Hitevision (SZ:002955) Zhong Zheng Wang·2025-11-03 08:09Core Viewpoint - The control change of Honghe Technology (002955) signifies a strategic integration of industrial capital and local state-owned assets, aiming to enhance the company's growth potential and market positioning in emerging sectors [1][2]. Group 1: Control Change Details - Honghe Technology announced that Anhui Ruicheng Hongtu Equity Investment Fund Partnership will acquire 59,159,978 shares, representing 25.00% of the total share capital, making it the controlling shareholder [1]. - Hefei Ruicheng Private Fund Management Co., Ltd. will become the indirect controlling shareholder of Honghe Technology [1]. - The equity structure of Ruicheng Hongtu indicates that Hefei Ruicheng directly holds 1% of the fund, while its controlling shareholder, Chery Capital, holds 80% of Hefei Ruicheng [1]. Group 2: Strategic Implications - The transaction is backed by significant Anhui state-owned capital, including investments from various funds focused on new energy vehicles and smart infrastructure [1]. - Market analysts view this control change as a clear indication of industrial integration, with Hefei Ruicheng leveraging Chery Group's strong foundation in smart manufacturing and automotive electronics [1]. - The acquisition is expected to provide Honghe Technology with access to abundant industrial resources and regional policy support, facilitating expansion into new applications such as smart cockpits and in-car displays [2].