Core Viewpoint - Shengjian Technology (603324.SH) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 831 million yuan, representing a year-on-year decrease of 16.38% [1] - The net profit attributable to shareholders was 30.71 million yuan, down 66.43% year-on-year [1] - The basic earnings per share were reported at 0.21 yuan [1]

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/） 证券代码：603324 证券简称：盛剑科技 公告编号：2025-068 上海盛剑科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 11 月 6 日（星期四）下午 14:00-15:00 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 10 月 30 日（星期四）至 11 月 5 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@sheng-jian.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。 上海盛剑科技股份有限公司（本文简称"公司"）已于 2025 年 10 月 30 日发 布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状 ...

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。 一、监事会会议召开情况 证券代码：603324 证券简称：盛剑科技 公告编号：2025-067 上海盛剑科技股份有限公司 第三届监事会第十五次会议决议公告 本议案具体内容详见同日在上海证券交易所网站（www.sse.com.cn）披露 的《2025 年第三季度报告》。 表决结果：3 票同意，0 票反对，0 票弃权。 特此公告。 上海盛剑科技股份有限公司监事会 上海盛剑科技股份有限公司（以下简称"公司"）第三届监事会第十五次 会议于2025年10月28日（星期二）以通讯方式召开。会议通知已于2025年10月 23日以电子邮件等方式送达全体监事。本次会议应出席监事3人，实际出席监事 3人。 本次会议由监事会主席刘庆磊先生主持，公司董事、高级管理人员列席。 会议召开符合有关法律、法规、部门规章、规范性文件和《公司章程》等的规 定。 二、监事会会议审议情况 （一）审议通过《关于公司 2025 年第三季度报告的议案》。 监事会认为：公司 2025 年第三季度报告的编制和审议程序符合法律法规 ...

