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汇通能源拟掷近2亿,与“芯片教父”做光罩

Core Viewpoint - 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, marking its first investment in the semiconductor industry [1][8]. Group 1: Investment Details - The investment consists of acquiring 1.82% equity for 45 million yuan and subscribing to 150 million yuan of new registered capital [1]. - Huitong Energy intends to further increase its investment or acquire more shares after the first production line reaches full capacity, with a maximum investment price of 2 yuan per share [1]. - Xinghua Chip, established in November 2022, focuses on semiconductor photomask manufacturing and is recognized as a major industrial project in Zhejiang Province for 2024 [1][8]. Group 2: Company Background and Financials - Huitong Energy has transitioned from real estate to focus on light asset businesses such as property leasing and home decoration after divesting its real estate development business in 2023 [2]. - The company reported a projected revenue increase of 5.03% to 137 million yuan for 2024, but expects a significant decline in net profit for the first half of 2025, down 70.76% to 79.29% year-on-year [2]. Group 3: Strategic Shift and New Leadership - Following a change in actual control to Huang Ying, Huitong Energy has redirected its investment strategy towards the semiconductor sector, leveraging Huang's extensive experience in venture capital [3][4]. - The company has invested in various semiconductor funds, including a 30 million yuan investment in the Yuanhe Puhua private equity fund, focusing on semiconductor and intelligent manufacturing sectors [4][5]. Group 4: Market Context and Opportunities - The semiconductor industry is experiencing a significant growth phase, driven by macroeconomic policies, inventory cycles, and AI innovations, attracting substantial capital investment [6]. - Huitong Energy's investment in photomasks aligns with the urgent domestic demand for semiconductor materials, as the global photomask market is largely dominated by foreign companies [6][8]. Group 5: Future Prospects of Xinghua Chip - Xinghua Chip aims to produce 36,000 semiconductor photomasks annually, with projected sales of 1.7 billion yuan and profits of 500 million yuan once fully operational [7][8]. - The company has already achieved production capabilities for photomasks with a process node of 40nm and above, with plans to increase monthly production capacity to 3,000 units after the second production line is completed [7].