Goke(SZ:300672) Mei Ri Jing Ji Xin Wen·2025-06-05 17:12Group 1 - The core point of the article is that Guokewai (SZ300672) announced a major asset restructuring plan involving the acquisition of Zhongxin Integrated Circuit (Ningbo) Co., Ltd., which has incurred significant losses in recent years [2][5] - The acquisition aims to enhance Guokewai's capabilities in the specialized semiconductor wafer foundry and customized chip manufacturing sectors, particularly in the high-end BAW filter technology [9][11] - Zhongxin Ningbo is recognized as a leading domestic enterprise in specialized semiconductor wafer foundry, focusing on RF front-end, MEMS, and high-voltage analog devices [3][9] Group 2 - Zhongxin Ningbo has reported cumulative losses exceeding 1.6 billion yuan (approximately 16 million) for 2023 and 2024, with net profits of approximately -840 million yuan and -810 million yuan respectively [5][6] - The acquisition includes a unique lock-up period of 120 months for the shares received by the transaction counterparties, contingent upon Zhongxin Ningbo achieving positive net profits [6][7] - The transaction price for the acquisition has not yet been determined [7] Group 3 - The domestic market for RF filters is significant, with China accounting for nearly 30% of the global market, yet local companies hold less than 5% of the BAW filter market [8] - The acquisition is strategically aimed at breaking the monopoly of foreign companies like Broadcom and Qorvo in the BAW filter sector, which currently dominate the market [8][9] - Zhongxin Ningbo has developed proprietary BAW filter structures that bypass foreign patent barriers, enabling domestic production and reducing reliance on overseas suppliers [11]