[Text / Gaogong LED Zhao Hui] As state-owned enterprises further deepen the pace of reform, state-owned capital has begun to frequently launch in many emerging industries, or to integrate its business, or mergers and acquisitions. The LED lighting industry is no exception.
After Guangdong Guozi’s Guangzhao successively took National Star Optoelectronics (002449.SZ) and Foshan Lighting (000541.SZ) into the bag, Beijing State-owned Assets Supervision and Administration Commission’s state-owned large-scale high-tech enterprise group, Beijing Electronics Holdings Co., Ltd. (below) Referred to as "Beijing Electronic Control"), it also launched the LED epitaxial chip equipment subsidiary North Microelectronics into the listed company Qixing Electronics.
On the evening of October 8, Qixing Electronics (002371.SZ) announced that it had received a notice from the company's actual controller, Beijing Electric Control, to plan a major event involving the company.
The major issue to be planned is the acquisition of Beijing Electronic Control and Beijing Qixing Huadian Technology Group Co., Ltd. by Beijing Star Electronics Co., Ltd. by Beijing Star Electronics Co., Ltd. (Beijing Microelectronics Base Equipment Technology Research Center Co., Ltd.) Electronic") equity.
If this major issue is implemented, Northern Microelectronics will undoubtedly achieve the curve listing.
According to the data, Qixing Electronics, which is the main body of the merger, and the northern microelectronics, which are the objects of the merger, belong to the same actual state-owned controller Beijing Electronic Control.
Beijing Electric Control is a state-owned large-scale high-tech enterprise group managed by the Beijing State-owned Assets Supervision and Administration Commission. It owns three listed companies, BOE (000725), Qixing Electronics and Electronic City (600658.SH), and 27 companies including North Microelectronics. Level enterprises and institutions.
Beijing Electric Control official website shows that its main industry is distributed in the national strategic and basic electronic information industry fields such as liquid crystal display, integrated circuit and photovoltaic equipment, radio and television transmission equipment, self-service equipment, special electronic components and precision instruments. It is used in many fields of national economy and people's livelihood such as electronic information, aerospace and so on. It has R&D bases in the United States, Europe and Taiwan, and nearly 200 overseas experts. It has a national engineering laboratory for TFT-LCD process technology and three post-doctoral workstations. The marketing and service system covers major regions of Europe, America, Asia and Africa. Large-scale industrial manufacturing bases in Beijing, Hebei, Yangtze River Delta, Hefei, Chengdu, Xiamen and Europe.
As one of the listed companies of Beijing Electronic Controls, Qixing Electronics is mainly engaged in the R&D, production, sales and technical service of basic electronic products. The main products are large-scale integrated circuit manufacturing equipment and electronic components. Lithium-ion power battery equipment is also a strategic reserve business of Seven Star Electronics.
According to financial report data, in the first half of 2015, Qixing Electronics achieved operating income of 318 million yuan, down 16.31% year-on-year, and realized net profit attributable to shareholders of listed companies of 2002.92 million yuan. Among them, IC manufacturing equipment products realized revenue of 101 million yuan, down 22.99% from the previous year. Revenue from electronic components products reached RMB 188 million during the reporting period, a decrease of 1.87% from the same period last year.
As a leading high-end semiconductor equipment manufacturer in China, North Microelectronics has developed core products such as etching equipment (ETCH), chemical vapor deposition equipment (CVD), and physical vapor deposition equipment (PVD), which have been widely used in integrated circuits and LED lighting. , MEMS, power semiconductors, advanced packaging, optical communications and compound semiconductors.
"In fact, we should say that we are 'listed', it is a decision of the major shareholder level." North microelectronics related sources said,
"We and Qixing Electronics are both subsidiaries of the same shareholder, and at the earliest time they were originally a family. They were separated a few years ago and are now back."
It is understood that the main products of Northern Microelectronics in the field of LED lighting are chip equipment, including iTops A230 aluminum nitride sputtering system, EPEE 550TM semiconductor lighting PECVD equipment (for protective layer in LED chip manufacturing, SWE mask layer, CBL) Process technology), Flexer G620/630 general-purpose metal physical vapor deposition system and iTops i230 LED indium tin oxide sputtering system.
According to the research of Gaogong LED, the products of Northern Microelectronics have been applied in domestic LED chip enterprises such as Sanan Optoelectronics, Huacan Optoelectronics and Dehao Runda.
However, at present, North Microelectronics is also facing continuous pressure to expand its business in the LED business.
"The renewal period of such equipment has been quite long, so it is necessary to develop new customers to achieve business growth. At present, the chip factory in the north can basically do the basics, and the domestic market space is already very small."
It is understood that North Microelectronics is also beginning to develop the international market, but the difficulties appear to be even greater. First of all, the performance of the equipment can be recognized by foreign chip sites. Secondly, foreign chip factories have not expanded much in recent years.
According to various sources, Northern Microelectronics has devoted more energy to the field of integrated circuit equipment for more than a year. This time, the seven-star electronic merger and acquisition also confirmed this. The main business of Qixing Electronics is integrated circuit manufacturing.
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The system adopts a high-efficiency rectifier, the peak efficiency of the rectifier is greater than 96.2%, and the power consumption of the rectifier sleep is as low as 4W or less.
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High efficiency rectifier
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