Files
vf_react/public/htmls/科技并购重组浪潮.html
2025-10-11 16:16:02 +08:00

715 lines
29 KiB
HTML
Raw Blame History

This file contains ambiguous Unicode characters

This file contains Unicode characters that might be confused with other characters. If you think that this is intentional, you can safely ignore this warning. Use the Escape button to reveal them.

<!DOCTYPE html>
<html lang="zh-CN">
<head>
<meta charset="utf-8" />
<meta name="viewport" content="width=device-width, initial-scale=1, shrink-to-fit=no">
<link rel="apple-touch-icon" sizes="76x76" href="../../static/assets/img/apple-icon.png">
<link rel="icon" type="image/png" href="../../static/assets/img/favicon.png">
<link href="https://fonts.googleapis.com/css?family=Inter:300,400,500,600,700,800" rel="stylesheet" />
<!-- Nucleo Icons -->
<link href="../../static/assets/css/nucleo-icons.css" rel="stylesheet" />
<link href="../../static/assets/css/nucleo-svg.css" rel="stylesheet" />
<!-- Font Awesome Icons -->
<script src="https://kit.fontawesome.com/1d2b6c4f81.js" crossorigin="anonymous"></script>
<!-- CSS Files -->
<link id="pagestyle" href="../../static/assets/css/soft-design-system-pro.css?v=1.2.0" rel="stylesheet" />
<script src="../../static/assets/js/core/popper.min.js" type="text/javascript"></script>
<script src="../../static/assets/js/core/bootstrap.min.js" type="text/javascript"></script>
<script src="../../static/assets/js/plugins/perfect-scrollbar.min.js"></script>
<script src="../../static/assets/js/plugins/typedjs.js"></script>
<script src="../../static/assets/js/plugins/parallax.min.js"></script>
<script src="../../static/assets/js/plugins/smooth-scroll.min.js"></script>
<script src="../../static/assets/js/plugins/nouislider.min.js" type="text/javascript"></script>
<script src="../../static/assets/js/plugins/glidejs.min.js" type="text/javascript"></script>
<script src="../../static/assets/js/plugins/anime.min.js" type="text/javascript"></script>
<script src="../../static/assets/js/plugins/chartjs.min.js"></script>
<script src="../../static/assets/js/soft-design-system-pro.min.js?v=1.2.0" type="text/javascript"></script>
<script src="https://cdn.jsdelivr.net/npm/tsparticles@3/tsparticles.bundle.min.js"></script>
<script src="https://cdnjs.cloudflare.com/ajax/libs/three.js/r134/three.min.js"></script>
<script src="https://cdnjs.cloudflare.com/ajax/libs/vanta/0.5.24/vanta.waves.min.js"></script>
<script src="https://cdnjs.cloudflare.com/ajax/libs/rellax/1.12.1/rellax.min.js"></script>
<link href="https://cdn.jsdelivr.net/npm/daisyui@5" rel="stylesheet" type="text/css" />
<script src="https://cdn.jsdelivr.net/npm/@tailwindcss/browser@4"></script>
<link href="https://cdn.jsdelivr.net/npm/daisyui@5/themes.css" rel="stylesheet" type="text/css" />
<script src="https://cdn.jsdelivr.net/npm/@tailwindcss/browser@4"></script>
<link href="https://cdn.jsdelivr.net/npm/tailwindcss@2.2.19/dist/tailwind.min.css" rel="stylesheet">
<style>
body {
font-family: 'Inter', sans-serif;
background: linear-gradient(135deg, #0f172a 0%, #1e293b 100%);
color: #e2e8f0;
min-height: 100vh;
}
.gradient-text {
background: linear-gradient(135deg, #3b82f6 0%, #06b6d4 100%);
-webkit-background-clip: text;
-webkit-text-fill-color: transparent;
background-clip: text;
}
.card-custom {
background: rgba(30, 41, 59, 0.8);
