苏州固锝本次发行的保荐机构为广发证券股份有限公司，保荐代表人为谭思敏、刘慧娟。 中国经济网北京1月15日讯 苏州固锝(002079.SZ)昨晚披露关于向特定对象发行股票申请获得深圳证 券交易所上市审核中心审核通过的公告称，公司于2026年1月14日收到深圳证券交易所出具的《关于苏 州固锝电子股份有限公司申请向特定对象发行股票的审核中心意见告知函》，深交所发行上市审核机构 对公司向特定对象发行股票的申请文件进行了审核，认为公司符合发行条件、上市条件和信息披露要 求，后续深交所将按规定报中国证券监督管理委员会履行相关注册程序。 公司本次向特定对象发行股票事项尚需获得中国证监会同意注册后方可实施，最终能否获得中国证 监会作出同意注册的决定及其时间尚存在不确定性，公司将根据该事项的进展情况按照相关规定及时履 行信息披露义务。 苏州固锝1月13日披露的2024年度向特定对象发行A股股票募集说明书(修订稿)显示，公司本次向特 定对象发行股票募集资金总额不超过88,680.00万元（含本数），将主要用于"苏州晶银新材料科技有限 公司年产太阳能电子浆料500吨项目"、"小信号产品封装与测试项目"、"固锝（苏州）创新研究院项 ...

Summary of Yangjie Technology Conference Call Company Overview - **Company**: Yangjie Technology - **Industry**: Automotive Electronics, Semiconductor Key Points Financial Performance - Automotive electronics revenue accounted for over 15% of total revenue, with a year-on-year growth exceeding 65% [2][4] - Revenue from consumer electronics and industrial markets grew by over 20% and 30%, respectively, benefiting from a favorable domestic economy and policy support [2][4] - Overseas revenue, driven by the launch of the Vietnam factory and release of overseas demand, accounted for over 26% of total revenue, with a year-on-year growth exceeding 30% [2][4] - Gross margin increased by over 4 percentage points year-on-year due to product mix optimization and cost reduction efforts, alongside a gain of over 60 million yuan from fair value changes in stocks, contributing to net profit growth [2][5] Future Growth Projections - The company aims to achieve revenue of 10 billion yuan or a net profit of no less than 1.5 billion yuan by 2027, with a projected compound annual growth rate (CAGR) of approximately 20% over the next 1-2 years and a gross margin of no less than 30% [2][6] - The HR segment is expected to maintain a high growth rate of 20%-30% [2][7] Strategic Initiatives - The company plans to complete the acquisition of Dongguan Better by December 2025, which has a higher gross margin than the parent company and is expected to significantly enhance overall gross margin post-consolidation [2][9] - Future capital expenditures will focus on the second phase of the Vietnam factory, expansion of 8-inch wafer production, and increased production of silicon carbide wafers and IGBT modules, shifting strategy from pure scale pursuit to maintaining and enhancing gross margin stability [3][23] Market Dynamics - The sanctions on Anshi Semiconductor may lead to order transfers to domestic manufacturers like Yangjie Technology, with the company already receiving inquiries from downstream customers and actively expanding product lines to meet demand [2][8][13] - The company is positioned to benefit from the potential overflow of orders from Anshi, particularly in the small signal product sector, where Yangjie ranks second globally [8][12][30] Competitive Landscape - The domestic power semiconductor industry has seen rapid growth since 2018, driven by a shift in strategy among leading domestic customers towards prioritizing domestic products [26] - Yangjie Technology has significant advantages in manufacturing capability and operational management, focusing on quality management and lean practices [27] International Expansion - The company plans to increase its overseas market share to 30% by 2027, 40% by 2030, and nearly 50% by 2035, reflecting a strategic response to post-pandemic market changes [28] - Overseas business currently contributes a gross margin of approximately 50%, highlighting the importance of international markets for overall profitability [29] Product Development - Yangjie has invested heavily in small signal products, with monthly production capacity of approximately 1 billion units in Vietnam and 2 billion units domestically, allowing for quick adaptation to new orders [16][17] - The company is also developing its energy storage business, which is expected to contribute significantly to revenue growth [18][19] Conclusion - Yangjie Technology is well-positioned for future growth, with strong performance in automotive electronics, strategic acquisitions, and a focus on expanding its international presence while maintaining robust gross margins and operational efficiency.