Core Viewpoint - The company, Si Rui Pu Microelectronics Technology (Suzhou) Co., Ltd., is planning to acquire equity in Ningbo Aola Semiconductor Co., Ltd. through a share issuance and/or cash payment, which may constitute a significant asset restructuring according to regulations [1][4]. Group 1: Transaction Details - The transaction will not lead to a change in the actual controller of the company and does not constitute a restructuring listing [1]. - The company's stock will be suspended from trading starting November 26, 2025, for a period not exceeding 10 trading days [1][2]. - The convertible bonds of the company will also stop conversion on the same date [1][3]. Group 2: Financial Performance of Aola - Aola Semiconductor reported net losses of CNY 1.096 billion, CNY 856 million, and CNY 962 million from 2021 to 2023, totaling over CNY 2.9 billion in cumulative losses [4]. - In the first seven months of 2024, Aola achieved a net profit of CNY 307 million, indicating a turnaround [4]. - The company's IP licensing revenue accounted for 89.3% of its operating income during the same period, influenced by slow recovery in domestic chip demand [4]. Group 3: Technological Strength and Market Position - Aola has developed several clock chips widely used in 5G communication infrastructure, achieving performance levels comparable to leading global manufacturers [5]. - The company recently licensed its Vcore multi-phase power technology to ON Semiconductor for USD 144 million, marking international recognition of its technological capabilities [5]. - Si Rui Pu focuses on signal chain and power management chips and aims to enhance its competitive edge through this acquisition [5]. Group 4: Strategic Synergies - The acquisition is expected to create significant synergies in three dimensions: market sales complementarity, supply chain and process upgrades, and enhanced R&D capabilities [6][7]. - Si Rui Pu's established domestic sales team and Aola's overseas expansion experience will create a combined sales network [6]. - The integration will leverage Si Rui Pu's supply chain management and 12-inch COT wafer process to optimize Aola's product processes and reduce costs [7]. Group 5: Historical Context of Aola's Acquisition Attempts - Previous attempts by another A-share listed company, Shuangcheng Pharmaceutical, to acquire Aola were unsuccessful due to disagreements among shareholders regarding transaction expectations and costs [8].

Core Viewpoint - SiRuPu plans to acquire equity in AoLa Semiconductor, which may constitute a significant asset restructuring, leading to a temporary suspension of its stock trading starting November 26 [1][2]. Group 1: Acquisition Details - SiRuPu has signed a letter of intent with major shareholders of AoLa Semiconductor, including Hong Kong Aura Investment Co. Limited and others, to purchase their equity [2]. - The shareholders collectively hold 86.12% of AoLa Semiconductor's equity, indicating a strong control over the company [3]. - The acquisition will be executed through the issuance of shares and/or cash payments, with further negotiations ongoing during the trading suspension [4]. Group 2: Company Performance - SiRuPu has experienced significant revenue fluctuations in recent years, with revenues of 1.783 billion, 1.094 billion, and 1.220 billion from 2022 to 2024, and net profits of 267 million, -34.71 million, and -197 million respectively [5]. - The company reported a revenue of 1.531 billion in the first three quarters of 2025, marking an 80.47% increase year-on-year, with a net profit of 126 million, a recovery from the previous year's loss [5]. - The acquisition is expected to enhance SiRuPu's competitiveness in its core business areas, particularly in integrated circuit design [5].

Core Viewpoint - Sirepo plans to acquire a stake in Ningbo Aura Semiconductor Co., Ltd. through share issuance and/or cash payment, which may constitute a significant asset restructuring [2] Group 1: Acquisition Details - Sirepo's stock and convertible bonds will be suspended from trading starting November 26, 2025, for a period not exceeding 10 trading days [2] - The transaction involves nine shareholders, including Hong Kong Aura Investment Co. Limited, who collectively hold 86.12% of Aura's shares [2] Group 2: Aura Semiconductor's Performance - Founded in 2018, Aura focuses on the development of analog and mixed-signal chips, with product lines including clock chips, power management chips, sensor chips, and RF chips [3] - Aura has achieved significant revenue growth, with 2022 and 2023 revenues of 478 million and 472 million yuan, respectively, and a turnaround in 2024 with revenue of 538 million yuan and a net profit of 30.7 million yuan [3] - The company has successfully developed clock chips widely used in 5G communication infrastructure, achieving performance levels comparable to leading global manufacturers [3] Group 3: Strategic Collaboration and Synergies - The acquisition aims to enhance Sirepo's capabilities in data centers, AI servers, and 5G communications, particularly in providing comprehensive analog solutions for AI applications [5] - The collaboration will leverage Sirepo's domestic sales network and Aura's international expansion experience, creating a combined sales force [6] - Sirepo's supply chain management and 12-inch COT wafer technology will help Aura optimize product processes and reduce costs, particularly for its SPS products [6] - The integration will also facilitate resource sharing and capability enhancement between the two companies' R&D teams, leading to a strategic upgrade of their ecosystem [6]