backdrop-filter: blur(10px);
border: 1px solid rgba(148, 163, 184, 0.1);
transition: all 0.3s ease;
}
.card-custom:hover {
transform: translateY(-5px);
box-shadow: 0 10px 30px rgba(59, 130, 246, 0.3);
}
.timeline-dot {
width: 12px;
height: 12px;
background: #3b82f6;
border-radius: 50%;
position: absolute;
left: -6px;
top: 6px;
}
.timeline-line {
width: 2px;
background: rgba(148, 163, 184, 0.2);
position: absolute;
left: 0;
top: 18px;
bottom: 0;
}
.table-custom {
background: rgba(30, 41, 59, 0.6);
backdrop-filter: blur(10px);
}
.table-custom th {
background: rgba(59, 130, 246, 0.2);
color: #e2e8f0;
font-weight: 600;
text-transform: uppercase;
font-size: 0.75rem;
letter-spacing: 0.05em;
}
.table-custom td {
color: #cbd5e1;
border-color: rgba(148, 163, 184, 0.1);
}
.badge-custom {
background: rgba(59, 130, 246, 0.2);
color: #60a5fa;
padding: 0.25rem 0.75rem;
border-radius: 9999px;
font-size: 0.75rem;
font-weight: 500;
}
.highlight-box {
background: linear-gradient(135deg, rgba(59, 130, 246, 0.1) 0%, rgba(6, 182, 212, 0.1) 100%);
border-left: 4px solid #3b82f6;
padding: 1rem;
border-radius: 0.5rem;
margin: 1rem 0;
}
#particles-js {
position: fixed;
width: 100%;
height: 100%;
top: 0;
left: 0;
z-index: -1;
}
@media (max-width: 768px) {
.table-container {
overflow-x: auto;
}
.card-custom {
margin-bottom: 1rem;
}
}
</style>
</head>
<body>
<div id="particles-js"></div>
<div class="container mx-auto px-4 py-8 max-w-7xl">
<!-- 标题部分 -->
<div class="text-center mb-12">
<h1 class="text-4xl md:text-5xl font-bold mb-4 gradient-text">科技并购重组浪潮</h1>
<p class="text-lg text-slate-400 max-w-3xl mx-auto">
政策红利释放,科技企业资本化主通道开启
</p>
</div>
<!-- 概念事件时间轴 -->
<div class="card-custom rounded-xl p-6 mb-8">
<h2 class="text-2xl font-bold mb-6 text-blue-400">
<i class="fas fa-clock mr-2"></i>概念事件时间轴
</h2>
<div class="space-y-6">
<div class="relative pl-8">
<div class="timeline-dot"></div>
<div class="timeline-line"></div>
<div class="mb-6">
<h3 class="text-lg font-semibold text-cyan-400">2023年</h3>
<p class="text-slate-300">政策端开始酝酿,证监会修订《重大资产重组管理办法》,提出"提升持续经营能力"导向(方正宏观)</p>
</div>
</div>
<div class="relative pl-8">
<div class="timeline-dot"></div>
<div class="timeline-line"></div>
<div class="mb-6">
<h3 class="text-lg font-semibold text-cyan-400">2024年3月</h3>
<p class="text-slate-300">新"国九条"发布,明确支持头部机构通过并购重组做优做强(东吴策略)</p>
</div>
</div>
<div class="relative pl-8">
<div class="timeline-dot"></div>
<div class="timeline-line"></div>
<div class="mb-6">
<h3 class="text-lg font-semibold text-cyan-400">2024年9月</h3>
<p class="text-slate-300">证监会发布"并购六条",首次允许跨行业并购未盈利"硬科技"企业,简化审核流程(海通策略)</p>
</div>
</div>
<div class="relative pl-8">
<div class="timeline-dot"></div>
<div class="timeline-line"></div>
<div class="mb-6">
<h3 class="text-lg font-semibold text-cyan-400">2024年10月</h3>
<p class="text-slate-300">科创板并购重组案例激增,<span class="text-yellow-400 font-semibold">单月披露重大重组家数达23家创月度新高</span>(开源证券)</p>
</div>
</div>
<div class="relative pl-8">
<div class="timeline-dot"></div>
<div class="mb-6">
<h3 class="text-lg font-semibold text-cyan-400">2025年2月</h3>
<p class="text-slate-300">上市公司已发布<span class="text-yellow-400 font-semibold">600+份并购重组公告</span>科技类并购占比超40%,地方国资并购基金成新趋势(证券时报)</p>
</div>
</div>
</div>
</div>
<!-- 核心观点摘要 -->
<div class="card-custom rounded-xl p-6 mb-8">
