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国产模拟半导体新并购!瞄准隔离芯片
是说芯语· 2025-10-01 02:15
9 月 29 日晚间,模拟芯片设计企业帝奥微(688381.SH)抛出的收购方案,本质是一场精准的技术卡位战。根据公告及股权穿透信息,公司已与荣湃半导 体控股股东董志伟签署意向协议,拟通过 "发行股份 + 现金支付" 方式收购其直接及间接持有的股权。由于董志伟通过直接持股 45.08% 及控制两大合伙 基金,合计持有荣湃半导体 54.31% 股权,若交易完成,荣湃将成为帝奥微控股子公司。值得关注的是标的公司的股东背景,小米长江产业基金(持股 3.5%)、豪威旗下韦豪创芯(持股 1.43%)等明星资本的加持,既印证了荣湃技术的行业认可度,也为交易估值谈判增加了博弈空间。目前交易金额、股 份发行比例等核心条款尚未披露,但参考 2025 年半导体行业并购平均估值水平,结合荣湃在隔离芯片领域的技术地位,估值或达数十亿级别。 市场普遍期待复牌后的估值重估。 这种乐观源于三重逻辑:一是隔离芯片赛道的高成长性,伴随新能源汽车与储能需求爆发,市场规模有望保持 20% 以上增速;二是协同效应的业绩想象 空间,参考长川科技并购后净利润增长 9 倍的案例,若整合顺利,帝奥微有望扭转 2025H1 归母净亏损 420 万元的颓势;三 ...
帝奥微并购荣湃半导体:隔离芯片能否解汽车电子饥渴?|并购一线
Tai Mei Ti A P P· 2025-09-30 11:30
Core Viewpoint - The semiconductor industry is experiencing accelerated consolidation, highlighted by the acquisition plan of DiAo Microelectronics (688381.SH) to purchase all equity or control of Rongpai Semiconductor, which will enhance its position in the automotive electronics sector and fill gaps in its product offerings [2][3]. Group 1: Acquisition Details - DiAo Microelectronics announced a suspension of trading as it plans to acquire Rongpai Semiconductor through a combination of share issuance and cash payment [2]. - The acquisition will not change the control of DiAo Microelectronics, but the valuation and other core information of the target remain undetermined, making it unclear if the transaction constitutes a major asset restructuring [2]. Group 2: Strategic Implications - The acquisition of Rongpai Semiconductor will allow DiAo Microelectronics to enter the digital isolator market, a segment it has not previously engaged in, and strengthen its layout in the high-growth automotive electronics sector [3]. - DiAo Microelectronics has historically relied on the consumer electronics market, but the industry trend is shifting towards higher-performance applications in new markets such as electric vehicles and industrial automation [3]. Group 3: Market Position and Competition - As of June 30, 2025, DiAo Microelectronics' product applications are heavily reliant on the consumer electronics market, with mobile phones accounting for 32%, industrial control and security for 28%, and other segments making up the remainder [4]. - In contrast, leading competitors like Naxin Microelectronics (688052.SH) have a significant portion of their revenue from automotive electronics, with 36.88% in 2024, highlighting a competitive gap for DiAo Microelectronics in this high-growth area [4]. Group 4: Rongpai Semiconductor Background - Rongpai Semiconductor, established in 2017, is recognized for its digital isolator technology and has aimed for an IPO since its inception, but has not provided updates on this plan [5][6]. - The company has experienced a slowdown in financing activities, with no new funding rounds reported since September 2022, despite having raised capital from notable investors [5][6].
