| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 | 2026-024 | | --- | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | | ● 可转债转股情况： 闻泰科技股份有限公司 关于 2026 年第一季度可转债转股及股票期权激励计划 自主行权结果暨股份变动的公告 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： 闻泰科技股份有限公司（以下简称"公司"）截至 2026 年 3 月 31 日，累计 共有 3,245,000 元"闻泰转债"转换为公司股票，累计因转股形成的股份数量为 43,938 股，占"闻泰转债"转股前公司已发行股份总额的 0.0035%。截至 2026 年 3 月 31 日，尚未转股的"闻泰转债"金额为 8,596,719,000 元，占可转债发行 总额的 99.9618%。2026 年第一季度期间，因转股形成的股份数量为 6,115 股， 占"闻泰转债"转股前公司已发行股份总额的 0.00049%。 ● 股票期权自主行权 ...

Investment Rating - The report maintains a "Buy" recommendation for the ODM industry [5] Core Insights - The ODM industry is experiencing accelerated growth due to the rapid iteration of smart terminal products and increasing penetration of ODM services [1][2] - The global consumption of electronic ODM shipments is projected to grow from 853.5 million units in 2020 to 976.9 million units in 2024, and further to 1,473.0 million units by 2029 [1][26] - The top three players in the global consumer electronics ODM market are expected to hold a combined market share of 56.9% in 2024, with the smartphone ODM sector seeing a concentration of 75.1% among the top three [1][29] Industry Development and Technical Characteristics - The ODM model provides a complete supply chain from product R&D and design to production and delivery, adapting to the evolving needs of brand manufacturers [11][12] - The industry has seen a shift from IDH/EMS models to ODM as companies seek comprehensive service providers capable of managing the entire product lifecycle [16][19] - The increasing complexity of smart products necessitates advanced technical capabilities in areas such as RF design, software development, and supply chain management [22][38] Market Size and Competitive Landscape - The ODM market is characterized by high concentration, with leading companies like Longqi Technology and Huqin Technology dominating the landscape [29][31] - In 2024, Longqi Technology is projected to achieve a shipment volume of 219.1 million units, capturing a market share of 22.4% in the consumer electronics ODM sector [29][30] - The smartphone ODM market is expected to see Longqi Technology leading with a shipment of 172.9 million units, representing a 32.6% market share [31][32] Industry Barriers - Key barriers to entry in the ODM industry include technological, customer resource accumulation, financial, production delivery, and talent barriers [2][41] - The high technical requirements and the need for extensive experience in product development and supply chain management create significant challenges for new entrants [38][44] Industry Trends and Outlook - The penetration of ODM services is expected to continue rising as brand manufacturers increasingly outsource R&D and production to focus on flagship products [46][47] - Emerging markets such as Southeast Asia, India, and Latin America are anticipated to drive significant growth in ODM shipments due to their expanding consumer bases [48][53] - The demand for AIoT products is set to explode, presenting new opportunities for ODM manufacturers as technology continues to evolve [52][53]

Core Viewpoint - The article discusses the recent performance of semiconductor stocks in the A-share market, highlighting the impact of AI demand on the semiconductor industry and the differentiation in the storage chip sector [3][5][6]. Group 1: Semiconductor Stock Performance - Multiple semiconductor stocks in the A-share market saw gains, with Jin Hai Tong (603061.SH) rising over 4%, and other companies like SiDa Semiconductor (603290.SH) and HaiGuang Information (688041.SH) also experiencing increases [3]. - The Philadelphia Semiconductor Index in the U.S. rose by 1.21%, with Arm's stock surging by 16.38% after announcing its first self-developed AGI CPU, projected to generate $15 billion in revenue per product by 2031 [4]. Group 2: AI Demand and Market Dynamics - Intel and AMD have informed customers of upcoming price increases for CPUs in March and April, indicating a growing demand for AI computing power and an expanding market space [5]. - Google introduced a new AI memory compression technology, TurboQuant, which can reduce memory usage for large language models by at least six times without sacrificing accuracy, raising concerns about future storage demand [5]. Group 3: Storage Chip Sector Analysis - The growth in the storage chip sector is entering a phase of differentiation, with AI demand expected to provide long-term market growth momentum [6][7]. - TrendForce data indicates that the global supply-demand imbalance for memory will continue into 2026, with major DRAM manufacturers expected to increase production by approximately 26% and NAND production by about 24% [7]. - Despite the anticipated production increases, the actual expansion of supply from domestic manufacturers may take time, leading to a potential shift from broad sector growth to structural differentiation, particularly favoring high-end markets like HBM [7].