<h2 class="text-2xl font-bold mb-6 text-blue-400">
<i class="fas fa-lightbulb mr-2"></i>核心观点摘要
</h2>
<div class="grid md:grid-cols-3 gap-6">
<div class="highlight-box">
<h3 class="text-lg font-semibold text-cyan-400 mb-2">阶段判断</h3>
<p class="text-slate-300">科技并购重组已从政策预热期2023-2024H1进入<span class="text-yellow-400 font-semibold">加速落地期</span>2024Q4-2025成为IPO收紧背景下科技企业资本化的主通道。</p>
</div>
<div class="highlight-box">
<h3 class="text-lg font-semibold text-cyan-400 mb-2">核心驱动力</h3>
<p class="text-slate-300">政策强制("并购六条"绿色通道)+产业内卷半导体产能过剩、AI商业化压力+国资市值管理央企资产证券化率不足30%)。</p>
</div>
<div class="highlight-box">
<h3 class="text-lg font-semibold text-cyan-400 mb-2">未来潜力</h3>
<p class="text-slate-300">预计2025年科技并购交易规模将突破<span class="text-yellow-400 font-semibold">3000亿元</span>2024年为1200亿元半导体、AI、工业软件为三大主线。</p>
</div>
</div>
</div>
<!-- 核心逻辑与市场认知 -->
<div class="card-custom rounded-xl p-6 mb-8">
<h2 class="text-2xl font-bold mb-6 text-blue-400">
<i class="fas fa-brain mr-2"></i>核心逻辑与市场认知分析
</h2>
<div class="mb-8">
<h3 class="text-xl font-semibold text-cyan-400 mb-4">核心驱动力</h3>
<div class="grid md:grid-cols-3 gap-4">
<div class="bg-slate-800/50 p-4 rounded-lg">
<h4 class="font-semibold text-blue-400 mb-2">政策杠杆</h4>
<ul class="text-slate-300 space-y-2 text-sm">
<li>• 审核效率:科创板并购审核周期从<span class="text-yellow-400">288天缩短至63天</span></li>
<li>• 支付创新:允许"股份+可转债"组合支付</li>
</ul>
</div>
<div class="bg-slate-800/50 p-4 rounded-lg">
<h4 class="font-semibold text-blue-400 mb-2">产业逻辑</h4>
<ul class="text-slate-300 space-y-2 text-sm">
<li>• 半导体:并购整合是突破"卡脖子"的唯一路径</li>
<li>• AI跨行业并购构建"数据-算力-应用"闭环</li>
</ul>
</div>
<div class="bg-slate-800/50 p-4 rounded-lg">
<h4 class="font-semibold text-blue-400 mb-2">国资诉求</h4>
<ul class="text-slate-300 space-y-2 text-sm">
<li>• 央企资产证券化率仅<span class="text-yellow-400">28%</span></li>
<li>• 军工、核电资产注入预期强烈</li>
</ul>
</div>
</div>
</div>
<div class="mb-8">
<h3 class="text-xl font-semibold text-cyan-400 mb-4">市场热度与情绪</h3>
<div class="grid md:grid-cols-2 gap-4">
<div class="bg-slate-800/50 p-4 rounded-lg">
<h4 class="font-semibold text-blue-400 mb-2">研报密度</h4>
<p class="text-slate-300">2024年Q4以来<span class="text-yellow-400 font-semibold">15家券商</span>发布科技并购专题报告(东吴、海通、方正等)</p>
</div>
<div class="bg-slate-800/50 p-4 rounded-lg">
<h4 class="font-semibold text-blue-400 mb-2">资金动向</h4>
<p class="text-slate-300">Q3科技重组指数<span class="text-green-400 font-semibold">上涨1.6%</span>跑赢沪深300-2.3%</p>
</div>
</div>
</div>
<div>
<h3 class="text-xl font-semibold text-cyan-400 mb-4">预期差</h3>
<div class="bg-gradient-to-r from-blue-900/30 to-cyan-900/30 p-4 rounded-lg">
<div class="grid md:grid-cols-2 gap-4">
<div>
<h4 class="font-semibold text-blue-400 mb-2">市场共识</h4>
<p class="text-slate-300">聚焦"硬科技"并购半导体、AI</p>
</div>
<div>
<h4 class="font-semibold text-blue-400 mb-2">忽略点</h4>
<ul class="text-slate-300 space-y-1 text-sm">
<li>• 工业软件中控技术1亿美元参与和利时私有化</li>
<li>• 地方国资优先整合终止IPO企业</li>
</ul>
</div>
</div>
</div>
</div>
</div>
<!-- 关键催化剂 -->
<div class="card-custom rounded-xl p-6 mb-8">
<h2 class="text-2xl font-bold mb-6 text-blue-400">
<i class="fas fa-rocket mr-2"></i>关键催化剂与未来发展路径
</h2>
<div class="grid md:grid-cols-2 gap-6">
<div>
<h3 class="text-xl font-semibold text-cyan-400 mb-4">近期催化剂3-6个月</h3>
<div class="space-y-3">
<div class="flex items-start">
<div class="badge-custom mr-3 mt-1">政策</div>
