - The demand for 12-inch wafers is expected to increase significantly, with Huahong Semiconductor anticipating a supply-demand imbalance by mid-2025 [5]. - The company aims to strengthen its domestic customer base and support the "China for China" strategy, which aligns with the broader market trends [5]. - By Q2 2025, Huahong's total 8-inch capacity is projected to be 447,000 wafers, with a utilization rate of 108.3%, reflecting a 5.6 percentage point increase from the previous quarter [6]. Group 3: Financial Performance - In Q2 2025, the revenue from 12-inch wafers increased to $334 million, up from $233 million in the same period last year [7]. - The revenue composition shifted, with 12-inch wafers accounting for 59% of total revenue, compared to 41% for 8-inch wafers, indicating a significant transition in the company's revenue model [6][7]. - As of August 15, Huahong's stock price was 78.50 yuan, with a market capitalization of 135.76 billion yuan, reflecting a year-to-date increase of 68.93% [9].

Core Viewpoint - Huahong Company (688347.SH) is planning to issue shares and pay cash to acquire the controlling stake of Shanghai Huahong Microelectronics Co., Ltd. to resolve competition issues arising from its IPO commitments, with the stock suspension expected to last no more than 10 trading days starting August 18, 2025 [1][6][4]. Group 1: Transaction Details - The acquisition aims to address the competition issues related to the 65/55nm and 40nm process nodes where Huahong Company and Huahong Micro have overlapping business [6][10]. - The transaction is currently in the planning stage, with preliminary discussions held with potential transaction parties, including Shanghai Huahong (Group) Co., Ltd. and various investment funds [6][9]. - The acquisition is not expected to constitute a major asset restructuring and will not change the actual control of the company [6][9]. Group 2: Financial Performance - In Q2 2025, Huahong Company reported sales revenue of $566.1 million, a year-on-year increase of 18.3% and a quarter-on-quarter increase of 4.6% [12]. - The gross margin for Q2 was 10.9%, up 0.4 percentage points year-on-year and 1.7 percentage points quarter-on-quarter, with a net profit attributable to shareholders of $8 million, reflecting a 19.2% year-on-year increase [12]. - The company expects Q3 sales revenue to be between $620 million and $640 million, with a gross margin between 10% and 12% [12]. Group 3: Market Context - The global semiconductor market reached over $340 billion in the first half of the year, with a year-on-year growth of 18.9% [13]. - The logic semiconductor segment grew by 37%, while memory semiconductors increased by 20% in the same period [13]. - Huahong Company is positioned as a leading foundry in China, with a comprehensive layout in specialty process nodes and a diverse global customer base [13].

Group 1 - Huahong Semiconductor Co., Ltd. is planning to acquire controlling interest in Shanghai Huahong Microelectronics Co., Ltd. to resolve competition issues related to its IPO commitments [2] - The acquisition targets assets related to 65/55nm and 40nm processes, which are currently in the process of being separated [2] - The transaction is expected to demonstrate Huahong Group's commitment to fulfilling its promises and reflects the company's confidence in the future market development of the specialty process wafer foundry industry [2] Group 2 - In the first half of the year, Huahong Company has shown significant improvements in lean management, with continuous ramp-up of 12-inch production capacity and increasing shipment volumes [3] - If the acquisition proceeds smoothly, it is expected to positively impact Huahong Company's 12-inch capacity expansion and the advancement of differentiated specialty processes, contributing to steady growth in the company's performance [3]