华泰联合证券有限责任公司 关于闻泰科技股份有限公司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核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为闻泰科技股份有限公司（以下简称"上市公司"、"公司"或者"闻泰科技"） 公开发行可转换公司债券的保荐人，根据《证券发行上市保荐业务管理办法》《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年 修订）》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》等有关法规规定，就闻泰科技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事项进行了认真、审慎的核查，并发表了核查意 见，具体情况如下： 一、募集资金的基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于核准 闻泰科技股份有限公司公开发行可转换公司债券的批复》（证监许可[2021]2338 号）核准，公司公开发行可转换公司债券募集资金总额为人民币 8,600,000,000.00 元，每张面值为人民币 100 元，发行数量为 8,600 万张，期限 6 年，扣除各项发 行费用人民币 33 ...

闻泰科技股份有限公司 2024 年度 营业收入扣除情况专项审核报告 专项审核报告 众会字（2025）第 05748 号 闻泰科技股份有限公司全体股东: 我们接受委托，审计了闻泰科技股份有限公司（以下简称 "闻泰科技"）2024 年度的财 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、合并及公司股东权益变动表以及相关财务报表附注，并于 2025 年 04 月 25 日出具了众会字（2025）第 04980 号审计报告。同时，我们审核了后附的闻泰科技 公司 2024 年度营业收入扣除情况表。 一、 管理层的责任 闻泰科技管理层的责任是提供真实、合法、完整的相关资料，按照《上海证券交易所上 市规则》以及《上海证券交易所上市公司自律监管指南第 2 号——业务办理》等要求编制营 业收入扣除情况表，并保证其内容真实、准确、完整，不存在虚假记录、误导性陈述或重大 遗漏。 二、 注册会计师的责任 我们的责任是对闻泰科技 2024 年度营业收入中是否存在与主营业务无关的收入和不具 备商业实质的收入进行审核，并就闻泰科技编制的营业收入扣除情况表发表 ...

闻泰科技股份有限公司 2024 年度 财务报表及审计报告 | | | | 目 | 录 | 页 次 | | --- | --- | --- | | 一、审计报告 | | 1-5 | | 二、已审财务报表 | | | | 合并及母公司资产负债表 | | 6-7 | | 合并及母公司利润表 | | 8 | | 合并及母公司现金流量表 | | 9 | | 合并及母公司所有者权益变动表 | | 10-13 | | 三、财务报表附注 | | 14-148 | 审 计 报 告 众会字（2025）第 04980 号 闻泰科技股份有限公司全体股东： 一、审计意见 我们审计了闻泰科技股份有限公司（以下简称"闻泰科技"）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、合并及公司所有者权益变动表、合并及公司现金 流量表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了闻泰科技 2024 年 12 月 31 日的合并及公司财务状况以及 2024 年度的合并及公司经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计 ...

闻泰科技股份有限公司 2024 年度 内部控制审计报告 | 内容 | 页码 | | --- | --- | | 审计报告 | 1-2 | | 内部控制自我评价报告 | 3-10 | 内部控制审计报告 众会字（2025）第 04981 号 闻泰科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了闻 泰科技股份有限公司（以下简称"闻泰科技"）2024 年 12 月 31 日的财务报告内部控制的有 效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指引》 的规定，建立健全和有效实施内部控制，并评价其有效性是闻泰科技董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意见， 并对注意到的非财务报告内部控制的重大缺陷进行披露。 目录 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的变 化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控制审计 结果推测未来内部控制的有效性具有一定风险。 ...

