JSZY(SH:600770) Zheng Quan Shi Bao Wang·2025-08-12 05:04Core Viewpoint - Zongyi Co., Ltd. plans to invest 220 million RMB in Jilai Microelectronics to acquire a 45.28% stake, gaining control over the company’s voting rights, which will exceed 50% after the transaction [1] Group 1: Company Overview - Zongyi Co., Ltd. operates in information technology, new energy, and equity investment, focusing on chip design, mobile gaming, and IT services [1] - Jilai Microelectronics specializes in the research, production, and sales of power semiconductor chips and devices, with a vertically integrated operation model [1] Group 2: Market Position and Clients - Jilai Microelectronics has established a competitive product quality and service system, serving notable clients in various sectors, including Midea and Xiaomi in consumer electronics, Zhejiang Chint Electric and Shanghai Liyang Electric in industrial applications, and BYD in automotive electronics [2] Group 3: Financial Performance and Projections - As of July 31, 2024, Jilai Microelectronics has an order backlog of 59.065 million RMB, which is projected to increase to 69.6929 million RMB by July 31, 2025, reflecting an approximate 18% growth [2] - The company anticipates revenue between 115 million RMB and 125 million RMB for the first half of 2025, with a year-on-year change of -3.32% to 5.08% [2] Group 4: Performance Commitments - Jilai Microelectronics has committed to achieving net profits of 26 million RMB, 33 million RMB, 41 million RMB, and 50 million RMB for the years 2025 to 2028, with a cumulative commitment of no less than 150 million RMB [3] Group 5: Strategic Implications - The acquisition will enhance Zongyi Co., Ltd.'s capabilities in the power semiconductor sector, aligning with the trend of domestic substitution and providing a foundation for future expansion into broader integrated circuit design, manufacturing, and testing [3]