证券日报网讯12月15日，蓝盾光电（300862）在互动平台回答投资者提问时表示，截至2025年12月10 日，公司股份持有人数(已合并)为15666户。 ...

Core Viewpoint - The company, 蓝盾光电, has decided to terminate the transaction to acquire a 3.4783% stake in 星思半导体 for 80 million yuan, citing the need to protect shareholder interests and manage investment risks [1][4][7] Group 1: Transaction Details - The transaction was originally based on a letter of intent signed on July 26, 2024, and a formal agreement signed on September 13, 2024 [1][4] - The stake corresponds to a registered capital of 782,800 yuan [1][4] Group 2: Current Holdings and Market Position - Despite the termination, the company retains a 4.95% stake in 星思半导体, making it the sixth-largest shareholder [3][6] - 星思半导体, established in 2020, focuses on 5G/6G communication technology and has raised over 1.7 billion yuan across six funding rounds, with notable investors including 高瓴 and 鼎晖 [3][6] Group 3: Strategic Implications - The decision to terminate the transaction is aimed at reducing financial risks and external investment pressures while maintaining asset quality and shareholder stability [3][6] - The company remains optimistic about the prospects of domestic baseband chips in 5G FWA and satellite internet applications, indicating potential for future collaboration with 星思半导体 [3][6][7]

证券代码：300862 证券简称：蓝盾光电 公告编号：2025-068 安徽蓝盾光电子股份有限公司 关于使用暂时闲置募集资金和自有资金进行现金管理 的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 安徽蓝盾光电子股份有限公司（以下简称"公司"）于 2025 年 3 月 4 日召开第七届董事会第二次会议和第七届监事会第二次会议，审 议通过了《关于使用暂时闲置募集资金和自有资金进行现金管理的议 案》，同意在确保不影响募集资金投资计划正常进行、募集资金安全和 保障公司日常资金运营需求的情况下，公司及子公司使用不超过 4 亿 元（含本数）闲置募集资金（含超募资金）和不超过 1 亿元（含本数） 闲置自有资金进行现金管理。现金管理额度的使用期限自董事会审议 通过之日起不超过 12 个月（含）。在上述额度和期限内，用于现金管 理的资金可循环滚动使用。具体内容详见公司于 2025 年 3 月 4 日在中 国证监会指定信息披露网站巨潮资讯网（www.cninfo.com.cn）披露的 《关于使用暂时闲置募集资金和自有资金进行现金管理的公告》（公告 编号：2025-00 ...

蓝盾光电(300862.SZ)现跌6.72%报22.91元，股价创10月31日以来逾一个月新低；暂成交2亿元，最新市 值42亿元。该股本周已连续5个交易日下跌，累跌约15%。蓝盾光电公告称，公司及公司控制的蓝芯合 伙经与珠海洛恒共同协商后，拟终止《股权转让协议》并签署《关于上海星思半导体有限责任公司之股 权转让协议之终止协议》。截至目前，本次交易项下股权未交割，蓝芯合伙未支付股权转让价款。(格 隆汇) ...

Core Viewpoint - The company, Landun Optoelectronics, has decided to terminate an 80 million yuan equity transfer agreement with Zhuhai Luoheng Investment Partnership due to internal and external factors affecting its financial situation and to protect the interests of its shareholders, particularly minority shareholders [1][3]. Group 1: Transaction Details - The equity transfer agreement was intended for the purchase of shares in Shanghai Xingsi Semiconductor Co., Ltd., with a registered capital of 782,844 yuan [4]. - The company has not completed the equity transfer, and no payment has been made for the shares as of the announcement date [1][4]. - The termination agreement was signed after mutual discussions between the parties involved, and both sides agreed to waive any claims related to the original agreement [4]. Group 2: Financial Performance - Landun Optoelectronics has faced continuous declines in revenue and net profit over the past three years, with net profit dropping to 648.5 thousand yuan in 2024, a decrease of over 90% compared to 1.3 million yuan in 2020 [5][8]. - The company's gross margin has decreased from 36.86% in 2020 to 25.08% in 2024, while net margin fell from 18.06% to 1.19% during the same period [6]. - In the first three quarters of 2025, the company reported a revenue decline of 21.33% year-on-year, with a net profit loss of 827.61% [8]. Group 3: Investment Context - The decision to terminate the investment is seen as a pragmatic move to control risks and preserve cash flow, especially given the company's strained financial situation [10][11]. - The previous investment in Xingsi Semiconductor has already resulted in losses, with a reported investment loss of 1.29 million yuan in 2024 and 195.39 thousand yuan in the first three quarters of 2025 [11]. - The semiconductor industry, characterized by high capital and technological demands, presents challenges for Landun Optoelectronics, whose core business focuses on optoelectronic instruments for environmental monitoring and traffic management [10][11].

