公告强调，截至目前，本次交易项下股权未交割，蓝芯合伙未支付股权转让价款。终止交易是基于公司 自身情况和上海星思半导体现状，旨在控制投入、减少对外投资对公司的影响，维护公司及全体股东尤 其是中小股东的利益。 蓝盾光电于2020年8月登陆创业板，主营业务为高端分析测量仪器的研制、生产、软件开发、数据应用 及服务，产品和服务主要用于环境监测、气象观测等领域；而成立于2020年的上海星思半导体，相关芯 片主要应用于5G CPE、卫星智能手机原型机、低轨卫星通信终端、卫星物联终端、卫星联测终端等产 品，双方主营业务相关性较弱。 蓝盾光电与上海星思半导体的关联可以追溯至2023年。2023年12月29日，蓝盾光电宣布以1.8亿元自有 资金参与上海星思半导体的新一轮融资，预计取得约5%的股权。按相应比例换算，上海星思半导体投 后估值约为36亿元，增值率高达5142.86%。而2022年和2023年前三季度，上海星思半导体却连续亏 损，合计亏损超过8亿元。 这项高溢价的跨界投资随即引来交易所关注。 2024年1月2日，深交所向蓝盾光电下发关注函，要求说明该项融资的筹划过程、关键决策环节及参与人 员，并要求核查公司董监高、持股 ...

据蓝盾光电公告，公司及其控制的蓝芯合伙经与交易对方珠海洛恒协商，拟终止关于上海星思半导体的《股权转让协议》并签署正式终止协议。 公告强调，截至目前，本次交易项下股权未交割，蓝芯合伙未支付股权转让价款。终止交易是基于公司自身情况和上海星思半导体现状，旨在控制投入、 减少对外投资对公司的影响，维护公司及全体股东尤其是中小股东的利益。 △图源：图虫 而在交易停滞期间，蓝盾光电控股股东及一致行动人多次减持。 △图源：图虫 蓝盾光电于2020年8月登陆创业板，主营业务为高端分析测量仪器的研制、生产、软件开发、数据应用及服务，产品和服务主要用于环境监测、气象观测 等领域；而成立于2020年的上海星思半导体，相关芯片主要应用于5G CPE、卫星智能手机原型机、低轨卫星通信终端、卫星物联终端、卫星联测终端等 产品，双方主营业务相关性较弱。 蓝盾光电与上海星思半导体的关联可以追溯至2023年。2023年12月29日，蓝盾光电宣布以1.8亿元自有资金参与上海星思半导体的新一轮融资，预计取得 约5%的股权。按相应比例换算，上海星思半导体投后估值约为36亿元，增值率高达5142.86%。而2022年和2023年前三季度，上海星思半导 ...

Core Viewpoint - Blue Shield Optoelectronics experienced a stock price increase of 5.48%, reaching 27.15 CNY per share, with a trading volume of 165 million CNY and a turnover rate of 4.10%, resulting in a total market capitalization of 5.012 billion CNY [1] Company Overview - Anhui Blue Shield Optoelectronics Co., Ltd. was established on December 28, 2001, and went public on August 24, 2020. The company is located in the Electronic Industrial Zone of Shicheng Road, Tongling City, Anhui Province. Its main business includes the manufacturing of high-end analytical measurement instruments, software development, system integration, engineering, operation and maintenance services, data services, and production of military radar components [1] - The revenue composition of the company is as follows: Environmental Monitoring 82.61%, Traffic Management 11.66%, Meteorological Observation 3.19%, and Others 2.55% [1] Shareholder Information - Longcheng Fund has a fund that ranks among the top ten circulating shareholders of Blue Shield Optoelectronics. The Longcheng Jiujia Innovation Growth Mixed A Fund (004666) entered the top ten circulating shareholders in the third quarter, holding 2.7 million shares, which accounts for 1.78% of the circulating shares. The estimated floating profit today is approximately 3.807 million CNY [2] - The Longcheng Jiujia Innovation Growth Mixed A Fund (004666) was established on July 5, 2017, with a latest scale of 1.974 billion CNY. Year-to-date returns are 38.02%, ranking 1733 out of 8122 in its category; the one-year return is 36.36%, ranking 1663 out of 8056; and since inception, the return is 124.08% [2]

