面对上市后业绩持续下滑的压力，安凯微选择通过现金和贷款并举的方式，以3.26亿元收购一家持续亏 损的公司。与此同时，十多家知名投资机构在这个交易中实现了退出。 近日，安凯微发布公告称，拟以现金3.26亿元收购思澈科技85.79%的股权。 根据评估，思澈科技的股东全部权益价值评估值为3.85亿元，合并报表归属于母公司所有者权益增值率 更是达到惊人的714.53%。然而在亮眼评估数据的背后，却是一家尚未盈利的标的企业。 进入2025年，情况并未好转。前三季度，安凯微实现营业收入约3.51亿元，同比下降5.22%；归属净利 润亏损8223.92万元，同比增亏。 收购增值率高达714.53% 安凯微此次收购的思澈科技是一家专注于高性能、超低功耗物联网芯片设计的公司，成立于2019年。其 主要产品应用于智能穿戴、健康设备、智能家居等多个AIoT场景。 思澈科技的评估方法引发了市场关注。评估机构采用了市场法，认为这种方法能够充分反映轻资产、高 研发投入型芯片设计企业的核心价值。 根据评估，思澈科技100%股权对应的交易总价约3.8亿元。然而，这家公司2024年和2025年1—7月的净 利润分别为-4864.29万元和-1 ...

Core Viewpoint - Zhaoyi Innovation Technology Group Co., Ltd. has received approval from the China Securities Regulatory Commission for its IPO in Hong Kong, planning to issue up to 51,796,900 shares of overseas listed ordinary shares [1]. Company Overview - Zhaoyi Innovation is a diversified chip design company that provides a variety of chip products including Flash, niche DRAM, MCU, analog chips, and sensor chips, along with corresponding algorithms and software solutions. The company operates on a fabless business model, focusing on integrated circuit design and R&D [5]. Financial Performance - The company reported revenues of RMB 81.3 billion, RMB 57.61 billion, and RMB 73.56 billion for the years 2022, 2023, and 2024, respectively. The annual profit attributable to equity shareholders was RMB 20.53 billion, RMB 1.61 billion, and RMB 11.03 billion for the same years [5][6]. - For the first three quarters of 2025, Zhaoyi Innovation achieved revenue of RMB 68.32 billion, representing a year-on-year growth of 20.92%. The net profit attributable to shareholders was RMB 10.83 billion, up 30.18% year-on-year [8]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 157,465. Notably, prominent investor Ge Weidong reduced his holdings by approximately 1.6953 million shares, holding 2.55% of the shares by the end of the third quarter [9].

Core Viewpoint - Shenzhen CVA Innovation Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming to issue H-shares with Agricultural Bank of China International as the sole sponsor [1]. Group 1: Company Overview - Founded in 2018, the company focuses on the design of edge AI chips, offering a product portfolio that includes smart display chips, smart perception and control chips, and solutions for emerging applications in consumer electronics and automotive electronics [5]. - The company ranks second globally in the scaler chip industry by shipment volume, with a market share of 18.8% in 2024, and holds the first position in the ASIC scaler sub-market with a market share of 55%, shipping approximately 37 million units [5]. Group 2: Financial Performance - The company's revenue has shown rapid growth, increasing from 87 million yuan in 2022 to 244 million yuan in 2024, representing a compound annual growth rate of approximately 67.5%. In the first nine months of 2025, revenue continued to grow by 24.2% year-on-year, driven by the ramp-up of core products like AI Scaler and STDI [5]. - Despite revenue growth, the company is still in a phase of continuous losses, with a cumulative net loss of approximately 462 million yuan and a cumulative loss rate of about 59% from 2022 to the first nine months of 2025. The overall gross margin has declined from 35.7% to 22.1% during the same period [6]. Group 3: Market Position and Future Outlook - The company has a high dependency on major customers and suppliers, indicating a concentrated customer base [6]. - With the acceleration of AI applications and increasing demand for display and control chips, the company aims to leverage its IPO to enhance capital, increase R&D investment, and optimize supply chain layout, potentially improving its market share in the edge AI chip sector [6].

