FMSH(SH:688385) Mei Ri Jing Ji Xin Wen·2025-11-16 17:02Core Viewpoint - Fudan Microelectronics announced that Shanghai Guosheng Investment Co., Ltd. plans to acquire 106.73 million A-shares from Fudan Microelectronics' subsidiary, Fuxin Vango, at a total price of 5.144 billion yuan, which is a 15% discount from the previous closing price [2][4]. Shareholder Changes - After the transaction, Guosheng Investment will hold 12.99% of Fudan Microelectronics' shares, becoming the largest shareholder, while Fuxin Vango will no longer hold any shares [3][4]. Company Structure and Control - Despite the change in the largest shareholder, Fudan Microelectronics will maintain its status of having no controlling shareholder or actual controller [4]. The company emphasizes that the transaction will not significantly impact its management or operations and does not involve a takeover bid [4]. Business Overview - Fudan Microelectronics, established in 1998, specializes in the design, development, and testing of large-scale integrated circuits, and it was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2021 [6]. The company’s product lines include security and identification chips, non-volatile memory, smart meter chips, and FPGA chips, which are widely used in communication and industrial control sectors [6]. Financial Performance - For the first three quarters of 2025, Fudan Microelectronics reported revenue of 3.024 billion yuan, a year-on-year increase of 12.70%, while the net profit attributable to shareholders decreased by 22.69% to 330 million yuan [7]. In the third quarter, revenue grew by 33.28% to 1.186 billion yuan, and net profit increased by 72.69% to 137 million yuan [7]. Market Position - As of November 14, Fudan Microelectronics' stock closed at 56.71 yuan per share, with a total market capitalization exceeding 40 billion yuan [8].