【导读】扬杰科技终止以发行股份及支付现金 的 方式收购贝特电子，转而推进现金收购 计划 中国基金报记者 杨晨 功率半导体龙头扬杰科技终止 原 收购 事项，转而推进 纯 现金收购 计划，拟继续磋商收购 东莞市贝特电子科技股份有限公司（以下简称 贝特电子） 。 7月3日晚间， 扬杰科技（证券代码：300373） 发布公告，宣布终止原定以发行股份及支付现金 的 方式收购 贝特电子 的事项。 虽然上述收购方案没有成功，但 扬杰科技 并没有放弃收购 贝特电子 。 公告显示， 扬杰科技 于2025年7月2日与 贝特电子 的 主要股东韩露、刘汉浩、易鹏举、黄卫平、卢志明、詹小青签署了《关于东莞市贝 特电子科技股份有限公司之现金收购意向协议》（以下简称《意向协议》），且各方同意继续磋商 扬杰科技 以现金方式收购韩露等六名主 要股东及其他股东持有的贝特电子的全部或部分股份。 原交易对方数量较多 交易条件未达成一致 此前披露的原方案为， 扬杰科技 拟向韩露、刘汉浩、易鹏举、黄卫平、卢志明、詹小青等67名交易对方发行股份及支付现金购买其持有的 贝特电子 100%股份并募集配套资金。 和原方案对比，新方案有两大主要变化：一是收购方式 ...

Group 1 - Yangjie Technology announced the termination of the original plan to acquire 100% equity of Better Electronics through share issuance and cash payment due to changes in the capital market environment and the large number of parties involved [1] - The company will now pursue a cash acquisition of all or part of Better Electronics' equity, aiming to expedite the transaction process and avoid the complexities of share issuance [1] - Better Electronics, established in 2003, has developed a comprehensive product system covering circuit protection components, with a market share of over 30% in the BMS fuse market for new energy vehicles [1] Group 2 - Better Electronics' IPO application was accepted in June 2023 but was withdrawn in August 2024 after failing to respond to regulatory inquiries in a timely manner, raising concerns about the sustainability of its performance growth [2] - The adjustment in Yangjie Technology's acquisition strategy may help accelerate the transaction and mitigate uncertainties associated with the IPO review process [2]

Group 1 - The company has decided to terminate the plan to issue shares and pay cash for the acquisition of 100% of Dongguan Beite Electronics Technology Co., Ltd. due to changes in the capital market environment and difficulties in reaching an agreement with the transaction parties [1][2] - The decision was made after careful consideration of the current situation, including the progress of negotiations and audit evaluations, with the aim of protecting the interests of the company and its investors [2] - The company will negotiate to acquire all or part of the equity of the target company in cash, with specific transaction details to be submitted to the board of directors for approval [2] Group 2 - The meeting of the supervisory board was held on July 3, 2025, with all three supervisors present, and the resolution to terminate the acquisition plan was passed unanimously [1][2] - The company had initially announced the acquisition plan on March 27, 2025, which involved issuing shares and paying cash to 67 transaction parties [1]

Core Viewpoint - Yangjie Technology has decided to terminate the issuance of shares and cash payment for the acquisition of 100% equity in Better Electronics due to changes in the capital market environment, lack of consensus between parties, and the expectation that the transaction could not be completed within the year [1] Group 1 - The company announced the termination of the planned acquisition of Better Electronics [1] - The reasons for termination include changes in the capital market environment and failure to reach an agreement between the parties involved [1] - The company plans to negotiate a cash-based acquisition of all or part of the equity of the target company [1]

