Group 1 - The company, Purun Co., Ltd. (SH 688766), announced plans to acquire a 49% stake in Noah Changtian through share issuance and raise matching funds [1] - The transaction is still in the planning stage, and the valuation of Noah Changtian has not been finalized [1] - The transaction is not expected to constitute a major asset restructuring or a related party transaction, and it will not lead to a change in the actual controller of the company [1] Group 2 - The company's stock will be suspended from trading starting November 26, 2025, for a period not exceeding 10 trading days due to the uncertainties surrounding the transaction [1] - For the year 2024, the company's revenue composition is projected to be 99.99% from integrated circuits and 0.01% from other businesses [1] - As of the report, the company's market capitalization is 18.4 billion yuan [2]

Core Viewpoint - The company is planning to acquire a 49% stake in Zhuhai Noah Changtian Storage Technology Co., Ltd. through share issuance and raise matching funds, with the transaction currently in the planning stage [1] Group 1 - The valuation of Noah Changtian has not been finalized as of the announcement date [1] - The company's stock will be suspended from trading starting November 26, 2025, with an expected suspension period of no more than 10 trading days [1]

智通财经APP讯，普冉股份(688766.SH)发布公告，公司正在筹划通过发行股份等方式购买珠海诺亚长 天存储技术有限公司(简称"诺亚长天")49%股权并募集配套资金。本次交易尚处于筹划阶段，截至公告 披露日，诺亚长天的估值尚未最终确定。公司股票自2025年11月26日(星期三)开市起开始停牌，预计停 牌时间不超过10个交易日。 ...

证券代码：688766 证券简称：普冉股份 公告编号：2025-082 普冉半导体（上海）股份有限公司 关于筹划发行股份等方式购买资产事项的停牌公告 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。 本次交易尚处于筹划阶段，截至本公告披露日，诺亚长天的估值尚未最终确 定。根据《上市公司重大资产重组管理办法》《上海证券交易所科创板股票上市规 则》等相关规定，预计本次交易不构成重大资产重组。此外，预计本次交易亦不 构成关联交易。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：普冉股份，证券代码：688766）自2025年11月26日（星期三） 开市起开始停牌，预计停牌时间不超过10个交易日。 股票停牌期间，公司将根据相关事项进展情况，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 ...

人民财讯11月25日电，普冉股份(688766)11月25日公告，公司正在筹划通过发行股份等方式购买珠海诺 亚长天存储技术有限公司(简称"诺亚长天")49%股权并募集配套资金。公司股票11月26日(星期三)开市 起开始停牌。 ...

| 证券代码 | 证券简称 | 业务类型 | 停牌起始日 | 停牌终止日 | 停牌时间 | 停(复)牌原因 | | --- | --- | --- | --- | --- | --- | --- | | 688766 | 普冉股份 | | 2025-11-25 | 2025-11-25 | 全天 | 拟筹划重大资产重组 | （责任编辑：田云绯） 中国经济网北京11月25日讯 上交所网站显示，普冉股份(688766.SH)今日停牌，停牌原因为拟筹划重大资产重组。 ...

Core Viewpoint - The stock of Puran Semiconductor (Shanghai) Co., Ltd. has shown significant volatility, with a year-to-date increase of 72.66% but a recent decline of 20.98% over the past five trading days, indicating potential market fluctuations and investor sentiment shifts [1]. Group 1: Stock Performance - As of November 24, Puran's stock price reached 124.45 CNY per share, with a market capitalization of 18.425 billion CNY [1]. - The stock has experienced a 20.98% decline over the last five trading days and an 18.07% decline over the last 20 days, while it has increased by 56.88% over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a trading board for stocks with significant trading activity) twice this year, with the latest appearance on October 24, where it recorded a net buy of -47.177 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Puran achieved a revenue of 1.433 billion CNY, reflecting a year-on-year growth of 4.89%, while the net profit attributable to shareholders decreased by 73.73% to 59.0492 million CNY [2]. - The company has distributed a total of 1.05 billion CNY in dividends since its A-share listing, with 65.305 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 26.53% to 16,900, while the average number of shares held per shareholder decreased by 20.80% to 8,740 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the sixth largest with 1.9624 million shares, marking its entry as a new shareholder [3].

Core Viewpoint - The company, Purun Co., Ltd. (688766.SH), plans to acquire a 31% stake in Zhuhai Noah Changtian Storage Technology Co., Ltd. for 144 million yuan, increasing its ownership to 51% and achieving control over the company, which indirectly controls SkyHigh Memory Limited (SHM) [1][3]. Group 1: Acquisition Details - The acquisition aims to enhance the company's core competitiveness in the memory chip sector, expand its product line, and deepen business synergies [1]. - Following the acquisition, the company expects to tap into a potential market space of approximately 8 billion USD, combining the SLC NAND and eMMC markets [4]. Group 2: Market Context - SHM, established in December 2018 as a joint venture between SK Hynix and Cypress Semiconductor, focuses on high-performance 2D NAND and derivative memory products, with a strong competitive edge in firmware algorithm development and customized services [3]. - The global SLC NAND market is projected to grow from approximately 2.31 billion USD in 2024 to 3.44 billion USD by 2029, driven by applications in AI and automotive electronics [3]. Group 3: Strategic Integration - The integration with SHM is expected to create synergies across product, market, and technology dimensions, enhancing the overall technical strength and solution competitiveness of the company [4]. - The company plans to extend its market focus from primarily China to a global customer base, leveraging its existing product lines alongside SHM's offerings [4].

Core Viewpoint - The storage chip sector has experienced significant adjustments, leading to a sharp decline in stock prices for several companies, including Shikong Technology, which hit its daily limit down [1] Group 1: Company Performance - Shikong Technology reached its daily limit down, indicating a severe drop in stock value [1] - Other companies such as Shannon Chip, Purun Co., Jiangbolong, Demingli, Shenkong Co., and Baiwei Storage also saw declines in their stock prices, reflecting a broader trend in the storage chip market [1]

| | | | | 存储芯片板块个股 | | | | --- | --- | --- | --- | --- | --- | --- | | 序号 代码 | | 名称 | | 涨幅%↑ | 总市值 | 年初至今涨幅% | | 1 | 300475 | 香农芯创 | 1 | -12.00 | 597亿 | 351.60 | | 2 | 688766 | 普朗股份 | 1 | -11.97 | 183亿 | 71.31 | | 3 | 001309 | 德明利 | 1 | -9.68 | 507亿 | 259.71 | | 4 | 300672 | 国科微 | | -9.59 | 204亿 | 41.08 | | 5 | 301308 | 江波龙 | -澳 | -9.02 | 994亿 | 175.81 | | 6 | 002213 | 大为股份 | 1 | -9.01 | 79.16亿 | 146.03 | | 7 | 688525 | 佰维存储 | 1 | -8.04 | 484亿 | 67.21 | | 8 | 300455 | 航天智装 | 来 | -8.03 | 171亿 | 83.93 | | 9 | ...