Group 1 - The company approved the use of temporarily idle raised funds for cash management, with a maximum amount not exceeding 1,150 million RMB [1] - The investment will be in high-security and high-liquidity products, with a maximum investment period of 12 months [1] - The company will strictly comply with the relevant regulations of the Shanghai Stock Exchange regarding the management of raised funds [1] Group 2 - As of the date of the announcement, the balance of idle raised funds used for cash management is reported [2] - Specific details regarding the cash management products and their performance are provided, including the actual returns and maturity dates [2]

无锡新洁能股份有限公司 关于闲置募集资金现金管理赎回的公告 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。 无锡新洁能股份有限公司（以下简称"公司"）于 2024 年 8 月 12 日召开第四 届董事会第十七次会议和第四届监事会第十五次会议审议通过了《关于使用暂时 闲置的募集资金进行现金管理的议案》，同意公司在确保不影响募集资金项目开 展和使用计划的前提下，使用最高额度不超过 115,000 万元人民币的暂时闲置的 非公开发行募集资金进行现金管理，投资于安全性高、流动性好的投资产品，本 次公司使用非公开发行闲置募集资金购买投资产品的投资期限不超过 12 个月， 在前述期限内可由公司滚动使用，并于到期后归还至募集资金专户。公司使用闲 置募集资金进行现金管理将严格遵守上海证券交易所关于上市公司募集资金管 理的相关规定。 证券代码：605111 证券简称：新洁能 公告编号：2025-034 1 履约银行 产品名称 金额 （万 元） 产品 类型 产品 起息 日 产品 到期 日 实际 赎回 日 实际 年化 收益 率（%） 实际收 益（万 ...

Core Viewpoint - The legal opinion letter confirms that Wuxi New Clean Energy Co., Ltd.'s differentiated dividend distribution plan for 2024 complies with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders [7]. Group 1: Differentiated Dividend Distribution - The company plans to implement a differentiated dividend distribution due to the repurchase of shares, which will not participate in profit distribution [3][4]. - The proposed cash dividend is set at 0.0651 yuan per share (tax included), with a total distribution amounting to approximately 26.97 million yuan (tax included) based on the actual participating shares [4][5]. - The total number of shares participating in the profit distribution is 414,278,987 shares after excluding the repurchased shares [4]. Group 2: Legal Compliance and Verification - The law firm has conducted thorough verification and confirmed that the facts presented in the legal opinion are true, accurate, and complete, adhering to the principles of diligence and good faith [2]. - The legal opinion is based solely on current Chinese laws and does not cover any non-legal matters such as accounting or financial issues [3]. - The differentiated dividend distribution plan has been deemed compliant with the Company Law, Securities Law, and relevant self-regulatory guidelines [7]. Group 3: Impact on Stock Price - The differentiated dividend distribution's impact on the ex-dividend reference price is minimal, calculated to be less than 1% [6]. - The ex-dividend reference price is determined using a specific formula that accounts for the cash dividend and changes in circulating shares [5][6]. - The absolute value of the impact on the ex-dividend reference price is approximately 0%, indicating a negligible effect on the stock price [6].

Core Points - The company plans to distribute a cash dividend of 0.0651 CNY per share (including tax) to its shareholders [1][2] - The record date for the A-share dividend is set for June 12, 2025, with the ex-dividend date and payment date both on June 13, 2025 [1][2] - The total share capital of the company is 415,332,567 shares, with a total cash dividend payout of 26,969,562.05 CNY (including tax) [1][2] Dividend Distribution Plan - The company will not issue bonus shares or increase capital through reserves this year [2] - The cash dividend distribution will remain unchanged even if the total share capital changes between the announcement date and the record date [2] - The calculation for the ex-dividend reference price is based on the formula provided, with no change in circulating shares, resulting in a circulating share change ratio of 0 [2] Taxation on Dividends - Individual shareholders holding shares for over one year will not be subject to personal income tax on dividend income [4][5] - For shares held for less than one year, the company will not withhold personal income tax at the time of distribution, but will calculate the tax owed when the shares are sold [4][5] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied to their dividends, resulting in a net cash dividend of 0.05859 CNY per share [5][6] Contact Information - For inquiries regarding the dividend distribution, shareholders can contact the company's board secretary office at 0510-85618058-8101 [6]

江 苏 世 纪 同 仁 律 师 事 务 所 关 于 无 锡 新 洁 能 股 份 有 限 公 司 差 异 化 分 红 事 项 之 专 项 法 律 意 见 书 南 京 市 建 邺 区 贤 坤 路 江 岛 智 立 方 C 座 4 层 邮 编 ： 2 1 0 0 1 9 电 话 ： + 8 6 2 5 - 8 6 6 3 3 1 0 8 传 真 ： + 8 6 2 5 - 8 3 3 2 9 3 3 5 1 江苏世纪同仁律师事务所 关于无锡新洁能股份有限公司 差异化分红事项 之法律意见书 致：无锡新洁能股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上海证券交易所上市公司自律 监管指引第 7 号——回购股份》（以下简称"《自律监管指引第 7 号》"）等有 关法律、法规和规范性文件以及《无锡新洁能股份有限公司章程》（以下简称"《公 司章程》"）的规定，本所接受无锡新洁能股份有限公司（以下简称"公司"） 的委托，就无锡新洁能股份有限公司 2024 年度利润分配所涉及的差异化分红（以 下简称"本次差异化分红"）相关事项出具本法律意见书。 本所及经 ...

