证券代码：300373 证券简称：扬杰科技 公告编号：2024-054 扬州扬杰电子科技股份有限公司 2024 年半年度权益分派实施公告 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： 2、本次权益分派实施后，根据股票市值不变的原则，按总股本（含回购股 份）折算每 10 股现金分红金额=本次现金分红总额/公司总股本（含回购股份） *10=140,607,163.32 元/543,347,787 股*10=2.587793 元/股（保留六位小数，最后 一位直接截取，不四舍五入）。本次权益分派实施后的除权除息价格=权益分派股 权登记日收盘价-0.2587793 元/股。 一、股东大会审议通过利润分配方案等情况 1、公司于 2024 年 9 月 13 日召开 2024 年第二次临时股东大会，审议通过了 公司 2024 年半年度利润分配方案，具体内容如下：以截至 2024 年 8 月 21 日扣 除回购专户中已回购股份后的总股本 540,796,782 股为基数，向全体股东每 10 股 派发现金红利 2.60 元（含税），合计派发现金股利 140,607, ...

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 2024 年第二次临时股东大会的 法律意见书 法律意见书 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 2024 年第二次临时股东大会的 法律意见书 致：扬州扬杰电子科技股份有限公司 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《上市公司股东大会规则》（2022 年修订） （以下简称"《股东大会规则》"）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 2024 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《股东大会规则》第五条的要求，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。 一、本次股东大会的召集和召开程序 2024 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2024-053 扬州扬杰电子科技股份有限公司 2024 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：2024 年 9 月 13 日（星期五）下午 14:30。 （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 2024 年 9 月 13 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 2024 年 9 月 13 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 ...

Investment Rating - The report maintains a "Buy" rating for the company [6][7]. Core Insights - The company reported a revenue of 2.865 billion yuan for the first half of 2024, representing a year-over-year increase of 9.16%. The net profit attributable to shareholders was 425 million yuan, up 3.43% year-over-year. In the second quarter of 2024, revenue reached 1.537 billion yuan, a year-over-year increase of 16.96%, and net profit was 244 million yuan, up 6.75% year-over-year [6][7]. - The company is experiencing strong demand in the automotive electronics and consumer electronics sectors, with overall orders and shipment volumes increasing year-over-year [6][7]. - The automotive electronics strategy is progressing steadily, with several products having passed automotive-grade reliability verification and others entering mass production [6][7]. - The company is enhancing its international market capabilities, with an increase in gross margin for overseas business, which rose to 45.62% in Q2 2024, up 3.74 percentage points from the previous year [6][7]. - The company is accelerating the development of third-generation semiconductors, with significant advancements in its 1200V SiC MOS platform [7]. Financial Summary - For the first half of 2024, the company achieved total revenue of 2.865 billion yuan, with a year-over-year growth rate of 9.2%. The projected revenue for 2024 is 6.159 billion yuan, with a growth rate of 13.8% [8]. - The net profit attributable to shareholders for 2024 is forecasted to be 951 million yuan, reflecting a year-over-year growth of 2.9% [8]. - The earnings per share for 2024 is estimated at 1.75 yuan, with a projected price-to-earnings ratio of 21 times [8].

公 司 研 究 [Table_invest] 买入（维持） 报告原因：业绩点评 [证券分析师 Table_Authors] 方霁 S0630523060001 fangji@longone.com.cn [Table_QuotePic] -25% -16% -7% 2% 11% 20% 29% 38% 23-08 23-11 24-02 24-05 扬杰科技 沪深300 [相关研究 Table_Report] 1.扬杰科技（300373）：2023Q4业绩 向好，产品结构优化及产能扩张并行 ——公司简评报告 2.扬杰科技（300373）：功率半导体 IDM国内领先，业务聚焦新能源高启 在即——公司深度报告 3.新能源打开IGBT天花板，新产能蓄 力国产企业新台阶——半导体行业 深度报告（三） 公 司 简 评 电 子 [数据日期 Table_cominfo] 2024/08/28 收盘价 34.75 总股本(万股) 54,301 流通A股/B股(万股) 54,189/0 资产负债率(%) 34.03% 市净率(倍) 2.16 净资产收益率(加权) 5.03 12个月内最高/最低价 45.00/32.48 [扬杰 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index within the next six months [12]. Core Views - The company is experiencing a short-term performance pressure, but several new products are set to enter mass production, indicating potential for growth [1]. - The overseas business is recovering, and the semiconductor industry is expected to see a rebound, leading to stable growth in H1 2024 [2]. - The company is actively promoting its products in various markets, including industrial, photovoltaic energy storage, new energy vehicles, and artificial intelligence, resulting in increased orders and shipments [4]. - The company is accelerating the construction of its Vietnam factory and expanding its overseas presence, which is expected to enhance its market share and brand recognition [4]. - The semiconductor demand is showing a mild recovery, particularly in automotive electronics and consumer electronics, which is anticipated to drive the company's growth [4]. Financial Summary - In H1 2024, the company achieved revenue of 2.865 billion yuan, a year-on-year increase of 9.16%, and a net profit of 425 million yuan, up 3.43% year-on-year [3]. - The company's gross margin for H1 2024 was 29.63%, with a net margin of 14.75% [4]. - The company expects its net profit for 2024 to be 975 million yuan, with EPS projected at 1.79 yuan per share [6][8].

