影响股市利好与利空消息 宏观新闻 1、中共中央政治局委员、国务院副总理何立峰12月9日下午在京会见美国科恩集团高级顾问艾伦。何立 峰表示，中美应不断拉长合作清单，为两国经贸关系打开新的合作空间。 2、日本媒体报道称，由于北京和东京之间的外交争端，中国向日本出口稀土出现延误。外交部发言人 郭嘉昆对此表示，中方主管部门已经多次介绍了稀土相关物项出口管制的工作情况，中方正在依法依规 处理有关问题。 3、美国总统特朗普称将批准向中国出售英伟达H200人工智能芯片，外交部发言人郭嘉昆在昨日主持的 例行记者会上表示，我们注意到有关报道，中方一贯主张中美通过合作实现互利共赢。 4、白宫国家经济委员会主任凯文·哈塞特表示，美联储有"大量降息空间"。当采访者问其这是否意味着 超过25个基点时，哈塞特回答说："没错"。 5、乌克兰总统泽连斯基当地时间12月9日称，已就举行选举做好准备，同时请求美国及欧洲伙伴协助保 障选举安全，乌克兰可在未来60至90天内完成选举相关筹备工作。 行业新闻 1、昨日有消息称"多晶硅平台公司注册"，公司名称为北京光和谦成科技有限责任公司，注册资本30 亿，成立日期为2025年12月9日，公司住所在北京 ...

Core Viewpoint - Sirepu has decided to terminate its major asset restructuring plan to acquire shares of Ningbo Aura Semiconductor Co., Ltd. and will resume trading on December 10 [2][4]. Group 1: Termination of Restructuring - The company announced that the conditions for implementing the major asset restructuring are not fully mature, leading to the decision to terminate the plan after careful consideration and consensus with all parties involved [4]. - On November 25, Sirepu signed a share acquisition intention agreement with nine major shareholders of Aura, who collectively hold 86.12% of Aura's shares [4][5]. - The transaction was still in the planning stage, with no formal agreements signed and no proposals submitted for board or shareholder approval [5]. Group 2: Impact on Business Operations - The termination of the restructuring will not adversely affect the company's business operations, production activities, or financial status [6]. - Sirepu plans to explore various business cooperation opportunities with Aura in the future under suitable conditions [6]. Group 3: Company Background - Sirepu, listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board since September 21, 2020, specializes in the research and sales of analog and mixed-signal products, covering applications in industrial, new energy, automotive, communication, consumer electronics, and healthcare sectors [6]. - Aura focuses on the research and development of high-performance, high-quality, and highly reliable integrated circuit products, including clock analog chips, power management analog chips, RF analog chips, MEMS sensors, and water meter sensors [6].

Core Viewpoint - Srypu has decided to terminate its major asset restructuring plan to acquire shares of Ningbo Aura Semiconductor Co., Ltd. and will resume trading on December 10 [2][4]. Group 1: Termination of Restructuring - The company announced that the conditions for implementing the major asset restructuring are not fully mature, leading to the decision to terminate the plan after careful consideration and consensus among the parties involved [7]. - The agreement for the acquisition involved nine major shareholders of Aura, who collectively hold 86.12% of the company's shares [8]. Group 2: Impact and Future Plans - The termination of the restructuring will not adversely affect the company's business operations or financial status, and the company will explore various business cooperation opportunities with Aura in the future [10]. - Srypu aims to enhance its capabilities in system-level solutions for data centers, AI servers, and 5G communications through potential collaborations with Aura, particularly in the AI sector [10].

Core Viewpoint - Srypu has decided to terminate the major asset restructuring plan to acquire shares of Ningbo Aura Semiconductor Co., Ltd. and will resume trading on December 10 [2][5]. Group 1: Termination of Restructuring - The termination is based on the assessment that the conditions for implementing the major asset restructuring are not fully mature [9]. - The agreement for the acquisition involved nine major shareholders of Aura, who collectively hold 86.12% of the company's shares [9][10]. - The transaction was still in the planning stage, and no formal agreements had been signed, meaning no breach of contract responsibilities will arise from the termination [10]. Group 2: Impact on Business - The termination of the restructuring will not adversely affect Srypu's business operations or financial status [12]. - The company remains open to exploring various business cooperation opportunities with Aura in the future under suitable conditions [12]. Group 3: Company Background - Aura specializes in the research and development of high-performance integrated circuit products, including clock analog chips and power management analog chips [13]. - Srypu, listed on the Sci-Tech Innovation Board since September 21, 2020, focuses on the design and sale of analog and mixed-signal products, serving various sectors such as industrial, new energy, automotive, communication, consumer electronics, and healthcare [13].

