证券代码：300046 证券简称：台基股份 公告编号：2025-042 湖北台基半导体股份有限公司 关于对外投资设立全资子公司的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 湖北台基半导体股份有限公司（以下简称"公司"）于 2025 年 9 月 9 日召开 第六届董事会第十次会议，审议通过了《关于对外投资设立全资子公司的议案》， 现将有关情况公告如下： 一、对外投资概述 基于公司战略规划和业务发展的需要，公司拟使用自有资金或自筹资金 10,000 万元对外投资设立全资子公司台基半导体技术（武汉）有限公司（暂定名， 以市场监督管理部门的最终登记为准），同时董事会授权公司管理层全权负责办理 本次对外投资相关事宜。 根据《公司章程》及相关规定，本次对外投资事项在公司董事会审批权限范 围内，无需提交公司股东大会审议。本次对外投资不涉及关联交易，不构成《上 市公司重大资产重组管理办法》规定的重大资产重组。 二、投资标的的基本情况 公司名称：台基半导体技术（武汉）有限公司 注册资本：10,000 万元人民币 类型：有限责任公司 住所：武汉东湖新技术开发区高新大道 ...

证券代码：300046 证券简称：台基股份 公告编号：2025-041 具体内容详见公司同日披露于巨潮资讯网的《关于董事辞职及聘任高管的公 告》。 湖北台基半导体股份有限公司 第六届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 湖北台基半导体股份有限公司（以下简称"公司"）董事会办公室于 2025 年 9 月 8 日以电子邮件方式向全体董事送达关于召开第六届董事会第十次会议的通 知。本次会议于 2025 年 9 月 9 日在湖北省襄阳市襄城区胜利街 162 号公司行政 楼会议室以现场及通讯相结合的方式召开。会议应出席董事 8 名，实际出席董事 8 名。会议由董事长邢雁主持。本次会议的召开符合《中华人民共和国公司法》 和《湖北台基半导体股份有限公司章程》等有关规定。经出席会议董事审议和表 决，本次会议形成以下决议： 一、审议通过《关于对外投资设立全资子公司的议案》 具体内容详见公司同日披露于巨潮资讯网的《关于对外投资设立全资子公司 的公告》。 表决情况：同意 8 人，占公司董事人数的 100%，无弃权票和反对票。 二、审议通过《关于 ...

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial metrics of Taiji Co., which has seen fluctuations in its stock price and trading volume [1][2] - As of September 9, Taiji Co.'s stock price was 39.20 CNY per share, with a market capitalization of 9.272 billion CNY and a trading volume of 185 million CNY [1] - Year-to-date, Taiji Co. has experienced an 8.51% increase in stock price, but has seen a decline of 4.72% over the last five trading days and 12.85% over the last twenty days [1] Group 2 - Taiji Co. operates in the electronic semiconductor industry, specifically in discrete devices, and is involved in various concept sectors including EDA, aerospace and military, small-cap, DC transmission, and state-owned enterprise reform [2] - For the first half of 2025, Taiji Co. reported revenue of 179 million CNY, representing a year-on-year growth of 4.18%, and a net profit attributable to shareholders of 39.73 million CNY, showing a significant increase of 3789.41% [2] - The company has distributed a total of 491 million CNY in dividends since its A-share listing, with 34.30 million CNY distributed over the past three years [3]

Company Overview - Taiji Co., Ltd. is located in Xiangyang City, Hubei Province, and was established on January 2, 2004. The company was listed on January 20, 2010. Its main business involves the research, development, manufacturing, sales, and service of high-power semiconductor devices and their power components [1][2]. Financial Performance - For the first half of 2025, Taiji Co., Ltd. achieved operating revenue of 179 million yuan, representing a year-on-year growth of 4.18%. The net profit attributable to the parent company was 39.73 million yuan, showing a significant year-on-year increase of 3789.41% [2]. - Since its A-share listing, Taiji Co., Ltd. has distributed a total of 491 million yuan in dividends, with 34.30 million yuan distributed over the past three years [3]. Stock Performance - As of September 4, Taiji Co., Ltd.'s stock price was 40.18 yuan per share, with a market capitalization of 9.504 billion yuan. The stock has increased by 11.22% year-to-date but has decreased by 12.67% over the past five trading days and 11.30% over the past 20 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent appearance on June 25, where it recorded a net purchase of 235 million yuan [1]. Shareholder Information - As of June 30, the number of shareholders of Taiji Co., Ltd. was 94,900, an increase of 45.22% compared to the previous period. The average number of circulating shares per person was 2,492, a decrease of 31.14% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 375,000 shares, a decrease of 813,400 shares compared to the previous period [3]. Industry Classification - Taiji Co., Ltd. belongs to the electronic-semiconductor-discrete devices sector and is associated with concepts such as small-cap stocks, EDA concepts, aerospace and military, DC transmission, and QFII holdings [2].

