Core Viewpoint - Wentech Technology has made significant progress in the major asset sale to Luxshare Precision and its affiliates, marking a pivotal moment in the semiconductor and assembly sector for the year [2] Group 1: Asset Sale Progress - As of now, 100% equity of four companies including Kunming Zhitong, Shenzhen Wentech, Huangshi Zhitong, and Kunming Wenxin has been successfully transferred, along with the business asset package related to Wuxi Wentech and Wuxi Wenxin [2] - The asset transfer for the Indian Wentech package is nearing completion, while the equity transfer for Hong Kong Wentech and its subsidiary in Indonesia will occur swiftly after the non-trading asset divestiture [2] Group 2: Financial Implications - The total consideration for the transaction is estimated to be close to 5 billion yuan, which will allow Wentech to divest part of its communication product integration and assembly business [2] - Post-transaction, the company aims to concentrate resources on strengthening its semiconductor IDM (Integrated Device Manufacturing) core business, particularly in automotive-grade power semiconductors and advanced SiC/GaN process capacity expansion [2] Group 3: Future Growth and Market Position - After the completion of the asset sale, Wentech is expected to have ample cash to accelerate the expansion of its 12-inch automotive-grade SiC wafer factory in Shanghai and establish a module packaging center for European clients [3] - By 2026, the company's capacity for automotive-grade power semiconductors is projected to more than double, with the global market share anticipated to increase from the current 8% to 15% [3] - The asset sale is expected to significantly reduce Wentech's financial leverage and enhance the profitability visibility of its semiconductor business, with a projected increase of approximately 600 million yuan in net profit for 2025 [3]

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 | 2025-129 | | --- | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | | 闻泰科技股份有限公司 关于股东部分股权解除质押的公告 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: 截至本公告披露日，闻天下科技集团有限公司（以下简称"闻天下"）、张 学政先生及其一致行动人张秋红女士、张丹琳女士合计持有闻泰科技股份有 限公司（以下简称"公司"）股份 191,381,685 股，占公司总股本的 15.38%； 其中，无限售条件流通股 191,381,685 股，占公司总股本的 15.38%。本次部 分股权解除质押后，闻天下、张学政先生、张秋红女士、张丹琳女士累计质 押公司股份 73,700,000 股，占其合计持有公司股份总数的 38.51%，占公司总 股本的 5.92%。 公司收到相关股东通知，获悉其将所持有的部分公司股份办理了解除质押， 于 2025 年 8 月 8 日 ...

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 2025-130 | | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | 2025 年 6 月 9 日，公司召开 2025 年第二次临时股东大会，审议通过了《关 于公司本次交易符合重大资产重组条件的议案》等本次交易的相关议案，具体情 况详见公司于 2025 年 6 月 10 日披露的《2025 年第二次临时股东大会决议公告》 （公告编号：临 2025-100）。 2025 年 7 月 12 日，公司披露了《闻泰科技股份有限公司关于重大资产出售 的进展公告》（公告编号：临 2025-115）。 截至本公告披露日，本次交易标的资产的各项交割工作正在推进过程中，其 中昆明智通、深圳闻泰、黄石智通、昆明闻讯股权已经交割；无锡闻泰、无锡闻 讯相关业务资产包已经交割；印度闻泰资产包正在交割过程中；香港闻泰及其子 公司印尼闻泰的股权交割，拟在完成相关非交易范围资产的剥离工作后实施。 公司将根据后续进展情况，严格按照相关法律法规的要求履行相应程序及信 息披露义务。敬请广大投资者谨慎决策，注意投资风险。 闻泰科 ...

基本面上，业绩为王！细分方向迎"喜报潮"，电子板块情绪高涨！截至8月3日，中证有色金属指数覆盖的50家上市公司中，已有17家披露2025年中报业绩预 告，其中16家预告盈利，占比超九成；15家预告净利润同比正增长，6家预告净利润预计翻倍增长，士兰微归母净利最高同比预增1203%，闻泰科技归母净 利最高同比预增317%，暂居前二。 | 序号 | 证券代码 | 证券简称 | 预告净利润下限 | 预告净利润上限 | | 预告净利润同比增长下限 | 预告净利润同比增长上限 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | [报告期] 2025中报 | [报告期] 2025中报 | [报告期] 2025中报 | [报告期] 2025中报 | | | | | | [单位] 亿元 | [单位] 亿元 | [单位] % | [单位] %↓ | | | 1 | 600460.SH | 士兰微 | | 2.35 | 2.75 | 1.042.87 | 1.203.36 | | 2 | 600745.SH | 闻泰科技 | | 3.90 | 5.85 | 178 ...

证券代码：600745 证券简称：闻泰科技（维权） 公告编号：临2025-128 转债代码：110081 转债简称：闻泰转债 闻泰科技股份有限公司 关于股东部分股权解除质押的公告 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: ● 截至本公告披露日，闻天下科技集团有限公司（以下简称"闻天下"）及其一致行动人张学政先生、张 秋红女士、张丹琳女士合计持有闻泰科技股份有限公司（以下简称"公司"）股份191,381,685股，占公司 总股本的15.38%；其中，无限售条件流通股191,381,685股，占公司总股本的15.38%。本次部分股权解 除质押后，闻天下和张学政先生、张秋红女士、张丹琳女士累计质押公司股份86,500,000股，占其合计 持有公司股份总数的45.20%，占公司总股本的6.95%。 公司收到股东闻天下通知，获悉其将所持有的部分公司股份办理了解除质押，于2025年8月4日收到中国 证券登记结算有限责任公司解除证券质押登记通知。具体情况如下： 一、股份解除质押的情况 ■ 注：鉴于公司可转债处 ...

