证券时报·2025-05-25 11:49Core Viewpoint - The merger between Haiguang Information and Zhongke Shuguang represents a significant move in the domestic information industry, aiming to optimize the industrial layout from chips to software and systems, aligning with global trends in the technology sector [8][10]. Group 1: Merger Announcement - Haiguang Information and Zhongke Shuguang announced a stock swap merger, with Haiguang Information issuing A-shares to absorb Zhongke Shuguang, and both companies' A-shares will be suspended from trading starting May 26 [1][2]. - This transaction marks the first absorption merger following the revision of the "Major Asset Restructuring Management Measures" on May 16 [2]. Group 2: Industry Context - Zhongke Shuguang is a leading player in high-end computing, storage, and cloud computing, while Haiguang Information focuses on domestic architecture CPUs and core chip design [8]. - The integration is expected to enhance the synergy across the information industry chain, promoting a stronger and more complete industrial ecosystem [8]. Group 3: Policy Support - Recent policies encourage absorption mergers, with the "National Nine Articles" and "Science and Technology Innovation Board Eight Articles" supporting major companies in consolidating their industry chain [10]. - Since the release of the "Science and Technology Innovation Board Eight Articles," there have been 102 new merger transactions with a total disclosed amount exceeding 26 billion [10].