所以这块，其实我们其实也是属于在一直一在讲，我们现在不光要讲。这个就是之前的时 候，我们对国产期待其实分为两个阶段吧。第一个阶段之前是去美，然后这个现在，其实 除了一些像比如说光刻机、高能离子注入，还有像一些这个可能是比较个别的，一些这个 产品，其实很多的这个大部分都已经这个相当于是攻坚成功了，然后但是后边还有趋势这 块，之前的话其实一直排在，从优先级上来看来看，排的是相对比较靠后的。那我们认为 就是从这个今年开始，觉得这个可能是会作为一个这样的一个转折点，所以趋势的这个积 极性，这个或者是属于这个需求，也是拉到了一个和趣美同样的一个高度，所以这块我们 觉得，其实这个还是有一些意义所在的。 马良 国投证券电子首席: 各位投资者大家晚上好，我是国投电子的首席分析师马良。今天我和我们团队的同事，周 兆雨彤给大家分享一下关于近期的这个电子行业的一个动态，然后还有包括光刻胶的一些 行业更新。因为大家可以看到，其实整个的这个市场还是就非常火热的。其实这个，对于 电子行业，也是一样的一个情况，其实无非就是说现在整个市场大家的这个关注点到底在 哪里？然后我们根据我们现在了解到的这个，可以看到的，就包括像这个什么商业航空也 ...

股票代码：603650 股票简称：彤程新材 彤程新材料集团股份有限公司 2026 年第一次临时股东会 会议资料 二零二六年一月 彤程新材料集团股份有限公司 2026 年第一次临时股东会会议资料 目录 | 一、2026 年第一次临时股东会会议须知 3 | | --- | | 二、2026 年第一次临时股东会会议议程 5 | | 三、议案一：关于公司发行 H 股股票并在香港联合交易所有限公司主板上市的议案 7 | | 四、议案二：关于公司发行 H 股股票并在香港联合交易所有限公司主板上市方案的议案 8 | | 五、议案三：关于公司申请转为境外募集股份有限公司的议案 12 | | 六、议案四：关于公司发行 H 股股票并在香港联合交易所有限公司主板上市决议有效期的 | | 议案 13 | | 七、议案五：关于公司发行 H 股股票募集资金使用计划的议案 14 | | 八、议案六：关于提请股东会授权董事会及其授权人士全权处理与本次发行 H 股并上市有 | | 关事项的议案 15 | | 九、议案七：关于公司发行 H 股股票前滚存利润分配方案的议案 22 | | 十、议案八：关于修订公司于 H 股发行上市后适用的《公司章程 ...

Market Overview - Major Asia-Pacific indices showed a collective decline, with the A-share market also experiencing consolidation, as the Shanghai Composite Index fluctuated while the Shenzhen Component and ChiNext indices performed weakly. The total trading volume in Shanghai, Shenzhen, and Beijing reached 2.8 trillion yuan, an increase of 72 billion yuan compared to the previous day [1] Real Estate Sector - The real estate sector rebounded strongly, with a notable increase in the price of a real estate ETF (159707) by 3.22%, marking multiple consecutive gains. According to the National Bureau of Statistics, the sales price of newly built commercial residential properties in first-tier cities decreased by 0.3% month-on-month in December 2025, with Shanghai seeing a slight increase of 0.2% [1] Chemical Sector - The chemical sector experienced a significant rally, with the chemical ETF (516020) reaching a new high since August 2022, closing up 1.27%. Major companies in the sector, such as BASF and Dow, have been raising prices across Europe, Asia, and the Middle East. The ETF attracted 1.148 billion yuan in the last ten days [1][4] - The chemical ETF has seen substantial net inflows, with over 5.8 billion yuan in net subscriptions in the last five trading days and 11 billion yuan in the last ten days. The Ministry of Industry and Information Technology has set guidelines for zero-carbon factory construction, which may limit new capacity in the chemical sector [6][7] Banking Sector - The banking sector showed resilience amid market volatility, with a significant number of bank stocks rising. The top bank ETF (512800) closed up 0.77%, ending a four-day losing streak. Historical data indicates that the banking sector has a high probability of generating absolute and excess returns before the Spring Festival, with an average return of 4.4% from 2017 to 2025 [8][11][14] - The banking sector is expected to benefit from continued growth in credit, supported by stable growth policies and a favorable low-interest-rate environment. The latest dividend yield for the banking index stands at 4.78%, significantly higher than the 10-year government bond yield of 1.84% [14][15] AI and Technology Sector - The AI and technology sectors faced a downturn, with the entrepreneurial AI ETF (159363) experiencing a four-day decline. Despite this, the sector remains attractive for future investments, particularly in light of ongoing developments in AI applications and infrastructure [16][18] - The communication and semiconductor industries are expected to see increased attention due to their potential for earnings upgrades, with significant growth anticipated in the coming years [18][20]

