富创精密收购国际品牌Compart项目交割仪式在深圳举行，开启芯片产业链整合新篇章

Core Viewpoint - The acquisition of 64.42% stake in Zhejiang Poxin Electronics by Fuchuang Precision is a strategic move aimed at enhancing its position in the semiconductor industry and addressing the high-end equipment component supply chain challenges in China [1][5][10]. Group 1: Acquisition Details - The acquisition was completed on May 27, with a total investment of 2.17 billion yuan, including 600 million yuan from Fuchuang Precision and 1 billion yuan in bank loans [4][8]. - The acquisition process was efficient, taking less than three months from planning to completion, showcasing a high level of collaboration among stakeholders [6][10]. - Compart, the acquired entity, is a leading global supplier of semiconductor precision components, holding significant market share and advanced technology patents [4][8]. Group 2: Strategic Implications - This acquisition is expected to significantly enhance Fuchuang Precision's platform strategy in the semiconductor component sector, allowing for better integration of technology and resources [3][10]. - The deal is seen as a critical breakthrough for China's semiconductor industry, addressing the "bottleneck" issues in high-end manufacturing [5][10]. - Fuchuang Precision aims to leverage Compart's technology and customer network to expand its international market presence while strengthening its domestic market position [11]. Group 3: Financial Metrics - Compart is projected to achieve revenue of 878 million yuan and a net profit of 162 million yuan in 2024, with a net profit margin of 18.4% [8]. - The acquisition valuation of Compart is approximately 3.8 billion yuan, with a price-to-earnings (PE) ratio of 23.5, which is significantly lower than comparable companies [8][9]. - Fuchuang Precision's own PE ratio is expected to exceed 40 by 2025, indicating a favorable financial positioning post-acquisition [8].