Core Viewpoint - The company plans to invest in a private equity fund focused on the semiconductor industry, indicating a strategic move towards enhancing its presence in high-tech sectors [1] Investment Details - The company's wholly-owned subsidiary, Nantong Wanye Technology Development Co., Ltd., intends to invest 299 million yuan in the establishment of the Chongqing Liangjiang Chip Venture Capital Private Equity Fund Partnership [1] - The target fundraising size for the partnership is set at 1 billion yuan, with Nantong Wanye holding a 29.90% stake in the Chongqing Liangjiang Industrial Fund [1] Investment Focus - The primary investment direction will be in integrated circuits and their upstream and downstream industries, aligning with national policy directions [1] - The fund aims to invest in high-quality enterprises with core technologies and broad market prospects, including but not limited to growth and mature stage companies in the new generation of information technology, as well as unlisted companies in sectors such as digital economy, artificial intelligence, and new energy [1]

Core Viewpoint - The company is undergoing a transformation towards the semiconductor industry, primarily through its subsidiaries, but has yet to achieve profitability in this sector [3][4]. Semiconductor Business - The company has been transitioning to the semiconductor industry, focusing on specialized equipment through subsidiaries, with revenues of 206 million, 346 million, and 241 million RMB from 2022 to 2024, respectively [3][4]. - The gross profit margins for the specialized equipment manufacturing segment have declined, with rates of 19.74%, 18.01%, and a loss of 2.18 million RMB over the same period [3][4]. - The company has incurred significant losses in its semiconductor subsidiaries, with net losses of approximately 18.68 million, 33.51 million, and 58.26 million RMB from 2022 to 2024 [3][4]. Revenue and Cost Structure - The main products in the semiconductor equipment business include ion implanters and etching machines, with total revenues of 240.97 million, 345.85 million, and 206.44 million RMB for 2022, 2023, and 2024, respectively [4][5]. - The cost of sales for ion implanters was 95.44 million, 114.65 million, and 46.58 million RMB for the same years, indicating a significant cost burden [4][5]. Pricing Strategy - The pricing model for ion implanters is based on cost-plus pricing, referencing similar imported products and negotiated with clients [4][5]. - The subsidiary, 嘉芯半导体, has adopted a competitive pricing strategy for refurbished second-hand equipment to penetrate the market quickly [5][6]. Market Dynamics - The semiconductor equipment market is characterized by high technical barriers, with a lengthy verification process for equipment before revenue recognition [6][7]. - The company faces increased competition from overseas firms, leading to price reductions in its products to maintain market share [6][7]. Financial Reporting and Goodwill - The company has conducted goodwill impairment tests for its acquisition of 凯世通, with no impairment recognized due to the recoverable amount exceeding the carrying value [10][18]. - The goodwill related to the acquisition was assessed based on future cash flow projections, with no need for impairment recorded from 2022 to 2024 [10][18]. Future Outlook - The company anticipates that the revenue from previously delivered but unverified orders, amounting to approximately 395 million RMB, will be recognized in 2025 [14]. - The company is focusing on increasing its market share and improving gross margins through strategic pricing and enhanced R&D capabilities [19].

Group 1 - The company's inventory turnover days for the real estate segment are projected to increase from 484.77 days in 2022 to 508.74 days in 2023 and further due to the reclassification of investment properties to inventory, resulting in a higher inventory balance by the end of 2024 [1] - The semiconductor segment shows a significant increase in inventory turnover days from 811.52 days in 2022 to 1,610.83 days in 2024, which is notably higher than industry peers, attributed to the transition from R&D to industrialization and longer procurement cycles for key components [1] - The company adopts a safety stock strategy of 12-18 months for critical raw materials, leading to a continuous increase in raw material amounts in line with production needs [1] Group 2 - The company has not recognized impairment provisions for its inventory as the estimated realizable value remains above cost, indicating a cautious approach to inventory impairment [2] - The auditor's review confirmed the effectiveness of the company's internal controls related to inventory and the reasonableness of its accounting policies for inventory impairment provisions [2] - The reclassification of investment properties to inventory is in compliance with accounting standards, and the provision for inventory impairment is deemed sufficient and prudent [2]

7HONGH 关于上海万业企业股份有限公司 2024 年年报的问询函之回复 众会字(2025)第 09207 号 上海证券交易所上市公司管理一部: 我们接受委托,审计了上海万业企业股份有限公司(以下简称"万业企业"或"公司")2024 年的年度财务报表,包括 2024年 12月 31日的合并及公司资产负债表,2024年度的合并及公司 利润表、合并及公司现金流量表、合并所有者权益变动表及公司所有者权益变动表以及财务报 表附注,并出具了众会字(2025)第 04588号审计报告。 贵部于 2025年 6 月 5 日下达了《关于上海万业企业股份有限公司 2024年年度报告的信息披 露监管问询函》(上证公函【2025】第 0762 号)(以下简称"问询函")。 (1) 区分主要产品,补充披露近三年公司半导体专用设备业务的收入及成本构成、定价模 式、产品单价、产品销量、主要客户及订单情况等,并结合同行业可比公司,分析近三年半导 体设备业务营业收入波动较大、毛利率持续下滑致使亏损扩大的原因,是否与同行业公司情况 相一致; 个华会计师赢名所 (特殊普通合伙) 地址:上海市虹口区东大名路1089号北外滩来福士广场东塔楼17- ...

