Core Viewpoint - Jiangsu Changdian Technology Co., Ltd. announced a cash dividend distribution plan, with a cash dividend of 0.12 yuan per share (before tax) for A-shares, totaling approximately 214.73 million yuan for all shareholders [1][2]. Dividend Distribution Details - The cash dividend distribution is based on a total share capital of 1,789,414,570 shares, resulting in a total cash dividend payout of 214,729,748.40 yuan [1]. - The key dates for the dividend distribution are as follows: - Record date: June 19, 2025 - Ex-dividend date: June 20, 2025 - Dividend payment date: June 20, 2025 [1]. Taxation Information - For individual shareholders and securities investment funds, the cash dividend of 0.12 yuan per share is subject to tax based on the holding period: - Holding period of 1 month or less: 20% tax - Holding period between 1 month and 1 year: 10% tax - Holding period over 1 year: exempt from personal income tax [2][3]. - Qualified Foreign Institutional Investors (QFII) will receive a net cash dividend of 0.108 yuan per share after a 10% withholding tax [2][3]. - Resident corporate shareholders and other non-resident corporate shareholders will self-manage their tax obligations, receiving a cash dividend of 0.12 yuan per share [3]. Implementation Method - The cash dividends will be distributed through the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to shareholders registered by the record date [1]. - Shareholders who have not completed designated trading will have their dividends held by the clearing company until the trading is completed [1]. Investor Consultation - Investors can inquire about the dividend distribution by contacting the company's board office at the provided phone number [3].

证券代码：600584 证券简称：长电科技 公告编号：临2025-029 江苏长电科技股份有限公司 2024年年度权益分派实施公告 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。 重要内容提示： 每股分配比例 A 股每股现金红利0.12元（含税） 扣税后每股现金红利：1、自然人股东及证券投资基金暂不扣缴个人所得税， 每股派发现金红利 0.12 元，待实际转让股票时按持股期限计算应纳税额。2、 合格境外机构投资者（QFII）、香港市场投资者按 10%税率代扣代缴所得税， 税后每股派发现金红利 0.108 元。3、居民企业股东（含机构投资者）及其他 非居民企业股东，其所得税自行缴纳，每股派发现金红利 0.12 元。 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/19 | － | 2025/6/20 | 2025/6/20 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本 ...

Group 1 - The National Semiconductor Chip Index (980017) has shown a slight increase of 0.06% as of June 6, 2025, with notable gains from stocks such as Zhaoyi Innovation (603986) up by 4.75% and Geke Micro (688728) up by 1.45% [1] - The semiconductor ETF (159813) is experiencing mixed trading, with the latest quote at 0.78 yuan, reflecting a 0.26% increase [2] - Over the past nine trading days, there have been net inflows of funds on six days, totaling 108 million yuan, with an average daily net inflow of 12.05 million yuan [2] Group 2 - The "5th China Integrated Circuit Design Innovation Conference and IC Application Ecological Exhibition" (ICDIA) is scheduled for July 11-12, 2025, in Suzhou, focusing on themes such as AI computing, photonic integrated circuits, and 5G/6G semiconductors [3] - Shanghai Securities maintains a bullish outlook on the electronics sector, predicting a comprehensive recovery in the semiconductor industry by 2025, with an optimistic overall development outlook [3] - The semiconductor ETF closely tracks the National Semiconductor Chip Index, reflecting the market performance of listed companies in the semiconductor industry [3] Group 3 - As of May 30, 2025, the top ten weighted stocks in the National Semiconductor Chip Index account for 66.85% of the index, including companies like SMIC (688981) and Cambrian (688256) [4] - The semiconductor ETF has various connection options, including A, C, and I classes [4]

Group 1 - The board of directors of Jiangsu Changjiang Electronics Technology Co., Ltd. held its 13th temporary meeting of the 8th session on May 30, 2025, via communication, with all 9 directors participating in the voting [1] - The board approved the appointment of Mr. Peng Qing as the Executive Vice President, nominated by CEO Zheng Li, with a term lasting until the end of the current board's tenure [1][2] - The board also approved an organizational restructuring to better implement strategies and enhance resource collaboration [1] Group 2 - Mr. Peng Qing meets the qualifications and professional capabilities required for senior management positions, has no legal violations, does not hold company shares, and has no conflicts of interest with the company [2]

证券代码：600584 证券简称：长电科技 公告编号：临 2025-028 二、董事会会议审议情况 本次会议表决通过了相关议案，形成决议如下： （一）审议通过了《关于聘任公司执行副总裁的议案》 根据公司首席执行长（CEO）郑力先生提名，经董事会提名委员会审核，一 致同意聘任彭庆先生为公司执行副总裁，任期自本次董事会审议通过之日起至第 八届董事会任期届满之日止。简历附后。 表决结果：9 票同意，0 票反对，0 票弃权。 （二）审议通过了《关于公司组织架构调整的议案》 江苏长电科技股份有限公司 第八届董事会第十三次临时会议决议公告 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。 一、董事会会议召开情况 江苏长电科技股份有限公司（以下简称"公司"）第八届董事会第十三次临 时会议于 2025 年 5 月 24 日以通讯方式发出通知，于 2025 年 5 月 30 日以通讯表 决方式召开，本次会议表决截止时间为 2025 年 5 月 30 日 14:00。会议应参加表 决的董事 9 人，实际表决的董事 9 人，公司监事及高级管理人员列席 ...

