一、董事会会议召开情况 | 证券代码：002049 | 证券简称：紫光国微 | 公告编号：2026-004 | | --- | --- | --- | | 债券代码：127038 | 债券简称：国微转债 | | 紫光国芯微电子股份有限公司 第八届董事会第三十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 在本次董事会审议前，本议案已经公司独立董事专门会议 2026 年第一次会 议审议，全体独立董事一致同意本议案，并同意将本议案提交公司董事会审议。 紫光国芯微电子股份有限公司（以下简称"公司"）第八届董事会第三十六 次会议通知于 2026 年 1 月 9 日以电子邮件的方式发出，会议于 2026 年 1 月 13 日在北京市海淀区知春路 7 号致真大厦 B 座 16 层公司会议室以现场与通讯相结 合的方式召开，会议应出席董事 9 人，实际出席董事 9 人。会议由董事长陈杰先 生召集并主持。公司全体高级管理人员列席了会议。会议的召集、召开和表决程 序符合《中华人民共和国公司法》（以下简称《公司法》）和《紫光国芯微电子 股份有限公司章程》（以下简称 ...

紫光国微公告，公司正在筹划以发行股份及支付现金的方式购买资产，并募集配套资金。2026年1月13 日，公司召开第八届董事会第三十六次会议，审议通过了本次交易的预案及其他相关议案。根据相关规 定，经向深圳 证券交易所申请，公司股票及可转换公司债券将于2026年1月15日开市起复牌。截至本公 告披露日，本次交易涉及的审计、评估等工作尚未完成，公司拟暂不召开审议本次交易的股东会。待相 关审计、评估等工作完成后，公司将再次召开董事会审议本次交易的相关议案，并依法定程序召集股东 会审议本次交易的相关议案。 ...

Core Viewpoint - The company, Ziguang Guowei, is planning to acquire assets through a combination of issuing shares and cash payments, while also raising matching funds [1] Group 1: Company Actions - On January 13, 2026, the company held its 36th meeting of the 8th Board of Directors, where the proposal for this transaction and other related resolutions were approved [1] - The company has applied to the Shenzhen Stock Exchange for the resumption of trading of its stocks and convertible bonds starting January 15, 2026 [1] - As of the date of this announcement, the auditing and evaluation work related to the transaction has not been completed, and the company plans to postpone the shareholders' meeting to discuss the transaction [1] Group 2: Future Steps - Once the relevant auditing and evaluation work is completed, the company will convene another Board of Directors meeting to review the related resolutions for the transaction [1] - The company will follow legal procedures to convene a shareholders' meeting to discuss the related resolutions for the transaction [1]

紫光国微公告，公司计划通过发行股份及支付现金的方式向南昌建恩、北京广盟、天津瑞芯、建投华科 等14名交易对方购买其合计持有的瑞能半导100%股权，并拟向不超过35名特定投资者发行股份募集配 套资金。截至本预案签署日，标的公司的审计、评估工作尚未完成，标的资产评估值及交易作价尚未确 定。标的资产的最终交易对价将以符合《证券法》规定的资产评估机构出具的评估报告确定的评估结果 为基础，由上市公司与交易对方协商确定。 ...

Core Viewpoint - The commercial aerospace sector in China's A-share market is experiencing significant growth driven by a combination of policy support, capital influx, and technological advancements, with the market expected to reach 2.8 trillion yuan by 2025, nearly a tenfold increase from 2022 [3]. Policy and Regulation - The 2025 government work report emphasizes the construction of a technology-driven nation, launching major national science and technology projects, and enhancing the infrastructure for major technological advancements [3]. - The establishment of the Commercial Aerospace Department by the National Space Administration aims to integrate commercial aerospace into the national development framework, focusing on core technology research and development [3]. - The Shanghai Stock Exchange has introduced guidelines to facilitate the listing of commercial rocket companies on the Sci-Tech Innovation Board, opening up domestic capital markets for these enterprises [3][4]. Capital Investment - The total financing in the commercial aerospace industry is projected to reach 18.6 billion yuan in 2025, marking a 32% year-on-year increase, with significant investments from various funds [4][5]. - The secondary market is witnessing heightened activity, with over 20 listed companies issuing risk warnings related to commercial aerospace concepts, yet capital continues to flow into the sector [4]. Technological Breakthroughs - 2025 is anticipated to be a pivotal year for reusable rockets in China, with multiple models expected to undergo test flights, potentially reducing launch costs significantly [5]. - The cost of rocket launches is projected to drop from 60,000-80,000 yuan per kilogram to below $10,000, approaching the levels of SpaceX's reusable rockets [5]. Industry Structure - The commercial aerospace industry is segmented into four core areas: rocket manufacturing and launching, satellite manufacturing and operation, application services, and core supporting industries [6][7]. - The rocket manufacturing sector is characterized by competition between state-owned enterprises and private companies, while satellite production is shifting towards more efficient, assembly-line methods [6]. - The application services market is expanding, with satellite communication technologies becoming more accessible to the general public, including features in smartphones and logistics solutions [7]. Market Potential - The space economy is projected to reach a trillion-dollar market size by 2035, with significant growth expected in both traditional space industries and downstream applications enabled by space technology [8].