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。 证券代码：300373 证券简称：扬杰科技 公告编号：2025-050 扬州扬杰电子科技股份有限公司 第五届董事会第十七次会议决议公告 公司董事会授权公司管理层办理本次交易终止相关事宜。 具体内容详见公司于 2025 年 7 月 3 日在巨潮资讯网（www.cninfo.com.cn） 上披露的《关于继续磋商以现金方式购买资产及终止发行股份、支付现金购买资 产并募集配套资金事项的公告》（公告编号：2025-052）。 本议案已经公司独立董事专门会议审议通过。 扬州扬杰电子科技股份有限公司（以下简称"公司"）于 2025 年 7 月 1 日以 电子邮件和电话的方式发出关于召开公司第五届董事会第十七次会议的通知，会 议于 2025 年 7 月 3 日上午 9：00 以通讯方式召开。 本次会议应到董事 9 人，实到董事 9 人。会议由董事长梁勤女士主持，公司 部分监事、高级管理人员列席了会议。本次会议的召开符合《中华人民共和国公 司法》和《公司章程》的有关规定。经与会董事审议，形成如下决议： 一、审议通过了《关于终止发 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-052 扬州扬杰电子科技股份有限公司 关于继续磋商以现金方式购买资产及终止发行股份、 支付现金购买资产并募集配套资金事项的公告 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。 扬州扬杰电子科技股份有限公司（以下简称"公司"或"扬杰科技"）于 2025 年 7 月 3 日分别召开第五届董事会第十七次会议和第五届监事会第十七次会议，审 议通过了《关于终止发行股份及支付现金购买资产并募集配套资金的议案》，同意公 司终止本次发行股份及支付现金购买资产并募集配套资金事项。现将相关情况公告 如下： 二、本次交易期间的相关工作 （一）本次交易的历史披露情况 经公司向深圳证券交易所申请，公司股票（证券简称：扬杰科技；证券代码： 300373）自 2025 年 3 月 13 日（星期四）开市起停牌，具体内容详见公司于 2025 年 3 月 13 日披露的《关于筹划发行股份及支付现金购买资产并配套募集资金事项的停 牌公告》（公告编号：2025-009）。停牌期间，公司按照相关规定披露了《关于筹划 发行股份及支付现金购 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-054 扬州扬杰电子科技股份有限公司 特此公告。 扬州扬杰电子科技股份有限公司董事会 2025 年 7 月 3 日 1 关于高级管理人员离职的公告 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。 扬州扬杰电子科技股份有限公司（以下简称"公司"）副总裁王玉林先生因 个人原因提出离职，已办理完毕离职手续，其所负责的工作已平稳交接。离职后， 王玉林先生不再担任公司任何职务。王玉林先生的离职不会对公司的正常运作及 经营管理产生影响。 截至本公告披露日，王玉林先生未持有公司股票。王玉林先生在公司任职期 间恪尽职守，勤勉尽职，公司董事会对王玉林先生任职期间为公司发展所做的贡 献表示衷心感谢！ ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-051 扬州扬杰电子科技股份有限公司 第五届监事会第十七次会议决议公告 本公司及监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。 扬州扬杰电子科技股份有限公司（以下简称"公司"）于 2025 年 7 月 1 日以 电子邮件和电话的方式向各位监事发出关于召开公司第五届监事会第十七次会 议的通知，会议于 2025 年 7 月 3 日上午 11：00 在江苏省扬州市邗江区新甘泉路 68 号公司 5 号厂区办公楼三楼会议室以现场方式召开。 本次会议应到监事 3 人，实到监事 3 人，会议由监事会主席徐萍女士主持。 本次会议的召开符合《中华人民共和国公司法》和《公司章程》的有关规定。经 与会监事审议，形成如下决议： 一、审议通过了《关于公司终止发行股份及支付现金购买资产并募集配套资 金事项的议案》 公司于 2025 年 3 月 27 日披露《扬州扬杰电子科技股份有限公司发行股份及 支付现金购买资产并募集配套资金预案》，公司拟向韩露、刘汉浩、易鹏举、黄 卫平、卢志明、詹小青等 67 名交易对方发行股份及支付现金购买其持 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-053 扬州扬杰电子科技股份有限公司 关于召开继续磋商以现金方式购买资产及终止 发行股份、支付现金购买资产并募集配套资金事项 投资者说明会的公告 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。 扬州扬杰电子科技股份有限公司（以下简称"公司"）于 2025 年 7 月 3 日 分别召开第五届董事会第十七次会议和第五届监事会第十七次会议，审议通过了 《关于终止发行股份及支付现金购买资产并募集配套资金的议案》，同意公司终 止本次发行股份及支付现金购买资产并募集配套资金事项。具体内容详见公司于 2025 年 7 月 3 日在巨潮资讯网（www.cninfo.com.cn）上披露的《关于继续磋商 以现金方式购买资产及终止发行股份、支付现金购买资产并募集配套资金事项的 公告》（公告编号：2025-052）。 为加强与投资者的沟通和交流，根据深圳证券交易所的相关规定，公司定于 2025 年 7 月 8 日（星期二）15:00-16:00 举办关于继续磋商以现金方式购买资产 及终止发行股份、支付现金购买资产并募集 ...

Core Viewpoint - The MOSFET industry in China is experiencing significant growth driven by the demand from sectors such as consumer electronics, communication, industrial control, and automotive electronics, with a projected market size of 42.944 billion yuan in 2024, reflecting a year-on-year growth of 7.67% [1][11]. Industry Overview - MOSFET (Metal-Oxide-Semiconductor Field-Effect Transistor) is a semiconductor device that controls current using electric fields, consisting of a metal gate, an insulating oxide layer, and a semiconductor substrate [2]. - The industry has evolved through four main stages, from initial development before 2010 to the current phase of domestic substitution, where local manufacturers are increasingly producing high-end products [4][5]. Industry Development History - The industry has transitioned from a pioneering phase before 2010 to a period of local alliances from 2011 to 2013, followed by structural reforms from 2014 to 2016, and now to a phase of domestic substitution since 2017 [4][5]. Industry Supply Chain - The upstream of the MOSFET industry includes raw materials and production equipment, while the midstream focuses on manufacturing, and the downstream applications span automotive electronics, consumer electronics, industrial control, and communication devices [7]. Market Size - The demand for MOSFETs is rising due to the proliferation of 5G technology, the boom in the electric vehicle market, and increasing industrial automation [11]. - The performance of silicon-based MOSFETs is improving, and third-generation semiconductor devices like SiC MOSFETs are being commercialized, enhancing charging efficiency and range for electric vehicles [11]. Key Companies' Performance - The competitive landscape of the MOSFET industry is characterized by dominance from overseas giants like Infineon and ON Semiconductor, while domestic firms such as Huazhu Microelectronics, Silan Microelectronics, and New Clean Energy are emerging as leaders [13]. - Huazhu Microelectronics reported a revenue of 2.355 billion yuan in Q1 2025, a year-on-year increase of 11.29%, with a net profit of 83 million yuan, up 150.68% [14]. - Silan Microelectronics achieved a revenue of 11.221 billion yuan in 2024, reflecting a growth of 20.14%, with R&D investment reaching 1.084 billion yuan, up 22.93% [16]. Industry Development Trends - The market size of the MOSFET industry is expected to continue expanding, particularly in the electric vehicle sector, where demand for high-performance MOSFETs is increasing [18]. - Technological innovation is accelerating, with third-generation semiconductor materials like SiC and GaN gaining traction, promising higher efficiency and performance [19][20]. - The trend of domestic substitution is strengthening, with local companies improving their competitiveness and reducing reliance on foreign products, while also integrating the supply chain [21].