证券代码：920179 证券简称：凯德石英 公告编号：2026-010 北京凯德石英股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 投资者关系活动类别 □特定对象调研 □业绩说明会 □媒体采访 √现场参观 □新闻发布会 □分析师会议 二、 投资者关系活动情况 活动时间：2026 年 3 月 13 日至 2026 年 3 月 16 日 活动地点：公司会议室 参会单位及人员：中信证券、申万宏源、汇添富基金、东方证券 上市公司接待人员：董事会秘书 南舒宇 三、 投资者关系活动主要内容 问题 1：公司在化合物半导体领域的业务发展情况？ 回答：公司化合物半导体客户主要是通美晶体，公司产品主要供应通美晶体 的磷化铟、砷化镓等产线使用。通美晶体磷化铟衬底产品主要用于生产光模块中 的激光器、探测器芯片，也用于生产激光器件、可穿戴设备和其他健康监测的器 件产品；砷化镓衬底产品主要用于射频器件产品、激光器件、传感器，常用于手 机和液晶显示器（LCD）电视背光源的高亮度发光二极管（H ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [5]. Core Insights - The company is a pioneer in domestic high-end quartz products for the semiconductor industry, with a significant growth potential following the acquisition by Jiangfeng Electronics [5]. - The semiconductor business accounted for over 95% of the company's revenue in the first half of 2025, with a gross margin of 45.10% for quartz products used in semiconductor integrated circuits [6]. - The global market for semiconductor quartz products is projected to grow from approximately 5.946 billion yuan in 2025 to about 10.86 billion yuan by 2032, with a compound annual growth rate (CAGR) of 9.2% from 2026 to 2032 [6]. - The company has established three subsidiaries to enhance its product offerings and has successfully progressed in the certification of 8-12 inch high-end products [6]. - The acquisition by Jiangfeng Electronics is expected to bring new customer resources and management vitality, facilitating a new growth phase for the company [6]. Financial Summary - The company achieved a revenue of 22.2 million yuan in the first three quarters of 2025, a year-on-year decline of 4.22%, with a net profit of 22.24 million yuan, down 24.57% year-on-year [6]. - Revenue projections for 2025-2027 are estimated at 2.83 billion yuan, 3.68 billion yuan, and 4.77 billion yuan respectively, with corresponding net profits of 230 million yuan, 400 million yuan, and 600 million yuan [7]. - The company’s earnings per share (EPS) are projected to be 0.31 yuan, 0.53 yuan, and 0.80 yuan for 2025, 2026, and 2027 respectively [8].

证券代码：920179 证券简称：凯德石英 公告编号：2026-008 北京凯德石英股份有限公司 关于公司控制权拟发生变更和权益变动的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、本次权益变动的基本情况 1、2026 年 2 月 5 日，北京凯德石英股份有限公司（以下简称"公司"、"上 市公司"或"凯德石英"）实际控制人张忠恕、王毓敏及其一致行动人张凯轩、 北京德益诚投资发展中心（有限合伙）（以下简称"德益诚"）、北京英凯石英 投资发展中心（有限合伙）（以下简称"英凯石英"，张忠恕、王毓敏、张凯轩、 德益诚与英凯石英合称为"转让方"）与宁波江丰电子材料股份有限公司（以下 简称"江丰电子"）及其一致行动人宁波甬金智享企业管理咨询合伙企业（有限 合伙）（以下简称"宁波甬金"）签订《关于北京凯德石英股份有限公司之股份 转让协议》（以下简称"《股份转让协议》"），张忠恕、王毓敏、张凯轩、德 益诚和英凯石英拟以协议转让的方式向江丰电子、宁波甬金转让其合计所持的上 市公司共计 15,475,627 ...

