Core Viewpoint - The company Zhengfan Technology plans to acquire 62.23% of Hanjing Semiconductor for cash, aiming to enhance its competitiveness in the semiconductor high-consumption component sector [2][12]. Group 1: Acquisition Details - Zhengfan Technology will acquire 62.23% of Hanjing Semiconductor for approximately 1.12 billion yuan, based on a total valuation of 1.8 billion yuan for the company [7]. - The transaction involves five shareholders of Hanjing Semiconductor, with the largest shareholder transferring 41.2% of their stake [7]. - The acquisition is not classified as a related party transaction or a major asset restructuring [3]. Group 2: Financial Metrics - Hanjing Semiconductor's estimated net profit for 2024 is 84.0183 million yuan, resulting in a price-to-earnings (PE) ratio of 21.4 times, which aligns with market valuations [7]. - The company has committed to achieving a cumulative net profit of no less than 393 million yuan over the next three years, with an average annual profit of 131 million yuan, leading to a PE ratio of 13.7 times [10][11]. Group 3: Business Performance and Market Position - Hanjing Semiconductor is recognized as the first domestic producer of silicon carbide materials and a leading supplier in the quartz products industry, serving major clients like Tokyo Electron and TSMC [11][14]. - The company is currently in a high growth phase, expanding its production lines, including the first ultra-pure quartz production line in China [14]. - Zhengfan Technology reported a revenue of 5.469 billion yuan in 2024, a year-on-year increase of 42.63%, and a net profit of 528 million yuan, up 31.50% [15].