② 创业板领涨， 通达海(+20.00%)/隆扬电子(+12.92%)/中文在线(+10.86%)/ ③科创板领涨， 山大地纬(+4.47%)/当虹科技(+4.25%)/长光华芯 (+4.05%)/ ④活跃子行业， SW大众出版(+3.44%)/SW影视动漫制作(+1.68%)/ 国内新闻 行情速递 ① 主板领涨， 华媒控股(+10.10%)/大智慧(+10.04%)/信雅达(+10.01%)/天融信(+10.00%)/欢 瑞世纪(+10.00%)/ ① 艾邦半导体网，晶能官微消息/公司近日与中车时代半导体正式签署战略 合作协议/双方将围绕Si/SiC/GaN等功率半导体器件的芯片设计/工艺创新/ 模块封装及测试验证等关键领域展开全方位深度合作/共同推动功率半导体技 术的创新突破与产业化落地/ ② 大话芯片，据橙科微创始人/董事长王珲介绍/其50G速率DSP芯片已实现 规模化出货/覆盖国内5G模组厂商及三大电信运营商/并计划于2025年推出 100G系列DSP芯片/同步推进400G/800G PAM4 DSP芯片量产及1.6T PAM4 DSP芯片研发/ ① 半导体产业纵横，全球晶圆代工巨头格芯宣布已达成最终 ...

2025年6月9日，闻泰科技（600745）第二次临时股东大会高票通过重大资产出售议案，标志着其向纯半 导体企业的战略转型逐步迈向实质落地，未来还需要履行交割相关程序。本次战略转型不仅重塑了企业 增长曲线，更以员工稳定、产业链协同、技术自主为责任基石，为中国科技产业转型提供范本。 半年破局：从危机应对到战略重塑 2024年末，受美国实体清单影响，闻泰科技迅速启动战略转型，计划向立讯有限或其指定受让方转让产 品集成业务相关公司股权及资产。 短短半年内，相关交易高效推进：2025年1月，率先出售嘉兴永瑞等3家公司股权及债权；5月17日公布 重组草案，明确出售昆明闻讯等5家公司100%股权、无锡闻泰等3家公司业务资产包的交易方案；6月9 日，重组议案高票通过，充分体现了各方股东对本次重组的高度认可，以及对公司未来发展的坚定信 心。 这场交易堪称多赢典范：既捍卫了中国消费电子制造的全球竞争力，又助力闻泰卸下重担，得以集中资 源深耕半导体赛道，在国家战略关键领域持续攻坚突破。 技术自主：半导体重注的战略责任 聚焦半导体主业后，闻泰科技以硬核技术突破诠释社会价值：在第三代半导体领域，公司斥资2亿美元 建设SiC/GaN产 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 2025年4月23日，2025九峰山论坛暨化合物半导体产业博览会重磅开幕！本届展会在前两届 成功举办的基础上继续提档升级。作为重头戏，聚焦化合物半导体产业技术发展的高峰论坛 将延续往年的多元化架构，以1场主论坛、11场平行论坛，逾15场同期活动的强大阵容，携 手全球相关领域权威科研机构、领军企业及行业专家代表，共同探索化合物半导体产业未来 发展方向。 在上午的大会主论坛中，英诺赛克CEO吴金刚带来了主题为 《GaN出美好芯未来》 的演讲，重 点探讨了第三代半导体GaN的突破与未来发展前景。 吴金刚首先分析了"为什么选择GaN？"他指出，伴随着第四次工业革命推动的数字化与智能化浪 潮，功率半导体市场规模呈现指数级增长，产品性能大幅提升。在消费电子、智能汽车、光伏储 能、数据计算等领域， GaN FET有望替代传统的Si MOS，成为市场的重要力量。 在技术性能方面，与传统Si MOSFET的FOM参数对比，150V/650V电压等级的GaN具有显著优 势，分别提升了约7倍和8倍。未来，GaN FET的成本将持续下降， 预计到2028年其价格将接近 或低于传统Si基MOS ...

