HAIMO(SZ:300084) Zhong Guo Zheng Quan Bao·2026-01-19 21:53Core Viewpoint - Haimer Technology is undergoing a strategic transformation that combines its traditional business with investments in semiconductor and artificial intelligence sectors, aiming for a dual-driven growth model [1] Group 1: Strategic Transformation - The company has initiated a series of asset disposals, including the transfer of 99.33% of Xi'an Sitan Instrument for 370 million yuan and 20% of Haimer Underwater Production Technology for a total of 100 million yuan, to enhance its financial strength [2] - The expected cash inflow from these transactions is over 450 million yuan, which will significantly bolster the company's cash reserves to approximately 1 billion yuan, facilitating its strategic transition and new business development [2] - The focus of the asset divestiture is to concentrate resources on core businesses with greater competitive potential and to prepare for a second growth curve [2] Group 2: Investment in Emerging Technologies - Haimer Technology plans to invest 200 million yuan in the Chongqing Zhongxin Xicheng Liangshan Venture Capital Fund, which targets a total scale of 1.05 billion yuan, focusing on advanced packaging and the semiconductor and AI industry chain [3] - This investment is seen as a critical step in positioning the company for future growth, moving beyond mere financial investment to strategic involvement in high-tech sectors [3] - The fund has an 8-year lifespan with a 4-year investment period, offering an 8% annualized return after returning principal to partners, which helps manage investment risks while enabling potential industrial synergies [3] Group 3: Talent and Organizational Restructuring - To ensure cohesive execution of the transformation, the company has introduced a stock incentive plan for 107 individuals, granting up to 41.065 million shares, representing 8.05% of total equity [4] - The incentive plan includes a dual-layer assessment system that requires meeting both company-wide performance targets and individual performance metrics for unlocking rights [4] - Organizational adjustments have been made to strengthen strategic investment management by consolidating various departments, enhancing the company's ability to evaluate and engage in emerging industries [4][5] Group 4: Financial Stability and Future Outlook - Currently, Haimer Technology is in a transitional phase where traditional business provides stable cash flow while new industry investments pave the way for future growth [6] - The company’s main revenue from multiphase metering products and related services exceeds 55%, primarily from long-term contracts in the Middle East, providing a buffer for the transformation [6] - The chairman emphasizes a commitment to practical execution and a rejection of path dependency, aiming to solidify the company's competitive advantage in high-end oil and gas equipment while achieving substantial breakthroughs in semiconductor and AI sectors [6]