一则公告20cm涨停！普冉股份收购案如何引爆行情

Core Viewpoint - The stock price of Puran Co., Ltd. (688766.SH) reached a nearly four-year high, driven by the announcement of a cash acquisition to gain control of Zhuhai Noah Changtian Storage Technology Co., Ltd. and indirectly control SkyHigh Memory Limited, enhancing its competitiveness in the memory chip sector [1][2]. Group 1: Acquisition Details - The acquisition is still in the intention stage, with the valuation of the target company needing assessment [2]. - Puran currently holds a 20% stake in Noah Changtian and plans to acquire additional shares from existing shareholders to achieve control [2]. - Upon completion, Noah Changtian and SHM will be included in the consolidated financial statements of the listed company [2]. Group 2: Company Performance - Puran's revenue from storage series chips was 673 million yuan, accounting for 74.23% of total revenue, with a year-on-year decline of 6.98% [3]. - The overall revenue for the first half of the year was 907 million yuan, a 1.2% increase year-on-year, while net profit attributable to shareholders dropped by 70% to 40.73 million yuan [3]. - The core business includes NOR Flash and EEPROM chips, which are relatively smaller segments in the overall memory chip market [3]. Group 3: Market Context - SHM specializes in high-performance 2D NAND and derivative memory products, targeting mid-to-high-end markets [3]. - The acquisition aims to diversify Puran's product line by entering the NAND Flash segment, which is currently not part of its offerings [4]. - The demand for high-performance storage chips is driven by the growth of AI applications, with AI servers requiring significantly more DRAM and NAND compared to standard servers [4]. Group 4: Industry Insights - 2D NAND technology is considered older and simpler compared to the more advanced 3D NAND, which has become the mainstream in the market [5]. - The shift towards 3D NAND presents technical and cost challenges, while 2D NAND offers lower manufacturing costs [5]. - The current market dynamics may provide Puran an opportunity to solidify its market share in traditional sectors as larger companies pivot towards higher-margin products [5].