证券代码：600641 证券简称：万业企业 公告编号：临 2025-038 上海万业企业股份有限公司 关于2024年年度报告的信息披露监管问询函的回复 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。 上海万业企业股份有限公司（以下简称"公司"或"万业企业"） 于近日收到上海证券交易所上市公司管理一部下发的《关于上海万业 企业股份有限公司 2024 年年度报告的信息披露监管问询函》（上证 公函【2025】0762 号，以下简称"问询函"）。根据问询函的要求， 公司会同众华会计师事务所（特殊普通合伙）（以下简称"年审会计 师"）针对问询函所提及的有关事项认真进行了核查落实，现将有关 问题回复如下： 本回复中若出现总计数尾数与所列数值总和尾数不符的情况，均 为四舍五入所致。如无特别说明，本回复中使用的简称或名词释义与 《上海万业企业股份有限公司 2024 年年度报告》一致。本回复表格 中金额单位，如无特别说明，均为"人民币万元"。 问题 1、关于半导体业务。 年报显示，公司近年来持续向半导体行业转型，并主要通过子公 1 司上海 ...

Core Viewpoint - The legal opinion letter from Guohao Law Firm confirms the legality and compliance of Shanghai Wanye Enterprise Co., Ltd.'s differentiated dividend distribution for the year 2024, ensuring it aligns with relevant laws and regulations [1][2][3]. Group 1: Differentiated Dividend Application - The company approved a share repurchase plan on February 18, 2024, to buy back shares using its own funds through centralized bidding, completing the repurchase of 19,556,524 shares, which is 2.10% of the total share capital, at a total cost of approximately RMB 250 million [3][4]. - The company will not conduct capital reserve transfers or issue bonus shares, proposing a cash dividend of RMB 0.4325 per 10 shares for all shareholders, excluding the repurchased shares [4][5]. Group 2: Financial Performance and Dividend Distribution - For the fiscal year 2024, the company reported a net profit attributable to shareholders of approximately RMB 107.54 million, with a total distributable profit of about RMB 1.28 billion [5][6]. - The total cash dividend distribution amounts to approximately RMB 39.40 million, representing about 36.64% of the net profit attributable to shareholders [5][6]. Group 3: Impact on Stock Price - The differentiated dividend distribution is expected to have a minimal impact on the stock's ex-dividend reference price, calculated to be approximately RMB 13.48675, with a negligible change of about 0.00674% [7][8]. - The company will maintain the distribution ratio even if there are changes in the total share capital or the number of shares held in the repurchase account before the ex-dividend date [6][7]. Group 4: Legal Compliance - The legal opinion asserts that the differentiated dividend distribution complies with the Company Law, Securities Law, and other relevant regulations, ensuring no harm to the interests of the company and its shareholders [8].

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于上海万业企业股份有限公司 差异化分红事项之专项法律意见书 致：上海万业企业股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上海证券交易所上市公司自律监管指引第 7 号——回购股份》（以下简称"《自律监管指引第 7 号》"）、《上海证券交易所股 票上市规则》（以下简称"《上市规则》"）、《上海证券交易所交易规则》（以下简 称"《交易规则》"）以及《上海万业企业股份有限公司章程》（以下简称"《公司 章程》"）等相关法律、法规及规范性文件的规定，本所律师就上海万业企业股份 有限公司（以下简称"公司"）2024 年度利润分配涉及的差异化分红特殊除权除 息处理（以下简称"本次差异化分红"）相关事项出具本法律意见书。 按照律师行业公认的业务标准、道德规范和勤勉尽责的精神，依据本法律 意见书出具日以前已发生或存在的事实，本所律师发表法律意见，并声明如下： 1、本所律师已严格履行法定职责，遵循了勤勉尽责和诚实信用原则，对与 出具本法律意见书有关的所有文件资料及证言进行了审查判断，对公司 ...

证券代码：600641 证券简称：万业企业 公告编号：临 2025-037 上海万业企业股份有限公司 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0.04325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 | 2025/7/10 | － | 2025/7/11 | 2025/7/11 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 16 日的2024年年度股东大 会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结 算有限责任公司上海分公司（以下简称"中国结算上海分公司"）登 记在册的本公司全体股东。 根据《公司法》《证券法》《上海证券交易所上市公司自律监管 指引第 7 ...

