Group 1 - The overall consumer price index (CPI) showed a slight decline in May, with a month-on-month decrease of 0.2% and a year-on-year decrease of 0.1%, influenced by seasonal factors and falling oil prices [1][2] - Core CPI, excluding food and energy, increased by 0.6% year-on-year, indicating a strengthening demand in certain sectors, supported by holiday consumption and a recovery in travel services [2][3] - Energy prices fell by 1.7% month-on-month, contributing significantly to the overall CPI decline, with a year-on-year decrease of 6.1% [1][2] Group 2 - Food prices decreased by 0.2% month-on-month, with fresh vegetable prices dropping by 5.9%, while some fresh fruits and fish saw price increases due to supply constraints [2][3] - The producer price index (PPI) decreased by 0.4% month-on-month and 3.3% year-on-year, but some sectors showed positive price trends, particularly in consumer goods [3][4] - Prices in high-tech industries, such as integrated circuits and wearable devices, increased year-on-year, reflecting a shift towards high-end, intelligent, and green production [4][5] Group 3 - The demand for high-tech products is growing, leading to price increases in related industries, while the prices in the solar and lithium battery sectors showed a narrowing decline [5] - The positive impact of macroeconomic policies is expected to further stimulate domestic demand and promote reasonable price recovery in the future [5]

Core CPI and Economic Policy - The core CPI shows a steady upward trend, reflecting the effectiveness of macroeconomic policies and the increasing impact of domestic demand on prices [1][5] - In May, the core CPI excluding food and energy prices rose by 0.6% year-on-year, an increase of 0.1 percentage points from the previous month [2][4] CPI and PPI Trends - In May, the CPI decreased by 0.2% month-on-month and 0.1% year-on-year, while the PPI fell by 0.4% month-on-month and 3.3% year-on-year, with the year-on-year decline widening by 0.6 percentage points [2][7] - Energy prices dropped by 6.1% year-on-year, contributing approximately 0.47 percentage points to the CPI decline [4] Food Prices and Consumer Demand - Food prices decreased by 0.4% year-on-year, with pork prices rising by 3.1% but showing a decline in growth rate compared to the previous month [4] - The analysis indicates that consumer demand is in a critical recovery phase, with expectations of gradual improvement in consumption as counter-cyclical policies take effect [4][5] Sector-Specific Price Movements - Certain sectors are experiencing marginal price improvements, with some consumer goods seeing price stabilization or increases [8] - High-tech product demand is expanding, leading to price increases in sectors such as integrated circuits and aircraft manufacturing [8] Future Price Outlook - Short-term inflation may face dual pressures, with expectations of continued negative growth in CPI and PPI in the second and third quarters [9] - Recent financial policies may signal the start of a new round of incremental policies aimed at stabilizing employment, businesses, and market expectations [9]

Group 1: CPI Analysis - In May, the Consumer Price Index (CPI) decreased by 0.2% month-on-month and by 0.1% year-on-year, while the core CPI, excluding food and energy, increased by 0.6%, with the growth rate expanding by 0.1 percentage points compared to the previous month [1][2][3] - The month-on-month decline in CPI was primarily driven by a 1.7% decrease in energy prices, which accounted for approximately 70% of the total decline in CPI [2] - Food prices fell by 0.2%, with seasonal vegetables seeing a 5.9% price drop, while prices for eggs, pork, and poultry slightly decreased by 0.3% to 1.0% [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 0.4% month-on-month and by 3.3% year-on-year, with the year-on-year decline expanding by 0.6 percentage points compared to the previous month [1][4][5] - The month-on-month PPI decline was influenced by international factors, including a 5.6% drop in oil and gas extraction prices and a 3.5% decrease in refined oil product manufacturing prices [4] - Some sectors showed marginal price improvements, with consumer demand policies positively impacting prices in certain industries, such as a 12.8% increase in the price of arts and crafts and a 0.8% rise in footwear manufacturing [5]

