本报记者 陈红 近期，A股市场并购热潮涌动。5月13日至14日，十余家上市公司密集披露并购公告，不仅为资本市场注入强劲活力，更折 射出产业升级与战略转型的深层逻辑，凸显出当前A股并购市场多元化、专业化的发展特征。 《证券日报》记者观察到，现金交易主导、加速布局新赛道成为本轮并购的显著特征。 本轮并购浪潮中，企业战略选择呈现分化态势，战略聚焦与多元化发展并行。 南宁学院金融专家、博士石磊向《证券日报》记者表示，本轮并购集中体现企业三大战略方向：在科技自主创新领域寻求 突破，推动传统产业智能化与数字化转型；通过资源整合实现技术跃迁，依托产业链延伸增强抗风险能力；把握政策红利，加 速布局人工智能、半导体等新兴赛道。 产业链整合趋势明显 产业链整合已成为当下A股企业并购的核心驱动力。企业通过横向整合扩大市场份额，纵向整合完善产业链，提升自身综 合竞争力。 5月14日，江苏综艺股份有限公司（以下简称"综艺股份"）发布公告，公司拟通过现金增资或受让股份的方式获取江苏吉 莱微电子股份有限公司（以下简称"吉莱微"）控制权，构成重大资产重组。此次收购后，综艺股份将在原有业务基础上，进入 功率半导体芯片及器件的研发、生产及销售领 ...

Group 1 - The company held its 11th meeting of the 6th board of directors on May 9, 2025, where it approved a proposal for joint investment with related parties [1][3] - The board approved a proposal to authorize the board to handle small-scale rapid financing matters, with a total financing amount not exceeding RMB 300 million, which is less than 20% of the net assets at the end of the previous year [3][26] - The proposal for joint investment involves the company investing RMB 200 million in Shanghai Zhenliang Intelligent Technology Co., Ltd., acquiring 11.43% of its equity [6][8] Group 2 - The chairman of the company, Zhao Wei, will invest RMB 50 million, acquiring 2.86% of the equity in Shanghai Zhenliang [6][8] - The investment in Shanghai Zhenliang is considered a related party transaction, and it does not require approval from the shareholders' meeting [8][10] - The company aims to capitalize on the growing demand for AI chips, aligning with national policy trends and the potential market space for domestic AI chip companies [20][21] Group 3 - The company has a history of engaging in related transactions, with a total amount of RMB 12.41 million in related transactions occurring since the beginning of the year [20] - The independent directors have reviewed and approved the related party investment proposal, affirming that it aligns with the company's strategic planning and does not harm the interests of shareholders [21][22] - The company plans to use its own funds for the investment, which is expected to have no significant impact on its normal operations [20][21]

Group 1 - The company held its 11th meeting of the 6th Board of Directors on May 9, 2025, with all 11 directors present, complying with legal and procedural requirements [1] - The board approved a proposal for a related party investment and transaction with 10 votes in favor, 0 against, and 0 abstentions, with the independent directors having reviewed the proposal [1] - The board also approved a proposal to authorize the board to handle small-scale rapid financing, allowing for a total financing amount not exceeding RMB 300 million, which is less than 20% of the net assets as of the end of the previous year [2]