Core Viewpoint - Huatian Technology plans to acquire 100% of Huayi Microelectronics through a combination of share issuance and cash payment, aiming to enhance its capabilities in the semiconductor power device sector [1][2]. Group 1: Company Overview - Huayi Microelectronics is one of the few high-tech enterprises in China that integrates research and design, packaging testing, reliability verification, and system solutions for power devices [1]. - The company has a strong R&D team with international experience in semiconductor power device design and core packaging testing technology [1]. Group 2: Business Strategy - Huayi Microelectronics employs a "design + packaging testing" dual-driven business strategy, leading the semiconductor power device market in Shaanxi Province in terms of revenue and market share for 2024 [2]. - The design business focuses on high-performance power devices, serving clients such as BYD, DJI, and H3C across high-growth sectors like automotive and renewable energy [2]. Group 3: Financial Performance - Since 2025, Huayi Microelectronics has seen a continuous increase in quarterly profits, with an expected net profit of over 30 million yuan in Q3 2025, representing a more than 80% quarter-on-quarter growth [2]. - The company anticipates sustained positive performance due to effective cost reduction measures, rising capacity utilization, and stable customer relationships [2]. Group 4: Strategic Benefits of the Acquisition - The acquisition will allow the listed company to quickly enhance its packaging testing business and expand its offerings in power device packaging testing, covering various segments [3]. - It will also enable the company to extend its own brand product development, design, and sales in automotive, industrial, and consumer-grade power devices, creating a second growth curve [3]. - The transaction is expected to maximize customer resource value for both the listed company and Huayi Microelectronics, enhancing customer loyalty through comprehensive product and service offerings [3].

Core Viewpoint - The Beijing Stock Exchange has officially accepted the IPO application of Anhui Juxin Semiconductor Technology Co., Ltd. (Juxin Technology), a high-tech enterprise focused on the research, development, packaging, testing, production, and sales of semiconductor power devices and chips [1] Group 1: Company Overview - Juxin Technology specializes in semiconductor power devices, primarily focusing on photovoltaic component protection power devices, with product lines including rectifiers, fast recovery, super-fast recovery, Schottky diodes, and transient voltage suppressors (TVS) [1] - The company's power device products include various series such as STD, FR, HER, SF, SKY, ZENER, and several photovoltaic bypass series, with a primary focus on consumer electronics and new energy sectors, while automotive electronics products are still under validation [1] Group 2: Market Applications - In the consumer electronics sector, Juxin Technology is actively developing and promoting new power device products, which have been applied in electric tools, security systems, charging piles, and smart grids, with existing applications in major white goods manufacturers like Midea, Gree, and Galanz [1] - In the new energy sector, the company has established deep cooperative relationships with major photovoltaic component manufacturers such as Trina Solar, JA Solar, LONGi Green Energy, Jinko Solar, and Tongwei Co., Ltd. [2] Group 3: IPO and Fund Utilization - Juxin Technology plans to raise 295 million yuan through the IPO, which will be allocated to the construction of specialized discrete device production lines, a research and development center, and to supplement working capital [2] - The funding aims to expand existing product lines and enhance research and development to meet future market demands, with the production line project expected to improve production scale and product quality in consumer and automotive electronics, thereby increasing market share and competitiveness [2]

Core Viewpoint - Anhui Juxin Semiconductor Technology Co., Ltd. officially listed on the Beijing Stock Exchange as a "hidden champion" in photovoltaic power devices, aiming to raise 295 million yuan through the issuance of up to 30 million shares [1] Group 1: Company Overview - The company specializes in the research, development, packaging, testing, production, and sales of semiconductor power devices and chips, focusing primarily on photovoltaic component protection power devices [2] - The product line includes rectifiers, fast recovery, ultra-fast recovery, Schottky diodes, transient voltage suppressors (TVS), rectifier bridge stacks, and MOSFETs [2] Group 2: Financial and Shareholder Information - As of the signing date of the prospectus, the controlling shareholder, Cao Sungeng, directly holds 53.54 million shares, accounting for 59.49% of the total shares, and indirectly controls 8.38% of the voting rights through Juxin Partnership, totaling 67.87% of the voting rights [2] - The company has 15 institutional shareholders, with one having completed the private investment fund filing process [2] Group 3: Historical Milestones - On July 29, 2023, the shareholders' meeting approved the overall change to a joint-stock company [4] - On August 25, 2023, the company completed the business registration and changed its name to Anhui Juxin Semiconductor Technology Co., Ltd. [5] - The company signed a listing guidance agreement with Haitong Securities on November 17, 2023, originally planning to list on the Shenzhen Stock Exchange's Growth Enterprise Market [6] - Throughout 2024, the company underwent multiple rounds of capital increases, raising its registered capital to 83.49 million yuan [7] - On January 2, 2025, the company was listed on the New Third Board with the stock code 874103 [8] - On June 24, 2025, the company passed the listing guidance acceptance by the Anhui Securities Regulatory Bureau and submitted listing application materials to the Beijing Stock Exchange [10]