浙江省杭州市上城区钱江路 1366 号华润大厦 A 座 3001 邮编：310017 电话：(86-571)89926500 传真：(86-571)89926501 北京竞天公诚（杭州）律师事务所 致：杰华特微电子股份有限公司 关于杰华特微电子股份有限公司 北京竞天公诚（杭州）律师事务所（以下简称"本所"）接受杰华特微电子 股份有限公司（以下简称"公司"）委托，指派本所律师对公司 2025 年第四次 临时股东大会（以下简称"本次会议"）的合法性进行见证并出具法律意见书。 2025 年第四次临时股东大会的法律意见书 （二）《议事规则》； （三）公司第二届董事会第十四次会议决议、第十五次会议决议，公司第二 届监事会第十二次会议决议、第十三次会议决议； （四）公司于 2025 年 9 月 2 日公告的《杰华特微电子股份有限公司关于召 开 2025 年第四次临时股东大会的通知》； 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《证券法》、中国证券监督管理委员会（以下简称"证监会"）《上市公司股东 会规则》（以下简称"《股东会规则》"）等现行有效的法律、法规、规范性文 件以及《杰华特微电子股份有 ...

证券代码：688141 证券简称：杰华特 公告编号：2025-058 杰华特微电子股份有限公司 2025年第四次临时股东大会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 9 月 17 日 （二） 股东大会召开的地点：浙江省杭州市西湖区华星路 99 号 9 楼西 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 140 | | --- | --- | | 普通股股东人数 | 140 | | 2、出席会议的股东所持有的表决权数量 | 210,196,491 | | 普通股股东所持有表决权数量 | 210,196,491 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 47.0364 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 47.0364 | （四） ...

Group 1 - On September 17, a block trade of 51,000 shares of Jiahua was executed, with a transaction amount of 2.142 million yuan, accounting for 0.19% of the total transaction volume for the day [1] - The transaction price was 42 yuan, representing a discount of 16.13% compared to the market closing price of 50.08 yuan [1]

9月16日，杰华特盘中上涨2.04%，截至09:46，报53.06元/股，成交2.53亿元，换手率1.84%，总市值 237.11亿元。 资金流向方面，主力资金净流出998.24万元，特大单买入5352.35万元，占比21.12%，卖出4794.16万 元，占比18.92%；大单买入5944.53万元，占比23.46%，卖出7500.96万元，占比29.60%。 截至6月30日，杰华特股东户数1.10万，较上期减少9.16%；人均流通股23997股，较上期增加10.08%。 2025年1月-6月，杰华特实现营业收入11.87亿元，同比增长58.20%；归母净利润-2.95亿元，同比增长 12.44%。 机构持仓方面，截止2025年6月30日，杰华特十大流通股东中，银河创新混合A（519674）位居第二大 流通股东，持股1100.00万股，为新进股东。嘉实上证科创板芯片ETF（588200）位居第三大流通股东， 持股636.77万股，为新进股东。国投瑞银新能源混合A（007689）位居第四大流通股东，持股535.85万 股，相比上期增加154.23万股。富国新兴产业股票A/B（001048）位居第六大流通股东， ...

中信证券股份有限公司 关于杰华特微电子股份有限公司 2025 年半年度持续督导跟踪报告 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为杰华特 微电子股份有限公司（以下简称"杰华特"或"公司"或"上市公司"）首次公 开发行股票并在科创板上市的保荐人，根据《证券发行上市保荐业务管理办法》、 《上海证券交易所科创板股票上市规则》等相关规定，中信证券履行持续督导职 责，并出具本持续督导半年度跟踪报告。 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 3、本持续督导期间，保荐人通过与公司的日常沟通、现场回访等方式开展 持续督导工作，并于 2025 年 9 月 3 日现场查看了公司经营和募投项目实施情况。 4、本持续督导期间，保荐人根据相关法规和规范性文件的要求履行持续督 导职责，具体内容包括： （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； （2）查阅公司财务管理、会计核算和内部审计等内部控制制度； （3）查阅公司关联交易的往来 ...

Investment Rating - The report recommends a positive investment outlook for companies involved in the simulation IC industry, particularly those benefiting from the domestic substitution trend [3][4]. Core Insights - The Ministry of Commerce has initiated anti-dumping investigations against imported simulation chips from the United States, indicating a strong governmental push for domestic alternatives in the simulation IC sector [1][2]. - The report highlights that U.S. manufacturers have long held significant market shares in the simulation chip market in China, with major companies like TI and ADI generating substantial revenues from this market [2]. - The domestic simulation companies are poised to benefit from the ongoing trend of domestic substitution, especially in the context of increased competition and declining prices from U.S. firms [2]. Summary by Sections Section 1: Industry Overview - The anti-dumping investigation targets simulation chips, particularly those using 40nm and above process technologies, which include various interface and gate driver chips [1]. - The investigation period for dumping is set from January 1, 2024, to December 31, 2024, while the period for industry damage assessment spans from January 1, 2022, to December 31, 2024 [1]. Section 2: Market Dynamics - U.S. companies, including TI and ADI, accounted for over $5 billion in revenue from the Chinese market in 2024, indicating a significant opportunity for domestic manufacturers to capture market share [2]. - The report notes a 37% increase in the import volume of relevant chips from the U.S. and a 52% decrease in import prices from 2022 to 2024, which has severely impacted the profit margins of domestic companies [2]. Section 3: Investment Recommendations - The report suggests focusing on companies that have a high proportion of general interface and gate driver chips, which have been under pressure from U.S. competition, as they are likely to be the primary beneficiaries of the domestic substitution trend [3]. - Specific companies recommended for investment include SiRuPu, NaXinWei, ShengBang, NanXin Technology, AiWei Electronics, JieHuaTe, JingFengMingYuan, and MeiXinSheng [3][4].

