HHCK(688535)2024-12-27 07:32Group 1: Company Overview - The company specializes in the research and industrialization of semiconductor chip packaging materials, particularly epoxy molding compounds and electronic adhesives [2] - It has developed into one of the largest manufacturers of epoxy molding compounds in China, with a complete R&D and production system and full independent intellectual property rights [2] Group 2: Acquisition Details - The acquired company, Hengsuo Huawai, has over 40 years of experience in the semiconductor packaging materials sector and is the first domestic manufacturer to mass-produce epoxy molding compounds [2][3] - Hengsuo Huawai has integrated technologies from Germany and South Korea and has established a well-known brand "Hysol," accumulating a significant global semiconductor client base [2][3] Group 3: Market Outlook - Epoxy molding compounds are critical materials in the semiconductor industry, with applications across consumer electronics, automotive electronics, new energy, 5G communications, industrial applications, and the Internet of Things [2] - The market for epoxy molding compounds is expected to grow significantly, driven by increasing demand in emerging sectors and the need for domestic semiconductor supply chain security [5] Group 4: Strategic Significance of the Acquisition - Post-acquisition, the company anticipates a breakthrough in annual production and sales volume in the epoxy molding compound sector [3] - The integration of R&D advantages from both companies is expected to accelerate the development and mass production of advanced packaging materials, addressing the current supply chain bottlenecks and promoting domestic alternatives [3] Group 5: Customer Base and Market Expansion - Hengsuo Huawai has established relationships with major domestic testing and packaging factories, including Changdian Technology and Tongfu Microelectronics, as well as international clients like ON Semiconductor and Infineon [3][5] - The acquisition will enhance the company's international presence and expand its share in overseas premium markets [6]