**1. Trump’s First Batch After Taking Office! Northern Huachuang and Akrion Complete Asset Transfer**
On January 18, North Huachuang announced the completion of its asset acquisition from Akrion Systems LLC, a U.S.-based company. The deal was finalized on January 16, when the company and Akrion signed the asset transfer documents under the terms of the Asset Purchase Agreement. NAURA Akrion Inc., a wholly-owned subsidiary of North Huachuang in the U.S., officially took over all of Akrion's cleaning-related assets. This transaction marks a rare case where the U.S. government approved a Chinese company’s acquisition after the Trump administration took office. According to Fang Xue, a partner at Gibson Dunn & Crutcher LLP, this is believed to be the first such approval since Trump came into power.
The acquisition was first approved by North Huachuang’s Board of Directors in August 2017, with plans to establish a U.S. subsidiary to manage the assets. Following board approvals and reviews by the U.S. Committee on Foreign Investment (CFIUS), the deal moved forward. On January 11, 2018, NAURA Akrion Inc. was established with $15 million in capital. On January 16, Zhao Jinrong of North Huachuang and Michael Ioannou of Akrion signed the final asset transfer documents at Akrion’s headquarters. From that date, the rights and obligations of the assets were transferred to North Huachuang.
Akrion specializes in semiconductor wafer cleaning equipment in Pennsylvania, USA. Its products are used in integrated circuit manufacturing, silicon wafer production, MEMS, and advanced packaging. With over a thousand units in operation, Akrion has built a strong technological foundation and market presence. North Huachuang, a platform for semiconductor equipment development, has been working on single-chip cleaning machines for years. The acquisition of Akrion significantly enhances North Huachuang’s product line, expanding its coverage in both single-chip and batch cleaning. This move strengthens its competitive edge in the global market, allowing it to provide more comprehensive solutions to customers worldwide.
**2. Shengbang’s 2017 Net Profit Rose by 18%, with Products Applied in AI Fields**
On January 18, Shengbang released its 2017 annual profit forecast, expecting net income between 88.762 million and 95.217 million yuan, an increase of 10% to 18%. The company attributed the growth to increased sales and expanded business operations in 2017.
In 2017, Shengbang accelerated its R&D in analog chips for artificial intelligence applications, including intelligent speech recognition, voice interaction, sensor measurement, ultrasonic ranging, and infrared obstacle avoidance. The company remains optimistic about AI’s future and continues to invest in new product development.
Shengbang has long focused on analog chip design and sales, offering high-performance products in signal chain and power management. With over a thousand models available, its chips are used in communication, consumer electronics, industrial control, medical devices, and automotive systems, serving nearly 2,000 end customers. As demand for smart devices grows, Shengbang is developing new chips with low power consumption, small size, and high reliability. Its products meet strict anti-interference and stability standards, achieving top-tier performance in the industry.
**3. Jucan Optoelectronics Expects 2017 Net Profit to Reach RMB 118 Million, Up 94.69% YoY**
On the evening of January 18, Jucan Optoelectronics released its 2017 performance forecast, estimating net profit between 100 million and 118 million yuan, up 64.99% to 94.69% compared to the previous year. The company cited strong LED demand and reduced non-recurring losses as key factors.
Jucan Optoelectronics entered the GEM in October 2017. From 2014 to 2016, its revenue grew from 296 million to 480 million yuan, while net profit rose from 57 million to 61 million yuan. In 2017, its net profit margin surged by 94.69%, showing strong performance. The company focuses on LED epitaxial wafers and chips, providing energy management services around LED lighting.
**4. Mingwei Electronics Re-Files IPO: Sponsor Change After Previous Withdrawal Due to Poor Performance**
On January 18, Shenzhen Mingwei Electronics Co., Ltd. submitted its IPO prospectus to the China Securities Regulatory Commission, planning to issue no more than 154,933,334 shares on the GEM, representing at least 25% of total shares. The sponsor is China Merchants Securities.
Mingwei Electronics specializes in IC design, focusing on driver chips for LED displays, lighting, and power supplies. As of June 2017, the company held 189 exclusive IC layout design rights. It aims to raise 457 million yuan through the IPO for new LED driver chip and packaging projects.
Financial performance shows mixed results, with operating income rising but gross margins fluctuating. The company also warned of inventory risks, as inventories accounted for over 25% of total assets.
This is not the first time Mingwei Electronics has attempted an IPO. In 2011, it applied for listing but withdrew due to poor financial performance and market conditions. Now, with improved strategies, the company is seeking a second chance to enter the capital market.
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