2.651 billion, Huaqin Technology completed the transfer of 5% equity of Jinghe Integration

On May 21, Huaqin Technology announced that the transfer of 5% of the shares of Jinghe Integrated Circuit Co., Ltd. (hereinafter referred to as Jinghe Integrated) held by Powerchip Innovation Investment Holdings Co., Ltd. (hereinafter referred to as: Powerchip Ventures) under the agreement of the company's wholly-owned subsidiary Hefei Qinhe Electronic Technology Co., Ltd. has completed the transfer registration procedures, and the total transaction price is approximately 2.651 billion yuan.

This transaction stems from a share transfer agreement previously signed by both parties. According to the agreement, Hefei Qinhe received 100,379,585 shares of Jinghe Integrated from Powerchip Ventures at a price of 26.41 yuan per share, accounting for 5.00% of the company's total share capital. Relevant transaction matters were disclosed on April 29, 2026.

Recently, China Securities Depository and Clearing Co., Ltd. issued the "Securities Transfer Registration Confirmation", confirming that the transfer registration of the above shares has been completed on May 19, 2026, marking the official completion of this transaction.

After the transaction is completed, the shareholding structure of Huaqin Technology and its wholly-owned subsidiaries will remain unchanged, with the adjusted overall shareholding ratio being 11.00%. Among them, Huaqin Technology originally directly held 120,368,109 shares of Jinghe Integration, accounting for 6.00% of the total share capital; Hefei Qinhe held 5% of Jinghe Integration's shares through this transfer. The two hold a total of 220,747,694 shares, accounting for 11.00% of the total share capital of Jinghe Integrated.

According to data, Jinghe Integrated Circuit Co., Ltd. is mainly engaged in 12-inch wafer foundry business, and has built multi-process platform foundry capabilities covering DDIC, CIS, PMIC, Logic and MCU. At present, the company has achieved mass production of process platforms from 150nm to 40nm, 28nm OLED products are in the continuous verification stage, and the development of the 28nm logic process platform has also been completed.

From the perspective of operating performance, Jinghe Integrated will achieve 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 is 696 million yuan, a year-on-year increase of 30.66%.

Huaqin Technology previously stated that this investment is based on its recognition of the future development prospects and long-term investment value of Jinghe Integration, and plans to achieve long-term shareholding through relevant transactions to further strengthen the integration and synergy of upstream and downstream resources in the industry chain. At the same time, the company also hopes to take this opportunity to expand cooperation space in industrial investment and related business fields, thereby enhancing its overall competitiveness and market position.