Hua Hong Company avanza en la aprobación de la solicitud de inyección de Hua Li Wei

Tomado de: China Securities Journal · China Securities Network

China Securities Journal China Securities Network report (Reporter Wang Jinghan): On March 30, Huahong Corporation announced that the application materials for the issuance of shares to purchase assets and raise supporting funds, as well as related-party transactions, have been accepted by the Shanghai Stock Exchange, and simultaneously updated the revised draft of the restructuring report (draft) and financial information as of December 31, 2025. According to the announcement, this transaction still requires review by the SSE and approval by the China Securities Regulatory Commission before it can be implemented.

The update and acceptance of the application documents for this transaction mark that the asset injection process has entered a substantive review stage, and subsequent procedures are expected to proceed in an orderly and steady manner. Previously, Huahong Corporation publicly committed to injecting Huali Micro into the listed company within three years of its listing.

Huahong Corporation stated that this restructuring is a substantial fulfillment of that commitment. By injecting Huali Micro, Huahong Semiconductor and other companies controlled by the controlling shareholder will effectively resolve the industry competition on the 65/55nm and 40nm overlapping process platforms, optimize the company’s governance structure and business independence, and meet regulatory requirements and market expectations.

The core target of this injection, Huali Micro, has over 15 years of semiconductor manufacturing technology accumulation, operates fully automated 12-inch integrated circuit foundry production lines, with a designed monthly capacity of 38,000 wafers. The 65/55nm and 40nm processes have reached industry mainstream levels, establishing a solid competitive barrier in mature process fields. Financially, Huali Micro’s revenue in 2025 is expected to exceed 5.1 billion yuan. After the transaction is completed, it is expected to enhance the revenue scale of the listed company and cultivate new profit growth points.

Huahong Corporation stated that with the gradual release of integration effects, the company is expected to achieve higher-quality development in the specialty process wafer foundry sector. Relying on a more comprehensive technological layout, more sufficient capacity reserves, and a more complete customer ecosystem, it will deeply participate in global semiconductor industry competition, improve its share and profitability in the global wafer foundry market, and realize the business value of “1+1>2”.