Huawei Design (BJ:833427) Xin Hua Wang·2025-08-12 05:38Core Viewpoint - Huawai Design Group plans to acquire 51% of Jiujiang Zhengqi Microelectronics for 63 million yuan to expand its business and improve operational conditions, with the transaction not constituting a major asset restructuring [1] Group 1: Acquisition Details - The acquisition involves purchasing the stake from individual 廖红伟, and the company is required to explain the necessity and rationality of this cross-industry acquisition [1] - The inquiry letter requests Huawai Design to provide details on the business performance, main financial indicators, and future industry development trends of both Huawai Design and Jiujiang Zhengqi [1] Group 2: Financial and Operational Impact - Huawai Design must assess the impact of the acquisition on its working capital, liquidity ratios, and whether it has sufficient remaining working capital for future operations [1] - The inquiry also seeks to verify any relationships between Huawai Design's controlling shareholders and Jiujiang Zhengqi's shareholders, as well as any potential conflicts of interest [1] Group 3: Performance Commitments and Valuation - The inquiry letter requires an explanation of why Jiujiang Zhengqi has not been profitable as of September 30, 2024, and the measures planned to improve profitability [2] - Huawai Design must quantify the basis for performance commitment indicators and ensure that the counterparty 廖红伟 has the ability to fulfill these commitments [2] - The asset evaluation process must be detailed, including the rationale for using the asset-based approach and whether it complies with relevant appraisal standards [2]