Core Viewpoint - Huitong Energy plans to acquire a 7.43% stake in Xinghua Chip (Shaoxing) Semiconductor Technology Co., Ltd. through equity transfer and capital increase, marking its first direct investment in a semiconductor company as part of its strategy to enter the semiconductor and intelligent manufacturing sectors [1][4][6] Group 1: Company Background and Business Adjustments - Huitong Energy, originally a state-owned enterprise, shifted its focus from light industry machinery to wind power and later to real estate, but has recently divested its real estate business, recovering 616 million yuan in cash [2] - The company currently engages in light asset businesses such as property leasing, property services, and home decoration, with cash reserves reaching 1.46 billion yuan by the end of 2024 [2] Group 2: Investment in Semiconductor Sector - In April, Huitong Energy's subsidiary Huide Xinyuan invested 30 million yuan in the Yuanhe Puhua Industrial Fund, a well-known semiconductor investment institution, marking the beginning of its foray into the semiconductor and intelligent manufacturing sectors [3] - The investment in Xinghua Chip represents a significant step for Huitong Energy in the semiconductor industry, aligning with national policies encouraging domestic production capabilities [6] Group 3: Focus on Photomask Industry - Photomasks, essential for semiconductor manufacturing, are a critical component in the photolithography process, with a high market concentration dominated by foreign players [5] - Xinghua Chip, founded by Dr. Zhang Rujing, aims to fill domestic gaps in the photomask industry, with plans to achieve full production capacity of 3,000 photomasks per month after the second phase of its production line [5]
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