9只个股今日获机构买入型评级，华润三九最新评级被调高，诺力股份为机构首次关注。 机构今日买入型评级记录 | 代码 | 简称 | 机构名称 | 最新评级 | 上次评级 | 预测目标价（元） | 最新收盘价（元） | | --- | --- | --- | --- | --- | --- | --- | | 000792 | 盐湖股份 | 国泰海通 | 增持 | 增持 | 31.86 | 25.91 | | 603611 | 诺力股份 | 甬兴证券 | 买入 | 未评级 | | 23.37 | | 688536 | 思瑞浦 | 华安证券 | 增持 | 增持 | | 148.18 | | 300740 | 水羊股份 | 光大证券 | 买入 | 买入 | | 20.00 | | 688525 | 佰维存储 | 东吴证券 | 买入 | 买入 | | 113.47 | | 688428 | 诺诚健华-U | 甬兴证券 | 买入 | 买入 | | 24.78 | | 000999 | 华润三九 | 西部证券 | 买入 | 增持 | | 28.26 | | 002371 | 北方华创 | 华安证券 | 买入 | 买入 | | ...

Core Viewpoint - The company Si Rui Pu (688536.SH) is actively advancing the relevant work for a transaction, engaging in communication, negotiation, and verification regarding the transaction plan, while acknowledging significant uncertainties associated with the transaction [1] Group 1 - The company and relevant parties are in the process of promoting the transaction and discussing its details [1] - Due to the major uncertainties surrounding the transaction, the company is taking measures to ensure fair information disclosure and protect investor interests [1] - As a result of these uncertainties, the company's stock and convertible bonds will continue to be suspended from trading [1]

截至本公告披露之日，公司及有关各方正在积极推进本次交易的相关工作， 就本次交易方案等进行沟通、协商和论证。鉴于本次交易的相关事项存在重大 不确定性，为保证公平信息披露，维护投资者利益，避免造成公司股价异常波 动，根据上海证券交易所相关规定，公司股票及定向可转换公司债券将继续停 牌。 停牌期间，公司将严格按照法律法规、规范性文件的有关规定积极推进本 次交易筹划事项的各项工作，履行必要的审议程序，尽快向上海证券交易所提 交披露符合相关规定的文件并申请股票复牌。 1 | 证券代码：688536 | 证券简称：思瑞浦 | 公告编号：2025-072 | | --- | --- | --- | | 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 关于筹划重大资产重组事项的停牌进展公告 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。 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）正在筹划以 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（以下简称"本次 ...

思瑞浦公告称，公司正筹划以发行股份及/或支付现金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，或构成重大资产重组，预计不构成关联交易和重组上市。公司股票自2025年11月26日开市 起停牌，定向可转换公司债券同日起停止转股，预计停牌不超10个交易日。截至公告披露日，交易仍在 推进，因事项存在重大不确定性，股票及债券将继续停牌，公司将尽快申请复牌，交易实施存在不确定 性。 ...

格隆汇12月2日丨思瑞浦(688536.SH)公布，截至本公告披露之日，公司及有关各方正在积极推进本次交 易的相关工作，就本次交易方案等进行沟通、协商和论证。鉴于本次交易的相关事项存在重大不确定 性，为保证公平信息披露，维护投资者利益，避免造成公司股价异常波动，根据上海证券交易所相关规 定，公司股票及定向可转换公司债券将继续停牌。 ...

Group 1 - The core point of the news is the performance of the Galaxy Innovation Growth Mixed Fund A and C, which experienced declines in November 2025, with A falling by 6.71% and C by 6.75% [1][2] - As of the end of the third quarter of 2025, Galaxy Innovation Growth Mixed Fund A had a scale of 13.875 billion yuan [1] - The fund primarily invests in the semiconductor industry chain, with its top ten holdings including companies like SMIC, Zhaoyi Innovation, and Cambrian [1] Group 2 - Galaxy Innovation Mixed Fund C was established on November 22, 2021, and has a cumulative return of -0.23% as of December 1, 2025, due to its launch during a market peak [1] - The current fund manager, Zheng Weishan, has a background in investment and research, having worked at various financial institutions before joining Galaxy Fund Management in October 2018 [1]

Core Viewpoint - The company Si Rui Pu (688536) is enhancing its product offerings and market position through the acquisition of Aola Semiconductor, which will complement its existing signal chain product line and strengthen its competitive edge in various markets [2][3][5]. Product Aspects - Aola Semiconductor's clock chips will provide a crucial addition to Si Rui Pu's signal chain product line, forming a complete product portfolio alongside operational amplifiers, comparators, and interface products [2]. - The integration of Aola Semiconductor's power products will help Si Rui Pu expand its key categories, such as multi-phase power and ET chips, thereby building differentiated competitive advantages in important application areas [2]. Market Aspects - Both Si Rui Pu and Aola Semiconductor have extensive market applications and customer bases, which will allow them to create a more comprehensive product portfolio targeting the communications market and solidifying their leadership in wireless communications [3]. - Si Rui Pu's rich customer resources in automotive and industrial sectors will support Aola Semiconductor's future business expansion [3]. Team and Technology Aspects - Both companies exhibit strong technology-driven characteristics, with outstanding R&D capabilities. Successful integration could enhance the overall technological competitiveness of the group [4]. Supply Chain Aspects - Si Rui Pu's accumulated expertise in processes and supply chain resources will aid in the continuous updating of Aola Semiconductor's products and improve cost competitiveness [5]. - The transaction price will be determined based on industrial acquisition logic, ensuring the protection of the listed company and minority shareholders' interests [5]. Financial Performance - For the first three quarters of 2025, Si Rui Pu reported a main revenue of 1.531 billion, a year-on-year increase of 80.47%, and a net profit of 126 million, up 227.64% year-on-year [5]. - In Q3 2025 alone, the company achieved a main revenue of 582 million, a 70.29% increase year-on-year, and a net profit of 60.32 million, reflecting a 282.31% year-on-year growth [5]. - The company's debt ratio stands at 13.72%, with an investment income of 32.76 million and a gross margin of 46.46% [5]. Analyst Ratings - In the last 90 days, 12 institutions have rated the stock, with 8 buy ratings and 4 hold ratings, and the average target price set at 208.97 [6].

