Shanghai Prisemi Electronics (SH:688230) 证券时报·2025-08-03 12:22Core Viewpoint - Chip导科技 is planning a major asset restructuring to acquire 100% control of Shunlei Technology, enhancing its position in the power semiconductor sector [3][5]. Group 1: Major Asset Restructuring - The restructuring plan involves issuing convertible bonds and cash payments to acquire 100% of Jishun Technology and 17.15% of Shunlei Technology, aiming for complete control of Shunlei Technology [5]. - The preliminary transaction price is set at 403 million yuan, subject to adjustments based on asset evaluations [5]. - The restructuring is expected to meet the criteria for a major asset restructuring but does not constitute a related party transaction or a reverse listing [5]. Group 2: Financial Performance and Projections - In July, Chip导科技's stock price increased by 15%, with a current market capitalization of 7.3 billion yuan [6]. - Shunlei Technology's projected revenue for 2024 is 217 million yuan, with a net profit of 38.79 million yuan, both showing growth [9]. - The asset seller has committed to achieving net profits of no less than 35 million yuan, 36.5 million yuan, and 40 million yuan for the years 2025, 2026, and 2027, respectively [9]. Group 3: Synergies and Market Position - The acquisition is expected to not only expand revenue sources but also create potential synergies between Chip导科技 and Shunlei Technology [11]. - Chip导科技 reported a revenue of 353 million yuan for 2024, a year-on-year increase of 10.15%, and a net profit of 117 million yuan, up 15.70% from the previous year [10].