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长电科技董事长辞职,华润新任总会计或将接任!
Sou Hu Cai Jing· 2025-08-22 01:35
公告称,根据《中华人民共和国公司法》《公司章程》等相关规定,全华强先生的辞职未导致公司第八届董事会董事人数低于法定最低人数,其辞 职不会影响董事会的正常运作,辞职自辞职报告送达董事会时生效。全华强先生已按照公司相关规定做好工作交接。长电科技将根据相关规定,按 照法定程序尽快完成公司董事长的选举及董事会专门委员会的补选等相关工作。 长电科技表示,"全华强先生在公司任职期间恪尽职守、勤勉履职,积极推动公司规范运作,在公司治理、战略发展和促进公司高质量发展等方面 发挥了积极的作用,公司及公司董事会对其为公司发展所做出的贡献表示衷心的感谢!" 值得注意的是,去年11月底,华润集团正式入主长电科技的同时,时任华润(集团)有限公司总会计师的全华强也正式出任长电科技,没想到,仅 8个月之后,全华强就辞任了长电科技董事长。 8月20日晚间,国产半导体封测大厂江苏长电科技股份有限公司(以下简称"长电科技"或"公司")发布公告称,公司于2025 年8 月19 日收到董事长 全华强先生的书面辞职报告,因工作安排调整,全华强先生辞去公司第八届董事会董事、董事长及董事会下设专门委员会相关职务,辞职后不再担 任公司其他任何职务。 | | ...
长电科技人事地震!董事长全华强辞职!
是说芯语· 2025-08-21 23:39
Core Viewpoint - The article discusses the resignation of the chairman of Changdian Technology and the appointment of a new non-independent director, alongside the company's impressive financial performance in the first half of 2025 [1][3][7]. Group 1: Management Changes - On August 20, Changdian Technology announced the resignation of Chairman Quan Huqiang due to work arrangement adjustments, effective immediately upon the delivery of his resignation report [1][3]. - The resignation does not affect the minimum number of directors required for the board, ensuring normal operations continue [3]. - The board has nominated Ms. Zhou Xianghua as a candidate for a non-independent director, pending approval at the shareholders' meeting [3][4]. Group 2: New Director Profile - Ms. Zhou Xianghua has extensive experience in financial management, currently serving as the Chief Accountant at China Resources Group and previously as the General Manager of the Finance Department at China Telecom Group [4][5]. - Her career includes various roles in the finance sector, contributing to financial strategy and risk management at both China Telecom and China Resources [4][5]. Group 3: Financial Performance - In the first half of 2025, Changdian Technology reported a revenue of 18.61 billion yuan, a 20.1% increase year-on-year [7]. - The second quarter revenue reached 9.27 billion yuan, marking a 7.2% year-on-year growth and setting a historical high for the same period [7]. - The company achieved a net profit attributable to shareholders of 470 million yuan in the first half, with 270 million yuan in the second quarter, indicating strong operational performance and growth potential [7].
长电科技2025年中报简析:增收不增利,应收账款上升
Zheng Quan Zhi Xing· 2025-08-21 22:32
据证券之星公开数据整理,近期长电科技(600584)发布2025年中报。截至本报告期末,公司营业总收入186.05亿元,同比上升20.14%,归母净 利润4.71亿元,同比下降23.98%。按单季度数据看,第二季度营业总收入92.7亿元,同比上升7.24%,第二季度归母净利润2.67亿元,同比下降 44.75%。本报告期长电科技应收账款上升,应收账款同比增幅达30.2%。 财务报表中对有大幅变动的财务项目的原因说明如下: 本次财报公布的各项数据指标表现一般。其中,毛利率13.47%,同比增0.79%,净利率2.52%,同比减36.79%,销售费用、管理费用、财务费用总 计9.06亿元,三费占营收比4.87%,同比增40.0%,每股净资产15.58元,同比增5.02%,每股经营性现金流1.31元,同比减22.74%,每股收益0.26 元,同比减25.71% 交易性金融资产变动幅度为40.53%,原因:购买银行短期理财产品。 | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 154.87 Z | 186.05 Z | ...
