9月11日，华虹公司涨5.08%，截至发稿，报71.77元/股，成交11.62亿元，换手率4.07%，总市值1244.22 亿元。 财通资管鑫逸混合A（004888）基金经理为李晶、石玉山。 截至发稿，李晶累计任职时间3年315天，现任基金资产总规模2.3亿元，任职期间最佳基金回报 82.71%， 任职期间最差基金回报5.47%。 石玉山累计任职时间3年131天，现任基金资产总规模28.9亿元，任职期间最佳基金回报15.9%， 任职期 间最差基金回报0.03%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，华虹半导体有限公司位于上海张江高科技园区哈雷路288号,香港中环夏悫道12号美国银行中 心2212室，成立日期2005年1月21日，上市日期2023年8月7日，公司主营业务涉及华虹半导体有限公司 是一家主要从事特色工艺晶圆代工的中国投资控股公司。该公司提供包括嵌入式/独立式非易失性存储 器、功率器件、模拟与电源管理、逻辑与射频等多元化特 ...

Core Viewpoint - The company plans to acquire a 97.4988% stake in Shanghai Huali Microelectronics Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds from specific investors [1][3]. Group 1: Transaction Details - The company will issue shares at a price of 43.34 yuan per share, which is not less than 80% of the average trading price over the previous 120 trading days [3]. - The total amount of supporting funds raised will not exceed 100% of the transaction price for the asset acquisition [3]. - The funds will be used for working capital, debt repayment, cash consideration, and project construction, with a maximum of 25% of the asset transaction price allocated for working capital and debt repayment [3]. Group 2: Financial Performance - In the first half of 2025, the company achieved a revenue of 8.018 billion yuan, a year-on-year increase of 19.09%, but the net profit attributable to the parent company decreased by 71.95% to 74.3154 million yuan [5]. - The acquisition of Huali Micro will enhance the company's total assets, net assets, revenue, and net profit, thereby improving its operational capabilities [5]. Group 3: Strategic Implications - The transaction is expected to create synergies in technology and operational efficiency, enhancing the company's competitive edge in logic and specialty processes [6]. - The integration of resources and management will lead to cost reduction and efficiency improvement, increasing market share and profitability [6].

Core Viewpoint - Huahong Company plans to acquire a 97.4988% stake in Huali Micro through a combination of share issuance and cash payment, aiming to eliminate industry competition and enhance profitability [1][3]. Group 1: Transaction Details - The transaction involves four parties: Huahong Group, Shanghai Integrated Circuit Fund, Big Fund Phase II, and Guotou Xian Dao Fund, with the share issuance price set at 43.34 yuan per share [1][2]. - The final transaction price for the target assets has not yet been determined, and the lock-up periods for the shares are 36 months for Huahong Group and 12 months for the other funds [1][2]. - The raised funds will be used for working capital, debt repayment, cash payment for the acquisition, project construction, and transaction-related fees, with a maximum of 25% of the acquisition price or 50% of the total raised funds allocated for working capital and debt repayment [2]. Group 2: Strategic Objectives - One of the main objectives of the acquisition is to eliminate competition between Huahong Company and Huali Micro, which operates the first fully automated 12-inch integrated circuit chip manufacturing line in mainland China [3]. - The acquisition will allow Huahong Company to integrate Huali Micro's 65/55nm and 40nm logic processes and specialty technology, effectively resolving competition issues and protecting the rights of all shareholders, especially minority shareholders [3]. Group 3: Financial Impact - Post-transaction, Huahong Company will add 38,000 pieces per month of 65/55nm and 40nm capacity, enhancing its asset scale and profitability [4]. - Financial projections for Huali Micro show revenues of 2.579 billion yuan, 4.988 billion yuan, and 2.466 billion yuan for the years 2023, 2024, and the first half of 2025, respectively, with net profits of -363 million yuan, 530 million yuan, and 344 million yuan [4]. Group 4: Operational Synergies - The transaction is expected to create synergies through resource integration and core technology sharing, leading to improvements in process optimization, yield enhancement, and innovation in device structures [5]. - Huahong Company aims to achieve integrated management and deep-level integration in internal management, process platforms, custom design, and supply chains, thereby enhancing market share and profitability through cost reduction and efficiency improvement [5].