证券代码：688693 证券简称：锴威特 公告编号：2025-046 苏州锴威特半导体股份有限公司 本公司对由收入准则规范的交易形成的全部应收票据及应收账款，按照相当 于整个存续期内预期信用损失的金额计量损失准备。由此形成的损失准备的增加 或转回金额，作为减值损失或利得计入当期损益。 关于 2025 年半年度计提资产减值准备的公告 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。 2025 年 8 月 28 日，苏州锴威特半导体股份有限公司（以下简称"公司"）召 开了第三届董事会审计委员会第二次会议及第三届董事会第二次会议，审议通过 了《关于 2025 年半年度计提资产减值准备的议案》。具体情况如下： 一、计提减值准备的情况概述 根据《企业会计准则》和相关会计政策的规定，结合公司的实际经营情况及 行业市场变化等因素的影响，为客观、公允地反映公司截至 2025 年 6 月 30 日的 财务状况和 2025 年半年度的经营成果，公司及下属子公司对截至 2025 年 6 月 30 日公司资产进行了减值测试，公司 2025 年半年度 ...

Core Insights - The power semiconductor industry in China has developed a complete ecosystem with leading companies specializing in various segments, including IGBT modules, diodes, and traditional devices, contributing to the import substitution process in key areas like automotive electronics and renewable energy [1][8]. Company Overview - New Energy and Stada Semiconductor focus on IGBT modules, leading in the renewable energy sector [1]. - Jiejie Microelectronics and Suzhou Good focus on diodes and thyristors, serving home appliances and industrial automation markets [1]. - Huazhong Microelectronics and Silan Microelectronics are IDM leaders covering the entire industry chain [1]. - Wentai Technology has expanded into automotive-grade products through the acquisition of Anshi Semiconductor [1]. - Yangjie Technology leads in discrete devices, while Dongwei Semiconductor and Hongwei Technology focus on high-end MOSFET and IGBT research [1]. - Pairui Technology specializes in high-voltage devices, and Zhenhua Technology and Huami Electronics have advantages in military and industrial sectors [1]. - Galaxy Microelectronics, Xindao Technology, and Kaiweite focus on miniaturized devices in niche markets [1]. Performance Comparison - In Q1 2025, most power semiconductor companies reported gross margins between 10% and 45%, indicating good profitability [5]. - Wentai Technology led in revenue with 13.1 billion yuan, although its year-on-year growth rate declined [5]. - Pairui Technology achieved the highest gross margin at 58.4%, showcasing its cost control and efficiency [5]. Revenue and Gross Margin Data - New Energy reported Q1 2025 revenue of 450 million yuan with a gross margin of 36.6% [6]. - Jiejie Microelectronics had revenue of 700 million yuan and a gross margin of 39.9% [6]. - Huazhong Microelectronics reported 2.35 billion yuan in revenue with a gross margin of 25.3% [6]. - Wentai Technology's revenue was 13.1 billion yuan with a gross margin of 14.0% [6]. - Silan Microelectronics had revenue of 3 billion yuan and a gross margin of 21.3% [6]. - Stada Semiconductor reported 920 million yuan in revenue with a gross margin of 30.4% [6]. - Suzhou Good achieved 900 million yuan in revenue with a gross margin of 10.8% [6]. - Yangjie Technology reported 1.58 billion yuan in revenue with a gross margin of 34.6% [6]. - Galaxy Microelectronics had revenue of 220 million yuan and a gross margin of 24.0% [6]. - Pairui Technology's revenue was 30 million yuan with a gross margin of 58.4% [6]. - Hongwei Technology reported 300 million yuan in revenue with a gross margin of 16.4% [6]. - Dongwei Semiconductor achieved 280 million yuan in revenue with a gross margin of 13.6% [7]. - Taiji Technology reported 70 million yuan in revenue with a gross margin of 29.0% [7]. - Zhenhua Technology had revenue of 910 million yuan and a gross margin of 42.5% [7]. - Huami Electronics reported 640 million yuan in revenue with a gross margin of 28.0% [7]. Regional Distribution - Domestic sales dominate, with most companies having over 70% of their sales in China, except Wentai Technology, which has a balanced global presence [8]. - The East and South China regions are core areas for companies like Stada Semiconductor, Silan Microelectronics, and New Energy, while North and Central China focus on industrial and power applications [8]. - Companies like Zhenhua Technology and Huami Electronics leverage local bases to expand into surrounding areas [8]. Future Business Plans - The industry aims to build competitive barriers through capacity expansion, automotive certification, and domestic substitution [16]. - Leading companies are accelerating the expansion of automotive-grade IGBT modules and focusing on the photovoltaic storage market [16]. - Companies are also enhancing their technology capabilities, with a focus on 12-inch wafer production and third-generation semiconductor layouts [16].