长电科技20250821
2025-08-21 15:05
Summary of Longji Technology Conference Call Company Overview - **Company**: Longji Technology - **Industry**: Semiconductor and Advanced Packaging Key Financial Metrics - **Revenue**: - H1 2025 revenue reached 18.61 billion CNY, a year-on-year increase of 20.1%, marking a historical high [2] - Q2 2025 revenue was 9.27 billion CNY, up 7.2% year-on-year, also a historical single-quarter high [2] - **Net Profit**: - Net profit attributable to shareholders was 470 million CNY, a decline of 24% year-on-year, primarily due to increased operational costs from new production bases and rising R&D expenses [4][15] - **Gross Margin**: - Average gross margin for H1 2025 was 13.5%, a slight increase of 0.1 percentage points year-on-year [12] - **Capital Expenditure**: - The company maintains a capital expenditure plan of 8.5 billion CNY for the year, focusing on advanced packaging projects and technology breakthroughs [4][30] Business Performance - **Advanced Packaging**: - Advanced packaging business grew by 22% year-on-year, with wafer-level packaging growth close to 30% [2][5] - Traditional packaging revenue increased by 18% [5] - **Automotive Sector**: - Revenue from the automotive sector increased by 34% year-on-year, indicating strong growth in this area [2][5] - **Industrial Products**: - Revenue from industrial products grew by 39% [2] - **Computing Electronics**: - Revenue from computing electronics surged by 72% [2] - **Storage Business**: - Storage revenue increased by over 150%, with its revenue share approaching the mid-teens percentage [6] Market Dynamics - **Global Semiconductor Market**: - The semiconductor industry is experiencing a structural recovery, driven by strong demand for high-end chips due to AI and infrastructure needs [3] - **Capacity Utilization**: - Average capacity utilization reached around 70% in Q2 2025, with some production lines nearing full capacity [12][19] - **International Trade**: - The company is expanding domestic capacity and initiating overseas production to meet both domestic and international market demands [4][10] Strategic Initiatives - **Automotive Electronics**: - A new factory in Shanghai focused on automotive electronics is expected to commence mass production by the end of 2025, aiming for automotive electronics to account for over 20% of total revenue [2][8][23] - **Technological Innovations**: - Innovations in power devices, including advancements in silicon carbide technology, are being pursued to enhance market applications [7] - **Response to External Environment**: - The company is adapting to changes in international trade and market conditions by increasing production capacity and launching new products [10][29] Future Outlook - **Market Trends**: - The company anticipates continued growth in AI computing, communication, and automotive electronics markets, with a focus on advanced packaging technologies [17] - **Profitability Challenges**: - Despite a decline in profits, the company is optimistic about future growth driven by technological advancements and increased product introductions [24][25] - **Investment Plans**: - The company plans to maintain investment levels in advanced packaging and automotive electronics, with expectations of continued strong demand in these sectors [30] Additional Insights - **Shareholder Support**: - Major shareholder China Resources Group is providing strategic management tools and resources to support Longji Technology's growth [18] - **Pricing Strategy**: - The company has implemented a pricing adjustment mechanism to manage cost pressures while maintaining competitiveness [22] This summary encapsulates the key points from the Longji Technology conference call, highlighting the company's financial performance, market dynamics, strategic initiatives, and future outlook.
