Core Viewpoint - Shaanxi Huada (301517.SZ) and Huajing Microelectronics are not involved in the nuclear power sector, focusing instead on various electronic products [1] Group 1: Company Overview - Huajing Microelectronics' core products include mixed integrated circuits, power products, RF devices, sensors, optical modules, potentiometers, and automotive electronic products [1] - The market for integrated circuits and power products is extensive, indicating significant growth potential [1] Group 2: Product Development - The optical module production line has been established and is currently undergoing market expansion [1] - The application of the plastic displacement potentiometer is widespread in the defense sector [1] - Automotive electronic products primarily serve domestic new energy vehicle manufacturers [1]

Group 1 - The core focus of the recent investor meeting held by Shaanxi Huada was on the acquisition of Shaanxi Huajing Microelectronics and its impact on the company's operations and market strategy [2][3] - The acquisition of 100% equity in Shaanxi Huajing Microelectronics is expected to enhance the company's product structure and create significant synergies, allowing it to transition from a single component supplier to a comprehensive system solution provider [2] - The company anticipates a growth in revenue for the year 2025, with a focus on increasing market development efforts and improving operational efficiency through cost reduction and lean management [3] Group 2 - Shaanxi Huada is expanding its product offerings in the civil goods sector, particularly in new communication technologies, leveraging the capabilities of Huajing Microelectronics [4] - The company is also focusing on the commercial aerospace sector, actively participating in standard-setting and expanding its product range for commercial satellites, which is expected to increase the value per satellite [4] - The investor meeting emphasized the company's commitment to transparent information disclosure, ensuring that all communications are accurate and timely [4]

Group 1: Company Acquisition and Impact - The company acquired 100% of Shaanxi Huajing Microelectronics Co., Ltd., which will enhance its product offerings in mixed integrated circuits, power products, RF devices, sensors, optical modules, potentiometers, and automotive electronics [3] - The acquisition is expected to improve R&D and production capabilities, reduce fixed costs, and create synergies between the two companies [3] - This strategic move aims to transition the company from a single component supplier to a comprehensive system solution provider [3] Group 2: Financial Performance and Market Strategy - The company anticipates a certain revenue recognition cycle following the issuance of new orders in 2025, with Q2 revenue showing year-on-year and quarter-on-quarter growth [3] - Continuous efforts will be made to expand market reach and collaborate closely with key clients to explore cooperation potential [3] - The company is committed to cost reduction, efficiency enhancement, and lean management to improve operational efficiency [3] Group 3: Product Development and Market Expansion - The company is actively expanding its product categories and application areas in line with the development of next-generation communication technologies [4] - There is a focus on increasing market penetration in the optical module and optoelectronic product sectors through collaborative efforts [4] - In the commercial aerospace sector, the company is diversifying its product offerings, including RF connectors, high-speed connectors, and fiber optic components, to enhance the value per satellite [4] Group 4: Communication and Disclosure - The company emphasizes transparent communication with investors, adhering to its information disclosure management system to ensure accurate and timely information sharing [4]

Core Viewpoint - Shaanxi Huada plans to acquire 100% equity of Huajing Microelectronics through a share issuance, marking its first industrial integration post-listing, aiming to transition from a "professional connector manufacturer" to a "comprehensive component solution provider" [1] Group 1: Strategic Significance - The acquisition is expected to create product complementarity, market synergy, and resource integration, achieving a "1+1>2" aggregation effect [1] - Both companies have a historical connection as they were established as part of national strategic deployments in the 1960s, with Shaanxi Huada being a pioneer in electrical connectors and Huajing Microelectronics specializing in thick-film hybrid integrated circuits [2] Group 2: Product and Market Expansion - Huajing Microelectronics' core products include hybrid integrated circuits, power products, RF devices, sensors, optical modules, potentiometers, and automotive electronics, with significant market potential in integrated circuits and power products [3] - The merger will enhance Huajing Microelectronics' R&D and production capabilities, allowing for rapid scale expansion and cost reduction through shared investments [3] Group 3: Synergy and Collaboration - The integration will leverage both companies' strengths in aerospace applications, with a focus on enhancing R&D investment and technology breakthroughs to support national aerospace development [4] - Both companies have established revenue streams in the UAV sector and are advancing product standardization in communication fields [4] Group 4: Competitive Advantage and Innovation - Shaanxi Huada aims to capitalize on opportunities in commercial aerospace, low-orbit satellites, and integrated information network infrastructure, enhancing its competitive edge in high-end components [6] - The company emphasizes continuous innovation, talent development, and management optimization as core strategies to support sustainable growth in the face of emerging technologies like 5G, IoT, and AI [7] - The acquisition is seen as a pivotal step in Shaanxi Huada's strategic transformation, potentially marking a significant milestone in its development journey [7]