<p class="text-slate-300">2025年6月前出台"科创板并购估值指引"</p>
</div>
<div class="flex items-start">
<div class="badge-custom mr-3 mt-1">案例</div>
<p class="text-slate-300">光智科技收购先导电科预计2025年Q2完成<span class="text-yellow-400">交易规模50亿元</span></p>
</div>
<div class="flex items-start">
<div class="badge-custom mr-3 mt-1">变更</div>
<p class="text-slate-300">中创环保实控人变更为科大讯飞联合创始人</p>
</div>
</div>
</div>
<div>
<h3 class="text-xl font-semibold text-cyan-400 mb-4">长期路径2025-2027</h3>
<div class="space-y-3">
<div class="flex items-start">
<div class="badge-custom mr-3 mt-1">阶段一</div>
<p class="text-slate-300">政策驱动型并购(国资主导)</p>
</div>
<div class="flex items-start">
<div class="badge-custom mr-3 mt-1">阶段二</div>
<p class="text-slate-300">产业整合型并购(半导体龙头横向并购)</p>
</div>
<div class="flex items-start">
<div class="badge-custom mr-3 mt-1">阶段三</div>
<p class="text-slate-300">全球化并购(收购海外技术)</p>
</div>
</div>
</div>
</div>
</div>
<!-- 产业链分析 -->
<div class="card-custom rounded-xl p-6 mb-8">
<h2 class="text-2xl font-bold mb-6 text-blue-400">
<i class="fas fa-project-diagram mr-2"></i>产业链与核心公司深度剖析
</h2>
<div class="mb-6">
<h3 class="text-xl font-semibold text-cyan-400 mb-4">产业链图谱</h3>
<div class="bg-slate-800/50 p-4 rounded-lg">
<div class="grid md:grid-cols-3 gap-4 text-center">
<div>
<h4 class="font-semibold text-blue-400 mb-2">上游(技术/IP</h4>
<p class="text-slate-300">奥拉半导体AI芯片、先导电科靶材</p>
</div>
<div>
<h4 class="font-semibold text-blue-400 mb-2">中游(并购方)</h4>
<p class="text-slate-300">光智科技半导体材料、双成药业跨界AI</p>
</div>
<div>
<h4 class="font-semibold text-blue-400 mb-2">下游(应用)</h4>
<p class="text-slate-300">中控技术(工业软件)、中核科技(核电设备)</p>
</div>
</div>
</div>
</div>
<div>
<h3 class="text-xl font-semibold text-cyan-400 mb-4">核心玩家对比</h3>
<div class="overflow-x-auto">
<table class="w-full table-custom rounded-lg">
<thead>
<tr>
<th class="text-left p-3">公司</th>
<th class="text-left p-3">并购逻辑</th>
<th class="text-left p-3">进展验证</th>
<th class="text-left p-3">风险点</th>
</tr>
</thead>
<tbody>
<tr>
<td class="p-3 font-semibold text-blue-400">光智科技</td>
<td class="p-3">收购先导电科100%股权</td>
<td class="p-3">已披露预案,<span class="text-yellow-400">估值溢价3倍PB</span></td>
<td class="p-3">标的业绩对赌未披露</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">双成药业</td>
<td class="p-3">跨界收购奥拉半导体</td>
<td class="p-3">奥拉半导体<span class="text-yellow-400">2023年收入2.1亿元</span></td>
<td class="p-3">医药主业剥离难度大</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">中控技术</td>
<td class="p-3">参与和利时私有化EDA</td>
<td class="p-3">已出资1亿美元LP<span class="text-yellow-400">持股15%</span></td>
<td class="p-3">技术整合周期长</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
<!-- 风险分析 -->
<div class="card-custom rounded-xl p-6 mb-8">
<h2 class="text-2xl font-bold mb-6 text-blue-400">
<i class="fas fa-exclamation-triangle mr-2"></i>潜在风险与挑战
</h2>
<div class="grid md:grid-cols-2 gap-6">
<div class="space-y-4">
<div class="bg-red-900/20 border-l-4 border-red-500 p-4 rounded">
<h3 class="font-semibold text-red-400 mb-2">技术风险</h3>
<p class="text-slate-300">奥拉半导体7nm AI芯片<span class="text-red-400">流片失败率40%</span>,可能导致并购后商誉减值</p>
</div>
<div class="bg-orange-900/20 border-l-4 border-orange-500 p-4 rounded">
<h3 class="font-semibold text-orange-400 mb-2">商业化风险</h3>
<p class="text-slate-300">工业软件并购后<span class="text-orange-400">客户流失率超30%</span></p>
</div>
</div>
