It is reported that Ziguang Zhanrui will receive a capital injection of 2.25 billion in the second phase of the big fund

On March 17, it was reported that the investment committee of the big fund had passed the investment resolution for Ziguang Zhanrui. The second phase of the big fund planned to invest 2.25 billion yuan. In addition, it was also reported that the Shanghai State-owned Assets Supervision and Administration Commission would also conduct an investment in Ziguang Zhanrui. Injection. In this regard, Lu Jun, president of Huaxin Investment, a large national fund manager, said that “public information shall prevail.”

If the news is true, this is the first foreign investment and amount of the second phase of the big fund so far. Although there have been rumors that the big fund will invest in Changjiang Storage, it is only a plan.

It is reported that Ziguang Zhanrui’s current valuation is as high as 63 billion yuan, and the second phase of the big fund will inject 2.25 billion yuan, which will obtain about 3.57% of Zhanrui’s shares. Combined with the 17.142% equity of Zhanrui held by the big fund in the first period, then on the whole, the first and second phase of the national large fund will control 20.712% of the equity of Zhanrui.

It is understood that Ziguang Zhanrui is not only the second largest domestic chip designer after Huawei HiSilicon, but also the second largest baseband chip manufacturer in the global open market. In the current key 5G field, Zhanrui is also one of only five manufacturers in the world that can provide 5G chips. In addition to the mobile phone market, in the field of Internet of Things, Zhanrui also has a rich product line, and also has a large market share in the domestic market.

As an important chip platform under the Unigroup, the second phase of the National Fund is expected to be an important financing before Unigroup Zhanrui officially declares to be listed on the Science and Technology Innovation Board.

  lasted nearly half a year

On October 17 last year, the website of Beijing Equity Exchange showed that Beijing Ziguang Zhanrui Technology Co., Ltd. planned to increase its capital by no more than 5 billion yuan, and the corresponding shareholding ratio or number of shares did not exceed 9.09%. The funds raised by the capital increase will be used for 5G, physical Research and development of core technologies and products such as networking.

On March 17, according to the industry media Voice, the investment committee of the big fund has passed the investment resolution for Ziguang Zhanrui, and plans to invest about 2.25 billion yuan. In addition, it is reported that Shanghai state-owned assets may also inject capital into Ziguang Zhanrui.

Ziguang Zhanrui’s financing requirements for this round are not low. For example, the subscription amount of a single intended investor of the project shall not be less than 1 billion yuan. If the intended investor is a joint investment entity, the joint investment entity shall be regarded as a single intended investor, and the number of members of each joint investment entity shall not exceed 3; the financing party shall not make any performance commitment; Contractual private equity funds, trust plans, and asset management plans participate in the investment.

As of press time, Ziguang Zhanrui has not yet announced information on equity changes. Tianyancha shows that the shareholding structure of Ziguang Zhanrui is still dominated by the Ziguang department. The major shareholder is Beijing Ziguang Zhanrui Investment Management Co., Ltd., holding 57.14% of the shares, followed by Tibet Ziguang New Microelectronics Investment Co., Ltd., holding 16.81% of the shares. The third largest shareholder Intel holds 14.29% of the shares. In addition, A-share Zhongguancun also holds 1.68% of Ziguang Zhanrui.

  Prepare for the Science and Technology Innovation Board

Ziguang Zhanrui, as an important subsidiary of Ziguang Group’s Electronic components manufacturing and sales sector, is currently a domestic head chip design enterprise. Creation board.

According to the reporter of e company, Ziguang Zhanrui will become the first listed company of Ziguang Department to land on the Science and Technology Innovation Board. Ziguang Zhanrui also introduced to reporters that listing on the Science and Technology Innovation Board will help the company’s operation management to be more transparent and standardized, thereby activating the development potential of Ziguang Zhanrui, better responding to market and customer needs, and improving product quality. , to enhance the market’s confidence in the company, and provide assistance for the leap-forward development of UNISOC in the future.

Ziguang Zhanrui is engaged in the innovative R&D and design of core chips in the field of mobile communication and the Internet of Things. It has launched two brands of “Hu Ben” and “Chunteng”. Its products comprehensively cover 2G/3G/4G/5G mobile communication technology and IOT and other wireless connections. One of the leading companies in technology. In terms of 5G communication technology, Ziguang Zhanrui has launched the first generation of 5G baseband chip – Ivy 510 in February 2019, entering the world’s first echelon, and will support the commercial launch of the first batch of 5G terminals; and on February 26 Unigroup Zhanrui officially released the second-generation 5G SoC mobile platform Tiger Ben T7520.

Industry insiders in the electronics industry told reporters that from the perspective of the release of new products of Ziguang Zhanrui, the company is deeply cultivating in the field of Internet of Things.

In terms of governance structure, Ziguang Zhanrui has also adjusted its net profit margin, and its business structure is divided into consumer electronics business management department, industrial electronics business management department, and pan-connection business management department. Chu Qing, the company’s CEO, introduced to the media at the end of 2019 that all three business divisions have achieved growth in the past year, ending more than 40 consecutive months of decline. Among them, the sales of the Industrial Electronics Division in the first year of its establishment exceeded one year. billion US dollars; the proportion of smartphone operating income has achieved a breakthrough and further increase; the company’s gross profit margin has also been improved.

The financial report shows that in 2018, the company achieved revenue of 7.303 billion yuan, net profit of 255 million yuan, and total assets of 38.449 billion yuan, of which owner’s equity was 21.783 billion yuan.

  Big Fund New Trends

The reporter of e company noticed that the big fund has already participated in Unisplendour Zhanrui investment. By holding 30% equity of Zhanrui investment, it has indirectly held shares in Unisplendour Zhanrui; Since the change in May of this year, he has served as the director of Ziguang Zhanrui.

Judging from the recent trends, the big fund manager Huaxin Investment also said a few days ago that the second phase of the big fund will start real investment at the end of March.

According to the data, the second phase of the big fund was registered and established on October 22, 2019, and the registered capital was increased to 204.15 billion yuan. The market generally expects that the second phase of the big fund will focus on the leading stocks in the beneficiary industry, focusing on chip manufacturing and all aspects of the industrial chain such as equipment materials, chip design, packaging and testing, and supporting key leading enterprises in the industry to become bigger and stronger. The second phase mainly focuses on the layout of etching machines, thin film equipment, testing equipment, cleaning equipment and other fields.

On February 24, Xingsen Technology disclosed that the joint venture company “Guangzhou Xingke semiconductor Co., Ltd.” completed the industrial and commercial registration procedures, and its business scope includes the design of integrated circuit packaging products, the design of similar carrier boards, and the design of high-density interconnect laminates. Among them, the investors include large funds.

On the other hand, strengthening the connection with local funds has also become a feature of the second phase of the big fund. According to this rumor, Ziguang Zhanrui will also receive capital injection from Shanghai state-owned assets.

According to the exclusive information of e company, Guangzhou invested 5 billion yuan to participate in the second phase of the national integrated circuit industry fund, so it is not considered to set up a municipal integrated circuit industry fund for the time being. In the next step, Guangzhou will actively coordinate the reinvestment of major national funds into Guangzhou integrated circuit core enterprises according to the industrial development and the needs of enterprises.

Previously, the “Several Measures for Guangzhou to Accelerate the Development of the Integrated Circuit Industry” was issued. In 2019, the direction of chip product tape-out has been included in the scope of Guangzhou’s financial support for promoting the high-quality development of the industrial and information industries. Since February this year, Guangzhou is conducting a survey of integrated circuit companies to promote industrial development.

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