证券代码：688536 证券简称：思瑞浦 公告编号：2025-056 转债代码：118500 转债简称：思瑞定转 思瑞浦微电子科技（苏州）股份有限公司 二、募集资金存放与管理情况 关于注销部分募集资金专户的公告 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。 一、募集资金基本情况 （一）首次公开发行股票募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意思瑞浦微电子科技（苏州）股份有限公司首次公开发行 股票注册的批复》（证监许可[2020]1824号）以及上海证券交易所出具的《关于思瑞浦微电子科技（苏 州）股份有限公司人民币普通股股票科创板上市交易的通知》（[2020]317号），思瑞浦微电子科技 （苏州）股份有限公司（以下简称"公司"）首次公开发行人民币普通股（A股）股票20,000,000股，每 股发行价格115.71元，募集资金总额为231,420.00万元，扣除承销保荐费用（含增值税）后，实际收到 募集资金215,229.86万元。前述募集资金到位情况已经普华永道中天会计师事务所（特殊普通合伙）审 验，并于 ...

| 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-056 | | --- | --- | --- | | 转债代码：118500 | 转债简称：思瑞定转 | | 思瑞浦微电子科技（苏州）股份有限公司 关于注销部分募集资金专户的公告 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。 一、募集资金基本情况 （一）首次公开发行股票募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意思瑞浦微电子科技（苏州） 股份有限公司首次公开发行股票注册的批复》（证监许可[2020]1824 号）以及上 海证券交易所出具的《关于思瑞浦微电子科技（苏州）股份有限公司人民币普通 股股票科创板上市交易的通知》（[2020]317 号），思瑞浦微电子科技（苏州）股 份有限公司（以下简称"公司"）首次公开发行人民币普通股（A 股）股票 20,000,000 股，每股发行价格 115.71 元，募集资金总额为 231,420.00 万元，扣除承销保荐 费用（含增值税）后，实际收到募集资金 215,229.86 万元。前述募集资 ...

中证报中证网讯(王珞)2025年9月21日是思瑞浦在上交所科创板上市五周年。自2020年登陆科创板以 来，思瑞浦走过了一段并不平坦却意义非凡的五年历程。半导体行业周期震荡起伏，市场需求亦几度更 迭。面对外部压力，公司并未选择退缩，而是以长期主义的创业精神和"成长为模拟平台化公司"的理念 为指引，持续加大研发投入，积极推进市场开拓，不断夯实自身核心竞争力。 在周期起伏中展现韧性 2020年至2022年，思瑞浦营业收入从5.66亿元增长至17.83亿元，实现跨越式增长。然而2023年，受行业 低谷影响，公司全年营收回落至10.93亿元，且一度出现亏损。正是在这一艰难时期，思瑞浦选择逆周 期加码研发——2023年研发费用仍高达5.54亿元，占营收比重超50%。这份战略定力，助力公司在2025 年迎来业绩反弹：上半年收入恢复至9.50亿元，归母净利润达0.66亿元，盈利能力重新回升。这样的发 展轨迹背后，是企业"穿越周期"的成长韧性。与其说这是一次财务数据的短期波动，不如说是对企业管 理能力与战略眼光的全面考验。 研发与管理"双轮驱动" 值得关注的是，思瑞浦的发展不仅局限于产品层面的扩展，更在产业链能力建设上实现关键 ...

Core Viewpoint - The article highlights the transformation of the company over five years since its listing, emphasizing its shift from a focus on wireless communication signal chain chip design to a diversified growth strategy across multiple sectors, including industrial, automotive, communication, and consumer markets [2][3]. Group 1: Company Growth and Performance - The company has experienced significant growth, achieving a revenue of 949 million yuan in the first half of 2025, representing a substantial year-on-year increase of 87.33%, and a net profit of 65.69 million yuan, marking a successful turnaround from losses [3][4]. - The company has built a diversified business structure, focusing on four key areas: industrial, automotive, communication, and consumer markets, which has allowed it to mitigate the impacts of industry cycles [3][5]. Group 2: Research and Development Achievements - The company has developed over 3,000 marketable product models, with significant revenue growth in the industrial sector, particularly in new energy and power grid applications, and has served over 6,000 industrial clients [5][6]. - In the automotive sector, the company has established deep collaborations with multiple Tier 1 manufacturers and automotive companies, launching over 90 new products and achieving significant revenue from more than 20 automotive clients [6]. Group 3: Strategic Direction and Management - The company aims to clarify its strategic goals and enhance management measures, focusing on high-growth targets and increasing R&D investments in key areas while implementing refined management practices [4][8]. - The company has expanded its global presence by establishing localized sales and technical support teams in countries such as Singapore, Germany, the United States, South Korea, and Japan, enhancing its international market reach [7][8]. Group 4: Talent and Organizational Development - The company has seen a significant increase in its workforce, reaching 830 employees with an average age of 33, and over 60% of the team being in R&D, fostering a young and professional talent pool [8]. - The acquisition of Shenzhen Chuangxin Micro has not only achieved business synergy but also provided valuable experience for future external growth opportunities [8].

