青岛高测科技股份有限公司（以下简称"公司"）董事会于近日收到非独立董 事李学于先生提交的书面辞职报告。因公司内部工作调整，李学于先生申请辞去 公司第四届董事会非独立董事、副董事长及审计委员会委员职务，辞任后，李学 于先生仍然担任公司其他职务。根据《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》《青岛高测科技股份有限公司章程》等相关规定，李学 于先生的辞任导致审计委员会成员低于法定最低人数， 因此其辞职报告将在公司 改选出新的董事和审计委员会委员后生效，在改选出的新任董事和审计委员会委 员就任前，李学于先生将继续履行董事及审计委员会委员职责。 二、关于选举职工代表董事的情况说明 为保障公司董事会正常运行，根据最新修订的《公司法》等法律法规和规范 性文件及《公司章程》等的相关规定，公司于2025年7月30日召开公司2025年第一 次职工代表大会。经公司与会职工表决通过，选举李学于先生（简历见附件）为 公司第四届董事会职工代表董事，任期自本次职工代表大会审议通过之日起至第 四届董事会任期届满为止。 上述职工代表董事符合《公司法》等法律法规和《公司章程》规定的任职条 件。李学于先生原为公司第四届董事会 ...

青岛高测科技股份有限公司 证券代码：688556 证券简称：高测股份 公告编号：2025-049 转债代码：118014 转债简称：高测转债 2025年第二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 07 月 30 日 （二） 股东大会召开的地点：山东省青岛市高新区崇盛路 66 号高测股份 A 栋培 训教室 （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 | 164 | | --- | --- | | 普通股股东人数 | 164 | | 2、出席会议的股东所持有的表决权数量 | 216,090,979 | | 普通股股东所持有表决权数量 | 216,090,979 | | 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 | 28.2295 | | 例（%） | | | 普通股股东所持有表决权数 ...

法律意见书 德和衡证见意见（2025）第161号 中国·北京市朝阳区建国门外大街 2 号银泰中心 C 座 11、12 层 电话： (+86 10) 8540 7666 邮编：100022 www.deheheng.com 北京德和衡律师事务所 B E I J I N G D H H L A W F I R M 北京德和衡律师事务所 关于青岛高测科技股份有限公司 2025年第二次临时股东大会的 北京德和衡律师事务所 关于青岛高测科技股份有限公司 2025年第二次临时股东大会的 法律意见书 德和衡证见意见（2025）第161号 致：青岛高测科技股份有限公司 北京德和衡律师事务所（以下简称"本所"）接受青岛高测科技股份有限公司（以下简称"公 司"或"贵公司"）的委托，指派本所律师出席贵公司 2025 年第二次临时股东大会。本所律师依 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》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、《青岛高测 科技股份有限公司章程》（以下简称"《公司章程》"）及相关法律法规以及规范性文件的规定， 就本次股东大会的有关事宜 ...

| 证券代码：688556 | 证券简称：高测股份 公告编号：2025-050 | | --- | --- | | 转债代码：118014 | 转债简称：高测转债 | 青岛高测科技股份有限公司 第四届董事会第十二次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 青岛高测科技股份有限公司（以下简称"公司"）第四届董事会第十二次会 议于2025年7月30日在公司会议室以现场结合通讯方式召开。本次会议的通知于 2025年7月30日通过口头及邮件的方式送达公司全体董事。会议应出席董事9人， 实际出席董事9人，会议由公司董事长张顼先生主持。会议的召集和召开程序符 合相关法律、法规、部门规章、规范性文件和公司管理制度的有关规定，会议 决议合法、有效。 二、董事会会议审议情况 （一） 审议通过《关于豁免公司第四届董事会第十二次会议通知期限的议 案》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 （三）审议通过《关于补选公司第四届董事会审计委员会委员的议案》 公司董事会同意选举职工代表董事李学 ...

