Core Viewpoint - Company plans to optimize its industrial layout and enhance competitiveness by acquiring control of Zhudian Semiconductor through a special purpose company, Tiansui Xinyuan Technology [1][2] Group 1: Investment Details - The acquisition involves a total equity value of 950 million yuan for 100% of Zhudian Semiconductor [1][4] - Company will invest approximately 40% in Tiansui Xinyuan, with 20% coming from its own funds and 80% from self-raised funds [2] - After the investment, the company is expected to become the largest single shareholder of Tiansui Xinyuan and gain control over its board [2] Group 2: Company Background - Zhudian Semiconductor specializes in visual processing chips and has over 160 patents, being a leader in mobile device AI display chips [3][4] - The company has established stable partnerships with major global smartphone brands and has successfully entered their supply chains [5] Group 3: Financial Performance - Zhudian Semiconductor's projected revenue for 2024 is approximately 385 million yuan, with a net loss of 121 million yuan [4] - In the first half of 2025, the expected revenue is around 110 million yuan, with a net loss of about 64.06 million yuan [4] Group 4: Strategic Implications - The acquisition will enhance the company's competitiveness in image processing IP and expand its capabilities in AI-related projects across various devices [5] - The integration of technologies from both companies is expected to strengthen the company's position in the AI ASIC market [5] Group 5: Stock Incentive Plan - Company announced a stock incentive plan to grant up to 8.11625 million restricted shares, representing approximately 1.54% of the total share capital [6] Group 6: Market Position - As of October 15, the company's stock price was 170.83 yuan per share, with a total market capitalization of 89.8 billion yuan [7]