Group 1 - Haitai Development plans to acquire controlling stake in Zhixueyun through cash, which may constitute a major asset restructuring [3] - Shutaishen's product STSP-0601 has been included in the priority review list by the National Medical Products Administration, entering the expedited approval process [4] - Yuyin Co. confirmed no undisclosed significant matters despite stock price fluctuations exceeding 20% over three trading days [5] Group 2 - ST Four Seasons announced the resignation of three vice presidents due to personal reasons [6] - Wanda Film is set to launch a shareholder reward program, offering discounted movie vouchers and exclusive purchase options for shareholders [7] - Huamai Technology reported normal business operations focused on communication infrastructure, with no undisclosed significant information [8] Group 3 - Cuiwei Co. is currently experiencing losses in its main business due to market conditions and operational changes [9] - Dongfang Yuhong has received government subsidies totaling 11.3344 million yuan, accounting for 10.48% of the audited net profit for 2024 [10] Group 4 - Wen's Co. reported a 14.23% year-on-year increase in pig sales revenue for May, with total sales of 3.1554 million pigs generating 5.323 billion yuan [12] - Wentaike plans to reduce its stake by up to 3% through block trades and centralized bidding, amounting to 37.3374 million shares [14] - Debang Technology has reduced its shareholding by 1% through block trades, now holding 16.83% of the company [15] Group 5 - Lanjian Intelligent plans to repurchase shares worth 10 to 20 million yuan at a maximum price of 41.88 yuan per share [17] - Chengdi Xiangjiang's subsidiary has won a bid for a 440 million yuan project with China Mobile for data center power system construction [19]

Group 1 - The core point of the article is that Wuxi Guolian Integrated Circuit Investment Center, a shareholder holding more than 5% of the shares, plans to reduce its stake in Wentech Technology (600745) by up to 37.34 million shares, which represents 3% of the company's total share capital [1]

Investment Rating - The report maintains an "Overweight" rating for the company with a target price of 96.00 CNY, based on a 30x forward P/E ratio, which is close to the historical average of peers in the A-share market [2][27][28]. Core Insights - The company is transitioning to a pure semiconductor IDM model, with the divestiture of its ODM business expected to eliminate negative profitability factors. This transition is anticipated to enhance growth prospects and improve profitability [7][12][27]. - The company is expected to benefit from the growing demand in the Chinese market and the recovery of the higher-margin European market. The financial burden is expected to decrease, leading to a projected compound annual growth rate (CAGR) of 212% in earnings from 2025 to 2027 [1][12][27]. - The semiconductor business is projected to see revenue growth of 22%, 11%, and 11% in 2025, 2026, and 2027, respectively, despite an expected decline in overall sales due to the divestiture of the ODM business [23][27]. Summary by Sections Financial Forecasts - Adjusted earnings per share (EPS) for 2025 is projected at 1.65 CNY, with a significant recovery expected in subsequent years, reaching 2.53 CNY in 2026 and 3.24 CNY in 2027 [4][11][30]. - Revenue for 2025 is expected to decline to 31,480 million CNY, down 57% year-on-year, but net profit is projected to increase by 173% to 2,057 million CNY [11][23][30]. Valuation and Market Position - The company is currently one of the lowest-valued semiconductor firms covered, trading at a 40% discount compared to peers, with a dynamic P/E ratio of 17x [1][12]. - The report highlights the company's strong position as a leading supplier in the discrete semiconductor market, benefiting from the trend of semiconductor localization in China [12][27]. Market Performance - Year-to-date, the company's stock has decreased by 12.4%, underperforming the A-share technology and semiconductor indices by 8% and 10%, respectively [25][26]. - The report suggests that despite the ongoing divestiture of the ODM assets, the current market conditions present a favorable opportunity to reassess the company's potential due to its improving semiconductor business outlook [25][27].

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 ...

2024年度可持续发展报告 资料来源：闻泰科技 编者按：ESG年报解读为搜狐财经及价值公司100联合发起的针对各公司ESG报告披露情况的解读专 栏。 参考上交所《上市公司治理准则》、港交所《环境、社会及管治守则》等文件，搜狐财经迭代完善各行 业ESG测评体系标准，并以最新标准为依托，以2024年公司ESG报告为主要数据来源，对公司环境资 源、社会责任及公司管治进行了评价。 本文为"闻泰科技"篇。 出品 | 搜狐财经 研究员 | 张子豪 ESG评级跃升领先行列，多项环境关键指标进步明显 5月24日，闻泰科技发布中英文两版2024年可持续发展报告。近年来，闻泰科技MSCI ESG评级经历了 从"落后"到"领先"的过程，从初期的CCC级（落后水平），到2024年首次进入全球ESG"领先企业"行 列。根据MSCI最新的评级结果，闻泰科技在水压力、化学品安全等关键领域，均优于全球行业均值， 评级也提升至BBB级。 从报告来看，闻泰科技2024年用水效率显著提升。其总用水量603.9万吨，用水密度（万吨/百万元收 入）从2023年的92.66降至82.05。同时持续提高水资源循环利用率，用水回收占比达19%，全球用水回 ...

