公司股票将于2025年12月10日(星期三)开市起复牌，公司定向可转换公司债券将于2025年12月10日(星期 三)开市起恢复转股。 思瑞浦(688536.SH)发布公告，筹划本次重大资产重组以来，公司及相关各方严格按照相关法律法规的 要求，积极推动本次重大资产重组相关的各项工作，与本次重大资产重组的交易对方进行了积极磋商和 沟通。经审慎研究相关各方意见，积极磋商和认真探讨后，认为目前实施重大资产重组的条件尚未完全 成熟。为切实维护公司及全体股东利益，经公司审慎研究，并与交易各方协商一致，决定终止筹划本次 重大资产重组事项。 ...

公司股票将于2025年12月10日(星期三)开市起复牌，公司定向可转换公司债券将于2025年12月10日(星期 三)开市起恢复转股。 智通财经APP讯，思瑞浦(688536.SH)发布公告，筹划本次重大资产重组以来，公司及相关各方严格按 照相关法律法规的要求，积极推动本次重大资产重组相关的各项工作，与本次重大资产重组的交易对方 进行了积极磋商和沟通。经审慎研究相关各方意见，积极磋商和认真探讨后，认为目前实施重大资产重 组的条件尚未完全成熟。为切实维护公司及全体股东利益，经公司审慎研究，并与交易各方协商一致， 决定终止筹划本次重大资产重组事项。 ...

Group 1 - The core point of the article is that SIRUI (688536) announced the termination of its acquisition of Ningbo Aola Semiconductor Co., Ltd. after only half a month of planning, leading to the resumption of its stock trading on December 10 [1][2] - The restructuring process began with the initial announcement on November 25, and the company's stock was suspended from trading starting November 26 [1][2] - The reason for terminating the major asset restructuring was that the conditions for implementation were not fully mature, and the decision was made to protect the interests of the company and all shareholders [2] Group 2 - SIRUI indicated that it will continue to pursue its strategic goals and explore various business cooperation opportunities with Aola Semiconductor in the future when conditions are appropriate [2] - Aola Semiconductor, established in 2018, focuses on the research, design, and sales of analog chips and mixed-signal chips, with products including clock chips, power management chips, and sensor chips, among which clock chips are the company's flagship products [2]

人民财讯12月9日电，思瑞浦(688536)12月9日公告，公司因筹划以发行股份及/或支付现金的方式购买奥 拉股份股权并募集配套资金事项，公司股票自2025年11月26日开市起开始停牌，公司定向可转换公司债 券自2025年11月26日开市起停止转股。预计停牌时间不超过10个交易日。经审慎研究，公司决定终止筹 划本次重大资产重组事项，公司股票自2025年12月10日开市起复牌，公司定向可转换公司债券自2025年 12月10日开市起恢复转股。 ...

格隆汇12月9日丨思瑞浦(688536.SH)公布，经审慎研究，公司决定终止筹划本次重大资产重组事项，公 司股票自2025年12月10日（星期三）开市起复牌，公司定向可转换公司债券自2025年12月10日（星期 三）开市起恢复转股。筹划本次重大资产重组以来，公司及相关各方严格按照相关法律法规的要求，积 极推动本次重大资产重组相关的各项工作，与本次重大资产重组的交易对方进行了积极磋商和沟通。经 审慎研究相关各方意见，积极磋商和认真探讨后，认为目前实施重大资产重组的条件尚未完全成熟。为 切实维护公司及全体股东利益，经公司审慎研究，并与交易各方协商一致，决定终止筹划本次重大资产 重组事项。 ...

| 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-073 | | --- | --- | --- | | 转债代码：118500 | 债券简称：思瑞定转 | | 思瑞浦微电子科技（苏州）股份有限公司 关于终止筹划重大资产重组事项的复牌公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券停复牌情况：适用 因终止筹划发行股份及/或支付现金的方式购买资产事项,本公司的相关证券停复 牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | | 688536 | 思瑞浦 | A 股 | 复牌 | | | 2025/12/9 | 2025/12/10 | | 118500 | 思瑞定转 | 可转债转股复 牌 | | | | 2025/12/9 | 2025/12/10 | 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"） ...

思瑞浦公告，公司决定终止筹划以发行股份及/或支付现金的方式购买宁波奥拉半导体股份有限公司股 权并募集配套资金的重大资产重组事项。公司股票自2025年12月10日开市起复牌，公司定向可转换公司 债券自2025年12月10日开市起恢复转股。 ...

Core Viewpoint - Zhongtai Securities (Shanghai) Asset Management Co., Ltd. announced adjustments to the valuation method for certain funds' suspended stocks, specifically adopting the "index yield method" for the stock "Siyirpu" (stock code: 688536) starting from December 3, 2025 [1] Group 1 - The decision was made in accordance with the guidelines from the China Securities Regulatory Commission and the Asset Management Association of China [1] - The adjustment aims to better protect the interests of fund shareholders [1] - The valuation method will revert to using the closing price on the day of resumption of trading once the stock exhibits active market trading characteristics [1]

Core Viewpoint - The company is actively pursuing a significant asset restructuring involving the acquisition of equity in Ningbo Aola Semiconductor Co., Ltd, which may qualify as a major asset restructuring under relevant regulations [2] Group 1: Asset Restructuring Details - The restructuring will involve issuing shares and/or cash payments to acquire the equity of Ningbo Aola Semiconductor [2] - Preliminary assessments indicate that this transaction is expected to be classified as a major asset restructuring but will not involve related party transactions or changes in the actual control of the company [2] Group 2: Stock Suspension Information - To ensure fair information disclosure and protect investor interests, the company's stock and convertible bonds will remain suspended from trading starting November 26, 2025, for a period not exceeding 10 trading days [2] - As of December 3, 2025, the company and relevant parties are still actively working on the transaction, engaging in communication, negotiation, and verification regarding the transaction plan [2] Group 3: Market Impact Considerations - The company is taking measures to avoid significant fluctuations in stock prices due to the uncertainties surrounding the transaction [2]

Core Viewpoint - The semiconductor industry is experiencing a wave of mergers and acquisitions (M&A) driven by the integration of capital and technology, with expansion being the central theme for 2025. However, the outcomes of these M&A activities are varied, with some companies facing challenges in profitability despite aggressive acquisition strategies [1][8]. Group 1: M&A Activity and Market Trends - The semiconductor sector is witnessing a surge in M&A announcements, with significant transactions such as the acquisition of Chengxin Micro by Hidi Micro for 310 million yuan and the acquisition of 86.12% of Aola Semiconductor by SIRUI [3][4]. - The total disclosed transaction value in China's M&A market exceeded 170 billion USD in the first half of 2025, marking a 45% increase year-on-year, with high-tech and health sectors being prominent areas for large-scale M&A [3][4]. Group 2: Strategic Motivations for M&A - Companies are pursuing M&A to rapidly acquire technology and strategically position themselves in the market, with a focus on achieving synergies between products and customer resources [4][7]. - The recovery of the consumer electronics market is providing a favorable environment for business integration post-M&A, as evidenced by Hidi Micro's projected revenue growth of 38.56% in 2024 [5][6]. Group 3: Challenges and Risks in M&A - Not all M&A transactions yield the expected results, as high technical barriers and strong business interconnections in the semiconductor industry complicate post-merger integration [8][10]. - For instance, Kangda New Materials faced significant challenges after acquiring several companies, leading to a decline in profitability and substantial goodwill impairments due to underperformance of acquired entities [9][10].