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纳睿雷达: 中信证券股份有限公司关于广东纳睿雷达科技股份有限公司本次交易相关主体买卖股票情况自查报告的核查意见
Zheng Quan Zhi Xing· 2025-06-13 11:25
Group 1 - The article discusses the self-inspection report regarding stock trading activities by insiders related to the acquisition of 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd. by Guangdong Narui Radar Technology Co., Ltd. [1] - The independent financial advisor, CITIC Securities, conducted a review of stock trading activities by insiders during the self-inspection period, which spans from six months prior to the stock suspension application until one day before the disclosure of the asset acquisition report [1][2] - The self-inspection covered relevant individuals and institutions involved in the trading of Narui Radar's stock [1] Group 2 - During the self-inspection period, the controlling shareholder Zhang Yuanhui bought 286,432 shares and sold 286,441 shares, ending with no shares held [1] - Zhang Yuanhui and his family members provided declarations affirming that their trading activities were based on publicly available information and personal judgment, denying any insider information usage [2][3] - The company also announced a share buyback plan on March 1, 2024, which involved purchasing 378,306 shares without any insider information being utilized [4][5] Group 3 - CITIC Securities confirmed that it has established measures to prevent insider trading, including an information barrier system and a registration system for non-public information insiders [5] - The independent financial advisor concluded that the trading activities of insiders during the self-inspection period did not constitute insider trading as defined by applicable laws and regulations [6]
纳睿雷达(688522) - 广东精诚粤衡律师事务所关于广东纳睿雷达科技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内幕信息知情人买卖股票的专项核查意见
2025-06-13 10:17
广东精诚粤衡律师事务所 关于 广东纳睿雷达科技股份有限公司 发行股份及支付现金购买资产并募集配套资金 内幕信息知情人买卖股票的 专项核查意见 二〇二五年六月 在查验过程中,本所律师已特别提示纳睿雷达及其他接受本所律师查验 的单位和人员,其所提供的证明或证言均应真实、准确、完整,所有文件的 复印件或副本均应与原件或正本完全一致,并无任何虚假记载、误导性陈述 或重大遗漏,其应对所作出的任何承诺或确认事项承担相应法律责任。 纳睿雷达及相关人员已保证,其向本所律师提供的资料及信息真实、准 确、完整,有关文件的签名、印章均为真实,复印件或副本均与原件或正本 一致。 地址:广东省珠海市香洲区吉大情侣中路 47 号珠海怡景湾大酒店五层 邮政编码:519000 电话:0756-8893339 传真:0756-8893336 广东精诚粤衡律师事务所 关于广东纳睿雷达科技股份有限公司发行股份及支付现金购买资产并 募集配套资金内幕信息知情人买卖股票的 专项核查意见 致:广东纳睿雷达科技股份有限公司 根据广东精诚粤衡律师事务所(以下简称"本所")与纳睿雷达签署的 《专项法律服务合同》,本所接受纳睿雷达的委托,担任本次交易的专项法 律 ...
纳睿雷达(688522) - 中信证券股份有限公司关于广东纳睿雷达科技股份有限公司本次交易相关主体买卖股票情况自查报告的核查意见
2025-06-13 10:17
中信证券股份有限公司(以下简称"独立财务顾问"或"中信证券")接受 广东纳睿雷达科技股份有限公司(以下简称"纳睿雷达"、"公司"或"上市公 司")委托,担任上市公司发行股份及支付现金的方式购买天津希格玛微电子技 术有限公司的100%股权同时募集配套资金(以下简称"本次交易")的独立财 务顾问。 中信证券作为本次交易的独立财务顾问,对上市公司本次交易相关内幕信息 知情人买卖股票情况进行了核查,具体如下: 一、本次交易的内幕信息知情人自查期间 本次交易的内幕信息知情人买卖股票情况核查期间(简称"核查期间"或"自 查期间")为本次交易申请股票停牌前六个月(2024年7月8日)至《广东纳睿雷 达科技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报告书(草 案)》披露之前一日(2025年5月30日)止。 二、本次交易的内幕信息知情人核查范围 中信证券股份有限公司 本次交易的内幕信息知情人核查范围包括: 关于广东纳睿雷达科技股份有限公司本次交易相关主体 买卖股票情况自查报告的核查意见 1、纳睿雷达及其实际控制人及一致行动人、董事、监事、高级管理人员及 有关知情人员; 6、其他知悉本次交易内幕信息的知情人员; 7、上 ...
