Mei Ri Jing Ji Xin Wen·2025-05-30 01:02Core Viewpoint - The asset restructuring plan between Haiguang Information and Zhongke Shuguang has attracted significant market attention, particularly for the Xinchang ETF (159537), which holds a high weight in these stocks, leading to increased buying demand and a sustained high premium rate in the market [1][4][6]. Group 1: Company Developments - Haiguang Information and Zhongke Shuguang are planning an asset restructuring, with Haiguang Information set to absorb Zhongke Shuguang through a share exchange, aiming to enhance integration within the information technology industry [4][5]. - The combined weight of Haiguang Information and Zhongke Shuguang in the Xinchang ETF (159537) exceeds 13%, making it one of the ETFs with the highest weight in these stocks [4][6]. - Both companies have signed a merger intention agreement and have suspended trading of their A-shares since May 26, with an expected suspension period of no more than 10 trading days [4][6]. Group 2: Market Reactions - On May 29, the Xinchang ETF (159537) saw a significant increase, closing up 6.41% with a premium rate of 4.29%, indicating strong market interest [2][6]. - The ETF has experienced continuous net inflows since May 26, suggesting that investors are positioning themselves ahead of the merger [6][7]. - The premium rate of the Xinchang ETF is expected to normalize after initial irrational market reactions, despite potential continued high premiums due to the suspension of the underlying stocks [7]. Group 3: Financial Performance - Haiguang Information has shown rapid growth, with projected revenues of 9.162 billion yuan in 2024, a year-on-year increase of 52.40%, and a net profit of 1.931 billion yuan, also up 52.87% [6]. - Zhongke Shuguang's net profit for 2024 is projected at 1.911 billion yuan, with a growth rate of 4.10% [6]. - The combined market capitalization of both companies exceeds 400 billion yuan, indicating substantial market value and potential for growth post-merger [6].