Group 1 - The core viewpoint of the article highlights that Greenway Technology has provided insights into its subsidiary, Damo Semiconductor, which specializes in front-end measurement equipment solutions for the semiconductor industry [1] - Damo Semiconductor focuses on enhancing yield during the semiconductor manufacturing process by offering front-end measurement repair equipment, maintenance technical services, and comprehensive solutions for measurement equipment and components [1] - The downstream clients of Damo Semiconductor include major wafer fabs such as SMIC and TSMC, indicating a strong market presence and potential for growth within the semiconductor sector [1]

Core Viewpoint - The article discusses the strategic acquisition by Lvtong Technology to diversify its business into the semiconductor equipment sector through the purchase of a stake in Damo Semiconductor, aiming to overcome challenges in its core electric vehicle business [6][9]. Group 1: Acquisition Details - Lvtong Technology plans to acquire a 46.92% stake in Damo Semiconductor for 450 million yuan and invest an additional 80 million yuan for a 7.6923% stake, totaling 530 million yuan [6]. - After the transaction, Lvtong Technology will hold a 51% stake in Damo Semiconductor, which is not classified as a major asset restructuring or related party transaction [6]. - Damo Semiconductor, established in 2017, specializes in semiconductor front-end measurement equipment and has supplied services to major companies like SMIC and TSMC [6][7]. Group 2: Financial Performance - Damo Semiconductor is projected to achieve revenues of 278 million yuan and a net profit of 64.93 million yuan in the fiscal year 2024, with a negative cash flow of 37.13 million yuan for the same period [7]. - The total equity value of Damo Semiconductor is assessed at 964 million yuan, indicating a value increase of over 300% [7]. - The performance commitment for Damo Semiconductor includes net profits of no less than 70 million yuan, 80 million yuan, and 90 million yuan for the years 2025, 2026, and 2027, respectively, totaling a minimum of 240 million yuan over three years [7]. Group 3: Strategic Context - Lvtong Technology has faced declining performance in its core electric vehicle business, with net profits dropping by 15.64% and 45.98% in 2023 and 2024, respectively [9]. - The company aims to explore new growth opportunities through investments and acquisitions, leveraging its IPO surplus funds of 1.696 billion yuan to finance the acquisition [9][10]. - In addition to the acquisition of Damo Semiconductor, Lvtong Technology has previously established an industrial fund to invest in sectors like new energy and advanced manufacturing [10].

Core Viewpoint - The company plans to use 530 million yuan of raised funds to acquire a 46.9167% stake in Jiangsu Damo Semiconductor Technology Co., Ltd. and subsequently increase its stake to 51%, making it a controlling subsidiary [1][1][1] Group 1: Acquisition Details - The company intends to use 450 million yuan to acquire shares from several individuals and partnerships [1] - An additional 80 million yuan will be used for capital increase in Damo Semiconductor, resulting in a total investment of 530 million yuan [1] - Following the transaction, Damo Semiconductor will be consolidated into the company's financial statements [1] Group 2: Company Background - Damo Semiconductor, established in 2017, specializes in front-end measurement and detection equipment solutions for the semiconductor industry [1] - The company provides equipment and technical services aimed at improving yield rates during semiconductor manufacturing [1] Group 3: Strategic Implications - The acquisition represents a strategic shift for the company from a focus on electric vehicle-related businesses to the semiconductor sector [1] - Successful implementation of the acquisition will enhance the company's asset portfolio in the semiconductor front-end measurement equipment market [1] - This move is expected to facilitate diversification and industrial upgrading for the company [1]