研发方面，公司半导体业务积极投入研发，推出众多新产品，有力支撑了在AI数据中心、新能源汽 车、消费电子等领域的应用。 在AI方面，公司面向AI数据中心及服务器电源的收入快速增长，AI服务器相关出货量同比增长30%至 40%。公司MOSFET、保护器件成功进入全球头部AI服务器厂商供应链；1200V SiC产品适用于高功率 AI服务器等应用；48V热插拔模拟芯片已送样北美核心云及XPU供应商，与MOS、BJT、TVS等器件打 造一站式热插拔整体解决方案。 本报讯(记者李万晨曦)8月29日晚，功率半导体龙头闻泰科技（600745）股份有限公司(以下简称"闻泰科 技")发布2025年半年报。公司上半年实现营收253.41亿元，归母净利润为4.74亿元，同比大增237.36%， 扣非净利润3.35亿元。公司以创新为驱动，以全球布局为支撑，坚定战略转型，在AI、新能源加速发展 的背景下，实现盈利水平大幅跃升。 报告期内，公司半导体业务在产品销售、新产品研发及经营管理优化等方面表现突出。 具体来看，在半导体业务领域，2025年上半年，公司营收78.25亿元，同比增长11.23%，净利润12.61亿 元，同比增长17.05 ...

Core Viewpoint - Wentech Technology has entered a "pure chip" era, showcasing impressive financial performance with a 237% year-on-year increase in net profit for the first half of 2025, driven by its semiconductor business which generated 12.61 billion yuan in net profit from 78.25 billion yuan in revenue, achieving a gross margin of 37.89% [1] Group 1: Business Transformation - The significant increase in net profit indicates that Wentech Technology has transitioned into a new phase of high-quality development characterized by stable volume and increased profits [2] - The semiconductor business has become the main profit driver, with revenue growth of 11.23% year-on-year and net profit growth of 17.05%, showing accelerated growth in the second quarter with a 10.86% increase in revenue and an 18.17% increase in net profit quarter-on-quarter [2] Group 2: Global Market Performance - Wentech Technology's global market diversification has demonstrated strong resilience and growth potential, with the Chinese market showing remarkable performance, achieving over 20% year-on-year revenue growth and more than 14% quarter-on-quarter growth in the second quarter [3][4] - The Americas and Asia-Pacific regions experienced steady mid-to-high single-digit growth, driven by AI and consumer business, while the European market saw a recovery with over 10% quarter-on-quarter revenue growth in the second quarter [3] Group 3: Growth Drivers - AI and automotive electronics are identified as the two core growth drivers for Wentech Technology, with significant revenue growth in AI data centers and server power supplies, and a 30-40% year-on-year increase in AI server shipments [5][6] - The company is expanding its automotive electronics products from 40V to medium and high voltage, supporting the transition of automotive products to the 48V platform, with new generation MOS products entering the supply chain of leading domestic new energy vehicle manufacturers [5] Group 4: Capacity and Orders - Wentech Technology has ensured sufficient production capacity, with its own factories operating at full capacity and third-party foundries also experiencing high order volumes [7] - The company has a robust order situation, with management indicating that third-quarter orders are expected to continue improving, leading to anticipated revenue growth both year-on-year and quarter-on-quarter [8] Group 5: Valuation and Market Position - As of August 29, Wentech Technology's market capitalization stands at 54.1 billion yuan, with a year-to-date increase of approximately 12%, indicating significant valuation recovery potential compared to peers [9] - The company's strategic positioning in AI server power chips and automotive-grade SiC MOS production is expected to support current profit growth and enhance its leading position in the industry [9]

