江阴江化微电子材料股份有限公司 持股 5%以上股东、董事长兼高级管理人员权益变动触 及 1%刻度的提示性公告 持股 5%以上股东、董事长兼高级管理人员殷福华保证向本公司提供的信息真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 证券代码：603078 证券简称：江化微 公告编号：2025-044 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | 投资者及其一致 | ☑其他 5%以上大股东及其一致行动人 | | 行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用于无控股股 | | | 东、实际控制人） | | | □其他______________（请注明） | 2.信息披露义务人信息 信息披露义务人名称 投资者身份 统一社会信用代码 殷福华 □ 控股股东/实控人 □ 控股股东/实控人的一致 行动人 ☑ 其他直接持股股东 ☑ 不适用 重要内容提示： 权益变动方向 比例增加□ 比例减少☑ 权益变动前合计比例 16.63% 权益变动后合计比 ...

Investment Rating - The report maintains a "Recommended" rating for the chemical industry [1] Core Views - The chemical industry is expected to benefit from the ongoing "anti-involution" measures, which may lead to a significant slowdown in global chemical capacity expansion. This shift is anticipated to enhance cash flow and dividend yields for companies in the sector, transforming them from cash-consuming entities to cash-generating ones [7][27] - The report highlights the potential for domestic substitutes for Japanese semiconductor materials due to rising tensions in Sino-Japanese relations, which could accelerate the domestic market's growth in this area [6] Summary by Sections Recent Trends - The chemical industry has shown a relative performance increase of 16.1% over the past 12 months, outperforming the CSI 300 index, which increased by 11.6% [4] Key Price Movements - DMC (Dimethyl Carbonate) prices rose to 4400 CNY/ton, up 14.29% week-on-week, driven by strong demand from the electrolyte sector [14] - Lithium battery electrolyte prices increased to 27000 CNY/ton, up 8.00% week-on-week, although profit margins for manufacturers are under pressure due to rising raw material costs [14] - Diammonium phosphate prices in East China reached 3850 CNY/ton, up 5.48% week-on-week, amid rising production costs [14] Investment Opportunities - The report identifies four key opportunities in the chemical sector: 1. Low-cost expansion, focusing on companies like Wanhua Chemical and Hualu Hengsheng [9] 2. Improved industry conditions, particularly in chromium salts and phosphate rock [10] 3. New materials with high growth potential, such as electronic chemicals and aerospace materials [11] 4. High dividend yields from state-owned enterprises in the chemical sector, including China Petroleum and China National Chemical [11] Company Tracking and Earnings Forecast - The report provides a detailed earnings forecast for key companies, indicating a positive outlook for several firms in the chemical sector, with many rated as "Buy" [28]

Core Viewpoint - Jianghua Microelectronics has successfully obtained the "Investment Project Filing Certificate" for its "Annual Production of 37,000 Tons of Ultra-Pure Wet Electronic Chemicals Project," marking the official commencement of the project implementation phase [3][4]. Group 1: Project Overview - The project is being developed by Jianghua Microelectronics (Zhenjiang) Electronic Materials Co., Ltd., with a total investment of 288.83 million yuan [4]. - The project aims to expand the existing production capacity of ultra-pure wet electronic chemicals, building upon the first phase of the project [3][4]. Group 2: Project Details - The project will involve technical upgrades and expansions of the existing hydrochloric acid production line, as well as the construction of new production lines for hydrochloric acid, ammonia water, nitric acid, diluents, and NMP [4]. - Upon completion, the project will add an annual production capacity of 37,000 tons of ultra-pure wet electronic chemicals, bringing the total capacity to 70,000 tons per year for ultra-pure wet electronic chemicals and 38,000 tons per year for low-concentration chemicals [4]. Group 3: Timeline and Funding - The construction period is set for 16 months, starting from November 2025 to February 2027 [4]. - The fixed asset investment for the project is 256.79 million yuan, with all funding sourced from self-raised capital [4].

Project Overview - Jiangyin Jianghua Microelectronics Materials Co., Ltd. (referred to as "Jianghua Micro") has approved the investment in a project to produce 37,000 tons of ultra-pure wet electronic chemicals annually during the 18th meeting of its fifth board of directors on August 22, 2025 [2] Project Progress - Jianghua Micro's subsidiary, Jianghua Micro (Zhenjiang) Electronic Materials Co., Ltd., has completed the filing for the "37,000 tons ultra-pure wet electronic chemicals project" with the Jiangsu Provincial Investment Project Filing Certificate [3] - Project details include: - Project name: 37,000 tons ultra-pure wet electronic chemicals project - Project legal entity: Jianghua Micro (Zhenjiang) Electronic Materials Co., Ltd. - Total investment: 288.83 million yuan - Construction nature: Expansion - Planned start date: 2025 - Construction scale: The project will upgrade the existing hydrochloric acid production line and establish new production lines for hydrochloric acid, ammonia water, nitric acid, diluents, and NMP, adding 37,000 tons/year of ultra-pure wet electronic chemicals [3] - The fixed asset investment for the project is 256.79 million yuan, fully self-funded, with a construction period from November 2025 to February 2027, lasting 16 months [3]

