Original(SH:603991) Sou Hu Cai Jing·2025-09-13 20:56Core Viewpoint - The company, Shenzhen Zhizheng High Polymer Materials Co., Ltd., is undergoing a significant asset restructuring to acquire 87.47% of Advanced Packaging Materials International Ltd. (AAMI), a leading semiconductor lead frame supplier, while divesting its wholly-owned subsidiary, Zhizheng New Materials [1][3][5]. Company Performance - For the first half of 2025, the company reported revenue of 10,417.63 million yuan, representing a year-on-year increase of 6.03%. However, the net profit attributable to shareholders was -2,264.80 million yuan, with a net profit of -2,348.66 million yuan after excluding non-recurring losses [2][4]. Asset Restructuring Details - The company plans to acquire AAMI through a combination of major asset swaps, issuance of shares, and cash payments, with the total value of the assets to be acquired amounting to 306,870.99 million yuan and the assets to be divested valued at 25,637.34 million yuan [2][5]. - Following the transaction, the company will hold approximately 99.97% of AAMI's shares, which is expected to enhance its focus on the semiconductor packaging materials and specialized equipment sector [3][4]. Regulatory Approval - The company received approval from the China Securities Regulatory Commission on September 5, 2025, for the issuance of shares to purchase assets and raise supporting funds, marking a critical step in the restructuring process [1][4].