JINZI HAM(SZ:002515) Guo Ji Jin Rong Bao·2025-09-24 06:13Group 1 - The transaction will occur in two rounds, with the final investment amount and shareholding ratio to be determined after due diligence on Zhongsheng Microelectronics [1][3] - Zhongsheng Microelectronics, established in 2019, focuses on the R&D and design of high-speed optical module core chips, with applications in AI, cloud computing, and telecommunications [2][6] - The company has not yet achieved profitability, with revenues of 204,900 yuan and 511,100 yuan for 2024 and the first seven months of 2025, respectively, and net losses of 38.83 million yuan and 20.37 million yuan [2][3] Group 2 - The first round of investment will be based on a pre-investment valuation of 1 billion to 1.3 billion yuan, with an investment amount of 10 million yuan [3][4] - The second round of investment, contingent on the successful verification of a specific chip, will not exceed 200 million yuan [3][4] - After both rounds of investment, the company will hold up to 20% equity in Zhongsheng Microelectronics [4] Group 3 - The main company, Jinzi Ham, has faced a decline in its core business and aims to diversify into the semiconductor sector to enhance performance and achieve sustainable development [5][7] - Financial data from 2020 to 2024 shows a decline in total revenue from 710 million yuan to 344 million yuan, with net profit fluctuating [7] - Jinzi Ham has a history of unsuccessful investments, indicating potential risks in this new venture [7]