Core Insights - Sirepo Microelectronics plans to acquire Ningbo Aura Semiconductor through share issuance and/or cash payment, aiming to enhance synergy and create a "1+1>2" effect in the high-end analog chip market [1] Industry Overview - The Chinese analog chip market is transitioning from "quantitative change" to "qualitative change," driven by the growth of digital economy, AI, and new energy sectors, with a projected market size exceeding 300 billion yuan by 2025 [2] - Domestic chip companies are shifting from single product lines to platform-based layouts, with Sirepo's acquisition of Aura Semiconductor aligning with this industry evolution [2] Company Synergies - The merger is expected to leverage the complementary technological strengths of both companies, with Aura's expertise in clock chips and power management filling gaps in Sirepo's offerings for high-end data centers and AI servers [2] - Aura Semiconductor has established itself as a competitive player in the clock chip market, recognized for its technology innovation, including a partnership with Onsemi for multi-phase power technology [2] Market Positioning - Sirepo has a strong presence in industrial, automotive, and communication markets, supported by a customer base of over 6,000 and a robust sales network, which will accelerate new product launches and market penetration [3] - The collaboration aims to provide comprehensive solutions in AI servers and data centers, challenging foreign monopolies in high-value sectors [4] Financial Performance - Aura Semiconductor achieved profitability in 2024, with a net profit of 307 million yuan from January to July, indicating successful product commercialization [4] - The structured governance and efficient management of Sirepo are expected to enhance Aura's operational efficiency and unlock its technological potential [4] Strategic Implications - The merger signifies a critical step in the consolidation of the Chinese chip industry, with resources increasingly concentrating on leading firms [4] - The combined entity is poised to enhance China's competitiveness in the global semiconductor arena through resource sharing and complementary strengths [4]

大同证券表示，中国芯片产业正通过持续技术迭代与生产效率提升稳步进阶，有望在先进制程领域实现 突破，从而进一步扩大全球市场份额，在行业竞争中占据更有利地位。 相关ETF：公开信息显示， 科创半导体ETF（588170）及其联接基金（A类：024417；C类：024418） 跟踪上证科创板半导体材料设备主题指数，囊括科创板中半导体设备（61%）和半导体材料（23%）细 分领域的硬科技公司。 半导体设备和材料行业是重要的国产替代领域，具备国产化率较低、国产替代 天花板较高属性，受益于人工智能革命下的半导体需求，扩张、科技重组并购浪潮、光刻机技术进展。 半导体材料ETF（562590）及其联接基金（A类：020356、C类：020357），指数中半导体设备 （61%）、半导体材料（21%）占比靠前，充分聚焦半导体上游。 （文章来源：每日经济新闻） 截至13:50，上证科创板100指数强势上涨1.15%，成分股东芯股份上涨15.74%，中科蓝讯上涨7.55%， 莱斯信息上涨7.28%，芯动联科，荣昌生物等个股跟涨。科创100ETF华夏（588800）上涨1.04%，最新 报价1.26元。 截至13:55，上证科创板半导 ...

Core Viewpoint - The domestic analog chip industry is undergoing significant consolidation, with Sirepu planning to acquire shares of Ningbo Aola Semiconductor, which could reshape the industry landscape and create a more competitive platform-based chip enterprise [2] Group 1: Business Complementarity - The acquisition's core value lies in the high synergy between the products and technologies of both companies. Sirepu, a leader in signal chain chips, has developed a collaborative structure across three product lines: signal chain, power management, and mixed-signal [3] - Aola Semiconductor specializes in high-performance analog and mixed-signal chip design, with products widely used in information communication, high-performance computing, data centers, IoT, and consumer electronics. This acquisition will fill Sirepu's product gap in clock chips and strengthen its power management product line [3] Group 2: Market Synergy and Technical Integration - The merger will create a strong complementary market presence, allowing Sirepu to provide comprehensive chip solutions to customers in telecommunications, automotive, and data center sectors, thereby enhancing its market competitiveness [4] - The technical integration is a significant aspect of the acquisition, with Sirepu having a strong R&D team and Aola Semiconductor demonstrating exceptional technological innovation, evidenced by recent technology licensing agreements with international semiconductor firms [4] Group 3: External Growth and Platform Development - The acquisition is expected to enhance Sirepu's revenue scale and profitability, positioning it among the industry's leaders and improving its resilience against market fluctuations, contributing to the sustainable development of China's semiconductor industry [5] - Sirepu's previous successful acquisition of Shenzhen Chuangxinwei has provided valuable experience for this external expansion. The partnership with Aola Semiconductor is anticipated to accelerate the domestic replacement process in key areas such as high-performance computing and new energy vehicles [6] - The merger is expected to generate significant synergies, with Sirepu's revenue growing over 80% year-on-year in the first three quarters of 2025, while Aola Semiconductor also maintains a positive growth trajectory. The integration of resources and optimization of sales channels will further enhance overall profitability [6]