| 证券代码：603501 | 证券简称：韦尔股份 公告编号：2025-048 | | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | 上海韦尔半导体股份有限公司 关于筹划发行H股股票并在香港联合交易所有限公司上市 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。 2025年5月23日，上海韦尔半导体股份有限公司（以下简称"公司"）召开 了第六届董事会第四十六次会议、第六届监事会第三十五次会议，审议通过 《关于公司发行H股股票并在香港联合交易所有限公司主板上市的议案》《关 于公司发行H股股票并在香港联合交易所有限公司主板上市方案的议案》等相 关议案，现将有关情况公告如下： 为加快公司的国际化战略及海外业务发展，增强公司的境外融资能力，进 一步提高公司的综合竞争力，根据公司总体发展战略及运营需要，公司拟发行 境外上市股份（H股）并在香港联合交易所有限公司（以下简称"香港联交 所"）主板上市（以下简称"本次发行"）。公司将充分考虑现有股东的利益 和境内外资本市场的情况，在股东大会决议有效 ...

| 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2025-049 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 上海韦尔半导体股份有限公司 关于修订 H 股发行上市后适用的《公司章程》及 相关内部治理制度的公告 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。 2025 年 5 月 23 日，上海韦尔半导体股份有限公司（以下简称"公司"）召 开了第六届董事会第四十六次会议，审议通过《关于修订于 H 股发行上市后生 效的<公司章程>及相关议事规则的议案》《关于修订于 H 股发行上市后生效的公 司内部治理制度的议案》，现将具体情况公告如下： 一、《公司章程》的修订情况 基于公司拟在境外发行股份（H 股）并在香港联合交易所有限公司主板上市 的需要，根据《中华人民共和国公司法》《境内企业境外发行证券和上市管理试 行办法》等境内法律、法规、规范性文件及《香港联合交易所有限公司证券上市 规则》等香港法律、法规对在境内注册成立的发行人在香港发行股票并上市的要 求，结合 ...

| 证券代码：603501 | 证券简称：韦尔股份 公告编号：2025-052 | | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | 上海韦尔半导体股份有限公司 第六届监事会第三十五次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 上海韦尔半导体股份有限公司（以下简称"公司"）第六届监事会第三十 五次会议于2025年5月23日以现场结合通讯方式召开，会议通知已于2025年5月 18日通过通讯方式送达各位监事。本次会议由监事会主席韩杰先生主持，会议 应到监事3人，实到监事3人。本次会议的召集和召开符合《公司法》等有关法 律、行政法规、部门规章、规范性文件和《公司章程》的有关规定，会议形成 的决议合法、有效。 二、监事会会议审议情况 （一）审议通过《关于公司发行 H 股股票并在香港联合交易所有限公司主 板上市的议案》 为加快公司的国际化战略及海外业务发展，增强公司的境外融资能力，进 一步提高公司的综合竞争力，根据公司总体发展战略及运营需要，公司拟发行 境外上市 ...

| 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2025-051 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 上海韦尔半导体股份有限公司 第六届董事会第四十六次会议决议公告 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 上海韦尔半导体股份有限公司（以下简称"公司"）第六届董事会第四十六 次会议于2025年5月23日以现场结合通讯方式召开，会议于2025年5月18日以通 讯方式向全体董事进行了通知。会议应出席董事9名，实际出席董事9名。本次 会议由公司董事长虞仁荣先生主持，公司监事和高级管理人员列席了本次会议。 本次会议的召集和召开符合《公司法》等有关法律、行政法规、部门规章、规 范性文件和《公司章程》的相关规定，会议形成的决议合法、有效。 二、董事会会议审议情况 （一）审议通过《关于公司发行 H 股股票并在香港联合交易所有限公司主 板上市的议案》 为加快公司的国际化战略及海外业务发展，增强公司的境外融资能力，进 一步提高公司 ...

