Investment Rating - The report maintains an "Outperform" rating for the electronic industry, indicating expected performance above the market index by more than 10% [1][35]. Core Viewpoints - The electronic industry is expected to continue its strong performance driven by the resonance of computing power and edge-side innovations, with a notable rebound in the consumer electronics supply chain linked to AI innovations [1]. - The demand for servers is projected to grow, particularly in enterprise-level storage, with a forecasted increase in eSSD contract prices by 5% to 10% in the third quarter [2]. - AI infrastructure development remains a high-growth investment theme, with significant advancements in AI server systems, such as the GB300 NVL72 from CoreWeave, which shows up to 10 times faster user response and 5 times higher throughput per watt compared to previous generations [3]. - The lifting of export restrictions on EDA software by the US BIS for major companies like Siemens, Synopsys, and Cadence does not alter the long-term trend towards domestic semiconductor industry self-sufficiency [4]. - The IPO applications of two domestic GPU companies signal a positive outlook for the development of the entire AI industry chain in China [5]. Summary by Sections Market Performance - The Shanghai Composite Index rose by 1.40%, while the electronic sector increased by 0.74%, with components rising by 6.82% and semiconductors declining by 1.18% over the past week [10]. Key Companies and Recommendations - The report recommends several companies for investment, including Industrial Fulian, Huadian Technology, Jianghai Technology, and Xiaomi Group, among others, based on their potential in the current market environment [1][9]. Company Earnings Forecasts and Investment Ratings - Semiconductor companies like SMIC and Aojie Technology are rated as "Outperform," with projected earnings per share (EPS) for 2025 estimated at 0.52 and -0.98 respectively, indicating a strong outlook despite current challenges [9].

Core Viewpoint - The internal audit system of Aojie Technology Co., Ltd. is established to enhance internal supervision and risk control, ensuring compliance with national laws and regulations, and protecting the legitimate rights and interests of all shareholders, including minority investors [1][2]. Group 1: Internal Audit Structure - The company has an Audit Committee under the Board of Directors to guide and supervise the establishment and implementation of the internal audit system [2][3]. - The Audit Department operates independently under the Audit Committee, responsible for supervising business activities, risk management, internal controls, and financial information [2][3]. - The Audit Department must maintain independence and not be under the leadership of the finance department [2][3]. Group 2: Responsibilities of the Audit Committee - The Audit Committee is responsible for guiding and supervising the internal audit system, reviewing annual internal audit plans, and ensuring the implementation of these plans [3][4]. - The Committee must report on the progress and quality of internal audit work, including any significant issues discovered [3][4]. Group 3: Responsibilities of the Audit Department - The Audit Department evaluates the completeness and effectiveness of internal control systems across the company and its subsidiaries [4][5]. - It is required to report at least quarterly to the Audit Committee on the execution of the internal audit plan and any issues found [4][5]. - The Department must submit annual and semi-annual internal audit reports to the Audit Committee [4][5]. Group 4: Audit Procedures - The Audit Department must prepare an annual audit work plan, which requires approval from the Audit Committee before implementation [10][11]. - Auditors are required to notify the audited units about the scope, content, and requirements of the audit prior to commencement [10][11]. - After completing the audit, the audit team must compile a report detailing the audit findings, evaluations, and recommendations [10][11]. Group 5: Information Disclosure - The company is responsible for organizing the implementation of internal control evaluations, which must be reported to the Board of Directors [12][13]. - The internal control evaluation report must include a declaration of authenticity from the Board, an overview of the evaluation process, and any identified deficiencies [12][13]. Group 6: Rewards and Penalties - Auditors who act fairly and contribute significantly should be recognized or rewarded [14]. - Individuals obstructing auditors or retaliating against whistleblowers will face necessary disciplinary actions [14].

General Principles - The information disclosure management system of the company aims to ensure the truthful, accurate, and complete disclosure of information, protecting the rights of shareholders, creditors, and other stakeholders [1][2] - Information disclosure is defined as the public announcement of matters that may significantly impact the company's stock trading price or investment decisions, in accordance with legal and regulatory requirements [1][2] Basic Principles of Information Disclosure - The company must disclose information truthfully, accurately, completely, and timely, avoiding false records, misleading statements, or significant omissions [2][3] - The disclosure should reflect the principles of openness, fairness, and equal treatment of all shareholders, ensuring that all investors have equal access to information [2][3] Content of Information Disclosure - The company is required to disclose both periodic reports (annual, semi-annual, and quarterly) and temporary reports for significant events that may impact stock trading [4][5] - Significant events include changes in company name, stock abbreviation, registered capital, and other major operational changes [5][6] Responsibilities for Information Disclosure - The board of directors is responsible for leading and managing the company's information disclosure activities [7][8] - The company secretary is tasked with organizing and coordinating information disclosure, ensuring compliance with regulations and timely reporting [8][9] Procedures for Information Disclosure - The company must follow specific procedures for disclosing periodic and temporary reports, including timely preparation and board approval [13][14] - Any errors or misleading information in previously disclosed information must be corrected promptly through supplementary announcements [15][16] Confidentiality and Insider Information Management - Individuals with access to undisclosed information must maintain confidentiality and are prohibited from trading the company's stock based on insider information [25][26] - The company must maintain a record of all individuals who have access to insider information and ensure compliance with confidentiality obligations [22][23] Penalties for Non-compliance - The company may impose penalties on directors and senior management for negligence leading to disclosure violations, including warnings or termination [17][18] - Violations of disclosure regulations may result in public reprimands or penalties from regulatory authorities, prompting a review of the disclosure management system [17][18]