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 45.3 CNY, compared to the current price of 34.33 CNY [2][3]. Core Views - The company's performance in Q2 2024 shows steady growth, with a year-on-year revenue increase of 16.96% and a quarter-on-quarter increase of 15.75% [2][3]. - The company benefits from strong domestic demand in the automotive and consumer electronics sectors, alongside a recovery in the industrial market and the end of inventory destocking in overseas markets [3]. - The dual-brand strategy ("YJ" for domestic and Asia-Pacific markets, "MCC" for Europe and America) is effectively expanding the company's international presence [3]. - The company's IDM (Integrated Device Manufacturer) system is continuously improving, enhancing its competitive edge in various product categories [3]. - Future revenue growth is expected from high-value new products as the company expands its production capacity [3]. Financial Summary - In H1 2024, the company achieved a total revenue of 2.865 billion CNY, a year-on-year increase of 9.16%, with a gross margin of 29.63% [2][3]. - For Q2 2024, the company reported a revenue of 1.537 billion CNY, with a net profit of 244 million CNY, reflecting a year-on-year increase of 6.75% [2][3]. - The forecast for net profit from 2024 to 2026 is 985 million CNY, 1.195 billion CNY, and 1.501 billion CNY, respectively, with corresponding EPS of 1.81 CNY, 2.20 CNY, and 2.76 CNY [4][3].

证券研究报告：电子 | 公司点评报告 2024 年 8 月 27 日 公司基本情况 总市值/流通市值（亿元）191 / 191 52 周内最高/最低价 44.36 / 32.82 资产负债率(%) 31.2% 市盈率 20.25 第一大股东 江苏扬杰投资有限公司 股票投资评级 买入|维持 个股表现 -22% -16% -10% -4% 2% 8% 14% 20% 26% 32% 2023-08 2023-11 2024-01 2024-03 2024-06 2024-08 扬杰科技 电子 资料来源：聚源，中邮证券研究所 最新收盘价（元） 35.23 总股本/流通股本（亿股）5.43 / 5.42 研究所 分析师:吴文吉 SAC 登记编号:S1340523050004 Email:wuwenji@cnpsec.com 研究助理:万玮 SAC 登记编号:S1340123050022 Email:wanwei@cnpsec.com 扬杰科技(300373) 单季度营收历史新高，持续发力汽车电子 ⚫ 事件 公司发布 2024 年半年报，上半年实现营收 28.65 亿元，同比增 长 9.16%；实现归母净利润 4.25 ...

证券研究报告 | 2024年08月26日 扬杰科技（300373.SZ） 优于大市 2Q24 毛利率环比提升 3.65pct，海外库存去化结束 公司 2Q24 营收、毛利率及扣非归母净利润均实现环比提升。公司主营产品 主要分为三大板块：材料板块（单晶硅棒、硅片、外延片）、晶圆板块（5 吋、6 吋、8 吋等各类芯片）及封装器件板块（MOSFET、IGBT、SiC 系列产品、 整流器件、保护器件、小信号及其他产品系列等），随需求回暖，公司 2Q24 年营收 15.4 亿元(YoY +17.0%，QoQ+15.8%)，扣非归母净利润 2.34 亿元 (YoY+2.1%，QoQ+24.66%)，毛利率 31.32%(YoY+1.80pct，QoQ+3.65pct)。 汽车份额渗透叠加工业、消费需求回暖推动营收增长，成本端逐步优化。1H24 公司在国内汽车电子应用中份额渗透，在消费电子应用端需求旺盛，工业市 场逐步改善，因此随下游温和复苏，上半年公司半导体器件收入同比增长 11.3%。在成本优化方面，公司直接人效同比提升 11%，设备综合利用率同比 提升 5.8%，标准成本及失效成本合计降本金额超 1.8 亿元。 1H ...

Investment Rating - The report maintains a "Buy" investment rating for the company [2][3] Core Views - The company achieved a revenue of 2.865 billion yuan in the first half of 2024, representing a year-on-year growth of 9.16% [2] - The net profit attributable to shareholders reached 425 million yuan, with a year-on-year increase of 3.43% [2] - The gross profit margin improved to 31.32%, an increase of 3.65 percentage points quarter-on-quarter, driven by enhanced overseas demand and cost reduction measures [2] - The company is accelerating its overseas expansion, with its Vietnam factory reaching the topping-out stage and expected to commence production in early 2025 [2][3] - The company is deepening its automotive electronics strategy, focusing on new energy vehicle applications and developing key technologies for high-voltage modules [2][3] Summary by Sections Financial Performance - In the first half of 2024, the company reported a revenue of 2.865 billion yuan, a 9.16% increase year-on-year [2] - The net profit attributable to shareholders was 425 million yuan, up 3.43% year-on-year [2] - The gross profit margin improved to 31.32%, reflecting effective cost control and product expansion [2] Future Projections - Revenue forecasts for 2024, 2025, and 2026 are 6.413 billion yuan, 7.844 billion yuan, and 9.288 billion yuan, respectively, with corresponding EPS of 1.86 yuan, 2.33 yuan, and 2.89 yuan [3] - The current stock price corresponds to a PE ratio of 19.3, 15.4, and 12.4 for the years 2024, 2025, and 2026, indicating a favorable valuation as the company expands its overseas operations [3] Strategic Initiatives - The company is implementing a dual-brand strategy, promoting "MCC" products in Europe and America, while focusing on "YJ" products in China and the Asia-Pacific region [2] - The company has established 12 sales and technical service centers in key markets, enhancing its strategic partnerships with top clients [2] - The automotive electronics strategy is being reinforced, with significant deliveries of high-voltage components to automotive clients [2][3]