Huitong Energy(SH:600605) Xin Lang Cai Jing·2025-08-12 08:18Core Viewpoint - Shanghai Huitong Energy Co., Ltd. is shifting its focus towards semiconductor and intelligent manufacturing sectors by investing in semiconductor technology through a partnership with Zhang Rujing, a prominent figure in the chip industry [1][2]. Investment Details - Huitong Energy plans to acquire a 7.43% stake in Xinghua Chip (Shaoxing) Semiconductor Technology Co., Ltd. for a total transaction price of 195 million yuan [1]. - The investment framework contract signed on August 11, 2025, includes acquiring 1.82% of Xinghua Chip's equity for 45 million yuan and subscribing to an additional 150 million yuan of registered capital [2]. - Future investments may occur at a price not exceeding 2 yuan per share, contingent on the production capacity of Xinghua Chip [2]. Company Background - Xinghua Chip was established on November 28, 2022, and focuses on semiconductor photomask manufacturing [1]. - The company is recognized as a significant industrial project in Zhejiang Province, with plans to commence production by the end of 2024 [2]. - Huitong Energy has transitioned from its original focus on light industry machinery to wind power, and subsequently to real estate, before divesting its real estate business in 2023 [3][4]. Current Financial Status - As of now, Xinghua Chip is in the ramp-up phase for production and sales, with revenues still at an early stage and not yet profitable [3]. - Huitong Energy's stock price was reported at 38.66 yuan, with a decline of 5.20%, resulting in a total market capitalization of approximately 8 billion yuan [4].