Core Viewpoint - The company is focusing on its semiconductor business, planning to divest its product integration assets to enhance its competitive position in the global power semiconductor industry [28][29]. Meeting Arrangements - The annual shareholder meeting will be held on May 16, 2024, at the Wentai Garden Hotel in Huangshi, Hubei Province, combining on-site and online voting [1][3]. - Shareholders will have the right to vote, speak, and inquire during the meeting, with specific guidelines to maintain order and efficiency [2][4]. Business Performance - The company reported a revenue of 73.598 billion yuan in 2024, representing a year-on-year growth of 20.23% [10]. - The semiconductor business achieved a revenue of 14.715 billion yuan with a gross margin of 37.47%, indicating a solid profitability trend [12]. Strategic Focus - The company plans to concentrate resources on its semiconductor business, aiming to enhance profitability and maintain its leading position in the industry [28][30]. - The semiconductor business is expected to benefit from the growing demand in the automotive sector, particularly in electric vehicles, where semiconductor content is significantly higher compared to traditional vehicles [14][17]. Product Development - The company is actively expanding its product line, focusing on high-power discrete devices and analog ICs, with significant investments in research and development [21][23]. - New products launched include advanced power MOSFETs, logic ICs, and energy management solutions, aimed at meeting the increasing market demand for high-performance semiconductor devices [22][24]. Market Opportunities - The semiconductor market is projected to grow, driven by trends in AI, electric vehicles, and industrial automation, providing ample opportunities for the company to expand its market share [18][19]. - The company is establishing strategic partnerships to enhance its product offerings and meet the stringent requirements of automotive applications [26].

闻泰科技股份有限公司 2025 年第一次债券持有人会议 会议材料 （转债代码：110081） 二〇二五年五月十六日 闻泰转债 2025 年第一次债券持有人会议材料 闻泰科技股份有限公司 2025 年第一次债券持有人会议材料目录 | 闻泰科技股份有限公司 2025 年第一次债券持有人会议议程 1 | | --- | | 闻泰科技股份有限公司 2025 年第一次债券持有人会议须知 2 | | 会议议案 4 | 闻泰转债 2025 年第一次债券持有人会议材料 闻泰科技股份有限公司 2025 年第一次债券持有人会议议程 会议时间：2025 年 5 月 16 日（星期五）15：00 现场会议地点：湖北省黄石市下陆区团城山广会路 18 号闻泰花园酒店会议室 会议召开方式：会议采取现场方式召开 会议安排： 1、审议《关于变更募集资金用途并将剩余募集资金永久补充流动资金的议 案》 六、针对会议审议议案，债券持有人及其代理人发言、提问 七、投票表决、计票 八、休会、工作人员统计表决结果 九、宣布表决结果 十、律师宣读关于本次债券持有人会议的法律意见书 十一、主持人宣布会议结束 1 二、出席会议的债券持有人，依法享有发言权、质询 ...

闻泰科技股份有限公司 2024 年年度股东大会 会议材料 （证券代码：600745） 二〇二五年五月十六日 闻泰科技 2024 年年度股东大会会议材料 闻泰科技股份有限公司 2024 年年度股东大会会议材料目录 | 闻泰科技股份有限公司 年年度股东大会会议议程 2024 1 | | --- | | 闻泰科技股份有限公司 2024 年年度股东大会会议须知 3 | | 会议议案 5 | 闻泰科技 2024 年年度股东大会会议材料 闻泰科技股份有限公司 2024 年年度股东大会会议议程 会议时间： 1、现场会议召开时间：2025 年 5 月 16 日（星期五）14：00 现场会议地点：湖北省黄石市下陆区团城山广会路 18 号闻泰花园酒店会议室 会议召开方式：现场投票与网络投票相结合 会议主持人：董事长张秋红女士（根据会议当天实际情况，有调整的可能） 会议安排： 一、参会人员签到，股东或股东代理人登记（13:00-13:45） 五、审议各项议案 7、审议《关于确认公司董事 2024 年度薪酬及审议公司董事 2025 年薪酬方 案的议案》 1 二、主持人宣布会议开始 三、宣布股东大会现场出席情况及会议须知 四、推选监票 ...

