豪威集成电路（集团）股份有限公司（以下简称"公司"）控股股东虞仁 荣先生持有公司股份 333,472,250 股，占公司目前总股本的 27.40%；本次解除质 押情况变动后，虞仁荣先生剩余累计质押股份为 160,570,000 股，占其持股比例 的 48.15%。 公司控股股东及其一致行动人绍兴市韦豪股权投资基金合伙企业（有限 合伙）（以下简称"绍兴韦豪"）、虞小荣先生共计持有公司股份 408,576,912 股， 占公司目前总股本的 33.57%；本次解除质押情况变动后，虞仁荣先生及其一致 行动人累计质押公司股份 217,466,000 股，占其持有公司股份总数的 53.23%，占 公司目前总股本的 17.87%。 一、本次股份解除质押的情况 | 证券代码：603501 | 证券简称：豪威集团 | 公告编号：2025-076 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 豪威集成电路（集团）股份有限公司 关于控股股东部分股权解除质押的公告 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 ...

Summary of Will Semi (OmniVision) Conference Call Company Overview - **Company Name**: Will Semi (re-branded to OmniVision) - **Stock Code**: 603501.SS Key Industry Insights - **Industry Focus**: Camera Integrated Circuits (CIS) for smartphones and automotive applications - **Market Trends**: Increasing adoption of cameras in vehicles and flagship smartphone launches in the second half of the year Core Financial Projections - **2Q25 Revenue Growth**: Expected to grow by +18% YoY to Rmb7.7 billion, continuing the growth trend from 1Q (+15% YoY) [1][3] - **Net Income Growth**: Projected net income growth of +33% YoY to Rmb1.1 billion in 2Q25 [1][3] - **Gross Margin**: Anticipated to be 30.6% in 2Q25, slightly down from 31.0% in 1Q25 due to lower contributions from smartphone CIS during slow seasons [3] Product Developments - **Smartphone CIS**: - New product OV50X with 50MPx sensor to start mass production in 3Q25, targeting flagship Android models [2] - Smartphone CIS expected to contribute 38% of revenues in 2024 [2] - **Automotive CIS**: - Expected to grow due to increased camera adoption in vehicles (from 3-4 cameras to 7-10 cameras per vehicle) [2] - Projected vehicle camera shipments in China to reach 126 million in 2025, growing at a +22% CAGR to 343 million by 2030 [2] Earnings Revisions - **2025-2027 Estimates**: Full-year estimates for revenue and net income remain unchanged, with adjustments made for quarterly seasonality [8] Valuation and Price Target - **12-Month Price Target**: Rmb175.3, based on a 31x 2026E P/E, which is within the company's historical trading range [13][15] - **Current Price**: Rmb125.71, indicating a potential upside of 39.4% [15] Risks to Consider - **Product Expansion**: Risks include slower new product expansion and product mix improvement in smartphone CIS [14] - **Market Demand**: Weaker-than-expected demand in the China smartphone market could impact growth [14] - **Trade Tensions**: Potential impacts from ongoing trade tensions may pose risks to operations [14] Conclusion - **Investment Recommendation**: Maintain Buy rating based on strong growth prospects in both smartphone and automotive CIS segments, supported by new product launches and market trends [1][2][15]

Core Viewpoint - The company, Haowei Group, has made significant moves in the capital market, including a name change and a listing application in Hong Kong, indicating its ambition to expand and potentially revalue the semiconductor sector in the Hong Kong market [1][8]. Group 1: Company Overview - Haowei Group, established in 2007, is one of the top ten Fabless semiconductor companies globally, with a market capitalization of 150 billion RMB [1]. - The company has diversified its product lines, including image sensor solutions, display solutions, and analog solutions, solidifying its leading position in the industry [1]. Group 2: Financial Performance - The company's revenue and profit have shown a significant upward trend from 2022 to 2024, with revenues of 20.04 billion RMB in 2022, 20.98 billion RMB in 2023, and projected 25.71 billion RMB in 2024 [2][4]. - In 2024, the net profit is expected to reach 3.279 billion RMB, marking a substantial increase from previous years [2][4]. - The image sensor solutions segment has become the primary revenue driver, accounting for 74.7% of total revenue in 2024, with a notable increase in revenue from high-end smartphone applications and automotive sectors [2][4]. Group 3: Market Position and Growth Drivers - The global CIS market is projected to grow from 17.9 billion USD in 2020 to 19.5 billion USD in 2024, with a compound annual growth rate (CAGR) of 2.2%, and expected to reach 29.5 billion USD by 2029, with a CAGR of 8.6% [5]. - Haowei Group's strategic shift towards CIS design after acquiring Beijing Haowei in 2019 has significantly contributed to its growth, with the semiconductor distribution business now only accounting for 15.3% of total revenue [3][4]. Group 4: Technological Advancements - The company has developed advanced technologies in various fields, including LED flicker suppression, global shutter technology, and low-light performance, enhancing its competitive edge in the CIS market [7][8]. - Haowei Group is also expanding its technological capabilities in emerging fields such as smart glasses, robotics, and industrial automation, positioning itself to meet the growing demand in these sectors [8].