【财经早报】联手“宁王”,重大资产重组!不停牌
Company News - Guolin Technology plans to acquire 91.07% of Xinjiang Kailianjie Petrochemical Co., Ltd. for cash, which is expected to constitute a major asset restructuring. The funding will come from self-owned funds and bank loans [4][5] - Fulin Precision plans to jointly increase capital in its subsidiary Jiangxi Shenghua with CATL, with Fulin contributing 1 billion yuan and CATL contributing 2.563 billion yuan. This transaction is expected to constitute a major asset restructuring [6] - Baicheng Co., Ltd. intends to acquire 55% of Shanghai Canxi Engineering Equipment Co., Ltd. through a combination of share issuance and cash payment, which is not expected to constitute a major asset restructuring [7] - Diao Micro plans to acquire equity in Rongpai Semiconductor (Shanghai) Co., Ltd. through share issuance and cash payment, with the transaction's classification as a major asset restructuring yet to be determined [7] - Hubei Energy signed a cooperation agreement with Xiangyang City government to invest 26.7 billion yuan in clean energy projects during the 14th Five-Year Plan period [7] - Suochen Technology plans to acquire 60% of Likong Technology for 192 million yuan, which will become a secondary holding subsidiary post-transaction [8] - Sailis plans to purchase 10% of Shenzhen Yingwang Intelligent Technology Co., Ltd. from Huawei for 11.5 billion yuan, with all payments completed as of the announcement date [8] - Bohai Automobile intends to acquire multiple stakes in various companies through share issuance and cash payment, with a total transaction value of 2.728 billion yuan [9] - Hengwei Technology plans to acquire 75% of Shanghai Shuhang Information Technology Co., Ltd. through share issuance and cash payment, which is not expected to constitute a major asset restructuring [10] Industry News - The National Development and Reform Commission announced a new policy financial tool with a total scale of 500 billion yuan, aimed at supplementing project capital [2] - The Ministry of Water Resources reported that investment in water conservancy construction is expected to exceed 5.4 trillion yuan during the 14th Five-Year Plan, significantly higher than the previous plan [3] - The Ministry of Industry and Information Technology, along with other departments, released a work plan for the machinery industry, targeting an average annual revenue growth rate of around 3.5% from 2025 to 2026 [3]
每天三分钟公告很轻松 | 300786 重大资产重组
Group 1: Major Asset Restructuring - Guolin Technology is planning a significant asset restructuring by acquiring 91.07% of Xinjiang Kailianjie Petrochemical Co., Ltd. for cash, which will give the company control over Kailianjie, making it a subsidiary [1][2] Group 2: Equity Purchases and Stock Suspension - Diaowei is planning to purchase equity in Rongpai Semiconductor through a combination of issuing shares and cash payments, leading to a stock suspension from September 29, 2025, for up to 10 trading days [3] - Bicheng Co. is also planning to acquire 55% of Shanghai Canxi Engineering Equipment Co., Ltd. through issuing shares and cash, with a stock suspension starting September 30, 2025, for up to 5 trading days [7] Group 3: Changes in Control - Shanhe Pharmaceutical Auxiliary announced a change in its controlling shareholder and actual controller to Wu Changhong due to the inheritance following the death of the previous controller, Yin Zhenglong [4] Group 4: Earnings Forecasts - Yinglian Co. expects a net profit of 34.5 million to 37.5 million yuan for the first three quarters of 2025, representing a year-on-year increase of 1531.13% to 1672.97%, driven by the fast-moving consumer goods metal packaging sector [5] - Dalian Heavy Industry anticipates a net profit of 474 million to 508 million yuan for the same period, reflecting a growth of 19.91% to 28.52% year-on-year, attributed to steady revenue growth [5] Group 5: Fundraising and Projects - Zhongcai Technology plans to raise up to 4.481 billion yuan through a private placement to fund projects related to low dielectric fiber cloth production and to repay government funds [8] - Luoxin Pharmaceutical is also looking to raise up to 842.4 million yuan for innovative drug research and development and facility upgrades [8] Group 6: Regulatory Actions - *ST Xingnong has been investigated by the China Securities Regulatory Commission for suspected information disclosure violations [9] - Other companies, including Youkeshi and Woton Technology, are also involved in various regulatory and investment activities, including share buybacks and strategic partnerships [10][14]
帝奥微拟收购荣湃半导体股权 小米、豪威旗下基金也是标的公司股东
Mei Ri Jing Ji Xin Wen· 2025-09-29 13:53
每经记者|朱成祥 每经编辑|陈俊杰 9月29日晚间,帝奥微披露公告,正在筹划以发行股份及支付现金的方式购买荣湃半导体(上海)有限公 司(以下简称"荣湃半导体")股权。 帝奥微主营业务为模拟集成电路产品的研发与销售,公司所处行业属于集成电路设计行业。根据荣湃半 导体官方公众号,其为高性能模拟集成电路的产品提供商,专注于模拟集成电路的研发和销售。 可以看出,帝奥微此次购买股权,应为拓展其模拟芯片业务。 拟收购荣湃半导体 据悉,帝奥微已与标的公司主要股东董志伟签署了《关于荣湃半导体(上海)有限公司收购意向协 议》,约定公司通过发行股份及支付现金的方式购买董志伟持有的标的公司股权。 据天眼查,董志伟直接持有荣湃半导体45.083%的股权。此外,荣湃半导体第二大股东为宁波梅山保税 港区达湃投资管理合伙企业(有限合伙),持股比例为14.2%,董志伟是第二大股东的执行事务合伙 人,持股比例为36.68%。 董志伟同时也是平阳达湃管理合伙企业(有限合伙)的执行事务合伙人,持股比例高达92.55%,而平 阳达湃持有荣湃半导体4.35%的股份。 照此计算,董志伟直接、间接合计持有荣湃半导体股权比例超过50%。若帝奥微全部收购董志 ...