Core Viewpoint - SIRUI plans to acquire equity in Aura Semiconductor, leading to a potential major asset restructuring, with trading suspension starting November 26 [1][4]. Group 1: Acquisition Details - SIRUI has signed a letter of intent with major shareholders of Aura Semiconductor, including Hong Kong Aura Investment Co. Limited and others, to purchase their equity [3]. - The shareholders collectively hold 86.12% of Aura Semiconductor's equity, indicating a significant stake involved in the transaction [4]. - The acquisition will be executed through the issuance of shares and/or cash payments, with further negotiations ongoing to finalize the transaction [5]. Group 2: Company Performance - SIRUI's financial performance has been volatile, with revenues of 1.783 billion, 1.094 billion, and 1.220 billion yuan from 2022 to 2024, and net profits of 267 million, -34.71 million, and -197 million yuan during the same period [6][7]. - In the first three quarters of 2025, SIRUI reported revenues of 1.531 billion yuan, an increase of 80.47% year-on-year, and a net profit of 126 million yuan, recovering from a loss of 98.73 million yuan in the same period of 2024 [7]. Group 3: Industry Context - Aura Semiconductor, established in 2018, specializes in high-performance integrated circuit products, including clock analog chips and power management analog chips [7]. - SIRUI, listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board since September 2020, focuses on analog and mixed-signal product development, serving various sectors such as industrial, new energy, automotive, and healthcare [7].

Core Viewpoint - SIRUI plans to acquire equity in Aura Semiconductor, potentially constituting a major asset restructuring, with trading suspension starting from November 26, 2025 [2][9]. Group 1: Acquisition Details - SIRUI has signed a letter of intent for equity acquisition with major shareholders of Aura Semiconductor, including Hong Kong Aura Investment Co. Limited and others [3][7]. - The agreement indicates that SIRUI intends to purchase equity held by nine shareholders, who collectively own 86.12% of Aura Semiconductor [8]. Group 2: Financial Performance - SIRUI's stock price was reported at 148.18 CNY per share, with a market capitalization of 20.42 billion CNY as of November 25, 2025 [2]. - SIRUI's revenue fluctuated significantly in recent years, with reported revenues of 1.783 billion CNY in 2022, 1.094 billion CNY in 2023, and 1.220 billion CNY in 2024 [10]. - For the first three quarters of 2025, SIRUI's revenue reached 1.531 billion CNY, marking an 80.47% year-on-year increase, with a net profit of 126 million CNY compared to a loss of 98.73 million CNY in the same period of 2024 [12][13].

Core Viewpoint - SiRuPu plans to acquire equity in Ningbo Aura Semiconductor Co., Ltd. through a combination of issuing shares and/or cash payments, which may constitute a significant asset restructuring [1][8]. Group 1: Acquisition Details - SiRuPu has signed a letter of intent for equity acquisition with major shareholders of Aura, including Hong Kong Aura Investment Co., Limited and others, totaling nine shareholders [4][9]. - The shareholders collectively hold 86.12% of Aura's equity, indicating a substantial stake involved in the transaction [9]. Group 2: Stock Suspension - SiRuPu's stock and convertible bonds will be suspended from trading starting November 26, with an expected suspension period not exceeding 10 trading days [1][6]. - As of November 25, SiRuPu's stock price was 148.18 CNY per share, reflecting a 1.37% increase, with a total market capitalization of 20.42 billion CNY [1]. Group 3: Company Performance - SiRuPu's revenue has fluctuated significantly in recent years, with reported revenues of 1.783 billion CNY in 2022, 1.094 billion CNY in 2023, and 1.220 billion CNY in 2024 [10]. - The net profit attributable to shareholders has also varied, showing a loss of 347.13 million CNY in 2023 and a further loss of 1.97 billion CNY in 2024 [10]. - In the first three quarters of 2025, SiRuPu reported a revenue of 1.531 billion CNY, marking an 80.47% year-on-year increase, with a net profit of 126 million CNY [11][12].

