证券代码：002654 证券简称：万润科技 公告编号：2025-052 号 深圳万润科技股份有限公司 2025 年第二次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 1、本次股东大会不存在否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、会议召开时间：2025 年 9 月 15 日 15:30；网络投票时间：2025 年 9 月 15 日，其中：通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 9 月 15 日 9:15—9:25，9:30—11:30 和 13:00—15:00；通过深圳证券交易所 互联网投票系统投票的具体时间为：2025 年 9 月 15 日 9:15－15:00。 2、会议地点：深圳市光明区凤凰街道塘家社区光侨大道 2519 号万润大厦 11 层中会议室 3、会议召开方式：现场投票和网络投票相结合方式 4、会议召集人：董事会 5、会议主持人：董事长龚道夷 6、本次会议的召集、召开符合《公司法》《上市公司股东会规则》等有关 法律法规、规范性文件和《公司章程》 ...

广东信达律师事务所 股东大会法律意见书 中国深圳福田区益田路6001号太平金融大厦11、12层 邮政编码：518038 11&12/F, TaiPing Finance Tower, 6001 Yitian Road, Futian District, SHENZHEN, CHINA 电话(Tel.)：(86 755)88265288 传真(Fax.)：(86 755)88265537 电子邮件(Email)：info@sundiallawfirm.com 网址(Website)：www.sundiallawfirm.com 关于深圳万润科技股份有限公司 2025年第二次临时股东大会的 法律意见书 信达会字[2025]第292号 致：深圳万润科技股份有限公司 广东信达律师事务所（以下简称"信达"）接受深圳万润科技股份有限公司 （以下简称"公司"）委托，指派信达律师出席公司2025年第二次临时股东大会 （以下简称"本次股东大会"），对本次股东大会的合法性进行见证，并出具本 《广东信达律师事务所关于深圳万润科技股份有限公司2025年第二次临时股东 大会的法律意见书》（以下简称"《股东大会法律意见书》"）。 本《股 ...

Group 1 - The A-share market has seen a strong performance in storage chip stocks, with notable gains in companies such as Yiatong and Shanghai Beiling reaching the daily limit, while Demingli increased by over 8% [1] - The following companies experienced significant price increases: Yiatong (10.02%), Shanghai Beiling (10.00%), Demingli (8.85%), and Yong'anxing (5.14%) [2] - The year-to-date performance of these stocks shows substantial growth, with Demingli up 92.32% and Dongxin shares up an impressive 362.65% [2] Group 2 - The total market capitalization of Yiatong is 14.3 billion, while Shanghai Beiling stands at 27.6 billion [2] - The MACD golden cross signal formation indicates a positive trend for these stocks, suggesting continued upward momentum [1]

Group 1 - The core viewpoint of the news is that Wanrun Technology has experienced a significant stock price increase, with a rise of 6.13% on September 15, reaching a price of 14.54 yuan per share, and a total market capitalization of 12.291 billion yuan [1] - Wanrun Technology's stock has seen a cumulative increase of 6.53% over the past three days, indicating positive market sentiment [1] - The company, established in December 2002 and listed in February 2012, primarily engages in LED packaging, lighting applications, and digital marketing, with digital marketing contributing 60.99% to its revenue [1] Group 2 - Among the top shareholders of Wanrun Technology, the Southern Fund's Southern CSI 1000 ETF (512100) increased its holdings by 117.9 thousand shares in the second quarter, now holding 624.62 thousand shares, which is 0.74% of the circulating shares [2] - The Southern CSI 1000 ETF has achieved a year-to-date return of 25.92% and a one-year return of 67.73%, ranking 1270 out of 3803 in its category [2] Group 3 - The fund manager of the Southern CSI 1000 ETF is Cui Lei, who has been in the position for 6 years and 314 days, with a total fund asset size of 94.976 billion yuan [3] - During Cui Lei's tenure, the best fund return was 147.61%, while the worst was -15.93% [3]

Core Insights - The rapid development of artificial intelligence (AI) has created a significant demand for high-performance enterprise-level SSD products to enhance data access and processing capabilities [2] - Major companies like ByteDance, Alibaba, and Tencent are significantly increasing their capital expenditures for AI computing and data center infrastructure, indicating a robust growth trajectory for the AI sector [2] Industry Trends - The AI training phase requires high bandwidth, high IOPS, and low-latency storage systems to match GPU computing power, while the inference phase demands high concurrency and low-latency response capabilities [2] - The shift towards high-performance, low-power storage solutions with reasonable overall costs is essential due to the massive data generated and utilized in AI applications [2] Company R&D Investments - Companies such as Jiangbolong and Baiwei Storage are leading in R&D investments, which are crucial for product innovation and enhancing competitive advantages in the AI-driven market [3] - Jiangbolong has the highest number of R&D personnel at 1,177, followed by Baiwei Storage with 898, indicating a strong focus on innovation [5] - In terms of R&D expenditure for the first half of 2025, Jiangbolong invested approximately 44.57 million yuan, while Baiwei Storage invested around 27.29 million yuan, showcasing their commitment to R&D [6] R&D Expenditure as a Percentage of Revenue - The highest R&D expenditure as a percentage of revenue is held by Tongyou Technology at 21.3%, followed by Baiwei Storage at 7%, indicating varying levels of investment relative to their revenues [7] R&D Personnel Proportion - Baiwei Storage leads with 43.21% of its total employees in R&D, followed closely by Tongyou Technology at 43.07%, highlighting the importance of R&D in their operational strategies [8] Company Developments in SSD Market - Baiwei Storage has launched innovative storage solutions, including a PCIe 5.0×4 channel Gen 5 SSD, achieving high sequential read and write speeds, which are essential for AI applications [9] - Jiangbolong has introduced multiple high-speed enterprise-level eSSD products, ensuring compatibility with various domestic CPU platforms, which strengthens its market position [10] - Demingli has successfully mass-produced its self-developed SATA SSD controller chip and is focusing on AI and data center applications, increasing its investment in this area [11] Other Company Initiatives - Wanrun Technology is working on its PCIe 5.0 SSD ME14000 project, while Tongyou Technology has made progress in the domestic storage sector with its PCIe 5.0 SSD [12] - Langke Technology continues to develop new SSD products and is expected to launch a new generation of PCIe 5.0 SSDs by the end of the year [13]