Core Viewpoint - The company has approved a proposal to issue H-shares and list on the Hong Kong Stock Exchange, aiming to accelerate its international strategy and enhance overseas business development [1] Group 1: Company Strategy - The company plans to strengthen its overseas financing capabilities and improve its overall competitiveness through the issuance of H-shares [1] - The proposal is part of a broader strategy to expand internationally and develop its overseas operations [1] Group 2: Regulatory and Approval Process - The issuance plan requires approval from the shareholders' meeting and must obtain necessary filings and approvals from relevant government and regulatory bodies [1] - Specific details of the issuance are not yet finalized, indicating significant uncertainty surrounding the process [1] Group 3: Information Disclosure - The company commits to timely information disclosure based on the progress of the issuance [1]

Group 1: Consumer Electronics Sector - The CSI Consumer Electronics Theme Index (931494) decreased by 0.13% as of May 22, 2025, with mixed performance among constituent stocks [1] - Leading gainers included Xunwei Communication (300136) up 3.30%, Wenta Technology (600745) up 2.63%, and Silan Microelectronics (600460) up 2.33% [1] - The Consumer Electronics ETF (561600) also fell by 0.13%, with a latest price of 0.78 yuan, but showed a 1.42% increase over the past month [1] - The ETF's trading volume was 287.16 million yuan with a turnover rate of 1.49% [1] - Over the past two weeks, the ETF's scale increased by 16.72 million yuan, ranking it in the top 1/5 among comparable funds [1] - The ETF's share count rose by 26 million shares in the same period, also placing it in the top 1/5 among comparable funds [1] - Recent capital inflow was balanced, with a total of 22.05 million yuan attracted over the last 10 trading days [1] Group 2: Artificial Intelligence Sector - The CSI Artificial Intelligence Theme Index (930713) declined by 0.06% as of May 22, 2025, with varied performance among its constituent stocks [2] - Top performers included Kunlun Wanwei (300418) up 7.89%, New Yisheng (300502) up 1.87%, and Shitou Technology (688169) up 1.82% [2] - The AI ETF (512930) decreased by 0.15%, with a latest price of 1.31 yuan, but recorded a 2.26% increase over the past month [2] - The ETF's trading volume was 28.19 million yuan with a turnover rate of 1.44% [3] - The latest scale of the AI ETF reached 1.95 billion yuan [3] - Recent net capital inflow was 1.31 million yuan, with a total of 32.98 million yuan attracted over the last five trading days [3] - Leveraged funds are actively participating, with the latest margin buying amounting to 4.44 million yuan and a margin balance of 90.18 million yuan [3] Group 3: Online Consumption Sector - The CSI Hong Kong-Shanghai Online Consumption Theme Index (931481) fell by 0.79% as of May 22, 2025, with mixed results among its constituent stocks [4] - Leading gainers included High Xin Retail (06808) up 10.24%, Kunlun Wanwei (300418) up 6.48%, and Youzu Network (002174) up 4.86% [4] - The Online Consumption ETF (159793) decreased by 0.78%, with a latest price of 0.89 yuan, but showed a 3.46% increase over the past month [4] - The index comprises 50 companies involved in online shopping, digital entertainment, online education, and telemedicine [13] - The top ten weighted stocks in the index account for 56.94% of the total weight, with Alibaba-W (09988) having the highest weight at 14.37% [13]

Group 1: Company Insights - Northern Huachuang (002371 CH, Buy, Target Price: 512 RMB) is expected to see a 25% year-on-year increase in new orders in 2024, driven by strong demand for integrated circuit equipment, with this momentum continuing into Q1 2025 [2] - Baidu (BIDU US, Buy, Target Price: 144.6 USD) reported Q1 2025 core business revenue of 25.5 billion RMB, exceeding Bloomberg consensus by 10%, primarily due to strong cloud business performance [2][6] - Weibo (WB US, Buy, Target Price: 14.5 USD) reported Q1 2025 revenue of 397 million USD, flat year-on-year, but non-GAAP net profit grew 12% to 120 million USD, exceeding expectations by 26% [6] - Palo Alto Networks (PANW US, Buy, Target Price: 229.7 USD) achieved Q3 FY25 revenue growth of 15.3% to 2.3 billion USD, with non-GAAP net profit rising 23% to 560.9 million USD [6] - ZTO Express (ZTO US / 2057 HK, Buy, Target Price: 22.2 USD / 174 HKD) reported Q1 2025 core net profit growth of 5% to 1.96 billion RMB, supported by government subsidies [6][8] - XPeng Motors (XPEV US / 9868 HK, Buy, Target Price: 28 USD / 110 HKD) exceeded Q1 2025 revenue expectations, driven by improved gross margins and government subsidies [6][8] Group 2: Market Performance - The Hang Seng Index closed at 23,828, up 0.62% for the day and 39.77% year-to-date [3] - The Hang Seng Tech Index closed at 5,342, up 0.51% for the day and 41.92% year-to-date [3] - The Shanghai Composite Index closed at 3,388, up 0.21% for the day and 13.87% year-to-date [3] - The US Dow Jones closed at 41,860, down 1.91% for the day but up 11.07% year-to-date [3] - The S&P 500 closed at 5,845, down 1.61% for the day and up 22.53% year-to-date [3] Group 3: Sector Analysis - The Hong Kong stock market saw gains in materials, healthcare, and energy sectors, while defensive sectors like consumer staples and utilities lagged [5] - In the US market, real estate and healthcare sectors faced the largest declines, while consumer staples and materials outperformed [5] - The report indicates that the period from May to July is a critical window for US-China trade negotiations, with expectations of potential fiscal stimulus and consumption-boosting measures from China [5]

