点击蓝字关注我们 长江商报记者 徐佳 面临市场竞争压力的晶升股份（688478.SH），将通过外延式并购延伸产业链，改善盈利能力。 9月8日晚间，晶升股份发布重组预案，拟通过发行股份及支付现金的方式购买北京为准智能科技股份有限公司（以下简称"为准智能"）全部股份并取得为 准智能的控制权，同时募集配套资金。 由于为准智能主要从事无线通信领域测试设备的研发、生产和销售，与晶升股份同为半导体产业链公司，通过本次重组，晶升股份的业务将延伸至具体的 终端产品应用领域中，完成产业链的垂直整合。 长江商报记者注意到，继上市次年增收不增利之后，2025年上半年，晶升股份实现营业收入1.58亿元，同比下降20.29%；归属于上市公司股东的净利润 （以下简称"净利润"）亏损745.09万元，同比由盈转亏。若为准智能顺利并表，晶升股份的盈利能力、财务表现将得到显著提升。 对于中期亏损，晶升股份称，主要系行业周期性波动、公司本期验收产品结构暂时性变动及主要验收的光伏产品毛利率下降所致。2025年上半年，晶升股 份的毛利率大幅下降至3.87%。 二级市场上，披露重组预案之后，9月9日晶升股份盘中大跌超12%，尾盘收跌9.14%，报37 ...

Core Viewpoint - The stock price of Jing Sheng Mechanical & Electrical Co., Ltd. closed at 29.80 yuan on August 26, 2025, reflecting a decrease of 0.15 yuan or 0.50% from the previous trading day [1] Company Summary - Jing Sheng Mechanical & Electrical Co., Ltd. specializes in the research and manufacturing of photovoltaic equipment, operating within the photovoltaic equipment industry [1] - The company's main products include crystal growth equipment and intelligent processing equipment, which are widely used in photovoltaic and semiconductor fields [1] Financial Summary - According to the latest semi-annual report, insurance funds have newly entered the top ten circulating shareholders of Jing Sheng Mechanical & Electrical Co., Ltd. in the second quarter of 2025 [1] - In the second quarter, insurance capital focused on sectors such as chemicals, machinery, and electrical equipment, with Jing Sheng Mechanical & Electrical Co., Ltd. being favored among several electrical equipment companies [1] - On August 26, 2025, the net outflow of main funds for Jing Sheng Mechanical & Electrical Co., Ltd. was 31.85 million yuan, with a cumulative net outflow of 131 million yuan over the past five days [1]

中国上市公司网 2025年7月7日-2025年7月13日期间IPO动态各个阶段速览： 一、IPO排队企业情况 截至7月13日，IPO排队企业312家，其中沪主板排队企业30家，科创板排队企业37家，深主板排队企业 27家，创业板排队企业32家，北交所排队企业189家。 | 序号 | IPO 板块 | 受理 | 问询 | 通过 | 中止 | 提交注册 | 合计 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 沪主板 | 7 | 19 | 3 | 0 | 1 | 30 | | 2 | 科创板 | 12 | 20 | 0 | 1 | 4 | 37 | | 3 | 深主板 | 5 | 14 | 6 | 1 | 1 | 27 | | র্ব | 创业板 | 6 | 20 | 3 | 1 | 2 | 32 | | 5 | 北交所 | 85 | 62 | 2 | 26 | 11 | 186 | | 统计 | | 115 | 135 | 14 | 29 | 19 | 312 | 二、新增上市企业情况 7月7日至7月13日期间，北京屹唐半导体科技股份有限公司、 ...

Investment Rating - The semiconductor equipment industry is rated as "Recommended" [2] Core Insights - The acquisition of a 9.49% stake in ChipSource by North Huachuang for 1.687 billion yuan signifies a major step in industry consolidation [1] - The transaction price of 88.48 yuan per share is attractive, with the estimated valuation significantly lower than other domestic competitors [2] - North Huachuang's acquisition is expected to enhance its platform strategy and improve overall competitiveness in the semiconductor equipment sector [2][3] - The entry of industry leaders into ChipSource is likely to accelerate the domestic replacement of Track equipment, which has been slower than market expectations [3] - The acquisition marks the beginning of a wave of mergers and acquisitions in the semiconductor equipment sector, reflecting the government's emphasis on breakthroughs in core technologies [4] Summary by Sections Event Overview - On March 10, North Huachuang and ChipSource announced the transfer of shares, with North Huachuang aiming to gain control over ChipSource through further acquisitions [1] Business Synergy - North Huachuang's main products include etching, thin film deposition, and other core equipment, while ChipSource specializes in Track and bonding equipment, enhancing the overall product offering [2] Industry Dynamics - The acquisition is seen as a response to the government's focus on domestic production capabilities in the semiconductor sector, with expectations of further consolidation among leading companies [4] Investment Recommendations - Beneficiaries in the front-end equipment segment include ChipSource, North Huachuang, and others, while back-end testing equipment and component manufacturers are also highlighted as potential investment opportunities [5]