Core Viewpoint - The China Securities Intelligent Automotive Theme Index (CS Intelligent Automotive, 930721) has shown a recent upward trend, reflecting the overall performance of companies involved in the intelligent automotive industry [1][2]. Group 1: Index Performance - The CS Intelligent Automotive Index opened lower but closed higher, increasing by 0.74% to 4919.67 points, with a trading volume of 27.407 billion yuan [1]. - Over the past month, the index has risen by 10.54%, while it has decreased by 8.21% over the last three months, and it has gained 3.85% year-to-date [1]. Group 2: Index Composition - The index includes companies that provide terminal perception and platform applications for intelligent vehicles, as well as other representative companies benefiting from the intelligent automotive sector [1]. - The top ten weighted companies in the index are: iFlytek (5.14%), Weir Shares (5.03%), OFILM (4.67%), Top Group (4.61%), Luxshare Precision (4.43%), Chipone (4.4%), Wingtech Technology (4.22%), Desay SV (4.18%), Great Wall Motors (4.12%), and Huayu Automotive (4.03%) [1]. - The market share of the index's holdings is divided between Shenzhen Stock Exchange (51.74%) and Shanghai Stock Exchange (48.26%) [1]. Group 3: Industry Breakdown - The industry composition of the index holdings includes: passenger cars and parts (33.63%), electronics (22.04%), semiconductors (17.46%), computers (16.06%), and communication equipment and technology services (10.80%) [2]. - The index samples are adjusted quarterly, with adjustments occurring in the second week of March, June, September, and December [2].

Core Viewpoint - The company has received an inquiry letter from the Shanghai Stock Exchange regarding a major asset sale proposal and has applied for an extension to respond, ensuring the completeness and accuracy of the reply [1]. Group 1 - The company received the inquiry letter on March 27, 2025, and is actively organizing responses to the questions raised [1]. - The company has requested an extension of no more than 5 trading days to reply to the inquiry letter to ensure the response is thorough and accurate [1]. - The company is committed to completing the response and fulfilling its information disclosure obligations promptly [1].

收到《问询函》后，公司积极组织相关各方共同对《问询函》中涉及的问题 进行逐项落实和回复。截至本公告披露日，《问询函》的回复内容尚需进一步补 充和完善，为确保回复内容的真实、准确、完整，经向上海证券交易所申请，公 司将延期回复《问询函》，延期时间不超过 5 个交易日。公司将继续积极推进相 关工作，尽快完成《问询函》的回复工作并履行信息披露义务。 公司指定信息披露媒体为《中国证券报》、《上海证券报》、《证券日报》、《证 券时报》和上海证券交易所网站（www.sse.com.cn），公司有关信息均以公司在 上述指定媒体披露信息为准，敬请广大投资者及时关注后续公告并注意投资风险。 特此公告。 闻泰科技股份有限公司董事会 | 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2025-071 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 闻泰科技股份有限公司 关于延期回复上海证券交易所《关于对闻泰科技股份 有限公司重大资产出售预案的问询函》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 ...

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2025-070 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 闻泰科技股份有限公司 关于股份回购进展公告 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，现将公司截至上月末的回购进展情况公告如下： 截至 2025 年 4 月 30 日，公司已通过上海证券交易所系统以集中竞价交易方式 回购股份 7,557,000 股，占公司总股本比例约为 0.61%，回购成交的最低价为人 民币 31.36 元/股，最高价为人民币 35.09 元/股，已支付的资金总额为人民币 249,966,036.54 元（不含交易费用）。 本次回购股份符合相关法律法规的规定和公司股份回购方案的要求。 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、准确性和完整性依法承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/4/12 | | --- | --- | | 回购方 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company reported a revenue of 73.598 billion yuan for 2024, representing a year-on-year growth of 20.23%, but incurred a net loss of 2.833 billion yuan. In Q1 2025, the revenue was 13.099 billion yuan, a decline of 19.38% year-on-year, while the net profit was 261 million yuan, an increase of 82.29% year-on-year, with a non-recurring net profit of 154 million yuan, up 277.91% year-on-year [2][6]. Financial Performance - In 2024, the semiconductor business generated revenue of 14.715 billion yuan with a gross margin of 37.47%, contributing a net profit of 2.297 billion yuan. The revenue breakdown by end market includes automotive (62.03%), mobile and wearable devices (7.99%), industrial and power (20.60%), computing devices (5.36%), and consumer electronics (3.74%). Geographically, revenue was distributed as follows: Europe and Middle East (23.36%), China (46.91%), Americas (9.25%), and others (20.47%) [11]. - The ODM business achieved revenue of 58.431 billion yuan in 2024, a year-on-year increase of 31.85%, with a gross margin of 2.73%. The business faced challenges due to low initial pricing of new projects, rising raw material costs, and increased labor costs, leading to a decline in gross margin [11]. - In Q1 2025, the semiconductor business revenue was 3.711 billion yuan, up 8.40% year-on-year, with a gross margin of 38.32% and a net profit of 578 million yuan. The ODM business generated revenue of 9.38 billion yuan with a gross margin of 4.31% [11]. Future Outlook - The company plans to focus on its semiconductor business, as the ODM business has shown significant volatility in profitability and has been impacted by new capacity investments. The semiconductor segment, particularly the automotive power device sector, is expected to benefit from trends in electrification, digitalization, automation, and green energy, which will drive market growth. The company is also positioned to benefit from the trend of semiconductor localization in China [11]. - Forecasted net profits for the company are projected to be 1.756 billion yuan in 2025, 2.354 billion yuan in 2026, and 2.923 billion yuan in 2027 [11].