| 证券代码 | 证券简称 | 研发投入(亿元) | 研发投入占营收比(%) | | --- | --- | --- | --- | | 300661. SZ | 圣邦股份 | 5.07 | 27. 88% | | 688052. SH | 纳芯微 | 3. 61 | 23. 71% | | 688798. SH | 艾为电子 | 2. 62 | 19. 20% | | 600171. SH | 上海贝岭 | 2. 01 | | | 688141. SH | 杰华特 | 4.2 | 35. 45% | | 688536. SH | 思瑞浦 | 2. 68 | 28. 29% | 今年以来，伴随模拟芯片行业的整体复苏，信号链芯片产业在巩固原有市场的同时，将汽车电子等视作新的增长引擎，向着高 端市场发起新的冲锋。随着半年报的披露，集微网以营收"10亿"为标准，就部分企业运营情况作探讨：上半年，信号链头部上 市公司几乎均实现营收、净利双增长，并不断扩充产品品类，释放积极的发展趋势。 | 证券代码 | 证券简称 | 营业收入(亿元) | 同比变化(%) | | --- | --- | --- | --- | | 30 ...

Core Viewpoint - The analog chip industry is entering an upward cycle, with expected global market growth of 3.3% in 2025 and 5.1% in 2026, reaching $82.2 billion and $86.4 billion respectively. The long-term growth is driven by AI applications such as data centers, autonomous driving, and humanoid robots, indicating significant potential for domestic companies [3][7][12]. Industry Overview - The global analog chip market has a CAGR of 4.77% from 2004 to 2024, with a projected market size of $79.6 billion in 2024, which is a 2.0% decrease from the previous year. The market is expected to recover in 2025 and 2026 [3][12]. - The Chinese analog chip market is projected to reach ¥195.3 billion in 2024, with a CAGR of 11% from 2025 to 2029. The market is driven by sectors such as industrial, automotive, and AI [18][21]. Key Applications and Growth Areas - Key growth areas for analog chips include industrial applications, AI, and automotive sectors. The industrial sector is expected to see a recovery in procurement and new product introductions, while the automotive sector is experiencing a shift towards electrification and intelligence [7][21][37]. - AI applications are expected to significantly increase the demand for analog chips, particularly in power management and signal processing [31][34]. Domestic Market Potential - China accounts for approximately 35% of the global analog chip market, making it a crucial revenue source for international manufacturers. However, the domestic self-sufficiency rate remains low, indicating substantial room for growth [7][34]. - Major international players like TI and ADI derive significant revenue from China, with TI's revenue from China estimated at $3 billion in 2024, while ADI's is around $2.1 billion [34][35]. Competitive Landscape - The competitive landscape is characterized by a mix of established international firms and emerging domestic players. The industry is seeing increased competition as domestic companies aim to capture market share in high-end applications [51][52]. - The growth model for analog chip companies often involves a combination of product diversification and customer base expansion, with established firms leveraging extensive product lines and customer relationships to drive revenue [23][28]. Investment Strategy - The report recommends investing in companies with high-end and platform capabilities, as these firms are better positioned to capitalize on the growth opportunities in the analog chip market [5][8].

Core Viewpoint - The analog chip industry is in an upward cycle, with domestic companies expected to enter a phase of scale expansion for new products in the coming years [1][2] Industry Overview - The global analog chip market is projected to grow at a CAGR of 4.77% from 2004 to 2024, with expected growth rates of 3.3% and 5.1% in 2025 and 2026, reaching market sizes of $82.2 billion and $86.4 billion respectively [1] - Major domestic companies recommended include: Shengbang Co. (300661.SZ), Jiewate (688141.SH), Sirepu (688536.SH), Naxinwei (688052.SH), Nanxin Technology (688484.SH), Aiwei Electronics (688798.SH), Chipengwei (688508.SH), Diaowei (688381.SH), and Jingfeng Mingyuan (688368.SH) [1] Domestic Market Potential - In 2024, China is expected to account for approximately 35% of the global analog chip market, representing a significant revenue source for international manufacturers [2] - Major international companies like TI, ADI, and MPS are projected to generate revenues of approximately $30 million, $21 million, and $12 million from China in 2024, respectively [2] Key Application Areas - **Industrial Sector**: After inventory depletion, normal procurement and new product introduction are expected to resume, with domestic companies' new products likely to achieve scale [2] - **AI Sector**: The AI industry is driving overall demand for analog chips, with a focus on domestic production of core power management chips [2] - **Automotive Sector**: The electrification and intelligence of vehicles provide growth opportunities for domestic analog chip companies, with the market for automotive analog chips still in its early stages [3] - **Consumer Electronics**: Companies are increasingly diversifying their product offerings to provide comprehensive solutions for applications like mobile devices, leading to a more pronounced "Matthew Effect" [3]

Group 1 - The core viewpoint is that the 科创100ETF fund has shown significant growth, with a 3.63% increase and a total scale of 57.64 billion, making it the largest in its category [1][2] - Semiconductor stocks are experiencing a strong performance, driven by Oracle's announcement of a 359% year-on-year increase in unmet performance obligations, reaching 455 billion [1] - The ongoing global AI computing power competition is expected to drive demand in the semiconductor and consumer electronics sectors, with a focus on innovation and recovery in demand [1] Group 2 - The 科创100ETF fund closely tracks the 上证科创板100 index, which selects 100 securities from the Sci-Tech Innovation Board based on market capitalization and liquidity [2] - As of August 29, 2025, the top ten weighted stocks in the 上证科创板100 index account for 23.82% of the index, including companies like 东芯股份 and 华虹公司 [2]