Group 1: Company Overview and Market Position - Jiangyin Jianghua Microelectronics Materials Co., Ltd. is a leading provider of wet electronic chemicals, with significant technological advantages in purification, mixing, and analytical testing [1] - The company has a diverse product range with applications in semiconductors, flat panel displays, and LEDs, currently offering dozens of types of wet electronic chemicals [1] Group 2: Business Strategy and Focus Areas - The company aims to solidify its core business and capitalize on market opportunities in the second half of the year, maintaining R&D investments and enhancing sales efforts in high-end semiconductors and new display panels [1] - The G5 grade electronic chemicals are primarily used in advanced processes for 12-inch wafer manufacturing, with increasing demand as wafer technology evolves [2] Group 3: Production and Capacity - The G5 grade products currently account for a significant portion of the company's overall business, with ongoing efforts to meet the increasing demand for electronic chemicals in semiconductor manufacturing [2] - The company is actively expanding its production capacity, with the Jiangyin project expected to achieve a production capacity of 100,000 tons per year [2] Group 4: R&D and Innovation - The company is committed to enhancing its R&D capabilities by recruiting top talent and increasing investment in high-end semiconductor and new display panel product development [3] - The company has received local policy support in Sichuan, including a 15% corporate income tax reduction as part of the Western Development initiative [3]

证券代码：603078 证券简称：江化微 公告编号：2024-033 重要内容提示： 会议召开时间：2024 年 10 月 21 日(星期一) 下午 14:00-15:00 会议召开地点： 上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 10 月 14 日(星期一) 至 10 月 18 日(星期五)16:00 前① 登录上证路演中心网站首页点击"提问预征集"栏目；②通过公司邮箱 dmb@jianghuamem.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 江阴江化微电子材料股份有限公司（以下简称"公司"）已于 2024 年 08 月 17 日发布公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半年度经营成果、财务状况，公司计划于 2024 年 10 月 21 日 下午 14:00- 15:00 举行 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 江阴江化微电子材料股份有限公司 关于召开 2024 年半年度业绩说明会的公 ...

证券代码：603078 证券简称：江化微 公告编号：2024-032 江阴江化微电子材料股份有限公司 关于公司董事去世的公告 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。 江阴江化微电子材料股份有限公司（以下简称"公司"）董事会沉痛公告， 近日公司获悉副董事长刘爱吉先生因病去世。刘爱吉先生在任职公司董事、副董 事长、董事会战略委员会委员及审计委员会委员期间恪尽职守、勤勉尽责，认真 履行了作为公司董事应尽的职责和义务，为公司的经营发展做出了重要贡献。公 司董事会对刘爱吉先生为公司的辛勤付出和贡献深表感谢。公司董事、监事、高 级管理人员及全体员工对刘爱吉先生的去世表示沉痛哀悼，并向其家属表达深切 慰问。 江阴江化微电子材料股份有限公司 刘爱吉先生去世后，不会导致公司董事会人数低于《公司法》规定的法定最 低人数，公司将按照相关法律法规和《公司章程》的规定尽快完成董事的补选工 作，并及时履行信息披露义务，公司的生产经营活动不会受到影响。 董 事 会 特此公告。 2024 年 9 月 27 日 ...

重要内容提示： 每股分配比例 证券代码：603078 证券简称：江化微 公告编号：2024-031 江阴江化微电子材料股份有限公司 2024 年半年度权益分派实施公告 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。 A 股每股现金红利 0.03 元（含税） 三、相关日期 相关日期 | | | 差异化分红送转： 否 一、通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 17 日的 2023 年年度股东大会授权董事 会实施，并经公司 2024 年 8 月 16 日召开的第五届董事会第十二次会议审议通过， 无需再次提交股东大会审议。 二、分配方案 1. 发放年度：2024 年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本 385,637,248 股为基数，每股派发现 金红利 0.03 元（含税），共计派发现金红利 11,569, ...

