Zhitong Finance App News, Huaqin Technology (03296) announced that the company's wholly-owned subsidiary plans to jointly increase capital with Jinghe Integration and Hefei Construction Investment at a price of 1.00 yuan/registered capital to Jingyi Integrated, a wholly-owned subsidiary of Jinghe Integration. The parties intend to increase the total capital of 9.1 billion yuan in monetary terms. Among them, the company's wholly-owned subsidiary plans to invest 1 billion yuan. Prior to this capital increase, Hefei Qinhe did not hold shares in Jingyi Integrated; after the capital increase was completed, Hefei Qinhe held 9.01% of Jingyi Integrated's shares.
Jingyi Integrated Systems is the main construction entity of the Phase IV Crystal Integration project, with a total investment of 35.5 billion yuan. It is currently building a 12-inch wafer manufacturing production line with a production capacity of about 55,000 pieces/month, focusing on 40 nm and 28 nm CIS, OLED and logic processes. The products can be widely used in OLED display panels, AI phones, AI computers, smart cars and artificial intelligence. The company's participation in Jingyi Integration through a wholly-owned subsidiary is the upstream layout of the industrial chain around its main business. The main considerations are as follows: first, it is beneficial for the company to strengthen industrial collaboration with upstream wafer manufacturers, improve the relevant layout of the industrial chain, integrate superior resources from all parties, and enhance supply chain coordination capabilities and comprehensive competitive advantage; second, the key process direction and product application areas of the target company are correlated with the company's intelligent hardware products and customer application scenarios.