JINZI HAM(SZ:002515) 2 1 Shi Ji Jing Ji Bao Dao·2025-09-23 06:24Core Viewpoint - Traditional ham producer Jinzi Ham is attempting to enter the rapidly growing semiconductor sector with a 300 million yuan investment, leading to a significant increase in its market value [1][3]. Investment Details - Jinzi Ham's wholly-owned subsidiary, Fujian Jinzi Semiconductor Co., Ltd., plans to acquire up to 20% equity in Zhongsheng Microelectronics (Hangzhou) Co., Ltd. through a capital increase, with a total investment not exceeding 300 million yuan [3]. - The investment will occur in two rounds, with the first round amounting to 100 million yuan based on a pre-investment valuation of Zhongsheng Microelectronics between 1 billion yuan and 1.3 billion yuan [3]. - Zhongsheng Microelectronics specializes in the research and design of high-speed optical module core chips, with applications in AI, cloud computing, and 5G technologies [3]. Company Background - Jinzi Ham, established in 1994 and listed in December 2010, primarily produces various types of ham and meat products [4]. - The company has previously attempted to diversify into sectors such as healthcare and internet finance, but these efforts were largely unsuccessful [4]. Recent Changes in Management - In June 2023, entrepreneur Zheng Qingsheng acquired Jinzi Ham for 870 million yuan, becoming the new actual controller [5]. - Under the new management, Jinzi Ham has initiated its foray into the semiconductor industry, establishing two wholly-owned subsidiaries focused on semiconductor devices and integrated circuit sales [5]. Financial Performance - Jinzi Ham's financial performance has faced significant pressure, with a reported revenue of 170 million yuan in the first half of 2025, a decline of 14.73% year-on-year [6]. - The net profit attributable to shareholders decreased by 25.11% to approximately 22.92 million yuan during the same period [5][6].