TECHSEM(SZ:300046) Jing Ji Guan Cha Wang·2025-06-21 03:33Core Viewpoint - The control change of Taiji Co., Ltd. is underway, with Changjiang Industrial Investment Group set to become the indirect controlling shareholder, leading to a shift in actual control to the Hubei Provincial State-owned Assets Supervision and Administration Commission [1][2]. Company Overview - Taiji Co., Ltd. is based in Xiangyang, Hubei Province, specializing in the research, manufacturing, sales, and service of power semiconductor devices, including high-power thyristors, rectifiers, IGBTs, and power semiconductor modules [1]. - The company is recognized as a major provider of high-power semiconductor devices in China, serving multinational corporations, research institutions, and industry leaders [1]. Financial Performance - In 2024, Taiji Co., Ltd. reported operating revenue of 354.14 million yuan, a year-on-year increase of 10.76%, while total profit decreased by 34.01% to 25.17 million yuan, and net profit attributable to shareholders fell by 18.77% to 25.29 million yuan [2]. Control Change Details - The agreement involves the transfer of 5,767,590 shares (32.0369% of registered capital) from the current controlling shareholder to Changjiang Industrial Group, along with the delegation of voting rights for the remaining shares [3]. - After the completion of this equity change, Changjiang Industrial Group will become the controlling shareholder of the company, with the actual controller changing from Mr. Xing Yan to the Hubei Provincial State-owned Assets Supervision and Administration Commission [3]. Changjiang Industrial Group Profile - Established on January 25, 2022, Changjiang Industrial Group has a registered capital of 33.6 billion yuan and total assets of 250.9 billion yuan, managing over 700 billion yuan in funds [4]. - The group aims to integrate semiconductor industry resources in Hubei, fostering a semiconductor industry cluster and promoting collaborative development across various segments [5]. Market Reaction - Following the announcement of the control change, Taiji Co., Ltd.'s stock opened at 36.99 yuan, reaching a maximum increase of 16.32%, and ultimately closed at 33.6 yuan, reflecting a 5.66% rise [5].