Core Viewpoint - The rapid development of downstream markets such as consumer electronics, new energy vehicles, renewable energy, and data centers is driving the increasing demand for gallium nitride (GaN) power semiconductors, with China's demand expected to reach 695 million units and a market size of 1.216 billion yuan in 2024 [1][14]. Overview - Power semiconductors are essential components in modern industrial power supplies, with silicon (Si), silicon carbide (SiC), and gallium nitride (GaN) being the primary semiconductor materials. GaN semiconductors are expected to play a key role in the ongoing transformation of the power semiconductor industry due to their superior characteristics compared to traditional silicon semiconductors [2][5]. Market Policy - The semiconductor industry is a strategic emerging industry in China, with various policies issued to support its development, creating a favorable environment for the growth of the GaN power semiconductor sector [8][9]. Industry Chain - The upstream of the GaN power semiconductor industry includes materials and equipment such as silicon substrates, photoresists, and production equipment, while the downstream applications cover consumer electronics, new energy vehicles, renewable energy, and data centers [10]. Development Status - The demand for GaN power semiconductors is expected to reach 695 million units in 2024, with a market size of 1.216 billion yuan and an average product price of approximately 1.75 yuan per unit. The optimization of wafer size and manufacturing processes is anticipated to enhance GaN devices' competitiveness against traditional silicon semiconductors [14][1]. Competitive Landscape - The GaN power semiconductor market in China is highly concentrated, with international companies like Power Integrations, Navitas Semiconductor, and Efficient Power Conversion Corporation holding significant market shares. Domestic companies such as Suzhou Nengxun High Energy Semiconductor and Innoscience Technology are gradually increasing their market presence through technological advancements and cost advantages [16][18]. Development Trends - Future growth for GaN power semiconductors is expected in consumer electronics, new energy vehicles, and artificial intelligence. The technology is anticipated to improve energy efficiency in electric vehicles and support advanced applications in AI, with ongoing investments in R&D to overcome technical challenges [22].

Core Viewpoint - The semiconductor industry in A-shares is experiencing a downturn due to the cyclical nature of the sector and slow recovery in consumer electronics demand, leading to widespread declines in net profits among listed companies. However, some leading firms have shown signs of recovery in the second quarter, driven by sectors like artificial intelligence, automotive electronics, and power grids. Group 1: Semiconductor Design Companies - Chip design companies are accelerating inventory reduction, with many reporting a decline in performance in the first half of the year, but some have stabilized and shown growth in the second quarter [2][3] - Rockchip, a leader in AIoT chips, expects revenue of approximately 858 million yuan, a year-on-year decrease of about 31%, but a sequential growth of around 60% in the second quarter [2] - GigaDevice, a leader in Nor Flash memory, anticipates a net profit of about 340 million yuan, down over 70% year-on-year, but with a nearly 30% increase from the first quarter [2] Group 2: Fingerprint Recognition and Wireless Chip Companies - Goodix, a leader in fingerprint recognition chips, expects revenue of about 2.02 billion yuan, a year-on-year increase of approximately 10.5%, but a net loss of about 137 million yuan [3] - Broadcom Integrated anticipates a net loss of between 64.8 million and 43.3 million yuan for the first half of 2023, with some improvement in the second quarter [3] - Zhaoxin Microelectronics, heavily reliant on the mobile market, expects a revenue decline of 25.48% year-on-year, with a net profit decrease of 50.01% to 55.06% [3] Group 3: Packaging and Testing Companies - Packaging and testing companies are showing significant sequential growth, with Tongfu Microelectronics reporting revenue of approximately 9.909 billion yuan, a year-on-year increase of 3.58%, but a net loss of 17 to 19.8 million yuan [7] - Longji Technology, a leading packaging and testing company, expects a net profit of 446 to 546 million yuan, a year-on-year decrease of 64.65% to 71.08%, but a significant increase in the second quarter [8] - Crystal Technology anticipates a net profit of 70 to 80 million yuan, a year-on-year decline of 58.11% to 63.35%, but expects to double its profit in the second quarter compared to the first [9] Group 4: Equipment Companies - Despite the overall semiconductor sector being in a downturn, equipment companies are experiencing rapid growth, with North Huachuang reporting revenue of 7.82 to 8.95 billion yuan, a year-on-year increase of 43.65% to 64.41% [10] - Zhongwei Company, a leader in etching equipment, expects revenue of approximately 2.527 billion yuan, a year-on-year increase of about 28.13%, with a net profit increase of 109.49% to 120.18% [11] - Wan Ye Enterprises is increasing its focus on integrated circuits, expecting a net profit of about 118 million yuan, a year-on-year increase of approximately 316% [12]

Core Viewpoint - The announcement details the election of employee representative director and the restructuring of the board of directors at Hangzhou Silan Microelectronics Co., Ltd. The company has revised its articles of association to include an employee representative director, elected by the employee representative assembly or other democratic means [1][2]. Group 1: Board Restructuring - The eighth board of directors will be succeeded by the ninth board, which consists of 15 directors, including one employee representative director [1]. - Ma Liang was elected as the employee representative director during the employee representative assembly held on August 7, 2025 [1]. - The second extraordinary general meeting of shareholders on August 8, 2025, approved the election of 14 non-employee representative directors, forming the complete ninth board of directors [2]. Group 2: Meeting Details - The extraordinary general meeting was held on August 8, 2025, at the company's headquarters in Hangzhou, with all 15 directors present [7]. - The meeting adopted a combination of on-site and online voting methods, complying with relevant laws and regulations [7]. - All proposed resolutions, including amendments to the articles of association and election of directors, were passed with the required majority [9][10]. Group 3: Director and Management Appointments - Chen Xiangdong was elected as the chairman of the ninth board of directors, with a term aligned with the board's duration [12][13]. - Zheng Shaobo and Fan Weihong were elected as vice-chairmen, also serving for the same term [14][15]. - The board appointed several key management personnel, including Zheng Shaobo as general manager and Li Zhigang and Wu Jianxing as deputy general managers, all with terms consistent with the board [18][20][22].