Core Viewpoint - Wentech Technology (600745.SH) reported a significant increase in net profit for Q1 2025, achieving 261 million yuan, a year-on-year growth of 82.29%, with a strong performance in the semiconductor business [1] Group 1: Financial Performance - In 2024, the company achieved operating revenue of 73.598 billion yuan, a year-on-year increase of 20.23%, with semiconductor revenue reaching 14.715 billion yuan [2] - The semiconductor business saw a record high shipment volume in Q1 2025, generating revenue of 3.711 billion yuan, a year-on-year increase of 8.40%, and operating net profit grew by 65.14% [2] - The overall gross margin for the semiconductor business reached 37.47% for the year, with a significant increase in the second half of the year compared to the first half [2] Group 2: Product Development and Strategy - The company launched multiple third-generation semiconductor and analog chip products in Q1 2025, including 1200V SiC MOSFETs and GaN FETs [3] - The strategy of transitioning from power to analog and from low voltage to high voltage has effectively accelerated the localization of analog chips, with the company's logic IC shipment volume ranking second globally [3][5] - The company plans to exceed 200 new product numbers for analog chips in 2025, leveraging its extensive customer base in automotive and industrial sectors [5] Group 3: Market Trends and Opportunities - The semiconductor market is experiencing a boost due to the rapid development of AI technology, which increases demand for high-performance semiconductor products [6] - The demand for new energy vehicles in China has been strong, with sales growth exceeding market expectations in Q1 2025 [6][7] - The company is expanding its market reach by targeting leading domestic new energy vehicle manufacturers and data center clients [7] Group 4: Supply Chain and Global Strategy - Wentech Technology is enhancing its supply chain through a combination of globalization and localization, establishing a strategic supply chain system [8] - The company has completed vehicle-grade certification for its 12-inch wafer factory, which is expected to begin mass production by the end of 2024 [8] - The company is also investing in next-generation wide bandgap semiconductor products, further strengthening its global presence [8] Group 5: Strategic Focus and Future Outlook - The company is divesting non-core assets to focus entirely on the semiconductor industry, marking a transition from a consumer electronics cycle stock to a growth stock in hard-core chips [9] - With the restructuring of the international semiconductor supply chain and the arrival of new cycles in high-performance computing and intelligent driving, the company is positioned for significant growth and valuation enhancement [10]

Core Viewpoint - In Q1 2025, Wentech Technology (600745.SH) reported a significant revenue of 13.099 billion yuan and a net profit of 261 million yuan, marking an impressive year-on-year growth of 82.29%, driven by a strategic shift towards the semiconductor sector and the divestment of its ODM business [1] Group 1: Semiconductor Business Performance - The semiconductor segment generated a revenue of 3.711 billion yuan in Q1 2025, reflecting a year-on-year increase of 8.40%, with a gross margin of 38.32%, up over 7 percentage points, and a net profit of 578 million yuan, representing a 65.14% increase year-on-year [1] - Wentech ranks among the top three global power semiconductor companies and has maintained its position as the number one in China for four consecutive years, with a significant market share increase in the automotive and AI server sectors [2] - The overall shipment volume of the semiconductor business reached a three-year quarterly high, with the analog and logic IC product lines showing a revenue growth of 20%, accounting for over 17% of total revenue [3] Group 2: Strategic Divestment and Financial Recovery - The divestment of the ODM business, which faced challenges after being placed on the entity list, has led to a significant reduction in losses, with Q1 net losses narrowing to 164 million yuan and a cash recovery of approximately 3.7 billion yuan [4] - This strategic move has been recognized as a "textbook case" for effectively mitigating supply chain risks while allowing the company to focus on high-margin semiconductor operations [4] Group 3: Future Outlook and Ambitions - Wentech aims to strengthen its position in the automotive semiconductor market, where the demand for power semiconductors in electric vehicles is significantly higher than in traditional fuel vehicles [5] - The company is also targeting growth in the AI sector, where the demand for power semiconductors is expected to increase substantially, particularly in AI data centers and servers [5] - Wentech plans to leverage its extensive customer base and technological advantages in the analog chip sector to accelerate domestic production and expand its product offerings [5] Group 4: Value Reassessment - The results from Q1 2025 indicate that Wentech's strategic transformation is yielding positive outcomes, with a significant reduction in losses and robust growth in the semiconductor business, suggesting a potential for value reassessment in the market [6]