Tianshui Huatian Technology (SZ:002185) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-17 04:38Core Viewpoint - Huatian Technology (002185.SZ), a leading domestic semiconductor packaging company, resumed trading on October 17, with its stock price hitting the daily limit at 12.96 yuan per share, resulting in a market capitalization of 41.85 billion yuan. The company announced a plan to acquire 100% of Huayi Microelectronics through a combination of share issuance and cash payment, which is expected to enhance its business in power device packaging and testing [2][3]. Group 1 - The acquisition involves issuing shares at a price of 8.35 yuan per share, which is not less than 80% of the average trading price over the previous 120 trading days [2]. - Huayi Microelectronics, a subsidiary of Huatian Electronic Group, focuses on the R&D, production, and sales of semiconductor power devices and is recognized as a high-tech enterprise in China [2][3]. - The expected net profit for Huayi Microelectronics in Q3 2025 is projected to exceed 30 million yuan, representing a growth of over 80% compared to the previous quarter [2]. Group 2 - The merger will allow Huatian Technology to enhance its packaging and testing business, covering integrated circuits and discrete devices, and to expand its own brand product development in power devices for automotive, industrial, and consumer applications [3]. - In the first half of 2025, Huatian Technology reported revenue of 7.78 billion yuan, a year-on-year increase of 15.81%, and a net profit of 226 million yuan, up 1.68% year-on-year [3]. - Huayi Microelectronics had previously applied for an IPO on the Sci-Tech Innovation Board but withdrew its application in July 2023, with net profits facing challenges in the years leading up to the application [3].