国浩律师（上海）事务所 关 于 思瑞浦微电子科技（苏州）股份有限公司 发行可转换公司债券及支付现金购买资产 并募集配套资金 之 募集配套资金向特定对象发行股票 发行过程和认购对象合规性的 法律意见书 上海市静安区山西北路 99 号苏河湾中心 MT 25-28 层 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5234 1670 网址/Website: http://www.grandall.com.cn 二零二五年七月 | 释 | 义 | 2 | | --- | --- | --- | | 第一节 | 引言 | 5 | | 第二节 | 正文 | 6 | | | 一、本次发行的批准与授权 | 6 | | | 二、本次发行的发行过程和发行结果 | 7 | | | 三、本次发行认购对象的合规性 | 12 | | | 四、结论意见 | 14 | 国浩律师（上海）事务所 法律意见书 释 义 除非另有说明，本法律意 ...

RSM 容诚 验资报告 中国 北京 您可使用手机"扫一扫"或进入"注册竞手证明这审计报告是否由具有执业许可的会计师事务所出具 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://xcc.mof.gov.cn）"进行查询 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | | 验资报告 | 1-3 | | 2 | 新增注册资本实收情况明细表 | | | 3 | 注册资本及股本变更前后对照表 | 2 | | 4 | 验资事项说明 | 3-4 | 思瑞浦微电子科技（苏州）股份有限公司 容诚验字[2025]518Z0093 号 容诚会 容诚会计师事务所(特殊普通合伙) . 资 报 告 品 容诚验字[2025]518Z0093 号 思瑞浦微电子科技(苏州)股份有限公司: 我们接受委托,审验了贵公司截至 2025年7月29日 14:00 时止新增注册资 本及股本情况。按照法律法规以及协议、章程的要求出资,提供真实、合法、完整 的验资资料,保护资产的安全、完整是全体股东及贵公司的责任。我们的责任是对 贵公司新增注册资本及股本情况发表审验意见。我们的审验是依据《中国注册会计 ...

一、向特定对象发行股票募集配套资金基本情况 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"或"上市公司"） 以发行可转换公司债券及支付现金的方式购买深圳市创芯微微电子有限公司 100%股权并募集配套资金（以下简称"本次交易"）。中国证券监督管理委员会 出具《关于同意思瑞浦微电子科技（苏州）股份有限公司发行可转换公司债券购 买资产并募集配套资金注册的批复》（证监许可〔2024〕1287号），同意公司发 行可转换公司债券及支付现金购买资产并向特定对象发行股票募集配套资金。截 至2025年7月29日止，公司已向特定对象发行人民币普通股（A股）3,047,535股， 募集资金总额为人民币383,379,903.00元，扣除券商整体交易的承销费用合计 21,509,433.96元，公司实际到账募集资金361,870,469.04元，上述募集资金已于 2025年7月29日全部到位，容诚会计师事务所（特殊普通合伙）对本次募集资金 到位情况进行了审验，并出具了容诚验字[2025]518Z0093号验资报告。公司本次 股票发行的发行费用为11,581,862.29元（此处为不含税金额，包括承销费 10,754,716. ...

思瑞浦微电子科技（苏州）股份有限公司 关于发行可转换公司债券及支付现金购买资产 并募集配套资金向特定对象发行股票 发行情况的提示性公告 | 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-043 | | --- | --- | --- | | 转债代码：118500 | 转债简称：思瑞定转 | | 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"）发行可转换 公司债券及支付现金购买资产并募集配套资金向特定对象发行股票（以下简称 "本次发行"）发行承销总结相关文件已经上海证券交易所备案通过，公司将尽 快办理本次发行新增股份的登记托管手续。 本次发行的具体情况详见公司同日在上海证券交易所网站（www.sse.com.cn） 披露的《思瑞浦微电子科技（苏州）股份有限公司发行可转换公司债券及支付现 金购买资产并募集配套资金向特定对象发行股票发行情况报告书》。 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 8 月 1 日 1 ...

