(责任编辑：田云绯) 思科瑞首次公开发行股票的发行费用总额为13,574.34万元（发行费用均为不含税金额），其中，中 国银河证券股份有限公司获得承销及保荐费用10,760.38万元。 思科瑞2025年9月20日发布关于实施其他风险警示暨停牌的公告。因思科瑞于2025年9月19日收到中 国证监会四川监管局下发的《行政处罚事先告知书》（川证监处罚字【2025】6号）。依据《事先告知 书》载明的内容，根据《上海证券交易所科创板股票上市规则（2025年4月修订)》相关规定，公司股票 将被实施其他风险警示。A股股票简称由"思科瑞"变更为"ST思科瑞"；扩位简称由"思科瑞微电子"变更 为"ST思科瑞微电子"；实施风险警示的起始日：2025年9月23日。 中国经济网北京1月14日讯 ST思科瑞(688053.SH)今日收报48.68元，跌幅4.70%，总市值48.68亿 元。目前该股处于破发状态。 思科瑞于2022年7月8日在上交所科创板上市，公开发行的股票数量为2500.00万股，发行价格为 55.53元/股，保荐人（主承销商）为中国银河证券股份有限公司，保荐代表人为陈召军、姚召五。 思科瑞首次公开发行股票募集资金总额 ...

Core Viewpoint - The stock price of Chengdu Sicore Microelectronics Co., Ltd. has increased by 39.69% since January 7, 2026, despite no significant changes in the company's fundamentals, indicating potential market overreaction and speculative trading risks [2][6]. Group 1: Company Performance - The company's revenue for 2024 is expected to decrease by 28.40% year-on-year, while the net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to decline by 161.25% [2][6]. - For the first nine months of 2025, the net profit attributable to shareholders, excluding non-recurring gains and losses, was -2.0677 million yuan, with a gross margin of 40.23% and a net profit margin of 0.56%, indicating limited profitability [2][6]. Group 2: Stock Trading and Market Sentiment - The company has noted a "hot potato" effect in its stock trading, suggesting high trading risks and the potential for a rapid price decline due to disconnection from fundamental values [2][6]. - The company has confirmed that there are no undisclosed significant matters affecting stock trading volatility, and all relevant information has been disclosed [3][4][5]. Group 3: Ongoing Projects - The company is currently investing in the "Sicore Testing and Reliability Wenchang Engineering Center Project" through its subsidiary, which is still under construction and has not yet generated related revenue [6].

Core Viewpoint - Chengdu Sicor Microelectronics Co., Ltd. (hereinafter referred to as "the company" or "Sicor") has experienced a cumulative stock price increase of 39.69% since January 7, 2026, despite no significant changes in its fundamentals, indicating potential market overheating and irrational speculation risks [2][7]. Group 1: Stock Performance and Risks - The company's stock price has risen significantly, but the fundamentals remain unchanged, leading to concerns about market sentiment and the risk of a rapid price decline [2][7]. - The company reported a 28.40% year-on-year decrease in operating revenue for 2024, and a 161.25% year-on-year decrease in net profit attributable to shareholders after excluding non-recurring gains and losses [2][7]. - For the first nine months of 2025, the net profit attributable to shareholders after excluding non-recurring gains and losses was -2.0677 million yuan, with a gross margin of 40.23% and a net profit margin of 0.56%, indicating limited profitability [2][8]. Group 2: Operational Status and Major Events - The company confirmed that its production and operational activities are normal, with no significant changes in the market environment or industry policies [3]. - As of the announcement date, there are no undisclosed major events that could significantly impact the company's stock trading [4]. - The company has not identified any media reports or market rumors that could materially affect its stock price [5]. Group 3: Sensitive Information and Future Projects - The company's controlling shareholders and senior management have not engaged in buying or selling company stock during the period of abnormal stock price fluctuations [6]. - The company is currently investing in the "Sicor Testing and Reliability Wenchang Engineering Center Project" through its subsidiary, which is still under construction and has not yet generated related revenue [8].

一、公司关注并核实的相关情况 证券代码：688053 证券简称：ST 思科瑞 公告编号：2026-001 成都思科瑞微电子股份有限公司 关于股票交易的风险提示公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 针对公司股票异常波动，经公司自查，现就有关情况说明如下： 经核查，截至本公告披露日，公司控股股东及公司董事、高级管理人员在公 司本次股票交易异常波动期间不存在买卖公司股票的情况。公司不存在其他需核 实并披露的事项。 二、相关风险提示 （一）公司股票自2026年1月7日以来收盘价格累计上涨幅度为39.69%，但 公司基本面未发生重大变化，存在市场情绪过热、非理性炒作风险，公司股票 击鼓传花效应明显，交易风险极大，存在股价短期快速回落风险。公司股价已 脱离基本面，敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 （一）生产经营情况 经自查，公司目前生产经营活动一切正常，未发生重大变化，市场环境、行 业政策未发生重大调整。 （二）重大事项情况 成都思科瑞微电子股份有限公司（以下简称"公司"或"思科 ...

