存储芯片产业，再现大手笔收购

Core Viewpoint - The company plans to acquire a 31% stake in Zhuhai Noah Changtian Storage Technology Co., Ltd. for 144 million yuan, achieving a 51% controlling interest, which will indirectly control SkyHigh Memory Limited (SHM) [2][5][9] Group 1: Acquisition Details - The acquisition involves signing a share transfer agreement with three shareholders of Noah Changtian, with a total transaction amount of 144 million yuan [5] - The net asset value of Noah Changtian was assessed at 463.36 million yuan, reflecting a value increase of 1.46 million yuan, or a 3.26% appreciation [5] - After the transaction, the company will hold a 51% stake in Noah Changtian, thereby gaining control over SHM [5][9] Group 2: Financial Performance - Noah Changtian's projected revenues for 2024 and the first eight months of 2025 are 863 million yuan and 687 million yuan, respectively, with net profits of 23.75 million yuan and 47.49 million yuan [5][6] - As of August 31, 2025, Noah Changtian's total assets are estimated at 521.84 million yuan, with total liabilities of 173.47 million yuan and net assets of 348.38 million yuan [6] Group 3: Strategic Importance - The acquisition aims to enhance the company's core competitiveness in the memory chip sector and expand its product line [9] - SHM, established in December 2018, focuses on high-performance 2D NAND and related memory products, with applications in various industries [8] - The global market for SLC NAND is projected to grow from 2.31 billion USD in 2024 to 3.44 billion USD by 2029, with a compound annual growth rate of 5.8% [8]