Financial Performance - The company's operating revenue for the reporting period is CNY 283,140,076.99, a decrease of 7.56% compared to the same period last year[3] - The total profit for the period is CNY 31,718,583.23, down 28.33% year-on-year[3] - The net profit attributable to shareholders is CNY 23,276,642.43, representing a decline of 29.26% compared to the previous year[3] - The basic earnings per share is CNY 0.31, a decrease of 29.55% year-on-year[3] Assets and Shareholder Value - Total assets at the end of the reporting period amount to CNY 1,062,696,273.72, an increase of 5.04% from the beginning of the year[3] - The net asset per share attributable to shareholders is expected to be CNY 10.01, up 2.35% from the beginning of the year[5] Industry Performance - Revenue from the photovoltaic solar industry decreased by 87.48% to CNY 780.65 million due to reduced procurement demand[6] - The semiconductor business saw an increase in revenue, but it was insufficient to offset the losses from the photovoltaic sector[6] Cautions and Warnings - The decline in net profit is primarily attributed to decreased gross profit and reduced input tax credits from previous fixed asset additions[6] - The company warns that the financial data is preliminary and has not been audited, urging investors to be cautious[7]

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies [32]. Core Insights - The North Exchange A-share trading volume reached 16.95 billion yuan on February 11, a decrease of 2.38 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1525.49, down 0.44% [8][16]. - Among the 293 companies listed on the North Exchange, 73 saw an increase in stock prices, 9 remained flat, and 211 experienced declines [18]. - The top five gainers included Minshida (8.4%), Gebijia (8.0%), Lingge Technology (7.6%), Kebaier (6.9%), and Jinhua New Materials (6.5%) [18]. - The top five decliners were Kaide Quartz (-7.4%), Optoelectronics (-6.1%), Liujin Technology (-5.7%), Hengtong Light (-5.2%), and Kangle Guardian (-4.8%) [18]. Summary by Sections Market Review - On February 11, the North Exchange A-share trading volume was 16.95 billion yuan, a decrease of 2.38 billion yuan from the previous day, with the North Exchange 50 Index closing at 1525.49, down 0.44% [8][16]. - The North Exchange Specialized and New Index closed at 2552.04, up 0.08% [8]. Important News - The State Council aims to establish a unified national electricity market system by 2035, with market-based electricity transactions accounting for about 70% of total electricity consumption by 2030 [21]. - The national standard for vehicle solid-state batteries is expected to be released in July 2026 [22]. Key Company Announcements - Ximic Technology reported a revenue of 96,079,621.14 yuan for 2025, a decrease of 23.05% year-on-year, with a net profit of 4,670,419.54 yuan, down 76.74% [23]. - Lintai New Materials plans to raise up to 380 million yuan through a private placement, with funds allocated for projects related to automotive components and high-end equipment manufacturing [24].

Core Insights - The overall performance of the Beijing Stock Exchange (BSE) on February 11, 2026, showed a decline of 0.44% for the BSE 50 index, closing at 1,525.49 points, while the specialized and innovative index increased by 0.08% to 2,552.04 points [3][4] - The total market capitalization of the BSE reached 9,295.01 billion, with a circulating market value of 5,724.27 billion, indicating a decrease in trading activity compared to the previous week [3][4] - The average price-to-earnings (P/E) ratio for BSE-listed companies was reported at 47.24 times, which is higher than the P/E ratios of the STAR Market (77.90 times) and the ChiNext (45.77 times) [3][11] Market Performance - On February 11, 2026, the BSE recorded a total trading volume of 169.50 billion with 6.51 million shares traded, reflecting a decrease from the previous week's average daily trading volume of 204.84 billion [3][4] - The industry performance was mixed, with the top gainers being non-ferrous metals (1.2%), social services (1.0%), and textiles and apparel (0.5%), while the largest declines were seen in media (-5.7%), telecommunications (-2.0%), and food and beverage (-1.3%) [3][4] Stock Performance - Among the 293 listed companies on the BSE, 73 experienced an increase in stock price, 9 remained flat, and 211 saw a decline. The top gainers included Minshida (+8.44%), Gebijia (+8.05%), and Lingge Technology (+7.58%) [3][8] - Conversely, the largest declines were noted in Kaide Quartz (-7.40%), Optech (-6.05%), and Aide Technology (-5.75%) [3][9] Valuation Insights - The average P/E ratio for the non-ferrous metals sector was the highest at 124.4 times, followed by telecommunications at 91.9 times and food and beverage at 82.7 times [3][11] - The valuation of BSE-listed companies has shown a slight decrease compared to the previous trading day, indicating a potential shift in market sentiment [3][11]

