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上海证监局大力推动辖区并购重组 并购生态体系加速形成
Zheng Quan Shi Bao Wang· 2025-06-12 03:17
上海证监局与上海市有关部门、沪深交易所密切协同,不断推进"并购六条"各项举措落地。 自2024年9月"并购六条"发布以来,上海证监局大力推动辖区上市公司并购重组。目前,上海辖区并购 市场规模和活跃度持续攀升,并购重组服务科技创新、提高资源配置效率的功能得到明显提升。 数据显示,自"并购六条"发布以来,上海辖区累计披露并购重组134单,累计披露重组金额达2419亿 元。其中,重大资产重组13单,同比增长550%,多个项目取得明显进展。 "央地协同"成效显著 2024年12月,上海发布全国首个地方政府贯彻落实"并购六条"的政策文件——《上海市支持上市公司并 购重组行动方案(2025—2027年)》(以下简称《上海行动方案》),方案明确提出力争到2027年,努 力将上海打造成为产业能级显著提升、并购生态更加健全、协作机制多元长效的上市公司并购重组先行 区和示范区。 基于资源优化配置、产业升级的内在需求,并购重组已成为上市公司巩固优势地位、提升市场竞争力的 重要手段。 一方面,主业进入成熟期的公司存在通过并购快速扩充规模、扩大市场份额的需求。中国船舶吸收合并 中国重工,旨在持续深化国企改革,打造世界一流船舶企业,巩固 ...
A股内幕交易刷新历史:“提前涨停”已成日常?
阿尔法工场研究院· 2025-06-10 10:19
以下文章来源于证金事 ,作者树比草高 证金事 . 记录自己对经济与金融的思考。 作者 | 证金事 来源 | 证金事 导语 :相较即将公告时的"提前涨停",贯穿始终的内幕交易更加隐蔽。 2009 年从《上海证券报》辞职的时候,我给挽留领导做了解释: " 调查记者出身的我擅长 揭示问题,随着严刑峻法和稽查局数倍扩容,将会愈发规范的 A 股会让我失去用武之地。 " 令我完全没有想到的是,现在 A 股的内幕交易猖獗程度 刷新 了历史,至少我是从来没有见 到过如此频繁的肆无忌惮。 提前涨停日常 国科微 6 月 6 日公告,拟通过发行股份及支付现金的方式购买中芯宁波 94.366% 股权。在 停牌前夕的 5 月 20 日 ,国科微 20% 涨停。 国科微 股价在 重大资产重组 时提前 涨 停, 引发投资者质疑。 其实,国科微只是重大利好发布之前提前涨停的一例而已。 商络电子 6 月 4 日晚公告,拟通过现金方式购买广州立功科技股份有限公司股权并达到控股 目的。在公告之前四个交易日中,商络电子上涨了 22.82% 。 邦基科技 6 月 4 日涨停,当晚公告 拟以发行股份及支付现金相结合方式购买山东北溪农牧 有限公司 100 ...
上市公司拟邀名单|“潮起东方,新质领航”国泰海通证券2025中期策略会
国泰海通证券研究· 2025-05-26 14:53
电子 | 龙旗科技 | 鲲游光电 | 环旭电子 | 京东方 | | --- | --- | --- | --- | | 维信诺 | 隆利科技 | 全志科技 | 深天马 | | 利亚德 | 聚灿光电 | 奥海科技 | 胜宏科技 | | 瑞声科技 | 国芯科技 | 漫步者 | 泰凌微 | | 格科微 | 芯海科技 | 思特威 | 东芯股份 | | 康希通信 | 韦尔股份 | 恒炼股份 | 普冉股份 | | 鼎阳科技 | 福立旺 | 世华科技 | 南亚新材 | | 隆扬电子 | 天工股份 | 菲沃泰 | 歌尔股份 | | 春秋电子 | TCL科技 | 华勤技术 | 欧菲光 | | 电科芯片 | 杰华特 | 思瑞浦 | 晶丰明源 | | 芯 | 艾为电子 | 美芯晟 | 新相微 | | 南芯科技 | 帝奥微 | 创耀科技 | 朗科科技 | | 佰维存储 | 水晶光电 | 敏芯股份 | 闻泰科技 | | 新洁能 | 安凯微 | 芯联集成 | 汇顶科技 | | 芯暮微装 | 海晨股份 | 德邦科技 | 芯源微 | | 联动科技 | 沪硅产业 | 珂玛科技 | 我慢漫 | | 北方华创 | 龙图光罩 | 润欣科技 | 传音 ...