Core Insights - The company reported a revenue of 73.598 billion yuan for 2024, marking a year-on-year growth of 20.23% [1] - The semiconductor business generated a revenue of 14.715 billion yuan with a net profit of 2.297 billion yuan and a gross margin of 37.47% [1] - The company's strategic focus on semiconductor core advantages has led to significant improvements in financial performance, including a substantial reduction in net loss to 164 million yuan in Q1 2025 [2] Financial Performance - The semiconductor business showed impressive growth in the Chinese market, with revenue increasing for four consecutive quarters and accounting for 46.91% of total revenue [1] - The net profit for the semiconductor segment reached 2.297 billion yuan in 2024, with a gross margin of 37.47% [2] - The company generated approximately 3.7 billion yuan in cash flow in Q1 2025, which will support further semiconductor R&D [2] Strategic Focus - The company divested its product integration business (ODM) to focus entirely on its semiconductor operations, enhancing the clarity of its financial statements [2] - The company is advancing its R&D strategy from low-voltage to high-voltage and from power to analog chips, with a revenue share of 16.02% from analog and logic IC products in 2024 [3] - The company plans to invest 200 million USD in the development of next-generation wide bandgap semiconductor products, including SiC and GaN [4] Innovation and R&D - The company has achieved breakthroughs in the third-generation semiconductor field, particularly with high-performance automotive-grade SiC MOSFETs and GaN devices [4] - The company is focusing on the production of over 200 new analog chip models in 2025, covering critical areas such as power management and signal chain [3] - The company’s GaN devices are enhancing energy conversion efficiency and reducing costs in data centers and AI applications [6] Market Opportunities - The explosion of AI computing power is creating new growth opportunities for power semiconductors, with the company's MOSFET products being significantly more valuable in AI servers compared to non-AI servers [5] - The company’s GaN FET chips have been successfully mass-produced for fast-charging applications in consumer electronics, solidifying its position in the high-efficiency, low-power semiconductor market [6] Shareholder Confidence - The company has initiated a share buyback plan, with a commitment of 100-200 million yuan to enhance employee stock ownership and demonstrate confidence in long-term value [7] - The management's actions align with the strategic focus on semiconductor core business and continuous R&D investment [7] Conclusion - The 2024 annual report reflects the company's strategic transformation and commitment to semiconductor technology, positioning it for value re-evaluation amid the trends of domestic semiconductor substitution and global energy transition [8]

闻泰科技股份有限公司舆情管理制度 第一章 总则 第一条 为了提高闻泰科技股份有限公司(以下简称"公司")应对各类舆情的能 力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股票及其 衍生品交易价格、公司商业信誉及正常生产经营活动造成的影响，切实保护投 资者合法权益，根据《上海证券交易所股票上市规则》及相关法律法规的规定 和《闻泰科技股份有限公司章程》(以下简称"《公司章程》")，特制订本制 度。 第二条 本制度所称舆情包括： （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信息； （四）其他涉及上市公司信息披露且可能对上市公司股票及其衍生品交易价格 产生较大影响的事件信息。 第二章 舆情管理的组织体系及其工作职责 第三条 公司应对各类舆情实行统一领导、统一组织、快速反应、协同应对。 第四条 公司成立应对舆情管理工作领导小组（以下简称"舆情工作组"），由 公司董事长担任组长，董事会秘书担任副组长，成员由公司其他高级管理人员 及各子公司、各部门负责人组成。 第五条 舆情工作组是公司应对各类舆情处理工作的领导机构，统一领导公司应 对各类舆情的处理工作，就相关工作做出决策和部署，根据需要研究 ...

