长江产业集团将通过"产业+资本"赋能，助力台基股份夯实大功率晶闸管领域优势地位，加快和完善功 率半导体多领域布局，聚焦台基股份相关核心器件的拓展，积极布局SiC（碳化硅）和GaN（氮化镓） 等第三代半导体，将台基股份打造成为功率半导体领域龙头企业。长江产业集团将通过此次并购整合省 内半导体产业资源，构建半导体产业集群，促进省内半导体材料、设备、封测等环节协同发展，助力湖 北打造具有全球影响力的世界级光电子信息产业集群。 本次并购完成后，长江产业集团控股上市公司将增至6家，此前已实控广济药业、万润科技、奥特佳、 双环科技、凯龙股份，覆盖生物医药、光电子、新能源汽车、现代化工等行业。 责编：ZB 台基股份总部位于湖北襄阳，是国内大功率半导体器件首家上市公司、功率半导体器件细分领域龙头企 业，主要产品为大功率晶闸管、整流管、电力半导体模块、脉冲功率开关等功率半导体器件及组件。 2025年6月，台基股份宣布公司实控人邢雁等人，拟向长江产业集团转让公司控股股东襄阳新仪元半导 体有限责任公司（下称"新仪元"）576.76万股股权（占新仪元股权比例约 32.04%），转让价格为74.59 元/股，总转让价款4.3亿元。同时 ...

Core Viewpoint - The company, Taiji Co., primarily produces high-power semiconductor devices and components, which are widely used in various electrical systems and industrial control equipment [1] Product Overview - Main products include high-power thyristors, rectifiers, IGBTs, power semiconductor modules, and pulse power switches [1] - These products find applications in industrial frequency converters, motor drives, high-power power supplies, digital energy, smart grids, rail transit, and new energy sectors [1]

Core Viewpoint - The company, Taiji Co., focuses on the research, manufacturing, sales, and service of power semiconductor devices, indicating a strong position in the power semiconductor industry [1] Company Overview - The main products of the company include high-power thyristors, rectifiers, IGBTs, power semiconductor modules, and pulse power switches, showcasing a diverse product range within the power semiconductor sector [1]

Investment Rating - The report assigns an "Accumulate" rating for the company [4]. Core Views - The company has achieved a turnaround in net profit for Q1 2025, with a significant increase in high-end market revenue share [1][2]. - The semiconductor market in China is experiencing accelerated domestic substitution, reducing reliance on imports and creating growth opportunities for local companies [3]. - The company is focusing on high-value applications, with a notable increase in sales of digital energy devices and significant orders in specialized power supply sectors [8][9]. Financial Summary - For 2024, the company is projected to achieve revenue of 354 million yuan, a year-on-year increase of 10.76%, while net profit is expected to decline by 18.77% to 25 million yuan [1]. - The company's revenue is expected to grow steadily from 320 million yuan in 2023 to 537 million yuan by 2027, with a compound annual growth rate (CAGR) of approximately 12.3% [1]. - The gross margin for 2024 is projected at 29.45%, an increase of 6.26 percentage points year-on-year, indicating improved profitability [2]. Market Position and Competitive Advantage - The company ranks among the top domestic players in the high-power semiconductor device sector, with strong production capacity and quality advantages [3]. - The company maintains long-term stable partnerships with leading enterprises in various electrical systems and industrial control equipment sectors, enhancing its market presence [3][8]. - The focus on high-end clients and applications has led to a significant increase in revenue from high-value power semiconductor devices [8].

Core Viewpoint - Hubei Taiji Semiconductor Co., Ltd. is undergoing a potential change in control, which may impact its stock performance and operations [3]. Company Overview - Taiji Semiconductor specializes in the research, manufacturing, sales, and service of power semiconductor devices, including high-power thyristors, rectifiers, IGBTs, power semiconductor modules, and pulse power switches [4]. - The company operates under a vertically integrated (IDM) business model, covering the entire process from product development to sales [4]. Financial Performance - In 2024, Taiji Semiconductor reported total revenue of 354 million yuan, representing a year-on-year increase of 10.76% [4]. - The net profit attributable to shareholders was 25.29 million yuan, a decline of 18.77% compared to the previous year [4]. - The net profit excluding non-recurring gains and losses was 47.59 million yuan, showing a significant increase of 88.94% year-on-year [4]. - The net cash flow from operating activities was 83.92 million yuan, up by 17.52% year-on-year [4]. Recent Developments - On May 19, 2025, Taiji Semiconductor co-founded Jingmai Technology Company, in collaboration with several partners, to focus on the industrialization of silicon-based light-triggered multi-gate semiconductor switch technologies [4].