公告强调，截至目前，本次交易项下股权未交割，蓝芯合伙未支付股权转让价款。终止交易是基于公司 自身情况和上海星思半导体现状，旨在控制投入、减少对外投资对公司的影响，维护公司及全体股东尤 其是中小股东的利益。 蓝盾光电于2020年8月登陆创业板，主营业务为高端分析测量仪器的研制、生产、软件开发、数据应用 及服务，产品和服务主要用于环境监测、气象观测等领域；而成立于2020年的上海星思半导体，相关芯 片主要应用于5G CPE、卫星智能手机原型机、低轨卫星通信终端、卫星物联终端、卫星联测终端等产 品，双方主营业务相关性较弱。 蓝盾光电与上海星思半导体的关联可以追溯至2023年。2023年12月29日，蓝盾光电宣布以1.8亿元自有 资金参与上海星思半导体的新一轮融资，预计取得约5%的股权。按相应比例换算，上海星思半导体投 后估值约为36亿元，增值率高达5142.86%。而2022年和2023年前三季度，上海星思半导体却连续亏 损，合计亏损超过8亿元。 这项高溢价的跨界投资随即引来交易所关注。 2024年1月2日，深交所向蓝盾光电下发关注函，要求说明该项融资的筹划过程、关键决策环节及参与人 员，并要求核查公司董监高、持股 ...

据蓝盾光电公告，公司及其控制的蓝芯合伙经与交易对方珠海洛恒协商，拟终止关于上海星思半导体的《股权转让协议》并签署正式终止协议。 公告强调，截至目前，本次交易项下股权未交割，蓝芯合伙未支付股权转让价款。终止交易是基于公司自身情况和上海星思半导体现状，旨在控制投入、 减少对外投资对公司的影响，维护公司及全体股东尤其是中小股东的利益。 △图源：图虫 而在交易停滞期间，蓝盾光电控股股东及一致行动人多次减持。 △图源：图虫 蓝盾光电于2020年8月登陆创业板，主营业务为高端分析测量仪器的研制、生产、软件开发、数据应用及服务，产品和服务主要用于环境监测、气象观测 等领域；而成立于2020年的上海星思半导体，相关芯片主要应用于5G CPE、卫星智能手机原型机、低轨卫星通信终端、卫星物联终端、卫星联测终端等 产品，双方主营业务相关性较弱。 蓝盾光电与上海星思半导体的关联可以追溯至2023年。2023年12月29日，蓝盾光电宣布以1.8亿元自有资金参与上海星思半导体的新一轮融资，预计取得 约5%的股权。按相应比例换算，上海星思半导体投后估值约为36亿元，增值率高达5142.86%。而2022年和2023年前三季度，上海星思半导 ...