<div class="space-y-4">
<div class="bg-yellow-900/20 border-l-4 border-yellow-500 p-4 rounded">
<h3 class="font-semibold text-yellow-400 mb-2">政策风险</h3>
<p class="text-slate-300">2025年若重启IPO科技企业可能<span class="text-yellow-400">放弃并购转向独立上市</span></p>
</div>
<div class="bg-purple-900/20 border-l-4 border-purple-500 p-4 rounded">
<h3 class="font-semibold text-purple-400 mb-2">信息矛盾</h3>
<p class="text-slate-300">新闻称"地方国资并购基金规模千亿",但实际落地<span class="text-purple-400">仅120亿元</span></p>
</div>
</div>
</div>
</div>
<!-- 投资启示 -->
<div class="card-custom rounded-xl p-6 mb-8">
<h2 class="text-2xl font-bold mb-6 text-blue-400">
<i class="fas fa-chart-line mr-2"></i>综合结论与投资启示
</h2>
<div class="mb-6">
<h3 class="text-xl font-semibold text-cyan-400 mb-3">阶段判断</h3>
<p class="text-slate-300">科技并购重组处于<span class="text-green-400 font-semibold">政策红利兑现期</span>,但部分标的已透支预期(如双成药业市值/奥拉半导体PS达<span class="text-yellow-400">25倍</span></p>
</div>
<div class="mb-6">
<h3 class="text-xl font-semibold text-cyan-400 mb-3">高价值方向</h3>
<div class="grid md:grid-cols-2 gap-4">
<div class="bg-gradient-to-r from-green-900/30 to-emerald-900/30 p-4 rounded-lg">
<h4 class="font-semibold text-green-400 mb-2">半导体材料</h4>
<p class="text-slate-300">光智科技(先导电科)——国产替代确定性高,<span class="text-yellow-400">靶材市占率国内第一</span></p>
</div>
<div class="bg-gradient-to-r from-blue-900/30 to-indigo-900/30 p-4 rounded-lg">
<h4 class="font-semibold text-blue-400 mb-2">工业软件</h4>
<p class="text-slate-300">中控技术和利时——EDA并购稀缺标的<span class="text-yellow-400">政策强制国产化率2026年需达50%</span></p>
</div>
</div>
</div>
<div>
<h3 class="text-xl font-semibold text-cyan-400 mb-3">跟踪指标</h3>
<div class="flex flex-wrap gap-4">
<div class="badge-custom bg-blue-900/30">
<i class="fas fa-percentage mr-2"></i>并购完成率2025年Q2需>60%当前35%
</div>
<div class="badge-custom bg-purple-900/30">
<i class="fas fa-chart-pie mr-2"></i>商誉减值:关注奥拉半导体、先导电科业绩对赌
</div>
</div>
</div>
</div>
<!-- 关联股票数据表格 -->
<div class="card-custom rounded-xl p-6">
<h2 class="text-2xl font-bold mb-6 text-blue-400">
<i class="fas fa-table mr-2"></i>关联股票数据
</h2>
<div class="table-container">
<table class="w-full table-custom rounded-lg">
<thead>
<tr>
<th class="text-left p-3">股票名称</th>
<th class="text-left p-3">项目/行业</th>
<th class="text-left p-3">关系/进展</th>
<th class="text-left p-3">原因/备注</th>
</tr>
</thead>
<tbody>
<tr>
<td class="p-3 font-semibold text-blue-400">光智科技</td>
<td class="p-3">拟并购先导电科</td>
<td class="p-3">同一实控人</td>
<td class="p-3">拟并购先导电科,复盘,同一实控人</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">双成药业</td>
<td class="p-3">奥拉半导体</td>
<td class="p-3">拟收购100%股权</td>
<td class="p-3">奥拉半导体拟收购100%股权</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">经纬辉开</td>
<td class="p-3">拟收购诺信实97.17%</td>
<td class="p-3">控制诺思微17.11%</td>
<td class="p-3">收购完成后控制诺思微股权</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">中青宝</td>
<td class="p-3">宝德服务器</td>
<td class="p-3">同一实际控制人</td>
<td class="p-3">ARM服务器市场第一、加速计算服务器全国第二</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">麦克奥迪</td>
<td class="p-3">光刻机产业链</td>
<td class="p-3">控股股东旗下资产</td>
<td class="p-3">国望光学、科益虹源、长春国科精密等</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">同有科技</td>
<td class="p-3">北京忆恒创源</td>
<td class="p-3">持股16.38%</td>
<td class="p-3">持有企业级SSD产品及技术服务商股份</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">济南高新</td>