Core Viewpoint - SIRUI intends to acquire equity in Aura Semiconductor through share issuance and/or cash payment, which may constitute a significant asset restructuring [2][10]. Group 1: Acquisition Details - SIRUI has signed a letter of intent for equity acquisition with major shareholders of Aura Semiconductor, including Hong Kong Aura Investment Co. Limited and others, who collectively hold 86.12% of Aura's shares [7][10]. - The acquisition plan is still under discussion, and a formal agreement will be signed later [11]. Group 2: Stock Suspension - SIRUI's stock and convertible bonds will be suspended from trading starting November 26, with an expected suspension period of no more than 10 trading days [4][9]. - As of November 25, SIRUI's stock price was 148.18 CNY per share, with a market capitalization of 20.42 billion CNY [4]. Group 3: Company Performance - SIRUI's revenue has fluctuated significantly in recent years, with reported revenues of 1.783 billion CNY in 2022, 1.094 billion CNY in 2023, and 1.22 billion CNY in 2024 [14]. - The net profit attributable to shareholders has also varied, showing a loss of 197.22 million CNY in 2024 compared to a profit of 266.81 million CNY in 2022 [15]. - In the first three quarters of 2025, SIRUI reported a revenue of 1.531 billion CNY, a year-on-year increase of 80.47%, with a net profit of 126 million CNY [16]. Group 4: Aura Semiconductor Overview - Aura Semiconductor, established in 2018, focuses on the development of high-performance integrated circuit products, including clock simulation chips and power management chips [13]. - SIRUI, listed on the STAR Market since September 21, 2020, specializes in analog and mixed-signal product development, serving various sectors such as industrial, new energy, and automotive [14].

公告显示，根据上海证券交易所的相关规定，经思瑞浦申请，其股票自 2025 年11 月26 日（星期三）开 市起开始停牌，公司定向可转换公司债券（转债代码：118500）自 2025 年 11 月 26 日（星期三）开市 起停止转股。预计停牌时间不超过10 个交易日。 据悉，思瑞浦目前正与交易意向方积极接洽，初步确定的交易对方为 Hong Kong Aura Investment Co. Limited、海南璞愿投资合伙企业（有限合伙）、Ideal Kingdom Limited、宁波奥吉芯企业管理合伙企业 （有限合伙）、宁波奥如芯企业管理合伙企业（有限合伙）、宁波奥意芯企业管理合伙企业（有限合 伙）、Key Brilliance Limited 、Light Brilliance Limited、Win Aiming Limited，其合计持有标的公司 86.12%股份。 11月25日，思瑞浦微电子科技(苏州）股份有限公司（证券代码：688536）发布关于筹划重大资产重组 事项的停牌公告。 公告指出，思瑞浦正在筹划以发行股份及/或支付现金的方式购买宁波奥拉半导体股份有限公司（以下 简称"奥拉股份"）股权并募集 ...

值得一提的是，2024年，*ST双成曾筹划收购奥拉股份100%股权，不过在今年3月折戟。 （文章来源：北京商报） 奥拉股份官网显示，公司专注于模拟和数模混合芯片的研发。 思瑞浦表示，经初步测算，本次交易可能构成《上市公司重大资产重组管理办法》规定的重大资产重 组。根据《上海证券交易所科创板股票上市规则》相关法规，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。 北京商报讯（记者马换换王蔓蕾）被*ST双成收购未果后，宁波奥拉半导体股份有限公司（以下简 称"奥拉股份"）又觅得新买家。11月25日晚间，思瑞浦（688536）披露公告称，公司拟以发行股份及/ 或支付现金的方式购买奥拉股份控制权并募集配套资金，公司股票自11月26日起开始停牌，预计停牌时 间不超过10个交易日。 ...

思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）正在筹划以发行股份及/或支付现金的方式购买宁波奥拉半导体股份有限公司（以下简称"奥 拉股份"或"标的公司"）股权并募集配套资金（以下简称"本次交易"）。 经初步测算，本次交易可能构成《上市公司重大资产重组管理办法》规定的重大资产重组。根据《上海证券交易所科创板股票上市规则》相关法规，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。 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：思瑞浦，证券代码：688536）自2025 年11 月26 日（星期三）开市起开始停牌，公司定向可转换公司债券（债券简称：思瑞定转， 转债代码：118500）自2025 年11 月26 日（星期三）开市起停止转股。预计停牌时间不超过10 个交易日。 股票停牌期间，公司将根据事项进展情况，严格按照有关法律法规的规定和要求履行信息披露义务。待上述事项确定后，公司将及时发布相关公告并申请 公司股票复牌。敬请广大投资者关注后续公告，并注意投资风险。 | 证券代码:6885 ...