Group 1 - The core viewpoint of the news is that Wanrun Technology's stock has seen a significant increase of 5.51%, reaching a price of 13.98 CNY per share, with a trading volume of 6.82 billion CNY and a turnover rate of 5.90%, resulting in a total market capitalization of 118.17 billion CNY [1] - Wanrun Technology, established on December 13, 2002, and listed on February 17, 2012, is primarily engaged in LED packaging, lighting applications, and digital marketing advertising [1] - The revenue composition of Wanrun Technology includes digital marketing at 60.99%, semiconductor storage at 16.28%, LED lighting and related at 8.53%, LED light source devices and related at 8.15%, others at 3.14%, and comprehensive energy at 2.90% [1] Group 2 - Among the top circulating shareholders of Wanrun Technology, the Southern Fund's Southern CSI 1000 ETF (512100) increased its holdings by 117.9 thousand shares in the second quarter, now holding 624.62 thousand shares, which accounts for 0.74% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) has a current scale of 649.53 billion CNY and has achieved a year-to-date return of 25.52%, ranking 1878 out of 4222 in its category, with a one-year return of 66.59%, ranking 1276 out of 3800 [2] - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 6 years and 311 days, with a total asset scale of 949.76 billion CNY [3]

Market Overview - The optical and optoelectronic sector experienced a decline of 0.49% on September 12, with Senba Sensor leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers in the optical and optoelectronic sector included: - Tianshan Electronics (301379) with a closing price of 26.00, up 6.60% [1] - Wanrun Technology (002654) at 13.95, up 5.28% [1] - ST Yushun (002289) at 31.47, up 3.18% [1] - Conversely, significant decliners included: - Linjie Sensor (300701) at 13.85, down 3.01% [2] - Jingwei Huikai (300120) at 9.70, down 3.00% [2] - Aibisen (300389) at 16.53, down 2.54% [2] Capital Flow - The optical and optoelectronic sector saw a net outflow of 1.895 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.354 billion yuan [2] - The capital flow for specific stocks indicated: - Wanrun Technology (002654) had a net inflow of 76.83 million yuan from institutional investors [3] - Dongtian Micro (301183) saw a net inflow of 42.97 million yuan from institutional investors [3] - Tianshan Electronics (301379) experienced a net inflow of 23.71 million yuan from institutional investors [3]

Core Viewpoint - The global DRAM market is expanding, driven by the rise of generative AI, leading to optimistic AI order expectations and benefiting the storage industry chain [1][3]. Group 1: Market Trends - The NAND price is expected to rise in Q3, with SanDisk announcing a price increase of over 10% for all channels, indicating the start of a new pricing cycle [1][2]. - The global DRAM market size increased by approximately 17% in Q2 2025, reaching $30.9 billion, primarily due to the demand from generative AI [3]. Group 2: Supply and Demand Dynamics - The supply-demand gap is expected to widen, with strong storage demand driven by AI applications and data centers, while supply is constrained due to production shifts and financial difficulties of some suppliers [2]. - The transition of NAND manufacturers to next-generation nodes is causing a shortage of low-density chips, further tightening supply [2]. Group 3: Domestic Industry Growth - Domestic advanced storage capacity is expanding, with companies like Zhaoyi Innovation and Changxin Storage maintaining close partnerships to benefit from the transition to DDR5/LPDDR5 [3]. - Changxin Storage is projected to capture about 30% of the domestic NAND market this year, with expectations to reach 15% of global NAND flash capacity by the end of 2026 [4].

Group 1 - The company, Wanrun Technology, has achieved mainstream channel coverage in its mobile internet advertising media business [1] - Wanrun Technology is a core agent for today's headline AD and a two-star service provider for Qianchuan [1] - The company is a first-level agent for Xingtou, Qutoutiao, and Youku, and it plans to obtain Alibaba Huichuan service provider qualification in the first half of 2025 [1]

Core Viewpoint - The company is enhancing its R&D capabilities to strengthen its core advantages and accelerate the development of testing technologies, hardware, certification software, and automotive-grade products [1] Group 1: R&D and Product Development - The company is focusing on key areas of the industry chain, including enterprise-level storage solutions, storage medium analysis, and automated storage testing [1] - The R&D project for the enterprise-level PCIe 5.0 SSD ME14000 has been officially launched and is expected to be completed by the first half of 2025 [1] - The UFS product has entered the new product introduction phase, while the DDR5 4800 memory module has successfully completed R&D and achieved mass production [1] - The LPDDR5X 6/8GB products have passed R&D validation testing and are entering the small-batch trial production stage [1]