泰凌微拟买磐启微复牌炸板涨10.57% 标的连亏两年半

Core Viewpoint - 泰凌微 is resuming trading after announcing a plan to acquire 100% of Shanghai Pankei Microelectronics Co., Ltd. through a combination of issuing shares and cash payments, aiming to enhance its position in the low-power wireless IoT chip design sector [1][3]. Group 1: Company Announcement - 泰凌微's stock opened at a limit-up price of 63.46 yuan, reflecting a 20.01% increase, and closed at 58.47 yuan, with a total market capitalization of 14.076 billion yuan [1]. - The company announced the resumption of trading on September 1, 2025, after being suspended since August 25, 2025, due to the pending acquisition announcement [1][2]. Group 2: Acquisition Details - The acquisition involves purchasing the entire equity of Shanghai Pankei Microelectronics from 26 parties, including STYLISH and Shanghai Chip Flash, and will be funded through a mix of share issuance and cash [1][2]. - The raised funds will be allocated for transaction costs, taxes, and to supplement working capital for both the listed company and the target company, with a maximum of 25% of the transaction price or 50% of the total raised funds designated for debt repayment [2]. Group 3: Financial Performance of Target Company - Shanghai Pankei Microelectronics reported revenues of 119.98 million yuan, 129.30 million yuan, and 75.69 million yuan for the years 2023, 2024, and the first half of 2025, respectively, with net losses of 40.39 million yuan, 31.50 million yuan, and 2.13 million yuan during the same periods [4][5]. - As of June 30, 2025, the total assets of Shanghai Pankei Microelectronics were 157.61 million yuan, with total liabilities of 38.08 million yuan and owner's equity of 119.53 million yuan [5].