证券代码：688261 证券简称：东微半导 公告编号：2025-046 2、公司于 2025 年 9 月 30 日召开第二届董事会第十六次会议，审议通过了 《关于增加 2025 年度日常关联交易预计额度的议案》，同意增加 2025 年度日 常关联交易额度 3,000.00 万元。出席会议的董事一致表决同意该议案，审议程 序符合《中华人民共和国公司法》《中华人民共和国证券法》等法律法规以及 《苏州东微半导体股份有限公司章程》（以下简称《公司章程》）的有关规定。 苏州东微半导体股份有限公司 关于增加 2025 年度日常关联交易预计额度的公告 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。 重要内容提示： ● 是否需要提交股东会审议：否 ● 本次新增预计的关联交易为公司日常关联交易，遵循公平公允的市场原 则和交易条件，不存在损害公司利益和中小股东利益的情形，不会对关联方形 成较大依赖，不会影响公司独立性。 一、 日常关联交易基本情况 （一）日常关联交易履行的审议程序 1、苏州东微半导体股份有限公司（以下简称"公司"）于 2024 ...

证券代码：688261 证券简称：东微半导 公告编号：2025-047 苏州东微半导体股份有限公司 关于部分募投项目结项并将节余募集资金永久补充流动资 金的公告 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。 苏州东微半导体股份有限公司（以下简称"公司"）于 2025 年 9 月 30 日召 开了第二届董事会第十六次会议和第二届董事会审计委员会第十一次会议，分别 审议通过了《关于部分募投项目结项并将节余募集资金永久补充流动资金的议 案》，同意公司募集资金投资项目（以下简称"募投项目"）"研发工程中心建设 项目"结项，并将节余募集资金永久补充流动资金。保荐机构中国国际金融股份 有限公司（以下简称"保荐机构"）对上述事项出具了明确同意的核查意见，本 议案无需提交股东会审议。 一、 募集资金基本情况 根据中国证券监督管理委员会《关于同意苏州东微半导体股份有限公司首次 公开发行股票注册的批复》（证监许可〔2021〕4040 号），同意公司首次公开发 行股票的注册申请。并经上海证券交易所同意，公司首次向社会公众公开发行人 民币普通股 ...

Group 1 - The company Dongwei Semiconductor announced the completion of the registration for the first category of restricted stock incentive plan for 2025 [1] - The registration date for the first category of restricted stock was September 18, 2025 [1] - The total number of shares registered under the first category of restricted stock is 456,327 shares [1]

证券代码：688261 证券简称：东微半导 公告编号：2025-045 苏州东微半导体股份有限公司 关于 2025 年限制性股票激励计划第一类限制性股票 1、授予日：2025 年 8 月 4 日； 授予结果公告 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。 重要内容提示： ● 第一类限制性股票登记日：2025 年 9 月 18 日 ● 第一类限制性股票登记数量：456,327 股 根据中国证券监督管理委员会《上市公司股权激励管理办法》、上海证券交 易所、中国证券登记结算有限责任公司上海分公司有关业务规则的规定，苏州东 微半导体股份有限公司（以下简称"公司"或"本公司"）已于近日完成了公司 2025 年限制性股票激励计划（以下简称"本激励计划"）第一类限制性股票的授 予登记工作，现将有关情况说明如下： 一、第一类限制性股票授予情况 （一）本激励计划第一类限制性股票授予情况 公司根据 2025 年第一次临时股东会的授权，于 2025 年 8 月 4 日召开了第二 届董事会第十三次会议，审议通过了《关于调整 2025 年限制性 ...

Group 1 - The core point of the news is the decline in the stock price of Dongwei Semiconductor, which fell by 5.19% to 79.25 CNY per share, with a trading volume of 329 million CNY and a turnover rate of 3.29%, resulting in a total market capitalization of 9.711 billion CNY [1] - Dongwei Semiconductor, established on September 12, 2008, and listed on February 10, 2022, is a technology-driven semiconductor company based in Suzhou, Jiangsu Province, focusing on the research and sales of high-performance power devices [1] - The company's main business revenue composition includes power semiconductor products at 95.24%, wafers at 4.72%, and others at 0.04% [1] Group 2 - From the perspective of fund holdings, only one fund under HSBC Jintrust has a significant position in Dongwei Semiconductor, specifically the HSBC Jintrust Innovation Pioneer Stock Fund (011077), which held 86,000 shares, accounting for 4.92% of the fund's net value, ranking as the eighth largest holding [2] - The HSBC Jintrust Innovation Pioneer Stock Fund was established on March 16, 2021, with a latest scale of 72.0885 million CNY, achieving a year-to-date return of 28.32% and a one-year return of 75.76% [2] - The fund manager, Zhou Zongzhou, has been in position for 2 years and 131 days, with the fund's total asset scale at 268 million CNY, achieving a best return of 52.04% and a worst return of 0.37% during his tenure [3]

