Transforming Integrated Circuit Industry Chain | Wanye Enterprise Detailed Development Planning

On August 6th, Wanye Enterprise held a media briefing on the issue of shares to acquire assets on the Shanghai Stock Exchange, and announced the original intention of entering the field of integrated circuits, its own advantages and capabilities, and the future in the transaction plan for the acquisition of ion implanter manufacturer Kai Shitong. Development plan. At the same time, respond to questions from the investment center and many media.

At the meeting, Zhu Xudong, chairman of Wanye Enterprise, expressed his thoughts in three sentences: First, 'the gentleman loves money, and has a good way'. The semiconductor industry is the crown of manufacturing. The core team of the company is invested in real money, hoping to climb the peak. 'Make big money'; Second, 'Like hard bones', want to study in places where there are few people; Third, 'no diamonds, no porcelain,' the company is ready for a series of powerful measures to get things done.

Since the company invested in Pico in 2015, Wanye has been committed to the transformation of high-tech industries. As early as April 2017, the company had spent 1 billion yuan to subscribe for the first 20% share of Shanghai IC Equipment Materials Investment Fund. This time, the acquisition of Kai Shitong and the introduction of the National Integrated Circuit Industry Investment Fund (hereinafter referred to as the 'National Big Fund') as the three shareholders will further consolidate the layout of Wanye enterprises in the field of integrated circuit equipment manufacturing.

Acquisition of domestic first-class ion implanter assets

According to the plan, Wanye Enterprise intends to acquire the 49% equity of Kai Shi Tong held by Kai Shi Tong Hong Kong and Suzhou Zhuo Yu by way of issuing shares. At the same time, the company plans to acquire another 500.47 billion yuan in cash. 51% equity. After the transaction is completed, the listed company will hold 100% equity of Kai Shi Tong.

At the media briefing, Wanye Enterprise gave a detailed introduction to the situation of Kai Shitong. In 2009, Kai Shitong was founded by Chen Yi and many other ion implanter experts. After years of development, it has become a leading company in the field of ion implanters in China. , has more than 80 patents. At present, the company's integrated circuit ion implanter products have been developed and formed into products, the product line type is 12 inches, 4 to 6 inches, and has been recognized by overseas manufacturers.

Ding Huiwen, general manager of Shanghai Microtechnical Research Institute, believes that IGBT (insulated gate bipolar transistor) and heterogeneous integrated XOI have great development space in new energy vehicles, rail transit and other fields, while high energy and high concentration ions Injection equipment is the key equipment for the production of the above products. Kai Shitong's ion implantation technology is very advanced and will have a positive impact on the development of the industry.

At the meeting, Chen Hao revealed the latest achievements of the integrated circuit ion implanter project. With the accumulation of technology in the photovoltaic ion implanter, the integrated circuit ion implanter of the company has completed all the designs and ordered 60% of the components. Try to complete the assembly and performance test before the end of October, and strive to achieve installation at the end of this year or early next year.

According to the data, Keystone's revenue and profit indicators have been improved. According to the disclosure, Keystone achieved revenue of 42.9 million yuan in the first half of 2018, an increase of 546.77% over the same period of last year; net profit after deducting non-recurring gains and losses 641 Ten thousand yuan, while the data for the same period last year was negative.

啃 The hardest bones, a career with feelings

Over the years, Wanye has long been regarded as a 'low-key second-tier housing company', and its main business is relatively stable. So, why is the company now obsessed with turning to the integrated circuit industry – the most difficult bone in the manufacturing industry? What?

Zhu Xudong mentioned 'sentimentality' when replying to questions. 'We hope to make this happen and contribute to the development of China's integrated circuit industry.'

According to Zhu Xi, deputy head of the 02-item overall expert group, the import volume of integrated circuits in China has exceeded that of crude oil, mainly because the self-sufficiency rate is less than 20%. 'I hope that in the next 15 to 20 years , to achieve integrated circuit self-sufficiency rate of 50%. '

One of the key nodes in the integrated circuit ion implantation machine is the one of the four key equipments in the manufacturing of integrated circuits. At present, the domestic market is basically dependent on imports, and the demand in the future will increase rapidly. The acquisition is also in line with the strategic plan of the major shareholder Pu Ke Investment for the Wanye enterprise. Zhu Xudong and other Puke investment core teams hope to promote the IC industry to develop better and faster.

Everything is ready, the east wind is rising

The 'hard bones' of the integrated circuit, why can Wanye Enterprise 'squat down'?

'Without diamonds, no porcelain, we are confident to do a good job in integrated circuit equipment manufacturing.' Zhu Xudong responded to media questions and said that Wanye will focus on integrated circuit equipment and materials as a key development industry. At the same time, give full play to the advantages of the capital platform, expand the field of integrated circuit industry, accelerate the layout of strategic emerging industries, enhance the core competitiveness of the company, enhance the profitability of listed companies, and achieve sustainable development of the company.

Although not known to the outside world, Pu Ke Investment has been deeply involved in the field of integrated circuits for many years. In 2013, it initiated the acquisition of Spreadtrum, RADICO, but did not make it; after the mixed reform in 2014, Pu Ke Investment reported frequently, and successively acquired Picking up a group of leading companies in the industry, such as advanced technology, advanced semiconductors, showing a deep understanding and grasp of the integrated circuit industry.

Pu Ke Investment's series of actions have also been recognized by the National Fund. On July 17, Wanye Enterprise announced that the current two shareholders, Sanlin Wanye, intends to transfer the 7% stake in the company to the National Fund. After the transaction is completed, the country The big fund will be together with Pu Ke Investment as the third largest shareholder to jointly promote the transformation and layout of Wanye enterprises into the integrated circuit industry.

Wanye Enterprise has started to cooperate with the National Fund. Prior to this, another important partner of the Shanghai IC Equipment Materials Investment Fund, which was invested by Wanye Enterprise for RMB 1 billion, was the National Fund. The three shareholders of the industry, the cooperation between the two sides will be more in-depth.

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