Shanghai Prisemi Electronics (SH:688230) Zheng Quan Shi Bao·2025-08-03 12:56Core Viewpoint - Chip导科技 plans to acquire 100% equity of Jishun Technology and 17.15% equity of Shunlei Technology for a total of 403 million yuan, aiming to achieve 100% control over Shunlei Technology, which is expected to constitute a major asset restructuring [1][4]. Group 1: Acquisition Details - The acquisition involves issuing convertible bonds and cash payments to several stakeholders [4]. - Jishun Technology holds 82.85% of Shunlei Technology's shares, making it the primary holding entity [4]. - The transaction price is set at 403 million yuan, and it is anticipated to significantly enhance the company's position in the power semiconductor sector [1][4]. Group 2: Business Synergies - The acquisition will allow Chip导科技 to leverage Shunlei Technology's customer resources to enter various fields such as automotive electronics, security instruments, and industrial applications [5]. - Shunlei Technology specializes in the research, production, and sales of power devices, including TVS, ESD protection devices, MOSFETs, and Schottky diodes [4]. - The transaction is expected to create significant market synergies, enhancing both companies' market presence in the consumer electronics sector [4][5]. Group 3: Financial Commitments - The transferor has committed to achieving audited net profits of no less than 35 million yuan, 36.5 million yuan, and 40 million yuan for the years 2025, 2026, and 2027, respectively [5]. Group 4: Industry Context - Since 2024, there has been a trend of increasing mergers and acquisitions in the semiconductor sector, supported by government policies aimed at promoting industry consolidation and upgrading [7]. - The number of major asset restructurings in the A-share market has seen a significant increase, with nearly 200 cases reported from September 2024 to June 2025, marking a year-on-year growth of 172% [7].