化工板块今日（1月20日）继续上攻！反映化工板块整体走势的化工ETF（516020）开盘后震荡走弱， 午后突然拉升，盘中场内价格最高涨幅达到1.7%，截至收盘，涨1.27%，收盘价续创2022年8月以来新 高。 成份股方面，涂料、氮肥、石化等板块部分个股涨幅居前。截至收盘，三棵树涨停，鲁西化工飙涨 8.89%，卫星化学、恒力石化、彤程新材等涨超6%。 | | | | 分时 多日 1分 5分 15分 30分 60分 日 周 月 里多 | | | | | F9 盘前盘后 盘加 九特 画线 工具 @ 2 > | | REETE O | | | 516020 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 516020(化工ETF) 15:00 � 0.956 图数 0.013(1.38%) 均价 0.947 成交量 1 IOPV 0.9557 | | | | 2026/01/20 | E 1.014 | 0.955 | | | +0.012 +1.27% | | 0.0 ...

证券之星消息，1月20日橡胶板块较上一交易日上涨1.6%，彤程新材领涨。当日上证指数报收于 4113.65，下跌0.01%。深证成指报收于14155.63，下跌0.97%。橡胶板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603650 | 彤程新材 | 64.30 | 6.37% | 49.58万 | 30.60亿 | | 301459 | 丰戊股份 | 51.60 | 2.28% | 6.37万 | 3.29亿 | | 002753 | 永东股份 | 7.53 | 1.89% | 11.91万 | 8912.20万 | | 301300 | 远翔新材 | 46.53 | 0.89% | - 3.17万 | 1.49亿 | | 002224 | 三力士 | 4.59 | 0.88% | 31.64万 | 1.45 乙 | | 605183 | 确成股份 | 21.36 | 0.66% | 3.94万 | 8398.74万 | | 002381 | 双箭股份 | 6.95 ...

Core Insights - The global semiconductor materials market is experiencing a strong recovery, with a market size of $66.7 billion in 2023 and expected to exceed $73 billion by 2025, driven by demand from AI and wafer fab expansions [1] - China is becoming a key growth engine in the semiconductor materials market, with a sales figure of $13.1 billion in 2023, marking a year-on-year growth of 3.8% and increasing its global market share to 20% [1] Market Structure - Semiconductor materials are divided into wafer manufacturing materials and packaging materials, with wafer manufacturing materials dominating the market at 62.2% share ($41.5 billion) in 2023 [2] - Silicon wafers hold the largest share in wafer manufacturing materials at 33%, followed by electronic specialty gases (14%) and photomasks (13%) [2] - The market is highly concentrated, with major players in silicon wafers and photolithography materials predominantly from Japan and the U.S. [2] Core Material Breakthroughs - Domestic companies are making significant progress in wafer manufacturing materials, with local firms achieving breakthroughs in 12-inch silicon wafers and photolithography materials [3][4] - The domestic market for electronic specialty gases is also advancing, with companies like Huate Gas entering the TSMC supply chain [4] Packaging Materials - The global packaging materials market saw a decline of 10.1% to $25.2 billion in 2023, but advanced packaging is driving growth, with a projected increase of 19.62% [5] - Domestic companies are rapidly iterating technology in advanced packaging materials, with significant market shares in lead frames and packaging substrates [5] Import Dependency and Policy Support - China still faces significant import dependency in key categories like photolithography materials and electronic specialty gases, with over 90% reliance on imports for high-end materials below 14nm [6][8] - The government is focusing on critical areas through initiatives like the National Big Fund, aiming for 70% self-sufficiency in core materials by 2030 [6][8] Challenges and Future Outlook - Despite notable advancements, the industry faces challenges such as reliance on foreign technology for EUV-grade silicon wafers and high-end photolithography materials [7] - The advanced packaging materials market is expected to reach $39.3 billion by 2025, indicating a significant growth opportunity for domestic companies [7]