Key Points - The company announced a repurchase price of 101.25 CNY per bond, including accrued interest [1][3] - The repurchase period is set from May 27, 2025, to June 3, 2025 [1][3] - The payment date for the repurchase funds is June 6, 2025 [1][3] Repurchase Terms - The repurchase rights are granted to bondholders if there are significant changes in the use of raised funds compared to the commitments in the prospectus, as recognized by the China Securities Regulatory Commission [1][2] - The accrued interest calculation formula is provided, with the fourth-year coupon rate set at 1.5% and the interest amount calculated to be 1.25 CNY per bond [2][3] - Bondholders can choose to sell part or all of their unconverted bonds during the repurchase period, which is not mandatory [2][4] Trading During Repurchase Period - The bonds will continue to trade during the repurchase period but will stop converting into shares [4] - If the total face value of the convertible bonds falls below 30 million CNY due to repurchases, trading will continue until the end of the repurchase period, after which an announcement will be made [4]

Core Viewpoint - The company is holding its second extraordinary general meeting of shareholders in 2025 to discuss significant asset transfer transactions involving cash sales to Luxshare Precision Industry Co., Ltd. and its subsidiaries, which will result in the transfer of 100% equity stakes in several subsidiaries and related business assets [7][9][10]. Meeting Arrangements - The meeting will combine on-site and online voting, with a designated time for shareholder registration and voting [1][4]. - The meeting will be presided over by the chairwoman, Ms. Zhang Qiuhong, with provisions for adjustments based on actual circumstances [1][4]. Proposed Resolutions - **Resolution 1**: Approval of the transaction meeting the conditions for a major asset restructuring, involving the cash sale of 100% equity stakes in subsidiaries and related business assets to Luxshare Precision [7][9][10]. - **Resolution 2**: Approval of the major asset sale plan, detailing the specific subsidiaries and assets involved in the transaction [8][9]. - **Resolution 3**: Review of the draft major asset sale report and its summary [13][14]. - **Resolution 4**: Authorization for signing conditional agreements related to the asset sale [15]. - **Resolution 5**: Signing of supplementary agreements to clarify transaction price and related matters [16]. - **Resolution 6**: Confirmation that the transaction does not constitute a related party transaction [17]. - **Resolution 7**: Acknowledgment that the transaction qualifies as a major asset restructuring [18]. - **Resolution 8**: Compliance with regulatory requirements for the transaction [21]. - **Resolution 9**: Confirmation of the company's eligibility to execute the transaction [22]. - **Resolution 10**: Assurance that the transaction does not involve a change in control of the company [23]. - **Resolution 11**: Confirmation that the transaction parties do not fall under disallowed conditions for major asset restructuring [24]. - **Resolution 12**: Approval of audit, review, and valuation reports related to the transaction [12][25]. - **Resolution 13**: Assurance of the independence and fairness of the valuation process [26][27]. - **Resolution 14**: Discussion of the potential dilution of immediate returns and measures to mitigate this [28][29]. - **Resolution 15**: Explanation of stock price fluctuations prior to the transaction announcement [31]. - **Resolution 16**: Confirmation of the completeness and compliance of legal procedures for the transaction [33][34]. - **Resolution 17**: Disclosure of asset purchase and sale activities in the past twelve months [36]. - **Resolution 18**: Implementation of confidentiality measures during the transaction process [39]. - **Resolution 19**: Authorization for the board to handle specific transaction matters [40].

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2025-095 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 闻泰科技股份有限公司 注：鉴于公司可转债处于转股期等因素，占总股本比例按照 2025 年 5 月 29 日的股本总数 1,244,578,835 股计算。 一、 回购审批情况和回购方案内容 闻泰科技股份有限公司（以下简称"公司"）于 2025 年 4 月 11 日召开了第十 二届董事会第八次会议，审议并通过了《关于回购公司股份的议案》。2025 年 4 月 12 日，公司披露了《关于回购公司股份的回购报告书》（公告编号：临 2025-048）。 本次回购股份方案的主要内容为：公司拟使用不低于人民币 2 亿元（含）、不超过 人民币 4 亿元（含）的自有资金回购公司股票，用于员工持股计划；回购股份价 格不超过人民币 50 元/股（含），回购期限为自董事会审议通过回购股份方案之日 起 12 个月内，从 2025 年 4 月 14 日至 2026 年 4 月 10 日。 二、 回购实施情况 （一）2025 年 4 月 14 日公 ...

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 | 2025-094 | | --- | --- | --- | --- | | 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"闻泰转债"可选择回售的第三次提示性公告 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"）2024 年年度股东大会、2025 年第一次债券持有人会议分别审议通过了《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》，根据公司《公开发行可转换公司债券募集说明 书》（以下简称《募集说明书》）有关"闻泰转债"的附加回售条款，"闻泰转债" 附加回售条款生效。现依据《上市公司证券发行注册管理办法》、《上海证券交易 所股票上市规则》和公司《募集说明书》的规定，就回售有关事项向全体"闻泰 转债"持有人公告如下： 一、回售条款及价格 （一）根据公司《募集说明书》的规定，附加回售条款具体如下： ● 回售价格：101.25 元/张（含当期应计利息 ...

闻泰科技股份有限公司 2025 年第二次债券持有人会议 会议材料 （转债代码：110081） 二〇二五年六月九日 闻泰转债 2025 年第二次债券持有人会议材料 闻泰科技股份有限公司 2025 年第二次债券持有人会议材料目录 | 闻泰科技股份有限公司 2025 年第二次债券持有人会议议程 | 1 | | --- | --- | | 闻泰科技股份有限公司 2025 年第二次债券持有人会议须知 | 2 | | 会议议案 | 4 | 闻泰转债 2025 年第二次债券持有人会议材料 闻泰科技股份有限公司 2025 年第二次债券持有人会议议程 会议时间：2025 年 6 月 9 日（星期一）15：00 现场会议地点：广东省深圳市罗湖区沿河北路 1003 号公司会议室 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 1 一、参会人员签到，债券持有人或其代理人登记（13:00-13:45） 二、主持人宣布会议开始 三、宣布债券持有人会议现场出席情况 四、推选监票人和计票人 会议召开方式：会议采取现场方式召开 会议安排： 五、审议各项议案 1、审议《关于公司重大资产出售方案的议案》 六、针对会议审议议案 ...