兴业证券股份有限公司关于江苏综艺股份有限公司本次重组 符合《上市公司监管指引第 9 号——上市公司筹划和实施重大 资产重组的监管要求》第四条规定的核查意见 江苏综艺股份有限公司（以下简称"公司"或"上市公司"）本次拟通过增 资方式取得江苏吉莱微电子股份有限公司（以下简称"标的公司"）4,323.3494 万股股份，同时公司与标的公司股东李大威签订表决权委托协议，由李大威将 其直接持有的标的公司 828.7109 万股股份对应的表决权全部委托给公司。交易 完成后，公司合计控制标的公司表决权比例超过 50%，标的公司将成为公司控 股子公司（以下简称"本次交易"）。根据《上市公司重大资产重组管理办法》 相关规定，本次交易构成重大资产重组。 证监会关于上市公司独立性的相关规定。本次交易有利于提高公司资产的完整 性，有利于公司在人员、采购、生产、销售、知识产权方面保持独立； 4、本次交易有利于公司改善财务状况、增强持续盈利能力，有利于公司突 出主业、增强抗风险能力；本次交易不会影响公司独立性；公司控股股东、实 际控制人已作出相关承诺，承诺将减少关联交易、避免同业竞争。 经核查，本独立财务顾问认为，本次交易符合《上市公司 ...

证券代码：600770 证券简称：综艺股份 公告编号：2025-039 （二）内部决策程序 公司于2025年6月6日召开的第十一届董事会第十八次会议、2025年6月27日召开的2024年年度股东大 会，分别审议通过了关于为控股企业提供担保额度的议案。具体内容详见公司于2025年6月7日、2025年 6月28日披露的相关公告。 本次担保系在股东会批准的年度担保额度范围内,无需再提交董事会、股东会审议。 二、被担保人基本情况 （一）基本情况 ■ 江苏综艺股份有限公司关于为控股企业提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 2025年8月5日，江苏综艺股份有限公司（以下简称"公司"）与江苏张家港农村商业银行股份有限公司崇 川支行（以下简称"张家港农商行"）签署《最高额保证担保合同》，为控股企业江苏新聚环保科技有限 公司（系公司全资子公司江苏综艺光伏有限公司的控股子公司）向张家港农商行申请的综合授信业务提 供最高额不超过人民币700万元的连带责任保证担保，保证期间为债务履行期限届满之日起三年。江 ...

证券代码：600770 证券简称：综艺股份 公告编号：2025-039 江苏综艺股份有限公司 关于为控股企业提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 被担保人名称 | | 江苏新聚环保科技有限公司（以下简称"江苏新聚"） | | --- | --- | --- | | 本次担保金额 | | 700.00 万元 | | 担保对象 | 实际为其提供的担保余 额 | 1,130.00 万元（含本次担保 700 万元；其余 430 万元 系江苏新聚全资子公司安徽新聚碳纤维有限公司等 为其提供的担保，发生于本公司投资并购江苏新聚之 | | 是否在前期预计额度内 | | 前） 是 □否 □不适用：_________ | | 本次担保是否有反担保 | | 是 □否 □不适用：_________ | 担保对象及基本情况 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股子公 | 20,111（含本次担保） | | 司对外担 ...

Group 1 - A total of 174 stocks in the Shanghai and Shenzhen markets have received net buying from main funds for 5 consecutive days or more as of July 31 [1] - The stock with the highest number of consecutive net buying days is Juhe Materials, which has seen net buying for 13 trading days [1] - Other notable stocks with significant consecutive net buying days include Dongfang Cable, Hetai Electromechanical, Zhongzhi Co., Xiangyi Rongtong, Weili, Zongyi Co., Yindu Co., and Changyuan Electric, with 11, 11, 10, 10, 10, 10, 10, and 9 trading days of net buying respectively [1]

Group 1 - As of July 30, a total of 118 stocks in the Shanghai and Shenzhen markets have experienced net buying by main funds for 5 consecutive days or more [1] - The stock with the longest consecutive net buying days is Juhe Materials, which has seen net buying for 13 trading days [1] - Other notable stocks with significant net buying days include Hetai Electromechanical, Dongfang Cable, Shenchi Electromechanical, Weili, Zongyi Shares, Xiangyi Rongtong, Zhongzhi Shares, Shanghai Yanpu, Yindu Shares, and Changyuan Electric Power, with 10, 10, 10, 9, 9, 9, 9, 9, 9, and 8 trading days of net buying respectively [1]

Group 1 - The core transaction involves a control deal valued at 220 million yuan for a 45.28% stake in Jilaiwei, a company specializing in power semiconductor chips, which has a market share of only 5.09% in the thyristor sector [1][2] - Jilaiwei's projected revenue for 2024 is 256 million yuan with a net profit of 16 million yuan, significantly smaller than its competitor JieJie Microelectronics, and far behind Yangjie Technology's 6 billion yuan revenue [1][2] - The company has experienced a drastic revenue decline in the photovoltaic application sector, with a 60% drop, and a 10% decrease in medical equipment revenue, indicating weak risk resilience [1] Group 2 - The valuation of Jilaiwei appears inflated, with a premium exceeding 122% as the company's net assets are only 198 million yuan for 2024 [2] - A suspicious share buyback was initiated just before the investment, with plans to repurchase 21.01% of shares from six institutional shareholders, raising concerns about potential arbitrage opportunities [2] - The claimed "synergy" between the existing low-margin businesses of Zongyi Co. and Jilaiwei's power semiconductor technology lacks concrete plans for technical integration or customer resource sharing, suggesting a lack of substance in the transaction [2]