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： 一、 召开会议的基本情况 | 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2026-023 | | --- | --- | --- | | 证券代码：110081 | 转债简称：闻泰转债 | | 闻泰科技股份有限公司 关于召开2026年第二次临时股东会的通知 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 (一) 股东会类型和届次 2026年第二次临时股东会 召开的日期时间：2026 年 4 月 8 日 14 点 00 分 召开地点：上海市普陀区云岭东路 539 号公司会议室 (五) 网络投票的系统、起止日期和投票时间。 股东会召开日期：2026年4月8日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 4 月 8 日 至2026 年 4 月 8 ...

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2026-022 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 闻泰科技股份有限公司 第十二届董事会第二十七次会议决议公告 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 （一）闻泰科技股份有限公司（以下简称"公司"）第十二届董事会第二十 七次会议的召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》 的规定。 （二）2026 年 3 月 20 日通过邮件方式向全体董事及高级管理人员发出了会 议通知。召集人对本次会议的通知向与会董事作出了说明，与会董事同意豁免本 次董事会会议通知时限要求。 二〇二六年三月二十四日 （五）本次董事会由董事长杨沐女士主持，董事会秘书列席了本次会议。 二、董事会会议审议情况 审议通过《关于提请召开 2026 年第二次临时股东会的议案》 同意于 2026 年 4 月 8 日（周三）在公司上海会议室，以现场投票和网络投 票相结合的表决方式召开 ...

关于重大资产出售的进展公告 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、交易概述 | 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2026-021 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 闻泰科技股份有限公司 双方对印度业务资产包协议履行有争议，该争议事项已被立讯联滔提交至新 加坡国际仲裁中心（SIAC）。截至目前，本次仲裁尚未开庭，目前仍在组庭程 序中。 （二）公司后续应对 上述仲裁仅涉及印度业务资产包，公司已启动法律应对程序，积极准备相关 法律文件、确认仲裁程序、评估各项可行法律途径。本次争议背景复杂，涉及跨 境交易中常见的多法域法律适用与行政程序的交叉影响。最终裁决结果及责任归 属尚存在不确定性，目前暂无法准确预估该事项对公司财务的具体影响。公司将 持续应对本次争议，力求在法律框架内寻求有利于保障公司利益的解决方案。 2025 年 3 月 20 日，公司召开第十二届董事会第六次会议和第十二届监事会 第三次会议，审议通过了《关于公 ...

Core Viewpoint - Anshi Semiconductor (China) has achieved a significant milestone by successfully realizing small-batch production of 12-inch wafer bipolar discrete devices based on its self-developed 12-inch platform, which enhances competitiveness in core device solutions for consumer electronics, automotive, and industrial sectors [1] Group 1: Control Struggle and Supply Chain Impact - The control struggle over Anshi Semiconductor began in late September 2025 when the Dutch government forcibly took control from its parent company, Wentai Technology, citing "corporate governance issues" [2] - Following the takeover, China imposed export controls on Anshi China's products, and the Dutch side unilaterally suspended wafer supply, leading to a global chip shortage crisis in the automotive sector [2] - Despite some easing of restrictions in November 2025, the Dutch side has not resumed wafer supply, and prior to Anshi China's announcement of production, the Dutch side disabled employee accounts, disrupting critical production processes [2][3] Group 2: Technological Advancements - The 12-inch wafer production is not a simple transition from the existing 8-inch products but involves comprehensive optimization and reconstruction of chip structure, process integration, and manufacturing flow, overcoming common industry challenges [4] - Compared to traditional 8-inch processes, the 12-inch wafers yield nearly double the chip output, significantly improving production efficiency and reducing unit chip costs [4] - Anshi China's technical team has successfully produced automotive-grade Schottky rectifiers on this platform, achieving AEC-Q101 certification, suitable for stringent automotive electronic conditions [4] Group 3: Domestic Supply Chain Development - Anshi China, previously reliant on Dutch wafer supplies, has shifted to local wafer suppliers, securing multiple domestic resources to support the 12-inch platform production [5] - The company has locked in wafer production capacity for IGBT products with local suppliers and is accelerating validation with Wingsky Semi, which has a monthly capacity of 30,000 automotive-grade 12-inch wafers [5] - Anshi China's transition to a domestic wafer supply chain has effectively eliminated dependence on Dutch supplies, establishing a complete industry chain from local wafer supply to self-developed packaging and testing [5] Group 4: Market Position and Future Outlook - The small-batch production of 12-inch wafer bipolar discrete devices marks a new level of self-research and large-scale production capability for Anshi China, countering the Dutch supply cut attempts [7] - This breakthrough not only stabilizes supply for domestic customers but also injects stability into the global high-end manufacturing supply chain, accelerating the localization process in the discrete device sector [7] - Despite ongoing control disputes, Anshi China has navigated out of the constraints imposed by overseas entities, and as the 12-inch platform scales up, its market competitiveness and industry influence are expected to further enhance [7]

