Zhong Guo Jing Ji Wang·2025-07-30 03:26Core Viewpoint - Company Huqin Technology (603296.SH) announced its intention to acquire 6.00% of the shares of Anhui Jinghe Integrated Circuit Co., Ltd. (688249) for a total consideration of approximately RMB 2.39 billion, reflecting confidence in the long-term investment value of Jinghe Integrated [1][2] Group 1: Transaction Details - The company will acquire 120,368,109 shares at a price of RMB 19.88 per share, totaling RMB 2,392,918,006.92 [1] - This transaction does not constitute a related party transaction or a major asset restructuring as defined by regulations [1] - The acquisition was approved by the company's board and does not require shareholder approval [2] Group 2: Strategic Intent - The company aims to deepen resource integration and collaboration within the industry chain through this acquisition, enhancing its competitive position and market status [2] - The funding for the acquisition will come from the company's own funds, ensuring no significant adverse impact on its financial and operational status [2] Group 3: Financial Performance - For Q1 2025, the company reported revenue of RMB 34.998 billion, a year-on-year increase of 115.65% [3][4] - The net profit attributable to shareholders was RMB 8.42 billion, up 39.04% year-on-year, while the net profit excluding non-recurring items was RMB 7.61 billion, reflecting a 43.55% increase [3][4] - The company reported a negative cash flow from operating activities of RMB -14.10 billion, compared to RMB 9.90 billion in the same period last year [3][4] Group 4: Financial Position - As of March 31, 2025, the company had cash and cash equivalents of RMB 15.43 billion and total interest-bearing liabilities of RMB 16.37 billion [4][5]