Our reporter Zhang Xiaoyu

　　On July 14, Ziguang Guowei announced that the administrator of Ziguang Group received the "Civil Ruling" on July 13, and the Beijing No. 1 Intermediate People's Court ruled to confirm the substantive merger and reorganization of seven companies including Ziguang Group Co., Ltd. The implementation of the reorganization plan was completed, and the reorganization procedures of seven companies including Ziguang Group Co., Ltd. were terminated.

　　Affected by the positive news, as of the close on July 14, Ziguang Guowei's share price rose 4.00% to close at 207.18 yuan per share.

　　Hu Qimu, chief researcher of Sinosteel Economic Research Institute, said in an interview with a reporter from "Securities Daily": "Ziguang Group has rich resources in the semiconductor industry. After this reorganization, Ziguang Group will be ready to go again. Relief, the operation of listed companies such as Ziguang Guowei, a subsidiary of Ziguang Group, is expected to reach a new level.”

　　Looking back on the reorganization of Ziguang Group, on November 16, 2020, the "17 Ziguang PPN005" bond failed to be paid, which constituted a substantial breach of contract, and the debt problem of Ziguang Group broke out; on July 16, 2021, the Beijing No. 1 Intermediate People's Court ruled to accept Tsinghua Unigroup reorganization case; on December 13, 2021, Tsinghua Unigroup determined that the consortium composed of Beijing Zhilu Assets and Beijing Jianguang Assets as the leading parties was the strategic investor for the substantive merger and reorganization of seven companies including Tsinghua Unigroup; January 2022 On March 17, the Beijing No. 1 Intermediate People's Court ruled to approve the reorganization plan of the substantive merger and reorganization of 7 companies including Ziguang Group.

　　On July 11 this year, Ziguang Guowei issued an announcement saying that Ziguang Group has completed the registration procedures for industrial and commercial changes, and its 100% equity has been registered under the name of Beijing Zhiguangxin Holdings Co., Ltd. (hereinafter referred to as "Zhiguangxin"). Chip has paid 54.9 billion yuan for the equity change investment to the account designated by the administrator of Ziguang Group, and changed to the indirect controlling shareholder of the listed company.

　　The CITIC Securities Research Report believes that with the completion of the group's equity delivery, the indirect shareholder of the company was changed to Zhiguangxin. Since Zhiguangxin has no controlling shareholder or actual controller, Ziguang Guowei changed to the state of no actual controller.

With the release of Tsinghua Unigroup's debt risks, the market's doubts about the company are expected to be relieved. After the new shareholders take over the company's controlling rights, the company's capital operation is also expected to be carried out in an orderly manner.

　　From the perspective of changes in the shareholding structure, before the change, the actual controller of Tsinghua Unigroup was the Ministry of Education of the People's Republic of China. After this change, the equity will be distributed by ten companies according to their subscribed capital contributions.

The shareholding structure shows that the largest shareholder of Zhiguangxin, who took over the equity, was Jianguang Guangming, holding 20.22%; Hebei United Electronics held 9.11%, and Chongqing Liangjiang Jianguang held 7.10%.

The remaining shareholders include Zhuhai Zhiguanghua, Zhitouhuiyi, and Zhiguangchang.

　　Ma Tianyi, an analyst at Minsheng Securities, said, "The decentralized ownership structure of Zhiguangxin is similar to that of international technology companies such as Microsoft and Apple, which will help Tsinghua Unigroup absorb more resources in its future development and maintain innovation and steady development at all times. "

　　On the occasion of the reorganization, at noon on July 13, Ziguang Group's official Weibo released a letter from Chairman Li Bin to all employees.

In the letter, Li Bin talked about several important matters that need to be promoted in the near future. First, to solve the current debt and capital problems; second, to seriously study the group's long-term development strategy, core technology and competitiveness; third, to pay attention to the investment in scientific and technological research and development. , vigorously invest in research and development, and make arrangements in core IP, design, technology, tool software, etc.; fourth, insist on encouraging enterprises to increase research and development efforts, cultivate talents, and stabilize talents.

　　According to the financial report of Ziguang Guowei, Ziguang Guowei will achieve operating income of 5.342 billion yuan in 2021, a year-on-year increase of 63.35%; net profit attributable to the parent of 1.954 billion yuan, a year-on-year increase of 142.28%.

In the first quarter of 2022, the company achieved a total operating income of 1.34 billion yuan, a year-on-year increase of 40.8%; a net profit attributable to the parent of 530 million yuan, a year-on-year increase of 63.9%.

　　Zhang Xiaorong, president of Deepin Science and Technology Research Institute, told the Securities Daily reporter that Tsinghua Unigroup will enter a stage of steady development.

"New Unisplendour" integrates industrial resources and focuses on the intelligent high-tech industrial chain with integrated circuits as the core. The operating performance of the group and its subordinate industrial companies is expected to reach a new high.

(Securities Daily)