HUA HONG SEMI(SH:688347) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-01 00:32Core Viewpoint - Huahong Company announced a restructuring plan to acquire 97.4988% equity of Huali Micro through a combination of share issuance and cash payment, aiming to enhance its 12-inch wafer foundry capacity and eliminate industry competition [1][5][7]. Group 1: Company Actions - The company plans to issue shares to no more than 35 specific investors to raise supporting funds for the acquisition [1][5]. - The stock will resume trading on September 1, following a suspension since August 18 due to the transaction planning [1][3]. - The issuance price is set at 43.34 yuan per share, approximately 44.79% lower than the pre-suspension price of 78.5 yuan [5]. Group 2: Financial Performance - For the first half of 2025, Huahong Company reported a revenue of 8.018 billion yuan, a year-on-year increase of 19.09%, but a net profit of 74.3154 million yuan, down 71.95% year-on-year [7]. - The funds raised will be used for working capital, debt repayment, cash payment for the acquisition, and project construction of the target company [5]. Group 3: Industry Context - The semiconductor industry has seen 139 merger and acquisition events this year, a 24-event increase compared to the same period in 2024, with a focus on equipment, materials, and design sectors [9]. - Recent M&A activities in the semiconductor sector highlight a trend driven by policy incentives and technological integration needs, with a notable demand for advanced process equipment [10].