Core Viewpoint - The acquisition of a stake in Star Semiconductor by Landun Optoelectronics was terminated due to considerations of the company's situation and the status of Star Semiconductor, aiming to control investment and protect the interests of all shareholders, especially minority shareholders [1][4]. Summary by Sections Transaction Details - Landun Optoelectronics announced the termination of a cash transaction worth 80 million yuan to acquire a 3.4783% stake in Star Semiconductor, which was initially planned to be executed in two payments of 30 million yuan and 50 million yuan [1][4]. - The acquisition was intended to enhance the company's stake and promote business cooperation, particularly in the application of domestic baseband chips in the 5G FWA and satellite internet sectors [1]. Reasons for Termination - The termination was influenced by the significant decline in Landun Optoelectronics' performance, with a 21.33% year-on-year decrease in revenue and a net loss of 59.02 million yuan in the first three quarters of 2025 [4]. - Star Semiconductor also faced continuous losses, reporting a net loss of 337 million yuan in 2024 and 141 million yuan in the first half of 2025, which contributed to the decision to terminate the deal [4]. - Regulatory scrutiny regarding the relevance of the main businesses and the reasonableness of the transaction premium also played a role in the termination [4]. Market Context - The termination of this acquisition is part of a broader trend in the M&A market, where several significant transactions have recently failed, including a major merger between Zhongke Shuguang and Haiguang Information, which was intended to create a "national-level computing power aircraft carrier" [5]. - Recent M&A failures exhibit three main characteristics: increased valuation discrepancies, tightening financing conditions, and stricter regulatory scrutiny [6]. - Companies are shifting their focus from aggressive expansion to concentrating on core businesses and controlling operational risks, indicating a more rational adjustment phase in industry consolidation [7].

Group 1: Key Developments in the Industry - Disney announced a $1 billion investment in OpenAI to accelerate the application of artificial intelligence in entertainment content creation and user experience optimization [2] - Microsoft CEO Satya Nadella announced the launch of a new AI model, enhancing intelligent agents, and established partnerships with high-profile companies to accelerate the commercialization of autonomous AI applications [2] - Google is expected to face fines from the EU due to violations related to Google Play, with potential penalties to be announced in Q1 2026, while also opening an AI lab in the UK [2] Group 2: Financial Performance and Corporate Actions - Adobe reported record revenue of $6.19 billion for Q4, with adjusted earnings per share of $5.50, exceeding market expectations, driven by strong performance in digital media and creative software [2] - ZTE is in communication with the U.S. Department of Justice regarding ongoing matters, with timely disclosures to follow based on progress [4] - Nandu Power's controlling shareholder is planning a change in control, leading to a suspension of trading from December 12 [4] Group 3: Market Trends and Challenges - TSMC reported a 6.5% month-over-month revenue decline in November, raising concerns about further declines in December, while announcing a minimum dividend of 24 yuan for the next year [5] - Tesla's U.S. sales fell to a near four-year low in November despite launching lower-priced versions of Model Y and Model 3 [7] - Oracle's Q2 adjusted revenue was $16.06 billion, slightly below analyst expectations, with cloud revenue at $8 billion, also missing forecasts [8] Group 4: Strategic Partnerships and Innovations - Samsung Electronics is adjusting its Galaxy S26 series strategy, postponing production of standard and Plus models to early 2026, while launching a new fast-charging accessory [10] - Toyota announced the use of Wolfspeed's SiC MOSFET devices in its electric vehicle charging systems to enhance efficiency [10] - LG Electronics plans to showcase a localized AI cockpit platform at CES 2026, focusing on smart vehicle interaction technology [10]

并购重组 新兴铸管：子公司芜湖新兴拟以12.44亿元收购华润制钢100%股权 新兴铸管公告称，下属全资子公司芜湖新兴铸管有限责任公司拟收购江阴华润制钢有限公司100%股权，交易对价12.44亿元。本次交易完成后，公司全资 子公司芜湖新兴将直接持有华润制钢100%股权，华润制钢纳入公司合并报表范围。 惠而浦：拟以现金方式购买控股股东格兰仕家用电器洗衣机业务有关资产 惠而浦公告称，公司拟以现金方式购买控股股东广东格兰仕家用电器制造有限公司的洗衣机（含干衣机）业务有关资产，包括固定资产、专利、专有技术 和产品。本次资产收购完成后，格兰仕家用电器及其实际控制人与公司不再存在实质性同业竞争。此外，格兰仕家用电器拟以全球范围内独占使用许可的 方式将洗衣机业务有关商标许可给公司使用。本次关联交易已经公司2025年第三次临时董事会审议通过，尚需提交公司股东大会审议。 兆新股份：拟以2.2亿元现金收购优得新能源70%股权 兆新股份公告称，公司12月10日与交易对方签署《股权收购意向协议》，拟以2.2亿元现金收购优得新能源70%股权，交易完成后标的公司将成为控股子 公司。 蓝盾光电：终止购买上海星思半导体有限责任公司股权 每经记 ...