重大资产重组终止 780亿芯片大牛股突然宣布

Core Viewpoint - The major asset restructuring plan of Chip Origin Technology Co., Ltd. has been abruptly terminated, which includes the acquisition of a 97.0070% stake in Xinlai Zhiyuan Semiconductor Technology (Shanghai) Co., Ltd. and related fundraising activities [2][5]. Group 1: Transaction Details - The acquisition was initiated on August 28, 2025, with a suspension of trading on August 29, and resumed on September 12, 2025 [4]. - The transaction aimed to enhance the company's core processor IP and CPU IP capabilities, thereby strengthening its AI ASIC design flexibility and innovation capacity [4]. - The termination was due to discrepancies between the core demands of the target company's management and the market environment, policy requirements, and the interests of the company and its shareholders [5]. Group 2: Future Plans - Following the termination, the company plans to invest in Tian Sui Xin Yuan Technology (Shanghai) Co., Ltd. and use it as the acquisition vehicle to gain control over Zhu Dian Semiconductor (Shanghai) Co., Ltd. [5]. - The company has committed to not planning any major asset restructuring for at least one month following the termination announcement [5]. Group 3: Company Performance - Chip Origin Technology reported a revenue of 2.255 billion yuan for the first three quarters of the year, representing a year-on-year growth of 36.64% [6]. - The net profit attributable to shareholders was a loss of 347 million yuan, which is a reduction of 49.158 million yuan compared to the same period last year [6]. - The company secured new orders worth 1.593 billion yuan in the third quarter of 2025, a significant year-on-year increase of 145.80%, with approximately 65% of these orders related to AI computing [6]. Group 4: Market Position - According to industry research firm IPnest, Chip Origin Technology ranks first in China's semiconductor IP licensing market and eighth globally in 2024 [6]. - The company's intellectual property licensing revenue ranks sixth globally [6]. Group 5: Stock Performance - Chip Origin Technology, known as "China's first semiconductor IP stock," has seen its stock price increase by over 184% year-to-date, with a total market capitalization reaching 78.37 billion yuan as of December 12 [7]. Group 6: Industry Context - In the past month, 21 A-share listed companies have announced the termination of merger and acquisition plans, indicating a broader trend in the market [8].