Core Viewpoint - As of July 29, a total of 187 stocks in the Shanghai and Shenzhen markets have experienced net financing inflows for five consecutive days or more, indicating strong investor interest in these stocks [1] Group 1: Stocks with Longest Continuous Net Inflows - The stock with the longest continuous net inflow is Chunzong Technology, which has seen net buying for 15 consecutive trading days [1] - Other notable stocks with significant net inflow days include Yunnan Baiyao (14 days), Longqi Technology (13 days), and Huicheng Environmental Protection (12 days) [1] - Additional stocks with 12 days of net inflows include Intercontinental Oil & Gas, Daon Co., Chengdi Xiangjiang, and Gaoce Co., while Dongfang Cable has seen net inflows for 10 days [1]

Macro Strategy - The chemical sector has seen continuous catalysts on both supply and demand sides since 2024, with the current "anti-involution" trend enhancing the market outlook, driven by a favorable fundamental environment and potential valuation uplift from emerging industries [1][23] - More than half of the existing convertible bonds in the chemical sector are issued at the peak of the cycle, currently entering or about to enter the redemption period, coinciding with an upward cycle, leading to more proactive debt conversion measures [1][23] - The majority of chemical convertible bonds are small-cap, which, combined with their near-term characteristics, amplifies the asymmetry of returns [1][23] Currency Exchange Rate - The RMB central parity has shown a gradual appreciation trend, with the exchange rate expected to challenge the 7.15 range again, and the spot exchange rate may drop to the 7.10-7.15 range in August [1][25] - The recent strengthening of the RMB is supported by optimistic expectations from US-China trade negotiations and a robust domestic stock market [1][25] Anti-Involution Policy - The "anti-involution" price governance aims to address three main objectives: short-term regulation of price wars, medium-term capacity reduction to promote supply-demand balance, and long-term price recovery, particularly in PPI [2][26] - The previous supply-side reforms led to a 10-month recovery in PPI, and under neutral assumptions, a similar recovery may take 11-12 months, potentially reaching around 1.9% by September next year [2][26] Industry Rotation - The market is expected to remain optimistic in the third quarter, with a focus on sectors that align with upcoming policies and key events, particularly those benefiting from the "anti-involution" strategy [3][5] - Suggested sectors for investment include those with potential short-term demand improvements, such as photovoltaic, coal, and chemical industries, as well as technology sectors with recent catalysts [5][3] Company-Specific Insights - Xidi Microelectronics is positioned as a leading player in the analog chip sector, with a projected revenue growth of 32.10% year-on-year for the first three quarters of 2024, driven by significant contributions from its audio coil motor driver chip product line [11][12] - Minshida reported a 27.91% year-on-year revenue increase in its 2025 mid-year report, with expectations for continued growth in the transformer market driven by demand from sectors like new energy vehicles and wind power [13] - Gaomei's second-quarter performance is expected to turn profitable due to supply-side optimization driven by the "anti-involution" policy, with N-type silicon wafer prices rising to 1.1 yuan per piece [14][15]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is positioned as a leader in silicon wafer manufacturing, benefiting from supply-side optimization and a reduction in price competition within the photovoltaic industry [7] - The company is expected to turn a profit in the second quarter of 2025, with a forecasted net profit of 0.53 billion, 1.27 billion, and 2.41 billion for 2025, 2026, and 2027 respectively [7] - The report highlights the company's strategy of integrating cutting-edge slicing resources, which is expected to enhance its marginal profitability due to improved capacity utilization and lower costs [7] - The company is anticipated to benefit from a shift towards a buyer's market in the silicon wafer industry, allowing it to focus on its competitive advantages and enhance its research and development efficiency [7] Financial Summary - The total revenue for 2023 is projected at 6.184 billion, with a year-on-year growth of 73.19% [1] - The net profit for 2023 is estimated at 1.461 billion, reflecting a year-on-year increase of 85.28% [1] - The earnings per share (EPS) for 2023 is expected to be 1.91 yuan, with a price-to-earnings (P/E) ratio of 5.00 [1] - The company's total assets are projected to reach 7.752 billion by 2024, with a debt-to-asset ratio of 52.30% [6][8]

