Investment Rating - The investment rating for the company is "Outperform the Market" [6] Core Views - The company achieved a record high revenue in Q2 2025, with a total revenue of 34.55 billion yuan in 1H25, representing a year-on-year increase of 20.58%. The net profit attributable to the parent company was 6.01 billion yuan, up 41.55% year-on-year [1] - The automotive electronics sector continues to grow rapidly, with the company being recognized among the top 50 automotive chip manufacturers and gaining certifications from several international Tier 1 clients [2] - The overseas business saw a significant increase of 35% year-on-year, with revenue reaching 8.34 billion yuan in 1H25, accounting for approximately 24% of total revenue [3] - The company is expanding its product offerings in the SiC (Silicon Carbide) sector, with a completed share buyback plan of 40.98 million yuan and a proposed dividend of 4.2 yuan per 10 shares [3] Summary by Sections Financial Performance - In Q2 2025, the company reported a revenue of 18.76 billion yuan, a year-on-year increase of 22.02% and a quarter-on-quarter increase of 18.79%. The net profit for the quarter was 3.28 billion yuan, reflecting a year-on-year growth of 34.4% and a quarter-on-quarter growth of 20.3% [1] - The gross margin improved to 33.1%, with a year-on-year increase of 1.78 percentage points [1] Business Growth - The automotive electronics segment is experiencing robust growth, driven by policies promoting the replacement of old products and a recovery in industrial demand. The company has established a fully automated production line for automotive power modules [2] - The overseas market is expanding, with the company's MCC brand products targeting the European and American markets through a combination of online and offline sales channels [3] Future Outlook - The company is expected to achieve net profits of 1.24 billion yuan, 1.45 billion yuan, and 1.70 billion yuan for the years 2025 to 2027, respectively, with corresponding PE ratios of 28, 24, and 20 [4] - The gross margin is anticipated to gradually increase as the share of overseas business rises and production capacity in Vietnam is released [3]

Core Viewpoint - The article provides an overview of the semiconductor manufacturing capacity distribution in mainland China, highlighting key players, their production capacities, and technological focuses in various regions [6]. Group 1: Capacity Distribution - The total production capacity in the Yangtze River Delta region is 91.7 billion, accounting for 42.1% of the national total, with major contributions from companies like SMIC (19.8 billion) and Huahong Semiconductor (15.4 billion) [6]. - The Bohai Rim region has a total capacity of 40.4 billion, representing 18.6% of the national total, with significant players including Intel Dalian (9.0 billion) and Changjiang Storage (12.0 billion) [6]. - The Pearl River Delta region has a total capacity of 23.3 billion, contributing 10.7% to the national total, with key companies like Guangzhou Guangxin Microelectronics (2.4 billion) and Xiamen United Semiconductor (4.0 billion) [6]. Group 2: Key Technologies and Products - The article mentions that the semiconductor industry in China is focusing on various technologies, including advanced logic (14nm), power devices, and emerging storage technologies like MRAM [6]. - Companies are diversifying their product offerings, with a focus on automotive electronics, industrial control chips, and consumer-grade logic ICs [6]. - The production of NAND flash memory and DRAM is highlighted as a significant area of growth, with companies like Changjiang Storage and Micron leading in this segment [6].

江苏泰和律师事务所 关于扬州扬杰电子科技股份有限公司 2025 年第二次临时股东大会的 法律意见书 法律意见书 1 法律意见书 江苏泰和律师事务所 关于扬州扬杰电子科技股份有限公司 2025 年第二次临时股东大会的 根据《中华人民共和国证券法》《中华人民共和国公司法》（以下简称"《公 司法》"）、中国证券监督管理委员会《上市公司股东会规则》（以下简称"《股东 会规则》"）等法律、法规、规范性文件和《扬州扬杰电子科技股份有限公司章 程》（以下简称"《公司章程》"）的有关规定，江苏泰和律师事务所（以下简称"本 所"）接受扬州扬杰电子科技股份有限公司（以下简称"公司"）的委托，指派颜 爱中律师、唐勇律师（以下称"本所律师"）对公司 2025 年第二次临时股东大会 （以下简称"本次股东大会"、"会议"）进行见证，并依法出具本法律意见书。 本所律师根据《股东会规则》第六条的要求，出席了本次股东大会并按照律 师行业公认的业务标准、道德规范和勤勉尽责精神，对与本次股东大会召开有关 的文件和事实进行了核查和验证。 本所律师现就本次股东大会的召集和召开程序、出席会议人员和会议召集人 的资格、会议的表决程序、表决结果的合法性、有 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-067 扬州扬杰电子科技股份有限公司 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。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会未涉及变更前次股东大会决议的情形。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间 （1）现场会议时间：2025 年 9 月 5 日（星期五）下午 13:30。 （2）网络投票时间：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 5 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所 互联网投票系统进行网络投票的具体时间为 2025 年 9 月 5 日 9：15-15：00。 2、现场会议召开地点：江苏省扬州市邗江区新甘泉路 68 号扬杰科技 5 号厂 区办公楼三楼会议室。 3、会议召开方式：本次股东大会采取现场表决和网络投票相结合的方式召 开。 4、会议召集人：公司董事会。 5、会议主持人：公司董事长梁勤女士。 会议的召集、召 ...