Investment Rating - The report maintains an "Accumulate" rating for the company [2][3]. Core Views - The company's revenue for the first half of 2024 reached 522 million yuan, a year-on-year increase of 4.5%, while the net profit attributable to shareholders decreased by 12.2% to 56.89 million yuan [1][2]. - The sales volume of wet electronic chemicals showed steady growth, with ultra-pure reagents and photoresist supporting reagents achieving sales volumes of 51,400 tons and 17,400 tons, respectively, representing year-on-year growth of 8.3% and 10.6% [2]. - The company has fully launched its production bases in Zhenjiang and Sichuan, with a focus on ramping up capacity and product introduction [2]. Summary by Sections Financial Performance - In Q2 2024, the company achieved a revenue of 278 million yuan, a year-on-year increase of 1.7% and a quarter-on-quarter increase of 13.8% [1]. - The average prices of ultra-pure reagents and photoresist supporting reagents decreased by 6.4% and 9.1%, leading to a decline in gross margins [2]. Production Capacity - By the end of 2023, the company had production capacities of 90,000 tons/year in Jiangyin, 58,000 tons/year in Zhenjiang, and 87,000 tons/year in Sichuan, with utilization rates of 93.2%, 20.8%, and 31.8%, respectively [2]. - The second phase of the Zhenjiang project is in the installation and debugging stage, with an expected capacity of 100,000 tons/year to be fully operational by mid-2027 [2]. Profit Forecast and Valuation - The profit forecasts for 2024-2026 have been adjusted downward, with expected net profits of 122 million yuan (down 41.7%), 151 million yuan (down 45.4%), and 211 million yuan, respectively [2][3]. - The report emphasizes the importance of monitoring the progress of the company's ongoing capacity expansion and product introduction [2].

Investment Rating - Maintained "Overweight" rating for Jianghuawei (603078) [2] Core Views - 24Q2 performance driven by product sales growth, with new capacity and products opening up growth space [2] - 24H1 revenue reached 522 million yuan (YoY +5%), net profit attributable to parent company was 57 million yuan (YoY -12%) [4] - 24Q2 revenue was 278 million yuan (YoY +2%, QoQ +14%), net profit attributable to parent company was 32 million yuan (YoY -17%, QoQ +24%) [4] - Gross margin in 24Q2 was 26 61%, net margin was 9 60% [4] - Ultra-pure high-purity reagent sales increased in 24Q2, while photoresist supporting reagent sales volume rose but prices fell [4] - Jiangyin base remains the main source of performance, with Meishan and Zhenjiang bases gradually increasing capacity utilization [5] Financial Highlights - 24H1 ultra-pure high-purity reagent revenue was 330 million yuan, accounting for 65 46% of main business revenue, with gross margin of 27 77% [4] - 24H1 photoresist supporting reagent revenue was 174 million yuan, accounting for 34 54% of main business revenue, with gross margin of 24 07% [4] - 24Q2 ultra-pure high-purity reagent sales volume was 26 9 thousand tons (QoQ +9%), revenue was 173 million yuan (QoQ +10%) [4] - 24Q2 photoresist supporting reagent sales volume was 10 2 thousand tons (QoQ +41%), revenue was 96 million yuan (QoQ +22%) [4] - Forecasted net profit attributable to parent company for 2024-2026 is 148, 209, and 291 million yuan respectively, with corresponding PE ratios of 34X, 24X, and 18X [5] Business Segments - Jiangyin base achieved 434 million yuan revenue and 78 million yuan net profit in 24H1 [5] - Meishan base achieved 90 million yuan revenue and 7 21 million yuan net profit in 24H1, mainly serving BOE and other western customers [5] - Zhenjiang base's phase I project with 58 thousand tons capacity is gradually releasing, with G5 grade products obtaining certifications from major semiconductor companies [5] Market Data - Closing price on 2024/08/16 was 13 20 yuan, with a price-to-book ratio of 3 1 and dividend yield of 0 64% [2] - Circulating A-share market value was 5 09 billion yuan [2] - Earnings per share for 2024E, 2025E, and 2026E are forecasted to be 0 38, 0 54, and 0 75 yuan respectively [6]

