3PEAK(SH:688536) Shang Hai Zheng Quan Bao·2025-11-25 23:13Core 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]