长江商报消息 ●长江商报记者 徐佳 实施资产重组，晶升股份（688478.SH）以期整合资源、增厚业绩，应对当前主营业务的挑战。 日前，晶升股份发布重组草案，公司拟作价8.57亿元，通过发行股份及支付现金的方式收购北京为准智 能科技股份有限公司（以下简称"为准智能"）100%股份，并募集配套资金3.16亿元。 据了解，为准智能是无线通信测试领域领先的企业，其与晶升股份均服务于半导体产业链。通过本次收 购，晶升股份将提升技术水平、产品竞争力和客户服务能力，更为重要的是，为准智能的并表将帮助晶 升股份走出当前的业绩困境。 业绩预告显示，受碳化硅相关产品销售收入下降、产品定价策略优化、验收产品结构变动等因素影响， 2025年晶升股份陷入亏损，预计归母净利润为-4100万元至-2900万元。 本次交易中，交易对手方承诺，2026年至2028年，为准智能的净利润将合计不低于1.98亿元。 但需要注意的是，本次交易，为准智能估值溢价率达到307.03%。交易完成之后，晶升股份的商誉将由 0增至6.9亿元。如果为准智能经营不达预期，商誉减值风险不容小觑。 溢价307%收购为准智能拓宽主业 晶升股份本次重组将分为资产购买、配 ...

Group 1: Semiconductor Industry Price Increase - The semiconductor industry is experiencing a widespread price increase across the entire supply chain, affecting key areas such as LED chips, packaging, and terminal applications [2][3] - This price adjustment is driven by rising raw material costs, long-term low-price competition, and regulatory policies, indicating a structural transformation rather than a short-term market fluctuation [2][3] - The price increase reflects a shift from "price competition" to a "value competition" model focused on technology, quality, and service, suggesting a systemic reshaping of the Chinese LED industry [3] Group 2: Performance of Semiconductor Companies - A-share semiconductor companies are reporting significant annual performance increases, with companies like Zhaoyi Innovation expecting a revenue of approximately 9.203 billion yuan, a 25% increase year-on-year [5] - Huafeng Measurement Control anticipates a revenue increase of 370 million to 508 million yuan, representing a year-on-year growth of 41% to 56% [5] - Zhongwei Company forecasts a revenue of about 12.385 billion yuan, a year-on-year increase of approximately 36.62% [5] Group 3: Mergers and Acquisitions in the Semiconductor Sector - Jing Sheng Co. announced plans to acquire 100% of Ningbo Weizhun Intelligent Technology Co., with a transaction value of 857 million yuan, marking a significant move in the semiconductor equipment sector [8] - Nasda's subsidiary, Jihai China, plans to acquire a 50.56% stake in Hong Kong-listed Meijiayin Holdings for a total consideration of 168 million HKD, indicating a strategic expansion into the Hong Kong capital market [9] - These acquisitions are expected to enhance the companies' technological capabilities and market presence, facilitating deeper capital and industrial synergies [8][9]

Wind数据显示，1月23日，晶升股份报43.70元/股，总市值60.5亿元。 "股份+现金"收购为准智能 完善半导体产业链布局 本次交易方案采用"股份+现金"结合的支付方式。其中，现金对价2.96亿元，股份对价5.61亿元，发 行价格为28.93元/股，拟发行股份数量约1940.31万股，占发行后公司总股本的12.30%。 晶升股份1月23日晚发布公告称，拟通过发行股份及支付现金的方式，购买本尚科技等10名交易对 方持有的北京为准智能科技股份有限公司（简称"为准智能"）100%股份，同时募集配套资金。交易作 价为8.57亿元。 【资料图】 公告称，本次交易构成重大资产重组，不构成重组上市，交易完成后公司实际控制人仍为李辉，为 准智能将成为上市公司控股子公司。此次并购将推动晶升股份拓展半导体产业链，强化核心竞争力。 收购仍存多重不确定性 本次交易为晶升股份带来发展新机遇的同时，也需关注多重风险因素。从交易推进来看，本次交易 方案尚需公司股东会审议通过、上交所审核及证监会注册，审批进程及结果存在不确定性。 为准智能评估增值率达307.03%，若未来市场环境等出现重大不利变化，可能导致评估值与实际情 况存在差异； ...

