SMEI(SZ:300456) Huan Qiu Lao Hu Cai Jing·2025-11-19 09:32Core Viewpoint - The company plans to acquire a total of 11.00% equity in Beijing Chip East Semiconductor Technology Co., Ltd. for no more than 60 million yuan, which has positively impacted its stock price, leading to a 10.16% increase on November 19, closing at 29.48 yuan per share, with a market capitalization of 21.59 billion yuan [1] Group 1: Acquisition Details - The acquisition involves shares held by Hainan Yimai, Intelligent Sensor Industry Fund, Xun Yuan Investment, and Haichuang Intelligent Equipment [1] - The estimated valuation of Chip East after financing in May 2025 is 500 million yuan, with a maximum expected valuation of 520 million yuan [1] - As of September 30, 2025, Chip East's total assets are 416 million yuan, net assets are 107 million yuan, and it reported a revenue of 1.9631 million yuan with a net loss of 15.7964 million yuan for the first nine months of 2025 [1] Group 2: Strategic Intent - The company aims to enhance its semiconductor industry ecosystem, strengthen long-term cooperation with upstream suppliers, reduce supply risks of key core equipment, and increase the application ratio of domestic equipment [1] Group 3: Related Transactions and Investments - The transaction constitutes a related party transaction as Hainan Yimai and Haichuang Intelligent Equipment are controlled by the company's actual controller, Yang Yunchun [2] - A board member abstained from voting on the acquisition due to uncertainties regarding future capital increases of the acquired company [2] - The company plans to use up to 70 million USD of its own funds for securities investments, with 35 million USD allocated for domestic and international investments [2] - Recent capital operations include the acquisition of 9.50% equity in its subsidiary Silex Beijing for no more than 324 million yuan and a 56.24% stake in Zhan Cheng Technology for 157 million yuan, increasing its total stake to 61.00% [2] - The company also transferred control of its core business platform, Silex Sweden, while retaining 45.24% of its shares, receiving a payment of 2.382 billion Swedish Krona, constituting a major asset restructuring [2]