Group 1 - The core point of the article is that Yangjie Technology (300373) has reported its total number of shareholders as exceeding 62,000 as of August 29 [1]

Group 1 - The company announced that its MCC (Vietnam) factory's first phase has achieved full production capacity [2] - The second phase of the project is currently in the ramp-up stage after the production line was connected in mid-year [2]

Core Viewpoint - The company, Yangjie Technology, is currently operating at a high capacity utilization rate, essentially at full production status [1] Company Summary - Yangjie Technology's capacity utilization rate is reported to be at a high level, indicating strong operational efficiency and demand for its products [1]

Core Viewpoint - Yangjie Technology's stock has shown significant volatility, with a year-to-date increase of 42.39% but a recent decline of 9.96% over the past five trading days [1] Financial Performance - For the first half of 2025, Yangjie Technology reported revenue of 3.455 billion yuan, a year-on-year increase of 20.58%, and a net profit attributable to shareholders of 601 million yuan, reflecting a growth of 41.55% [2] - Cumulative cash dividends since the company's A-share listing amount to 1.488 billion yuan, with 952 million yuan distributed over the past three years [3] Shareholder Structure - As of August 29, 2025, the number of shareholders increased to 62,000, up by 16.98%, while the average number of tradable shares per person decreased by 14.52% to 8,744 shares [2] - Major shareholders include Hong Kong Central Clearing Limited, holding 7.9215 million shares, and E Fund's ChiNext ETF, holding 7.2009 million shares, with notable changes in their holdings [3] Stock Performance - As of September 5, 2025, Yangjie Technology's stock price was 61.40 yuan per share, with a market capitalization of 33.362 billion yuan [1] - The stock experienced a trading volume of 322 million yuan and a turnover rate of 0.98% on the same day [1] Business Overview - Yangjie Technology, established on August 2, 2006, specializes in the research, production, and sales of power semiconductor wafers, chips, and devices, as well as integrated circuit packaging and testing [1] - The company's main revenue sources include semiconductor devices (88.05%), semiconductor chips (7.34%), and semiconductor wafers (2.59%) [1] Industry Position - Yangjie Technology is classified under the semiconductor industry, specifically in the electronic sector focusing on discrete devices, and is involved in various concept sectors such as integrated circuits and automotive chips [1]

董秘回答(扬杰科技SZ300373)： 您好，感谢您的建议，公司将严格按规定履行信息披露义务。谢谢。查看更多董秘问答>> 登录新浪财经APP 搜索【信披】查看更多考评等级 投资者提问： 公司股价大跌，请尽快公布三季报预告，稳定市值 免责声明：本信息由新浪财经从公开信息中摘录，不构成任何投资建议；新浪财经不保证数据的准确 性，内容仅供参考。 ...

Group 1 - The core viewpoint of the news is that Yangjie Technology experienced a decline in stock price, dropping by 5.05% to 60.41 CNY per share, with a trading volume of 679 million CNY and a turnover rate of 2.02%, resulting in a total market capitalization of 32.824 billion CNY [1] - Yangjie Technology, established on August 2, 2006, and listed on January 23, 2014, specializes in the research, production, and sales of power semiconductor wafers, chips, and devices, as well as integrated circuit packaging and testing in the mid-to-high-end sector [1] - The revenue composition of Yangjie Technology is as follows: semiconductor devices account for 88.05%, semiconductor chips 7.34%, semiconductor wafers 2.59%, and others 2.02% [1] Group 2 - From the perspective of fund holdings, one fund under Great Wall Fund has a significant position in Yangjie Technology, specifically the Great Wall CSI 500 Index Enhanced A (006048), which held 153,800 shares in the second quarter, representing 1.14% of the fund's net value, ranking as the tenth largest holding [2] - The Great Wall CSI 500 Index Enhanced A fund has a current scale of 216 million CNY and has achieved a year-to-date return of 25.94%, ranking 1493 out of 4222 in its category, with a one-year return of 54.24%, ranking 1459 out of 3789 [2]