<td class="p-3">山东华芯半导体</td>
<td class="p-3">间接持股56.67%</td>
<td class="p-3">济高控股持股山东华芯半导体</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">凤凰航运</td>
<td class="p-3">高科华烨</td>
<td class="p-3">同属南烨实业集团</td>
<td class="p-3">大股东承诺25年上半年上市</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">中创环保</td>
<td class="p-3">实控人变更</td>
<td class="p-3">科大讯飞联合创始人</td>
<td class="p-3">科大讯飞联合创始人拟成为实控人</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">旗天科技</td>
<td class="p-3">定增引入七彩虹</td>
<td class="p-3">控股股东变更</td>
<td class="p-3">引入算力硬件企业七彩虹皓悦</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">澳柯玛</td>
<td class="p-3">芯恩集成电路</td>
<td class="p-3">间接持股72.1%</td>
<td class="p-3">澳柯玛控股集团合计持有股权</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">东湖高新</td>
<td class="p-3">湖北数据集团</td>
<td class="p-3">间接持股30%</td>
<td class="p-3">切入数字科技领域</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">富乐德</td>
<td class="p-3">半导体产业资产</td>
<td class="p-3">拟收购</td>
<td class="p-3">拟收购间接控股股东FERROTEC集团资产</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">荣科科技</td>
<td class="p-3">超聚变</td>
<td class="p-3">华为合作伙伴</td>
<td class="p-3">控股股东河南信产数创,实控人豫信电投</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">空港股份</td>
<td class="p-3">瑞能半导体</td>
<td class="p-3">曾公告收购</td>
<td class="p-3">同属北京国资,曾公告发行股份购买</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">罗博特科</td>
<td class="p-3">斐控泰克等</td>
<td class="p-3">拟收购股权</td>
<td class="p-3">光电集成测试解决方案,客户包括英特尔等</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">汉嘉设计</td>
<td class="p-3">伏泰科技</td>
<td class="p-3">拟收购51%股份</td>
<td class="p-3">拟收购伏泰科技多数股权</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">新宏泰</td>
<td class="p-3">安谱隆</td>
<td class="p-3">借壳预期</td>
<td class="p-3">全球第二大移动基站射频器,实控人无锡国资委</td>
</tr>
<tr>
<td class="p-3 font-semibold text-blue-400">天富能源</td>
<td class="p-3">天科合达</td>
<td class="p-3">持股9.09%</td>
<td class="p-3">持有碳化硅企业股份,第二大股东</td>
</tr>
</tbody>
</table>
</div>
</div>
</div>
<script>
// 初始化粒子背景
tsParticles.load("particles-js", {
particles: {
number: {
value: 80,
density: {
enable: true,
value_area: 800
}
},
color: {
value: "#3b82f6"
},
shape: {
type: "circle"
},
opacity: {
value: 0.5,
random: false
},
size: {
value: 3,
random: true
},
line_linked: {
enable: true,
distance: 150,
color: "#3b82f6",
opacity: 0.4,
width: 1
},
move: {
enable: true,
speed: 2,
direction: "none",
random: false,
straight: false,
out_mode: "out",
bounce: false
}
},
interactivity: {
detect_on: "canvas",
events: {
onhover: {
enable: true,
mode: "grab"
},
onclick: {
enable: true,
mode: "push"
},
resize: true
},
modes: {
grab: {
distance: 140,
line_linked: {
opacity: 1
}
},
push: {
particles_nb: 4
}
}
},
retina_detect: true
});
// 添加滚动动画
const observerOptions = {
threshold: 0.1,
rootMargin: '0px 0px -50px 0px'
};
const observer = new IntersectionObserver((entries) => {
entries.forEach(entry => {
if (entry.isIntersecting) {
entry.target.style.opacity = '1';
entry.target.style.transform = 'translateY(0)';
}
});
}, observerOptions);
document.querySelectorAll('.card-custom').forEach(card => {
card.style.opacity = '0';
card.style.transform = 'translateY(20px)';
card.style.transition = 'opacity 0.6s ease, transform 0.6s ease';
observer.observe(card);
});
</script>
</body>
</html>
```