纳睿雷达(688522) - 广东纳睿雷达科技股份有限公司关于本次交易相关主体买卖股票情况自查报告的公告
2025-06-13 10:16
证券代码:688522 证券简称:纳睿雷达 公告编号:2025-049 号 广东纳睿雷达科技股份有限公司 关于本次交易相关主体买卖股票情况自查报告的公告 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、准确性和完整性承担法律责任。 广东纳睿雷达科技股份有限公司(以下简称"纳睿雷达"、"公司"或"上市公司") 拟通过发行股份及支付现金的方式购买天津希格玛微电子技术有限公司的 100%股权 同时募集配套资金(以下简称"本次交易")。 根据《上市公司重大资产重组管理办法》《公开发行证券的公司信息披露内容与 格式准则第 26 号——上市公司重大资产重组》《上市公司监管指引第 5 号——上市公 司内幕信息知情人登记管理制度》等法律、法规及规范性文件的有关规定,公司对本 次交易相关的内幕信息知情人买卖公司股票情况进行了自查,具体情况如下: 一、本次交易的内幕信息知情人自查期间 本次交易的内幕信息知情人买卖股票情况核查期间(简称"核查期间"或"自查 期间")为本次交易申请股票停牌前六个月(2024 年 7 月 8 日)至《广东纳睿雷达科 技股份有限公司发行股份及支付现金 ...
纳睿雷达: 广东纳睿雷达科技股份有限公司2025年第一次临时股东大会会议资料
Zheng Quan Zhi Xing· 2025-06-06 09:09
Core Viewpoint - Guangdong Narui Radar Technology Co., Ltd. is convening its first extraordinary general meeting of shareholders in 2025 to discuss the issuance of shares and cash payment for asset acquisition, along with related fundraising, in compliance with relevant laws and regulations [1][9][31]. Group 1: Meeting Procedures and Regulations - The meeting will ensure the orderly conduct and efficiency of discussions, requiring attendees to verify their identities before entry [2][3]. - Only authorized personnel, including shareholders, directors, and invited guests, will be allowed to attend the meeting [2][3]. - Attendees will have the right to speak, inquire, and vote on the proposals presented during the meeting [2][3][4]. Group 2: Proposals for Shareholder Approval - Proposal 1 involves the issuance of shares and cash payment for the acquisition of 100% equity in Tianjin Sigma Microelectronics Technology Co., Ltd., with a total transaction price of 370 million yuan, split equally between cash and shares [8][11][29]. - Proposal 2 outlines the compliance of the transaction with the relevant regulations governing major asset restructuring and securities issuance [31][32]. - Proposal 3 states that the transaction does not constitute a related party transaction, as the counterparties do not have prior relationships with the company [27][29]. Group 3: Financial and Performance Commitments - The performance commitment period for the acquired company is set for 2025 to 2027, with a cumulative net profit target of no less than 78 million yuan [13][14]. - If the performance targets are not met, the counterparties are obligated to compensate the company, primarily through share transfers [15][17]. - The transaction's pricing is based on a valuation of 370.6 million yuan for the acquired assets, with the share issuance price set at 42.93 yuan per share [19][22]. Group 4: Fundraising and Share Issuance - The company plans to raise additional funds through the issuance of shares to specific investors, with the funds intended to cover the cash portion of the acquisition [24][29]. - The fundraising will be conducted through an inquiry-based issuance method, with the final pricing determined post-approval from regulatory bodies [22][24]. - The shares issued will be subject to a lock-up period of six months post-issuance for the investors [24][25].