一、监事会会议召开情况 江阴江化微电子材料股份有限公司（以下简称"公司"）第五届监事会第九次 会议通知于 2024 年 8 月 10 日以电子邮件等方式送达全体监事，本次会议于 2024 年 8 月 16 日在公司三楼会议室以现场结合通讯方式召开。本次会议应到监事 3 人，实到监事 3 人，其中：郭海凤女士以通讯方式参与表决。会议由监事会主席 郭海凤女士主持。会议的通知、召开及审议程序符合《公司法》等法律法规及《公 司章程》的规定。 第五届监事会第九次会议决议公告 本公司监事会及全体监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。 证券代码：603078 证券简称：江化微 公告编号：2024-028 江阴江化微电子材料股份有限公司 二、监事会会议审议情况 与会监事经审议，通过如下议案： （一）审议并通过了《关于<江阴江化微电子材料股份有限公司 2024 年半年 度报告>及其摘要的议案》； 具体内容详见公司于同日在上海证券交易所网站（www.sse.com.cn）披露的 《江阴江化微电子材料股份有限公司 2024 年半年度报告》及其摘要。 表决结果 ...

证券代码：603078 证券简称：江化微 公告编号：2024-027 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。 一、董事会会议召开情况 江阴江化微电子材料股份有限公司（以下简称"公司"）第五届董事会第十二 次会议通知于 2024 年 8 月 10 日以电子邮件等方式送达全体董事，本次会议于 2024 年 8 月 16 日在公司三楼会议室以现场结合通讯方式召开。本次会议应到董 事 9 人，实到董事 8 人，其中：副董事长娄刚先生、董事徐啸飞先生、独立董事 董毅女士、独立董事章晓科先生以通讯方式参与表决,副董事长刘爱吉先生因事 缺席本次会议。会议由董事长殷福华先生主持。会议的通知、召开及审议程序符 合《公司法》等法律法规及《公司章程》的规定。 二、董事会会议审议情况 与会董事经审议，通过如下议案： （一）审议并通过了《关于<江阴江化微电子材料股份有限公司 2024 年半年 度报告>及其摘要的议案》； 详见同日在上海证券交易所（www.sse.com.cn）披露的《江阴江化微电子材 料股份有限公司 2024 年半年度报告》及其 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥521,533,472.66, representing a 4.54% increase compared to the same period last year[22]. - The net profit attributable to shareholders decreased by 12.17% to ¥56,893,354.75 from ¥64,774,393.57 in the previous year[22]. - Basic earnings per share decreased by 12.20% to ¥0.1475 compared to ¥0.1680 in the same period last year[23]. - The weighted average return on equity decreased by 0.33 percentage points to 3.56%[23]. - The total assets at the end of the reporting period increased by 3.85% to ¥2,811,618,573.65 from ¥2,707,392,295.83 at the end of the previous year[22]. - The company's gross profit margin decreased by 2.01 percentage points to 26.17%, with a net profit attributable to shareholders of 56.89 million yuan, down 12.17% year-on-year[52]. - The ultra-pure reagent business generated revenue of 329.98 million yuan, accounting for 65.46% of main business revenue, with a gross margin of 27.77%[52]. - The photoresist supporting reagent business achieved revenue of 174.13 million yuan, representing 34.54% of main business revenue, with a gross margin of 24.07%[52]. Cash Flow and Investments - The net cash flow from operating activities fell significantly by 51.90%, amounting to ¥31,623,473.03[22]. - The net cash flow from investment activities worsened by 207.60%, with a net outflow of CNY 137,271,677.20 compared to CNY -44,627,339.58 in the previous year[57]. - The company received approximately 100.00 million in cash from borrowings in the first half of 2024, a significant increase from 5.00 million in the same period of 2023[148]. - Cash inflow from investment activities totaled 287,336,718.49 RMB, a decrease of 28% from 401,282,706.63 RMB year-over-year[150]. - The ending cash and cash equivalents balance for the first half of 2024 was 397,214,487.91 RMB, down from 739,752,566.19 RMB at the end of the previous year[151]. Dividend Distribution - The company plans to distribute a cash dividend of 0.3 yuan per 10 shares (including tax), totaling approximately 11,569,117.44 yuan based on a total share capital of 38,563,724.8 shares as of June 30, 2024[5]. - The company has not proposed any capital reserve transfer to increase share capital in this dividend distribution plan[5]. Research and Development - The company's R&D expenses for