GUOXIN MICRO(SZ:002049) 是说芯语·2025-12-26 10:59Core Viewpoint - The establishment of a new company, Ziguang Tongxin Microelectronics Technology (Beijing) Co., Ltd., aims to independently operate and develop automotive domain control chips, with significant backing from industry giants like CATL [1][4]. Group 1: Company Structure and Investment - The new company has a registered capital of 300 million yuan, with Ziguang Tongxin holding a 51% stake, ensuring control over the new entity [4]. - The investment structure includes contributions from related parties and a strategic investment from CATL's subsidiary, which holds a 5% stake [4]. - The management team is closely tied to the new company through a high employee shareholding structure, which is expected to enhance motivation and drive development in the automotive chip sector [4]. Group 2: Business Focus and Strategic Goals - Ziguang Tongxin Technology will focus on the research, production, and sales of automotive domain control chips, with an initial task of acquiring assessed assets valued at 193 million yuan [4]. - The acquisition reflects a significant increase in asset value, with an appraisal showing a 3723.15% increase from the book value [4]. - The strategic goal is to enhance financing capabilities and operational strength in the automotive electronics sector, leveraging external investments to mitigate R&D costs and losses [5]. Group 3: Industry Context and Opportunities - The domestic automotive chip localization rate has increased from less than 5% in 2020 to an expected 20% by the end of 2024, indicating a rapid shift towards domestic production [5]. - The demand for automotive domain control chips is rising as the industry transitions to centralized electronic architectures, positioning these chips as critical components in the semiconductor landscape [5]. - Ziguang Guowei's investment in automotive domain control chips is seen as a strategic move to capitalize on the localization trend and enhance collaboration within the industry [5].