Group 1 - The core point of the article is that Kaide Quartz (920179) has seen significant trading activity on February 9, 2026, with a turnover rate of 23.85% and a transaction volume of 14.24 million shares, amounting to 816 million yuan [1][2][3] Group 2 - The top buying seat was from Dongfang Securities Co., Ltd. Shenzhen Jintian Road Securities Business Department, purchasing approximately 68.02 million yuan worth of shares [1][2] - The top selling seat was from Wanlian Securities Co., Ltd. Beijing Xisanhuan Securities Business Department, selling approximately 32.76 million yuan worth of shares [1][2] - Other notable buying and selling activities included purchases from Guosen Securities and institutional investors, with significant amounts also being sold by various securities firms [2]

Core Viewpoint - Jiangfeng Electronics (300666.SZ) and Kaide Quartz (920179.BJ) resumed trading, with Jiangfeng opening up 0.09% and Kaide down 2.73%, but both later strengthened. Jiangfeng announced a plan to acquire control of Kaide Quartz through a cash transaction of approximately RMB 590.70 million [1][2]. Group 1: Acquisition Details - Jiangfeng Electronics and its wholly-owned subsidiary, Ningbo Jiangfeng Boxin Technology Co., Ltd., plan to acquire 15,475,627 shares of Kaide Quartz, representing 20.6424% of its equity, at a price of RMB 38.17 per share [2][3]. - The transaction involves multiple shareholders, including Zhang Zhongshu and Wang Yumin, who will collectively transfer their shares to Jiangfeng and its subsidiary [3][4]. - After the transaction, Jiangfeng will become the controlling shareholder of Kaide Quartz and will nominate a majority of the board members [4]. Group 2: Financial Performance of Kaide Quartz - Kaide Quartz reported net profits of RMB 54 million, RMB 38 million, and RMB 32 million for the years 2022, 2023, and 2024, respectively, with a decline of 24.57% in the first three quarters of 2025 compared to the same period in 2024 [6][7]. - The company's revenue for 2024 was RMB 306.30 million, a 17.95% increase from RMB 259.69 million in 2023, while the gross profit margin decreased to 41.67% from 48.08% in 2022 [7][6]. - Jiangfeng Electronics expects its net profit for 2025 to be between RMB 430.60 million and RMB 510.70 million, indicating a growth of 7.50% to 27.50% [8].

Group 1 - Jiangfeng Electronics plans to acquire control of Kaide Quartz through a cash transaction, becoming the majority shareholder after the deal is completed [2][3] - The acquisition involves Jiangfeng Electronics purchasing 11.7271 million shares of Kaide Quartz, representing 15.6424% of its total share capital, for approximately 448 million yuan [2] - The transaction aims to enhance Jiangfeng Electronics' industrial layout and accelerate the implementation of its strategic goals, with Kaide Quartz specializing in the R&D, production, and sales of quartz glass products used in semiconductor and photovoltaic industries [2] Group 2 - Following the acquisition, the actual controller of Kaide Quartz will change from Zhang Zhongshu and Wang Yumin to Yao Lijun [3] - Kaide Quartz's stock will resume trading on February 6 [3]

Core Viewpoint - Jiangfeng Electronics plans to acquire control of Kaide Quartz through a cash transaction, which will make Jiangfeng the controlling shareholder of Kaide Quartz, effective from February 6 [1][2] Group 1: Acquisition Details - Jiangfeng Electronics will acquire a total of 11.7271 million shares of Kaide Quartz, representing 15.6424% of its total share capital, for approximately 448 million yuan [1] - Ningbo Yongjin will acquire 3.7485 million shares from Wang Yumin, accounting for 5% of Kaide Quartz's total share capital, for about 143 million yuan [1] - The sellers have agreed to waive their voting rights on the shares until their combined holdings fall below 5% of the total share capital [1] Group 2: Business Overview - Kaide Quartz specializes in the research, production, and sales of quartz glass products, including quartz instruments, quartz pipelines, and quartz boats [1] - The products are primarily used in the semiconductor integrated circuit chip sector and the photovoltaic solar energy industry [1] - The acquisition aims to enhance Jiangfeng's industrial layout and accelerate the implementation of its strategic objectives [1]