Huaying Technology: Plans to sell 48.92% stake in Fuzhao Semiconductor

On May 22, Huaying Technology announced that in order to further focus on its core business and optimize resource allocation, the company plans to sell 48.92% of its equity interests in Fuzhao Semiconductor.

This transaction has completed the state-owned assets assessment and filing procedures and will be publicly listed on Fujian Property Rights Trading Center Co., Ltd. (hereinafter referred to as "Fujian Property Rights Trading Center"). Any company that meets the conditions can participate in the auction. The counterparty of the transaction is temporarily undetermined. If the final delisting party is an associated enterprise, this transaction will constitute a related transaction. The listing price will not be less than 48.92% of the assessed value of all shareholders' equity of Fuhao Semiconductor on the assessment base date of March 31, 2026, and the corresponding amount will be approximately 33.9307 million yuan. After the completion of this share transfer transaction, Huaying Technology will no longer hold shares in Fuzhao Semiconductor.

Public information shows that Fuzhao Semiconductor is jointly established by Fuzhou Huazhao Optoelectronics (51.081% stake) and Huaying Technology (48.919% stake). Its business scope covers electronic component manufacturing, wholesale, retail and other electronic device manufacturing. The company will officially put into production and operation in September 2023, focusing on the production of high-end chip products such as Mini LED, Micro LED and front-mounted automotive LED.

It is worth mentioning that Fuzhou Huazhao Optoelectronics was originally Fujian Zhaoyuan Optoelectronics, but was later acquired by TCL Huaxing with 80% of its shares and renamed Huazhao Optoelectronics.

According to Huaying Technology, Fuzhao Semiconductor has been affected by factors such as industry environment and market competition in recent years, and its operating performance has not met expectations. This transaction will help the company adjust its asset structure in a timely manner, revitalize inefficient assets, reduce the drag on non-core businesses, and is in the interests of the company and all shareholders.

In 2025, Huaying Technology achieved total operating income of 1.379 billion yuan, a year-on-year decrease of 20.70%; net profit attributable to the parent company was a loss of 1.032 billion yuan. In the first quarter of 2026, the company achieved total operating income of 290 million yuan, a year-on-year decrease of 15.18%; net profit attributable to the parent company was a loss of 222 million yuan. (Compiled by TrendForce Display)

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