Bubble Finance learned that on the evening of November 17, Xi Diwei (688173. SH) announced that the company intends to purchase 100% of the shares of Chengxin Micro held by Cao Jianlin, Cao Songlin, Lianzhi Chuangxin and Huizhi Chuangxin by issuing shares and paying cash, of which 55% of the transaction consideration is paid by the listed company by issuing shares, and 45% of the transaction consideration is paid by the listed company in cash. The company's shares will resume trading from the market open on November 18, 2024. This transaction is expected to constitute a major asset restructuring, but not a related party transaction and restructuring and listing. After the completion of this transaction, the main financial indicators such as asset scale and operating income of the listed company are expected to be improved, which is in line with the interests of the listed company and all shareholders.

According to the 21st Century Business Herald:

Chengxin Micro was listed on the basic layer of the New Third Board in 2022. Judging from public reports, Chengxin Micro's net profit reached 30 million in the year before its listing, and the four comparable companies listed in its business transfer book are Lixin Micro, Xinpeng Micro, Yingjixin, and Biyi Micro, the latter of which are all listed on the Science and Technology Innovation Board, with a profit of more than 150 million yuan in 2021. Chengxin Micro also said that its products are used in terminal brands such as DJI, Philips, and BYD. These have left a lot of room for imagination for the outside world, and are even considered to have the potential to impact the listing of the Beijing Stock Exchange.

However, after the listing, the performance of Chengxin Micro was not good, and the listing will be terminated from December 20, 2023.

In 2022, Chengxin Micro will achieve an operating income of 166 million yuan, a year-on-year decrease of 12.79%, a net profit of 4.7356 million yuan, a decrease of 84.68% from the previous year, and a total asset of 198 million yuan at the end of the year. In the first half of 2023, the company achieved an operating income of 82.587 million yuan, a year-on-year increase of 9.23%, and a net profit of 7.0244 million yuan, a year-on-year decrease of 7.54%.

The main business of Xidi Micro is the R&D, design and sales of analog integrated circuits including power management chips and signal chain chips. The company's main products are DC/DC chips, lithium battery charging management chips, port protection and signal switching chips, power conversion chips, etc.

In the first three quarters of 2024, Xidi Micro increased revenue without increasing profits, achieving operating income of 345 million yuan, a year-on-year increase of 32.10%, and a net profit loss attributable to the parent company of 195 million yuan.

This article was first published in the interpretation of the financial outlet, if it is reprinted, please indicate the source.

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