Core Viewpoint - Jianghua Microelectronics (603078) announced the completion of the "Annual Production of 37,000 Tons of Ultra-Pure Wet Electronic Chemicals Project" investment project filing in Jiangsu Province, indicating a significant expansion in production capacity and investment in electronic materials [2][3] Group 1: Project Details - The project was approved by the board on August 22 and involves upgrading and expanding the existing hydrochloric acid production line within the original plant [2] - New production lines for hydrochloric acid, ammonia water, nitric acid, diluents, and NMP will be established, adding a total of 37,000 tons/year of ultra-pure wet electronic chemicals, including nitric acid and hydrochloric acid [2] - The total investment for the project is 289 million yuan, with fixed asset investment amounting to 257 million yuan, all funded through self-raised capital [2] Group 2: Equipment and Timeline - The project will involve the purchase of 136 new sets of equipment, including filters, magnetic pumps, and testing equipment, based on existing facilities [2] - The construction period is set from November 2025 to February 2027, lasting 16 months, with the first phase of production capacity ultimately reaching 70,000 tons/year of ultra-pure wet electronic chemicals and 38,000 tons/year of low-concentration chemicals [2] - The project will also cancel the hazardous waste utilization lines for NMP and diluents in phases one and two, and will upgrade the diluent blending production line [2]

Core Viewpoint - Jianghua Microelectronics announced the approval of a project to construct a facility with an annual production capacity of 37,000 tons of ultra-pure wet electronic chemicals, aimed at better meeting customer demands [1] Group 1 - Jianghua Microelectronics held its 18th meeting of the 5th Board of Directors on August 22, 2025, where the investment proposal for the new project was approved [1] - The project will be developed by Jianghua Microelectronics (Zhenjiang) Electronic Materials Co., Ltd., a wholly-owned subsidiary of Jianghua Microelectronics [1] - The company has completed the registration for the investment project with the Jiangsu Provincial Investment Project Filing Certificate [1]

证券代码：603078 证券简称：江化微 公告编号：2025-043 江阴江化微电子材料股份有限公司 关于投资建设"年产3.7万吨超高纯湿电子化学品项目"的进展 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 3、项目代码：2511-321171-89-02-174507； 4、建设地点：江苏省镇江市镇江经济开发区青龙山路 18 号； 5、项目总投资：28,883 万元； 6、建设性质：扩建； 在原有设备基础上新购置过滤器、磁力泵、检测设备等 136 台（套），建设期自 2025 年 11 月至 2027 年 2 月，为期 16 个月，一期产能最终为 7 万吨/年超高纯湿 电子化学品和 3.8 万吨/年低浓化学品。同时取消一期、二期 NMP 和稀释剂危废 利用产线，并对稀释剂混配产线进行技改。 江阴江化微电子材料股份有限公司（以下简称"江化微"、"公司"）于 2025 年 8 月 22 日召开第五届董事会第十八次会议，审议通过了《关于投资建设"年 产 3.7 万吨超高纯湿电子化学品项目"的议案》。为更好的满足客户需求，公 ...

Core Points - Jianghua Micro announced plans to invest in a project for the annual production of 37,000 tons of ultra-pure wet electronic chemicals by its wholly-owned subsidiary, Zhenjiang Jianghua Micro [1] - The project has completed the filing for investment projects in Jiangsu Province and is set to begin construction in 2025 [1] - The total investment for the project is 288.83 million yuan, and it will involve the expansion of existing facilities [1] Summary by Categories Investment Details - The total investment for the project is 288.83 million yuan [1] - The project aims to expand existing production capacity by adding 37,000 tons per year of ultra-pure wet electronic chemicals [1] Project Timeline - Construction is planned to start in 2025, with a construction period of 16 months [1] - The first phase of production capacity is expected to reach 70,000 tons per year of ultra-pure wet electronic chemicals and 38,000 tons per year of low-concentration chemicals, with completion scheduled from November 2025 to February 2027 [1]

Core Viewpoint - Jianghua Micro's stock price has experienced fluctuations, with a recent decline of 2.02% and a total market value of 6.938 billion yuan, indicating potential investor concerns and market volatility [1]. Financial Performance - For the period from January to September 2025, Jianghua Micro achieved operating revenue of 910 million yuan, representing a year-on-year growth of 10.92%. However, the net profit attributable to shareholders decreased by 8.66% to 78.783 million yuan [2]. - Cumulatively, Jianghua Micro has distributed a total of 177 million yuan in dividends since its A-share listing, with 99.82 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Jianghua Micro was 50,400, a decrease of 2.18% from the previous period. The average number of circulating shares per person increased by 2.23% to 7,650 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the sixth largest with 3.3345 million shares, marking its entry as a new shareholder. The Guotai Zhongzheng Semiconductor Materials Equipment Theme ETF ranks eighth with 2.4637 million shares, an increase of 1.4057 million shares from the previous period [3]. Stock Performance - Year-to-date, Jianghua Micro's stock price has increased by 8.05%. However, it has seen a decline of 11.81% over the last five trading days, 14.33% over the last twenty days, and 2.44% over the last sixty days [1].

Core Insights - The electronic chemicals sector experienced a decline of 2.36% on October 30, with Jianghua Micro leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Jianghua Micro's stock price fell by 8.51% to 18.60, with a trading volume of 312,300 shares and a transaction value of approximately 59.57 million [2] - Other notable declines included Shanghai Xinyang (-6.50%), Huate Gas (-5.54%), and Jingrui Electric Materials (-4.50%) [2] - Conversely, stocks like Kaihua Materials and Siquan New Materials saw slight increases of 1.00% and 0.80%, respectively [1] Capital Flow - The electronic chemicals sector saw a net outflow of 1.281 billion yuan from major funds, while retail investors contributed a net inflow of 928 million yuan [2] - Major funds showed a negative net flow in several stocks, including Zhongshi Technology and Wanrun Shares, while retail investors had a positive net flow in stocks like Wanrun Shares and Guangxin Materials [3]