NSIG(SH:688126) Zheng Quan Zhi Xing·2025-05-20 11:46Core Viewpoint - Shanghai Silicon Industry Group Co., Ltd. is undergoing a significant equity change, where the National Integrated Circuit Industry Investment Fund II will increase its stake through the acquisition of shares by issuing new stock to purchase assets from Shanghai Xincheng Semiconductor Technology Co., Ltd. Group 1: Equity Change Details - The equity change involves the acquisition of 43.8596% of the shares of Shanghai Xincheng Semiconductor Technology Co., Ltd. by issuing new shares [7][8] - After the transaction, the National Integrated Circuit Industry Investment Fund II will hold 29,899.47 million shares, representing 9.36% of the total share capital of Shanghai Silicon Industry [11][19] - The transaction price for the acquisition of the 43.8596% stake is set at approximately 3,407,017,543.86 yuan, based on an assessed value of 776,800.00 million yuan for the total equity of Shanghai Xincheng [11][21] Group 2: Financial Data of Shanghai Xincheng - For the fiscal year 2024, Shanghai Xincheng reported total assets of 818,297.20 million yuan, with total liabilities of 156,199.02 million yuan, resulting in owners' equity of 662,098.18 million yuan [21] - The company generated revenue of 113,576.55 million yuan in 2024, but reported a net loss of 11,072.42 million yuan [21] - The current ratio for 2024 is 3.21, indicating a strong liquidity position, while the debt-to-asset ratio stands at 19.09% [21] Group 3: Regulatory and Approval Process - The equity change requires approval from the shareholders' meeting of Shanghai Silicon Industry, as well as registration with the China Securities Regulatory Commission [2][19] - The issuance of new shares will be subject to a lock-up period of 12 months post-issuance, during which the shares cannot be transferred [8][20] - The transaction is contingent upon the completion of necessary regulatory approvals and asset evaluation reports [2][19]