主力个股资金流出前20:卧龙电驱流出13.40亿元、胜宏科技流出12.94亿元





Jin Rong Jie· 2025-08-21 06:23
Key Points - The main focus of the article is on the significant outflow of capital from specific stocks as of August 21, with the top 20 stocks experiencing the largest withdrawals [1][2] Group 1: Capital Outflow - The stock with the highest capital outflow is Wolong Electric Drive, with a withdrawal of 1.34 billion [1] - Shenghong Technology follows closely with an outflow of 1.29 billion [1] - Other notable stocks with significant outflows include Inspur Information (1.25 billion), Northern Rare Earth (1.23 billion), and Industrial Fulian (0.88 billion) [1]
长电科技: 江苏长电科技股份有限公司2025年中期利润分配方案的公告
Zheng Quan Zhi Xing· 2025-08-21 05:40
Group 1 - The company plans to distribute a cash dividend of 0.03 RMB per share (including tax) to all shareholders based on a total share capital of 1,789,414,570 shares as of June 30, 2025 [1][2] - The profit distribution plan was authorized by the 2024 annual general meeting of shareholders, allowing the board of directors to decide on the mid-year dividend scheme for 2025 [2] - The company will not issue bonus shares or increase capital reserves for the 2025 mid-year distribution, and any changes in total share capital before the record date will result in an adjustment of the total distribution amount while maintaining the per-share distribution ratio [1][2] Group 2 - As of the announcement date, the company's undistributed profits amounted to 70,993,873.22 RMB [1] - The board of directors approved the mid-year profit distribution plan during the 14th temporary meeting of the eighth board and the 10th temporary meeting of the eighth supervisory board held on August 20, 2025 [2]
长电科技: 江苏长电科技股份有限公司第八届监事会第十次临时会议决议公告
Zheng Quan Zhi Xing· 2025-08-21 05:40
证券代码:600584 证券简称:长电科技 公告编号:临 2025-033 江苏长电科技股份有限公司 第八届监事会第十次临时会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 江苏长电科技股份有限公司(以下简称"公司")第八届监事会第十次临时 会议于 2025 年 8 月 11 日以通讯方式发出会议通知,于 2025 年 8 月 20 日以现场 结合电话会议的方式召开,本次会议应参会监事 3 人,实际参会监事 3 人。监事 会主席林桂凤女士主持了会议。会议的召集和召开符合《中华人民共和国公司法》 《中华人民共和国证券法》及《公司章程》的规定。 二、监事会会议审议情况 经与会监事审议、表决,形成决议如下: (一)审议通过了《江苏长电科技股份有限公司 2025 年半年度报告及摘要》 公司监事会根据中国证券监督管理委员会(以下简称"中国证监会") 《公开 发行证券的公司信息披露内容与格式准则第 3 号——半年度报告的内容与格式 (2025 年修订)》等有关规定,对公司 2025 年半年度报告进行了认 ...
长电科技(600584):Q2行业回暖表现分化,长电微逐步贡献营收
ZHONGTAI SECURITIES· 2025-08-21 05:37
Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative performance increase of over 15% against the benchmark index in the next 6 to 12 months [18]. Core Views - The semiconductor industry is experiencing a recovery, but performance is varied across different segments. The company is gradually contributing to revenue growth, particularly in advanced packaging technologies [5][8]. - The company is focusing on high-performance packaging technologies, including 2.5D/3D packaging, which positions it well to benefit from the growing demand for high-performance and high-computing power chips [12][13]. - The financial forecasts for the company have been adjusted, with expected net profits of 1.7 billion, 1.9 billion, and 2.2 billion for 2025, 2026, and 2027 respectively, indicating a solid growth trajectory [14]. Summary by Sections Financial Performance - In Q2 2025, the company achieved a revenue of 9.27 billion yuan, a year-on-year increase of 7.24%, while the net profit attributable to the parent company was 267 million yuan, a year-on-year decrease of 44.75% [7]. - The company’s gross margin was 14.3%, with a net margin of 2.88% [7]. - The company’s R&D expenses reached 5.7% of revenue in Q2, reflecting a commitment to innovation despite rising costs [7]. Revenue Breakdown - The revenue from different segments in H1 2025 includes: 1. Communication Electronics: 7.09 billion yuan, up 10.8% year-on-year [9]. 2. Computing Electronics: 4.17 billion yuan, up 71.4% year-on-year [9]. 3. Consumer Electronics: 4.02 billion yuan, down 4.6% year-on-year [9]. 4. Automotive Electronics: 1.73 billion yuan, up 34.6% year-on-year [9]. 5. Industrial and Medical Electronics: 1.6 billion yuan, up 37.8% year-on-year [9]. Future Outlook - The company is actively developing advanced packaging technologies, which are expected to support future growth in various applications, including automotive and high-performance computing [12][13]. - The integration of capabilities in computing, storage, power, and automotive electronics is anticipated to enhance the company's competitive position as the industry recovers [14].