Group 1 - The major shareholder, Shanghai Guosheng Capital Management Co., Ltd., holds 46,531,500 shares, accounting for 5.00% of the total share capital of Shanghai Wanye Enterprise Co., Ltd. [1] - Guosheng Capital plans to reduce its holdings by up to 1,861,200 shares, which is not more than 0.20% of the total share capital, due to funding needs [2] - The reduction period is set from July 25, 2025, to October 24, 2025, and the shares will be sold through centralized bidding [2] Group 2 - Guosheng Capital is not a controlling shareholder or actual controller of the company, and the reduction plan will not lead to a change in control of the listed company [3] - The company will ensure that Guosheng Capital complies with relevant laws and regulations during the reduction period [3]

Key Points - The stock of Renle will be delisted on July 4, 2025 [1] - Hualing Steel has been acquired by Xintai Life Insurance with a shareholding ratio of 5% [1] - Vanke A has applied for a loan of up to 6.249 billion yuan from Shenzhen Metro Group [1] - ST Yazhen has completed stock trading verification and will resume trading tomorrow [1] - Aerospace Chuangxin has regained procurement qualifications for military material engineering services [1] - Shangwei New Materials' controlling shareholder is planning a major event, and the stock will remain suspended [1] - Changling Hydraulic's actual controller is planning a change of control, and the stock will be suspended from tomorrow [1] - China Merchants Bank has been approved to establish China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan [1] - Liugang Co. has experienced a potential irrational speculation risk with its stock [1] Operating Performance - Brothers Technology expects a net profit increase of 325% to 431.25% year-on-year for the first half of the year [1] - Huayin Power anticipates a net profit increase of 175 million to 215 million yuan year-on-year for the first half [1] - Xutian Salt Industry expects a net profit decrease of 76.34% to 80.29% year-on-year for the first half [1] - Juguang Technology expects a net loss of 42 million to 54 million yuan for the first half [1] - Beibu Gulf Port reported a cargo throughput of 31.1158 million tons in June, a year-on-year increase of 2.56% [1] - China Nuclear Power generated 115.104 billion kWh of electricity in the first half, a year-on-year increase of 15.92% [1] - Changyuan Power completed a power generation of 16.715 billion kWh in the first half, a year-on-year decrease of 8.3% [1] - Poly Developments signed contracts worth 29.011 billion yuan in June, a year-on-year decrease of 30.95% [1] Shareholding Changes - Jingye Da's actual controller plans to reduce holdings by no more than 3% [1] - Deyi Cultural Creation's actual controller Wu Tifang plans to reduce holdings by no more than 3% [1] - Caifu Trend's actual controller and chairman plan to reduce holdings by no more than 3% [1] - Annuo Qi's actual controller plans to reduce holdings by no more than 2% [1] - Suotong Development's actual controller and concerted actors plan to reduce holdings by no more than 2.21% [1] - Dingsheng Co.'s controlling shareholder plans to reduce holdings by no more than 1.71% [1] - Weitang Industrial's controlling shareholder plans to reduce holdings by no more than 1.95% [1] - Jinlong Automobile's Fujian Investment Group plans to reduce holdings by no more than 1% [1] - Wanye Enterprises' Guosheng Capital plans to reduce holdings by no more than 0.2% [1] - Zhonggang Luonai's Guoxin Shuangbai No.1 plans to reduce holdings by no more than 0.5% [1] - Funeng Technology's Shenzhen Anyan Investment plans to reduce holdings by no more than 1% [1] - Ankang Technology's Shenzhen High-tech Investment plans to reduce holdings by no more than 3% [1] - Donglai Technology plans to reduce no more than 1.2048 million repurchased shares [1] - Qujiang Cultural Tourism's controlling shareholder's 12 million shares are set to be auctioned [1] - Hesheng Silicon Industry's controlling shareholder plans to exchange no more than 1% of shares for ETF shares [1] Contract Awards - Boshi Co. signed an outsourcing service contract worth 109 million yuan with Guangxi Petrochemical [1] - Zhongyou Engineering's subsidiary signed a contract worth 294 million USD for the Atavi GMP pipeline project with Total Energy [1] - China Electric Power Construction's subsidiary signed a mining transportation project contract worth approximately 5.063 billion yuan [1] Other Developments - Xingxin New Materials plans to invest in a project with an annual output of 153,000 tons of polyolefin amine series products [4] - Haishun New Materials plans to acquire Sirewen Company to expand the application of electronic film materials in the semiconductor field [4] - Wankai New Materials is undergoing production reduction and maintenance, which is expected to significantly impact overall operating performance [4] - Donghu High-tech is participating in the establishment of the Donggao Frontier Phase II Fund to improve the development model of the park operation sector [4] - Jiete Biological plans to participate in the establishment of an industrial fund primarily investing in early and mid-stage biopharmaceutical projects [4] Asset Sales - Nord Shares plans to sell 70% equity of its wholly-owned subsidiary Jiangsu Lianxin for 70 million yuan [5]