神工股份:Thinkon Semiconductor Corporate Value and Return Enhancement Action Plan 2025

Thinkon Semiconductor
Corporate Value and Return Enhancement Action Plan 2025
Thinkon Semiconductor Jinzhou Corp. (hereinafter referred to as "Thinkon
Semiconductor" or "the Company") believes that improving the quality of listed
companies, enhancing returns to investors, and increasing investors' sense of
gain are the inherent responsibilities of a listed company's development and
its due obligation to investors.
The Company actively implements the relevant requirements of the "Several
Opinions on Strengthening Supervision, Preventing Risks, and Promoting the
High-quality Development of the Capital Market" and the "Opinions on Further
Improving the Quality of Listed Companies" issued by the State Council. It
responds to the "Initiative on Carrying out the 'Quality Improvement, Efficiency
Enhancement, and Return Emphasis' Special Action for Companies Listed on
the Shanghai Stock Exchange" by the Shanghai Stock Exchange, practices
the development concept of listed companies that "puts investors first", and
safeguards the interests of all shareholders.
Based on confidence in its future development prospects and recognition of
the company's value, and earnestly fulfilling its social responsibilities, the
Company specially formulates the "Corporate Value and Return
Enhancement Action Plan 2025".This plan summarizes the implementation
of the 2024 plan, further improves the company's operational efficiency,
strengthens its market competitiveness, protects investors' rights and
interests, stabilizes the stock price, and builds a good image in the capital
market. The main contents are as follows:
1. Focus on Strengthening the Main Business and Improving Core
Competitiveness
Since its establishment, Thinkon Semiconductor has been dedicated to the
production, research and development, and sales of large-diameter silicon
materials and their application products. With years of accumulation and
layout, the Company has maintained a leading position in the field of large-
diameter silicon materials, mastering all technical processes for crystals up to
22 inches and below. It is one of the very few integrated manufacturers in
China with the complete manufacturing capability. The Company can provide
large-diameter silicon material products to downstream manufacturers
globally on a large scale, with high quality, high reliability, and wide coverage,
ranking in the first tier in the global niche market. In 2024, the Company's
large-diameter silicon material business achieved an operating income of

174,043,900 yuan, a year-on-year increase of 108.32%; the gross profit
margin was 63.85%, a year-on-year increase of 13.73 percentage points; and
the silicon parts products achieved an income of 118,494,100 yuan, a year-
on-year increase of 214.82%.
In 2025, the Company will further focus on its main business and enhance its
core competitiveness:
a. Seizing the Development Opportunities of the Semiconductor
Industry’s Recovery , Strengthening Marketing Efforts
Data from the World Semiconductor Trade Statistics Association shows that
the global semiconductor market size in 2024 was $628 billion, a year-on-year
increase of 19.10%. Entering 2025, global leading IC manufacturers and
semiconductor manufacturing equipment manufacturers have made
predictions. TSMC and Lam Research expect that the global semiconductor
market will continue to recover this year. The downstream demand for the
Company's large-diameter silicon materials and their processed silicon parts
products is closely related to the capacity utilization rate and new capacity of
terminal IC manufacturers. Currently, it is still a period of development
opportunities for the global semiconductor industry.
The Company will actively respond to the diversified demands of the rapidly
growing domestic market. It will set up local offices, get closer to the actual
production of customers, improve the feedback speed, proactively deploy
market resources, integrate and improve technical, quality, and logistics
services, and further enhance customer satisfaction. In the overseas market,
it will make strategic arrangements, actively track the latest technological
development demands, and collaborate with overseas partners based on its
own advantages to further enhance the company's international market
status.
b. Optimize Operational Management and Improve Business Quality
and Efficiency
In 2025, the company will further improve order collection and payment
management, actively control the scale of accounts receivable, increase
collection efforts, continuously monitor the collection of overdue accounts
receivable, and reduce or stop sales to specific customers based on credit
risk assessment.
In terms of inventory turnover, in 2024, due to the long evaluation and
certification cycle of the Company'