长电科技_汽车和先进封装推动研发和产能扩张;2025 年业绩不及预期;中性-JCET (.SS)_ Automotive and advanced packaging drive rising R&D and capacity expansion; 2Q25 miss; Neutral
2025-08-21 04:44
Summary of JCET (600584.SS) Conference Call Company Overview - **Company**: JCET (Jiangsu Changjiang Electronics Technology Co., Ltd.) - **Industry**: Semiconductor and advanced packaging Key Financial Results - **2Q25 Revenue**: Rmb 9.27 billion, a 7% increase YoY but a 1% decrease QoQ, missing estimates by 17% and 9% respectively [1][2] - **Gross Margin**: Improved to 14.3%, matching 2Q24 levels, higher than estimates of 13.3% [1][2] - **Net Income**: Decreased by 45% YoY to Rmb 267 million, missing estimates by 50% [1][2] - **Operating Income**: Rmb 427 million, down 27% from estimates [2] Segment Performance - **Consumer Electronics**: Softer than expected, with a slight YoY decrease in 1H25 [1] - **Other Segments**: Communication, computation, automobile, industrial, and healthcare achieved double-digit revenue growth YoY [1] - **Automotive Electronics**: Revenue increased by 34% YoY in 1H25, supported by the new Shanghai plant expected to start production in 2H25 [3] Operational Insights - **R&D Investment**: Increased from Rmb 459 million in 1Q25 to Rmb 528 million in 2Q25, indicating ongoing expansion into new products [1] - **Capacity Expansion**: New Shanghai plant for automotive electronics completed in 1H25 [3] Earnings Revisions - **2025E Net Income**: Revised down by 15% due to lower revenues and higher operating expenses [8] - **2025E Revenue**: Revised down by 4% to Rmb 41.96 billion, reflecting weaker consumer electronics demand [8][9] - **Future Growth**: Expected revenue growth of 26% HoH in 2H25 due to seasonal demand recovery [8] Valuation and Price Target - **Target Price**: Rmb 39.3, based on a target P/E of 23.3x 2026E EPS [17][19] - **Current Price**: Rmb 37.70, indicating a modest upside of 4.2% [19] Risks and Considerations - **Key Risks**: Variability in semiconductor capex expansion in China, technology development pace, and advanced packaging shipment ramp-up [18] Conclusion - JCET is positioned to benefit from the recovery in semiconductor demand, particularly in the automotive sector, despite recent earnings misses and challenges in the consumer electronics segment. The company maintains a neutral rating due to modest upside potential based on current valuations.
主力个股资金流出前20:胜宏科技流出11.08亿元、卧龙电驱流出10.14亿元





Jin Rong Jie· 2025-08-21 03:51
Group 1 - The main focus of the article is on the significant outflow of capital from the top 20 stocks as of August 21, with specific amounts listed for each company [1] - The stock with the highest capital outflow is Shenghong Technology, with an outflow of 1.108 billion [1] - Other notable companies with substantial capital outflows include Wolong Electric Drive (-1.014 billion), Industrial Fulian (-0.880 billion), and Inspur Information (-0.858 billion) [1] Group 2 - The total capital outflow from the top 20 stocks indicates a trend of reduced investor confidence in these companies [1] - The data highlights a diverse range of sectors represented among the companies experiencing capital outflows, suggesting broader market implications [1] - The amounts of capital outflow for other companies in the list range from 0.598 billion to 0.404 billion, indicating varying levels of investor sentiment [1]