Core Viewpoint - On August 18, a total of 19 listed companies had their restricted shares unlocked, with a total market value of approximately 32.581 billion yuan [1]. Group 1: Unlocking Details - The specific details of the restricted share unlocks are as follows: - **Sunshine Energy (000591)**: 314 million shares from A-share original shareholder allocation [2] - **Paislin (600215)**: 2.0375 million shares from equity incentive lock-up [2] - **Xin'ao Co. (600803)**: 253 million shares from A-share corporate allocation [2] - **Hualan Biological (301207)**: 459 million shares with extended lock-up period [2] - **Taihe New Materials (002254)**: 436,000 shares from equity incentive lock-up [2] - **Yinxi Technology (300221)**: 569,890 shares from equity incentive lock-up [2] - **Loxin Medical (300562)**: 110,000 shares from equity incentive lock-up [2] - **Bona Film (001330)**: 319 million shares from pre-issue lock-up [2] - **Yuanfei Pet (001222)**: 112 million shares from pre-issue lock-up [2] - **Kaige Precision Machinery (301338)**: 72.1 million shares from pre-issue lock-up [2] - **Dingjide (603255)**: 72.7914 million shares from pre-issue lock-up [2] - **Shangji Technology (301330)**: 18.515 million shares from pre-issue lock-up [2] - **Zhongchumai (688267)**: 83.3928 million shares [2] - **Luwei Optoelectronics (688401)**: 77.6214 million shares [2] - **Haohan Depth (688292)**: 10.8085 million shares [2] - **Huicheng Co. (688403)**: 259 million shares [2] - **Kaiweite (688693)**: 921,100 shares [2] - **Xinyu Ren (688573)**: 122,190 shares [2] - **Sinan Navigation (688592)**: 77,700 shares [2]

Group 1 - The core viewpoint of the news is the financial performance and market activity of Suzhou Kaiweite Semiconductor Co., Ltd. as of August 13, 2025, highlighting a significant revenue growth and the stock's trading performance [1][3] - As of the latest quarterly report, the company reported total revenue of 44.83 million yuan, a year-on-year increase of 100.91%, and a net profit attributable to shareholders of 12.83 million yuan, up 19.54% year-on-year [1] - The company has a strong liquidity position with a current ratio of 12.307 and a quick ratio of 10.356, alongside a low debt-to-asset ratio of 7.50% [1] Group 2 - The company has made investments in 4 external enterprises and participated in 31 bidding projects, indicating active engagement in business expansion [2] - In terms of intellectual property, the company holds 5 trademark registrations and 149 patents, along with 10 administrative licenses, showcasing its innovation capabilities [2]

Group 1 - The company has authorized the disposal of trading financial assets, specifically shares of Suzhou Kaiweite Semiconductor Co., Ltd. (stock code: 688693), for a period of 12 months starting from the approval date of the shareholders' meeting [2] - The company completed the reduction of 2,210,400 shares of Kaiweite, which represents 3.00% of the current total share capital of Kaiweite, through both centralized bidding and block trading methods [2][3] - As of the announcement date, the company still holds 8,344,816 shares of Kaiweite, accounting for 11.33% of the current total share capital [3] Group 2 - The preliminary financial assessment indicates that the sale of Kaiweite shares will increase the net profit attributable to the shareholders of the listed company by approximately 36 million yuan after deducting costs and related taxes [4]

Group 1 - The company has authorized the disposal of its trading financial assets, specifically shares of Suzhou Kaiweite Semiconductor Co., Ltd., for a period of 12 months following the approval at the shareholders' meeting [2] - The company plans to reduce its holdings in Kaiweite by up to 2,210,400 shares, which represents 3.00% of the total share capital of Kaiweite [3] - The company successfully completed the reduction of 2,210,400 shares through both centralized bidding and block trading methods [3] Group 2 - As of the announcement date, the company still holds 8,344,816 shares of Kaiweite, accounting for 11.33% of the total share capital [4] - The preliminary financial assessment indicates that the sale of Kaiweite shares will increase the net profit attributable to shareholders by approximately 36 million yuan after deducting costs and taxes [5]

Group 1 - The company, Kaiwei Te, announced the listing of its strategic placement shares, which have a lock-up period of 24 months [1] - The total number of shares being listed for circulation is 921,052 shares [1] - The listing date for these shares is set for August 18, 2025 [1]

Group 1 - The core revenue composition of Kaiwei Technology for the year 2024 is 97.44% from integrated circuits and 2.56% from other businesses [1] Group 2 - On August 8, 2023, Kaiwei Technology announced that it received a notice from Ganhuake Technology regarding a share reduction plan, where Ganhuake reduced its holdings by approximately 120.65 thousand shares, accounting for 1.64% of the total share capital [3]

Group 1 - The company Kewit (SH 688693) announced that approximately 921,100 restricted shares will be unlocked and listed for trading on August 18, 2025, accounting for 1.25% of the total share capital [2] - For the year 2024, the company's revenue composition is as follows: integrated circuits account for 97.44%, while other businesses account for 2.56% [2]

Transaction Overview - The company has authorized the management to sell its holdings in Suzhou Kaiweite Semiconductor Co., Ltd. within 12 months based on market conditions and the company's actual situation [1] - The company plans to reduce its stake in Kaiweite by 3.00%, amounting to 736,800 shares, through block trading [1] - As of the announcement date, the company still holds 8,344,816 shares of Kaiweite, representing 11.33% of the total share capital [1] Transaction Impact - The preliminary estimate from the company's finance department indicates that the sale of Kaiweite shares will increase the net profit attributable to shareholders by approximately 36 million yuan after deducting costs and related taxes [2] - The final figures will be confirmed by the annual audit results [2]