Core Viewpoint - The potential for a new global semiconductor supply chain crisis has been raised due to escalating conflicts between Dutch chipmaker Nexperia and its Chinese subsidiary, following export controls imposed by Beijing on Nexperia chips [1][3]. Group 1: Conflict Background - The global auto industry faced production disruptions in October when Beijing implemented export controls on Nexperia chips after the Dutch government seized the company from its Chinese parent, Wingtech [1]. - The chip shortage has somewhat eased due to diplomatic negotiations, but tensions between Nexperia's Dutch headquarters and its Chinese unit have intensified, with the Dutch entity supporting the removal of Wingtech's control and the Chinese unit demanding its restoration [2]. Group 2: Government Statements - China's commerce ministry stated that the conflict has created new difficulties for negotiations and accused Nexperia Netherlands of seriously disrupting normal production and operations, warning that the Netherlands would bear full responsibility if a new semiconductor crisis occurs [3]. - Beijing has criticized The Hague for not doing enough to facilitate a compromise and for allowing court proceedings that transferred Wingtech's shares to a Dutch lawyer [6]. Group 3: Company Actions - Nexperia's Chinese subsidiary declared independence from its Dutch parent in response to the removal of Wingtech's control and both entities have accused each other of bad-faith negotiations [5]. - The Dutch headquarters has suspended wafer supply to the Guangdong plant, further complicating the situation [5].

Core Viewpoint - Nexperia B.V. has disabled all employee office accounts in China, significantly impacting operations at Nexperia China, particularly affecting key systems like Office 365 and SAP [1] Group 1: Operational Impact - The disabling of accounts led to interruptions in production processes, specifically in the "customer-supplied wafers to factory SAP order transfer to production" stage [1] - Orders that had already been entered into the production process in SAP were not affected, indicating that some operational continuity was maintained [1] - Nexperia China has activated an emergency plan to restore critical systems and production scheduling, with most business operations now back online [1] Group 2: Financial Market Reaction - Following the announcement, the stock price of Nexperia's parent company, Wingtech Technology, surged, with an increase of over 9% at one point, closing with a gain of 5.05% [1]

Core Viewpoint - The stock price of Wentech Technology (600745) has surged nearly 8% following significant operational disruptions at Nexperia B.V. due to the disabling of employee accounts in China, which has impacted production processes [5][1]. Group 1: Operational Impact - Nexperia B.V. announced that starting from March 3, 2026, it disabled all employee office accounts in China, leading to major disruptions in critical operational environments such as Office 365 and SAP systems [1]. - Some production processes, particularly the transition of customer-supplied wafers to production orders in SAP, were interrupted, although orders already in production were unaffected [1]. - As of now, most operations have resumed, ensuring basic production capabilities, and the company is actively working to minimize potential impacts on future production and delivery [2]. Group 2: Legal and Governance Issues - On February 11, a Dutch court announced an investigation into Nexperia B.V. for alleged mismanagement, prompting a response from the Chinese Ministry of Commerce emphasizing the need to stabilize the global semiconductor supply chain [7]. - Wentech Technology expressed disappointment over the court's decision, which did not lift temporary measures against Nexperia and failed to restore Wentech's control as a shareholder [7][8]. - The court's ruling expanded the investigation to include the current interim management of Nexperia, confirming several claims made by Wentech regarding the dispute [8]. - Wentech reiterated that the only viable solution to restore Nexperia and stabilize the global supply chain is to lift all temporary measures and restore Wentech's shareholder rights [8].