Group 1: CPI Analysis - The Consumer Price Index (CPI) decreased by 0.2% month-on-month and 0.1% year-on-year in May, with the core CPI (excluding food and energy) increasing by 0.6% year-on-year, an expansion of 0.1 percentage points from the previous month [1][2][3] - The month-on-month decline in CPI was primarily driven by a 1.7% decrease in energy prices, which accounted for approximately 70% of the total decline [2][3] - Food prices fell by 0.2%, with seasonal vegetables seeing a 5.9% price drop, while hotel accommodation and tourism prices rose by 4.6% and 0.8%, respectively, indicating a recovery in consumer demand [2][3] Group 2: PPI Analysis - The Producer Price Index (PPI) decreased by 0.4% month-on-month and 3.3% year-on-year, with the year-on-year decline expanding by 0.6 percentage points compared to the previous month [1][4][5] - The month-on-month PPI decline was influenced by international factors, including a 5.6% drop in oil and gas extraction prices, which contributed significantly to the overall decline [4][5] - Despite the overall decline, some sectors showed positive price movements, with consumer goods prices stabilizing and certain industries, such as high-end equipment manufacturing, experiencing price increases due to improved demand [5]

Fundraising Utilization Plan - The company plans to invest the raised funds in two main projects: "High-Density QFN/DFN Packaging Material Industrialization Project" and "R&D Center Expansion and Upgrade Project" with a total investment of 518.63 million yuan [1][2] - The total amount of funds raised, after deducting issuance costs, will be fully allocated to these projects [2] Fund Management System - The company has established a management system for the raised funds, which includes regulations on special account storage, usage, changes in fund purposes, management, and supervision [2] - The board of directors is responsible for the effective execution of the fundraising management system, ensuring that the funds are stored in a designated special account [2] Project Timeline and Progress - The construction period for the High-Density QFN/DFN Packaging Material Industrialization Project is 24 months, involving engineering design, civil engineering, equipment procurement, and trial operation [2] - The R&D Center Expansion Project has a construction period of 18 months, focusing on engineering design, renovation, and equipment installation [2] Environmental Impact - The High-Density QFN/DFN Packaging Material Industrialization Project will produce minimal wastewater and waste, with noise levels meeting national standards [3] - The R&D Center Expansion Project will primarily generate solid waste such as paper, with no significant environmental pollution expected during its operation [3]

Group 1: Investor Relations Activity Overview - The investor relations activity was conducted online on May 21, 2025, as part of the "2025 Jiangxi Listed Companies Online Collective Reception Day" [3] - Participants included investors attending the online event, with key company representatives being General Manager Liao Yiqiang and Financial Officer Hou Changxing [3] Group 2: Key Investor Questions and Responses - **Question 1**: The company has approximately CNY 239 million in unconfirmed revenue orders as of the end of 2024, with future performance to be detailed in regular reports [5] - **Question 2**: The company plans to leverage government and client resources to support the development of Jiujing Huawi Chip, which focuses on integrated circuit packaging and testing [6] - **Question 3**: The main business direction remains engineering design, with the addition of integrated circuit services following the acquisition of a 51% stake in Jiujing Huawi Chip [7] - **Question 4**: The company emphasizes the importance of market value management, aiming to enhance information disclosure quality and investor relations [9] Group 3: Financial and Operational Goals - The company aims to maintain a differentiated business strategy while exploring new profit growth points under low-risk conditions [7] - Jiujing Huawi Chip is expected to benefit from a reduced corporate income tax rate of 15% from 2023 to 2025 due to its status as a high-tech enterprise [6]

