Recently, Beijing Smartchip Microelectronics, a subsidiary of State Grid specializing in chip technology, has listed a transfer of 15% equity in Chengdu Ruiyuan Semiconductor Technology Co., Ltd. on the Shanghai United Assets and Equity Exchange, setting a minimum transfer price of 134 million yuan. This price signifies a modest 26.8% increase from Smartchip Microelectronics' original shareholding cost in 2021, translating to an overall valuation of approximately 896 million yuan for Ruiyuan Technology. Notably, this valuation represents an 85% drop from the implied valuation of 6 billion yuan during Ruiyuan Technology's initial public offering (IPO) attempt, a dramatic shift that has garnered significant market attention.