Investment Rating - The report assigns an "Accumulate" rating to Dongwei Semiconductor (688261) [4][7]. Core Insights - The company reported a revenue of 616 million yuan in the first half of 2025, representing a year-on-year growth of 46.79%, with a net profit attributable to the parent company of 27.58 million yuan, up 62.80% year-on-year [1][2]. Revenue Breakdown - The revenue from the super junction MOSFET products reached 469 million yuan, a growth of 40.36% year-on-year. The medium and low voltage shielded gate MOSFET products generated 118 million yuan, growing by 62.14%. TGBT products achieved 20.67 million yuan, up 88.62% year-on-year. Super silicon MOSFET products contributed 1.69 million yuan, with an 18.15% increase. SiC devices (including Si2CMOSFET) generated 0.35 million yuan, a growth of 5.24% [2][3]. Market Growth Areas - The industrial communication power supply sector, including data center computing server power supplies, accounted for approximately 39% of total revenue, growing about 74% year-on-year. The automotive charger sector represented about 22% of revenue, with over 90% growth. The photovoltaic inverter sector contributed over 7% of revenue, growing approximately 98%, while the revenue from DC charging piles for new energy vehicles also accounted for about 7%, increasing by 45% [3]. Financial Forecast - The projected revenues for 2025, 2026, and 2027 are 1.34 billion yuan, 1.73 billion yuan, and 2.16 billion yuan, respectively. The net profits attributable to the parent company are expected to be 120 million yuan, 190 million yuan, and 300 million yuan for the same years [4][6]. Valuation Metrics - The report provides earnings per share (EPS) estimates of 0.96 yuan, 1.53 yuan, and 2.42 yuan for 2025, 2026, and 2027, respectively. The price-to-earnings (P/E) ratios are projected to be 85.16, 53.52, and 33.94 for the same years [6][11].

Investment Rating - The report maintains an "Outperform" rating for the industry [2] Core Insights - The power semiconductor industry is experiencing a recovery in performance, with automotive and data center sectors showing clear growth trends [4] - The overall profit levels in the industry have reached a new high in the past eight quarters, driven by demand recovery and stabilization of prices [14] Summary by Sections Power Semiconductor Performance Review - The industry has seen revenue growth in Q2 2025, with traditional applications like industrial control and consumer electronics remaining stable. The automotive sector continues to be the main growth area, while server power demand is increasing the fastest [7] - The market share of domestic manufacturers is steadily increasing, particularly in the mid-to-low voltage power devices [14] New Energy Vehicles (NEVs) - In July 2025, the sales of NEVs reached 1.26 million units, a year-on-year increase of 27.4%, with a penetration rate of 48.7% [30] - The share of main drive power modules for NEVs with power above 200kW has increased from 9% in 2022 to 25% in the first seven months of 2025 [33] Market Trends and Projections - The penetration rate of SiC MOSFETs in NEVs reached 18% in the first seven months of 2025, with 800V models showing a penetration rate of 76% [5] - The report suggests that the industry is entering a phase of improvement, with overall profits at a new high and market share continuing to grow [6] Investment Recommendations - The report recommends focusing on companies such as Yangjie Technology, New Clean Energy, Huazhong Microelectronics, and others for their expansion in new devices, processes, and markets [6] - The transition from 6-inch to 8-inch substrates in the SiC sector is expected to benefit leading substrate companies [6]

中国国际金融股份有限公司 关于苏州东微半导体股份有限公司 2025 年半年度持续督导跟踪报告 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为 苏州东微半导体股份有限公司（以下简称"东微半导"或"公司"）首次公开发 行股票并在科创板上市项目的保荐机构，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》和《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》等相关规定对东微半导履行持续督导职责，并 出具本持续督导半年度跟踪报告。 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具体 的持续督导工作制定相应的工作计划 | 保荐机构已建立健全并有效 执行了持续督导制度，并制 | | | | 定了相应的工作计划 | | 2 | 根据中国证监会相关规定，在持续督导工作开始前， 与上市公司或相关当事人签署持续督导协议，明确双 方在持续督导期间的权利义务，并报上海证券交易所 | 保荐机构已与东微半导签订 | | | | 《保荐协议》，该协议明确了 | | | | 双方在持续督导 ...

证券代码：688261 证券简称：东微半导 公告编号：2025-044 苏州东微半导体股份有限公司 关于股份性质变更暨 2025 年限制性股票激励计划股份授予 的进展公告 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。 根据苏州东微半导体股份有限公司（以下简称"公司"）2025 年第一次临时 股东会的授权，公司于 2025 年 8 月 4 日召开了第二届董事会薪酬与考核委员会 第四次会议和第二届董事会第十三次会议，分别审议通过了《关于调整 2025 年 限制性股票激励计划首次授予激励对象名单及授予数量的议案》和《关于向公司 2025 年限制性股票激励计划激励对象首次授予限制性股票的议案》，公司董事会 认为公司 2025 年限制性股票激励计划（以下简称"本次激励计划"）规定的限制 性股票的授予条件已经成就，同意以 2025 年 8 月 4 日为本次激励计划限制性股 票的授予日，向符合条件的 118 名激励对象授予 458,980 股第一类限制性股票， 具体内容详见公司于 2025 年 8 月 6 日在上海证券交易所网站（ww ...

Group 1 - The core viewpoint of the news is that Dongwei Semiconductor has shown significant financial performance and market activity, with a notable increase in revenue and net profit, alongside high financing levels [1][2][3] Group 2 - As of September 15, Dongwei Semiconductor's stock price increased by 3.40%, with a trading volume of 466 million yuan [1] - On the same day, the company had a financing buy-in amount of 81.73 million yuan and a net financing buy-in of 13.13 million yuan, indicating strong investor interest [1] - The total financing and securities balance reached 637 million yuan, which is 6.10% of the circulating market value, indicating a high financing level compared to the past year [1] - The company reported a revenue of 616 million yuan for the first half of 2025, representing a year-on-year growth of 46.79%, and a net profit of 27.58 million yuan, up 62.80% year-on-year [2] - Dongwei Semiconductor has distributed a total of 143 million yuan in dividends since its A-share listing, with 121 million yuan distributed over the past three years [3]