2025年上半年，全球半导体行业仍处阶段性调整，闻泰科技（600745）(600745.SH)却交出"盈利飙升 +结构优化"的亮眼答卷：营业收入253.41亿元，归属于上市公司股东的净利润4.74亿元，同比大幅上升 237.36%，盈利质量显著提升，核心驱动力直指半导体业务的强势表现。 半导体业务表现亮眼，二季度环比加速增长 报告期内，公司半导体业务实现营业收入78.25亿元，同比增长11.23%，业务毛利率达37.89%，实现净 利润12.61亿元，同比增长17.05%。尤其值得关注的是，半导体业务在第二季度展现出强劲的增长势 头，营收和利润环比均实现提升。 更关键的是，业绩增长与订单储备为其估值修复提供"硬支撑"：公司半导体业务正持续向汽车、工业、 消费领域渗透，客户份额稳步提升，新产品推广进展顺利；公司管理层在7月投资者交流活动中更明确 透露，当前在手订单充足，下半年收入有望在上半年基础上进一步环比增长，为估值提升注入持续动 力。 AI+汽车电子双驱动，下游应用全面爆发 从下游市场看，公司各业务板块呈现"全领域增长、高潜力突围"态势：消费领域收入同比增长逾50%， 表现最为亮眼；中国区汽车客户受益于电动 ...

Core Insights - Wentech Technology has entered a "pure chip" era, showcasing impressive financial results with a 237% year-on-year increase in net profit for the first half of 2025, driven by its semiconductor business which generated 12.61 billion yuan in net profit from 78.25 billion yuan in revenue, achieving a gross margin of 37.89% [1] Group 1: Business Transformation - The significant increase in net profit indicates that Wentech Technology has transitioned into a new phase of high-quality development characterized by stable volume and increased profits [2] - The semiconductor business is the main profit driver, with revenue growth of 11.23% year-on-year and net profit growth of 17.05%, showing accelerated growth in the second quarter with a 10.86% increase in revenue and an 18.17% increase in net profit quarter-on-quarter [2] Group 2: Global Market Performance - Wentech Technology's global expansion strategy has demonstrated strong resilience and growth potential, with diverse market performance across regions [3] - The China region has shown remarkable growth, with revenue increasing by over 20% year-on-year and more than 14% quarter-on-quarter in the second quarter, driven by the automotive, industrial, and consumer sectors [3] - The Americas and Asia-Pacific regions experienced steady mid-single-digit growth, benefiting from AI and consumer business, while Europe saw a recovery with over 10% quarter-on-quarter revenue growth in the second quarter [3] Group 3: Growth Drivers - AI and automotive electronics are identified as the two core growth drivers for Wentech Technology [4] - In the AI sector, revenue from AI data centers and server power supplies has rapidly increased, with AI server shipments growing by 30-40% year-on-year [4] - In automotive electronics, the company is expanding its product offerings to support the transition to 48V platforms, with new MOS products entering the supply chain of leading domestic new energy vehicle manufacturers [4] Group 4: Capacity and Orders - Wentech Technology has ensured sufficient production capacity, with its own factories operating at full capacity and third-party foundries also receiving ample orders [6] - The Shanghai Lingang 12-inch wafer factory, built by the major shareholder, is set to begin mass production of automotive-grade chips by the end of 2024, enhancing supply chain autonomy in the Chinese market [6] - The management has indicated a strong order situation, with expectations for revenue growth in the third quarter [6] Group 5: Valuation Potential - As of August 29, Wentech Technology's market capitalization stands at 54.1 billion yuan, with a year-to-date increase of approximately 12%, indicating significant valuation recovery potential compared to peers [7] - The company's focus on both current performance and future growth narratives, such as AI server power chips and automotive-grade SiC MOS production, supports its impressive profit growth and positions it favorably in the industry [7]

证券代码：600745 证券简称：闻泰科技 公告编号：临 2025-134 转债代码：110081 转债简称：闻泰转债 闻泰科技股份有限公司 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"）第十二届董事会第十八 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）2025 年 8 月 19 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。 （三）本次会议于 2025 年 8 月 29 日以通讯表决方式召开。 （四）本次董事会会议应当出席的董事 5 人，实际出席会议的董事 5 人（其 中：委托出席的董事 0 人，以通讯表决方式出席会议 5 人），0 人缺席会议。 （五）本次董事会由董事长杨沐女士主持，财务总监列席了本次会议。 二、董事会会议审议情况 （一）审议通过《公司 2025 年半年度报告及摘要的议案》 同意《2025 年半年度报告》及摘要。 本议案已经董事会审计委员会审议通过并同意提交公司董事会审议。 具体内容 ...

