zijinnian9yue“binggouliutiao”fabuhou，shangshigongsitongguokuaxingyebinggoujinruxinxingchanyedeanlilvjianbuxian。12yue10riwanjian，lingshouyejutouyouagufen（002277.sz）pilushougouyuan，nitongguobinggouqierubandaotichanye，gongsigupiaoyu12yue11rifupaijiaoyi。

yuanxianshi，gongsiniyifaxinggufenjizhifuxianjinfangshi，xiangjiangrong、jiangfeng、xiaoshengandeng37mingjiaoyiduifang，shougoushenzhenshangyangtongkejigufenyouxiangongsi（jiancheng“shangyangtong”）100%guquan，bingmujipeitaozijin。

jianyubiaodezichandeshenji、pinggugongzuoshangweiwancheng，bencijiaoyidejutijiaoyijiage、gufenyuxianjinduijiazhifubilishangweiqueding。

gonggaoxianshi，bencijiaoyifaxinggufenfangshizhifubufen，faxingjiageyiquedingwei2.29yuan/gu。

zuoweicicishougoubiaodegongsi，shangyangtongzhuyinggaoxingnengbandaotigonglvqijiandeyanfa、shejihexiaoshouyewu，shuyuguojiazhanlvexingxinxingchanye。

tongguoshougoushangyangtong，youagufenjiangcongbaihuolingshouqierugonglvbandaotilingyu，zaidazaodierzengzhangquxiandetongshi，jiasufazhanxinzhishengchanli，zengjiaxindelirunzengzhangdian，jinyibutigaoshangshigongsichixuyinglinengli。

标的资产盈利能力突出

zhideliuyideshi，shangyangtongciqianyijingliguoyifanipolilian。qunian5yue，shangyangtongxiangshangjiaosuotijiaoiposhenqing，nizaikechuangbanmuzi17.01yiyuan。jinnian7yue，gongsichehuiiposhenqing。buguo，shangyangtongchuxinbugai，cifantongguoxieshouyouagufenzaizhanzibenshichang，yiqidalifazhanbandaotizhuye。

zuoweiguojiagaoxinjishuqiyeheguojiajizhuanjingtexin“xiaojuren”qiye，shangyangtongyixingchengconggongyidaoshejiduanwanzhengdeyanfajishutixi，shiguoneilingxiandebandaotigonglvqijianshejiqiyezhiyi。jiezhi11yue30ri，shangyangtonggongyongyoushouquanjichengdianlubutusheji65xiang，shouquanzhuanli98xiang，qizhongshouquanfamingzhuanli75xiang（hanjingwaifamingzhuanli3xiang）。

gongsizhuyingchanpinfugaicheguiji、gongyejihexiaofeijidengyingyonglingyu，baokuochaojijiemosfet、igbtjigonglvmokuai、sicgonglvqijian、sgt mosfetdeng，zhuyaoyingyongyuxinnengyuanchongdianzhuang、qichedianzi、shujuzhongxin、fuwuqi、tongxinhesuanlidianyuan、gongkongzidonghua、xiaofeidianzidenglingyu，yuyingfeiyuan、youyoulvneng、telaidian、yongliankeji、biyadi、yingboer、zhangchengdianyuan、zhongxingtongxundengzhimingkehujianlilewendingdehezuoguanxi。

gonggaoxianshi，2022nian—2024nian1-10yue，shangyangtongyingyeshourufenbiewei7.36yiyuan、6.73yiyuan、4.81yiyuan，jinglirunfenbiewei1.39yiyuan、8328.13wanyuan、3131.73wanyuan。

bunanfaxian，baogaoqibiaodegongsijingyingshujuchuxianbodong，gonggaojieshichengzhuyaoyuanyuhongguanjingjihuanjingbianhua、xingyeneijingzhengjiajuheyanfachixugaotouru。qizhong，2022nian-2023nian，shangyangtongyanfafeiyonglvfenbiewei11.72%、10.58%，yuji2024nianyanfafeiyonghaijiangjinyibuzengzhang。

ciwai，shangyangtonggaoduzhongshirencaiduiwujianshebingshishileguquanjilicuoshi，meinianxuquerenguoqianwanyuandegufenzhifufeiyong，weilaisuizhebiaodegongsishouruguimodezengzhanghegufenzhifufeiyongquerendejianshao，biaodegongsiyinglishuipingjiangdedaotisheng。

youagufenyuji，suizhexingyezhubufusu，shichangzhanyoulvwenbutisheng，chanpinmaolilvgaishan，yanfachengguoyouxiaozhuanhua，biaodegongsiyinglishuipingjiangdedaohuifuhetisheng。

zongtieryan，tongguocicishougou，youagufenjiangyouxiaotishengyingshou、jinglidengzhuyaocaiwuzhibiao，yinglinenglixianzhuzengqiang。

转型升级切入半导体产业

gengzhongyaodeshi，tongguocicishougou，youagufenjiangzhanshangbandaotichanyefengkou。

jinnianlai，weituidongbandaotichanyefazhan，zengqiangbandaotichanyechuangxinnengliheguojijingzhengli，guojiachutaileyixiliezhichizhengce，bingzishangerxiacongyanfaxiangmuzhichi、chanyetouzi、rencaibutiedengfangmianjinxingpeitaofuchi，cujinbandaotichanyeguimojiankang、youxuzengzhang。

genjuomidashujujiyuce，2023nianquanqiugonglvbandaotishichangguimodadao503yimeiyuan，yuji2024nianquannianjiangzengzhangzhi522yimeiyuan，2027nianshichangguimojiangdadao596yimeiyuan。

woguozuoweiquanqiuzuidadegonglvbandaotixiaofeiguo，shichangguimoyuji2024nianjiangdadao206yimeiyuan，zhanquanqiushichangyuewei39%，bandaotishichangqianjingguangkuo。

yituobencijiaoyi，shangyangtongyouzhibandaotizichanjiangzhurushangshigongsi，youagufenyewujiangtuozhanzhigonglvbandaotiqijianlingyu，youxiaotuokuanyinglilaiyuan，tishengzhengtizichanguimo，tigaokechixujingyingnengli。

youagufenbiaoshi，bencijiaoyiwanchenghou，gongsijiangjijijinxingbandaotigonglvqijianxingyedejishuyanjiuheqianzhanbuju，chixujinxingxinjishu、xinchanpindekaifayuyingyong，jiakuaishangshigongsizhanlvezhuanxing，fenxiangbandaotixingyechengzhanghongli。

lingshoujutoujiedaoshangyangtongqierubandaotichanye，yongyouguoqijiyindeyouagufenjiangjiecishixianzhuanxingpoju，yifangmianmouqiuguoyouzichanbaozhizengzhi，lingyifangmiantishenggongsiyinglinengli，huibaoquantigudong。