纳睿雷达(688522) - 广东纳睿雷达科技股份有限公司2025年第一次临时股东大会会议资料
2025-06-06 09:00
广东纳睿雷达科技股份有限公司 2025 年第一次临时股东大会会议资料 证券代码:688522 证券简称:纳睿雷达 广东纳睿雷达科技股份有限公司 2025 年第一次临时股东大会会议资料 二〇二五年六月十六日 1 广东纳睿雷达科技股份有限公司 2025 年第一次临时股东大会会议资料 2025 年第一次临时股东大会会议资料目录 | 2025 年第一次临时股东大会会议须知 4 | | --- | | 2025 年第一次临时股东大会会议议程 6 | | 议案一:关于《公司本次发行股份及支付现金购买资产并募集配套资金符合相关法律法规规定条 | | 件》的议案 10 | | 议案二:关于《公司本次发行股份及支付现金购买资产并募集配套资金方案》的议案 12 | | 议案三:关于《本次交易不构成关联交易》的议案 21 | | 议案四:关于《本次交易不构成重大资产重组且不构成重组上市》的议案 22 | | 议案五:关于《公司发行股份及支付现金购买资产并募集配套资金报告书(草案)及其摘要》的 | | 议案 23 | | 议案六:关于《本次交易符合<上市公司重大资产重组管理办法>第十一条、第四十三条和第四十 | | 四条规定》的议案 ...
纳睿雷达溢价421%收购背后:标的公司6名投资者先后减资或退出 是否满足科创属性要求待考
Xin Lang Zheng Quan· 2025-06-06 07:38
Core Viewpoint - Nairui Radar is advancing its acquisition of Tianjin Sigma Microelectronics, planning to pay a total of 370 million yuan, with a significant premium of 421.4% over the assessed value of the target company [1][5][6]. Financial Position - As of the end of 2024, Nairui Radar has a total of 16.24 billion yuan in broad monetary funds, with a negligible debt level, resulting in an asset-liability ratio of only 8.62% [3][4]. - The company raised 1.8 billion yuan in its IPO in 2023, with an excess of 686 million yuan, and has 11.39 billion yuan in idle funds for financial management [2][4]. Acquisition Details - The acquisition of Tianjin Sigma will be executed through a combination of share issuance and cash payment, with each component valued at 185 million yuan [2]. - The target company, Tianjin Sigma, specializes in the research, design, and sales of integrated circuits, including optical sensors and MCU chips [2][5]. Performance Metrics - Tianjin Sigma's net profit for 2024 was only 10.35 million yuan, significantly below the performance commitments made to Nairui Radar, which require a minimum of 22 million yuan in 2025 [7][12]. - The company reported a revenue of 1.02 billion yuan in 2023 and 1.23 billion yuan in 2024, with a growth rate of 20.6% in 2024 [12]. Compliance with Sci-Tech Board Requirements - Nairui Radar's acquisition must meet the Sci-Tech Board's requirements, which include having a certain number of patents and revenue growth metrics [8][11]. - Tianjin Sigma has only 6 patents, falling short of the requirement for 7, and its revenue does not meet the threshold of 300 million yuan [11][14]. Strategic Rationale - The acquisition aims to enhance Nairui Radar's technological capabilities in radar systems by integrating Tianjin Sigma's chip technology, potentially improving competitive advantage in the market [6][14].
纳睿雷达拟3.7亿元收购MCU企业天津希格玛100%股权
Ju Chao Zi Xun· 2025-06-04 15:11
Core Viewpoint - Narui Radar plans to acquire 100% equity of Tianjin Sigma Microelectronics for 370 million yuan, with a significant premium on the valuation based on the earnings method, indicating a strategic move to enhance its core radar technology capabilities [1][2]. Group 1: Acquisition Details - The acquisition price is set at 370 million yuan, with 50% (185 million yuan) to be paid in shares at an issuance price of 42.93 yuan per share, resulting in the issuance of 4.31 million shares [1]. - The assessed value of Tianjin Sigma's 100% equity is 371 million yuan, with an appraisal premium rate of 421.40% [1]. - The average price-to-earnings ratio for Tianjin Sigma's performance commitment is 14.23 times, significantly lower than the average of 69.62 times for comparable companies in the semiconductor MCU chip sector [1]. Group 2: Company Background and Strategic Intent - Narui Radar specializes in full-polarization active phased array radar technology and has been a pioneer in the industrialization of dual-polarization radar systems [1]. - The acquisition aims to vertically integrate the supply chain around Narui Radar's core business, enhancing the company's technological competitiveness and enabling a shift from component-level integration to chip-level collaboration [2]. - The integration of Tianjin Sigma's technology and resources is expected to improve the efficiency of next-generation high-performance radar development, responding to market demands [2]. Group 3: Financial Performance and Commitments - Tianjin Sigma is projected to achieve revenues of 102 million yuan and 123 million yuan in 2023 and 2024, respectively, with net profits of 4.22 million yuan and 12.39 million yuan [2]. - The acquisition includes a performance guarantee, with net profit commitments of no less than 22 million yuan, 25 million yuan, and 31 million yuan for the years 2025, 2026, and 2027, respectively, totaling a minimum of 78 million yuan over three years [2]. - The expected net profit growth for 2025 compared to 2024 is approximately 78% [2]. Group 4: Market Concerns - There are concerns regarding the feasibility of the performance commitments in the context of increasing competition in the global semiconductor industry and the rising number of domestic design firms [3]. - If performance targets are not met, Narui Radar may face a goodwill impairment risk of 253 million yuan [3]. - Notably, several shareholders of Tianjin Sigma are exiting prior to the acquisition, including those associated with iFlytek, raising questions about the transaction's stability [3].