无锡新洁能股份有限公司 证券代码：605111 证券简称：新洁能 公告编号：2025-033 重要内容提示： 每股分配比例 A 股每股现金红利0.0651元（含税） 2024年年度权益分派实施公告 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。 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/12 | － | 2025/6/13 | 2025/6/13 | 差异化分红送转：是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经无锡新洁能股份有限公司（简称"公司"）2025 年 5 月 15 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股 东（公司回购专用证券账户除外）。 3. 差异化分红 ...

证券代码：605111 证券简称：新洁能 公告编号：2025-032 无锡新洁能股份有限公司 关于闲置募集资金现金管理赎回的公告 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。 无锡新洁能股份有限公司（以下简称"公司"）于 2024 年 8 月 12 日召开第四 届董事会第十七次会议和第四届监事会第十五次会议审议通过了《关于使用暂时 闲置的募集资金进行现金管理的议案》，同意公司在确保不影响募集资金项目开 展和使用计划的前提下，使用最高额度不超过 115,000 万元人民币的暂时闲置的 非公开发行募集资金进行现金管理，投资于安全性高、流动性好的投资产品，本 次公司使用非公开发行闲置募集资金购买投资产品的投资期限不超过 12 个月， 在前述期限内可由公司滚动使用，并于到期后归还至募集资金专户。公司使用闲 置募集资金进行现金管理将严格遵守上海证券交易所关于上市公司募集资金管 理的相关规定。 具体内容详见公司在上海证券交易所网站（www.sse.com.cn）披露的《关于 使用暂时闲置的募集资金进行现金管理的公告》（公告编号：2024 ...

Investment Rating - The report maintains a Neutral rating on Starpower, indicating a cautious outlook on its near-term operations due to pricing pressure and competition [2][16]. Core Insights - The demand for power semiconductors is recovering, with NCE Power's management expressing optimism about sales growth in 2025, driven by improving inventory and foundry utilization rates [4][7]. - NCE Power is expanding into higher-end applications, particularly in the automotive sector, focusing on 800V and 48V EV platforms, as well as emerging markets like drones, eVTOL, and AI computing [8] Summary by Sections Demand Outlook - NCE Power sees a positive demand recovery outlook for power semiconductors this year, with increasing demand from most end markets [1][4]. - Management reports that inventory levels are improving and foundries are nearing full capacity utilization [4][7]. Competitive Landscape - Despite the recovery in demand, NCE Power faces significant competition from both domestic and international peers, along with tariff uncertainties that could impact future demand [1][7]. Strategic Expansion - To mitigate competitive risks, NCE Power is focusing on expanding into broader and higher-end applications, particularly in automotive electronics and AI computing [1][8]. - The company aims to accelerate product adoption in the automotive sector and explore growth potential in industrial control applications [8].

Investment Rating - The report does not provide a specific investment rating for NCE Power (605111.SS) as it is categorized as "Not Covered" [1]. Core Insights - NCE Power anticipates a recovery in demand for power semiconductors, driven by improving inventory levels and foundries' utilization rates, with management expressing optimism for sales growth in 2025 [4][6]. - The company is facing significant competition from both domestic and international peers, alongside tariff uncertainties that may impact future demand [6][7]. - NCE Power is focusing on expanding into higher-end applications, particularly in the automotive sector with 800V and 48V EV platforms, as well as emerging markets such as drones, eVTOL, and AI computing [7]. Summary by Sections Demand Recovery - Management reports a recovering trend in power semiconductors since last year, with inventory improvements and foundries nearing full capacity [4]. - The overall outlook for power semiconductors is positive, with expectations for increased sales growth in 2025 [4]. Competitive Landscape - There is ongoing competition among domestic and overseas peers, which poses challenges for NCE Power [6]. - Tariff risks are also highlighted as a source of uncertainty for future demand [6]. Strategic Expansion - NCE Power is expanding its product offerings into broader and higher-end applications, with a strong focus on automotive electronics [7]. - The company aims to accelerate product adoption in 800V and 48V EV platforms, while also exploring growth in industrial control applications such as drones and robotics [7].

Investment Rating - The industry investment rating is "Outperform" (maintained) [2] Core Insights - The profitability of the power semiconductor industry is steadily improving, with the automotive sector and data centers being the main growth drivers. The domestic production of medium and low voltage devices for automobiles is continuously advancing [4][7] - The penetration of SiC MOSFETs in new energy vehicles is increasing, with a notable rise in the market share of domestic suppliers in the IGBT module sector [38][39] - The overall industry is entering a stable phase, with demand from consumption and industrial control maintaining steady growth, while the new energy vehicle market continues to expand [6][21] Summary by Sections Power Semiconductor Performance - The industry is experiencing a recovery in profitability as revenues improve, with automotive and data center applications being the primary growth areas [4] - The sales volume of new energy vehicles in March reached 1.24 million units, a year-on-year increase of 40.1%, with a penetration rate of 42.4% [32][34] New Energy Vehicles - The market share of new energy vehicles with a peak power of over 200kW has increased from 9% in 2022 to 25% in the first quarter of 2025 [35] - The penetration rate of SiC MOSFETs in new energy vehicles reached 18.9% in the first quarter of 2025, indicating a shift towards higher power modules [38] Charging Infrastructure - The number of charging stations in March 2025 increased by 634,000 units, with public charging stations showing a year-on-year decrease of 18.35% [5] Market Dynamics - The competition among leading companies in the IGBT module market is stabilizing, with domestic suppliers gaining market share as overseas competitors decline [38][39] - The industry is expected to continue its growth trend in 2024, driven by the demand for automotive power devices and the ongoing transition to electric vehicles [6][21]