Group 1: Company Announcements - Haiguang Information and Zhongke Shuguang have agreed to terminate the proposed share-swap merger transaction, with an investor briefing scheduled for December 10 [4][5] - Lain Bio is planning a change of control, issuing shares, and cash payment for asset acquisition, leading to a stock suspension starting December 10 [5][6] - SIRUI has decided to terminate the major asset restructuring plan involving the acquisition of shares in Ningbo Aola Semiconductor, with stock resuming trading on December 10 [5][6] Group 2: Financial Data and Corporate Actions - Haiguang Information plans to distribute a cash dividend of 0.9 yuan per 10 shares, totaling 2.09 billion yuan, while Zhongke Shuguang will distribute 0.7 yuan per 10 shares, totaling 1.02 billion yuan [5] - Lain Bio's control change may lead to a new major shareholder, with plans to acquire at least 80% of Beijing Jinkangpu Food Technology Co., which will become a subsidiary [5][6] - Hao Wei Group's major shareholder has decided to terminate a planned share reduction of up to 24 million shares, representing 1.99% of total shares [7] Group 3: Industry Developments - A new platform for polysilicon capacity integration has been established, focusing on strategic cooperation opportunities within the industry [1] - Guizhou Province is drafting measures to boost the sales of local liquor, including enhancing online sales and implementing export strategies [2] - The first MUSA Developer Conference will be held by Moore Threads, focusing on their full-stack development strategy and new GPU architecture [2] Group 4: Regulatory and Compliance Issues - Jiaao Environmental Protection received a notice of administrative penalty for information disclosure violations, leading to a temporary stock suspension and risk warning [8] - Huilun Crystal will also face a temporary stock suspension and risk warning due to compliance issues [8] - Tianyuan Dike's chairman is under investigation, but the company states it will not significantly impact operations [8] Group 5: Market Trends and Investment Opportunities - CITIC Securities suggests focusing on domestic demand stability and external demand breakthroughs in the power equipment sector for investment opportunities in 2026 [11]

Core Viewpoint - SIRUI has terminated its major asset restructuring plan and will resume trading on December 10, 2025, after a brief suspension [1][3]. Group 1: Termination of Restructuring - The decision to terminate the restructuring was made after careful consideration of opinions from relevant parties, indicating that the conditions for implementing the major asset restructuring were not fully mature [3]. - The company had previously announced plans to acquire shares of Ningbo Aura Semiconductor Co., Ltd. through a combination of issuing shares and/or cash payments [1][3]. Group 2: Company Background and Future Plans - SIRUI aims to become a leading platform company in analog chips with comprehensive product and market layouts, emphasizing the importance of both internal growth and external acquisition opportunities [3][4]. - Aura Semiconductor, established in 2018, specializes in the research, design, and sales of analog and mixed-signal chips, and is recognized as a key integrated circuit design enterprise in China [3][4]. - The collaboration between SIRUI and Aura Semiconductor was based on shared values and potential business synergies, with plans for future discussions on various business cooperation opportunities [4]. Group 3: Financial Overview - As of November 25, 2025, SIRUI's market capitalization was approximately 20.4 billion [4]. - The company had around 18,000 shareholders as of the end of the third quarter [4].

奥拉股份的上市征程始于2022年11月，彼时，公司申请科创板IPO，原计划募资30亿元，但在经过多轮问询和回复后，2024年5月27日，公司及其保荐人 最终决定撤回发行上市申请。 12月9日晚，模拟芯片龙头思瑞浦（688536.SH）发布公告：公司宣布终止筹划以发行股份及/或支付现金的方式购买宁波奥拉半导体股份有限公司（下 称"奥拉股份"）股权的重大资产重组事项。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 688536 | 思瑞浦 | A 股 复牌 | | | 2025/12/9 | 2025/12/10 | | 118500 | 思瑞定转 | 可转债转股复 博 | | | 2025/12/9 | 2025/12/10 | 值得注意的是，这也是奥拉股份第三次冲刺A股失败。 然而，仅在两周后，思瑞浦便发布了终止本次重组的公告。 资料显示，奥拉股份成立于2018年5月10日，主要从事模拟芯片及数模混合芯片的研发、设计和销售业务。 据此前数据，2022年、20 ...