Core Insights - The semiconductor industry is experiencing a significant demand increase driven by generative AI applications, leading to accelerated capacity expansion among global wafer manufacturers, with a projected 7% CAGR from 2024 to 2028, reaching 11.1 million wafers per month [6][7] - The global semiconductor sales in May 2025 reached $58.98 billion, marking a year-on-year growth of 19.8%, with China contributing $17.08 billion, a 13.0% increase [5][45] - Storage prices are on the rise, with DRAM and NAND Flash contract prices increasing, indicating a recovery trend in the storage sector [5][53] Industry Performance - The SW semiconductor index rose by 5.96% in June 2025, underperforming the electronic industry by 2.90 percentage points but outperforming the CSI 300 index by 3.46 percentage points [3][14] - The semiconductor sub-sectors showed varied performance, with integrated circuit packaging and testing (+9.24%) and discrete devices (+8.18%) leading the gains, while analog chip design (+3.88%) and semiconductor materials (+5.43%) lagged [3][14] Investment Strategy - The report recommends focusing on semiconductor manufacturing companies such as SMIC, Hua Hong Semiconductor, and Changdian Technology, as well as AI-related SoC companies like Aojie Technology and Lattice Semiconductor, due to the anticipated growth in AI-driven demand [6][7] - The storage sector is expected to benefit from increased capital expenditures from domestic cloud computing and internet companies, with a recommendation to pay attention to companies like Demingli and Jiangbolong [6][7] Company Analysis - Key companies in the semiconductor sector have been highlighted with their projected earnings and investment ratings, including Demingli, Shengbang Technology, and SMIC, with respective PE ratios indicating varying levels of valuation [8][25] - The top five semiconductor heavyweights in 1Q25 accounted for 52.8% of the total holdings, with a notable shift in the top positions, indicating changing market dynamics [42][44]

Key Points - The company has issued a total of 3,833,893 convertible bonds, with a total amount of 383,389,300 yuan, which remains unconverted as of June 30, 2025 [1][2][3] - The convertible bonds, named "思瑞定转," have a face value of 100.00 yuan each and an annual coupon rate of 0.01% [2] - The conversion period for the bonds is from April 25, 2025, to October 24, 2028, with an initial conversion price set at 158 yuan per share [2][3] - No adjustments to the conversion price have occurred to date [3] - The company's share capital structure remains unchanged, with no shares converted from the convertible bonds as of June 30, 2025 [3]

Core Insights - The article highlights the rapid development of the domestic analog chip industry in China, driven by the transition from a "demographic dividend" to an "engineer dividend" in the economy [1] - Texas Instruments (TI) has established itself as a leader in the analog chip market, with a significant market share following its acquisition of National Semiconductor [1] - The analog chip sector is characterized by high technical and talent barriers, making it a challenging field for new entrants [1][6] Group 1: Analog Chip Overview - Analog integrated circuits (ICs) are essential for processing continuous signals and are widely used across various industries, including consumer electronics, automotive, and 5G [2] - The analog chip market can be divided into application-specific standard products (ASSPs) and general-purpose chips, with ASSPs accounting for approximately 50% of the market [3] - The market for power management chips is larger than that for general signal chain chips, with power management chips crucial for voltage regulation in electronic devices [4] Group 2: Challenges in the Analog Chip Industry - The analog chip market is fragmented with a vast array of product types, making it difficult for new entrants to meet diverse customer needs [6] - The lengthy R&D cycle and significant talent barriers pose challenges for companies looking to innovate in the analog chip space [7] - Companies must develop core competencies in technology breakthroughs, product development, and international market strategies to succeed [7] Group 3: Domestic Advancements in Analog Chips - Chinese companies have made significant strides in the analog chip sector, particularly in the ADC (Analog-to-Digital Converter) market, which has been dominated by TI and ADI [8][9] - Domestic firms like Xinwei Microelectronics and HiSilicon have launched competitive ADC products, narrowing the gap with international leaders [8][9] - The establishment of collaborative platforms and laboratories is further promoting the development of domestic analog chip technology [9] Group 4: Mergers and Acquisitions in the Industry - Domestic analog chip companies are pursuing mergers and acquisitions to enhance product lines and market presence [10][11] - Recent acquisitions, such as those by Sireen and Naxin Micro, indicate a trend towards platform-based strategies in the industry [11][12] - The consolidation of smaller firms through M&A is seen as a viable path for growth and competitiveness in the analog chip market [13]