证券代码：603324 证券简称：盛剑科技 公告编号：2025-066 二、董事会会议审议情况 （一）审议通过《关于公司2025年第三季度报告的议案》。 本议案具体内容详见同日在上海证券交易所网站（www.sse.com.cn）披露 的《2025年第三季度报告》。 表决结果：7票同意，0票反对，0票弃权。 本议案在提交董事会审议前已经公司审计委员会审议通过。 上海盛剑科技股份有限公司 第三届董事会第十七次会议决议公告 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 上海盛剑科技股份有限公司（以下简称"公司"）第三届董事会第十七次 会议于2025年10月28日（星期二）以通讯方式召开。会议通知已于2025年10月 23日以电子邮件等方式送达全体董事。本次会议应出席董事7人，实际出席董事 7人。 本次会议由董事长张伟明先生主持，公司监事、高级管理人员列席。会议 召开符合有关法律、法规、部门规章、规范性文件和《公司章程》等的规定。 2025年10月30日 上海盛剑科技股份有限公司董事会 特此公告。 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥254,594,346.51, a decrease of 22.89% compared to the same period last year[3] - The total profit for the period was -¥23,832,752.76, reflecting a decline of 197.72% year-on-year[3] - The net profit attributable to shareholders was -¥11,486,705.49, down 145.55% compared to the previous year[3] - The basic earnings per share for the period was -¥0.08, a decrease of 147.06% year-on-year[3] - The net profit attributable to shareholders for the year-to-date was ¥30,707,129.47, down 66.43% year-on-year[3] - The company reported a decrease in total profit for the year-to-date of 70.34% compared to the previous year[3] - Total operating revenue for the first three quarters of 2025 is CNY 830,923,213.71, a decrease of 16.4% compared to CNY 993,675,118.35 in the same period of 2024[31] - Operating profit for the first three quarters of 2025 is CNY 28,473,843.14, a decline of 70.2% from CNY 95,440,669.03 in the previous year[32] - Net profit for the first three quarters of 2025 is CNY 30,608,489.64, compared to CNY 91,878,179.49 in 2024, representing a decrease of 66.7%[32] - Basic and diluted earnings per share for the first three quarters of 2025 are both CNY 0.21, down from CNY 0.63 in the same period of 2024[33] Assets and Liabilities - The total assets at the end of the period were ¥3,556,986,653.85, a decrease of 9.78% from the previous year[4] - Total assets as of the latest reporting date amount to CNY 3,556,986,653.85, a decrease from CNY 3,942,382,816.71[28] - Total liabilities decreased to CNY 1,863,794,933.31 from CNY 2,252,106,625.29, indicating a reduction of 17.2%[28] - Non-current liabilities increased to CNY 501,755,754.07 from CNY 466,045,436.92, reflecting an increase of 7.7%[28] - Total equity as of the latest reporting date is CNY 1,693,191,720.54, slightly up from CNY 1,690,276,191.42[28] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥218,915,114.81[3] - Cash flow from operating activities for the first three quarters of 2025 is not provided, but the company reported significant changes in net profit and operating costs, indicating potential cash flow challenges[34] - In the first three quarters of 2025, the cash inflow from operating activities was CNY 810,505,470.40, a decrease of 13.6% compared to CNY 938,660,255.80 in the same period of 2024[36] - The net cash flow from operating activities was negative CNY 218,915,114.81 for the first three quarters of 2025, worsening from negative CNY 389,217,083.84 in 2024[36] - The cash outflow from investing activities totaled CNY 107,792,630.28 in 2025, compared to CNY 225,685,933.92 in 2024, resulting in a net cash flow from investing activities of negative CNY 107,789,130.28[37] - Cash inflow from financing activities was CNY 416,971,926.30 in 2025, down from CNY 530,290,657.27 in 2024, with a net cash flow of CNY 91,290,540.36[37] - The ending cash and cash equivalents balance for 2025 was CNY 165,533,303.20, slightly down from CNY 170,584,200.89 in 2024[37] - The company reported a significant increase in cash paid for purchasing goods and services, totaling CNY 714,080,233.77 in 2025, compared to CNY 876,574,104.09 in 2024[36] - The cash received from other operating activities was CNY 64,471,788.54 in 2025, compared to CNY 55,410,695.17 in 2024, indicating a growth of approximately 16.5%[36] - The company experienced a decrease in cash received from sales of goods and services, which was CNY 733,196,422.37 in 2025, down from CNY 883,249,560.63 in 2024, reflecting a decline of about 17%[36] - The company’s cash flow from financing activities included CNY 397,059,693.23 from borrowings in 2025, compared to CNY 480,319,109.58 in 2024, showing a decrease of approximately 17.3%[37] Shareholder Information - The company had a total of 15,637 common shareholders at the end of the reporting period[10] - The top shareholder, Zhang Weiming, holds 60.52% of the shares, significantly influencing company decisions[11] - The company has not identified any related party relationships among the top shareholders, except for the actual controllers[11] - The company has not engaged in any securities lending activities during the reporting period[12] Share Repurchase and Convertible Bonds - The company plans to repurchase shares using between RMB 30 million and RMB 60 million from February 19, 2024, to February 18, 2025[13] - The total share capital after the rights distribution will be 149,462,500 shares, with a capital increase of 0.2 shares per share held[14] - The company completed a share repurchase of 1,205,900 shares, accounting for 0.82% of the total share capital, at an average price of RMB 25.08 per share[15] - The company intends to issue convertible bonds to raise up to RMB 500 million for semiconductor equipment projects and working capital[16] - The company received an inquiry letter from the Shanghai Stock Exchange regarding its application for issuing convertible bonds, which it is addressing[17] - The company adjusted the maximum repurchase price from RMB 41.43 to RMB 34.34 per share following the rights distribution[14] - The company will continue to update financial data in response to regulatory inquiries regarding the convertible bond issuance[18] - The company plans to issue convertible bonds totaling up to RMB 492.8049 million, with adjustments made to the issuance scale and fundraising purposes[19] - On August 8, 2025, the company decided to terminate the issuance of convertible bonds and withdraw the application due to changes in external environment and overall development plans[20] - The company completed the cancellation of 509,000 repurchased shares from 2022, reducing the total share capital from 149,074,060 to 148,565,060 shares[22] - The company plans to repurchase and cancel 750,000 shares from the 2023 employee stock ownership plan at a price of RMB 14.5833 per share plus bank interest[23] - A total of 885,480 shares from the 2023 employee stock ownership plan were canceled, further reducing the total share capital to 147,679,580 shares[25] Accounting Standards - The company did not apply new accounting standards for the year 2025, as indicated in their announcement[38]

