Core Viewpoint - Recently, Jingchen Semiconductor (Shanghai) Co., Ltd. announced its plan to acquire 100% equity of Chipmy Microelectronics (Jiaxing) Co., Ltd. for a total cash consideration of 316 million yuan [2][6]. Group 1: Acquisition Details - The acquisition will result in Chipmy Microelectronics becoming a wholly-owned subsidiary of Jingchen and included in the consolidated financial statements [3]. - The acquisition price of 316 million yuan is based on the valuation of Chipmy Microelectronics, which was determined through market principles and negotiations, considering its registered capital and historical financial contributions [6]. Group 2: Company Performance - Since its IPO in 2019, Jingchen has shown a growth trend despite some fluctuations, with total revenue of 3.33 billion yuan in the first half of 2025, a year-on-year increase of 10.42%, and a net profit of 497 million yuan, up 37.12% year-on-year [4]. - Chipmy Microelectronics has not performed well financially, reporting revenues of 0 yuan and 679,300 yuan for 2024 and the first half of 2025, respectively, with net losses of 90.31 million yuan and 40.06 million yuan [5]. Group 3: Strategic Intent - The acquisition is aimed at enhancing technological synergy and complementing capabilities in the fields of IoT, automotive networking, and mobile smart terminals, where Chipmy has established a strong R&D team and product offerings [4]. - Concurrently, Jingchen plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to strengthen its capital base and enhance its competitive position internationally [7].