| 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 688536 | 思瑞浦 | A 股 复牌 | | | 2025/12/9 | 2025/12/10 | | 118500 | 思瑞定转 | 可转债转股复 | | | 2025/12/9 | 2025/12/10 | | | | 博 | | | | | 值得注意的是，这也是奥拉股份第三次冲刺A股失败。 奥拉股份的上市征程始于2022年11月，彼时，公司申请科创板IPO，原计划募资30亿元，但在经过多轮问询和回复后，2024年5月27日，公司及其保荐人 最终决定撤回发行上市申请。 科创板IPO受挫3月后，2024年8月，双成药业宣布跨界收购半导体公司奥拉股份，公司股票因此停牌。 每经编辑｜许绍航 12月9日晚，模拟芯片龙头思瑞浦（688536.SH）发布公告：公司宣布终止筹划以发行股份及/或支付现金的方式购买宁波奥拉半导体股份有限公司（下 称"奥拉股份"）股权的重大资产重组事项。 该次收购被市场视为奥拉股份的"曲线 ...

Core Viewpoint - The acquisition plan of Aola Co., Ltd. to enter the A-share market has failed again, as SIRUI announced the termination of the major asset restructuring due to the conditions not being fully mature [2][3] Group 1: Acquisition Details - SIRUI decided to terminate the acquisition of Aola Co., Ltd. after careful consideration and discussions among the parties involved, citing that the conditions for the major asset restructuring were not fully mature [2] - SIRUI's stock will resume trading on December 10, and the company has committed not to plan any major asset restructuring within one month from the announcement date [2] Group 2: Background on Aola Co., Ltd. - Aola Co., Ltd. has previously attempted to go public on the STAR Market in 2022 but failed, and later sought acquisition by *ST Shuangcheng in September 2024, which was also terminated due to differing expectations [3] - Aola Co., Ltd. specializes in the research, design, and sales of analog chips and mixed-signal chips, with product lines including clock chips, power management chips, sensor chips, and RF chips [3] - The company also provides semiconductor IP licensing services [3] Group 3: Strategic Importance of Aola Co., Ltd. - SIRUI viewed Aola Co., Ltd. as a key player in high-performance clock chips and power management, which would enhance SIRUI's product offerings in the signal chain sector and strengthen its competitive edge in important application areas like AI [2]

Group 1 - Zhongke Shuguang announced the termination of the major asset restructuring plan involving Haiguang Information due to significant changes in market conditions and prolonged discussions, which will not adversely affect the company's operations and financial status [2] - Huilun Crystal's stock will be subject to risk warnings due to false records in its 2021 and 2022 annual reports, changing its trading name to "ST Huilun" [3] - SIRUI decided to terminate the acquisition of shares in Ningbo Aola Semiconductor, with its stock set to resume trading [4] Group 2 - ST Kevin's stock will resume trading after the removal of risk warnings, changing its name to "Caesar Culture" and adjusting the daily trading limit from 5% to 10% [5] - Jiamei Packaging announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [6] - Zai Sheng Technology's controlling shareholder plans to transfer 6.04% of the company's shares to Zhongrong Huaxin for a total price of 344 million yuan [7] Group 3 - Xingfu Electronics plans to invest 480 million yuan in a project to build a 40,000 tons/year electronic-grade phosphoric acid facility, expected to start construction on December 15, 2025 [8] - Jiaao Environmental Protection received an administrative penalty notice, leading to risk warnings on its stock, which will change its name to "ST Jiaao" [9] - Longi Green Energy decided to terminate its overseas issuance of Global Depositary Receipts (GDR) due to changes in external factors [10] Group 4 - Yingpais announced that its controlling shareholder plans to increase its stake in the company by 60 million to 120 million yuan [12] - Aokang International's shareholder plans to reduce its stake by up to 3% due to personal financial needs [13] - Shenzhou Information's controlling shareholder plans to reduce its stake by up to 2.95% [14] Group 5 - Bai'ao Intelligent is pre-bidding for a project worth 27.5 million yuan with a large state-owned company [16] - Jingce Electronics received orders for semiconductor testing equipment totaling approximately 433 million yuan [17] - ST Weihai, in a joint venture, won a bid for a smart agriculture project worth 652 million yuan, representing 26.27% of its audited revenue for 2024 [18]