SMEI(SZ:300456) Zhong Guo Ji Jin Bao·2025-07-25 16:15Core Viewpoint - The company Saimo Electronics has completed the transfer of control of its wholly-owned subsidiary Silex Microsystems AB to seven trading parties, marking a significant asset restructuring without constituting a related party transaction [1][4]. Group 1: Transaction Details - The transaction involved the sale of 4.41 million shares of Silex Microsystems, with an initial valuation of 5.525 billion Swedish Krona, adjusted to a final valuation of 5.25 billion Swedish Krona (approximately 3.94 billion RMB) [5]. - The final payment for the transaction amounted to 2.375 billion Swedish Krona (approximately 1.783 billion RMB) after deducting intermediary fees and adding interest [5][6]. - Following the transaction, Saimo Electronics retains a 45.24% stake in Silex Microsystems, which will now be classified as an associate company [4][3]. Group 2: Strategic Considerations - The decision to sell control of Silex Microsystems was influenced by the increasingly complex international geopolitical environment, which posed uncertainties for the subsidiary [8]. - The company aims to maximize the value of Silex Microsystems while avoiding potential value loss, as the subsidiary is an important overseas operational entity for MEMS chip development and wafer manufacturing [7][8]. - Despite the sale, Saimo Electronics maintains that its core business in MEMS chip development and wafer manufacturing remains unchanged, and the transaction provides substantial funds for future investments and acquisitions [9]. Group 3: Financial Performance - In the first quarter of the year, Saimo Electronics reported revenue of 264 million RMB, a year-on-year decrease of 2.24%, with a net profit of 2.6421 million RMB, indicating a turnaround from previous losses [9]. - As of July 25, the company's stock price was 17.88 RMB per share, with a total market capitalization of 13.09 billion RMB [9].