Core Viewpoint - The China Semiconductor Industry Association expresses serious concern over the intervention of the Dutch government in the operations of its member company, Nexperia, and emphasizes the need for a fair and non-discriminatory business environment for Chinese enterprises abroad [1]. Group 1 - The association firmly supports its member companies in defending their legitimate rights and interests [1]. - It opposes the misuse of "national security" concepts to impose selective and discriminatory restrictions on Chinese enterprises' overseas branches [1]. - The association warns that discriminatory measures against specific companies will undermine the open, inclusive, and collaborative global semiconductor ecosystem [1]. Group 2 - The China Semiconductor Industry Association will continue to monitor the situation and actively listen to the voices of its members [1]. - It plans to express the common concerns of the Chinese industry to the international community through all legal channels [1].

2025.10.14 本文字数：2393，阅读时长大约4分钟 作者 |一财阿驴 09:32闻泰科技开盘跌停，成交额超1亿元。 09:21 港股开盘丨恒指高开0.31% 恒指高开0.31%，恒生科技指数涨0.56%。科网股集体反弹，华虹半导体涨近3%；贵金属继续逼空，赤 峰黄金、山东黄金均高开4%；英诺赛科跳空大涨近15%，公司正与英伟达合作，支持800 VDC电源架 构。 PS：家人们！ 睁大你们的双眼，握紧你们的手机！ | 37.65 -4.18 -9.99% | | | 闻泰科技(I) 立即 交易 600745 | | --- | --- | --- | --- | | SSE CNY 9:32:07 交易中 | | | 十八 人 問 題 溫度的模式版 | | 闻露.720(+1. CPR:27.06% | | | 详情 Wind ESG FA | | 委书100.00% 委章 1156299 | | | 今年 -2.91% 120日 17.91% | | 平 | 37.69 | 71 | 5日 -21.82% 250日 33.99% | | 李hd | 37.68 | 179 | 20日-11.37% ...

2025.10. 14 本文字数：2393，阅读时长大约4分钟 作者 | 一财 阿驴 09:32 闻泰科技开盘跌停，成交额超1亿元。 | 37.65 -4.18 -9.99% | | | 闻泰科技(1) 600745 交易 | 立即 | | --- | --- | --- | --- | --- | | SSE CNY 9:32:07 交易中 | | | 十八歲寺受限 通 融 四 中 | | | 闻稿.720(+1. CPR:27.06% | | | 详情 Wind ESG A | | | 委比100.00% 委差1156299 | | | 今年 -2.91% 120日 17.91% | | | | 37.69 | 71 | 5日 -21.82% 250日 33.99% | | | 卖四 | 37.68 | 179 | 20日 -11.37% 52周高 50.98 | | | 37.67 | | 194 | 60日 10.28% 52周低 26.62 | | | 2242 | 37.66 | | 2023 20242025H1 | | | 37.65 1153613 | | | EPS 0.95 -2.28 ...

Market Overview - The non-ferrous metal industry continues to rise, with rare earths, electrolytes, gold, and copper all opening higher [1][6] - The dairy industry, operating systems, and EDA concepts experienced slight declines [1][6] Stock Performance - WenTai Technology opened at a limit down, with a trading volume exceeding 1 billion CNY [1] - The Shanghai Composite Index rose by 0.55%, the Shenzhen Component Index increased by 1.04%, and the ChiNext Index gained 1.37% [4][5] Precious Metals - The precious metals sector saw initial gains, with Western Gold and Hunan Gold rising over 6%, and Hunan Silver, Xiaocheng Technology, and Zhongjin Gold increasing by over 5% [3] - Spot gold prices reached 4,140 USD per ounce, reflecting a daily increase of 0.76% [10][11] Central Bank Operations - The central bank announced a 910 billion CNY reverse repurchase operation at a fixed rate of 1.40%, with the same amount being bid and awarded [6]

闻泰科技开盘跌停，录得2连板，成交额超1亿元。 ...

荷兰政府表示，已对安世半导体实施行政指令，理由是担心安世可能向其中国母公司闻泰科技转让技术。（闻泰科技周一10%跌停）。荷兰经济事务部发言人表示，美国没有参与荷兰对安世半导体的决定，此事碰上中美贸易冲突升级的时间点"纯属巧合"。闻泰声明，正在积极与律师团队沟通法律救济方案及手段，同时主动对接政府相关部门，争取支持。 ...