Core Insights - Blue Shield Optoelectronics experienced a stock price increase of 5.03%, reaching 25.66 CNY per share, with a trading volume of 81.34 million CNY and a turnover rate of 2.14%, resulting in a total market capitalization of 4.737 billion CNY [1] Company Overview - Anhui Blue Shield Optoelectronics Co., Ltd. was established on December 28, 2001, and went public on August 24, 2020. The company specializes in high-end analytical measurement instrument manufacturing, software development, system integration, engineering, operation and maintenance services, data services, and military radar component production [1] - The revenue composition of the company is as follows: environmental monitoring 82.61%, traffic management 11.66%, meteorological observation 3.19%, and others 2.55% [1] Shareholder Information - Longcheng Fund's Longcheng Jiujia Innovation Growth Mixed A (004666) fund entered the top ten circulating shareholders of Blue Shield Optoelectronics in the third quarter, holding 2.7 million shares, which accounts for 1.78% of the circulating shares. The estimated floating profit today is approximately 3.321 million CNY [2] - Longcheng Jiujia Innovation Growth Mixed A (004666) was established on July 5, 2017, with a latest scale of 1.974 billion CNY. Year-to-date returns are 24.66%, ranking 2658 out of 8209 in its category; one-year returns are 22.62%, ranking 2597 out of 8129; and since inception, the return is 102.39% [2]

Core Insights - Anhui Landun Optoelectronics Co., Ltd. reported a significant decline in revenue and net profit for the first half of 2025, with total revenue of 186 million yuan, down 27.26% year-on-year [1][2] - The company experienced a net loss attributable to shareholders of 35.07 million yuan, a staggering decrease of 1877.03% compared to the previous year [1][2] - The basic earnings per share were reported at -0.19 yuan, reflecting a drastic decline from 0.01 yuan in the same period last year [1][2] Financial Performance - Revenue for the reporting period was 186 million yuan, compared to 255 million yuan in the same period last year, marking a 27.26% decrease [2] - The net profit attributable to shareholders was -35.07 million yuan, down from a profit of 1.97 million yuan, indicating a decline of 1877.03% [2] - The net profit after deducting non-recurring gains and losses was -41.42 million yuan, a decrease of 1205.55% from -3.17 million yuan in the previous year [2] - The net cash flow from operating activities was -34.38 million yuan, an improvement of 48% compared to -66.17 million yuan in the previous year [2][3] Cost Structure - Sales expenses for the first half of 2025 were 19.75 million yuan, down 18.38% from 24.19 million yuan in the previous year [3] - Management expenses increased by 24.41% to 26.93 million yuan, up from 21.64 million yuan [3] - Financial expenses were reported at -4.15 million yuan, slightly improved from -4.76 million yuan in the previous year [3] Balance Sheet - Total assets at the end of the reporting period were 2.46 billion yuan, a decrease of 4.2% from 2.57 billion yuan at the end of the previous year [2] - The net assets attributable to shareholders were 1.97 billion yuan, down 1.8% from 2.01 billion yuan [2] - Accounts receivable stood at 447 million yuan, indicating the company's liquidity position [3] Company Overview - Founded in December 2001 and listed on August 24, 2020, the company specializes in high-end analytical measurement instrument manufacturing, software development, operation and maintenance services, and data services [3]

Core Viewpoint - The company, Blue Shield Optoelectronics, is facing challenges in its precision manufacturing business, leading to losses starting from the 2023 fiscal year, which are expected to continue. As a result, the company plans to divest this business segment by January 2025 to Blue Shield Defense [2]. Group 1: Business Performance - The precision manufacturing business, including military radar components, has been impacted by declining market demand, adjustments in major customer procurement mechanisms, and falling prices in the supply chain [2]. - The company has reported that it is unable to benefit from the precision manufacturing business due to its continuous loss status [2]. Group 2: Core Business Focus - The main business of the company involves the research and production of high-end analytical measurement instruments, software development, and data applications and services [2]. - The products and services offered by the company are primarily utilized in environmental monitoring, smart transportation, and meteorological observation sectors [2].