Group 1 - The core viewpoint of the news highlights the performance and growth of the digital economy theme index and its related ETF, indicating a positive trend in the digital economy sector [1][2] - The digital economy ETF has seen a significant increase in scale, with a growth of 11.17 million yuan in the past month, ranking it in the top half among comparable funds [1] - The ETF's share has also increased by 2 million shares in the past week, reflecting strong investor interest and positioning within the market [1] Group 2 - The top ten weighted stocks in the digital economy theme index account for 51.5% of the index, with notable companies such as Dongfang Wealth, SMIC, and Hikvision leading the list [3][5] - The performance of individual stocks within the index varies, with some stocks like Weir Shares and Lanke Technology showing positive growth, while others like Dongfang Wealth and Hikvision have experienced slight declines [5] - The digital economy theme index is designed to reflect the overall performance of companies involved in digital economy infrastructure and high digitalization applications [2]

Group 1 - The Shanghai Composite Index increased by 0.21%, while the CSI Shanghai Technology Leading Index reported a value of 1547.52 points [1] - The CSI Shanghai Technology Leading Index has risen by 3.22% in the past month, decreased by 6.91% over the last three months, and increased by 5.45% year-to-date [2] - The index consists of 50 listed companies in Shanghai with strong profitability, growth potential, and high R&D investment, reflecting the overall performance of the technology sector in the region [2] Group 2 - The top ten weighted companies in the CSI Shanghai Technology Leading Index include WuXi AppTec (10.44%), SMIC (9.61%), and Will Semiconductor (7.75%) [2] - The index's holdings are primarily from the Shanghai Stock Exchange (77.27%) and the Shenzhen Stock Exchange (22.73%) [2] - The industry composition of the index shows that Information Technology accounts for 48.25%, Healthcare for 26.04%, Communication Services for 14.06%, Industry for 10.46%, and Materials for 1.19% [2] Group 3 - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - If a sample company ranks in the top two by total market capitalization within its industry, it is prioritized for retention during adjustments [3] - The weight factors are adjusted in line with the sample adjustments, and special circumstances may lead to temporary adjustments [3]

Core Insights - The 2025 Global Investor Conference held in Shenzhen focused on "New Quality Productivity: Investment Opportunities in China - Open Innovation in the Shenzhen Market" [1] - Niu Junling, a partner at Yuanhe Puhua Fund, discussed the trends and changes in China's semiconductor industry, highlighting the impact of AI on revenue growth in integrated circuits [1] - The semiconductor industry in China has made significant advancements, with many segments transitioning from domestic substitution to intense competition, leading to mergers and innovations [2] Investment Strategy - Yuanhe Puhua's investment strategy is evolving, focusing on hard technology and original innovation, shifting from a "spindle-shaped" to a "dumbbell-shaped" investment model [4] - The firm is concentrating on minority equity investments in areas like semiconductor equipment, materials, and EDA/IP, as well as mergers and acquisitions to strengthen domestic leading enterprises [4][5] - The focus on mergers includes helping traditional companies transform and develop new growth avenues through acquiring hard technology assets [5] AI Impact on Semiconductor Industry - AI technology is enhancing semiconductor design by automating repetitive tasks, allowing developers to focus on more valuable work [5] - In manufacturing, AI is improving production intelligence and defect detection, significantly increasing efficiency and accuracy [5]