AMEC(SH:688012) Zheng Quan Shi Bao Wang·2025-06-12 10:28Core Viewpoint - The company announced the establishment of a private equity fund in collaboration with Zhimi Capital and other investors, aiming to enhance its investment capabilities in the semiconductor and related sectors [1][2]. Group 1: Fund Details - The fund, named Shanghai Zhimi Panfeng Venture Capital Partnership (tentative), has a target fundraising scale of RMB 1.5 billion, with Zhimi Capital contributing RMB 15 million, representing 1% of the total [1]. - The company’s wholly-owned subsidiary, Zhongwei Lingang, plans to invest up to RMB 735 million, accounting for no more than 49% of the fund [1]. - The fund's duration is tentatively set for 7 years, with 4 years for investment and 3 years for exit, and it may be extended up to 2 times, each for no more than 1 year [2]. Group 2: Investment Focus - The fund will primarily focus on equity investments in leading companies with technological barriers, particularly in the semiconductor and broader semiconductor sectors, while also covering high-quality investment targets in strategic emerging industries [2]. - At least 80% of the actual total investment at the end of the fund's duration will be directed towards companies in the integrated circuit industry and its upstream and downstream sectors [2]. Group 3: Company Strategy and Performance - The investment aligns with the company's strategic development direction, enhancing its industrial layout and promoting a synergistic development cycle [3]. - Since its listing, the company has invested over RMB 2 billion in approximately 40 upstream and downstream enterprises, achieving a floating profit of over RMB 5 billion [4]. - The company reported a revenue of approximately RMB 9.065 billion for 2024, a year-on-year increase of about 44.73%, with a net profit of approximately RMB 1.388 billion, up 16.52% year-on-year [4].