科创板资金动向:5股主力资金净流入超5000万元
Key Points - The main point of the news is the net inflow of capital in the Shanghai and Shenzhen stock markets, with a total of 1.074 billion yuan, indicating a positive sentiment among investors [1] - In the Sci-Tech Innovation Board, there was a net inflow of 145 million yuan, with 281 stocks experiencing net inflows and 304 stocks facing net outflows [1] - The top three stocks with the highest net inflow of capital were Cambrian Technology (34.874 million yuan), SMIC (8.020 million yuan), and Green Harmony (7.596 million yuan) [2] - The stock with the highest net outflow was Lanqi Technology, which saw a net outflow of 15.6 million yuan [1] - A total of 52 stocks experienced continuous net inflows for more than three trading days, with BeiGene leading at 13 consecutive days [2] - Conversely, 108 stocks had continuous net outflows, with Science and Technology leading at 13 consecutive days [2] Capital Flow Analysis - The total net inflow of capital in the market was 1.074 billion yuan, with the Sci-Tech Innovation Board contributing 145 million yuan [1] - Among the stocks with significant net inflows, Cambrian Technology led with 34.874 million yuan, followed by SMIC and Green Harmony [2] - The stocks with the highest net outflows included Lanqi Technology, which had a net outflow of 15.6 million yuan, and others like Zhong Unmanned Aerial Vehicle and Zejing Pharmaceutical [1] Continuous Capital Flow - 52 stocks had continuous net inflows for over three trading days, with BeiGene at the forefront with 13 days [2] - 108 stocks experienced continuous net outflows, with Science and Technology also at 13 days [2]
纳睿雷达推3.7亿重组纵向补链 聚焦主业首季新签合同增2.5倍
Chang Jiang Shang Bao· 2025-06-03 23:37
Core Viewpoint - Narui Radar (688522.SH) is advancing its first asset restructuring post-IPO by acquiring 100% equity of Tianjin Sigma Microelectronics for approximately 370 million yuan, aiming to enhance its core business in phased array radar technology and improve its competitive edge through vertical integration [2][3]. Group 1: Transaction Details - The acquisition price for Tianjin Sigma's 100% equity is set at 370 million yuan, with a valuation increase of 421.4% [3]. - Narui Radar plans to raise up to 185 million yuan from no more than 35 specific investors to fund the cash portion of the transaction [3]. - The deal is expected to extend Narui Radar's industrial chain and further enhance its competitiveness [3]. Group 2: Financial Performance - In Q1 2025, Narui Radar reported revenue of 58.19 million yuan, a year-on-year increase of 84.8%, and a net profit of 21.67 million yuan, up 412.7% [2][8]. - For 2024, Narui Radar achieved revenue of 345 million yuan, a 62.49% increase, and a net profit of 76.61 million yuan, growing by 21.03% [8]. - The company has signed contracts worth approximately 112 million yuan in Q1 2025, reflecting a year-on-year growth of 249.63% [9]. Group 3: Tianjin Sigma's Performance and Commitments - Tianjin Sigma is projected to achieve revenues of 102 million yuan and 123 million yuan in 2023 and 2024, respectively, with net profits of 4.22 million yuan and 12.39 million yuan [6]. - The restructuring includes performance commitments for Tianjin Sigma, ensuring a cumulative net profit of no less than 78 million yuan from 2025 to 2027 [7]. - The company has a strong focus on integrated circuit design, with significant sales to its top five customers accounting for 44% and 46.92% of revenue in 2023 and 2024, respectively [5].