2.651 billion, Huaqin Technology plans to increase its holdings of 100 million shares in Jinghe Integration

On the evening of April 28, Huaqin Technology announced that the company and its wholly-owned subsidiary Hefei Qinhe Electronic Technology Co., Ltd. (hereinafter referred to as "Hefei Qinhe") and Powerchip Innovation Investment Holdings Co., Ltd. (hereinafter referred to as "Powerchip Ventures") signed a "Share Transfer Agreement" to transfer approximately 100 million shares of Jinghe Integration held by it with its own funds and self-raised funds totaling 2.651 billion yuan, accounting for 5% of the total share capital of Jinghe Integration. After the completion of this transaction, Huaqin Technology will become an important shareholder of Jinghe Integration, and the two parties will carry out in-depth collaboration in the upstream and downstream of the semiconductor industry chain.

The announcement shows that the transaction price is 26.41 yuan per share, and does not involve a tender offer, and will not lead to changes in the controlling shareholders and actual controllers of Jinghe Integration. Huaqin Technology had transferred 6% of Jinghe Integrated's shares held by Powerchip Ventures through an agreement in July 2025. After the completion of this equity transfer transaction, Huaqin Technology and its subsidiaries hold a total of approximately 221 million shares of Jinghe Integration, accounting for 11.00% of the total share capital of Jinghe Integration, becoming the third largest shareholder of Jinghe Integration.

According to data, Jinghe Integration is mainly engaged in 12-inch wafer foundry business and has foundry technology capabilities for DDIC, CIS, PMIC, Logic, MCU and other process platforms. The company has achieved mass production of process platforms from 150nm to 40nm, 28nm OLED products are continuing to be verified, and the development of the 28nm logic process platform has been completed.

In terms of performance, Jinghe Integration achieved total operating income of 10.885 billion yuan in 2025, a year-on-year increase of 17.69%; net profit attributable to shareholders of listed companies was 696 million yuan, a year-on-year increase of 30.66%.

Huaqin Technology stated that this investment is based on the company's confidence in the future development prospects of Jinghe Integration and the recognition of long-term investment value. The company intends to deepen the resource integration and synergy effects of the upstream and downstream of the industrial chain through this transaction and its commitment to long-term holding of Jinghe Integration's shares. It will also take this opportunity to make key strategic investment layouts and further explore the possibility of cooperation between all parties in various businesses and projects such as industrial investment, so as to enhance the company's overall competitiveness and market position.