文章转自2025年5月 16日太平洋电子团队报告，分析师：张世杰/ 罗平 事件： 公司发布《2023年度向特定对象发行 A 股股票募集说明书(注册稿)》,本次向特定对象发行股票募集资金总额不超过120,000.00万元(含本数)，募集资金扣 除相关发行费用后将用于：1、高精度掩膜版生产基地 建设项目一期；2、高端半导体掩膜版生产基地建设项目一期。 加快产品业务布局，填补国内空白 。 1、受益于电视平均尺寸增加，大屏手机、车载显示和公共显示等需求的拉动，平板显示行业长期正处于快速发展期。据 Omdia 统计，2022年中国大陆平板显示掩膜版需求731亿日元， 预计到2027年中国大陆平板显示掩膜版需求达到822亿日元，具有广阔的市场空间。目前，中国 大陆中高端半导体掩膜版产品仍严重依赖进口，国内自主供应尚有较大的缺口。 在所处行业高速发展的背景下，公司将通过本次向特定对象发行，加快平板显 示业务布局，扩大公司的业务规模，提升持续盈利能力。 2、在海外技术封锁和贸易摩擦等不确定性因素增加的背景下，我国半导体芯片产业加速进口替代。受 益于中国大陆半导体制造领域的高速发展，半导体掩膜版市场规模呈现快速增长的趋势。由于 ...

Group 1 - The article discusses various industry reports and analysis sessions scheduled for May 19, 2023, focusing on sectors such as pharmaceuticals and electronics [1][2][3] - Key topics include a deep dive into the pharmaceutical company Ailis, a summary of the generic drug sector for 2024 and Q1, and an analysis of the black electrical appliances industry [1][2][7][13] - The sessions are led by industry analysts with expertise in their respective fields, indicating a thorough examination of market trends and opportunities [1][4][20] Group 2 - The pharmaceutical sector report on Ailis is presented by senior analysts, highlighting the company's performance and market positioning [2][4] - The generic drug sector analysis will cover market dynamics and financial performance for the first quarter of 2024, providing insights into growth potential [7][20] - The black electrical appliances industry session aims to dissect profit margins, product iterations, and competitive landscape developments [13][20]

Market Performance - The main board saw significant gains with notable stocks such as Yaowang Technology (+10.03%), Maidi Technology (+10.02%), and Yongding Co. (+8.08%) leading the charge [1] - The ChiNext board also performed well, highlighted by Wanjitech (+8.59%) and Dongtu Technology (+7.58%) [1] - The Sci-Tech Innovation board was led by Weide Information (+8.39%) and Jingwei Hengrun-W (+6.42%) [1] - Active sub-industries included SW Other Communication Equipment (+2.46%) and SW Communication Network Equipment and Devices (+1.44%) [1] Domestic News - Gaorun Semiconductor signed a global strategic cooperation agreement with NextGO.Epi, focusing on the research and industrialization of gallium oxide, aiming to boost applications in new energy and power electronics [1] - Xiaomi's founder Lei Jun announced the upcoming release of Xiaomi's self-developed mobile SoC chip, which would make Xiaomi the fourth global brand to possess this capability, joining Apple, Samsung, and Huawei [1] - Global third-largest semiconductor silicon wafer supplier, GlobalWafers, announced the official opening of its 12-inch semiconductor silicon wafer manufacturing plant in Texas, with plans for additional investments totaling $4 billion [1] - At the SID exhibition, Woge Optoelectronics launched the world's first flagship 32" glass-based Mini LED product, marking a significant step towards the industrialization of glass-based technology by 2025 [1] Company Announcements - Wanma Technology announced the progress of a major shareholder's agreement to transfer company shares, with a commitment from the buyer not to reduce holdings within 12 months post-transfer [3] - Guoxing Optoelectronics completed the transfer of 49% equity in its subsidiary Haolai Te, receiving all transfer payments and no longer holding shares in the company [3] - Beilong Precision announced a cash dividend of 1.80 RMB per 10 shares (before tax) for the 2024 fiscal year [3] - Tailin Micro reported a reduction in shareholding by a major shareholder, with the National Big Fund's stake decreasing from 7.95% to 6.95% [3] Overseas News - Broadcom announced significant advancements in its Co-Packaged Optics (CPO) technology, launching a third-generation 200G/lane CPO product line, showcasing improvements in OSAT processes and overall yield [2] - Qualcomm introduced the fourth-generation Snapdragon 7 mobile platform, featuring a new CPU architecture and a 27% increase in CPU performance compared to its predecessor [2] - The Indian government announced plans to establish a new semiconductor factory in Uttar Pradesh with an investment of 37 billion rupees, focusing on display chips for smartphones, cars, and PCs [2] - GlobalFoundries reported a 93% capacity utilization rate at its Malta, New York facility, reflecting a 5 percentage point increase from the previous quarter, with a 9% year-on-year growth in 12-inch wafer shipments [2]