Core Viewpoint - The document outlines the management system for shareholding changes of directors and senior management at Aojie Technology Co., Ltd, ensuring compliance with relevant laws and regulations while maintaining transparency and fairness in information disclosure [1][2][3]. Group 1: General Provisions - The management system is established to regulate the shareholding of directors and senior management, ensuring adherence to the Company Law and Securities Law [1]. - The system applies to all shares held by directors and senior management, including those held through others' accounts and margin trading [1]. Group 2: Shareholding Change Rules and Information Reporting - Directors and senior management must report their shareholding changes within two trading days of the occurrence and disclose relevant details such as the number of shares before and after the change [3][4]. - The company is responsible for confirming shareholding information and ensuring accurate reporting to the Shanghai Stock Exchange [4]. Group 3: Transfer Restrictions - Shares held by directors and senior management cannot be transferred within one year of the company's stock listing or within six months after leaving their position [4][5]. - The maximum transferable shares per year during their tenure and within six months after are limited to 25% of their total holdings, with exceptions for certain circumstances [5]. Group 4: Prohibited Trading Situations - Directors and senior management are prohibited from trading shares during specific periods, such as 15 days before annual or semi-annual reports and five days before quarterly reports [6][7]. - Violations of trading regulations may result in the company recovering profits from illegal trades and disclosing the situation publicly [6].

Core Viewpoint - The company has established a fundraising management system to enhance the efficiency of fund usage, ensure compliance with laws and regulations, and protect investors' rights [1][2]. Fundraising Management Principles - Funds raised must be used specifically for the intended purposes as outlined in the fundraising application documents and approved by the board and shareholders [2][3]. - The company must adhere to national industrial policies and sustainable development principles, primarily investing in core business areas that enhance competitiveness and innovation [2][3]. - The board is responsible for thoroughly evaluating the feasibility of investment projects to ensure they have good market prospects and profitability [2][3]. Fund Storage and Usage - Funds must be stored in a dedicated account approved by the board, and cannot be used for non-designated purposes [4][5]. - A tripartite supervision agreement must be signed with the financial advisor and the bank where the funds are stored [4][5]. - Any changes in the use of funds must be disclosed promptly, especially if the investment plan is significantly affected [6][12]. Fund Usage Restrictions - The company is prohibited from using raised funds for financial investments or providing funds to controlling shareholders or related parties [14][15]. - All expenditures must follow the company's internal approval processes, and any pre-investment with self-raised funds must be replaced by raised funds within six months [17][18]. Oversight and Reporting - The company must provide accurate and complete disclosures regarding the actual use of funds, and the board must regularly review the management and usage of funds [18][19]. - Independent financial advisors are required to conduct ongoing supervision and report any irregularities [19][20]. - Annual audits must be conducted by accounting firms to verify the management and usage of funds [20][21]. Changes in Fund Usage - Any changes in the intended use of funds must be approved by the board and disclosed to shareholders [30][31]. - New projects funded by the raised capital must align with the company's main business and undergo careful feasibility analysis [32][33].

翱捷科技股份有限公司 内部审计制度 翱捷科技股份有限公司 内部审计机构在监督检查过程中，应当接受审计委员会的监督指导。内部审 计机构发现公司重大问题或线索，应当立即向审计委员会直接报告。 内部审计制度 第一章 总则 第一条 为加强翱捷科技股份有限公司（以下简称"本公司"或"公司"）内部 监督和风险控制，保障公司财务管理、会计核算和生产经营符合国家各项法律法 规要求，维护包括中小投资者的所有股东的合法权益，根据《中华人民共和国公 司法》《中华人民共和国证券法》《中华人民共和国审计法》《上海证券交易所 科创板上市公司自律监管指引第 1 号——规范运作》及《翱捷科技股份有限公司 章程》（以下简称《公司章程》）等规定，结合本公司的实际情况，制定本制度。 第六条 审计部应当保持独立性，不得置于财务部门的领导之下，或者与财 第二条 内部审计是指由公司内部审计机构或人员，对其内部控制和风险管 理的有效性、财务信息的真实性和完整性以及经营活动的效率和效果等开展的一 种评价活动。 第三条 本制度适用于本公司各独立核算或虽不独立核算但有经营目标、负 经济责任等实施经营行为的内部机构、控股子公司以及具有重大影响的参股公司。 第二章 ...