持续布局高增长领域，业务结构优化 公司持续聚焦高性能封装技术高附加值应用，加速对汽车电子、高性能计算、存储、5G 通信等高附加值 市场的战略布局，业务结构不断优化。2024年公司营收中通讯电子、消费电子、运算电子、汽车电子、工 业及医疗电子占比分别为44.8%、24.1%、16.2%、7.9%和7.0%，除工业领域外，各下游应用市场的收入均 实现了同比两位数增长。 运算电子业务为重要增长引擎 点击注册小程序 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 本订阅号是光大证券股份有限公司研究所（以下简称"光大证券研究所"）依法设立、独立运营的官方唯一订阅号。其他任 何以光大证券研究所名义注册的、或含有"光大证券研究"、与光大证券研究所品牌名称等相关信息的订阅号均不是光大证 券研究所的官方订阅号。 在半导体 ...

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company is continuously optimizing its business structure by focusing on high-growth areas such as automotive electronics, high-performance computing, storage, and 5G communications, with revenue contributions from various segments projected for 2024: 44.8% from communication electronics, 24.1% from consumer electronics, 16.2% from computing electronics, 7.9% from automotive electronics, and 7.0% from industrial and medical electronics [1][2] - The computing electronics segment is identified as a significant growth driver, with a projected revenue increase of 38.1% year-on-year in 2024, supported by the acquisition of an 80% stake in Shengdi Semiconductor, enhancing market share in the storage and computing electronics sector [2] - The automotive electronics business is also expanding, with a revenue growth forecast of 20.5% year-on-year in 2024, significantly outpacing industry averages, and the company is advancing the construction of its automotive electronics packaging and testing production base in Shanghai, expected to commence operations in the second half of 2025 [2] - The company is diversifying into smart terminal RF, power, and energy sectors, developing advanced packaging technologies to support 5G, WiFi RF modules, and APU integration applications, while also advancing third-generation semiconductor power devices and modules [3] Financial Forecasts and Valuation - The company’s revenue is projected to grow from 29.66 billion yuan in 2023 to 49.99 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 14.94% from 2024 to 2026 [4][9] - Net profit is expected to increase from 1.47 billion yuan in 2023 to 3.04 billion yuan in 2027, reflecting a significant recovery and growth trajectory [4][9] - The report adjusts the net profit forecasts for 2025 and 2026 downwards to 2.16 billion yuan and 2.50 billion yuan respectively, while introducing a new forecast for 2027 at 3.04 billion yuan [3]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Viewpoints - The company is continuously optimizing its business structure by focusing on high-performance packaging technology and high-value applications, accelerating its strategic layout in automotive electronics, high-performance computing, storage, and 5G communication [1][2] - The revenue distribution for 2024 is projected as follows: Communication Electronics (44.8%), Consumer Electronics (24.1%), Computing Electronics (16.2%), Automotive Electronics (7.9%), and Industrial & Medical Electronics (7.0%), with all markets except industrial showing double-digit year-on-year growth [1] - The computing electronics segment is a significant growth driver, with a projected revenue increase of 38.1% year-on-year in 2024, supported by the acquisition of 80% of Shengdi Semiconductor, enhancing market share in the storage and computing electronics sector [2] - The automotive electronics sector is also expanding, with a revenue growth of 20.5% year-on-year in 2024, significantly above the industry average, and the company is progressing on a new production base in Shanghai expected to commence operations in the second half of 2025 [2] - The company is diversifying into smart terminal RF, power, and energy sectors, developing advanced packaging technologies to support 5G, WiFi RF modules, and AIGC computing energy solutions [3] Financial Forecasts and Valuation - The company's revenue is projected to grow from 29.66 billion in 2023 to 49.99 billion in 2027, with a compound annual growth rate (CAGR) of approximately 14.94% from 2024 to 2025 [4][9] - Net profit is expected to increase from 1.47 billion in 2023 to 3.04 billion in 2027, with a notable growth rate of 33.90% in 2025 [4][9] - The report adjusts the net profit forecasts for 2025 and 2026 downwards to 2.16 billion and 2.50 billion respectively, while introducing a new forecast for 2027 at 3.04 billion [3][4]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [4]. Core Views - The company is a leading player in the semiconductor packaging and testing industry, benefiting from the recovery of industry conditions and its advanced packaging layout, which promises growth potential [4]. - The company ranks third globally among OSAT manufacturers and first in mainland China, indicating its strong market position [4]. - The company's proprietary XDFOI®Chiplet technology has achieved stable mass production, catering to high-performance computing, AI, 5G, and automotive electronics [4]. - The automotive electronics market presents significant growth opportunities, with the company expected to see rapid development following the launch of its new factory in Shanghai [4][6]. Financial Summary - Revenue projections for the company are as follows: - 2023: 29,661 million RMB - 2024: 35,962 million RMB (21.24% YoY growth) - 2025: 42,865 million RMB (19.20% YoY growth) - 2026: 47,361 million RMB (10.49% YoY growth) - 2027: 52,999 million RMB (11.90% YoY growth) [5]. - Net profit forecasts are: - 2023: 1,471 million RMB - 2024: 1,610 million RMB (9.44% YoY growth) - 2025: 2,078 million RMB (29.11% YoY growth) - 2026: 2,900 million RMB (39.56% YoY growth) - 2027: 3,967 million RMB (36.77% YoY growth) [5]. - The company's earnings per share (EPS) are projected to increase from 0.82 RMB in 2023 to 2.22 RMB in 2027 [5]. Investment Valuation - The current price-to-earnings (P/E) ratios are projected to decrease from 39.90 in 2023 to 14.79 in 2027, indicating an attractive valuation as earnings grow [5][6]. - The report compares the company with peers such as Tongfu Microelectronics, Huatian Technology, and Nexperia, with an average valuation of 39.29 times for 2025 [6].