Core Viewpoint - The article highlights the transformation journey of the company since its listing on the STAR Market five years ago, emphasizing its strategic shift from a focus on wireless communication to a diversified market presence across automotive, industrial, and consumer sectors [1][2]. Market Layout - The company has evolved from a single-focused signal chain chip design firm to a diversified player with a comprehensive market layout in automotive, general communication, industrial, and consumer markets [1][2]. - The company has established a platform-based development approach, enabling it to expand its product and market layout through both organic growth and acquisitions [2][3]. Product Development - The company has strengthened its product system, launching over 3,000 mass-produced products, including new signal chain products for various markets and expanding its power management product line [3]. - The company emphasizes the importance of external growth through acquisitions, such as the purchase of Shenzhen Chuangxin Micro in October 2024, which has facilitated business synergy and experience in external development [3][5]. Capital Market Impact - The company has benefited from its listing on the STAR Market, which has provided significant funding and enhanced its strategic layout, technology development, market expansion, and brand building [4][5]. - The company has seen a more than threefold increase in R&D expenses since its IPO, with a compound annual growth rate of over 47% in R&D spending [5]. Financial Performance - After two consecutive years of net losses in 2023 and 2024, the company achieved a net profit of 65.69 million yuan in the first half of 2025, indicating a turnaround in profitability [6]. - The company has experienced significant growth in overall shipment volume and revenue, driven by demand recovery in various markets, including automotive and AI servers [6]. Future Outlook - The company aims to continue its high growth trajectory, with plans to increase R&D investment and maintain efficient management practices [7]. - The company is optimistic about achieving its performance targets, supported by a balanced market layout and positive trends in its business operations [7].

Core Viewpoint - The article highlights China's initiation of an anti-dumping investigation into imported analog chips from the U.S., marking a significant escalation in the ongoing semiconductor trade tensions between the two countries. This investigation focuses on specific analog chip categories, indicating that the chip conflict is expanding beyond high-end GPUs and advanced process logic chips to include analog chips as well [2][3][20]. Group 1: Investigation Details - The Ministry of Commerce announced the investigation on September 13, 2025, based on a request from the Jiangsu Semiconductor Industry Association, targeting analog chips from four major U.S. companies: Broadcom, Texas Instruments (TI), Onsemi, and Analog Devices (ADI) [2][3]. - The investigation will cover the period from January 1, 2024, to December 31, 2024, with a damage investigation period from January 1, 2022, to December 31, 2024, and is expected to conclude by September 13, 2026, unless extended [7]. Group 2: Market Context - The global analog chip market is projected to reach $79.433 billion in 2024, with China accounting for approximately $28 billion (around 200 billion RMB), representing nearly one-third of the global market [3]. - The share of the investigated products in China's total imports of similar products has been increasing, with proportions of 47.81%, 53.06%, and 62.14% from 2022 to 2024, indicating a growing reliance on these imports [4]. Group 3: Price Trends and Impact - The average price of the investigated products has been declining significantly, from 3.36 RMB per unit in 2022 to 1.62 RMB per unit in 2024, a cumulative decrease of 51.77% [5]. - Domestic analog chip manufacturers have been forced to lower their prices in response, with their weighted average prices dropping by 27.38% from 2022 to 2024 [5][6]. Group 4: Financial Health of Domestic Manufacturers - Domestic manufacturers are experiencing financial strain, with pre-tax profits declining and some companies entering a state of severe losses, which increased by 7.05% in 2024 compared to 2023 [6]. - The labor productivity has decreased by 27.41%, and the inventory levels have risen by 21.39% from 2022 to 2024, indicating operational challenges [6]. Group 5: Reactions from U.S. Companies - Following the announcement of the investigation, stock prices of major U.S. analog chip companies fell, with TI down 3.1%, Onsemi down 2%, and ADI down 3% on September 15 [8][10]. - TI, being a major player in the analog chip market, is particularly vulnerable as approximately 20% of its revenue comes from customers based in China, which could face increased costs if trade measures are implemented [10]. Group 6: Opportunities for Domestic Firms - The anti-dumping investigation presents a unique opportunity for domestic analog chip manufacturers to capture market share, especially in the context of growing demand in sectors like electric vehicles and industrial control [12][14]. - Companies like 圣邦股份 (Sankang Micro), 纳芯微 (Naxin Micro), and 思瑞浦 (Sirius) have shown significant revenue growth and are well-positioned to benefit from potential shifts in the market dynamics [16][17][18].