一、独立董事的基本情况 （一）个人工作履历、专业背景以及兼职情况 闻泰科技股份有限公司 独立董事 2024 年度述职报告 各位董事： 作为公司第十一届董事会独立董事，在2024年度工作中，我严格按照《公司 法》《上市公司独立董事规则》等法律法规以及《公司章程》的规定和要求，忠 实履行职责，出席相关会议，认真审议董事会各项议案，对公司重大事项发表独 立意见，充分发挥了独立董事的作用，尽可能有效地维护了公司、全体股东尤其 是中小股东的合法权益。现将我在2024年度履行独立董事职责的情况报告如下： 本人任北京邮电大学计算机学院（国家示范性软件学院）信息网络中心主任、 教授、博士生导师，现为亚太未来互联网 AsiaFI 专家组副秘书长。 （二）是否存在影响独立性的情况说明 公司董事会下设有战略、审计、提名、薪酬与考核委员会，按照《上市公司 治理准则》的相关要求，并根据公司各独立董事的专业特长，我分别在各专业委 员会中任职，并担任薪酬与考核委员会召集人。本人忠实履行独立董事及董事会 各专门委员会委员职责，对于提交董事会和董事会相关专门委员会审议的议案， 本人均在会前认真查阅相关文件资料，及时进行调查并向相关部门和人员询 ...

汇总表的专项审计报告 关于闻泰科技股份有限公司 非经营性资金占用及其他关联资金往来情况 目 录 1、 专项审计报告 2、 附表 委托单位： 审计单位： 联系电话： | | 目 | 录 | | | --- | --- | --- | --- | | 内容 | | | 页码 | | 专项审计报告 | | | 1-2 | | 资金占用情况汇总表 | | | 3 | 闻泰科技股份有限公司 2024年度非经营性资金占用及其他关联资金往来情况 的专项说明 众会字(2025) 第04983号 闻泰科技股份有限公司全体股东: 我们接受委托,依据《中国注册会计师执业准则》审计了闻泰科技股份有限公司(以下 简称"闻泰科技")2024年度的财务报表,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,并于2025年4月25日出具了众会字(2025)第04980号《审 计报告》。 根据中国证券监督管理委员会《上市公司监管指引第8号 -- 上市公司资金往来、对外 担保的监管要求》的要求以及参照上海证券交易所《上海证券交易 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥13,098,840,565.62, a decrease of 19.38% compared to ¥16,247,232,003.06 in the same period last year[5] - Net profit attributable to shareholders increased by 82.29% to ¥261,409,257.75 from ¥143,403,936.06 year-on-year[5] - In Q1 2025, the company achieved revenue of RMB 13.099 billion, with a net profit of RMB 261 million, representing a year-on-year growth of 82.29%[14] - Net profit for Q1 2025 increased to ¥257,941,137.15, compared to ¥157,476,779.59 in Q1 2024, representing a growth of 63.8%[26] - Operating profit for Q1 2025 was ¥444,512,926.38, up from ¥283,420,189.55 in Q1 2024, indicating a rise of 57.0%[26] - The company achieved a total comprehensive income of CNY 386.20 million in the current period, compared to CNY 154.50 million in the previous period, marking a year-over-year increase of 149.06%[27] Cash Flow and Liquidity - The net cash flow from operating activities surged by 1,195.83% to ¥2,523,472,951.96, compared to ¥194,737,859.23 in the previous year[5] - The company reported cash inflows from operating activities totaling approximately CNY 17.63 billion, an increase of 6.14% compared to CNY 16.61 billion in Q1 2024[29] - The net cash flow from operating activities for Q1 2025 was CNY 2.52 billion, significantly up from CNY 194.74 million in Q1 2024[30] - The company’s cash and cash equivalents decreased from RMB 7.834 billion on December 31, 2024, to RMB 5.819 billion by March 31, 2025[20] - The company’s cash and cash equivalents at the end of Q1 2025 stood at CNY 9.45 billion, up from CNY 4.79 billion at the end of Q1 2024, representing a 97.67% increase[31] Assets and Liabilities - Total assets decreased by 5.65% to ¥70,741,964,106.45 from ¥74,977,514,489.81 at the end of the previous year[6] - Total liabilities decreased from ¥40,136,798,878.12 to ¥35,709,666,417.68, reflecting a reduction of 11.0%[23] - The total equity attributable to shareholders increased slightly from ¥34,367,825,994.48 to ¥34,561,055,703.36, an increase of 0.6%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 161,908, with the top ten shareholders holding a combined 48.67% of shares[11] - The largest shareholder, Wentiang Technology Group Co., Ltd., holds 12.37% of shares, with 60,800,000 shares pledged[11] Business Segments - The semiconductor business generated revenue of RMB 3.711 billion in Q1 2025, up 8.40% year-on-year, with a gross margin of 38.32%, an increase of over 7 percentage points[14] - The company’s semiconductor revenue in China grew approximately 24% year-on-year, accounting for about 47% of total revenue, while revenue from the Asia-Pacific region (excluding China) increased by about 14%[14] - The product integration business reported revenue of RMB 9.38 billion, with a gross margin of 4.31%, resulting in a net loss of RMB 1.64 billion after excluding financial expenses[15] - The company plans to divest its product integration business assets to focus entirely on the semiconductor sector, enhancing its competitive advantage