Core Viewpoint - Jiangsu Zongyi Co., Ltd. is responding to the Shanghai Stock Exchange's inquiry regarding its major asset acquisition plan, emphasizing the need for further verification of the target company's performance commitments and financial data, which are currently unaudited [1]. Group 1: Company Overview - Jiangsu Zongyi Co., Ltd. is engaged in the research, production, and sales of power semiconductor chips and devices, primarily operating under an IDM model with supplementary Fabless operations [2][3]. - The target company specializes in power semiconductor chips, which are essential for energy conversion and circuit control in electronic devices [2][3]. Group 2: Industry Context - The power semiconductor market in China was approximately 151.94 billion yuan in 2023, with a projected market size of 80.09 billion yuan in 2024 [3]. - The market structure for power semiconductors includes MOSFETs, diodes, and IGBTs, which account for 16.4%, 14.8%, and other categories respectively [3][4]. Group 3: Competitive Landscape - The target company holds a market share of approximately 5.09% in the domestic thyristor market, indicating a significant presence among competitors [10]. - Major competitors in the thyristor segment include Jiangsu JieJie Microelectronics Co., Ltd., Zhuzhou CRRC Times Electric Co., Ltd., and Hubei Taiji Semiconductor Co., Ltd., with JieJie Microelectronics leading with a market share of about 37% [7][10]. Group 4: Financial Performance and Projections - The target company has set performance commitments for the years 2025 to 2028, with net profit targets of 26 million yuan, 33 million yuan, 41 million yuan, and 50 million yuan respectively, totaling no less than 150 million yuan [21]. - The projected growth rates for these commitments compared to the 2024 net profit are 66.67%, 111.54%, 162.82%, and 220.51% respectively [21]. Group 5: Strategic Alignment - The acquisition aligns with the company's core business in integrated circuits, enhancing its manufacturing capabilities in power semiconductors, which is crucial for the integrated circuit industry [18][19]. - The integration of the target company's manufacturing capabilities with the company's design strengths is expected to improve product quality and cost control, providing a competitive edge in the market [18][19].

Group 1 - The company has revised its major asset acquisition plan in response to an inquiry from the Shanghai Stock Exchange, ensuring the content's authenticity and completeness [1][2] - The revised plan emphasizes the synergy between the acquisition and the company's main business, which is expected to enhance the quality of the company's assets [1] - Additional disclosures include the basic situation of the industry in which the target company operates, its competitive advantages, and its operational disadvantages compared to peers [2] Group 2 - The company has provided quarterly revenue data for the target company, analyzing its performance trends for the year 2025 and outlining business expansion measures and integration plans [2] - The methodology and basis for determining the acquisition price have been supplemented, including the valuation process and expected repurchase price for institutional shareholders [2] - The company has made changes to its governance structure, including the election of a new board and the cancellation of the supervisory board, which have been reflected in the revised plan [2][4]

股票代码：600770 股票简称：综艺股份 上市地点：上海证券交易所 江苏综艺股份有限公司 重大资产购买预案（修订稿） 请全体股东及其他公众投资者认真阅读有关本次交易的全部信息披露文件， 做出谨慎的投资决策。上市公司将根据本次交易进展情况，及时披露相关信息， 提请股东及其他投资者注意。 投资者在评价本次交易事项时，除本预案内容以及同时披露的相关文件外， 还应认真考虑本预案披露的各项风险因素。投资者若对本预案存在任何疑问， 应咨询自己的股票经纪人、律师、专业会计师或其他专业顾问。 | 相关事项 | 交易对方名称 | | --- | --- | | 支付现金购买资产 | 江苏吉莱微电子股份有限公司 | 二零二五年七月 江苏综艺股份有限公司 重大资产购买预案 上市公司声明 本公司及全体董事、高级管理人员保证本预案及其摘要内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并对本次交易报告书及其摘 要内容的真实性、准确性和完整性承担个别和连带的法律责任。 截至本预案签署之日，本次交易所涉及的相关审计、评估工作尚未完成， 本预案及其摘要中涉及的标的公司相关数据尚未经过会计师事务所的审计、评 估机构的评估。本 ...

| 章节 | | 标题 | 修订内容 | | --- | --- | --- | --- | | 第一节 | 上市公 | 八、本次交易与上市 公司主业的协同性， | 补充披露上市公司的主业经营情况、发展战略，说 | | | | | 明本次交易与上市公司主业具有协同性，有助于提 | | 司基本情况 | | 是否有助于提高上市 | | | | | 公司资产质量 | 高上市公司资产质量。 一、在"（三）标的公司所处细分行业的基本情况"、 | | | | | "（四）同行业可比公司情况"、"（五）标的公司的 竞争优势"及"（六）标的公司存在的不足或经营 | | | | | 劣势"中补充披露标的公司所处细分行业的基本情 | | | | | 况，结合同行业可比公司情况，分析说明标的公司 | | 第四节 | 交易标 | 三、标的公司主营业 | 所处的行业地位和相较于主要竞争对手的经营优 | | 的基本情况 | | 务情况 | 劣势； | | | | | 二、在"（七）标的公司的主要财务指标"补充披 | | | | | 露标的公司报告期分季度收入数据，结合同行业情 | | | | | 况分析标的公司 年全年经营业绩趋势、业务 ...