the first half of 2024 amounted to 25.26 million yuan, representing 4.84% of sales revenue[46]. - The company has a total of 101 valid national patents, including 47 invention patents, and has developed over 100 new products and technologies[46]. - The company is committed to continuous R&D investment and enhancing its talent pool to support sustainable growth and high-quality development[53]. Market and Industry Analysis - The domestic market for wet electronic chemicals is rapidly expanding, with over 50 companies engaged in research and production[30]. - The wet electronic chemicals market in China reached a total scale of 22.5 billion yuan in 2023, representing a year-on-year growth of 15.56%[34]. - The projected market size for wet electronic chemicals in China is expected to grow to 29.275 billion yuan by 2025[34]. - The integrated circuit sector accounted for 72.8 billion yuan in 2023, with a forecasted growth to 86.1 billion yuan by 2025[36]. Environmental Management - The company reported a total nitrogen oxide emission of 8.85 mg/m³, which is within the compliance standards[86]. - The company achieved zero discharge for wastewater treatment, with all treated wastewater meeting discharge standards[89]. - The company has implemented noise control measures, maintaining noise levels below 85dB(A) at the site[93]. - The company has established strict waste management protocols, ensuring proper collection, storage, and disposal of hazardous waste[93]. - The company is focused on improving its emission standards and reducing environmental impact through ongoing research and development initiatives[86]. Compliance and Governance - The report indicates that the company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for providing guarantees to external parties[7]. - The company emphasizes compliance with securities laws and regulations to protect shareholder rights and promote sustainable development[112]. - The company has established a complete independent labor, personnel, and compensation management system, separate from Zibo Finance Bureau and its controlled enterprises[107]. Risks and Challenges - The company faces macroeconomic risks, including potential adverse changes in fiscal, monetary, and trade policies that could negatively impact operational performance[70]. - The wet electronic chemicals industry is experiencing increased competition, which may affect product pricing and profitability[71]. - The company faces core technology risks due to the competitive nature of the wet electronic chemicals industry, which may impact operational performance if R&D capabilities do not align with industry trends[75]. - Rapid business expansion has increased the demand for high-level R&D, marketing, management, and financial talents, posing a risk if the current management system cannot adapt to the company's growth[76].

证券代码：603078 证券简称：江化微 公告编号：2024-027 二、董事会会议审议情况 与会董事经审议，通过如下议案： （一）审议并通过了《关于<江阴江化微电子材料股份有限公司 2024 年半年 度报告>及其摘要的议案》； 详见同日在上海证券交易所（www.sse.com.cn）披露的《江阴江化微电子材 料股份有限公司 2024 年半年度报告》及其摘要。 表决结果：同意：8 票，反对：0 票，弃权：0 票 江阴江化微电子材料股份有限公司 第五届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 江阴江化微电子材料股份有限公司（以下简称"公司"）第五届董事会第十二 次会议通知于 2024 年 8 月 10 日以电子邮件等方式送达全体董事，本次会议于 2024 年 8 月 16 日在公司三楼会议室以现场结合通讯方式召开。本次会议应到董 事 9 人，实到董事 8 人，其中：副董事长娄刚先生、董事徐啸飞先生、独立董事 董毅女士、独立董事章晓科先生以通讯方式参与表决,副董事长刘爱吉先 ...