Core Viewpoint - Jiangsu Zongyi Co., Ltd. is responding to the Shanghai Stock Exchange's inquiry regarding its major asset acquisition plan, emphasizing the need for further verification of the target company's performance commitments and financial data, which are currently unaudited [1]. Group 1: Company Overview - Jiangsu Zongyi Co., Ltd. is engaged in the research, production, and sales of power semiconductor chips and devices, primarily operating under an IDM model with supplementary Fabless operations [2][3]. - The target company specializes in power semiconductor chips, which are essential for energy conversion and circuit control in electronic devices [2][3]. Group 2: Industry Context - The power semiconductor market in China was approximately 151.94 billion yuan in 2023, with a projected market size of 80.09 billion yuan in 2024 [3]. - The market structure for power semiconductors includes MOSFETs, diodes, and IGBTs, which account for 16.4%, 14.8%, and other categories respectively [3][4]. Group 3: Competitive Landscape - The target company holds a market share of approximately 5.09% in the domestic thyristor market, indicating a significant presence among competitors [10]. - Major competitors in the thyristor segment include Jiangsu JieJie Microelectronics Co., Ltd., Zhuzhou CRRC Times Electric Co., Ltd., and Hubei Taiji Semiconductor Co., Ltd., with JieJie Microelectronics leading with a market share of about 37% [7][10]. Group 4: Financial Performance and Projections - The target company has set performance commitments for the years 2025 to 2028, with net profit targets of 26 million yuan, 33 million yuan, 41 million yuan, and 50 million yuan respectively, totaling no less than 150 million yuan [21]. - The projected growth rates for these commitments compared to the 2024 net profit are 66.67%, 111.54%, 162.82%, and 220.51% respectively [21]. Group 5: Strategic Alignment - The acquisition aligns with the company's core business in integrated circuits, enhancing its manufacturing capabilities in power semiconductors, which is crucial for the integrated circuit industry [18][19]. - The integration of the target company's manufacturing capabilities with the company's design strengths is expected to improve product quality and cost control, providing a competitive edge in the market [18][19].