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 ...

Core Viewpoint - The smartphone purchasing intention is weakening, particularly in the U.S. market, with a future 12-month purchasing intention of 36%, showing a month-on-month decline and year-on-year stability [1][12]. Group 1: Market Trends - The ideal replacement cycle for smartphones has extended to 31.1 months, indicating a slowdown in replacement behavior [2][13]. - U.S. purchasing intention has significantly dropped to 37%, down from 50% and 44% in the previous quarters [2][12]. - Despite a 3.2% year-to-date increase in smartphone sales as of April, the overall forecast for global smartphone sales remains conservative, with only a 1% year-on-year growth expected in 2025 and flat growth in 2026 [2][9]. Group 2: Impact of Tariffs - Tariffs are affecting global smartphone buyer sentiment, with 19% of respondents citing concerns over tariffs impacting prices as a reason for not purchasing [3][10]. - Among those likely to purchase a smartphone in the next 12 months, 82% are willing to accept some price increase due to tariffs, but 62% would seek cheaper alternatives if the increase is deemed excessive [3][13]. - The potential for OEMs to raise prices to offset tariff impacts could lead to a broader price increase across the market, affecting demand [3][10]. Group 3: Consumer Interest in AI Features - Interest in generative AI features in smartphones is slowly increasing, but it has not yet translated into significant changes in purchasing behavior [4][14]. - Only 34% of respondents indicated they would purchase a smartphone earlier or pay extra for generative AI features, suggesting that interest has not yet driven substantial demand [4][14]. Group 4: Stock Recommendations - UBS maintains a positive outlook on several smartphone-related stocks, including ASE, Broadcom, Hon Hai, and MediaTek, among others, with buy ratings [5][8]. - Caution is advised for Hua Hong Semiconductor, rated as a sell, and LG Display, rated neutrally [6][7].

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 core viewpoint of the news is the performance and composition of the Zhongzheng Su-Xi-Chang Development Theme Index, which reflects the overall performance of high R&D investment and growth-oriented listed companies in the Su-Xi-Chang region [1][2] - The Zhongzheng Su-Xi-Chang Development Theme Index has increased by 1.84% in the past month, decreased by 3.93% in the past three months, and has declined by 1.51% year-to-date [1] - The index consists of 80 sample companies selected for their high R&D investment and growth potential, with a base date of December 31, 2014, set at 1000.0 points [1] Group 2 - The top ten weighted companies in the index are: WuXi AppTec (11.5%), Changdian Technology (4.2%), Huadian Co., Ltd. (3.81%), Suzhou Bank (3.61%), Dongshan Precision (3.56%), Hengli Hydraulic (3.28%), Dongwu Securities (2.92%), Hengtong Optic-Electric (2.72%), Tianfu Communication (2.49%), and Zhaosheng Micro (2.42%) [1] - The market segment distribution of the index holdings shows that the Shanghai Stock Exchange accounts for 57.38% and the Shenzhen Stock Exchange accounts for 42.62% [1] - The industry composition of the index includes: Information Technology (26.89%), Industrial (21.84%), Healthcare (15.98%), Financials (13.80%), Consumer Discretionary (7.44%), Communication Services (6.42%), Materials (4.59%), Real Estate (1.04%), Utilities (0.71%), Energy (0.70%), and Consumer Staples (0.58%) [2] Group 3 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2] - Companies that are delisted or undergo mergers, acquisitions, or spin-offs will be handled according to the calculation and maintenance guidelines [2]

截至6月3日收盘，同花顺果指数概念下跌0.41%，位居概念板块跌幅榜前列，板块内，闻泰科技、珠海 冠宇、鹏鼎控股等跌幅居前，股价上涨的有5只，涨幅居前的有东山精密、中石科技、歌尔股份等，分 别上涨1.03%、0.46%、0.14%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 中韩自贸区 | 4.23 | 特钢概念 | -0.93 | | 细胞免疫治疗 | 3.87 | 医疗废物处理 | -0.51 | | 重组蛋白 | 3.64 | 同花顺果指数 | -0.41 | | 足球概念 | 3.56 | 无线充电 | -0.39 | | 毛发医疗 | 3.51 | 光热发电 | -0.33 | | CRO概念 | 3.41 | 深圳国企改革 | -0.24 | | 创新药 | 3.38 | F5G概念 | -0.23 | | 培育钻石 | 3.11 | 租售同权 | -0.22 | | 仿制药一致性评价 | 3.08 | 一体化压铸 | -0.21 | | 眼科医疗 | 3.08 | 硅能源 | -0.18 ...