Group 1 - The core point of the news is that Tongcheng New Materials has seen a significant increase in stock price, rising by 5.18% to 63.58 CNY per share, with a trading volume of 1.93 billion CNY and a market capitalization of 39.17 billion CNY as of January 20 [1] - Tongcheng New Materials Group Co., Ltd. is located in the China (Shanghai) Free Trade Zone and was established on June 4, 2008, with its listing date on June 27, 2018. The company specializes in the research, production, sales, and related trade of fine chemical materials [1] - The main business revenue composition of Tongcheng New Materials includes rubber additives and other products at 70.06%, electronic materials at 26.69%, and fully biodegradable materials at 3.25% [1] Group 2 - From the perspective of fund holdings, Changsheng Fund has a significant position in Tongcheng New Materials, with its Changsheng Tongzhi Advantage Mixed Fund (LOF) holding 251,400 shares, accounting for 3.38% of the fund's net value, making it the fourth-largest holding [2] - The Changsheng Tongzhi Advantage Mixed Fund (LOF) was established on January 5, 2007, with a latest scale of 329 million CNY. Year-to-date returns are 5.62%, ranking 3850 out of 8848 in its category, while the one-year return is 18.23%, ranking 5502 out of 8093 [2] - The fund manager of Changsheng Tongzhi Advantage Mixed Fund (LOF) is Qian Wenli, who has been in the position for 8 years and 88 days, with a total asset scale of 444 million CNY. The best fund return during his tenure is 131.18%, while the worst is -42.87% [3]

Group 1 - The rubber sector experienced a 2.4% increase on January 16, with LianKe Technology leading the gains [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] - Key stocks in the rubber sector showed significant price increases, with LianKe Technology rising by 10.01% to a closing price of 27.15 [1] Group 2 - The rubber sector saw a net outflow of 70.25 million yuan from main funds, while retail investors contributed a net inflow of 59.69 million yuan [2] - LianKe Technology had a main fund net inflow of 65.53 million yuan, representing 18.43% of its trading volume [3] - Other notable stocks included Kexin New Energy with a main fund net inflow of 53.18 million yuan, but a net outflow from retail investors of 57.30 million yuan [3]

每经AI快讯，1月16日，芯片股早盘继续走强，天岳先进拉升涨超12%，彤程新材（603650）、三孚股 份（603938）、利扬芯片、恒坤新材、精测电子（300567）等涨超7%。 ...