Group 1 - 18 stocks including Ziguang Guowei, Yingfang Micro, and Hunan Gold were suspended from trading on January 13 [1]

Group 1 - The satellite industry is experiencing strong performance, with related ETFs attracting significant capital inflows, indicating substantial mid-to-long-term investment value due to policy support, technological breakthroughs, and market demand [1][2] - As of January 7, 2025, the Yongying Satellite ETF and the China Merchants Satellite Industry ETF have each received over 1 billion yuan in net inflows this year, while the Fortune Satellite ETF and the E Fund Satellite ETF have attracted 965 million yuan and 385 million yuan respectively [1] - The total net inflows for the Yongying Satellite ETF since Q4 2025 amount to 5.257 billion yuan, with the China Merchants Satellite Industry ETF and the Fortune Satellite ETF receiving 1.627 billion yuan and 1.22 billion yuan respectively [1] Group 2 - The strong performance of the satellite sector is attributed to multiple factors, including key technological breakthroughs, clear national strategies, sustained industrial demand, and active market recognition [2] - The Ministry of Industry and Information Technology supports new models like "mobile direct satellite" applications, aiming for over 10 million satellite communication users by 2030 and issuing satellite internet licenses to multiple operators [2] - The commercial space sector is expected to see a surge in IPOs following the revision of the fifth set of standards on the Sci-Tech Innovation Board, which includes commercial aerospace [2] Group 3 - Institutions are particularly focused on companies' future strategies in the commercial aerospace sector, with companies like Unisoc highlighting their advancements in products for this strategic area [3] - The successful launch of the Zhuque-3 rocket is seen as a critical solution to the long-standing issue of insufficient heavy-lift capacity in China's commercial aerospace, potentially accelerating satellite communication network deployment [3] - The satellite industry is anticipated to enter a new development phase driven by strong policy support and ongoing industrial progress, presenting mid-to-long-term investment opportunities [3]

Core Insights - The operational data of four companies in the FPGA industry reveals a clear distinction between "light asset short cycle leaders" and "heavy R&D long cycle pressures" [1][5] Group 1: Operational Efficiency - Xinhenghui leads in operational efficiency with a cycle of 199.94 days, a stock turnover rate of 3.42 times, and a total asset turnover rate of 0.41 times, significantly outperforming its peers [1][3][2] - Fudan Microelectronics and Anlu Technology are experiencing long operational cycles exceeding 800 days, with stock turnover rates below 0.5 times, indicating lower operational efficiency [1][6][2] - Unigroup Guowei is positioned in the middle tier with stable performance across various metrics, reflecting a balanced operational strategy [1][8] Group 2: Business Models and Strategies - Xinhenghui's advantage stems from its focus on light asset business in smart security chip packaging and testing, which requires less capital investment compared to FPGA design firms [3][9] - Fudan Microelectronics and Anlu Technology's long cycles are a result of their commitment to high R&D investments in FPGA chip design, which limits short-term operational efficiency [6][7] - Unigroup Guowei's diversified business model allows it to balance R&D costs and operational efficiency, contributing to its stable performance [8][9] Group 3: Market Dynamics - The FPGA market is undergoing changes, with increased competition in the mid-to-low-end segments and continued dominance by major players in the high-end market, necessitating strategic choices for domestic companies [9] - Companies like Xinhenghui are focusing on niche markets to enhance asset turnover efficiency, while Fudan Microelectronics and Anlu Technology are navigating long cycles as a necessary cost of technological advancement [9]

Group 1 - The core viewpoint of the article is that Unigroup Guowei (002049) plans to acquire Ruineng Semiconductor to enhance its power device industry layout and strengthen its technical and market capabilities in this field [1] Group 2 - The acquisition aims to deepen collaboration in product complementarity and supply chain cooperation [1] - This move is part of the company's medium to long-term development plan [1]

Core Viewpoint - The company, Ziguang Guowei, is actively engaged in the research, design, and sales of eSIM card chips, indicating a focus on integrated solutions that combine software and security technologies for clients [1] Group 1: Company Developments - The company has completed comprehensive access approvals from the three major domestic telecom operators, positioning itself as a leader in the domestic eSIM market [1] - There is an expectation for rapid growth in domestic eSIM products, which is anticipated to significantly contribute to the company's performance [1] Group 2: Industry Context - The development of eSIM technology is more advanced internationally compared to the domestic market, which is still in its early stages [1]