Summary of Conference Call on China Semiconductor Industry Industry Overview - The conference call focused on the **China Semiconductor** industry, highlighting the performance and outlook for 2025, particularly the first half and the anticipated challenges in the second half of the year [1][4]. Key Points and Arguments 1. **Sales Performance**: - China semiconductor companies reported better-than-seasonal sales in **1Q25**, with a sequential sales decline of **8%** for fabless and IDMs, compared to a normal seasonal decline of approximately **15%** [3][4]. - The gross margins for fabless and IDM subsectors increased by **1 percentage point (ppt)** and **2 ppts** respectively, marking significant recoveries since **2021** [3][7]. 2. **2Q25 Expectations**: - Most companies expect sales growth in **2Q25** to align with seasonal trends, projecting an increase of **10-15%** sequentially [3][4]. 3. **Demand Concerns for 2H25**: - There are rising concerns regarding demand in the second half of **2025**, with expectations of flat sales compared to normal seasonality due to fading pull-in demand and diminishing subsidy effects [1][3][22]. - Factors contributing to this concern include: - Potential expiration of the **90-day tariff truce** affecting export orders [23]. - Limited growth in smartphone sales, indicating a fading subsidy effect [23]. - Anticipated demand weakness for solar systems post-subsidy cut-off [23]. - Elevated inventory levels leading to potential price pressure [24]. 4. **Subsector Preference Order**: - The preferred investment order within the semiconductor subsectors is: **WFE > OSAT > Foundry > IDM > fabless** [1][3]. - **AMEC** is identified as the top pick in the WFE sector, while **JCET** is favored among OSAT players due to elevated utilization and acquisition strategies [1][3][37]. 5. **Market Share Projections**: - Local WFE suppliers are expected to capture **50%** market share by **2030**, up from approximately **20%** in **2024** [3]. 6. **Investment Strategy**: - The report suggests a selective approach towards fabless players due to demand uncertainty and potential margin pressures in **2H25** [3][37]. - A cautious stance is recommended for Android smartphone component suppliers like **Maxscend**, given limited unit growth and potential price pressures [37]. Additional Important Insights - The **A-share semiconductor index** has declined by **1%** year-to-date, outperforming the tech index and CSI 300 by **3%** and **1%** respectively, currently trading at a **47x forward P/E**, which is around the average historical valuation [37]. - The report emphasizes the importance of monitoring inventory levels and pricing strategies as they could significantly impact the market dynamics in the latter half of **2025** [24][25]. This summary encapsulates the critical insights from the conference call regarding the current state and future outlook of the China semiconductor industry, highlighting both opportunities and risks for investors.

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 ...

Group 1: Market Overview - A-share indices showed mixed performance in May, with the Wind All A Index recording the highest increase, while the Sci-Tech Innovation 50 Index experienced the largest decline [3] - Various industries performed differently, with light manufacturing, comprehensive, and textile apparel sectors showing strong performance, while electronics, computers, real estate, and social services lagged [3] Group 2: Company Insights - Longji Technology (600584.SH) is focusing on high-performance packaging technology and high-value applications, accelerating its strategic layout in automotive electronics, high-performance computing, storage, and 5G communication markets. Revenue from communication electronics, consumer electronics, computing electronics, automotive electronics, and industrial & medical electronics for 2024 is projected to be 44.8%, 24.1%, 16.2%, 7.9%, and 7.0% respectively, with all but the industrial sector showing double-digit year-on-year growth [4] - Xiaomi Group (1810.HK) reported Q1 2025 revenue of 111.3 billion yuan, a 47.4% year-on-year increase, marking a record high for a single quarter and surpassing 100 billion yuan for two consecutive quarters. The Non-IFRS net profit reached 10.7 billion yuan, up 64.5%, with a net profit margin of 9.6% [5] - Pinduoduo (PDD.O) reported Q1 2025 revenue of 95.67 billion yuan, a 10.2% year-on-year increase, but faced a significant decline in net profit, with GAAP net profit down 47.3% to 14.74 billion yuan and Non-GAAP net profit down 44.7% to 16.92 billion yuan [6] - Meituan-W (3690.HK) achieved Q1 2025 revenue of 86.56 billion yuan, an 18.1% year-on-year increase, with net profit attributable to shareholders rising 87.3% to 10.06 billion yuan and adjusted net profit increasing 46.2% to 10.95 billion yuan [7]

Core Viewpoint - The company is strategically focusing on high-performance packaging technology and high-value applications, optimizing its business structure to capture growth in sectors such as automotive electronics, high-performance computing, storage, and 5G communications [2] Group 1: Business Structure and Growth Areas - The company is accelerating its strategic layout in high-value markets, with revenue distribution in 2024 projected as follows: 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. All sectors, except for industrial, are expected to achieve double-digit year-on-year revenue growth [2] - The computing electronics segment is a significant growth driver, with a 38.1% year-on-year revenue increase in 2024. The company has extensive experience in memory packaging and has acquired 80% of Shengdie Semiconductor, enhancing its market share in the storage and computing electronics sector [3] Group 2: Automotive Electronics - The company is actively engaging in the automotive electronics sector, forming strategic partnerships with leading international firms. The automotive electronics revenue is expected to grow by 20.5% year-on-year in 2024, significantly outpacing the industry average. The Shanghai automotive electronics packaging production base is under construction and is expected to commence production in the second half of 2025 [4] Group 3: Advanced Technologies and Applications - The company is expanding its capabilities in smart terminal RF, power, and energy sectors. It is developing advanced packaging technologies for 5G, WiFi RF modules, and millimeter-wave radar products. Additionally, it is advancing third-generation semiconductor power devices and modules, with its 2.5D vertical Vcore module already in mass production [5]