行情速递 公司公告 ① 宏景科技，发布2024年度权益分派实施公告/QFII/RQFII及首发前限售股 个人/基金每10股实发0.45元/其他股东按持股期限差异化征税/ ② 鼎通科技，发布2024年年度权益分派实施公告/以总股本138,729,646股 为基数/每股派发现金红利0.50元（含税）/ ③ 领益智造，发布关于为子公司提供担保的进展公告/公司已为全资子公司 苏州领汇新能源科技有限公司提供人民币1亿元的连带责任担保/ ④ 商络电子，发布2024年年度权益分派实施公告/以总股本683,384,011股 为基数/每10股派发现金红利0.12元（含税）/ 海外新闻 ① 半导纵横，罗姆半导体2024财年（截至2025年3月）综合净亏损约 合3.37亿美元/这是该公司12年来首次出现年度亏损/此次亏损是由多种 因素造成的/电动汽车需求疲软/日本汽车制造商因"认证测试"欺诈丑闻 而减产等原因/抑制了功率半导体和工业产品的销售/ ① 艾邦半导体网，全球封测龙头日月光投控14日代子公司福雷电子公告/将 以每股新台币9元公开收购元隆电子普通股/预定收购最高数量为1.51万张/ 元隆在全面并入日月光投控旗下后/公司将具备 ...

公司公告 行情速递 ① 主 板 领 涨 ， 合 众 思 壮 (+10.06%)/ 瑞 斯 康 达 (+10.01%)/ 华 胜 天 成 (+9.99%)/ 达 实 智 能 (+7.16%)/新华都(+6.99%)/ ②创业板领涨， 天利科技(+20.00%)/捷安高科(+20.00%)/立昂技术(+15.19%)/ ③科创板领涨， 嘉和美康(+5.49%)/财富趋势(+4.21%)/长阳科技(+3.93%)/ ④活跃子行业， SW垂直应用软件(+1.57%)/SW印制电路板(+1.19%)/ 国内新闻 ① CINNO，奇景光电推出微型超亮双边自发光 LCoS 微显示屏/体积 0.09cc/重量仅 0.2 克/在性能方面/目标亮度高达 350K 尼特/输出光通量 可达1流明/而最大总功耗却控制在 250 毫瓦以内/ ② 大话芯片，台积电和子公司世界先进今晚陆续召开重讯/针对董事会核准 出售公司机器设备予VSMC/总价预估介于7100万美元至7300万美元/台积 指出/这次出售主要就是处分公司已经没有使用规划的机台/主要是为活化资 产/ ③ 电子工程专辑，华为与优必选科技在深圳正式签署了全面合作协议/双方 将通过 ...

Market Overview - The main board saw significant gains with notable stocks such as Wantech (+10.04%), Tianjian Technology (+10.00%), and Chaoyang Technology (+10.00%) leading the charge [1] - The ChiNext board also performed well, with stocks like Yekeshu (+13.85%) and Sihui Fushi (+13.70%) showing strong increases [1] - The Sci-Tech Innovation board was led by Weide Information (+9.76%) and Jiahe Meikang (+6.90%) [1] - Active sub-industries included SW Portal Websites (+0.64%) and SW Passive Components (+0.61%) [1] Domestic News - Longxin Zhongke announced the successful adaptation of its Longxin 3A5000/3A6000 desktop terminals with UniVista Archer, achieving a fully domestic supply chain for electronic system design [1] - IDC reported that China's tablet market shipped 8.52 million units in Q1 2025, a year-on-year increase of 19.5%, driven by the "national subsidy" policy [1] - Taiwan's GlobalWafers is set to complete its 12-inch silicon wafer factory in Texas by May 15, marking the first of its kind in the U.S. [1] - In April, domestic new energy vehicle sales reached 905,000 units, a year-on-year increase of 33.9%, while the cumulative sales from January to April were 3.324 million units, up 35.7% year-on-year [1] Company Announcements - Chongda Technology announced an adjustment to the conversion price of its convertible bonds, lowering it to 10.25 yuan per share, effective from May 22, 2025 [2] - Dahua Intelligent reported a guarantee agreement with Fujian Haixia Bank, providing a joint liability guarantee for its subsidiary New East Network for a credit line of 10 million yuan [2] - Taijia Co. plans to invest up to 100 million yuan in its wholly-owned subsidiary Hong Kong Taijia to establish a project base in Thailand [2] - Guangyun Technology disclosed a share reduction plan, with Hainan Qiyu intending to reduce its holdings by up to 7,111,271 shares, representing 1.67% of the total share capital [2] Semiconductor Industry Insights - Samsung Electronics has finalized a plan to increase DRAM supply prices, with DDR4 expected to rise by approximately 20% and DDR5 by around 5% [3] - Nvidia has raised prices for its GPU products, with increases of 10% to 15% for modules including AI chips H200 and B200 [3] - Reports indicate that Samsung will begin mass production of its 12-layer stacked HBM3E around February 2025, ahead of Nvidia's expected certification [3] - Samsung Display plans to start mass production of its first foldable phone OLED panels next month, with an initial production scale of 200,000 to 300,000 units [3]

