Core Viewpoint - The company Suzhou Hesheng New Materials Co., Ltd. plans to invest 250 million RMB in Shanghai Yizhi Electronic Technology Co., Ltd., acquiring a 10% stake after the investment is completed [1][2][9]. Group 1: Investment Overview - The investment will be made using self-owned or self-raised funds, with 4.766945 million RMB allocated for subscribing to the new registered capital and the remaining 245.233055 million RMB added to the capital reserve [1][9]. - The investment was approved at the company's board meeting on August 1, 2025, and does not require shareholder approval as it falls within the board's authority [2][3]. Group 2: Target Company Information - Shanghai Yizhi Electronic Technology Co., Ltd. was established on February 22, 2017, and specializes in high-end processor chip design for servers and storage devices [3][4][5]. - The company has developed three generations of processor chips and has established a strong market presence with products recognized by major internet companies and financial enterprises [5][6][15]. Group 3: Financial Performance - As of June 2025, Yizhi Electronic reported total assets of 156.5676 million RMB, total liabilities of 33.3098 million RMB, and a net loss of 37.8895 million RMB for the first half of the year [8][15]. - The company's revenue for the first half of 2025 was 31.1138 million RMB, with a total profit loss of 37.8895 million RMB [8]. Group 4: Strategic Importance - The investment aligns with the company's strategic development direction, enhancing market competitiveness and promoting sustainable growth [14][15]. - The company has previously collaborated with Yizhi Electronic on high-end server development, indicating a strong synergy that could be further leveraged through this investment [15][16].

Group 1 - Shanghai Yizhi Electronic Technology Co., Ltd. (Yizhi Electronics) is planning a new round of financing, with He Sheng New Materials (002290) intending to participate by investing 250 million yuan, which will give He Sheng a 10% stake in Yizhi Electronics at a pre-investment valuation of 2.25 billion yuan [1] - Yizhi Electronics has launched two series of ARM server processor chips, including the TF16000 and TF7000 series, targeting applications in visual AI, edge computing, AI, cloud computing, IoT, and information services [1][2] - Yizhi Electronics is developing the third-generation TF9000 series hybrid computing chip, optimized for general cloud computing and AI intelligent computing, expected to offer high performance and cost-effectiveness [2] Group 2 - He Sheng New Materials views the investment in Yizhi Electronics as a further attempt in the AI field, building on previous collaborations, including a joint venture established in March 2024 focused on AI chip development [3] - The partnership between He Sheng New Materials and Yizhi Electronics is expected to enhance their business cooperation, with Yizhi's ARM CPU supporting He Sheng's AI applications and He Sheng facilitating Yizhi's product reach to downstream customers [3] - He Sheng New Materials plans to collaborate closely with domestic hardware suppliers to improve AI computing chip performance, focusing on enhancing computing speed and reducing energy consumption [4]