Zheng Quan Shi Bao Wang·2025-07-29 12:08Core Viewpoint - Company Huqine Technology has signed a share transfer agreement to acquire 6% of Crystal Integrated (688249) for a total price of 2.39 billion yuan, marking its first foray into the semiconductor wafer manufacturing sector [1] Group 1: Investment Details - The share transfer price is set at 19.88 yuan per share, with a total transaction value of 2.39 billion yuan [1] - Following the transaction, Huqine Technology will nominate one director to Crystal Integrated and commit to a 36-month lock-up period for the shares [1] Group 2: Strategic Implications - This investment extends Huqine Technology's reach into the semiconductor industry, aligning with its strategy to expand upstream in the supply chain [1][4] - The move is expected to enhance the company's technological capabilities and product competitiveness, thereby improving operational resilience [1] Group 3: Crystal Integrated's Performance - Crystal Integrated anticipates revenue of 5.07 billion to 5.32 billion yuan for the first half of 2025, representing a year-on-year growth of 15.3% to 21% [2] - The company projects a net profit of 260 million to 390 million yuan for the same period, with a significant year-on-year increase of 39% to 108.6% [2] - Crystal Integrated is set to achieve mass production of its 40nm high-voltage OLED display driver chips and 55nm CIS chips in the first half of 2025 [2] Group 4: Huqine Technology's Financial Outlook - Huqine Technology expects to report revenue between 83 billion to 84 billion yuan for the first half of 2025, reflecting a substantial year-on-year growth of 110.7% to 113.2% [3] - The projected net profit for the same period is between 1.87 billion to 1.9 billion yuan, indicating a year-on-year increase of 44.8% to 47.2% [3] - The company benefits from the ongoing digital transformation and AI boom, positively impacting its operations across various sectors [3]