翱捷科技股份有限公司 信息披露管理制度 翱捷科技股份有限公司 信息披露管理制度 第一章 总则 第一条 为规范翱捷科技股份有限公司（以下简称"公司"）的信息披露行 为，保证公司真实、准确、完整地披露信息，保护公司、股东、债权人及其他利 益相关人的合法权益，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上海证券交易所科创板股票上市规则》（以下简称《科创板上市规则》）、《上 市公司信息披露管理办法》等法律、行政法规、部门规章及其他有关规定，结合 《翱捷科技股份有限公司章程》（以下简称《公司章程》）及公司实际情况，制 定本制度。 第二条 本制度所称信息披露是指将法律、法规、证券监管部门规定要求披 露的已经或可能对公司股票交易价格产生较大影响或对投资决策有较大影响的 事项，在规定时间内、在规定的媒体上、按规定的程序、以规定的方式向社会公 众公布，并按规定程序送达证券监管部门和上海证券交易所。 本制度所称信息披露义务人，是指公司及其董事、高级管理人员、股东、实 际控制人，收购人，重大资产重组、再融资、重大交易有关各方等自然人、单位 及其相关人员，破产管理人及其成员，以及法律、行政法规和中国证监会规定的 其他承担 ...

翱捷科技股份有限公司 募集资金管理制度 翱捷科技股份有限公司 募集资金管理制度 第一章 总 则 第一条 为加强和规范翱捷科技股份有限公司（以下简称"公司"或"本公司"） 募集资金的使用与管理，提高募集资金使用效益，切实保护投资者的合法权益， 依据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司募集资金监 管规则》《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公 司自律监管指引第 1 号——规范运作》等法律、法规及规范性文件的要求，以及 《翱捷科技股份有限公司章程》的规定，特制订本制度。 第二条 本制度所称"募集资金"是指公司通过发行股票或者其他具有股权 性质的证券，向投资者募集并用于特定用途的资金，但不包括公司实施股权激励 计划募集的资金。 第三条 募集资金应按照发行申请文件中承诺的募集资金投资计划和股东 会、董事会决议及审批程序使用。公司应当按要求披露募集资金的使用情况、使 用效果以及募集资金重点投向科技创新领域的具体安排。 公司募集资金应当专款专用。公司使用募集资金应当符合国家产业政策和相 关法律法规，践行可持续发展理念，履行社会责任，原则上应当用于主营业务， 有利于增强公司竞争 ...

翱捷科技股份有限公司 董事、高级管理人员持股变动管理制度 第一章 总则 第一条 为规范翱捷科技股份有限公司（以下简称"公司"）董事和高级管理 人员所持本公司股份的管理，维护信息披露、公开、公平、公正原则，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》"）《上市公司董事和高级管理人员所持本公司股份及其变 动管理规则》《上海证券交易所科创板股票上市规则》《上海证券交易所科创板 上市公司自律监管指引第1号——规范运作》《上海证券交易所上市公司自律监 管指引第8号——股份变动管理》《上海证券交易所上市公司自律监管指引第15 号——股东及董事、高级管理人员减持股份》等法律、行政法规、部门规章及 规范性文件的相关规定以及《翱捷科技股份有限公司章程》（以下简称"公司章 程"）有关规定，特制定本制度。 第二条 本制度适用于公司董事和高级管理人员所持本公司股份及其变动的 管理。 第三条 董事和高级管理人员所持股份，是指登记在其名下和利用他人账 户持有的所有本公司股份。董事和高级管理人员从事融资融券交易的，还包括 记载在其信用账户内的本公司股份。 第四条 董事和高级管理人 ...

关于修订及制定公司部分治理制度的公告 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、准确性和完整性依法承担法律责任。 翱捷科技股份有限公司（以下简称"公司"）于 2025 年 6 月 27 日召开了第二 届董事会第十五次会议，审议通过了《关于修订及制定公司部分治理制度的议案》， 该议案无需提交股东大会审议，现将有关情况公告如下： 证券代码：688220 证券简称：翱捷科技 公告编号：2025-030 翱捷科技股份有限公司 为进一步促进公司规范运作，维护公司及股东的合法权益，建立健全内部管 理机制，根据《上市公司独立董事管理办法》《上海证券交易所科创板股票上市 规则》《上海证券交易所科创板上市公司自律监管指引第1号——规范运作》等 有关法律法规及规范性文件的最新规定，结合《公司章程》及公司实际情况，公 司修订及制定了部分治理制度，并对以下4项制度进行披露： | 序号 | 制度名称 | 变更情况 | | --- | --- | --- | | 1 | 《内部审计制度》 | 修订 | | 2 | 《信息披露管理制度》 | 修订 | | 3 | 《董事、高级管理 ...