Market Overview - The Shanghai Composite Index rose by 0.50% on July 18, with 22 out of the 28 sectors in the Shenwan classification experiencing gains. The top-performing sectors were non-ferrous metals and basic chemicals, with increases of 2.10% and 1.36% respectively. Conversely, the media and electronics sectors saw declines of 0.98% and 0.49% respectively [2] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 22.99 billion yuan throughout the day. However, 10 sectors saw net inflows, with the non-ferrous metals sector leading with a net inflow of 3.794 billion yuan, while the non-bank financial sector had a slight increase of 0.33% and a net inflow of 899 million yuan [2] - A total of 21 sectors experienced net outflows, with the electronics sector facing the largest outflow of 8.341 billion yuan, followed by the computer sector with a net outflow of 4.375 billion yuan. Other sectors with significant outflows included telecommunications, machinery, and automotive [2] Electronics Sector Performance - The electronics sector declined by 0.49% with a total of 465 stocks in the sector. Out of these, 156 stocks rose, including 2 that hit the daily limit, while 303 stocks fell. The net inflow of funds into the sector was recorded for 133 stocks, with 8 stocks seeing inflows exceeding 50 million yuan. The top stock for net inflow was Wente Technology, with an inflow of 188 million yuan, followed by Haowei Group and Youyan New Materials with inflows of 169 million yuan and 118 million yuan respectively [3] - The stocks with the largest net outflows included Shenghong Technology, Dongshan Precision, and Taijing Technology, with outflows of 1.087 billion yuan, 660 million yuan, and 262 million yuan respectively [3][5] Electronics Sector Fund Flow Rankings - The top stocks in the electronics sector by fund inflow included: - Wente Technology: +5.53%, 4.31% turnover, 187.78 million yuan inflow - Haowei Group: +2.63%, 2.14% turnover, 168.59 million yuan inflow - Youyan New Materials: +1.98%, 8.94% turnover, 118.04 million yuan inflow [4] - The stocks with the largest net outflows included: - Shenghong Technology: -4.59%, 6.34% turnover, -1.0865 billion yuan outflow - Dongshan Precision: -1.99%, 8.92% turnover, -660.15 million yuan outflow - Taijing Technology: +0.96%, 20.45% turnover, -262 million yuan outflow [5]

Core Points - The announcement details the suspension of the conversion of "Weir Convertible Bonds" due to the implementation of the 2024 annual equity distribution by Haowei Integrated Circuit (Group) Co., Ltd [1] - The company will distribute a cash dividend of 2.20 yuan (including tax) for every 10 shares, with a total expected cash dividend of approximately 263.99 million yuan (including tax) [1] - The suspension of the bond conversion will occur from July 25, 2025, until the equity registration date, with resumption on the first trading day after the registration [1] Group 1 - The company will announce the implementation of the equity distribution and the adjustment of the convertible bond conversion price on July 26, 2025 [1] - Holders of the convertible bonds can convert their bonds until July 24, 2025, to enjoy the equity distribution [1] - The equity distribution plan will be adjusted if there are changes in the company's total share capital before the distribution [1]

Core Viewpoint - The announcement details the share pledge situation of the controlling shareholder of Haowei Integrated Circuit (Group) Co., Ltd., indicating significant pledges and the financial implications for the company and its governance [1][2]. Group 1: Share Pledge Details - The controlling shareholder, Mr. Yu Renrong, holds 333,472,250 shares, accounting for 27.40% of the total share capital, with 218,008,400 shares pledged, representing 65.38% of his holdings [1]. - Together with his concerted actors, they hold 408,576,912 shares, which is 33.57% of the total share capital, with a total of 274,904,400 shares pledged, making up 67.28% of their holdings and 22.59% of the total share capital [1]. - The recent pledge involved 46,500,000 shares, while 23,800,000 shares were released from pledge, which is 7.14% of Mr. Yu's holdings and 1.96% of the total share capital [1]. Group 2: Financial Implications - The controlling shareholder and concerted actors have a financing balance of 3 billion yuan for shares maturing in the next six months, and 57,818,400 shares maturing in the next year, which is 14.15% of their holdings and 4.75% of the total share capital, with a corresponding financing balance of 2.6 billion yuan [2]. - The controlling shareholder has sufficient repayment capability, with funds sourced from operational income, dividends, investment returns, and self-raised funds [2]. - The current pledge situation will not lead to a change in actual control of the company and will not affect its main business operations, financing costs, or governance [2].