Group 1 - The legal opinion letter is issued by Grandall Law Firm (Hangzhou) regarding the second extraordinary general meeting of shareholders of Hangzhou Silan Microelectronics Co., Ltd. [2][3] - The law firm confirms that the company has complied with relevant laws, regulations, and its own articles of association in convening and holding the shareholders' meeting [6][9]. - The meeting was held on August 8, 2025, with both on-site and online voting methods utilized for shareholder participation [5][7]. Group 2 - A total of 2,114 shareholders participated in the meeting, representing 662,895,634 shares, which accounts for 39.8358% of the total shares with voting rights [7]. - The meeting's agenda included several resolutions, with the first three being special resolutions requiring a two-thirds majority for approval, while the fourth and fifth were ordinary resolutions needing a simple majority [8][9]. - All resolutions presented at the meeting were approved, and the voting process was conducted in accordance with legal and regulatory requirements [9].

Meeting Details - The shareholders' meeting of Hangzhou Silan Microelectronics Co., Ltd. was held on August 8, 2025, at the company's conference room in Hangzhou, Zhejiang Province [1] - The meeting was conducted with a combination of on-site and online voting, adhering to the regulations of the Company Law and the company's articles of association [1] Attendance and Voting Results - The meeting was presided over by Chairman Chen Xiangdong, with attendance from shareholders holding a significant proportion of shares [1] - Non-cumulative voting proposals were passed with high approval rates, including: - 99.7723% approval for the first proposal with 661,385,989 votes in favor [2] - 97.2971% approval for the second proposal with 644,978,052 votes in favor [2] - 97.1727% approval for the third proposal with 644,153,740 votes in favor [3] Legal Compliance - The meeting's procedures and voting results were confirmed to be in compliance with the Company Law, Shareholders' Meeting Rules, and other relevant regulations [3][6] - The legal opinions were provided by lawyers Hu Min and Sun Jialu, ensuring the legitimacy of the meeting [3]

Core Points - The company held its first meeting of the ninth board of directors on August 8, 2025, where key leadership positions were elected and confirmed [1][2] - Chen Xiangdong was elected as the chairman of the ninth board of directors, with unanimous support from all 15 directors present [1][2] - Zheng Shaobo and Fan Weihong were elected as vice chairmen of the ninth board, also receiving unanimous approval [1][2] Board Committees - The specialized committees of the board were established, including the Audit Committee, Nomination and Compensation Committee, and Strategy and Investment Committee, with their members confirmed [2] - The Audit Committee is chaired by Qiu Baoyin, while the Nomination and Compensation Committee is chaired by Song Chunyu [2] - The Strategy and Investment Committee is chaired by Chen Xiangdong, with a total of seven members [2] Executive Appointments - Zheng Shaobo was appointed as the general manager of the company, with unanimous approval from the board [2][3] - Li Zhigang and Wu Jianxing were appointed as deputy general managers, also receiving unanimous support [2][3] - Chen Yue was appointed as the financial officer and board secretary, with unanimous approval [3] Additional Appointments - Lu Kewai was appointed as the securities affairs representative, with unanimous support from the board [4] - All appointed executives' terms align with the term of the ninth board of directors [2][3][4] Personnel Background - Detailed resumes of key personnel were provided, highlighting their qualifications and roles within the company [6][7][8][9] - Chen Xiangdong, the chairman, has been with the company since its founding in September 1997 and holds significant shares [6] - Zheng Shaobo, the general manager, has also been with the company since its inception and holds a substantial number of shares [7]

Group 1 - The company Silan Microelectronics announced the convening of its second extraordinary general meeting of shareholders for 2025 on August 8, 2025 [2] - The meeting will review and approve multiple proposals, including the proposal for amendments [2]

Group 1 - The company, Silan Microelectronics, announced the election of Mr. Ma Liang as the employee representative director of the ninth board of directors during the employee representative assembly held on August 7, 2025 [2]

Group 1 - The company Silan Microelectronics (SH 600460) announced the convening of its first board meeting of the ninth session on August 8, 2025, in Hangzhou, Zhejiang Province, to discuss the appointment of senior management personnel [2] - For the fiscal year 2024, Silan Microelectronics reported that its revenue composition was 95.58% from electronic components and 4.42% from other businesses [2]

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。 杭州士兰微电子股份有限公司（以下简称"公司"）第八届董事会即将到期 届满，公司于 2025 年 7 月 23 日召开的第八届董事会第三十六次会议审议通过了 《关于修订〈公司章程〉的议案》并提交公司 2025 年第二次临时股东大会审议。 本次章程修订包括：公司董事会由十五名董事组成，其中职工代表董事一名；职 工代表董事由公司职工代表大会、职工大会或者其他形式民主选举产生。 根据《公司法》及上述拟修订的《公司章程》等相关规定，公司于 2025 年 8 月 7 日召开了职工代表大会。经与会职工代表推举并表决通过，选举马良先生 为公司第九届董事会职工代表董事（简历详见附件）。 公司于 2025 年 8 月 8 日召开的 2025 年第二次临时股东大会审议通过了《关 于修订〈公司章程〉的议案》，并选举产生了十四名非职工代表董事。马良先生 与该十四名非职工代表董事共同组成公司第九届董事会，其任期与第九届董事会 任期一致。 证券代码：600460 证券简称：士兰微 编号：临 2025-040 ...