Core Insights - The environmental equipment sector saw a rise of 0.71% on October 27, with Huahong Technology leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Environmental Equipment Sector Performance - Huahong Technology (002645) closed at 16.21, with a gain of 7.35% and a trading volume of 521,600 shares, amounting to a transaction value of 832 million [1] - ST Xianhe (300137) closed at 8.28, up 4.15%, with a trading volume of 151,800 shares and a transaction value of 124 million [1] - Longyuan Technology (300105) closed at 7.90, increasing by 2.46%, with a trading volume of 189,200 shares and a transaction value of 148 million [1] - Other notable performers include Shengjian Technology (603324) with a 2.19% increase and a closing price of 27.03, and Bixing Wulian (688671) with a 1.74% increase, closing at 22.79 [1] Capital Flow Analysis - The environmental equipment sector experienced a net outflow of 52.4 million from institutional investors, while retail investors saw a net inflow of 42.5 million [2] - Huahong Technology had a significant net outflow of 34.9 million from institutional investors, while ST Xianhe saw a net inflow of 15.5 million [3] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remain active in the market [2][3]

Core Insights - The semiconductor exhaust gas treatment equipment is essential for ensuring compliance with environmental regulations during wafer manufacturing and packaging testing, converting harmful substances into harmless ones through various methods [1][2][4] - The industry has received significant support from national policies, creating a comprehensive framework for development and a clear upgrade path, leading to a projected market size of 1,302.8 billion yuan by 2024 [1][4][5] - The market is transitioning from single equipment sales to a "technology + service" model, with increasing penetration of third-party treatment solutions [1][6][10] Industry Overview - Semiconductor exhaust gas treatment equipment is designed to handle various harmful substances produced during manufacturing, ensuring compliance with environmental regulations [2][3] - The equipment types include activated carbon adsorption, catalytic oxidation, thermal oxidation, biological filters, condensation absorption, and scrubbers, each targeting specific types of waste gas [3][4] Market Dynamics - The Chinese semiconductor market is expected to reach 1,302.8 billion yuan in 2024, a 47.2% increase from 884.8 billion yuan in 2020, with a compound annual growth rate (CAGR) of 10.5%, significantly outpacing the global growth rate of 5.2% [5][6] - The global semiconductor exhaust gas treatment market is projected to grow from approximately 1.38 billion USD in 2024 to 1.46 billion USD in 2025 [6] Policy Support - Recent national policies, including the "High-Quality Development Action Plan for Environmental Equipment Manufacturing Industry (2022-2025)" and the "Air Quality Continuous Improvement Action Plan," provide a clear upgrade path and broad market opportunities for the industry [4][5] Competitive Landscape - The industry features a mix of international giants and leading domestic companies, with firms like Edwards Vacuum and Ebara dominating the high-end market, while local companies like Shengjian Technology and Jingyi Equipment are expanding in the mid-range market [6][10] - The competition is shifting from price-based to technology and service capabilities, with local firms increasingly closing the gap with international brands [10][11] Future Trends - The industry is moving towards smart and low-carbon solutions, integrating IoT and AI for real-time monitoring and dynamic adjustments, enhancing operational efficiency [9][11] - The focus on carbon capture and resource recovery technologies is emerging, with some equipment already capable of recovering useful components from specific waste gases [11]

