圣晖系统集成集团股份有限公司 章 程 | 第一章 | | 总则 3 | | --- | --- | --- | | 第二章 | | 经营宗旨和经营范围 4 | | 第三章 | 股 | 份 5 | | | 第一节 | 股份发行 5 | | | 第二节 | 股份增减和回购 6 | | | 第三节 | 股份转让 7 | | 第四章 | | 股东和股东会 8 | | | 第一节 | 股 东 8 | | | 第二节 | 控股股东和实际控制人 10 | | | 第三节 | 股东会的一般规定 11 | | | 第四节 | 股东会的召集 15 | | | 第五节 | 股东会的提案与通知 16 | | | 第六节 | 股东会的召开 17 | | | 第七节 | 股东会的表决和决议 20 | | 第五章 | | 董事和董事会 25 | | | 第一节 | 董事的一般规定 25 | | | 第二节 | 董事会 28 | | | 第三节 | 独立董事 34 | | | 第四节 | 董事会专门委员会 36 | | 第六章 | | 高级管理人员 38 | | 第七章 | | 财务会计制度、利润分配和审计 39 | | 第一节 | | 财 ...

圣晖系统集成集团股份有限公司 内幕信息知情人登记管理制度 圣晖系统集成集团股份有限公司 内幕信息知情人登记管理制度 版 本：03 发行日期：2025.10.17 1 圣晖系统集成股份有限公司 内幕信息知情人登记管理制度 内幕信息知情人登记管理制度 第一章 总则 2 第一条 为进一步规范圣晖系统集成集团股份有限公司（以下简称"公司"）的内 幕信息管理，加强内幕信息保密工作，提高公司股东、董事、高级管理人 员及其他内幕信息知情人的法制、自律意识，杜绝内幕交易等违法违规行 为，维护证券市场"公开、公平、公正"的原则，根据《中华人民共和国 公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《上市公司信息披露管理办法》《上市公司治 理准则》《上海证券交易所股票上市规则》等有关法律、法规、规范性文 件和《圣晖系统集成集团股份有限公司章程》（以下简称"《公司章 程》"）的有关规定，制订本制度。 第二条 公司董事会应当保证内幕信息知情人档案真实、准确和完整，董事长为主 要责任人。董事会秘书负责办理上市公司内幕信息知情人的登记入档事宜。 董事长与董事会秘书应当对内幕信息知情人档案的真实、 ...

圣晖系统集成集团股份有限公司 投资者关系管理制度 圣晖系统集成集团股份有限公司 投资者关系管理制度 版 本：03 发行日期：2025.10.17 1 圣晖系统集成集团股份有限公司 投资者关系管理制度 圣晖系统集成集团股份有限公司 投资者关系管理制度 第一章 总 则 第一条 为进一步加强圣晖系统集成集团股份有限公司（以下简称"公司"） 与投资者及潜在投资者（以下统称"投资者"）之间的信息沟通，增进投资者对公 司的了解和认同，切实保护投资者特别是中小投资者的合法权益，促进公司与投资 者之间建立长期、稳定的良性关系，实现公司诚信自律、规范运作，提升公司的内 在价值，根据《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司投 资者关系管理工作指引》、《上海证券交易所股票上市规则》、《圣晖系统集成集团 股份有限公司章程》（以下简称"《公司章程》"）及其他有关规定，特制定本制 度。 第五条 投资者关系管理的基本原则是： （一）合规性原则。公司投资者关系管理应当在依法履行信息披露义务的基 础上开展，符合法律、法规、规章及规范性文件、行业规范和自律规则、公司内 部规章制度，以及行业普遍遵守的道德规范和行为准则。 （ ...

Core Viewpoint - Shenghui Integrated (603163) reported significant growth in its Q3 2025 financial results, indicating strong operational performance and profitability [1] Financial Performance - The company achieved a revenue of 821 million yuan in Q3, representing a year-on-year increase of 59.4% [1] - The net profit attributable to shareholders reached 33.18 million yuan in Q3, marking a year-on-year growth of 93.89% [1] - For the first three quarters, the net profit attributable to shareholders totaled 95.65 million yuan, reflecting a year-on-year increase of 29.09% [1]

Core Viewpoint - Shenghui Integration (603163.SH) reported strong financial performance for the first three quarters, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - The company achieved operating revenue of 2.116 billion yuan, representing a year-on-year increase of 46.29% [1] - Net profit attributable to shareholders reached 95.6469 million yuan, reflecting a year-on-year growth of 29.09% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 95.5338 million yuan, with a year-on-year increase of 29.25% [1] - Basic earnings per share stood at 0.96 yuan [1]

Group 1 - The core viewpoint is that factory and cleanroom engineering are essential components for the expansion of the AI computing power industry chain, with cleanrooms providing controlled environments necessary for the production of precision products such as wafers, chip substrates, packaging, consumer electronics, and server assembly [1] - Investment in factory and cleanroom engineering typically accounts for 10-20% of total investment, and the global demand for cleanroom engineering is rapidly increasing, particularly in North America, which is identified as the market with the greatest potential [1][3] - The surge in investment intensity has led to saturation among primary suppliers involved in factory construction, and the long training cycle for new engineers makes it difficult to meet the short-term spike in demand, resulting in an inevitable overflow of orders [1][3] Group 2 - Supply chain security and AI computing power are the two core factors driving global chip expansion, with the mature process chip expansion being driven by risk-averse demand and the advanced process chip expansion being driven by AI computing power demand [2] - TSMC holds 90% of the global advanced process capacity and is significantly accelerating capacity expansion in Taiwan and the United States through substantial capital expenditures [2] Group 3 - Investment recommendations highlight Shenghui Integrated (603163.SH) and Yaxiang Integrated (603929.SH) as key players in the cleanroom engineering sector, with Shenghui expected to benefit from expanding overseas business and significant growth in revenue and profit [4] - Shenghui's new orders increased by 70% in the first half of 2025, with a 63% increase in orders on hand compared to the end of the previous year, and a projected net profit growth of 24.1% to 47.9% from 2025 to 2027 [4] - Yaxiang is benefiting from the restructuring of the global semiconductor supply chain and has secured major overseas wafer factory projects, with expectations of continued significant orders due to ongoing demand for semiconductor capacity expansion in Singapore [4]