晶丰明源(688368):深度报告:AI时代的新机遇
Minsheng Securities· 2025-05-20 04:19
Investment Rating - The report gives a "Recommended" rating for the company, marking its first coverage [5]. Core Insights - The company focuses on power management chips and control driver chips, with a product line that includes LED lighting driver chips, motor control driver chips, AC/DC power chips, and high-performance computing power chips [1][10]. - The company has shown significant revenue growth, achieving 1.303 billion in revenue in 2023, a year-on-year increase of 20.74%, and is expected to reach 1.504 billion in 2024, a growth of 15.38% [1][16]. - The company is a pioneer in high-performance computing power chips, having entered the market with a full range of products and achieved significant sales growth [2][40]. Summary by Sections 1. Company Overview - The company is a leading designer of power management and control driver chips in China, with a focus on four main product lines [1][10]. - The company has expanded its product offerings through both internal development and acquisitions, enhancing its competitive position in the industry [3][12]. 2. High-Performance Computing Power Chips - The company has strategically focused on high-performance computing power chips since 2021, filling a domestic technology gap and achieving significant sales milestones [2][40]. - The market for multi-phase power chips is expanding rapidly due to the growth of AI applications, with the company positioned to capture this demand [2][41]. 3. Financial Forecast and Investment Recommendations - The company is projected to achieve net profits of 1.12 million, 1.80 million, and 2.78 million in 2025, 2026, and 2027 respectively, with corresponding PE ratios of 73, 46, and 30 [4][3]. - The report emphasizes the company's strong R&D capabilities and product line as key competitive advantages, supporting its long-term growth outlook [3][4].
晶丰明源:深度报告:AI时代的新机遇-20250520
Minsheng Securities· 2025-05-20 03:48
Investment Rating - The report gives a "Buy" rating for the company, with a target price of 93.88 CNY [5]. Core Viewpoints - The company focuses on power management chips and control driver chips, with a product line that includes LED lighting driver chips, motor control driver chips, AC/DC power chips, and high-performance computing power chips [1][10]. - The company has shown significant revenue growth, achieving 1.303 billion CNY in 2023, a year-on-year increase of 20.74%, and is expected to continue this growth trajectory with projected revenues of 1.504 billion CNY in 2024, a 15.38% increase [1][16]. - The company is a pioneer in high-performance computing power chips, having entered the market with a full range of products and achieved significant sales growth, particularly in the AI sector [2][40]. Summary by Sections 1. Company Overview - The company is a leading designer of power management and control driver chips in China, with a focus on four main product lines: LED lighting driver chips, motor control driver chips, AC/DC power chips, and high-performance computing power chips [1][10]. - The company has expanded its product lines through both organic growth and acquisitions, including the recent acquisition of Nanjing Lingou Chuangxin and plans to acquire Yichong Technology [3][12]. 2. High-Performance Computing Power Chips - The company has strategically focused on high-performance computing power chips since 2021, targeting the growing demand driven by AI applications [2][40]. - The high-performance computing product line has achieved mass production of multi-phase controllers, DrMOS, POL, and Efuse products, entering a phase of scale sales [2][40]. 3. Financial Forecast and Investment Recommendations - The company is expected to achieve net profits of 1.12 million CNY, 1.80 million CNY, and 2.78 million CNY from 2025 to 2027, with corresponding PE ratios of 73, 46, and 30 [3][4]. - The report emphasizes the company's strong R&D capabilities and competitive product lines, supporting a positive long-term growth outlook [3][4].
晶丰明源: 监事会关于2021年限制性股票激励计划、2021年第二期限制性股票激励计划、2023年限制性股票激励计划部分归属期归属名单的核查意见
Zheng Quan Zhi Xing· 2025-05-12 14:04
Core Viewpoint - The supervisory board of Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd. has reviewed and approved the vesting lists for various stock incentive plans, confirming that the 95 incentive objects meet the necessary qualifications and conditions as per relevant laws and regulations [1][2][3]. Group 1 - The supervisory board conducted a review based on the Company Law, Securities Law, and other relevant regulations to ensure compliance with the stock incentive plans [1]. - The review confirmed that the 95 incentive objects are legally qualified and meet the conditions set forth in the incentive plans [1]. - The supervisory board agreed to the vesting lists for the fourth vesting period of the 2021 stock incentive plan and other related plans [1].
