Core Viewpoint - The article discusses the recent strategic moves by Jiang Bin, the former richest man in Shandong, including the acquisition of two subsidiaries of Hong Kong's Lianfeng Commercial Group for approximately HKD 10.4 billion, and the upcoming IPO of Goer Microelectronics in Hong Kong, which is expected to enhance the company's competitiveness and market presence [3][5][10]. Group 1: Company Developments - Goer Microelectronics is set to enhance its comprehensive competitiveness in the precision structural components sector through the acquisition, aiming for deeper vertical integration and stronger collaboration with leading industry clients [5]. - The spin-off of Goer Microelectronics is anticipated to improve corporate governance, increase international market visibility, and assist in business expansion, while also enhancing financing efficiency and capital strength for both Goer Microelectronics and Goer Co., Ltd. [5][18]. - Goer Microelectronics has grown into a globally recognized provider of intelligent sensing interaction solutions, with over 50 billion sensors shipped and applications across various sectors including consumer electronics and automotive [11][12]. Group 2: Financial Performance - The revenue of Goer Microelectronics from 2022 to March 2025 is projected to be approximately CNY 3.12 billion, CNY 3.00 billion, CNY 4.54 billion, and CNY 1.12 billion, with corresponding gross margins of 18.5%, 17.2%, 19%, and 20.6% [11]. - Despite the increase in R&D and sales expenses, the net profit for the same period is expected to decline, reaching approximately CNY 326 million, CNY 289 million, CNY 309 million, and CNY 116 million [13]. - The company has invested over CNY 900 million in R&D over 39 months, holding 1,825 registered patents, including 738 invention patents [14]. Group 3: Market Position and Strategy - Goer Microelectronics is positioned as the fourth largest sensor provider globally and the largest acoustic sensor provider, according to Zhuoshi Consulting [12]. - The article highlights the trend of major players in the Apple supply chain, referred to as the "Fruit Chain," moving towards Hong Kong for IPOs to facilitate global strategic expansion and capitalize on favorable market conditions [15][18]. - The combined market capitalization of Goer Co., Ltd., Lens Technology, and Luxshare Precision exceeds CNY 790 billion, CNY 1.2 trillion, and CNY 2.64 trillion, respectively, showcasing their significant growth and influence in the industry [16].

Core Viewpoint - The article discusses the recent strategic moves by Jiang Bin, the former richest man in Shandong, including the acquisition of two subsidiaries of Hong Kong's Lianfeng Commercial Group for approximately HKD 10.4 billion, and the upcoming IPO of Goer Microelectronics in Hong Kong, which aims to enhance the company's competitiveness and market presence [6][7][19]. Group 1: Company Background and Development - Goer Microelectronics, a subsidiary of Goer Co., was established as part of the company's expansion into the microelectronics sector, initially starting with upstream components for electronic devices [9][10]. - The company has grown significantly since its founding in 2001, becoming a key player in the supply chain for major clients like Apple and Xiaomi, with a cumulative shipment of over 5 billion sensors [14][15]. - Goer Microelectronics is now recognized as a leading provider of intelligent sensing solutions, with a valuation of approximately 20.5 billion yuan, making it the largest unicorn in Shandong [12][15]. Group 2: Financial Performance and Market Position - The revenue of Goer Microelectronics from 2022 to March 2025 is projected to be approximately 3.121 billion yuan, 3.001 billion yuan, 4.536 billion yuan, and 1.12 billion yuan, with corresponding gross margins of 18.5%, 17.2%, 19%, and 20.6% [14]. - Despite a decline in net profit due to increased R&D and sales expenses, the company has invested over 900 million yuan in R&D over 39 months and holds 1,825 registered patents [15]. - Goer Microelectronics is expected to become the fourth largest sensor provider globally and the largest acoustic sensor provider by 2024 [15]. Group 3: Strategic Moves and Market Trends - The decision to split Goer Microelectronics for a Hong Kong IPO is part of a broader strategy among the "fruit chain" companies, which includes Goer Co., Lens Technology, and Luxshare Precision, to enhance their global presence and capital operations [19][20]. - The article highlights the trend of Chinese companies seeking international listings to facilitate global expansion, especially in a competitive market environment [20]. - The upcoming IPO of Goer Microelectronics is anticipated to be the second for Jiang Bin and his wife, further solidifying their wealth and influence in the industry [11][18].