Will Jinan Spring Core with a total investment of 59.8 billion yuan be "unfinished"?

Recently, it is rumored in the industry that the semiconductor project "Jinan Quanxin" with an investment scale of 59.8 billion yuan has been bad. Gold Security Letter is the same as the trader behind Wuhan Hong Xin.

The report quoted Quanxin employees as saying that "the company is in a difficult situation and stopped paying wages in April, forcing employees to leave" and the project has also stopped. The report also quoted the contractors of other surrounding projects as saying that "it is very rare for this project to change the general contractor many times during the construction period, and obviously there is a great risk for a long time".

According to the data, the total investment of Quanxin Jinan Project is as high as 59.8 billion yuan, and it is planned to build a wafer production line with 12 inch 12nm/7nm process nodes. The project started quietly in the first quarter of 20 19. The plot is located in Jinan Airport Economic Zone, with a land area of 39 hectares. The total investment of this project is 59 billion yuan, which will be built in two phases. In the first phase, 23 billion yuan will be invested to build a 12 inch 12nm production line with a monthly production capacity of 7,000 pieces. The second phase invested 26 billion yuan to expand the monthly production capacity of 23,000 pieces 12 nm logic chips; The investment in the third phase is 65.438+0 billion yuan, increasing the 7nm production capacity of 654.38+00,000 tablets.

In terms of ownership structure, public information shows that the four major shareholders are Jinan Jixin Industrial Development Investment Partnership (Limited Partnership), Yixin Integrated Technology (Zhuhai) Co., Ltd., Jinan Hi-Tech Holding Group Co., Ltd. and Jinan Industrial Development Investment Fund Partnership (Limited Partnership), all of which belong to Jinan SASAC.

According to the EIA report of this project, Quanxin boasted that Haikou would build a 12nm factory with an annual output of 480,000 wafers and 2,400 masks. With the assistance of Jinan government, the factory started construction in the first quarter of 20 19. However, the shutdown of the project, the plan of layoffs, and the fact that a large number of equipment have been ordered and the deposit is about 654.38+07 billion yuan have become a hot potato for the Jinan government.

The report quoted people familiar with the matter as saying that 654.38+0.7 billion yuan of equipment included three mask aligner in ASML. At present, all the ordered equipment has not been delivered. If Quanxin fails to pay the final payment and breaches the contract, the equipment supplier will deduct about 17% of the liquidated damages from the deposit.

It is particularly noteworthy that Cao Shan, the controlling shareholder behind CreditEase Integration, which holds about 4 1. 18% of Jinan Quanxin, was once the behind-the-scenes controller of Wuhan Hong Xin. According to the data, the controlling shareholder of Wuhan Hong Xin was once the blueprint of Jingguang. Cao Shan was the major shareholder and legal representative of Liang Guanglantu. However, Cao Shan withdrew from Jingliang Guanglantu on June 20 19 and no longer served as the legal representative and executive director.

According to Wang Jiwei, "Cao Shan" is actually the pseudonym of Bao Enbao, the chairman of Anhui Dianchuang Electronics. In order to form Hong Xin and a brand-new core team, Bao Baobao frequently travels between the mainland and Taiwan Province.

In an interview with Jiwei.com, he stressed, "Because there are a large number of Taiwan Province people in the core team, it is not convenient to handle industrial and commercial registration during the period of the non-competition agreement. Only through the labor contract, after the normal operation of the enterprise and the profit, the Taiwan Province backbone whose non-competition agreement expires will be allocated equity."

Among the more than 400 employees of Jinan Quanxin, 180 are Taiwan Province engineers, and their average monthly salary ranges from 50,000 yuan to 654.38+10,000 yuan.

Bao Enbao said that he left Hong Xin in June, 2065438+2008+0 1, and took some core personnel to Jinan to participate in the establishment of Chunxin. As for the suspension of wages, it is emphasized that the capital chain is not broken, and there are still 600 million to 700 million yuan deposits in the account.

However, according to industrial and commercial data, although the registered capital of Jinan Quanxin is as high as 5.95 billion yuan, the paid-in capital was only 565.438+0 billion yuan at first, and then it began to be supplemented to 3.237 billion yuan. According to previous reports, this part of the funds was funded by two subsidiaries of Jinan State-owned Assets Supervision and Administration Commission, and Yi Xin Integration, alias "Cao Shan", controlled by Bao Enbao, did not leave a cent. This is exactly the same as the trading method of Wuhan Hong Xin at that time.