Group 1 - The company held meetings on July 11, 2025, to approve the stock incentive plan and related proposals [1] - The company publicly disclosed the draft of the 2025 stock incentive plan and the list of proposed incentive recipients on July 12, 2025 [1][2] - The public notice period for the proposed incentive recipients lasted from July 12 to July 21, 2025, during which employees could raise objections [1][2] Group 2 - The supervisory board received no objections from employees regarding the proposed incentive recipients by the end of the public notice period [2] - The supervisory board verified the eligibility of the proposed recipients based on their identification documents, employment contracts, and positions held within the company [2][3] - The supervisory board concluded that all proposed recipients met the conditions set forth in relevant laws and regulations, as well as the company's internal policies [3]

Core Viewpoint - Qingdao High Measurement Technology Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss several key proposals, including changes to registered capital, the cancellation of the supervisory board, and the implementation of a restricted stock incentive plan for 2025 [1][2][3]. Meeting Procedures - The meeting will ensure the orderly conduct of proceedings, requiring attendees to verify their identity and register 30 minutes prior to the meeting [2][3]. - Attendees will have the right to speak, inquire, and vote, but must register to speak before the meeting starts [2][3][4]. - Voting will be conducted both on-site and online, with results announced after the meeting [3][4]. Agenda Items - Proposal 1: Discussing the provision of guarantees to clients, specifically involving a loan application by Sichuan Xingdeli New Energy Co., Ltd. to Qingdao Bank, with guarantees provided by both the company and related parties [5][6]. - Proposal 2: Changing registered capital, abolishing the supervisory board, and amending the company’s articles of association to enhance governance [5][6]. - Proposal 3: Revising and establishing certain governance systems in line with updated regulations [6]. - Proposal 4: Presenting the draft of the 2025 Restricted Stock Incentive Plan to attract and retain talent [6][7]. - Proposal 5: Establishing the assessment management measures for the 2025 Restricted Stock Incentive Plan [7]. - Proposal 6: Authorizing the board to handle matters related to the 2025 Restricted Stock Incentive Plan [8]. - Proposal 7: Presenting a three-year dividend return plan for 2025-2027 to ensure reasonable returns for shareholders [11]. - Proposal 8: Renewing the appointment of Ernst & Young Huaming as the auditing firm for the 2025 financial year [11][12]. Governance Changes - The company plans to abolish the supervisory board, transferring its responsibilities to the audit committee of the board of directors, in compliance with the latest legal requirements [6][7]. - The governance system will be updated to align with new laws and regulations, ensuring transparency and operational efficiency [6][7]. Financial and Audit Information - Ernst & Young Huaming has been proposed for reappointment as the auditing firm, with a strong track record in the industry and a focus on maintaining high audit quality [11][12]. - The firm reported a total revenue of RMB 5.71 billion for 2024, with significant experience in auditing listed companies [11][12].

青岛高测科技股份有限公司 2025 年第二次临时股东大会会议资料 | 证券代码：688556 | 证券简称：高测股份 | | --- | --- | | 转债代码：118014 | 转债简称：高测转债 | 青岛高测科技股份有限公司 2025 年第二次临时股东大会会议资料 2025 年 7 月 1 / 19 青岛高测科技股份有限公司 2025 年第二次临时股东大会会议资料 青岛高测科技股份有限公司 2025 年第二次临时股东大会会议资料目录 | 2025 | 年第二次临时股东大会会议须知 3 | | --- | --- | | 2025 | 年第二次临时股东大会会议议程 5 | | 2025 | 年第二次临时股东大会会议议案 7 | | 议案 | 1：《关于向客户提供担保的议案》 8 | | 议案 | 2：《关于变更注册资本、取消监事会并修订<公司章程>的议案》 9 | | 议案 | 3：《关于修订及制定公司部分治理制度的议案》 11 | | 议案 | 4：《关于公司<2025 年限制性股票激励计划（草案）>及其摘要的议案》 | | | 12 | | 议案 | 5：《关于公司<2025 年限制性股票激励计划实施 ...