Core Viewpoint - Taiji Co., Ltd. has reported a turnaround in its financial performance for the first half of 2025, achieving profitability compared to the previous year, with significant growth in net profit and revenue [1][2]. Financial Performance - The company's operating revenue for the first half of 2025 was 178.79 million yuan, an increase of 4.18% year-on-year [1]. - The net profit attributable to shareholders was 39.73 million yuan, marking a substantial increase of 3789.41% compared to a loss of 1.08 million yuan in the same period last year [1]. - The net profit after deducting non-recurring gains and losses was 27.72 million yuan, a decrease of 15.22% year-on-year [1]. - Basic earnings per share were reported at 0.168 yuan, compared to a loss of 0.0045 yuan per share in the previous year [1]. - The company's total assets at the end of the reporting period were 1.25 billion yuan, reflecting a 1.04% increase from the end of the previous year [1]. Profitability Metrics - The gross profit margin for the first half of 2025 was 29.82%, a decrease of 1.54 percentage points year-on-year [2]. - The net profit margin improved to 21.90%, an increase of 23.03 percentage points compared to the same period last year [2]. Expense Analysis - Total operating expenses for the first half of 2025 were 18.98 million yuan, an increase of 3.25 million yuan year-on-year [2]. - The expense ratio was 10.61%, up by 1.45 percentage points from the previous year [2]. - Sales expenses increased by 0.85%, while management expenses rose by 6.57%. Research and development expenses decreased by 16.19%, and financial expenses surged by 58.70% [2]. Corporate Governance - The chairman and general manager of Taiji Co., Ltd., Xing Yan, received a salary of 618,200 yuan in 2024, a slight increase from 599,700 yuan in the previous year [4]. - Xing Yan has held leadership positions in various industry associations and has been with Taiji Co., Ltd. since 2008 [4]. Shareholding Changes - Changjiang Industrial Investment Group is set to acquire control of Taiji Co., Ltd. through a share transfer agreement, changing the actual controller from Xing Yan to the Hubei Provincial State-owned Assets Supervision and Administration Commission [6]. - The share transfer involves the acquisition of 32.0369% of the shares of Xinyiyuan, with a total transaction value of 430 million yuan [6]. Company Overview - Taiji Co., Ltd. is based in Xiangyang City, Hubei Province, and specializes in the research, development, manufacturing, and sales of high-power semiconductor devices and their components [7].

Group 1 - The core point of the news is that Taiji Co., Ltd. experienced a decline of 5.02% in its stock price, reaching 41.05 yuan per share, with a trading volume of 612 million yuan and a turnover rate of 6.17%, resulting in a total market capitalization of 9.71 billion yuan [1] - Taiji Co., Ltd. is based in Xiangyang, Hubei Province, and was established on January 2, 2004, with its listing date on January 20, 2010. The company specializes in the research, development, manufacturing, sales, and service of high-power semiconductor devices and their power components [1] - The main business revenue composition of Taiji Co., Ltd. includes modules at 44.19%, thyristors at 42.65%, and other products at 13.16% [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under Jiashi Fund has a significant position in Taiji Co., Ltd. The Jiashi CSI 2000 ETF (159535) held 1,300 shares in the second quarter, accounting for 0.28% of the fund's net value, ranking as the seventh largest holding [2] - The Jiashi CSI 2000 ETF (159535) was established on September 14, 2023, with a latest scale of 20.5767 million. Year-to-date, it has achieved a return of 34.49%, ranking 1161 out of 4222 in its category; over the past year, it has returned 75.74%, ranking 857 out of 3781; and since its inception, it has returned 40.56% [2] - The fund manager of Jiashi CSI 2000 ETF (159535) is Li Zhi, who has been in the position for 7 years and 253 days, managing total assets of 18.361 billion yuan. During his tenure, the best fund return was 82.77%, while the worst was -50.62% [2]