Core Viewpoint - Shenghui System Integration Group Co., Ltd. reported a steady growth in its order backlog, indicating a positive business development trend as of September 30, 2025 [2] Group 1: Order Backlog Details - As of September 30, 2025, the company's order backlog reached 2.214 billion yuan (excluding tax), representing a year-on-year increase of 21.21% [2] - The IC semiconductor industry is the primary source of orders, with a backlog of 1.633 billion yuan (excluding tax); the precision manufacturing industry has a backlog of 464 million yuan (excluding tax); and the optoelectronics and other industries have a backlog of 117 million yuan (excluding tax) [2] - The fluctuation in the order amounts for the IC semiconductor and optoelectronics industries is attributed to internal classification adjustments, specifically a transfer of 675 million yuan from the optoelectronics and other industries to the IC semiconductor industry [2] Group 2: Future Disclosure and Order Execution - The company will continue to disclose order backlog data either separately or in regular reports to provide reference for investors [3] - The disclosed data is based on internal statistics and is unaudited, meaning it cannot be directly used to infer revenue or net profit figures; the order data may vary monthly due to statistical criteria and tax factors [3] - Due to differing delivery cycles among business types, it is expected that not all orders will be recognized as revenue within the year, and execution may be affected by various uncontrollable factors, leading to uncertainty in the impact on current and future performance [3]

Key Recommendations - The report highlights the social services industry, particularly focusing on the chain restaurant sector, recommending leading brands that offer good value for money in the dining and tea beverage segments [7] - The construction industry report emphasizes the necessity of cleanroom engineering as a critical component of AI infrastructure, with global demand for construction rapidly increasing [11] Industry and Company Insights - In the restaurant sector, the report notes that in September 2025, the stock prices of major restaurant brands faced pressure, with notable increases for brands like Xiaobai Xiaobai (+33%) and Yum Brands (+4%) [7] - The mid-year financial summary indicates that the tracked chain restaurant leaders saw a 29% increase in net profit attributable to shareholders in the first half of 2025, with a 16% revenue growth, outperforming the overall retail dining market growth of 4% [7] - The cleanroom engineering market is driven by the need for controlled environments in precision product manufacturing, with investments in cleanroom engineering typically accounting for 10-20% of total project costs [11] - The global cleanroom market is expected to grow due to increasing demands for semiconductor manufacturing and data center construction, particularly in North America, which is identified as a market with significant potential [11] Market Dynamics - The report indicates that in September 2025, the domestic restaurant revenue showed a slight year-on-year increase of 1%, recovering from previous months' declines [7] - The cleanroom engineering demand is expected to rise as companies like TSMC ramp up investments in the U.S., with TSMC planning an additional $100 billion investment, indicating a robust growth trajectory for the cleanroom sector [11] Investment Recommendations - The report suggests focusing on leading companies in the cleanroom engineering space, such as Shenghui Integration and Yaxiang Integration, which are expected to benefit from the global semiconductor supply chain restructuring [12] - In the restaurant sector, it recommends investing in brands like Xiaobai Xiaobai, Gu Ming, and Mi Xue Group, which are positioned to capitalize on the recovery and growth in the dining market [9]

Core Insights - Cleanroom and facility engineering are essential components for the expansion of the AI computing power supply chain [2] - The global cleanroom market is experiencing continuous growth due to increasing environmental requirements as industrial product process dimensions shrink [2][4] Industry Overview - Supply chain security and AI computing power are the two main drivers for global chip production expansion [3] - The expansion of mature process chips is driven by risk aversion, particularly influenced by the decoupling between China and the U.S., leading to increased domestic production in China [3] - Advanced process chip expansion is driven by AI computing power demand, with TSMC controlling 90% of global advanced process capacity [3] Market Potential - North America is identified as the market with the greatest potential for cleanroom engineering demand [4] - TSMC's significant investment in the U.S. is expected to accelerate capacity construction, with a total planned investment of $165 billion, including an additional $100 billion announced in March 2025 [4] - The rapid increase in investment intensity has led to saturation among primary suppliers involved in factory construction, creating a likely overflow of orders [4] Company Recommendations - Shenghui Integrated is recommended due to its extensive overseas market experience and strong order growth, with a 70% increase in new orders and a 39% rise in revenue in the first half of 2025 [5][6] - Yaxiang Integrated is also recommended, benefiting from the restructuring of the global semiconductor supply chain, with significant overseas project wins, although there are concerns about the sustainability of overseas orders [5][6]

Core Viewpoint - Shenghui Integrated announced stable industry development and steady business growth, with a significant increase in order backlog as of September 30, 2025 [2] Group 1: Order Backlog - The total order backlog of the company reached 2.214 billion (未含税), representing a year-on-year increase of 21.21% [2] - The order backlog in the IC semiconductor sector amounted to 1.633 billion (未含税) [2] - The order backlog in the precision manufacturing sector was 464 million (未含税) [2] - The order backlog in the optoelectronics and other sectors totaled 117 million (未含税) [2]