本次交易方案采用"股份+现金"结合的支付方式。其中，现金对价2.96亿元，股份对价5.61亿元，发行价 格为28.93元/股，拟发行股份数量约1940.31万股，占发行后公司总股本的12.30%。 交易对方涵盖本尚科技、小米智造、葛思静等10名主体。公司拟向不超过35名特定投资者募集配套资金 3.16亿元，主要用于支付本次交易现金对价及中介机构费用，其中93.66%的配套资金将直接用于现金对 价支付，保障交易顺利推进。 为准智能深耕无线通信测试领域，是国家级专精特新"小巨人"企业，核心产品包括无线信号综合测试 仪、程控电源等，服务于小米、比亚迪、传音控股、华勤技术、蓝思科技等知名客户。公告显示，2025 年1—9月，为准智能归母净利润达3239.76万元，盈利能力较强。 为准智能所处行业属于战略性新兴产业中的电子核心产业，与晶升股份现有半导体晶体生长设备业务同 属半导体产业链，能够形成显著协同效应。 晶升股份1月23日晚发布公告称，拟通过发行股份及支付现金的方式，购买本尚科技等10名交易对方持 有的北京为准智能科技股份有限公司（简称"为准智能"）100%股份，同时募集配套资金。交易作价为 8.57亿元。 公告 ...

上市公司并购重组方兴未艾。 龙韵股份（603729）（603729）1月23日晚间发布公告称，公司拟筹划以发行股份的方式购买新疆愚恒 影业集团有限公司（简称"愚恒影业"）58%股权。本次交易完成后，愚恒影业将成为公司的全资子公 司。根据《上市公司重大资产重组管理办法》等相关法律法规规定，经初步测算，本次交易预计构成重 大资产重组，构成关联交易。 同日，晶升股份（688478）发布公告称，公司拟通过发行股份及支付现金的方式购买北京本尚科技合伙 企业（有限合伙）、北京小米智造股权投资基金合伙企业（有限合伙）等10名交易对方持有的北京为准 智能科技股份有限公司（简称"为准智能"）100%股份，同时募集配套资金。为准智能100%股份的交易 作价为8.57亿元。本次交易构成关联交易和重大资产重组，但不构成重组上市。交易完成后，为准智能 将成为上市公司控股子公司。 公告称，本次交易前，晶升股份是一家半导体专用设备供应商，主要从事晶体生长设备的研发、生产和 销售，向半导体材料厂商及其他材料客户提供半导体级单晶硅炉、碳化硅单晶炉和其他设备等定制化产 品及工艺技术服务。为准智能专注于无线通信领域测试设备的研发、生产和销售，是一 ...

Group 1 - The core viewpoint of the article highlights the ongoing trend of mergers and acquisitions in the market, with specific examples from companies such as Longyun Co., Ltd. and Jingsheng Co., Ltd. [1][4] Group 2 - Longyun Co., Ltd. announced plans to acquire 58% of Xinjiang Yuheng Film Group, which will become a wholly-owned subsidiary post-transaction. This deal is classified as a major asset restructuring and related party transaction [1]. - The stock of Longyun Co., Ltd. will be suspended from trading starting January 26, 2026, for a period not exceeding 10 trading days to ensure fair information disclosure and protect investor interests [3]. Group 3 - Jingsheng Co., Ltd. plans to acquire 100% of Beijing Weizhun Intelligent Technology Co., Ltd. for a total consideration of 857 million yuan, through a combination of issuing shares and cash payments. This transaction is also categorized as a related party transaction and major asset restructuring [4]. - Jingsheng Co., Ltd. is a supplier of semiconductor equipment, while Weizhun Intelligent specializes in wireless communication testing equipment, indicating a strategic alignment that could enhance Jingsheng's product offerings and market position [4][5]. Group 4 - Post-acquisition, Jingsheng Co., Ltd. aims to leverage synergies in technology development, customer resources, and operational efficiency, which is expected to improve its product competitiveness and market share [5]. - Jingsheng Co., Ltd. anticipates a significant decline in net profit for the fiscal year 2025, projecting a loss between 41 million to 29 million yuan, representing a year-over-year decrease of 176.28% to 153.96% [5].

Group 1 - The core point of the article is that Jing Sheng Co., Ltd. plans to acquire 100% equity of Ningbo Weizhun Intelligent Technology Co., Ltd. for a total consideration of 857 million yuan through a combination of share issuance and cash payment [1][2] - The acquisition involves ten counterparties and is classified as a related party transaction and a major asset restructuring, although it does not meet the conditions for a restructuring listing [1][2] - Jing Sheng Co., Ltd. is a leading supplier of semiconductor equipment in China, focusing on the research, production, and sales of crystal growth equipment, including semiconductor-grade single crystal silicon furnaces and silicon carbide single crystal furnaces [2][3] Group 2 - The target company, Weizhun Intelligent, specializes in wireless communication testing and provides testing solutions centered around wireless signal comprehensive testing instruments and programmable power supplies, establishing a strong technical advantage and customer resource system in the industry [2][3] - Upon completion of the transaction, Jing Sheng Co., Ltd. will add a wireless communication testing equipment business segment to its existing semiconductor equipment operations, further extending its layout in the new generation information technology industry chain [2][3] - The acquisition is a strategic move for Jing Sheng Co., Ltd. to enhance its comprehensive competitiveness in the high-end equipment sector, optimize its business structure, and improve long-term profitability [2][3]