Group 1: Trade Relations and Policies - The Chinese Ministry of Commerce responded to the U.S. announcement of a 100% tariff increase, labeling it as a typical "double standard" and emphasizing that China does not wish to engage in a trade war but is not afraid to do so if necessary [2] - Recent measures by China to tighten export controls on rare earths are seen as a retaliatory action against the U.S., indicating a potential escalation in trade tensions [2][3] - The uncertainty in U.S.-China trade policies is affecting global multinational companies, leading to diminished business confidence [3] Group 2: Trade Data and Economic Indicators - In September, China's exports grew by 8.3% year-on-year, reaching a six-month high, while imports increased by 7.4%, the highest in 17 months, indicating resilience in trade performance [4] - The total value of China's goods trade in the first three quarters reached 33.61 trillion yuan, a year-on-year increase of 4%, with exports maintaining growth for eight consecutive quarters [4] - Despite the positive trade data, challenges remain, including the impact of U.S. tariffs on re-exported goods and a shift towards processing trade, which may continue to pressure China's export outlook [5] Group 3: Real Estate Market Trends - Major cities like Beijing, Shanghai, and Shenzhen have seen an increase in real estate transaction volumes, with September data showing significant growth in both new and second-hand housing sales [6] - The overall real estate market remains under pressure, with limited recovery in supply-demand dynamics, indicating a buyer's market [7] Group 4: Corporate Developments - The Dutch government has imposed restrictions on China's Wingtech Technology's subsidiary, Anshi Semiconductor, leading to asset freezes and management changes, highlighting the political risks faced by Chinese companies abroad [8] - Vanke's chairman, Xin Jie, resigned for personal reasons, raising concerns about the company's stability amid liquidity challenges [9][10] Group 5: Aviation and Tourism Industry - Post-holiday, air ticket prices have significantly dropped, with some routes seeing reductions of up to 80%, reflecting a decrease in travel demand following the peak holiday season [13][14] - The entire tourism industry is facing profitability challenges, with airlines struggling to maintain margins as ticket prices align with or fall below high-speed rail costs [14] Group 6: Market Performance - On October 13, the stock market experienced fluctuations, with the Shanghai Composite Index closing down 0.19%, amid ongoing trade tensions between the U.S. and China [15][16] - The market's response to trade policy changes indicates a reduction in panic compared to previous instances, although overall trading volume has decreased, reflecting a cautious investor sentiment [15][16]

Core Viewpoint - The Dutch government announced on October 12 that it has made a "very special" decision to intervene in the operations of Nexperia, a semiconductor company owned by China's Wingtech Technology, due to potential risks to "economic security in the Netherlands and Europe" [1] Group 1 - The Dutch Ministry of Economic Affairs issued an administrative directive on September 30, restricting Nexperia and its affiliated entities' operational decisions and effectively stripping Chinese shareholders of normal control [1] - The intervention is perceived as a significant disturbance to a Chinese-controlled chip company under the guise of "national security" concerns [1]

Core Viewpoint - The announcement from Wentai Technology regarding the operational freeze of its core semiconductor asset, Nexperia, by the Dutch government has raised significant concerns in the capital market and semiconductor industry, leading to a 10% drop in the company's stock price [2][4]. Group 1: Company Response - Wentai Technology firmly opposes the Dutch government's intervention, claiming it politicizes commercial issues and is based on unfounded "national security" concerns, which contradicts the principles of market economy and fair competition advocated by the EU [2][3]. - The company has initiated legal and diplomatic actions to demand the immediate withdrawal of the Dutch government's directive, cessation of systemic discrimination against Chinese enterprises, and the maintenance of an open and cooperative global semiconductor industry [3]. Group 2: Financial Impact - Nexperia is a crucial profit pillar for Wentai Technology, with projected revenues of 14.715 billion yuan in 2024 and a gross margin of 37.52%. The first half of 2025 is expected to see revenues of 7.825 billion yuan, reflecting an 11.23% year-on-year growth [4]. - The unexpected situation surrounding Nexperia poses a significant threat to Wentai Technology's financial recovery, which reported a net loss of 2.833 billion yuan for 2024, although it achieved a net profit of 474 million yuan in the first half of 2025 [5]. Group 3: Operational Challenges - The company acknowledges that while Nexperia's daily operations continue, the Dutch government's directive and court rulings may lead to extended decision-making processes and reduced resource allocation flexibility, potentially impacting operational efficiency [6][7]. - Wentai Technology is actively engaging with international law firms for legal remedies and maintaining close communication with key suppliers and customers to stabilize its production and sales systems [7]. Group 4: Industry Context - The asset freeze and control dispute over Nexperia highlight the complexities of international competition in the semiconductor industry, especially amid the accelerated restructuring of the global semiconductor supply chain and increasing policy and legal uncertainties regarding cross-border technology and capital flows [6].

这事儿远不止一家公司的恩怨。在全球化退潮的当下，西方对中国科技企业的打压正从"明抢"（制裁清单）升级到"暗夺"（操控股权）。闻泰的遭遇给 所有出海中企敲响警钟：技术买得来，话语权守得住吗？当商业规则沦为政治工具，连百年老店恩智浦拆分的优质资产都能被政治操弄，我们还能相信 什么？ 闻泰的反击：声明直接开撕，痛批这是"基于地缘偏见的过度干预"，揭穿外籍高管诉求和政府指令的联动本质——说白了就是借政治压力抢夺合法股 权。但现实很骨感：安世日常经营虽没停，决策权却被卡住脖子，短期阵痛难免。 谁能想到，闻泰科技花200多亿买下的安世半导体，如今被荷兰政府和外籍高管组团"截胡"？一边是荷兰以"国家安全"为由冻结资产，一边是外籍高管要 求闻泰交出控股权，这出戏码比商战片还刺激。更魔幻的是，他们要的不仅是管理权，甚至想直接掀翻中国股东的桌子——这哪是商业纠纷，根本就是 赤裸裸的地缘政治打压！ 荷兰政府这波操作，简直是"黄鼠狼给鸡拜年——没安好心"！ 荷兰政府"莫须有"禁令：9月30日突然下令，安世全球30个主体一年内不准动资产、专利和人员，理由冠冕堂皇叫"供应链安全"，实则连正常经营都给掐 住。10月7日更狠，直接把中国派去 ...