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2025-135 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 闻泰科技股份有限公司 2025年半年度募集资金存放与使用情况的专项报告 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。 根据中国证券监督管理委员会《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》、上海证券交易所《上海证券交易所上市公司自律监管 指引第 1 号——规范运作》及《闻泰科技股份有限公司募集资金管理制度》（以下 简称"《募集资金管理制度》"）等规定，闻泰科技股份有限公司（以下简称"公司"、 "上市公司"、"闻泰科技"）董事会编制了截至 2025 年 6 月 30 日止的募集资金存放 与使用情况的专项报告，具体如下： 一、募集资金基本情况 1 伙）、汇安基金管理有限责任公司、中信建投证券股份有限公司、国泰君安证券股 份有限公司共计十六位特定投资者发行人民币普通股 44,581,091.00 股，每股面值人 民 ...

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 | 2025-134 | | --- | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | | 闻泰科技股份有限公司 第十二届董事会第十八次会议决议公告 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"）第十二届董事会第十八 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）2025 年 8 月 19 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。 本议案已经董事会审计委员会审议通过并同意提交公司董事会审议。 具体内容请参阅公司于同日披露的《2025 年半年度报告》及摘要。 表决结果：5 票赞成，0 票反对，0 票弃权。 （二）审议通过《2025 年半年度募集资金存放与使用情况的专项报告》 同意《2025 年半年度募集资金存放与使用情况的专项报告》。 （三）本次会议于 2025 年 8 月 29 日 ...

闻泰科技8月29日披露半年报，公司上半年实现营业收入253.41亿元，同比下降24.56%；归属于上市公 司股东的净利润4.74亿元，同比增长237.36%；基本每股收益0.38元。 ...

闻泰科技股份有限公司2025 年半年度报告 公司代码：600745 公司简称：闻泰科技 转债代码：110081 转债简称：闻泰转债 闻泰科技股份有限公司 2025 年半年度报告 1 / 286 闻泰科技股份有限公司2025 年半年度报告 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人杨沐、主管会计工作负责人张彦茹及会计机构负责人（会计主管人员）张彦茹 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺，请投资者 注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 ...

Core Viewpoint - The communication equipment sector is experiencing strong performance, driven by the CPO concept, with significant gains in related ETFs [1][3]. Group 1: ETF Performance - The Communication ETF (515880) saw a half-day increase of 4.49%, with a trading volume of 1.165 billion yuan and a total size of 3.042 billion units [1][3]. - The Communication Equipment ETF (159583) recorded a half-day increase of 4.47%, with a trading volume of 139 million yuan and a total size of 237 million units [5][7]. - Other related ETFs also showed positive performance, with the 5G Communication ETF (515050) increasing by 3.82% [2][5]. Group 2: Index Composition - The CSI Communication Equipment Index, which the Communication ETF (515880) tracks, includes major 5G concept stocks and has shown strong historical performance [3][5]. - The CSI Communication Equipment Theme Index, tracked by the Communication Equipment ETF (159583), consists of 50 companies involved in communication equipment manufacturing and services [5][7]. - The major weight stocks in the CSI Communication Equipment Index include companies like NewEase (18.47%) and Zhongji Xuchuang (17.45%) [4][6]. Group 3: Investment Logic - The "5G + Industrial Internet" initiative highlights the importance of industrial 5G terminal devices, which facilitate high-speed, low-latency data transmission for factory operations [3]. - The communication equipment sector is expected to benefit from advancements in technology and increased demand for 5G infrastructure [3][5].