On May 4, Hefei Jinghe Integrated Circuit Co., Ltd. (Hereinafter referred to as "Jinghe Integration"), in which Shangfeng Cement shares, issued the "Listing Announcement of Initial Public Offering of Stocks" (hereinafter referred to as "Listing Announcement"). The public offering of shares of Jinghe Jicheng will be listed and traded in SSE STAR Market on May 5, 2023. The stock is referred to as "Jinghe Jicheng", the stock code is 688249, and the stock issue price is 19.8 yuan. This is also the first listed project in Shangfeng's new economic equity investment.
Crystal Integration is mainly engaged in 12-inch wafer foundry business, and the company's 12-inch wafer foundry capacity in 2022 is 1.2621 million pieces. According to Frost & & According to Sullivan's statistics, by the end of 2020, Crystal Integration has become the third largest pure wafer foundry enterprise (excluding foreign-funded holding enterprises) with the third largest revenue and 12-inch wafer foundry capacity in mainland China. According to TrendForce, a market research Institute, in the second quarter of 2022, the company ranked ninth in the world in terms of operating income among global wafer foundries. In September 2020
, Shangfeng Cement invested 250 million yuan to establish a private investment fund, Hefei Cunxin Integrated Circuit Investment Partnership (Limited Partnership) (hereinafter referred to as "Hefei Cunxin"), with Lanpu Venture Capital Management Partnership (General Partnership) in Suzhou Industrial Park, a professional institution. Shangfeng Cement holds 83.06% of the investment shares of Hefei Cunxin, and Hefei Cunxin specially invests in Jinghe Integration and holds 26,404,236 shares (the investment cost is about 11.36 yuan/share), accounting for 1.75% of the total share capital of Jinghe Integration before the issuance, which is the sixth largest shareholder of Jinghe Integration. Since the release of the "one main and two wings" strategy
, Shangfeng Cement has continued to extend and expand the industrial chain based on cement and "cement plus", and the new economic equity investment wing has focused on the investment layout in the fields of chip semiconductor, optical storage, new energy and new materials, with a cumulative expenditure of about 1.3 billion yuan. The successful listing of Jinghe Integration is also an important achievement of the investment wing in the company's "one main and two wings" development strategy. The circulation of equity listing is of great significance to the promotion of equity value and the optimization of capital structure, and has played a positive role in promoting the transformation and upgrading of the company's industry, optimizing asset allocation and enhancing core competitiveness. The new economic equity investment wing will also become an important support for the sustainable and healthy development of the company in the future.
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