Core Viewpoint - Wentech Technology's stock price closed at 36.41 yuan on August 4, 2025, reflecting a decrease of 0.33% from the previous trading day, with a trading volume of 450 million yuan [1] Company Overview - Wentech Technology operates in the semiconductor, optical module, and consumer electronics sectors, positioning itself as one of the leading ODM manufacturers globally [1] - In the first quarter, the company reported revenue of 13.099 billion yuan and a net profit attributable to shareholders of 261 million yuan [1] Shareholder Activity - The shareholder Wentiantian recently lifted the pledge on 6.3 million shares, which accounts for 4.09% of its total holdings [1] - Currently, Wentiantian has a total of 69.5 million pledged shares, representing 45.15% of its ownership stake [1] Capital Flow - On August 4, the net outflow of main funds was 14.1883 million yuan, with a cumulative net outflow of 230 million yuan over the past five days [1]

| 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 | 2025-128 | | --- | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | | 闻泰科技股份有限公司 关于股东部分股权解除质押的公告 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: 截至本公告披露日，闻天下科技集团有限公司（以下简称"闻天下"）及其 一致行动人张学政先生、张秋红女士、张丹琳女士合计持有闻泰科技股份有 限公司（以下简称"公司"）股份 191,381,685 股，占公司总股本的 15.38%； 其中，无限售条件流通股 191,381,685 股，占公司总股本的 15.38%。本次部 分股权解除质押后，闻天下和张学政先生、张秋红女士、张丹琳女士累计质 押公司股份 86,500,000 股，占其合计持有公司股份总数的 45.20%，占公司总 股本的 6.95%。 1 | 持股比例（%） | 12.37 | | --- | --- | | 剩余被质押股份数量（股） ...

Investment Rating - The report maintains a "Positive" investment rating for the electronic industry in China [4] Core Viewpoints - The demand for AI computing facilities is expected to drive the growth of SiC/GaN power devices, opening up new growth opportunities in the industry [2][24] - The report emphasizes that the application potential of SiC/GaN in AI computing facility power supply systems has not been fully explored, and future demand is likely to continue increasing [7][24] Summary by Sections Investment Recommendations and Targets - AI server and data center demand is anticipated to create growth opportunities for SiC/GaN power devices. Key companies to watch include: - GaN industry leader Innoscience - Major power device manufacturers such as Wingtech Technology, China Resources Microelectronics, New Clean Energy, Star Semiconductor, and Tianyue Advanced - Wafer foundry company Chipone Integrated Circuits focusing on SiC power devices - Passive component companies like Farah Electronics and Jianghai Co., Ltd. - Companies in the third-generation semiconductor equipment market like Zhongwei Company [2][29] Industry Dynamics - The report highlights that AI computing facilities will increase the demand for SiC/GaN devices, particularly in high-voltage direct current (HVDC) and power module applications [7][8] - The transition from traditional power supply architectures to higher voltage systems (800V DC) is expected to enhance power transmission efficiency, thus driving the adoption of SiC/GaN devices [10][14] - The report notes that the penetration rate of SiC in global power semiconductors is projected to reach 4.9% by 2024, while GaN's penetration is at 0.5% in 2023, indicating room for growth [21][22] Company Insights - Innoscience is recognized as the global leader in the GaN industry, with a revenue of 830 million yuan in 2024, reflecting a year-on-year growth of 39.8% [30][34] - Wingtech Technology is focusing on semiconductor business growth, with a revenue of 58.4 billion yuan in 2024, and is strategically transforming to enhance its position in the power semiconductor industry [40][44] - China Resources Microelectronics is experiencing steady revenue growth, achieving 10.12 billion yuan in 2024, with a focus on enhancing its SiC/GaN product capabilities [50][51]

Group 1 - The Shanghai Composite Index decreased by 0.37%, while the Shanghai Smart Town Index fell by 0.11%, closing at 2418.75 points with a trading volume of 30.91 billion [1] - The Shanghai Smart Town Index has increased by 5.07% over the past month, 7.76% over the past three months, and 4.02% year-to-date [1] - The index series reflects the performance of listed companies influenced by changes in economic and consumption structures, focusing on themes such as intensive, intelligent, and green low-carbon development [1] Group 2 - The top ten weights in the Shanghai Smart Town Index are: Haier Smart Home (9.35%), Guodian NARI (9.17%), Tebian Electric (7.27%), Hengsheng Electronics (5.77%), Sichuan Changhong (3.86%), Yonyou Network (3.47%), Wingtech Technology (3.42%), Hongfa Technology (3.06%), YTO Express (2.91%), and China Software (2.86%) [1] - The index is composed entirely of companies listed on the Shanghai Stock Exchange, with a 100% market share [1] Group 3 - In terms of industry composition, the index sample shows that Information Technology accounts for 38.35%, Industry for 35.74%, Consumer Discretionary for 17.05%, Communication Services for 7.96%, and Utilities for 0.90% [2] - The index sample is adjusted biannually, with adjustments implemented on the next trading day following the second Friday of June and December [2] - Special circumstances may lead to temporary adjustments to the index, such as delisting of sample companies or corporate actions like mergers and acquisitions [2]

经济观察网闻泰科技（600745）股份有限公司董事会于8月1日发布公告，宣布第十二届董事会第十七次 会议决议。会议于7月31日以通讯表决方式召开，审议并通过了《关于选举公司董事长的议案》。根据 决议，董事会同意选举杨沐为公司第十二届董事会董事长，其任期与第十二届董事会一致。(编辑胡群) ...