Core Viewpoint - Jin Haitong (603061.SH) announced an adjustment to its related party transaction limits, increasing the total amount for 2025 with Tongfu Microelectronics Co., Ltd. and its subsidiaries from 95.4 million yuan to 110.4 million yuan [1] Summary by Categories Transaction Adjustments - The sales limit to Tongfu Microelectronics is increased by up to 10 million yuan to 37 million yuan, while the sales limit to Tongfu Tongke Microelectronics (Nantong) Co., Ltd. is increased by up to 5 million yuan to 31 million yuan [1] - For the period from January to October 2025, the actual sales amount to related parties reached 70.4512 million yuan [1] Future Projections - The estimated total related party transactions for 2026 with the Tongfu Microelectronics system is expected to not exceed 160 million yuan [1] - Including the approved leasing amount of 14.4 million yuan to Shanghai Xinpeng Industrial Co., Ltd., the total expected related party transactions for 2026 is projected to be no more than 174.4 million yuan [1] Strategic Importance - The Tongfu Microelectronics system is a significant customer for Jin Haitong, and this adjustment in transaction limits supports the ongoing expansion of core businesses such as semiconductor testing and sorting machines [1]

Core Viewpoint - Jinhaitong reported a significant increase in net profit and revenue for the third quarter, driven by the recovery in demand for semiconductor packaging and testing equipment, particularly in the sales of testing sorting machines [1] Financial Performance - The company's revenue for the third quarter reached 174 million, representing a year-on-year increase of 137.97% [1] - Net profit for the third quarter was 48.98 million, showing a remarkable year-on-year growth of 832.58% [1] - For the first three quarters, total revenue amounted to 482 million, reflecting a year-on-year increase of 87.88% [1] - Net profit for the first three quarters was 125 million, which is a year-on-year increase of 178.18% [1] Industry Impact - The growth in performance is primarily attributed to the recovery in the semiconductor packaging and testing equipment sector, indicating a positive trend in industry demand [1] - The increase in sales of testing sorting machines has been a significant contributor to the company's revenue growth [1]

Core Viewpoint - The company plans to terminate a fundraising project related to the production of semiconductor testing equipment and will manage the remaining funds in a dedicated account while seeking new investment opportunities [5][11]. Meeting Details - The first extraordinary general meeting of shareholders for 2025 is scheduled for June 16, 2025, in Shanghai, with registration from 14:00 to 14:30 and the meeting starting at 14:30 [1]. - Shareholders registered by June 10, 2025, are eligible to attend and vote, either in person or by proxy [1][4]. Agenda Items - The meeting will include the election of vote counters and monitors, discussion of the termination of certain fundraising projects, and a vote on the proposed resolutions [2][3]. - The main resolution involves terminating the project for producing 1,000 sets of semiconductor testing machine components and managing the remaining funds accordingly [3][12]. Fundraising Project Overview - The company raised approximately 746.81 million yuan from a public offering in February 2023, with the funds intended for various projects [5][6]. - As of May 19, 2025, the company had invested 78.61 million yuan in the terminated project, which was initially planned to enhance production capacity for semiconductor testing equipment [6][8]. Reasons for Project Termination - The decision to terminate the project is based on slower-than-expected progress due to external economic factors and challenges in supplier negotiations [7][10]. - The company aims to strengthen its supply chain management and improve cost efficiency by shifting to external suppliers for component production [9][11]. Future Fund Management - Remaining funds will continue to be stored in a dedicated account, with the company planning to explore new investment projects that align with its strategic goals [11][12]. - The company emphasizes that this decision is in line with its operational needs and will not harm shareholder interests [11][12].

Core Viewpoint - The company has decided to terminate part of its fundraising projects and will continue to manage the remaining funds in a dedicated account, ensuring compliance with regulatory requirements and aligning with its strategic development needs [1][8]. Fundraising Overview - The company raised a total of 1,500 million RMB by issuing 15,000,000 shares at a price of 58.58 RMB per share, with actual funds amounting to 874.81 million RMB after deducting issuance costs [1]. - As of May 19, 2025, the cumulative investment in the semiconductor testing equipment project was 478.61 million RMB out of a planned total of 746.81 million RMB [1]. Project Termination Details - The project for producing 1,000 sets of semiconductor testing sorting machine components was planned with a total investment of 110.66 million RMB, but the implementation has been slower than expected due to external economic factors [2][3]. - The company has decided to extend the project's completion date to November 2025, with independent directors and the sponsor institution agreeing to this decision [2][8]. Reasons for Project Termination - The company aims to strengthen its supply chain management and ensure timely delivery of components, which has led to the decision to self-manufacture rather than rely on external suppliers [3][4]. - The initial assumptions regarding market demand and industry policies have not changed significantly, indicating that the project's necessity and feasibility remain intact [4][5]. Future Use of Remaining Funds - The remaining funds will be kept in a dedicated account, and the company plans to seek new investment opportunities while evaluating existing projects for potential additional investments [7][8]. Impact of Project Termination - The decision to terminate the project and manage the remaining funds aligns with the company's strategic goals and does not harm shareholder interests, promoting stable and healthy development of the main business [7][8]. Review Procedures - The termination of the project and management of remaining funds have been approved by the company's board and supervisory committee, pending shareholder approval [8].