Group 1 - Major financial institutions like JPMorgan, Citigroup, and Morgan Stanley have recently increased their holdings in H-shares such as CATL, ZTE, and WuXi AppTec, indicating a growing interest in these stocks [1] - JPMorgan's long position in CATL H-shares rose from 5.98% to 6.06%, while Morgan Stanley's increased from 4.96% to 6.05% [1] - The Hong Kong stock market showed strong performance in August, with the Hang Seng Index rising by 1.23% and the Hang Seng Tech Index increasing by 4.06% [3] Group 2 - There is a concern that retail investors often enter the market after institutions have already made their moves, leading to potential losses for these investors [5] - A notable example of institutional behavior is highlighted, where foreign institutions claimed to avoid thematic stocks but were found heavily invested in restructuring concept stocks after earnings reports were released [6] - The concept of "institutional inventory" is introduced as a key indicator of institutional trading activity, suggesting that active participation by institutions can signal future stock performance [9][11] Group 3 - The article emphasizes the importance of understanding the true flow of funds rather than relying on news, which often lags behind actual market movements [14] - It is suggested that retail investors should focus on analyzing data that reveals institutional actions to avoid being misled by superficial news [14] - The conclusion stresses that those who can access and interpret real data will have a competitive advantage in the market [14]

Group 1 - The stock of Taiji Co., Ltd. dropped by 5.02% on August 29, closing at 43.70 CNY per share, with a trading volume of 9.47 billion CNY and a turnover rate of 9.01%, resulting in a total market capitalization of 10.336 billion CNY [1] - Taiji Co., Ltd. is located in Xiangyang City, Hubei Province, and was established on January 2, 2004. The company was listed on January 20, 2010, and its main business involves the research, development, manufacturing, sales, and service of high-power semiconductor devices and their power components [1] - The revenue composition of Taiji Co., Ltd. includes modules at 44.19%, thyristors at 42.65%, and other products at 13.16% [1] Group 2 - From the perspective of major fund holdings, one fund under Jiashi Fund has a significant position in Taiji Co., Ltd. The Jiashi CSI 2000 ETF (159535) held 1,300 shares in the second quarter, accounting for 0.28% of the fund's net value, making it the seventh-largest holding [2] - The Jiashi CSI 2000 ETF (159535) was established on September 14, 2023, with a latest scale of 20.5767 million CNY. Year-to-date, it has achieved a return of 33.8%, ranking 997 out of 4,222 in its category; over the past year, it has returned 80.66%, ranking 816 out of 3,776 [2] - The fund manager of Jiashi CSI 2000 ETF (159535) is Li Zhi, who has been in the position for 7 years and 249 days, managing total assets of 18.361 billion CNY. During his tenure, the best fund return was 82.77%, while the worst was -50.62% [2]

Core Insights - The A-share semiconductor sector has shown strong upward momentum, with the Wind Semiconductor Select Index rising over 6% on August 27, driven by robust earnings reports from key companies [1] - Cambricon Technologies (688256.SH) reported a significant revenue increase of 4347.82% year-on-year, reaching 2.881 billion yuan, and turned a profit of 1.038 billion yuan, surpassing expectations [1][4] - A total of 86 semiconductor companies have disclosed their half-year financial results, with 54 reporting year-on-year profit growth, indicating a mild recovery in the semiconductor industry, albeit with notable structural differences [1][5] Financial Performance - Sixteen companies achieved profit growth exceeding 100%, with some exceeding 1000%. For instance, Taiji Technology (300046.SZ) reported a profit increase of 3789.4% [4] - Silan Microelectronics (600460.SH) and Jingrui Materials (300655.SZ) also reported profit growth exceeding 1000%, indicating a strong recovery in their respective sectors [4] - Overall, 76 semiconductor companies reported a total profit of 8.87 billion yuan, down from 9.71 billion yuan in the same period last year, suggesting a trend of "mild recovery" [6][8] Market Trends - The semiconductor industry is experiencing a structural recovery, particularly in high-performance storage chips, automotive electronics, and industrial control chips, while the consumer market is recovering at a slower pace [6][9] - Companies like Jingrui Materials and Yangjie Technology (300373.SZ) reported significant profit growth due to increased demand in automotive electronics and AI applications [6][10] - The demand for automotive electronics is notably rising, with companies like Jingfang Technology (603005.SH) benefiting from the growth in the automotive smart chip market [10] Structural Opportunities - Despite the overall positive trends, some companies are lagging, with nine firms reporting profit declines exceeding 100%, indicating internal disparities within the industry [8] - Companies such as Mingwei Electronics (688699.SH) and Deep Kangjia (000016.SZ) cited intensified competition in the consumer electronics sector as a reason for their poor performance [8][9] - The semiconductor industry is witnessing a structural opportunity, particularly in network communication, storage, industrial chips, and automotive chips, aligning with the performance of various industry segments [10][11]

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].