| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2025-154 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 本公司董事会、全体董事及相关股东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： | 股东名称 | 无锡国联集成电路投资中心（有限合伙） | | | | --- | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 | √否 | | | 直接持股 5%以上股东 | √是 | □否 | | | 董事、监事和高级管理人员 | □是 | √否 | | | 其他： | | | | 持股数量 | 96,718,566股 | | | | 持股比例 | 7.77% | | | 一、减持主体的基本情况 1 大股东持股的基本情况：本次减持计划实施前，闻泰科技股份有限公 司（以下简称"公司"）持股 5%以上股东无锡国联集成电路投资中心 （有限合伙）持有公司股票 96,718,566 股，占公司总股本 7.77%，上述 股份 ...

Core Viewpoint - Wuxi Guolian Integrated Circuit Investment Center (Limited Partnership), a shareholder holding more than 5% of the shares, plans to reduce its holdings in Wentai Technology through block trading and centralized bidding from November 27, 2025, to February 26, 2026, due to its own operational needs [1] Summary by Category - **Shareholding Reduction Plan** - The shareholder intends to reduce up to 24.8927 million shares through block trading, accounting for 2% of the company's total share capital [1] - Additionally, the shareholder plans to reduce up to 12.4464 million shares through centralized bidding, representing 1% of the company's total share capital [1] - **Market Conditions and Uncertainty** - The reduction price will be determined based on market conditions, indicating potential variability in the execution of the plan [1] - The implementation of this reduction plan carries uncertainty [1]

Core Viewpoint - Wentech Technology (600745.SH) announced that its major shareholder, Wuxi Guolian Integrated Circuit Investment Center (Limited Partnership), plans to reduce its holdings through block trading and centralized bidding, totaling up to 37.34 million shares, which is 3% of the company's total share capital [1] Summary by Category Shareholder Reduction Plan - The shareholder intends to reduce holdings by up to 24.89 million shares (2% of total share capital) through block trading [1] - Additionally, up to 12.45 million shares (1% of total share capital) will be reduced through centralized bidding [1] - The total reduction will not exceed 37.34 million shares, representing 3% of the company's total share capital [1] Timing and Reason - The reduction period is set from November 27, 2025, to February 26, 2026 [1] - The reason for the reduction is stated as the shareholder's own operational needs [1]

人民财讯11月5日电，闻泰科技（600745）11月5日公告，持股7.77%的股东无锡国联集成电路投资中心 (有限合伙)计划通过大宗交易及集中竞价交易方式，减持公司股份不超过3733.91万股(占公司截至2025 年11月4日公司总股本的3%)。 ...

Core Viewpoint - The semiconductor sector experienced a decline of 0.79% on November 5, with Zhongjing Technology leading the drop. Meanwhile, the Shanghai Composite Index rose by 0.23% and the Shenzhen Component Index increased by 0.37% [1][2]. Semiconductor Sector Performance - The semiconductor sector's main stocks showed mixed performance, with notable gainers including Hongwei Technology (+6.58%), Helin Micro-Nano (+5.04%), and Dawi Co. (+3.32%). Conversely, Zhongjing Technology led the decline with a drop of 6.56% [1][2]. - The trading volume and turnover for key stocks were significant, with Dawi Co. achieving a turnover of 1.847 billion yuan and Hongwei Technology reaching 305 million yuan [1][2]. Capital Flow Analysis - On the same day, the semiconductor sector saw a net outflow of 4.316 billion yuan from institutional investors, while retail investors contributed a net inflow of 3.2 billion yuan [2][3]. - Specific stocks like TuoJing Technology and Dawi Co. experienced varying levels of net inflow and outflow from different investor categories, indicating diverse investor sentiment within the sector [3].

闻泰科技的强硬态度源于对供应链命脉的掌控。安世半导体的芯片生产依赖中国工厂的封装测试环节， 这是其产品走向全球市场的"最后一公里"。没有中国工厂的支持，荷兰政府无法解决芯片断供问题。与 此同时，安世中国工厂已启动"独立自救"计划，恢复国内供货并改用人民币结算。这一举措不仅稳住了 本土车企的需求，还推动了人民币国际化，进一步削弱了荷兰对安世的控制力。 安世半导体事件的影响远超半导体行业。据欧洲汽车制造商协会（ACEA）警告，芯片短缺已让欧洲车 企面临停产风险。德国《商报》指出，安世半导体的影响还波及航空航天、国防工业及其他关键行业。 全球供应链的脆弱性在这一事件中暴露无遗。荷兰政府的"强盗"行径不仅破坏了国际市场规则，还将欧 洲工业置于风险之中。 闻泰科技的声明提出了进一步要求：荷兰政府需公开道歉，消除对闻泰及前CEO的声誉损害，并承担因 强制接管导致的经济损失。这不仅是对企业权益的保护，也是对国际经贸秩序的维护。闻泰还呼吁荷兰 对主导接管安世的涉事人员进行调查，依法追究责任。只有让越界者付出代价，才能避免更多类似的单 边掠夺行为。 中国半导体崛起，闻泰向荷兰发最后通牒：恢复安世前CEO，否则芯片出口全面受阻。 ...