Economic Performance - In April, China's industrial added value above designated size grew by 6.1% year-on-year, with equipment manufacturing and high-tech manufacturing increasing by 9.8% and 10.0% respectively [1][3] - From January to April, infrastructure investment rose by 5.8% and manufacturing investment increased by 8.8%, indicating a stable growth trajectory [1][3] Trade and Export - Despite external pressures, China's foreign trade maintained steady growth, with total goods import and export value increasing by 2.4% year-on-year from January to April [3][5] - Exports of electromechanical products grew by 9.5% in the first four months, showcasing resilience in the face of trade tensions [5] Employment Situation - The urban unemployment rate in April was 5.1%, a slight decrease from the previous month, indicating overall stability in the job market [4] - However, structural employment issues persist, particularly among the youth, highlighting a mismatch in labor supply and demand [4] Consumer Market - Social retail sales increased by 5.1% year-on-year in April, supported by consumption policies, although the growth rate showed signs of slowing compared to previous months [7] - The sales of home appliances and related goods saw significant increases, with some categories growing by over 30% [7] Price Stability - The Consumer Price Index (CPI) in April showed a slight year-on-year decline of 0.1%, influenced by falling international oil prices, while core CPI remained stable [8] - Producer Price Index (PPI) experienced a year-on-year decline of 2.7%, indicating pressures on production costs [8] Macroeconomic Policies - The effectiveness of macroeconomic policies has been crucial in stabilizing the economy, with a series of measures aimed at boosting demand and supporting production [9][10] - The government has implemented policies to assist enterprises affected by tariffs, promoting diversification in foreign trade markets [10]

FANGDA PARTNERS http://www.fangdalaw.com 上海市方达（北京）律师事务所（以下简称"本所"）是具有中华人民共和国 境内法律执业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席甬 矽电子（宁波）股份有限公司（以下简称"公司"）2024 年年度股东大会（以下简 称"本次股东大会"），并就本次股东大会的召集和召开程序、参与表决和召集会 议人员的资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书依据《中华人民共和国公司法》 《中华人民共和国证券法》 《上 市公司股东会规则》及其他相关中华人民共和国境内已公开颁布并生效的法律、 法规、规章及规范性文件（以下合称"中国法律法规"，仅为本法律意见书说明之 目的，不包括中国香港特别行政区、中国澳门特别行政区和中国台湾地区的法律、 法规）以及《甬矽电子（宁波）股份有限公司章程》（以下简称"《公司章程》"） 的规定出具。 本法律意见书仅就本次股东大会的召集和召开程序、出席会议人员、召集人、 表决程序是否符合相关中国法律法规及《公司章程》的规定以及表决结果是否合 法、有效发表意见，并不对任何中国法律法规以外的国家或地区的 ...

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on May 9, 2025, from 15:00 to 17:00 at the China Securities Roadshow Center [3] - Participants included the Chairman, General Manager, Financial Officer, and Sponsor Representative of the company [3] Group 2: Company Strategy and Business Development - The company plans to maintain its primary focus on engineering design while expanding into the semiconductor sector through the acquisition of a 51% stake in Jiujiang Huawi Chip [5] - The company aims to implement a "differentiated" business strategy to explore new profit growth points while managing risks and costs [5][8] Group 3: Semiconductor Business Insights - Jiujiang Huawi Chip's operations include various integrated circuit packaging and testing processes, which are currently running smoothly [6] - The company is leveraging its government and customer resources in Jiangxi Province to support the growth of its semiconductor business [5] Group 4: Financial Management and Debt Collection - The company is actively managing receivables and enhancing communication with clients to improve cash flow [7] - The national debt relief policy is expected to positively impact the collection of receivables and the initiation of new projects [7] Group 5: Shareholder Returns and Dividend Policy - The proposed cash dividend for the 2024 fiscal year is set at 1.45 CNY per 10 shares, based on retained earnings [10] - The dividend policy aligns with regulatory requirements and is subject to approval at the 2024 annual shareholder meeting [10]

证券代码：688216 证券简称：气派科技 公告编号：2025-017 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ??会议召开时间：2025 年 05 月 20 日 （星期二） 16:00-17:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 气派科技股份有限公司 ??投资者可于 2025 年 05 月 13 日 （星期二） 至 05 月 19 日 （星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@chippacking.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 气派科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 26 日发布了 公司 2024 年年度报告和 2025 年第一季度报告，为便于广大投资者更全面深入地 了解公司 2024 年度和 ...