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].

Investment Rating - The report suggests a positive outlook for the silicon carbide (SiC) industry, indicating an "Overweight" rating for the sector, as it is expected to outperform the overall market [58]. Core Insights - Silicon carbide (SiC) exhibits advantages such as high temperature and pressure resistance, with significant potential for increased penetration. The penetration rate of SiC materials is projected to rise from 4% in 2020 to 15% by 2024 [3][8]. - The competitive landscape for SiC is shifting, with major overseas manufacturers reducing operations, which may lead to a more consolidated market [9][12]. - Domestic manufacturers are breaking monopolies across various segments of the SiC supply chain, showing strong growth and development [3][37]. Summary by Sections 1. Advantages of Silicon Carbide - SiC has superior breakdown electric field strength, saturation electron drift rate, thermal conductivity, and thermal stability compared to silicon, making it suitable for high-voltage, high-frequency, and high-power applications [3][8]. - The global penetration rate of SiC materials is expected to reach 15% by 2024, indicating a substantial growth opportunity [3][8]. 2. Competitive Landscape - Major overseas companies like Wolfspeed and Renesas Electronics are scaling back operations, which may lead to a more concentrated competitive environment [9][12]. - Domestic companies are gaining ground in substrate and epitaxy segments, with firms like BYD Semiconductor and others showing robust growth in SiC module production [3][37]. 3. Investment Opportunities - The report highlights several key players to watch, including Tianke Heda in the substrate segment, Tianyu Semiconductor in the epitaxy segment, and Xilinx Integration and Basic Semiconductor in the device segment [3][37]. - The AR glasses market is identified as a new growth avenue for SiC substrates, with potential demand reaching millions of units by 2030 [20][23]. 4. Market Growth Projections - The SiC power device market is projected to grow from $1.09 billion in 2021 to $6.3 billion by 2027, with a compound annual growth rate (CAGR) of 34% [36]. - The number of vehicle models using SiC power devices is expected to increase significantly, from 1 model in 2019 to over 200 models by 2024 [34][36].

特别提示： 1、扬州扬杰电子科技股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日 披露的《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》（以下简称"本次交易预案"）及其摘要中已对本次交易涉及的有关风险 因素及尚需履行的审批程序进行了详细说明，公司将根据相关事项的进展情况，及时 履行信息披露义务，提请广大投资者关注后续进展公告并注意投资风险。 2、截至本公告披露之日，除本次交易预案披露的风险因素外，公司尚未发现可 能导致公司董事会或者交易对方撤销、中止本次交易或者对本次交易方案作出实质 性变更的相关事项。本次交易相关工作正在有序进行中，公司将根据相关事项的进展 情况，及时履行信息披露义务。 证券代码：300373 证券简称：扬杰科技 公告编号：2025-049 扬州扬杰电子科技股份有限公司 关于筹划发行股份及支付现金购买资产并募集配套资金事项的 进展公告 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。 一、本次交易概述 公司正在筹划以发行股份及支付现金方式购买东莞市贝特电子科技股份有限公 司 100%股权（以下简称 ...

Investment Rating - The investment rating for CR Micro (688396.SS) has been upgraded from Underweight to Equal-weight with a target price increase from Rmb28.10 to Rmb40.00 [3][5]. Core Insights - The report identifies three key investment themes in the Chinese automotive semiconductor sector: Power Discrete Devices, Advanced Driver Assistance Systems (ADAS), and Microcontrollers (MCU) [4][23]. - China's electric vehicle (EV) market is projected to grow significantly, with EV penetration expected to rise from 28% in 2024 to 42% by 2030, indicating a strong demand for automotive semiconductors [3][27]. - The report emphasizes the importance of localization in the semiconductor supply chain, noting that most global automotive chip companies are still in the early stages of implementing localization strategies in China [4][28]. Summary by Sections Investment Themes - The three key investment areas are: 1. **Power Discrete Devices**: Chinese companies have made solid progress in IGBT and SiC substrates, with opportunities in MOSFET and SiC devices [4][40]. 2. **ADAS**: The ADAS SoC market is expected to have the highest compound annual growth rate (CAGR), benefiting various suppliers including SoC vendors and peripheral chip manufacturers [4][24]. 3. **MCU**: The self-sufficiency rate for automotive MCUs is very low, at less than 5% in 2024, indicating significant growth potential for leading local companies [4][41]. Market Dynamics - China consumed 56% of the global electric vehicle production, and the report forecasts that the domestic automotive semiconductor market will continue to grow faster than global peers due to the increasing demand for EVs and government support for supply chain localization [3][27]. - The report highlights that the automotive semiconductor supply chain in Greater China currently accounts for less than 5% of the global supply, with a self-sufficiency rate of only 15% [37][38]. Company Ratings and Strategies - The report recommends specific companies for investment based on their positions in the identified themes: - **Power Semi**: Companies like Starpower (603290.SS), Yangjie Technology (300373.SZ), and SICC (688234.SS) are highlighted for their growth potential [5][23]. - **ADAS**: Companies such as Horizon Robotics (9660.HK) and Will Semiconductor (603501.SS) are noted for their strong positions in the ADAS market [5][23]. - **MCU**: GigaDevice (603986.SS) is recognized for its potential to benefit from localization trends [5][23]. Future Projections - The report anticipates that by 2027, the self-sufficiency rate for automotive chips in China will reach 28%, reflecting the ongoing efforts to enhance local production capabilities [16][53]. - The expected growth in the electric vehicle market is projected to triple by 2030, with significant implications for the semiconductor industry [33][34].

Group 1 - The three major indices experienced a significant adjustment, with the Shanghai Composite Index down 0.79%, the Shenzhen Component down 1.21%, and the ChiNext Index down 1.36%. Over 600 stocks rose, with a total trading volume of approximately 1.25 trillion yuan [2] - Oil and gas concept stocks surged, with Shouhua Gas rising by 20%, Tongyuan Petroleum up over 11%, and other companies like Junyou Co., Zhongman Petroleum, and CNOOC Services also seeing gains. The rise in international oil prices is attributed to the conflict between Iran and Israel, with potential U.S. intervention leading to further price increases [2] - The film and television industry saw strong performance, with companies like Baina Qiancheng and Ciweng Media rising by 20% and 10% respectively. Baina Qiancheng signed a film authorization contract worth 372 million yuan, which is expected to significantly boost its 2025 performance [2] Group 2 - The semiconductor and PCB sectors also showed strength, with Juxin Technology rising by 13.8% and Nord Shares by 10%. A recent report from CITIC Securities highlighted the challenges in obtaining advanced manufacturing and packaging capacity overseas, indicating a strong demand and weak supply situation in the domestic semiconductor industry [3] - The previously popular sectors such as controlled nuclear fusion, rare earth permanent magnets, and digital currency saw declines, with companies like Hezhong Intelligent and Hailian Jinhui dropping by 10% and over 7% respectively [3][4] - Other sectors including non-ferrous metals, healthcare, real estate, and securities also weakened, with companies like Dongfang Caifu and Vanke A experiencing declines [4]