Core Viewpoint - The company has approved adjustments to the exercise prices of its stock options as part of its incentive plans, which will not materially affect its financial status or operational results [1][2]. Summary by Sections Stock Option Incentive Plan Approval and Implementation - The company granted a total of 7,716,850 stock options to 777 incentive recipients in the first phase of the 2023 stock option incentive plan, with an initial exercise price of 78.97 yuan per share [1]. - The exercise price was subsequently adjusted downwards through several meetings, reaching 78.41 yuan per share [1]. - In the second phase of the 2023 stock option incentive plan, 12,270,600 stock options were granted to 2,079 recipients, also starting at 78.97 yuan per share and adjusted to 78.41 yuan per share [1]. - For the 2025 stock option incentive plan, 3,361 recipients were granted stock options with an initial exercise price of 139.29 yuan per share, which was adjusted to 139.07 yuan per share [1]. Explanation of the Adjustment to Exercise Prices - The adjustments to the exercise prices are in accordance with the company's profit distribution plan, which includes a cash dividend of 2.20 yuan per 10 shares [1]. - The adjustment formula used is P = P0 - V, where P0 is the pre-adjustment exercise price, V is the cash dividend per share, and P is the post-adjustment exercise price [1]. Impact on Company Performance - The adjustments to the stock option exercise prices are not expected to have a substantial impact on the company's financial condition or operational results, and the management team will continue to fulfill their responsibilities diligently [1]. Legal Opinion - The adjustments have been deemed legal and valid by the legal counsel, confirming that all necessary approvals and procedures have been followed in accordance with relevant regulations [2].

| 证券代码：603501 | 证券简称：豪威集团 公告编号：2025-075 | | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | 豪威集成电路（集团）股份有限公司 关于实施 2024 年度权益分派时 "韦尔转债"停止转股的提示性公告 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。 重要内容提示： 如在公司实施权益分派前，公司总股本发生变动的，公司将维持每股分配金 额不变，相应调整分配总额。具体内容详见公司于 2025 年 4 月 16 日、2025 年 6 月 11 日在上海证券交易所网站（http://www.sse.com.cn）和公司指定信息披露媒体 披露的《关于 2024 年度利润分配预案的公告》（公告编号：2025-026）、《2024 年 年度股东大会决议公告》（公告编号：2025-057）。 本次权益分派方案实施后，公司将根据《上海韦尔半导体股份有限公司公开 发行可转换公司债券募集说明书》的发行条款及相关规定，对"韦尔转债"当期 转股价格进行调整。 二、本次权益分派方案实施时 ...

| 证券代码：603501 | 证券简称：豪威集团 | 公告编号：2025-074 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 豪威集成电路（集团）股份有限公司 关于调整股票期权行权价格的公告 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。 豪威集成电路（集团）股份有限公司（以下简称"公司"）于 2025 年 7 月 18 日召开第七届董事会第三次会议，审议通过了《关于调整股票期权行权价格的议 案》。现将相关事项说明如下： 一、股票期权激励计划批准及实施情况 （一）2023 年第一期股票期权激励计划的相关情况 1、2023 年 10 月 10 日，公司召开 2023 年第三次临时股东大会审议过了《关 于<2023 年第一期股票期权激励计划（草案）>及其摘要的议案》《关于制定<2023 年第一期股票期权激励计划实施考核管理办法>的议案》《关于提请股东大会授权 公司董事会办理股权激励计划有关事项的议案》等相关议案，公司已于 2023 年 12 月 4 日在中国证券登记结算 ...

北京市天元律师事务所 关于豪威集成电路（集团）股份有限公司股票期权激励计 划调整行权价格的法律意见 致：豪威集成电路（集团）股份有限公司 北京市天元律师事务所（以下简称"本所"）接受豪威集成电路（集团） 股份有限公司（以下简称"豪威集团"或"公司"）的委托，担任公司 2023 年第一期、第二期及 2025 年股票期权激励计划的专项法律顾问，为公司本次 调整股票期权行权价格有关事宜出具本法律意见。 为出具本法律意见，本所律师审阅了公司拟定的《豪威集成电路（集团） 股份有限公司 2023 年第一期股票期权激励计划（草案）》（以下简称"《2023 年第一期激励计划》"）、《豪威集成电路（集团）股份有限公司 2023 年第二期 股票期权激励计划（草案）》（以下简称"《2023 年第二期激励计划》"，与《2023 年第一期激励计划》合称"《2023 年激励计划》"）、《豪威集成电路（集团）股 份有限公司 2025 年股票期权激励计划（草案）》（以下简称"《2025 年激励计划》"， 与《2023 年激励计划》合称"《激励计划》"）、《豪威集成电路（集团）股份有 限公司第七届董事会第三次会议决议公告》以及本所律师认为需要 ...