21世纪经济报道·2025-06-09 15:06Core Viewpoint - The merger proposal between Haiguang Information and Zhongke Shuguang aims to create a comprehensive integration of resources in the domestic information industry, enhancing competitiveness in the computing power sector and aligning with national strategies for self-sufficiency in technology [1][2]. Group 1: Merger Details - Haiguang Information plans to absorb Zhongke Shuguang through a share exchange ratio of 0.5525:1, meaning each share of Zhongke Shuguang will be exchanged for 0.5525 shares of Haiguang Information [2]. - The merger will allow Haiguang Information to inherit all assets, liabilities, and rights of Zhongke Shuguang, with Zhongke Shuguang's listing being terminated post-merger [1]. Group 2: Strategic Implications - The merger is expected to create a synergy between Haiguang Information's strengths in chip design and Zhongke Shuguang's expertise in high-end computing and data center infrastructure, promoting technological breakthroughs and enhancing supply chain resilience [1][2]. - This transaction marks the first absorption merger following the revision of the "Major Asset Restructuring Management Measures" on May 16, indicating a significant step in the consolidation of the computing power industry in China [2]. Group 3: Market Impact - Analysts believe that the merger will enhance the overall competitiveness of domestic computing power and align with the national strategy for self-sufficiency, potentially leading to increased attention on technology and merger integration in the market [2][3]. - The merger is anticipated to accelerate the application of domestic chips across various sectors, including government, communication, finance, and energy, thereby promoting healthy development in the information industry [3].