Group 1 - The event "New Journey of Investment Education Services" was successfully held in Shanghai, enhancing communication and trust between investors and listed companies [1] - The event featured visits to companies such as Zhongying Electronics, Pinwo Foods, and Wangsu Technology, providing investors with a platform to understand corporate development [1] Group 2 - Zhongying Electronics showcased its strategic planning and future development direction, emphasizing R&D investment and product innovation during the investor interaction session [2] - Investors were able to experience Zhongying Electronics' technological strength in chip design through a company tour, highlighting its resilience and competitiveness in the semiconductor industry [2] Group 3 - Pinwo Foods focused on protecting investor rights and discussed its brand building and supply chain optimization strategies during the event [3] - The management team addressed investor inquiries regarding product operations and brand promotion, reinforcing confidence in the company's future development [3] Group 4 - Wangsu Technology emphasized its strategy of technological innovation and global layout in the context of the digital economy during the event [4] - The company presented its advantages in edge computing and cloud security, with a focus on practical applications and case studies [4] - Investors engaged in discussions about liquid cooling technology and AI market competitiveness, furthering their understanding of the company's innovations [4]

中国基金报记者泰勒 大家好，今天的市场，亮点不少，三大指数本来盘中下跌震荡，但午后小作文疯传，在地产板块的带领下，指数尾盘拉升，一起看看发生 了什么事情。 探底回升 12月10日，A股全天探底回升，三大指数涨跌互现。截至收盘，沪指跌0.23%，深成指涨0.29%，创业板指跌0.02%。 【导读】A股午后回暖，万科涨停，背后原因是什么？ 市场共2435只个股上涨，60只个股涨停，2844只个股下跌。 | 880005 张跌家数 | | | | --- | --- | --- | | 臣中 | 涨停 | 51 | | 涨幅 | > 7% | 104 | | 涨幅 | 5-7% | 72 | | 涨幅 | 3-5% | 217 | | 涨幅 | 0-3% | 2042 | | 跌幅 | 0-3% | 2601 | | 跌幅 | 3-5% | 196 | | 跌幅 | 5-7% | 31 | | 跌幅 | > 7% | 16 | | 其中 跌停 | | 11 | | 上涨家数 下跌家数 | | 2435 | | | | 2844 | | 平盘停牌 | | 178 | | 总品种数 总成交额 | | 5457 | | ...

【导读】A股午后回暖，万科涨停，背后原因是什么？ 中国基金报记者 泰勒 大家好，今天的市场，亮点不少，三大指数本来盘中下跌震荡，但午后小作文疯传，在地产板块的带领下，指数尾盘拉升，一起看 看发生了什么事情。 探底回升 12月10日，A股全天探底回升，三大指数涨跌互现。截至收盘， 沪指跌0.23%，深成指涨0.29%，创业板指跌0.02%。 市场共2435只个股上涨，60只个股涨停，2844只个股下跌。 | 880005 涨跌家数 | | | | --- | --- | --- | | 글 中 | 涨停 | 60 | | 涨幅 | > 7% | 104 | | 涨幅 | 5-7% | 1 12 | | 涨幅 | 3-5% | 217 | | 涨幅 | 0-3% | 2042 | | 跌幅 | 0-3% | 2601 | | 跌幅 | 3-5% | 196 | | 跌幅 | 5-7% | 31 | | 跌幅 | > 7% | 16 | | 官中 | 跌停 | 11 | | 上涨家数 下跌家数 | | 2435 2844 | | 平盘停牌 总品种数 | | 178 | | | | 5457 | | 总成交 | 交客 ...

Core Viewpoint - Sirepo Microelectronics announced the termination of its planned acquisition of 86.12% of Ningbo Aola Semiconductor, citing that the conditions for the major asset restructuring were not fully mature [1][2]. Group 1: Company Actions - The company has actively engaged in discussions and negotiations with the transaction parties since the initiation of the restructuring process [1]. - After careful consideration and consensus with the transaction parties, the company decided to terminate the restructuring plan to protect the interests of the company and its shareholders [1]. Group 2: Market Environment and Strategy - Analysts suggest that in the current market environment, companies adjusting or terminating expansion plans is a rational response to uncertainties and risk management [2]. - Despite the termination of the transaction, the company will continue to pursue its strategic goals and explore various business cooperation opportunities with Aola Semiconductor when conditions are favorable [2]. Group 3: Company Performance - Sirepo has maintained a steady growth trajectory, achieving a revenue of 582 million yuan in the third quarter, representing a year-on-year increase of 70.29%, marking six consecutive quarters of growth [2]. - The company is committed to an innovation-driven and value-creating approach, focusing on platform development strategies and strengthening its research and manufacturing capabilities [2].