Core Viewpoint - The stock price of ST Cisco Rui has increased by 39.69% since January 7, 2026, despite unchanged fundamentals, indicating potential market overheating and irrational speculation risks, with a possibility of short-term price correction [1] Financial Performance - For the fiscal year 2024, the company's revenue decreased by 28.40% year-on-year, and the non-recurring net profit dropped by 161.25% [1] - From January to September 2025, the non-recurring net profit was -2.0677 million yuan, with a gross margin of 40.23% and a net profit margin of 0.56%, indicating limited profitability [1] Project Development - The "Cisco Rui Testing and Reliability Wenchang Engineering Center Project" is currently under construction and has not yet generated revenue [1]

每经AI快讯，1月12日，ST思科瑞发布异动公告，公司股票自2026年1月7日以来收盘价格累计上涨幅度 为39.69%，但公司基本面未发生重大变化，存在市场情绪过热、非理性炒作风险，公司股票击鼓传花 效应明显，交易风险极大，存在股价短期快速回落风险。公司通过控股子公司海南国星飞测科技有限公 司投资建设"思科瑞检测与可靠性文昌工程中心项目"目前处于建设阶段，未实现相关收入。 ...

Group 1 - The core viewpoint is that Wenchang Launch Center is expected to become a major commercial space launch base in China due to its advantages such as enhanced launch capacity, safety, maritime convenience, and free trade port policies [2] - The commercial space launch site in Hainan has entered a high-density and normalized launch phase, with the second phase of construction progressing [2] - The company is constructing a testing and reliability engineering center in Wenchang, which is expected to achieve initial testing capabilities by the end of 2026, providing localized full-chain testing services for rockets, satellites, and related products [2]

Group 1 - The military electronics sector increased by 1.43% on January 7, with Guankang Technology leading the gains [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] - Guankang Technology's stock price rose by 20.00% to 82.86, with a trading volume of 18,200 lots and a transaction value of 151 million [1] Group 2 - The military electronics sector experienced a net outflow of 5.765 billion from institutional investors, while retail investors saw a net inflow of 4.719 billion [2] - The top gainers in the military electronics sector included ST Sike Rui, which rose by 13.52% to 42.66, and Fuke Defense, which increased by 10.01% to 16.71 [1] - The trading volume and transaction values for various stocks in the sector showed significant activity, with Aerospace Development recording a transaction value of 17.949 billion [1][2] Group 3 - The net inflow from retail investors in Aerospace Development was 8.68 million, while institutional investors had a net outflow of 9.06 million [3] - The stock performance of various companies in the sector varied, with some experiencing significant declines, such as Huali Chuangtong, which fell by 7.04% to 28.27 [2] - The overall market sentiment in the military electronics sector appears mixed, with both gains and losses among different stocks [2][3]

Core Viewpoint - ST Sicor (688053.SH) has a strong backlog of military orders and is focusing on reliability testing and screening of military electronic components in the aerospace, aviation, and weaponry sectors [1] Group 1: Company Performance - The company has successfully added multiple important clients from military groups and well-known enterprises in the aerospace, aviation, and weaponry sectors since 2025 [1] - The structure of the company's order reserves is continuously optimizing, indicating a strategic focus on high-potential areas [1] Group 2: Future Strategy - The company plans to continue strengthening its technology research and development as well as market expansion efforts [1]

中国银河证券股份有限公司 关于成都思科瑞微电子股份有限公司 2025 年度持续督导工作现场检查报告 中国银河证券股份有限公司（以下简称"保荐机构"）作为成都思科瑞微电 子股份有限公司（以下简称"思科瑞"或"公司"）首次公开发行股票的保荐机 构，根据《证券发行上市保荐业务管理办法》（以下简称"《保荐办法》"）、 《上海证券交易所科创板股票上市规则》、《上海证券交易所上市公司自律监管 指引第 11 号——持续督导》等有关法律法规和规范性文件的要求，于 2025 年 12 月 22 日至 2025 年 12 月 23 日对思科瑞开展现场检查工作，现将本次现场检 查工作报告如下： 一、本次现场检查的基本情况 （一）保荐机构 中国银河证券股份有限公司 （二）保荐代表人 姚召五、李强 （三）现场检查时间 2025 年 12 月 22 日-23 日 （四）现场检查人员 姚召五、盖鑫、王哲宇 （五）现场检查内容 现场检查内容包括：公司治理和内部控制情况；信息披露情况；公司的独立 性以及与关联方资金往来情况；募集资金使用情况；关联交易、对外担保、重大 对外投资情况；经营状况等。 1 （六）现场检查手段 1、查看上市公司主要生产 ...