| 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-042 | | --- | --- | --- | | 转债代码：118500 | 转债简称：思瑞定转 | | 关于定向可转换公司债券转股结果暨股份变动的公告 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。 重要内容提示： ●累计转股情况：思瑞浦微电子科技（苏州）股份有限公司（以下简称"公 司"）定向可转债"思瑞定转"自 2025 年 4 月 25 日起转股。截至 2025 年 6 月 30 日，定向可转债"思瑞定转"累计转股金额 0 元，累计因转股形成的股份数 量为 0 股。 ●未转股可转债情况：截至 2025 年 6 月 30 日，尚未转股的"思瑞定转"金 额为 383,389,300 元（3,833,893 张），占可转债发行总额的比例为 100%。 ●本季度转股情况：2025 年第二季度，公司定向可转债"思瑞定转"未发 生转股情况。 一、可转债发行登记概况 思瑞浦微电子科技（苏州）股份有限公司 （一）证监会核准 2024 年 9 月 12 日 ...

Investment Rating - The report maintains a "Buy" recommendation for the analog chip industry, indicating a positive outlook for growth and investment opportunities [1]. Core Insights - The analog chip industry is experiencing a recovery in demand, driven by the end of inventory destocking and a resurgence in applications across automotive, industrial automation, and data centers. The market is expected to grow by 6.7% year-on-year in 2025, reaching a size of $84.34 billion [4][6]. - The industry is characterized by high technical barriers and a wide range of applications, with a significant portion of the market still dominated by overseas companies. However, domestic companies are expected to benefit from accelerated localization efforts and mergers and acquisitions [5][6]. - The report highlights the importance of mergers and acquisitions as a key strategy for growth in the analog chip sector, with domestic firms entering a phase of platform integration to enhance competitiveness [6][7]. Summary by Sections Section 1: Overview of the Analog Chip Industry - Analog chips serve as a bridge between the physical and digital worlds, featuring a long product lifecycle and high customization [11]. - The global analog chip market share has remained stable at around 19% of the integrated circuit market, with a projected market size of approximately $81.23 billion in 2023 [11][19]. Section 2: Demand Recovery and Growth Potential - The analog chip market is expected to recover from a downturn, with a projected growth of 6.7% in 2025, driven by structural demand from sectors like automotive and industrial automation [6][39]. - The report identifies key growth drivers, including the increasing penetration of electric vehicles and advancements in AI applications, which are expected to boost demand for high-performance analog chips [6][61]. Section 3: Domestic Replacement and Market Opportunities - The report notes that the domestic market is still largely dominated by foreign companies, but there is significant room for domestic firms to increase their market share through localization and innovation [6][39]. - The domestic analog chip self-sufficiency rate is projected to rise from 9% in 2019 to over 16% by 2024, indicating a positive trend towards local production [6][38]. Section 4: Key Investment Targets - The report suggests focusing on specific companies such as Naxin Microelectronics, Shengbang Co., Si Rui Pu, and Jiehuate, which are well-positioned to benefit from the industry's growth and localization trends [7][39].

Group 1 - The core point of the report is the issuance of convertible bonds by 3PEAK Incorporated to specific investors, approved by the China Securities Regulatory Commission, allowing the company to raise funds for asset acquisition [2][3]. - The total number of convertible bonds issued is 3,833,893, with a face value of 158 yuan per share as the initial conversion price [2][16]. - The company achieved a revenue of 1.22 billion yuan in 2024, representing a year-on-year growth of 11.52%, despite facing challenges such as increased R&D and sales expenses [9][12]. Group 2 - The company reported a net loss attributable to shareholders of 197.21 million yuan in 2024, compared to a loss of 34.71 million yuan in the previous year [12][13]. - The gross profit margin for the company in 2024 was 48.19%, a decrease of 3.59 percentage points from the previous year [9][10]. - The company completed the acquisition of 100% equity in Chuangxinwei in October 2024, which is expected to enhance its market position [9][14]. Group 3 - The company’s total assets reached 62.01 billion yuan by the end of 2024, an increase of 4.96% compared to the previous year [10][12]. - The company’s cash and cash equivalents, along with financial assets, amounted to approximately 3.69 billion yuan [10]. - The company operates in the integrated circuit design industry, focusing on the research, development, and sales of analog integrated circuit products [10][12].