SMEI(SZ:300456) Ju Chao Zi Xun·2025-11-19 02:55Core Viewpoint - The company, Saiwei Electronics, announced its intention to acquire a stake in Beijing Xindonglai Semiconductor Technology Co., Ltd. for a total transaction price not exceeding 60 million yuan, with an estimated valuation of Xindonglai not exceeding 520 million yuan [2][3]. Group 1: Transaction Details - The acquisition involves purchasing shares from four original shareholders, including Hainan Yimai Technology Co., Ltd. and Beijing Beigong Huaiwei Sensor Technology Investment Fund [2][3]. - If the transaction is completed, Saiwei Electronics is expected to hold no more than 11% of Xindonglai, which will become an associate company [3]. - The transaction is classified as a related party transaction due to the involvement of companies controlled by Saiwei's chairman, Yang Yunchun, who has also served as Xindonglai's chairman in the past [3]. Group 2: Xindonglai's Business Overview - Xindonglai, established in February 2023, focuses on the lithography machine sector, with capabilities in self-research and mass production of lithography machines [4]. - As of December 31, 2024, Xindonglai reported total assets of approximately 114.75 million yuan and a net asset of about 33.60 million yuan, with a revenue of approximately 76.30 million yuan and a net profit of around 7.29 million yuan for the same year [4]. - By September 30, 2025, Xindonglai's total assets increased to approximately 416.35 million yuan, with a net asset of about 106.90 million yuan, although it reported a net loss of approximately 1.58 million yuan for the first nine months of 2025 [4]. Group 3: Strategic Intent - The acquisition aligns with Saiwei Electronics' strategic planning to enhance its semiconductor industry ecosystem and strengthen long-term cooperation with upstream suppliers [4]. - The company aims to reduce supply risks for critical core equipment and increase the application ratio of domestic equipment [4]. - Xindonglai's technological expertise and professional advantages in the semiconductor equipment field are expected to support Saiwei's long-term sustainable development [4].