Core Viewpoint - The embedded computer industry in key domestic sectors is experiencing significant growth, with the company Zhimingda positioned as a leading player, providing customized solutions and products to meet the demands of key national sectors [1][3][4]. Group 1: Company Overview - Zhimingda has over 20 years of experience in the embedded computer industry, ensuring its leading position through core technological advantages [4][5]. - The company has maintained stable and rapid revenue growth, with a compound annual growth rate of 13.85% from 2019 to 2024, and a gross margin exceeding 40% [11][15]. - The company’s main shareholder, Wang Yong and Zhang Yue, collectively hold over 34% of the shares, indicating strong control over the company [6]. Group 2: Industry Demand and Opportunities - The demand for embedded computers in key sectors is vast, driven by the increasing need for intelligent equipment in communications, healthcare, and defense [1][17]. - The global market for embedded systems in key sectors is projected to grow from $101.9 billion in 2020 to $238 billion by 2027, with a compound annual growth rate of 12.9% [23]. - The acceleration of national defense informationization is creating significant opportunities for embedded computers, as they are essential for modern military equipment [24][26]. Group 3: Product Applications - Zhimingda's products are widely used in various key sectors, including airborne and missile systems, with a focus on high reliability and real-time performance [1][40]. - The company has expanded its product offerings to include applications in unmanned aerial vehicles and commercial satellites, which are expected to become new growth points [13][27]. - The embedded computer modules are crucial for airborne systems, providing functionalities such as radar, communication, navigation, and electronic warfare [33][36]. Group 4: Financial Forecast and Investment Rating - The company forecasts net profits of 0.19 million, 1.13 million, and 1.54 million for 2024, 2025, and 2026 respectively, with corresponding earnings per share (EPS) of 0.17, 1.01, and 1.37 [2][11]. - The investment rating is maintained at "Buy," reflecting confidence in the company's recovery and growth potential as the industry rebounds [2][11].

