Core Viewpoint - Jiangfeng Electronics plans to acquire control of Kaide Quartz, marking the first "A-share acquisition of A-share" in 2026, which may enhance its precision components business in the semiconductor sector [3][4]. Group 1: Company Overview - Jiangfeng Electronics, established in 2005, specializes in ultra-pure metal sputtering targets and has achieved mass application in chip manufacturing for 7nm, 5nm, and 3nm technology nodes, serving major clients like TSMC and SMIC [5]. - The company reported a revenue of 3.291 billion yuan in the first three quarters of the previous year, a year-on-year increase of 25.37%, and a net profit of 400 million yuan, up 39.72% year-on-year [5]. - Kaide Quartz, founded in 1997, focuses on the research, production, and sales of quartz glass products, with its main products widely used in the semiconductor and photovoltaic industries [6]. Group 2: Financial Performance - Kaide Quartz has experienced a decline in net profit since 2023, with a year-on-year decrease of 29.61% in 2023 and 13.31% in 2024. In the first three quarters of 2025, it reported a revenue of 22.2 million yuan, down 4.22%, and a net profit of 2.224 million yuan, down 24.57% [6]. Group 3: Industry Trends - The merger and acquisition market is becoming increasingly active, driven by policies and the need for technological advancements, particularly in strategic emerging industries like semiconductors and biomedicine [7][9]. - The integration of leading companies in the semiconductor sector is accelerating, with various strategic acquisitions enhancing industry collaboration and supply chain resilience [8][9].