因经营管理和公司发展需要，上海概伦电子股份有限公司（以下简称"公 司"）于近日对主要办公地址进行了调整，自 2026 年 2 月 9 日起将在新的办公 地址办公，为更好地开展投资者关系管理工作，便于和广大投资者沟通和交流， 现将公司变更后的主要办公地址公告如下： | 变更事项 | 变更前 | | | | | | 变更后 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 地址 | | | | 邮编 | 地址 | | 邮编 | | 主要办公 | 中国（上海）自由贸易试验区 | | | | | 上海市浦东新区银冬 | | | | 地址 | 申江路 5709 号、上海市浦东新 | | | | 201210 | 路20弄集鼎天地3号 | | 201210 | | | 区秋月路 号 室 4 | 26 | 幢 | 901 | | 楼 层 17 | | | 除上述主要办公地址变更外，公司投资者关系热线及邮箱均保持不变，具体 联系方式如下： 证券代码：688206 证券简称：概伦电子 公告编号：2026-003 上海概伦电子股份有限公司 关于变更主要 ...

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。 上海概伦电子股份有限公司（以下简称"公司"）拟通过发行股份及支付现 金的方式购买成都锐成芯微科技股份有限公司 100%股权及纳能微电子（成都） 股份有限公司 45.64%股权，并募集配套资金（以下简称"本次交易"）。本次 交易构成重大资产重组，构成关联交易，不构成重组上市。 证券代码：688206 证券简称：概伦电子 公告编号：2026-004 上海概伦电子股份有限公司 关于延期回复《关于上海概伦电子股份有限公司发行 股份及支付现金购买资产并募集配套资金暨关联交 易申请的审核问询函的回复》的 公 告 本次交易尚需满足多项条件后方可实施，包括但不限于上海证券交易所审核 通过、中国证券监督管理委员会同意注册等。本次交易能否取得上述批准和注册， 以及最终取得审核通过和同意注册的时间均存在不确定性。公司将继续推进本次 交易的相关工作，并根据本次交易的进展情况严格按照有关法律法规的要求履行 信息披露义务，敬请广大投资者注意投资风险。 特此公告。 上海概伦电子股份有限公司董事会 2026 ...

概伦电子公告称，公司拟发行股份及支付现金购买成都锐成芯微100%股权、纳能微电子45.64%股权并 募集配套资金，构成重大关联重组。2026年1月9日，公司收到上交所《审核问询函》，回复时间总计不 超1个月，难按时回复可申请延期1个月。因部分事项需进一步落实，公司已申请自回复期届满起延期不 超1个月提交回复文件。本次交易尚需多项审批，存在不确定性。 ...

Investment Rating - The report rates the EDA industry as "Overweight," indicating that the industry is expected to outperform the overall market [12]. Core Insights - The EDA industry is entering an accelerated development phase, driven by active IPOs and mergers and acquisitions [5]. - The report highlights two significant events in January 2026: the performance forecast of Gaolun Electronics and the increase in shareholding by state-owned investment [5]. - The long-term outlook for the EDA industry suggests the emergence of 2-3 major players through mergers and acquisitions, with state capital playing a crucial role in this growth [5]. Summary by Sections Key Events - Gaolun Electronics forecasts a revenue of 487 million yuan for 2025, a year-on-year increase of 16.21%, and a net profit of 36 million yuan, marking a turnaround from a loss of 95.97 million yuan in the previous year [5]. - State-owned investment increased its stake in Gaolun Electronics by 5%, highlighting the company's strategic importance in the EDA sector [5]. Industry Trends - The report emphasizes the importance of domestic technology paths in semiconductor manufacturing, which creates independent market opportunities for local EDA companies due to the lack of support from foreign EDA tools [5]. - The report notes that the EDA industry is experiencing a surge in IPO activities, with three new companies entering the IPO process, reflecting the overall growth trend in the sector [5]. - The report stresses the need for EDA companies to possess comprehensive platform capabilities to enhance competitiveness, underscoring the role of EDA firms as integration platforms for local industries [5]. Related Companies - Key companies mentioned include Huada Jiutian, Gaolun Electronics, and Guangli Micro, each with distinct advantages in the EDA market [5].