帝奥微拟购买荣湃半导体股权;*ST星农因涉嫌信披违法违规被立案 |公告精选
Mei Ri Jing Ji Xin Wen· 2025-09-29 13:50
Mergers and Acquisitions - DiAo Micro plans to acquire equity in Rongpai Semiconductor through a combination of issuing shares and cash payment, with the stock suspended for up to 10 trading days [1] - Jingye Intelligent intends to purchase 51% of Hefei Shengwen for 108 million yuan, aiming to enhance its strategic presence in the military sector [2] - Guolin Technology is planning a cash acquisition of 91.07% of Xinjiang Kailianjie, which specializes in the production of maleic anhydride, potentially creating a synergistic relationship with its existing business [3] Shareholding Changes - Erkang Pharmaceutical's controlling shareholder plans to reduce holdings by up to 42 million shares, representing 2.04% of the total share capital [4] - Senba Sensor's actual controller's associated party intends to reduce holdings by no more than 308.69 thousand shares, accounting for 1.09% of the total share capital [5] - Zhiyang Innovation's controlling shareholder and associated parties plan to reduce holdings by up to 422.5 thousand shares, which is 1.82% of the total share capital, during a specified period [6] Regulatory Issues - Youkeshu announced that three shareholders are under investigation by the China Securities Regulatory Commission for failing to disclose significant information [7] - *ST Xingnong received a notice from the China Securities Regulatory Commission regarding an investigation for suspected information disclosure violations, while its operations remain normal [8] - *ST Mubang's actual controller is also under investigation by the China Securities Regulatory Commission for failing to disclose non-operational fund transactions [10]
帝奥微今起停牌 筹划购买荣湃半导体公司股权
Zhong Guo Jing Ji Wang· 2025-09-29 13:49
本次交易尚处于筹划阶段,截至公告披露日,荣湃的估值尚未最终确定。根据《上市公司重大资产重组 管理办法》《上海证券交易所科创板股票上市规则》等相关规定,尚无法确定本次交易是否构成重大资 产重组。此外,因标的公司审计评估、交易金额、发行股份及支付现金比例等内容暂未确定,尚无法确 定本次交易是否构成关联交易。对于本次交易是否构成重大资产重组及关联交易的具体认定,公司将在 重组预案或重组报告书中予以详细分析和披露。本次交易不会导致公司实际控制人发生变更,不构成重 组上市。 中国经济网北京9月29日讯帝奥微(688381.SH)今晚发布关于筹划发行股份及支付现金购买资产事项的停 牌公告。 帝奥微正在筹划以发行股份及支付现金的方式购买荣湃半导体(上海)有限公司(以下简称"荣湃"或"标的 公司")股权(以下简称"本次交易")。 因本次交易尚存在不确定性,为了保证公平信息披露、维护投资者利益,避免对公司股价造成重大影 响,根据上海证券交易所的相关规定,经公司申请,公司股票(证券简称:帝奥微,证券代码:688381) 已于2025年9月29日开市起停牌,并将于2025年9月30日开市起继续停牌,预计停牌(累计)时间不超过10 ...