in the industry[15] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[5] Other Financial Metrics - Basic and diluted earnings per share rose by 75% to ¥0.21 from ¥0.12 in the same period last year[6] - The weighted average return on equity increased by 0.37 percentage points to 0.76% from 0.39%[6] - The company reported non-recurring gains of ¥107,354,714.79, with significant contributions from government subsidies and asset disposals[8] - Research and development expenses for Q1 2025 were ¥685,621,172.96, a decrease from ¥749,707,169.93 in Q1 2024, down by 8.6%[25] - The company reported a significant increase in other income to ¥18,985,328.71 in Q1 2025 from ¥94,358,733.37 in Q1 2024, indicating a decline of 80.0%[26] - The company received RMB 4.93 billion as the initial payment for the transfer of 100% equity in certain subsidiaries to Luxshare Precision in January 2025[17] - As of March 21, 2025, the company received the first installment of the transfer payment amounting to RMB 2.287 billion from Luxshare Precision[19] - The company reported cash inflows from investment activities totaling CNY 3.66 billion in Q1 2025, compared to CNY 1.20 billion in Q1 2024, indicating a substantial increase[31] - The net cash flow from financing activities was negative at CNY -4.05 billion in Q1 2025, worsening from CNY -936.51 million in Q1 2024[31] - The company’s total cash outflows from operating activities were CNY 15.11 billion in Q1 2025, down from CNY 16.41 billion in Q1 2024, showing a decrease of 7.95%[30] - The company reported a significant increase in cash received from other operating activities, totaling CNY 99.47 million in Q1 2025, compared to CNY 128.73 million in Q1 2024[30]

Financial Performance - The company reported a negative net profit attributable to shareholders for the year 2024, leading to a decision not to distribute profits or issue dividends [6]. - The company's operating revenue for 2024 reached ¥73.60 billion, representing a 20.23% increase compared to ¥61.21 billion in 2023 [24]. - The net profit attributable to shareholders was a loss of ¥2.83 billion, a significant decline of 339.83% from a profit of ¥1.18 billion in 2023 [25]. - The net cash flow from operating activities decreased by 22.88% to ¥4.49 billion, down from ¥5.82 billion in 2023 [25]. - Basic earnings per share for 2024 were -¥2.28, a decrease of 340.00% compared to ¥0.95 in 2023 [26]. - The weighted average return on equity dropped to -7.92%, down 11.10 percentage points from 3.18% in 2023 [26]. - The total assets at the end of 2024 were ¥74.98 billion, a decrease of 2.59% from ¥76.97 billion at the end of 2023 [25]. - The company's net assets attributable to shareholders decreased by 7.53% to ¥34.37 billion at the end of 2024, down from ¥37.17 billion at the end of 2023 [25]. - The company reported a quarterly operating revenue of ¥20.44 billion in Q4 2024, with a net profit loss of ¥3.25 billion for the same quarter [28]. - Non-recurring losses for 2024 totaled ¥408.90 million, compared to ¥54.37 million in 2023 [32]. Audit and Governance - The company has received a standard unqualified audit report from Zhonghua Certified Public Accountants [5]. - The company has maintained its commitment to transparency and accuracy in financial reporting, as stated by its management [3]. - The company has not encountered any violations of decision-making procedures regarding external guarantees [8]. - The company’s governance structure complies with the requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange [168]. - The company’s board of directors and supervisory board operate in accordance with regulatory requirements, ensuring the protection of investor interests [168]. - The company has established a remuneration and assessment committee to review executive compensation matters [180]. - The audit committee held three meetings during the reporting period, reviewing the annual report and quarterly reports [188]. - The remuneration and assessment committee also convened three