深圳华强：深度链接电子产业链上下游 开展CVC投资

Core Viewpoint - Shenzhen Huaqiang is leveraging its established electronic components trading service platform to engage in CVC (Corporate Venture Capital) investments, linking the upstream and downstream of the electronic industry chain [1][3]. Group 1: Company Overview - Shenzhen Huaqiang was founded in 1994 and listed on the Shenzhen Stock Exchange in January 1997, focusing on the electronic components industry [3]. - The company has developed into the largest comprehensive electronic components trading and service platform in China [3]. Group 2: Business Development - Since its strategic transformation in 2015, Shenzhen Huaqiang has achieved a tenfold revenue growth over seven years [3]. - The company's competitive advantage lies in its complete business layout in electronic components trading and services, covering core scenarios and major links, and aggregating numerous domestic and international resources [3]. Group 3: Financial Performance - In the first quarter of 2025, Shenzhen Huaqiang reported revenue of 5.229 billion yuan, a year-on-year increase of 17.24%, and a net profit attributable to shareholders of 106 million yuan, up 83.91% year-on-year [3]. - As of June 23, the company's stock price was 24.08 yuan per share, with a total market capitalization of approximately 25.185 billion yuan [3]. Group 4: Investment Strategy - The company has made small equity investments in several promising semiconductor IDM (Integrated Device Manufacturer) or design companies through CVC, including startups and long-term partners with factories overseas [3]. - Shenzhen Huaqiang is also exploring investments in downstream sectors with high technical barriers [3].