2023年10月召开的中央金融工作会议明确要求，深刻把握金融工作的政治性、人民性。在此背景 下，为做好科技金融、绿色金融、普惠金融、养老金融、数字金融工作，2025年2月中国证监会印发 《关于资本市场做好金融"五篇大文章"的实施意见》（以下简称"五篇大文章"），进一步强调要深刻把 握资本市场工作的政治性、人民性，坚守服务实体经济的天职，树牢金融为民的理念，为经济社会发展 提供更高质量、更有效率的金融服务。 并购重组作为资本市场优化资源配置的重要载体，既是落实国家战略、培育新质生产力的关键抓 手，也是维护投资者权益、增进民生福祉的重要途径。"五篇大文章"明确将并购重组作为重要举措，其 中专门提出以并购重组支持科技金融发展。深入践行资本市场人民性，破解并购重组市场发展难题，对 于推动经济社会高质量发展、稳步推进共同富裕具有重要意义。 服务大局与保护投资者权益并重 在增进民生福祉上，并购重组成果惠及大众。并购重组市场的健康发展通过多元路径惠及广大人民 群众。在财富增长方面，为投资者提供了优质财富管理选择，上市公司通过并购注入优质资产后，业务 结构优化、盈利能力提升，进而完善分红机制，为投资者带来持续稳定回报。比如家 ...

在盛福百合社区，林武察看社区党群服务中心，了解党建引领基层治理工作情况，以"四不两直"方 式检查小区消防设施配套情况，来到社区住户家中，与居民亲切交谈，了解就业、集中供暖和基层党组 织作用发挥情况。林武强调，要坚持党建引领，完善社区治理，深入践行新时代"枫桥经验"，促进矛盾 源头化解。要集中精力办好民生实事，提升社区服务水平，用心用情解决急难愁盼问题。要加强安全隐 患排查整治，坚持人防物防技防结合，强化宣传培训，严防火灾等事故发生，切实保障人民群众生命财 产安全。 省委常委、济南市委书记刘强，省直有关部门负责同志参加。（记者 于新悦 李子路） 林武来到中海时光之境高品质住宅项目现场，实地察看样板间，听取项目建设、产品设计、销售情 况等介绍。他指出，要加快构建房地产发展新模式，持续优化产品供给，建设安全舒适绿色智慧的"好 房子"，提升房屋品质、物业服务质量，更好满足人民群众高品质居住需求。 12月8日，省委书记林武在济南市调研时强调，要深入学习贯彻习近平总书记视察山东重要讲话和 重要指示批示精神，认真落实省委十二届十次全会部署，锚定"走在前、挑大梁"，坚持以高质量党建引 领高质量发展，推动科技创新和产业创新深度 ...

【导读】海安集团前三季度拟向全体股东每10股派送现金红利20元 刚上市不足半个月，海安集团（001233）（证券代码：001233）便决定向投资者大手笔分红。 12月8日晚间，海安集团公布了2025年前三季度利润分配预案，公司拟向全体股东每10股派送现金红利 20.00元（含税），合计拟派现3.72亿元（含税）。 2025年前三季度，海安集团实现净利润4.62亿元。据此计算，本次现金分红总金额约占前三季度净利润 的80.5%。 海安集团主营巨型全钢工程机械子午线轮胎的研发、生产与销售，以及矿用轮胎运营管理业务。根据公 告，海安集团在2022年的产品产量位居全球企业第四，中资企业第一，属于细分行业中的头部企业。 11月25日，海安集团登陆深交所主板上市。 自上市以来，海安集团股价不断走低。截至12月8日，公司报65.02元/股，虽较高点大幅回调，但仍远 高于48元/股的发行价，总市值为121亿元。 对于此次分红的原因，海安集团表示，这是结合公司实际情况和发展需要，为积极回报广大股东长期以 来对公司的信任与支持，与全体股东共享公司发展成果，同时兼顾公司未来业务拓展及日常生产经营的 资金需求。 除了海安集团，12月 ...