深康佳A联姻宏晶微电子告败 布局半导体八年营收仅占1.53%

Core Viewpoint - The company Shenkangjia A has decided to terminate its acquisition of 78% of Hongjing Microelectronics, which reflects ongoing challenges in its semiconductor business expansion efforts [1][2][3] Group 1: Acquisition and Restructuring - Shenkangjia A announced the termination of its plan to acquire Hongjing Microelectronics after nearly six months of restructuring efforts [2] - The acquisition was intended to enhance Shenkangjia A's semiconductor business and create synergies with its packaging and testing (封测) and PCB businesses [2][3] - The failure of this acquisition also signifies a setback for Hongjing Microelectronics in its attempt to go public through a backdoor listing [3] Group 2: Financial Performance - In 2024, Shenkangjia A's semiconductor and storage chip business generated revenue of 170 million yuan, a significant decline of 94.99% year-on-year, accounting for only 1.53% of total revenue [1][7] - The company has reported continuous net losses for 14 consecutive years, with a net loss of 3.296 billion yuan in 2024 [4][6] - In the first quarter of 2025, Shenkangjia A achieved revenue of 2.544 billion yuan, a year-on-year increase of 3.32%, but still reported a net loss of 94.81 million yuan [4] Group 3: Semiconductor Business Development - Shenkangjia A has been developing its semiconductor business since 2018, but it has not yet achieved the expected results after nearly eight years [1][6] - The company has made investments in Micro LED technology and has seen some progress in Mini LED product sales, but the semiconductor business remains in the early stages of industrialization [7][8] - The semiconductor business's revenue has fluctuated significantly, with 2023 revenue dropping to 3.397 billion yuan, a decrease of 67.37% year-on-year [7]