Market Overview - The environmental equipment sector rose by 0.64% on October 22, with ST Xianhe leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - ST Xianhe (300137) closed at 8.02, up 4.43% with a trading volume of 138,100 shares and a turnover of 110 million yuan [1] - Yutong (600817) closed at 11.76, up 2.89% with a trading volume of 83,400 shares [1] - Jiuwu High-Tech (300631) closed at 31.67, up 2.39% with a trading volume of 166,000 shares [1] - Other notable performers include Falunsheng (000890) up 1.65% and Chulin Technology (001336) up 1.48% [1] Fund Flow Analysis - The environmental equipment sector experienced a net outflow of 22.79 million yuan from institutional investors, while retail investors saw a net outflow of 17.78 million yuan [2] - Conversely, speculative funds recorded a net inflow of 40.58 million yuan [2] Individual Stock Fund Flow - Huahong Technology (002645) had a net inflow of 17.58 million yuan from institutional investors, while retail investors faced a net outflow of 38.68 million yuan [3] - Zhitong Heavy Industry (600817) saw a net inflow of 11.17 million yuan from institutional investors, with retail investors also experiencing a net outflow [3] - Longyuan Technology (300105) had a net inflow of 7.25 million yuan from institutional investors, while retail investors faced a net outflow of 3.56 million yuan [3]

Group 1 - The core viewpoint of the news is that Shengjian Technology's stock has shown a positive trend, with a year-to-date increase of 9.68% and a market capitalization of 4.173 billion yuan as of October 13 [1] - As of June 30, 2025, Shengjian Technology reported a revenue of 576 million yuan, a year-on-year decrease of 13.14%, and a net profit attributable to shareholders of 42.19 million yuan, down 36.31% year-on-year [2] - The company has distributed a total of 154 million yuan in dividends since its A-share listing, with 71.5 million yuan distributed over the past three years [3] Group 2 - The main business of Shengjian Technology includes the research and development, manufacturing, system integration, and operation management of semiconductor process waste gas treatment systems and key equipment, with 68.25% of revenue coming from green factory systems [1] - As of June 30, 2025, the number of shareholders of Shengjian Technology decreased by 6.79% to 16,500, while the average circulating shares per person increased by 7.28% to 9,023 shares [2] - The company is categorized under the environmental protection industry, specifically in the environmental equipment sector, and is associated with concepts such as Huawei HiSilicon, photoresist, advanced packaging, electronic chemicals, and SMIC [1]

Core Insights - The environmental equipment sector saw a rise of 0.92% on October 9, with Jiuwu Gaoke leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Environmental Equipment Sector Performance - Jiuwu Gaoke (300631) closed at 34.21, up 4.24% with a trading volume of 108,100 shares and a transaction value of 366 million [1] - Shengjian Technology (603324) closed at 28.41, up 3.31% with a trading volume of 73,000 shares and a transaction value of 206 million [1] - Xuedilong (002658) closed at 8.13, up 3.17% with a trading volume of 219,500 shares and a transaction value of 177 million [1] - Other notable performers include ST Xianhe (300137) up 2.96%, Longjing Environmental (600388) up 2.72%, and Huahong Technology (002645) up 2.68% [1] Capital Flow Analysis - The environmental equipment sector experienced a net outflow of 17.02 million from institutional investors, while retail investors saw a net outflow of 51.31 million [2] - Conversely, speculative funds recorded a net inflow of 68.33 million [2] Individual Stock Capital Flow - Huahong Technology (002645) had a net inflow of 62.44 million from institutional investors, while it faced a net outflow of 21.82 million from retail investors [3] - Xuedilong (002658) saw a net inflow of 17.14 million from institutional investors, with a net outflow of 24.95 million from retail investors [3] - Shengjian Technology (603324) had a net inflow of 13.68 million from institutional investors, while retail investors experienced a net outflow of 21.17 million [3]