Market Overview - The main board saw significant gains with notable stocks such as Dongni Electronics (+10.02%), Leike Defense (+10.02%), and Tianjian Technology (+10.01%) leading the charge [1] - The ChiNext board experienced a surge, highlighted by Zhonghang Chengfei (+20.01%) and Huaru Technology (+19.98%) [1] - The Sci-Tech Innovation board also performed well, with Aerospace Nanhu (+19.99%) and Xingtou New Science (+12.82%) showing strong increases [1] - Active sub-industries included SW Military Electronics III (+5.21%) and SW Consumer Electronics Components and Assembly (+4.47%) [1] Domestic News - In the semiconductor industry, TSMC's new factory in the U.S. is reportedly achieving high production yields, leading to increased order inquiries from American clients. TSMC aims to have overseas production capacity reach about 20% of total capacity by 2028 [1] - The High-Performance Automotive Research Institute reported that the number of pre-installed advanced driver-assistance systems in China's passenger cars is expected to reach 3.5869 million units in 2024, a year-on-year increase of 65.34% with a penetration rate of 15.65% [1] - The Ningbo Materials Institute announced a significant breakthrough in the performance of its high-crystallinity continuous silicon carbide fiber (NIMTE-S13), achieving an average tensile strength of 2.4 GPa and a tensile modulus of 440 GPa [1] - TSMC's advanced processes are increasingly penetrating Apple's entire product line, with expectations that the value of the new U.S. factory's capacity will exceed that of Taiwan, potentially contributing to double-digit growth in performance [1] Company Announcements - Jiadu Technology announced the disposal of part of its stake in Cloud From Technology, with a total of 17,393,460 shares to be sold for 228.41 million yuan [3] - Zhongke Star Map declared a cash dividend of 0.13 yuan per share, totaling 70.63 million yuan [3] - Igor provided an update on guarantees for its subsidiary, increasing the maximum guarantee amount from 150 million yuan to 200 million yuan [3] - Dali Cap announced the results of share reductions by shareholders holding more than 5%, with a total of 1.545 million shares reduced [3] Overseas News - The U.S. has committed to canceling 91% of tariffs on Chinese goods as per administrative orders, with a 90-day suspension on 24% of tariffs [4] - Infineon announced that the German government has approved subsidies for its new Smart Power Fab wafer fab in Dresden, which is nearing completion and expected to start production in 2026 [4] - Samsung's supply chain company, Solus Advanced Materials, is considering selling its OLED materials division to restructure its business focus on battery foils and copper foils [4] - Following export restrictions on Nvidia's H20 AI chip, Nvidia plans to launch a downgraded version of the chip for China within the next two months [4]

Market Performance - The main board saw significant gains with Wuhan Fanggu rising by 10.04%, Aopu Optoelectronics by 10.01%, and Tianjian Technology by 10.00% [1] - The ChiNext board led with Kela Software increasing by 13.98%, Hanbang High-tech by 6.55%, and Shuo Beid by 5.97% [1] - The Sci-Tech Innovation board was also up, with Aerospace Nanhu gaining 11.11%, Holaiwo by 8.77%, and Guobo Electronics by 5.66% [1] Domestic News - Yangjie Technology has initiated a 1 billion yuan project for SiC automotive-grade power semiconductor module packaging, focusing on IGBT modules and SiC MOSFETs, aiming for import substitution and international competitiveness [1] - Rockchip announced the launch of the new AI vision chip RV1126B, which has passed mass production testing and will begin bulk supply this month, featuring a 4-core Arm Cortex-A53 CPU and a self-developed 3TOPS NPU [1] - TCL Huaxing is supplying Lenovo's Moto Razr 60 series with the latest generation of display materials, achieving a 13% reduction in power consumption compared to the previous generation [1] - Nanchip Technology has launched a vehicle-grade high-speed CAN/CAN FD transceiver SC25042Q, entering the CAN transceiver market with strong anti-electromagnetic interference capabilities [1] Company Announcements - Changguang Huaxin announced it has received government subsidies totaling 10.3997 million yuan, with 8.1775 million yuan related to revenue [2] - Hongsoft Technology is planning a share transfer of 8,023,408 shares, representing 2.00% of its total equity, by HomeRun Capital Management Limited [2] - Dahua Technology has signed a maximum guarantee contract with ICBC for 10 million yuan to provide joint liability guarantees for its subsidiary Zhejiang Huayi Technology [2] - Weston reported a reduction in shareholding by a major shareholder, with a decrease from 7.00% to 5.79% after selling 1,066,500 shares [2] Overseas News - Intel is in discussions with NVIDIA, Microsoft, and Google regarding its 18A process, which may serve as a strong alternative to TSMC's N2 process [3] - OpenAI has agreed to acquire the AI coding tool Windsurf for approximately 3 billion USD, which allows developers to navigate and modify code using AI [3] - Apple's silicon design team is developing new chips for future devices, including its first smart glasses and more powerful Macs [3] - Infineon has released a new generation of 750V silicon carbide MOSFETs for automotive and industrial applications, with a conduction resistance range of 7mΩ to 140mΩ [3]

Group 1 - The article discusses various upcoming conference calls and reports related to different industries, including technology, healthcare, education, and agriculture [1] - Key topics include the analysis of Hongmeng PC, a deep report on Maiwei Biotech, and updates on Kevin Education [1] - The meetings are scheduled between May 12 and May 16, featuring industry analysts and company executives [1] Group 2 - The conference calls will cover significant insights into the current status and future outlook of companies like Anpeilong and Lianyungang [1] - The discussions will also touch on the automotive parts industry and the performance forecast for the animal protection industry by 2025 [1]