Jinghe Integration (688249.SH) plans to increase the capital of Anhui Jingmei by 908 million yuan using subsidiary equity

Zhitong Finance App News, Jinghe Integration (688249.SH) announced that the company plans to jointly increase the capital of Anhui Jingmei with other investors at a price of 1.0758 yuan/registered capital. Among them, the company plans to use its wholly-owned subsidiary Hefei Jingwei Technology Co., Ltd. (hereinafter referred to as “Hefei Jingwei”) for a 100% share price of 908 million yuan and pledge the additional registered capital of 844 million yuan from Anhui Jingmei. After the capital increase is completed, the company's direct shareholding ratio in Anhui Jingmei will be changed from 16.6667% to 32.1599%.

The mask industry is a capital- and technology-intensive industry. Project construction, equipment purchase, and R&D investment all require significant financial support. This capital increase will effectively enhance the capital strength and capital reserves of Anhui Jingmei, provide strong support for its subsequent production capacity construction, technology research and development and market expansion, and help it accelerate the formation of large-scale production capacity.

At the same time, the mask business of Anhui Jingmei was split from Jingmei's original mask business, and its development positioning is highly collaborative with the company's main business. The trading company used equity investment to inject Hefei Crystal into Anhui Jingmei as its main asset (that is, machine equipment related to mask production, and outsourced intangible assets), which helps revitalize the company's stock assets, achieve centralized allocation and efficient use of mask production resources, further open up the collaborative chain between wafer manufacturing and mask support, and enhance the stability and autonomous controllability of the supply chain.

Furthermore, the transaction is conducive to improving the company's investment income and asset operation efficiency. By participating in the capital increase through equity funding, the company can invest assets with industrial synergy value in key links in the industrial chain without additional cash expenditure. It not only optimizes resource allocation, but is also expected to share the long-term returns brought about by the growth of the mask industry, which conforms to the overall interests of the company and all shareholders.