SVG(SZ:300331) Chang Jiang Shang Bao·2025-09-04 00:05Core Viewpoint - Su Dawei Ge (300331.SZ) is experiencing a significant stock price increase due to its acquisition plan aimed at transforming its business model through the purchase of Changzhou Weipu Semiconductor Equipment Co., Ltd. [2][7] Acquisition Details - The company plans to invest no more than 510 million yuan to acquire up to 51% of Changzhou Weipu, which is one of the few domestic companies that has achieved large-scale production in the semiconductor photomask defect detection equipment sector [2][7] - The overall valuation of Changzhou Weipu is tentatively set at no more than 1 billion yuan, with the final transaction price subject to assessment reports and formal agreements [7] - Changzhou Weipu has a commitment to achieve a cumulative net profit of no less than 240 million yuan from 2025 to 2027 [3][15] Financial Performance - Since its listing in 2012, Su Dawei Ge has reported a cumulative net profit of -312 million yuan, indicating ongoing financial struggles [4][12] - The company has faced continuous losses, with a net profit of -350 million yuan in 2021 marking its first annual loss since going public [11] - In the first half of 2025, the company reported a revenue of 982 million yuan, a year-on-year increase of 5.27%, but a net profit decline of 10.46% [11][13] Market Reaction - On September 3, the stock price of Su Dawei Ge surged by 11%, reaching a temporary trading limit, reflecting positive market sentiment regarding the acquisition [2][16] Strategic Importance - The acquisition is seen as a critical move for Su Dawei Ge to enhance its capabilities in the semiconductor equipment sector, particularly in photomask defect detection, where domestic production is still in its early stages [8][10] - The company aims to leverage Changzhou Weipu's existing customer base to reduce customer development costs and product validation cycles [8]