On the evening of September 24, Tianshui Huatian Technology Co.,Ltd. (002185.SZ, stock price 11.78 yuan, market value 380.4 billion yuan) announced that the company is planning to issue shares and pay cash to purchase assets while raising matching funds in a related party transaction. The transaction is not expected to constitute a major asset restructuring but does constitute a related party transaction.
The company's securities will be suspended from trading starting at the market opening on September 25, 2025, with the transaction plan expected to be disclosed within no more than 10 trading days. The target company for this transaction is Huayi Microelectronics Co., Ltd., which is a controlling subsidiary of the company's controlling shareholder. The transaction counterparties are initially determined to be all or some shareholders including the controlling shareholder of the target company.
Huayi Microelectronics Co., Ltd.'s business scope includes research and development, production, and sales of semiconductor power devices.
On August 19, A-share listed company Tianshui Huatian Technology published its 2025 interim report. In the first half of 2025, the company achieved operating revenue of 7.78 billion yuan, an increase of 15.81% year-on-year, with net profit attributable to shareholders of the listed company reaching 226 million yuan and net cash flow from operating activities of 1.583 billion yuan.
During the reporting period (January to June 2025), the company's net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, was -8.1315 million yuan, remaining negative but improving by 77.36% compared to the same period last year.
The report shows that Tianshui Huatian Technology's second-quarter operating revenue was 4.211 billion yuan, an increase of 643 million yuan compared to the first quarter, setting a new record for single-quarter revenue scale. The company achieved net profit attributable to shareholders of the listed company of 245 million yuan, an increase of 264 million yuan compared to the first quarter loss of 18.5286 million yuan.
Tianshui Huatian Technology stated in its report that in the first half of 2025, benefiting from the overall recovery in the semiconductor industry's prosperity, market demand in the packaging and testing industry steadily improved, and the company's orders and operating performance grew steadily. During the reporting period, the company focused on key customer service work, upgraded strategic partnerships with strategic customers, and saw significant growth in automotive electronics and memory orders.
According to the report, Tianshui Huatian Technology's main business is integrated circuit packaging and testing, with products primarily applied in computers, network communications, consumer electronics and smart mobile terminals, Internet of Things, industrial automation control, automotive electronics, and other electronic equipment and intelligent fields.
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