Investment Rating - The industry investment rating is "Overweight" indicating that the EDA industry is expected to outperform the overall market [13]. Core Insights - The EDA industry is entering an accelerated development phase, driven by active IPOs and mergers and acquisitions [5][3]. - The report highlights two key events in January 2026: the performance forecast of Gaon Electronics and the increase in shareholding by state-owned investment [5]. - Gaon Electronics is projected to achieve a revenue of 487 million yuan in 2025, a year-on-year increase of 16.21%, and is expected to turn a profit with a net profit of 36 million yuan [5]. - The report emphasizes the potential of EDA integration platforms, predicting the emergence of 2-3 comprehensive giants in the next five years, supported by state capital and large funds [5]. - The report identifies three main viewpoints: the opportunities arising from the divergence of domestic process paths, the active IPO and M&A activities, and the importance of industry chain collaboration and policy/capital support [5]. Summary by Sections Key Events - In January 2026, two significant events occurred in the domestic EDA industry: Gaon Electronics' performance forecast and the increase in shareholding by state-owned investment [5]. - Gaon Electronics expects to achieve a revenue of 487 million yuan in 2025, a 16.21% increase year-on-year, and a net profit of 36 million yuan, marking a turnaround from a loss of approximately 95.97 million yuan in the previous year [5]. Industry Trends - The EDA industry is experiencing an acceleration in development, with three new companies entering the IPO process, each positioned in different segments of the industry [5]. - The report notes that recent M&A activities in the EDA sector have seen increasing transaction values, focusing on core areas of digital IC design, indicating a shift towards advanced fields [5]. Investment Opportunities - The report highlights the importance of domestic process divergence, which creates opportunities for local EDA companies due to the lack of support from overseas EDA tools for new domestic technologies [5]. - It emphasizes the necessity for EDA companies to possess comprehensive platform capabilities to enhance competitiveness and the role of EDA listed companies as important integration platforms for local EDA industries [5]. Related Companies - Key companies mentioned include Huada Jiutian, Gaon Electronics, and Guangliwei, each with distinct advantages and growth potential in the EDA sector [5].

资料显示，上海概伦电子股份有限公司位于中国(上海)自由贸易试验区申江路5709号,秋月路26号4幢901 室，成立日期2010年3月18日，上市日期2021年12月28日，公司主营业务涉及向客户提供被全球领先集 成电路设计和制造企业长期广泛验证和使用的EDA产品及解决方案。主营业务收入构成为：EDA工具 授权67.95%，技术开发解决方案21.23%，半导体器件特性测试系统10.63%，其他(补充)0.18%。 从概伦电子十大流通股东角度 2月2日，概伦电子跌5.2%，截至发稿，报36.86元/股，成交1.27亿元，换手率0.78%，总市值160.41亿 元。 数据显示，南方基金旗下1只基金重仓概伦电子。南方科创板3年定开混合（506000）四季度持有股数 286.83万股，占基金净值比例为4.33%，位居第九大重仓股。根据测算，今日浮亏损失约579.41万元。 南方科创板3年定开混合（506000）成立日期2020年7月28日，最新规模23.07亿。今年以来收益 17.23%，同类排名369/9000；近一年收益60.74%，同类排名1266/8193；成立以来收益33.24%。 南方科创板3年定开混合（5 ...

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 44.31 CNY per share based on a 31x PS valuation for 2026 [7]. Core Insights - The company, Gaolun Electronics, focuses on device modeling and circuit simulation, leveraging the DTCO methodology to drive its operations. It has established a competitive product system in key EDA tool areas and aims to build a regional EDA platform through ecosystem development [7][13]. - The EDA industry is expected to grow faster than the economic cycle, driven by increasing chip complexity, advancements in process technology, and the expansion of the ASIC market. Domestic EDA companies are currently in a phase of consolidation and integration, enhancing their growth potential [7][63]. - The company has a robust project pipeline and is actively pursuing mergers and acquisitions to strengthen its product offerings and market position. Recent acquisitions include companies like Boda Micro and Entasys, which are expected to enhance its semiconductor IP capabilities [7][13]. Summary by Sections Company Overview - Gaolun Electronics, established in 2010, is the first listed EDA company in China, providing manufacturing and design EDA tools, semiconductor device testing systems, and technical development solutions. The company has formed long-term partnerships with leading global IC design and manufacturing firms [13][14]. Main Business - The company’s EDA tools cover both manufacturing and design phases, with a focus on device modeling and circuit simulation. Its revenue is primarily generated from EDA tool licensing, semiconductor testing systems, and one-stop technical development solutions, with respective revenue shares of 61.38%, 28.02%, and 10.14% in 2024 [14][17]. Financial Analysis - Revenue has steadily increased from 137 million CNY in 2020 to 419 million CNY in 2024, with a CAGR of 32.13%. The company is expected to turn profitable in 2025 after experiencing losses in 2023 and 2024. The gross margin has remained above 80%, indicating strong pricing power and technical barriers [51][58]. - The company’s R&D expenses have peaked but are expected to decline as revenue scales up, improving overall profitability [59]. EDA Industry - The global EDA market is projected to grow from under 10 billion USD in 2018 to over 15 billion USD currently, while the domestic market is expected to expand from approximately 5 billion CNY in 2016 to nearly 20 billion CNY by 2025, reflecting a double-digit growth rate [63]. - The demand for EDA tools is driven by the increasing complexity of chips, advancements in process technology, and the rapid expansion of the ASIC market, which collectively enhance the usage intensity and budget allocation for EDA tools [66][75].

