Core Viewpoint - Huahong Company (688347.SH) resumed trading on September 1, 2023, with a significant price increase, reflecting positive market sentiment following the announcement of a major asset acquisition plan [1][2]. Group 1: Trading and Stock Performance - Upon resuming trading, Huahong's stock opened at 88.00 yuan, up 12.10%, and reached a peak of 93.92 yuan, marking a 19.64% increase [1]. - Prior to the suspension, Huahong's stock had risen for four consecutive trading days, with a record high of 81.88 yuan on August 15, 2023, closing at 78.50 yuan [1]. Group 2: Acquisition Details - The company plans to acquire a 97.4988% stake in Huazhi Microelectronics from four parties, including Huahong Group and various investment funds, through a combination of issuing shares and cash [1][2][3]. - The issuance of shares for raising funds will not exceed 100% of the transaction price for the asset acquisition, with a maximum of 30% of the total share capital post-transaction [2]. Group 3: Financial Performance - For the first half of 2025, Huahong reported a revenue of 8.018 billion yuan, a year-on-year increase of 19.09%, but a net profit decline of 71.95% to 74.32 million yuan [6][7]. - In 2023, Huahong's total revenue was 16.232 billion yuan, down 3.30% year-on-year, with a net profit of 1.936 billion yuan, reflecting a 35.64% decrease [8]. Group 4: Strategic Implications - The acquisition is expected to enhance Huahong's capabilities in 12-inch wafer foundry services, providing a broader range of technical solutions and improving operational efficiency [4][5]. - The integration of resources and technology between Huahong and Huazhi Microelectronics is anticipated to foster innovation and strengthen competitive advantages in the semiconductor industry [5].

Core Viewpoint - The article discusses the significant stock price increase of Huahong Company following its announcement of a major acquisition plan, which is expected to enhance its asset quality and profitability through synergies with the acquired company [3][5]. Group 1: Acquisition Details - Huahong Company plans to acquire a 97.4988% stake in Shanghai Huali Microelectronics through a combination of issuing shares and cash payments [4][5]. - The total assets of the target company, as of June 30, 2025, are valued at 7.58 billion [4]. Group 2: Expected Synergies - The acquisition is anticipated to create synergies in technology platforms, customer resources, supply chain management, and production capacity, thereby improving the overall asset quality and profitability of Huahong Company [5][6]. - Both companies possess complementary manufacturing processes (65/55nm and 40nm), which will enhance Huahong's 12-inch wafer foundry capacity and broaden its technical offerings [5][6]. Group 3: Strategic Benefits - The integration of research and development resources and core technology sharing is expected to accelerate innovation and improve technical barriers in logic and specialty processes [6]. - Huahong Company aims to achieve deeper integration in internal management, process platforms, custom design, and supply chain, leading to cost reduction and efficiency improvements, ultimately enhancing market share and profitability [6].

Core Viewpoint - Huahong Company experienced a significant stock price increase, with a peak rise of over 18% and a trading volume of 3.16 billion yuan following the announcement of a major acquisition plan [1][2]. Group 1: Acquisition Announcement - On August 31, Huahong Company announced a plan to acquire 97.4988% of Shanghai Huali Microelectronics Co., Ltd. from its controlling shareholder, Huahong Group, through a combination of issuing shares and cash [2][3]. - The company plans to raise supporting funds by issuing shares to no more than 35 qualified investors [2]. - The total asset value of the target company is estimated at 7.58 billion yuan as of June 2025 [2]. Group 2: Strategic Benefits - The acquisition is expected to enhance the asset quality and profitability of Huahong Company, benefiting minority shareholders [3]. - Both Huahong Company and Huali Microelectronics possess complementary manufacturing processes, which will improve the company's 12-inch wafer foundry capacity and provide a wider range of technical solutions [3]. - The integration of R&D resources and core technology sharing is anticipated to lead to improvements in process optimization, yield enhancement, and innovation in device structures, thereby strengthening the company's competitive edge [3].

（香港中环夏悫道 12 号美国银行中心 2212 室） 首次公开发行股票科创板 上市公告书 联席保荐人（联席主承销商） 股票简称：华虹公司 股票代码：688347 华虹半导体有限公司 HUA HONG SEMICONDUCTOR LIMITED 中国（上海）自由贸易试验区商城路 618 号 上海市广东路 689 号 联席主承销商 广东省深圳市福田区中心三路 8 号卓越时代 广场（二期）北座 2 座 27 层及 28 层 上海市黄浦区中山南路 318 号东方国际金融 广场 2 号楼 24 层 北京市西城区阜成门外大街 29 号 1-9 层 北京市朝阳区建国门外大街 1 号国贸大厦 特别提示 华虹半导体有限公司（以下简称"华虹公司"、"发行人"或"公司"）股票 将于 2023 年 8 月 7 日在上海证券交易所科创板上市。本公司提醒投资者应充分 了解股票市场风险及本公司披露的风险因素，在新股上市初期切忌盲目跟风"炒 新"，应当审慎决策、理性投资。 1 第一节 重要声明与提示 一、重要声明与提示 本公司及全体董事、高级管理人员保证上市公告书所披露信息的真实、准确、 完整，承诺上市公告书不存在虚假记载、误导性陈述或者 ...