According to the Star Daily on January 7 (Reporter Yu Jiaxin), Naru Radar announced that it is planning to acquire 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd. (hereinafter referred to as: Sigma) through the issuance of shares and payment in Cash, while raising supporting funds.

Naru Radar stated that since this Trade is still in the planning stage, there is uncertainty. The suspension will begin on January 8, 2025 (Wednesday), with an expected suspension time of no more than 5 Trade days.

"The company has signed a 'Share Acquisition Intent Letter' with the Trade symbol and its actual controllers Zhou Qifeng and Li Ying, agreeing that the company will acquire the equity of the Trade symbol through the issuance of shares and payment in Cash, with the final price based on the appraisal report provided by an institution with securities qualification hired by the company, to be negotiated by the parties involved in the transaction." Naru Radar stated.

The counterparty for this Trade is preliminarily identified as all shareholders of Sigma, but the range of the counterparty has not been finalized.

The announcement shows that Sigma was established on December 22, 2017, and operates services including scientific research and technical services; wholesale and Retail Trade; self-operated and agent import and export of goods and technology, etc. Among them, Zhou Qifeng's subscribed capital contribution amounts to 3.6711 million yuan, holding a 30.76% stake; Li Ying's subscribed capital contribution is 2.3087 million yuan, holding a 19.35% stake.

According to Tianyancha, Sigma has completed two rounds of financing, with investors including Dehong Lianxin, iFLYTEK Venture Capital, Zhongxin Juyuan, Songhe Capital, Yonghua Investment, Huayu Investment, and Junpeng Industrial.

From the patent information, Tianyancha shows that Sigma currently has a total of 23 patent information, including 4 patents disclosed in 2024, such as 'A button detection circuit and detection method based on capacitance and resistance' and 'A readout device for image Sensors.'

According to The Star Daily reporter, Shenzhen Sigma and Chip Microelectronics Co., Ltd. (hereinafter referred to as Shenzhen Sigma) is a wholly-owned subsidiary of the target party Sigma. It was established in 2005 and primarily engages in the manufacture of computers, communications, and other Electric Appliances.

Looking back at Nairui Radar, the products produced by the company mainly include X-band dual-polarized (dual-polarization) active phased array Radar and supporting software and Hardware products and computational algorithm services.

At the 2024 Zhuhai Airshow, the company exhibited five types of multifunctional active phased array Radar, mainly including Ku-band dual-polarized active phased array Radar, fully polarized multifunctional digital active phased array Radar, C-band fully polarized active phased array Radar, four-faced multifunctional phased array Radar, and mobile emergency command vehicles. The application scenarios mainly involve low-altitude economy, civil aviation, ocean monitoring, meteorological detection, and other fields.

In terms of performance, in the first three quarters of this year, Nairui Radar's revenue increased without profit. It achieved revenue of 0.136 billion yuan, an increase of 20% year-on-year; the net income attributable to the parent company was 26.0087 million yuan, a year-on-year decrease of 21.75%. The cash flow generated from operating activities was -20.792 million yuan.