Core Viewpoint - Ankai Microelectronics (安凯微) is planning to acquire an 85.79% stake in Siche Technology (思澈科技) for 326 million yuan amid financial pressures, as the company reported a net loss of 82.24 million yuan in the first three quarters of the year, indicating a significant decline in profitability [1][6]. Group 1: Acquisition Details - The acquisition does not constitute a related party transaction or a major asset restructuring [2]. - Siche Technology, established in 2019, focuses on innovative, high-performance, ultra-low-power IoT chip design, with applications in various sectors including smart wearables and industrial instruments [2]. - The valuation of Siche Technology's total equity is approximately 385 million yuan, with a significant increase in the book value of Ankai Micro's equity post-acquisition [3]. Group 2: Financial Implications - Ankai Micro's operating cash flow for January to September 2025 was -56.86 million yuan, with available funds insufficient to cover the acquisition cost entirely [5]. - The company plans to finance the acquisition through a combination of self-funds and bank loans, which may impact its liquidity ratios and financial metrics [5]. - Ankai Micro's revenue for 2022, 2023, and projected for 2024 were approximately 509 million yuan, 573 million yuan, and 527 million yuan respectively, with a notable decline in net profit in 2024 [6]. Group 3: Market Performance - Ankai Micro's stock price has experienced volatility, reaching a low of 11.02 yuan per share on November 21, but rebounded with a cumulative increase of 14.08% from November 24 to December 3 [7]. - As of December 3, the stock closed at 12.64 yuan per share, with a total market capitalization of 4.955 billion yuan [7].

Core Viewpoint - Ankai Micro plans to acquire 85.79% of Sichao Technology for 326 million yuan, focusing on innovative low-power IoT chip design [1] Group 1: Acquisition Details - The acquisition involves a cash payment of 326 million yuan [1] - Sichao Technology specializes in high-performance, ultra-low-power IoT chip design [1] - The company’s product development focuses on data collection, processing, and edge AI inference for AIoT applications [1] Group 2: Application Areas - The applications of Sichao Technology's products include smart wearables, health devices, smart home products, smart terminals, industrial instruments, and smart buildings [1]

Core Viewpoint - Ankai Micro (688620) announced the acquisition of 85.79% equity in Siche Technology (Nanjing) Co., Ltd. for a cash consideration of 326 million yuan [1] Company Summary - Siche Technology specializes in the design of innovative, high-performance, ultra-low-power IoT chips [1] - The company's product development focuses on ultra-low-power data collection, processing, and edge AI inference to meet the comprehensive requirements of computing power, energy efficiency, cost, and real-time performance in AIoT scenarios [1] - Specific applications of Siche Technology's products include smart wearables, health devices, smart home products, smart terminals, industrial instruments, and smart buildings [1]