On the evening of December 15, Naura Technology Group Co., Ltd. (SZ002371, stock price: 449 yuan, market cap: 325.3 billion yuan), a leading domestic integrated circuit equipment manufacturer, announced that its controlling shareholder, Beijing Electronics Holding Co., Ltd. (referred to as Beijing Electronics), intends to transfer 14.4818 million unrestricted tradable ordinary shares to Guoxin Investment Co., Ltd. (referred to as Guoxin Investment) via a non-public agreement. The transfer price is set at 426.39 yuan per share, with a total transaction value of 6.18 billion yuan.
The transfer will not result in a change of Naura Technology's controlling shareholder. The move aims to strengthen strategic cooperation between Beijing Electronics and Guoxin Investment, leveraging their respective resource advantages. As of December 15, Naura Technology's closing stock price stood at 449 yuan.
**6.18 Billion Yuan Stake Transfer via Agreement** According to the announcement, Beijing Electronics signed a share transfer agreement with Guoxin Investment on December 15. The transfer involves 14.4818 million shares, representing 2.00% of Naura Technology's total equity, at 426.39 yuan per share, totaling 6.18 billion yuan.
Post-transfer, Beijing Electronics will directly hold 52.9546 million shares (7.31% stake) and, through its wholly-owned subsidiary Qixing Huadian Technology Group Co., Ltd., retain 240 million shares (33.20% stake). Combined, Beijing Electronics will control 293 million shares (40.51% stake), maintaining its position as the controlling shareholder.
**Strategic Cooperation and Industry Support** Naura Technology stated that the transfer aims to deepen strategic collaboration between Beijing Electronics and Guoxin Investment, pooling resources to foster a capital-driven industrial partnership and support China's integrated circuit industry development.
The company emphasized that Beijing Electronics and Guoxin Investment are not related parties, and the transfer will not affect corporate governance, operations, or shareholder interests. However, the transaction requires approval from the Beijing State-owned Assets Supervision and Administration Commission, Guoxin Holding Co., Ltd., and compliance confirmation from the Shenzhen Stock Exchange before settlement, with final completion subject to uncertainty.
**Increased Orders and R&D Expenditure in First Three Quarters** Naura Technology clarified that the transfer involves no price hedging, shareholding proxies, guaranteed returns, or supplementary agreements. Guoxin Investment has committed not to transfer the acquired shares within 12 months of completion, reflecting confidence in Naura Technology's long-term value.
Specializing in semiconductor equipment and electronic components, Naura Technology's products span etching, thin-film deposition, heat treatment, and other core processes for applications in ICs, power semiconductors, and advanced packaging.
In the first three quarters of 2023, Naura Technology reported revenue of 27.301 billion yuan, up 32.97% year-on-year, while net operating cash flow turned negative at -2.566 billion yuan, a 713.01% decline. The company attributed this to heightened R&D investment and cash outflows, with H1 R&D spending reaching 2.915 billion yuan, a 30.01% increase.
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