Group 1 - The core point of the article is that Guangzhou Xinbang Intelligent Equipment Co., Ltd. plans to acquire 100% equity of Wuxi Yindichip Microelectronics Technology Co., Ltd. for a transaction price of 2.856 billion yuan, marking a significant asset restructuring attempt after a previous acquisition failure in 2023 [2][3] - The acquisition aims to reduce reliance on Japanese automotive clients and enter the automotive-grade chip market, which is in the early stages of domestic substitution, seeking a second growth curve for performance [3][5] - Xinbang Intelligent's net profit has been declining since its IPO in 2022, with a projected drop of 88.33% in 2024, leaving only 4.9507 million yuan [4] Group 2 - The company's performance decline is primarily due to its client base being heavily reliant on Japanese and joint venture automakers, whose sales have decreased amid the rise of domestic new energy vehicles [5] - The transaction will help improve the company's asset quality and enhance its operational sustainability and risk resistance [6] - Yindichip Microelectronics, established in 2017, specializes in the research and design of automotive-grade mixed-signal chips, and has become one of the few domestic companies capable of large-scale production in this field, with cumulative shipments exceeding 350 million chips by October 2025 [7][8] Group 3 - Following the acquisition, Xinbang Intelligent is expected to rank second in revenue scale among A-share listed companies in the automotive-grade analog and mixed-signal chip sector, only behind Naxin Micro [8] - Despite the growth in revenue to 584 million yuan in 2024, Yindichip Microelectronics has seen its losses widen, with net profit dropping from -6.3442 million yuan in 2023 to -33.2549 million yuan in 2024 [9][10] - The decision to abandon an independent IPO in favor of being acquired reflects the challenging environment for semiconductor companies, with tightening IPO windows and longer review times [10]
前次并购失败 这家公司再出手 拟28.56亿收购亏损标的