Core Viewpoint - The semiconductor industry is entering a new growth cycle, benefiting from the recovery in end markets such as automotive and consumer electronics, with Wentech Technology (600745) reporting better-than-expected performance [1] Group 1: Financial Performance - In 2024, the company's revenue reached 73.6 billion, with the semiconductor business contributing 14.7 billion and a gross margin of 37.47% [1][3] - In Q1 2025, the company's net profit surged by 82%, with the semiconductor business gross margin exceeding 38% [1][3] - The company reported a net cash flow from operating activities of 2.523 billion in Q1 2025, a year-on-year increase of 29.58% [3] Group 2: Market Position and Product Offerings - Wentech Technology is a leading player in the power semiconductor sector, having risen from 11th to 3rd globally since acquiring Anshi Semiconductor in 2019 [2] - The company holds the top position in several product categories, including small-signal diodes, transistors, and ESD protection devices [2] - The semiconductor business has nearly 16,000 product numbers, with key product lines including transistors, MOSFETs, and analog/logical ICs [2] Group 3: Industry Trends and Growth Drivers - The global semiconductor market is projected to exceed $600 billion in 2024, with a year-on-year growth of 19.1% [5] - Wentech Technology's semiconductor business is benefiting from the rapid growth of the Chinese new energy vehicle market, having entered the supply chains of top domestic EV manufacturers [4][6] - The company is investing $200 million in R&D for next-generation wide-bandgap semiconductor products, including SiC and GaN [5][7] Group 4: Future Outlook - The company is focusing on high ASP products and expanding its portfolio in third-generation semiconductor products, with significant progress in GaN and SiC technologies [7][8] - The revenue share from analog and logical ICs is expected to grow, with a 20% year-on-year increase in Q1 2025 [8] - The ongoing electrification and intelligence of vehicles, along with AI-driven demand in data centers, are anticipated to provide new growth opportunities for the semiconductor business [8]

财务指标方面，2024年闻泰科技毛利率为9.77%，同比下降6.31个百分点；净利率为-3.88%，同比下降5.46个百分点。 费用方面，2024年闻泰科技期间费用为63.35亿元，同比减少4.56亿元；期间费用率为8.61%，同比下降2.49个百分点。其中，销售费用同比增长7.57%，管理 费用同比减少13.60%，研发费用同比减少3.22%，财务费用同比减少20.09%。 单季度看，2024年第四季度闻泰科技实现营业收入204.37亿元，同比增长21.64%，环比增长4.42%；归母净亏损为32.48亿元，同比下降253.65%，环比下降 1284.74%；扣非归母净利润为3.43亿元，同比增长140.10%，环比增长71.98%。 4月25日，闻泰科技股份有限公司（以下简称"闻泰科技"）发布2024年报。数据显示，2024年闻泰科技营业收入为735.98亿元，同比增长20.23%；归母净亏 损为28.33亿元，同比下降339.83%；扣非归母净亏损为32.42亿元，同比下降387.69%；基本每股收益为-2.28元/股。 此外，2024年闻泰科技经营活动产生的现金流量净额为44.92亿元，同比增长114 ...