Core Viewpoint - The article discusses the implications of the Dutch government's actions against the semiconductor company Nexperia, a subsidiary of Wingtech Technology, highlighting the unintended consequences for both the Netherlands and its European allies in the semiconductor supply chain [1][2]. Group 1: Dutch Government Actions - The Dutch government imposed dual restrictions on Nexperia, which aligns with U.S. export control measures, raising suspicions of coordinated efforts against Chinese assets [1][2]. - Following the restrictions, China retaliated with export controls, affecting major automotive manufacturers in Europe, including Honda, Volkswagen, BMW, and Mercedes, leading to potential production halts [2][3]. Group 2: Semiconductor Industry Dynamics - Nexperia's operational structure includes significant manufacturing capabilities in China, with 70%-80% of its production capacity located there, particularly in Dongguan, which handles 70% of global shipments [3][6]. - The article emphasizes that despite the Dutch restrictions, the short-term impact on Nexperia's operations may be mitigated by domestic Chinese semiconductor manufacturers like SMIC and Huahong, which can cover 80% of specifications [6]. Group 3: Geopolitical Context - The actions of the Dutch government are seen as part of a broader strategy by the U.S. and its allies to curb China's semiconductor industry, with the Netherlands acting as a key player in this geopolitical landscape [7][9]. - The article suggests that the long-standing global division of labor led by the U.S. and Europe is collapsing, with China beginning to reshape the rules of the semiconductor game [10][12]. Group 4: Future Implications - The ongoing geopolitical tensions are expected to continue affecting companies like Nexperia, with the potential for further restrictions and competitive dynamics in the semiconductor sector [12][13]. - The article concludes that the current situation serves as a warning to smaller nations about the shifting balance of power in the semiconductor industry and the need for strategic adjustments [13].

Market Performance - The AI PC concept index declined by 2.49%, ranking among the top declines in the concept sector as of the market close on November 4 [1] - Within the AI PC sector, companies such as Baiwei Storage, Xinghuan Technology, and Demingli experienced significant declines, while Wen Tai Technology, Haopeng Technology, and China Great Wall saw slight increases of 1.38%, 0.32%, and 0.18% respectively [1] Capital Flow - The AI PC concept sector experienced a net outflow of 3.877 billion yuan, with 37 stocks seeing net outflows, and 12 stocks having outflows exceeding 100 million yuan [2] - Shenghong Technology led the outflow with a net withdrawal of 622 million yuan, followed by Changying Precision, Lingyi Technology, and Tongfu Microelectronics with outflows of 495 million yuan, 294 million yuan, and 278 million yuan respectively [2] - The stocks with the highest net inflows included Pengding Holdings, Haopeng Technology, and Aohai Technology, with inflows of 65.96 million yuan, 23.06 million yuan, and 8.61 million yuan respectively [3] Stock Performance - The top decliners in the AI PC concept included Shenghong Technology (-1.22%), Changying Precision (-5.33%), and Lingyi Technology (-2.30%) [2] - Notable gainers in the sector were Wen Tai Technology (+1.38%) and Haopeng Technology (+0.32%) despite the overall decline [1][3]

Core Points - The ongoing conflict between ASML China and the Dutch government highlights a significant shift in the geopolitical landscape regarding technology and trust [1][10] - The Dutch government invoked a 72-year-old law to take control of ASML, citing national security concerns, which has raised alarms about the predictability of Western markets [1][5][10] Company Overview - ASML was founded in 2017 and is headquartered in Nijmegen, Netherlands, producing semiconductors for various sectors including automotive and consumer electronics, employing over 14,000 people globally [3] - The company was acquired by China's Wingtech Technology for approximately $3.6 billion in 2018, making it one of the few large chip manufacturers in Europe under Chinese control [3] Legal and Regulatory Context - The Dutch government applied the "Goods Availability Act" to ASML, a law originally designed for wartime resource management, indicating a redefinition of what constitutes critical infrastructure [5][6] - This law allows the government to intervene in private companies when the availability of key products is at risk, now extending to the semiconductor industry [5][6] Geopolitical Implications - The actions taken by the Dutch government are closely coordinated with Washington, indicating a broader strategy to control advanced technology and its production locations [6][7] - The political environment has shifted from efficiency to security, impacting global manufacturing, particularly in the automotive sector [7][9] Economic Consequences - China's response to the Dutch decision includes restrictions on low-end and automotive-grade chip exports to Europe, affecting ASML's operations and the broader supply chain [9][10] - The situation has led to significant operational challenges for ASML, with its factories in China unable to ship products and European management under government oversight [9][10] Broader Trends - The ASML case illustrates a structural transformation in global trade, where the free flow of capital and technology is increasingly influenced by political considerations [10][11] - The incident signifies a new threshold in China-Europe relations, with both sides facing heightened anxieties over technological dependencies and market access [10][11]

Core Viewpoint - The Chinese government expresses strong discontent regarding the Dutch government's interference in Nexperia's operations, emphasizing that such actions have severely impacted the global semiconductor supply chain and calling for a constructive resolution to the issue [1][2]. Group 1: Government and Legal Actions - The Dutch government issued an administrative order on September 30, which interfered with Nexperia's internal affairs, leading to a court ruling that stripped Chinese companies of their equity rights, violating their legitimate interests [1]. - On October 12, Wentai Technology announced that Nexperia faced dual restrictions from the Dutch government and courts, including a one-year freeze on assets and operations, which has significant implications for its global operations [4]. Group 2: Supply Chain Impact - Nexperia Netherlands announced on October 26 that it would stop supplying wafers to Nexperia China, causing disruptions in production and contributing to global semiconductor supply chain instability [1][4]. - Nexperia China has established sufficient inventories to meet customer demands through the end of the year and is actively working on contingency plans to ensure long-term supply resilience [12]. Group 3: Company Responses and Claims - Nexperia China refutes claims made by Nexperia Netherlands regarding contract payment failures, stating that the allegations are unfounded and that Nexperia Netherlands owes over RMB 1 billion in outstanding payments [7][8]. - The management of Nexperia Netherlands is accused of prioritizing personal interests over the company's overall welfare, which has led to significant losses for the company and its employees [9].