Chang Jiang Shang Bao·2025-06-25 23:49Core Viewpoint - Northern Huachuang has completed its acquisition of a controlling stake in Chip Source Microelectronics, enhancing its position in the semiconductor equipment industry and enabling potential synergies between the two companies [1][2][3] Group 1: Acquisition Details - Northern Huachuang holds 17.87% of Chip Source Microelectronics, making it the largest shareholder and allowing it to control the board [1][2] - The acquisition involved purchasing shares from two companies for a total of 3,596.47 million shares at a cost of 31.35 billion yuan [2] - The board restructuring was completed on June 23, with Northern Huachuang nominating four non-independent directors and one independent director [2] Group 2: Financial Performance - Chip Source Microelectronics reported a total asset value of 57.09 billion yuan and a cumulative net profit of 814 million yuan since its listing in 2019 [1][3] - Northern Huachuang has shown strong financial performance, with cumulative net profits exceeding 157 billion yuan since 2017 [4][5] - For Q1 2025, Northern Huachuang achieved revenue of 82.06 billion yuan, a year-on-year increase of 37.90%, and a net profit of 15.81 billion yuan, up 38.80% [4] Group 3: Industry Position and Synergies - Both companies operate in the integrated circuit equipment sector but have complementary product lines, which can enhance collaborative efforts [3] - The collaboration is expected to improve the integration of different equipment processes and strengthen competitiveness in R&D, supply chain, and customer resources [3] - Northern Huachuang's market share in the integrated circuit equipment sector has been steadily increasing, contributing to its revenue growth [4]