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。 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）于近日收到保荐机构国泰海通证券股份有 限公司（以下简称"国泰海通证券"）《关于更换思瑞浦微电子科技（苏州）股份有限公司持续督导保荐 代表人的函》。国泰海通证券为公司向特定对象发行股票项目的保荐机构，原指定邓欣女士、何可人先 生为保荐代表人，履行持续督导职责，持续督导期限至2025年12月31日。 鉴于邓欣女士工作变动，无法继续从事对公司的持续督导工作，其后续工作由国泰海通证券指定保荐代 表人陈启明先生（简历详见附件）接替，继续履行持续督导职责。 本次保荐代表人更换后，公司向特定对象发行股票项目持续督导保荐代表人为陈启明先生、何可人先 生。 特此公告。 思瑞浦微电子科技（苏州）股份有限公司董事会 2025年9月20日 陈启明，现任职于国泰海通证券股份有限公司，保荐代表人。现任投资银行部TMT行业一部董事，曾 主持或参与芯原股份再融资、华虹公司科创板IPO、裕太微科创板IPO、创耀科技科创板IPO、思瑞浦科 创板IPO、永冠 ...

Core Viewpoint - The Chinese Ministry of Commerce has initiated an anti-dumping investigation against imported analog chips from the United States, which has led to a surge in stock prices for domestic analog chip companies [2][3][4]. Group 1: Anti-Dumping Investigation Details - The investigation targets analog chips using 40nm and above process technology, specifically general interface chips and gate driver chips from major US companies including Texas Instruments, Analog Devices, Broadcom, and ON Semiconductor [2][4]. - The application for the investigation was submitted by the Jiangsu Semiconductor Industry Association, citing a 37% increase in import volume and a 52% decrease in import prices from 2022 to 2024, which harmed domestic sales [3][4]. - The investigation period for dumping is set from January 1, 2024, to December 31, 2024, while the period for assessing industry damage is from January 1, 2022, to December 31, 2024 [4]. Group 2: Market Impact and Reactions - Following the announcement, domestic analog chip stocks saw significant gains, with leading companies like Shengbang Co. and Shanghai Beiling hitting their daily price limits [3][4]. - Market observers note that the investigation reflects both the impact of dumping on domestic industries and the growing supply capabilities of local companies [3][4]. - The anti-dumping measures are expected to create a fairer market environment for domestic chips and may accelerate the replacement of imported products [6][7]. Group 3: Industry Context and Trends - China is the largest market for analog chips, with a market size exceeding $28 billion, accounting for about one-third of the global market [5]. - The analog chip sector has been experiencing a price war due to low-priced imports, which has pressured domestic manufacturers [5][6]. - The domestic analog chip industry has seen significant growth, with many companies reporting substantial increases in revenue and profit margins in recent quarters [9][10]. Group 4: Future Outlook - If the investigation confirms substantial dumping, high anti-dumping duties may be imposed on US imports, potentially benefiting domestic manufacturers [7][8]. - The domestic analog chip market is expected to continue evolving, with companies focusing on expanding product lines and improving performance to compete effectively [10][11].

Group 1 - The company, SIRUI, announced that Guotai Junan Securities will act as the sponsor for its stock issuance project to specific targets [2] - The originally designated representatives, Deng Xin and He Keren, will be replaced by Chen Qiming due to Deng Xin's job change [2] - The continuous supervision period is set to last until December 31, 2025 [2]

本次保荐代表人更换后，公司向特定对象发行股票项目持续督导保荐代表人 为陈启明先生、何可人先生。 | 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-055 | | --- | --- | --- | | 转债代码：118500 | 转债简称：思瑞定转 | | 思瑞浦微电子科技（苏州）股份有限公司 关于更换持续督导保荐代表人的公告 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。 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）于近日收到 保荐机构国泰海通证券股份有限公司（以下简称"国泰海通证券"）《关于更换 思瑞浦微电子科技（苏州）股份有限公司持续督导保荐代表人的函》。国泰海通 证券为公司向特定对象发行股票项目的保荐机构，原指定邓欣女士、何可人先生 为保荐代表人，履行持续督导职责，持续督导期限至2025年12月31日。 鉴于邓欣女士工作变动，无法继续从事对公司的持续督导工作，其后续工作 由国泰海通证券指定保荐代表人陈启明先生（简历详见附件）接替，继续履行持 续督导职责。 特此公告。 思瑞浦微电子 ...