3PEAK(SH:688536) Mei Ri Jing Ji Xin Wen·2025-12-09 16:55Core Viewpoint - SIRUI (688536.SH) announced the termination of its major asset restructuring plan to acquire shares of Ningbo Aola Semiconductor Co., Ltd. (Aola) through the issuance of shares and/or cash [1] Group 1: Company Developments - Aola has failed in its third attempt to go public on the A-share market, with its IPO application initially submitted in November 2022, aiming to raise 3 billion yuan, but was withdrawn in May 2024 after multiple inquiries [3] - After the failed IPO, Aola was involved in a cross-industry acquisition by Shuangcheng Pharmaceutical, which was perceived as a "backdoor listing" [3] - Following the termination of the acquisition by Shuangcheng Pharmaceutical in March 2025, Aola initiated a new equity operation with SIRUI in November 2025 [4] Group 2: Financial Performance - Aola, established in May 2018, primarily focuses on the R&D, design, and sales of analog and mixed-signal chips, reporting net losses of 856 million yuan in 2022 and 962 million yuan in 2023, but turned profitable in the first seven months of 2024 with a net profit of 307 million yuan [6] - SIRUI, engaged in the R&D and sales of analog and mixed-signal products, reported a revenue of 1.531 billion yuan in the first three quarters of 2025, marking an 80.47% year-on-year increase, and achieved a net profit of 126 million yuan, indicating a turnaround from previous losses [6] Group 3: Market Activity - SIRUI's stock was suspended from trading on December 9, 2025, with a closing price of 148.18 yuan per share and a total market capitalization of 20.42 billion yuan prior to the suspension [8]