times, focusing on annual salary and stock option plans [189]. - Independent directors fulfilled their responsibilities effectively in the decision-making process [197]. Strategic Focus and Market Position - The company is focused on expanding its market presence and developing new technologies, particularly in the semiconductor sector [16]. - The company plans to divest its product integration business assets to focus entirely on the semiconductor sector, enhancing its competitive advantage [39]. - The semiconductor business generated a revenue of 14.715 billion yuan with a gross margin of 37.47%, resulting in a net profit of 2.297 billion yuan [41]. - The company ranks third globally in power discrete devices and first in China, with nearly 16,000 product SKUs [42]. - The company has established deep partnerships with key players in the automotive, power grid, and communication sectors, enhancing its market position [42]. - The company aims to enhance its position in the global power semiconductor industry through strategic transformation and resource concentration [62]. - The company is transitioning from a traditional discrete device supplier to an energy electronics solution provider, enhancing its capabilities in power modules and power ICs [92]. - The company is developing an AI platform named "Nexi" to optimize chip design and manufacturing processes, aiming to reduce design iteration cycles significantly [161]. Research and Development - The semiconductor business's R&D investment amounted to 1.8 billion yuan, focusing on high-power discrete devices and new product development [50]. - Total R&D investment amounted to approximately ¥4.13 billion, representing 5.61% of total revenue, with 28.37% capitalized [110]. - The number of R&D personnel was 3,213, making up 10.90% of the total workforce [111]. - The company plans to expand its global R&D centers and increase investment in product innovation, particularly in traditional core products like rectifiers and power diodes [157]. Market Trends and Future Outlook - The company faced significant adverse impacts due to being placed on the Entity List by the U.S. Department of Commerce, affecting procurement, R&D, and sales [26]. - The global semiconductor market reached a record annual sales of $627.6 billion in 2024, a 19.1% increase from $526.8 billion in 2023 [64]. - The penetration rate of new energy vehicles in China reached 17.69% in 2024, up 1.7 percentage points from 2023 [69]. - The global penetration rate of new energy vehicles is expected to reach 24.4% by 2025, with pure electric vehicles increasing from 12.5% to 15.1% [134]. - The demand for power semiconductors in industrial automation and energy sectors is expected to grow significantly, driven by the transition to renewable energy sources [146]. - AI data centers are anticipated to see a compound annual growth rate of 15% to 20%, with power semiconductor demand reaching $4 billion by 2025 [148]. Employee and Operational Insights - The company has a total of 29,482 employees, with 19,075 in production roles and 5,331 in technical roles [191]. - The total hours of outsourced labor amounted to 38,102,848.21 hours, with total payments for outsourced labor reaching 792.61 million yuan [194]. - The company employs 204 individuals with doctoral degrees and 1,763 with master's degrees [192]. - The company has a total of 105 retired employees who require financial support [191]. Cash and Dividend Policy - The company plans not to distribute profits for the fiscal year 2024, with no cash dividends or stock bonuses proposed [196]. - The cash dividend policy is in compliance with the company's articles of association and shareholder resolutions [197]. - The decision-making process for profit distribution is complete and transparent [197]. - There were no cash dividends proposed for the reporting period, with a total cash dividend amount of 0 RMB [199]. - The company has provided opportunities for minority shareholders to express their opinions and protect their rights [197].