Market Overview - Major indices showed mixed performance with the STAR 50 up by 1.51%, ChiNext Index up by 0.71%, Shanghai Composite Index up by 0.18%, Shenzhen Component Index up by 0.09%, and North Exchange 50 down by 0.05% [1] - TMT sector led the gains with SW discrete devices up by 5.70%, SW analog chip design up by 3.60%, and SW integrated circuit packaging and testing up by 3.59% [1] - TMT sector faced declines with SW security equipment down by 1.11%, SW other computer equipment down by 1.07%, and SW education publishing down by 1.03% [1] Domestic News - Lanke Technology announced the launch of high-performance active electrical cable solutions based on PCIe 6.x/CXL 3.x standards, aimed at supporting data centers transitioning from single-rack to multi-rack architectures [2] - The Chinese semiconductor market is projected to grow by 31.26% by Q4 2026, reaching a market size of $546.5 billion [2] - Guokewai announced price adjustments for its solid-state storage chips and SSD controllers, with increases ranging from 20% to 80%, particularly for enterprise-grade SSDs and high-end DDR products [2] - Hefei Guoxian's 8.6-generation AMOLED production line project is 65% complete, with cleanroom delivery expected in Q2 this year [2] Overseas News - Micron has begun construction on an advanced wafer manufacturing facility in Singapore, planning to invest approximately $24 billion over 10 years, with production expected to start in the second half of 2028 [2] - Counterpoint Research forecasts that global shipments of AI server-specific ASICs will triple by 2027 compared to 2024, driven by strong demand for Google's TPU infrastructure and AWS Trainium clusters [2] - Microsoft launched the new AI accelerator, Microsoft Azure Maia 200, with a peak FP4 computing power of 10 petaflops, three times that of Amazon's Trainium3 [2] - The U.S. Patent and Trademark Office rejected Yangtze Memory Technologies Co.'s request to invalidate two core patents of Micron related to 3D NAND flash memory manufacturing processes [2] AI Insights - DeepSeek released OCR 2, utilizing an innovative DeepEncoder V2 method to dynamically adjust visual token distribution based on image content [3] - Vidu launched the world's first video generation model supporting "everything can be referenced," allowing users to replicate effects and edit videos with ease [3] - Kimi released the open-source K2.5 model, achieving state-of-the-art performance in various benchmarks and supporting multi-modal inputs [3] - Alibaba introduced the Qwen3-Max-Thinking model, with over 1 trillion parameters and significant improvements across multiple dimensions, comparable to leading models like GPT-5.2-Thinking [3] Industry Tracking - Guoxing Aerospace disclosed plans for the world's first space computing network serving silicon-based intelligences, aiming to establish a comprehensive computing infrastructure by 2035 [4] - The "Stone Worker Zhuoling" ultrasonic Lamb wave scanning imaging logging instrument has been successfully applied in major oil fields, enhancing wellbore integrity diagnostics [4] - China's machine tool exports surged by 18% year-on-year, capturing a 21.6% global market share, surpassing Germany for the first time [4] - Zhejiang Renxing completed a 450 million yuan Pre-A round financing for its humanoid robots, which are already deployed in leading companies across various sectors [4] Earnings Updates - Gallen Electronics expects 2025 revenue of approximately 487 million yuan, a year-on-year increase of 16.21%, with a projected net profit of 36 million yuan [5] - Lante Optical anticipates a net profit of 375 to 400 million yuan for 2025, representing a year-on-year growth of 70.04% to 81.38% [5] - Nanya New Materials forecasts a net profit of 220 to 260 million yuan for 2025, a significant increase of 337.20% to 416.69% year-on-year [5] - Shijia Photon expects 2025 revenue to reach 2.129 billion yuan, a year-on-year growth of approximately 98.13%, with a projected net profit of 342 million yuan [5]

2、紫金矿业：拟以280亿元收购联合黄金100%股权，截至2024年底，联合黄金拥有金资源量533吨。 一、并购重组 1、埃夫特：筹划购买盛普股份股权，股票停牌。标的公司专注于精密流体控制设备及其核心零部件的 研发、生产和销售，专业生产各类自动喷胶机、点胶设备、涂胶机械，涂布设备等。 1、海科新源：与比亚迪锂电池签署电解液溶剂长期合作协议，每年供应至少10万吨产品。 3、鼎龙股份：拟6.3亿元收购新型锂电池分散剂公司皓飞新材70%股权。皓飞新材目前是新型锂电池分 散剂的国内绝对头部企业。 2、川环科技：拟投资11亿元建设华东智造总部基地，主要生产汽车燃油系统、冷却系统等软管及总 成、液冷服务器及储能设备液冷管路总成等产品。 3、长源东谷：子公司收到定点通知函，生命周期销售总金额预计为22亿元到30亿元。 三、业绩变动 1、瑞芯微：2025年净利润为10.23亿元至11.03亿元，与上年同期相比增长71.97%至85.42%。报告期 内，公司RK3588、RK3576、RV11系列为代表的AIoT一系列算力平台快速增长；汽车电子、机器人、 机器视觉、工业应用等重点产品线持续突破。 2、多氟多：2025年归属于上 ...

报告期内，公司持续加大产品研发和技术提升力度，积极拓展产品种类，不断提升产品技术水平和市场 竞争力，EDA软件授权、技术开发解决方案等业务均实现较快增长。 概伦电子(688206.SH)发布2025年年度业绩预盈公告，预计2025年年度实现归属于母公司所有者的净利 润与上年同期(法定披露数据)相比，将实现扭亏为盈，实现归属于母公司所有者的净利润3,600万元左 右。 ...