晶丰明源: 上海晶丰明源半导体股份有限公司第三届监事会第二十二次会议决议公告
Zheng Quan Zhi Xing· 2025-05-12 14:04
Meeting Overview - The third session of the Supervisory Board of Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd. was held on May 12, 2025, with all three supervisors present for voting [1] Agenda Items Adjustment of Stock Incentive Plan Grant Prices - The Supervisory Board approved the adjustment of grant prices for the 2021 and 2023 stock incentive plans, with the following changes: - 2021 plan price adjusted from 82.00 CNY/share to 58.07 CNY/share - 2021 second phase plan price adjusted from 164.00 CNY/share to 116.64 CNY/share - 2023 plan price adjusted from 20.00 CNY/share to 13.79 CNY/share - The adjustments comply with relevant laws and regulations and will not materially affect the company's financial status or operating results [2] Adjustment of Grant Quantity and Vesting Conditions - The Supervisory Board approved the adjustment of the grant quantity and confirmed that the vesting conditions for certain stock grants have been met, allowing for a total of 245,980 shares to be vested for 95 eligible participants [3] Cancellation of Unvested Stock Grants - The Supervisory Board approved the cancellation of certain previously granted but unvested stock options, in accordance with relevant laws and regulations, ensuring no harm to shareholder interests [4][5]
晶丰明源: 上海君澜律师事务所关于上海晶丰明源半导体股份有限公司2021年、2021年第二期、2022年第二期及2023年限制性股票激励计划调整、作废及归属相关事项之法律意见书
Zheng Quan Zhi Xing· 2025-05-12 14:04
Core Viewpoint - The legal opinion letter addresses the adjustments, cancellations, and vesting conditions related to the restricted stock incentive plans of Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd, confirming compliance with relevant regulations and the absence of significant impact on the company's financial status and operational results [1][35]. Summary by Sections Approval and Authorization of Adjustments - The adjustments and cancellations of the restricted stock incentive plans have been approved by the company's board and supervisory committee, in accordance with the relevant regulations [5][10][32]. - The adjustments include changes to the grant prices and quantities of the restricted stocks across multiple incentive plans [10][32]. Specifics of Adjustments - The grant prices for the incentive plans have been adjusted as follows: - For the 2021 plan, from 82.00 CNY/share to 58.07 CNY/share - For the 2021 second phase plan, from 164.00 CNY/share to 116.64 CNY/share - For the 2023 plan, from 20.00 CNY/share to 13.79 CNY/share [13][32]. Cancellations of Restricted Stocks - Cancellations involve unvested restricted stocks due to the departure of eligible participants: - 21,855.4 shares from the 2021 plan - 9,654.4 shares from the 2021 second phase plan - 9,391.2 shares from the 2022 second phase plan - 51,760.8 shares from the 2023 plan [14][15][16][32]. Vesting Conditions - The vesting conditions for the restricted stocks include: - The company must not have received a negative audit opinion - The participants must not have engaged in disqualifying actions - The performance targets must be met, with the company achieving a gross profit of 558.2 million CNY in 2024 [19][20][30][32]. Information Disclosure - The company is required to disclose relevant information regarding the adjustments, cancellations, and vesting in accordance with regulatory requirements [33][34].
晶丰明源: 上海晶丰明源半导体股份有限公司关于限制性股票激励计划授予数量调整及相关归属期符合归属条件的公告
Zheng Quan Zhi Xing· 2025-05-12 14:04
Core Points - The company announced an adjustment in the number of restricted stock awards under its incentive plan, with a total of 245,980 shares to be vested [1][2][3] Group 1: 2021 Restricted Stock Incentive Plan - The total number of restricted stocks granted was 776,800 shares, accounting for 1.26% of the company's total share capital of 61.6 million shares as of the announcement date [2][3] - The adjusted grant price for the restricted stocks is 58.07 yuan per share [2] - The initial grant involved 14 individuals, primarily middle management and other personnel deemed necessary for motivation, with a reserved portion for 31 individuals [2][3] - The vesting schedule includes four periods, with the first vesting occurring 12 months after the grant date [2][3][4] - Performance targets for the company include achieving revenue of 1.1 billion yuan or gross profit of 253 million yuan for the first vesting period [3][4] Group 2: 2021 Second Phase Restricted Stock Incentive Plan - The total number of restricted stocks granted was 441,500 shares, representing 0.71% of the company's total share capital of 62.03 million shares as of the announcement date [15][16] - The adjusted grant price for the restricted stocks is 116.64 yuan per share [15] - The vesting schedule includes three periods, with the first vesting occurring 12 months after the grant date [15][16] Group 3: 2023 Restricted Stock Incentive Plan - The total number of restricted stocks granted was 1,558,100 shares, accounting for 2.48% of the company's total share capital of 62.90 million shares as of the announcement date [24][25] - The adjusted grant price for the restricted stocks is 13.79 yuan per share [24] - The vesting schedule includes three periods, with the first vesting occurring 12 months after the grant date [24][25] - Performance targets for the company include achieving revenue of 1.5 billion yuan or gross profit of 345 million yuan for the first vesting period [26][27]
晶丰明源(688368) - 上海晶丰明源半导体股份有限公司关于作废部分已授予尚未归属的限制性股票的公告
2025-05-12 13:02
证券代码:688368 证券简称:晶丰明源 公告编号:2025-035 上海晶丰明源半导体股份有限公司 关于作废部分已授予尚未归属的限制性股票的公告 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。 上海晶丰明源半导体股份有限公司(以下简称"晶丰明源"或"公司")于 2025 年 5 月 12 日召开第三届董事会第二十五次会议、第三届监事会第二十二次 会议,审议通过了《关于作废部分已授予尚未归属的限制性股票的议案》,因公 司层面业绩考核目标未达成以及部分激励对象离职或自愿放弃,根据《上市公司 股权激励管理办法》《公司 2021 年限制性股票激励计划(草案)》《公司 2021 年 第二期限制性股票激励计划(草案)》《公司 2022 年第二期限制性股票激励计划 (草案)》《公司 2023 年限制性股票激励计划(草案)》的相关规定,以及 2023 年年度资本公积转增股本实施情况,经调整,公司 2021 年限制性股票激励计划 首次授予及预留授予、2021 年第二期限制性股票激励计划首次授予及预留授予、 2022 年第二期限制性股票激 ...