帝奥微拟购买荣湃半导体股权 股票停牌
Ju Chao Zi Xun· 2025-09-29 13:36
9月29日,帝奥微发布公告,公司正在筹划以发行股份及支付现金的方式购买荣湃半导体(上海)有限公 司股权。为避免对公司股价造成重大影响,公司股票自2025年9月29日开市起停牌,并将于2025年9月30 日开市起继续停牌,预计停牌累计时间不超过10个交易日。 帝奥微专注于高性能模拟芯片的研发设计,核心产品涵盖信号链与电源管理两大系列,广泛应用于汽车 电子、人形机器人、消费电子等关键领域。今年上半年,公司实现营业收入3.06亿元,较上年同期增加 15.11%;上半年整体毛利率为45.49%。 荣湃半导体成立于2017年,专注于高性能、高品质模拟芯片的设计与研发,致力于成为全球技术领先的 高性能模拟集成电路产品供应商,产品包括数字隔离器、驱动(Si/SiC MOSFET、IGBT)、接口 (CAN、RS485、I2C)、采样(放大器、ADC)等,广泛应用于电动汽车、工业控制、能源电源、消 费电子等领域,产品性能和品质对标世界一流模拟集成电路厂商同类产品,部分关键性能指标有所超 越。 荣湃半导体技术团队汇集了众多国内外模拟芯片领域精英,拥有先进的模拟集成电路设计、工艺、测试 技术等经验。据了解,荣湃半导体所有研发均为 ...
拟购荣湃股权,帝奥微9月30日起继续停牌
Bei Jing Shang Bao· 2025-09-29 12:58
公告显示,本次交易尚处于筹划阶段,截至公告披露日,荣湃的估值尚未最终确定。根据《上市公司重 大资产重组管理办法》《上海证券交易所科创板股票上市规则》等相关规定,尚无法确定本次交易是否 构成重大资产重组。此外,因标的公司审计评估、交易金额、发行股份及支付现金比例等内容暂未确 定,尚无法确定本次交易是否构成关联交易。 北京商报讯(记者 董亮 实习记者 李佳雪)9月29日晚间,帝奥微(688381)披露公告称,公司正在筹 划以发行股份及支付现金的方式购买荣湃半导体(上海)有限公司(以下简称"荣湃")股权。经申请,公 司股票已于9月29日开市起停牌,并将于9月30日开市起继续停牌,预计停牌(累计)时间不超过10个交 易日。 ...
A股公告精选 | 英联股份(002846.SZ)前三季度业绩同比大增超15倍
智通财经网· 2025-09-29 12:18
Group 1 - Yinglian Co., Ltd. expects a net profit of 34.5 million to 37.5 million yuan for the first three quarters of 2025, representing a year-on-year increase of 1531% to 1673% [1] - China CNR Corporation signed major contracts totaling approximately 54.34 billion yuan, accounting for 22% of its expected revenue for 2024 [1] - Shengmei Shanghai reported a total order amount of 9.072 billion yuan, a year-on-year increase of 34.1% [2] Group 2 - Fulian Precision plans to increase capital in its subsidiary Jiangxi Shenghua with a total investment of 35.63 billion yuan, which is expected to constitute a major asset restructuring [3] - Aimeike has obtained a drug registration certificate for Minoxidil topical solution, which is used for treating male pattern baldness [4] - Guolin Technology is planning to acquire 91.07% of Kailianjie’s equity for cash, which is expected to constitute a major asset restructuring [5] Group 3 - Baicheng Co. plans to purchase 55% of Shanghai Canxi Engineering Equipment Co. and will suspend trading of its stock starting September 30, 2025 [6][7] - Diaowei is planning to acquire equity in Rongpai Semiconductor and has suspended trading of its stock [8] - Xiatun New Energy signed a strategic cooperation framework agreement with Zhongwei Co. to establish a long-term partnership in the supply chain for solid-state lithium battery materials [9] Group 4 - Lingyi Zhi Manufacturing is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy [10] - Baicheng Pharmaceutical received clinical trial approval for its innovative drug BIOS-0623-Z4, which targets cancer pain treatment [11] - Weide Information announced a preliminary transfer price of 40.33 yuan per share, representing a 26% discount to its closing price [12] Group 5 - Huayou Cobalt's subsidiary signed contracts with LGES for the supply of 76,000 tons of ternary precursor materials and 88,000 tons of ternary cathode materials from 2026 to 2030 [13] - Hubei Energy signed a cooperation agreement with the Xiangyang Municipal Government to invest 26.7 billion yuan in clean energy projects [14]