Group 1 - Nanda Optoelectronics is a core enterprise in the semiconductor materials field, focusing on the R&D and mass production of ArF photoresists, having achieved breakthroughs that disrupt the monopoly of Japanese and American companies in the mid-to-high-end photoresist market [1][38][39] - The company has established deep cooperation with foundries in the Yangtze River Delta and has successfully validated its ArF photoresist for 28nm processes, leading to significant order growth and capacity expansion following the introduction of U.S. semiconductor tariffs in 2026 [1][39] - The National Big Fund has provided financial support for its photoresist projects, enhancing its first-mover advantage in the domestic photoresist market [1][39] Group 2 - Tongcheng New Materials, based in Shanghai, is a leading domestic rubber additive company that has entered the photoresist market through the acquisition of Beixu Electronics, focusing on the R&D and production of KrF photoresists [2][40] - The company has established stable partnerships with major domestic foundries, achieving large-scale production of KrF photoresists widely used in memory chips and power devices [2][40] - Plans for an H-share listing in 2026 aim to raise funds for high-end photoresist R&D and capacity expansion, further enhancing its competitive edge in the domestic market [2][40] Group 3 - Dinglong Co., headquartered in Wuhan, is a leader in printing and copying consumables, diversifying into semiconductor materials with a focus on polishing pads and supporting materials for photoresists [3][41] - The company has established close cooperation with major foundries like SMIC, achieving import substitution for its CMP polishing pads, which supports its photoresist business [3][41] - Following the U.S. semiconductor tariffs, there has been a surge in demand for localized supporting materials, leading to increased orders for its photoresist and related products [3][41] Group 4 - Yake Technology, located in Jiangsu, has entered the semiconductor photoresist market through the acquisition of South Korea's UP Chemical, focusing on KrF and ArF photoresists [4][42] - The company has integrated the technical advantages of the Korean team with domestic market resources, positioning itself as a core supplier of mid-to-high-end photoresists in the global semiconductor supply chain [4][42] - The electronic specialty gas business complements its photoresist offerings, providing a one-stop material solution for foundries [4][42] Group 5 - Dongcai Technology, based in Sichuan, specializes in high polymer resin materials for photoresists, leveraging its chemical industry foundation in the Southwest [5][43] - The company has achieved batch supply of resin products for various photoresist models, including G/I line and KrF, validated by multiple domestic photoresist manufacturers [5][43] - The demand for localized raw materials has surged following the U.S. semiconductor tariffs, leading to increased production capacity and a focus on high-end resin materials for ArF photoresists [5][43] Group 6 - Lianhong New Materials, located in Shandong, produces core raw materials such as monomers and solvents for photoresists, achieving low-cost production with quality meeting import standards [6][44] - The company has established long-term partnerships with downstream photoresist manufacturers, enhancing product adaptability and market share [6][44] - The acceleration of domestic substitution due to U.S. tariffs has led to a significant increase in orders for its photoresist raw materials [6][44] Group 7 - Shengquan Group, based in Shandong, focuses on developing phenolic and epoxy resins for photoresists, achieving breakthroughs in green and high-performance materials [7][45] - The company has become a core supplier for downstream photoresist manufacturers, benefiting from the growing demand for upstream resin materials following the U.S. semiconductor tariffs [7][45] - Increased R&D investment aims to develop high-end resin materials for KrF photoresists, further extending its position in the semiconductor materials industry [7][45] Group 8 - Shanghai Xinyang, a leader in semiconductor cleaning liquids, has diversified into the photoresist market, focusing on G/I line and electroplating photoresists [8][46] - The company has achieved large-scale production of G/I line photoresists, becoming a major supplier for domestic packaging applications [8][46] - The introduction of U.S. tariffs has accelerated the domestic adoption of photoresist materials, significantly increasing order volumes for its products [8][46] Group 9 - Jingrui Electric Materials, located in Jiangsu, is a leader in microelectronic materials, with its photoresist business covering multiple models including G/I line and KrF [9][48] - The company has accumulated extensive experience in photoresist R&D and production, with KrF photoresists entering the customer validation phase [9][48] - The U.S. semiconductor tariffs have led to a significant increase in domestic procurement of photoresists, resulting in notable revenue growth for the company [9][48] Group 10 - Huamao Technology, based in Fujian, has entered the photoresist market through the acquisition of XuZhou Bokan, focusing on ArF photoresist R&D [10][49] - The company aims to leverage its technical reserves to achieve breakthroughs in the production of mid-to-high-end photoresists, particularly in automotive semiconductor applications [10][49] - The acceleration of domestic substitution due to U.S. tariffs positions the company favorably in the ArF photoresist market [10][49] Group 11 - Jingfang Technology, headquartered in Jiangsu, specializes in semiconductor packaging and testing, relying on photoresists as a core consumable in its processes [11][50] - The company is enhancing cooperation with domestic photoresist manufacturers to optimize supply chain costs amid the push for domestic substitution [11][50] - The growth in demand from automotive electronics and AIoT sectors is driving the expansion of its packaging business, indirectly benefiting from the photoresist market [11][50] Group 12 - Xinlai Yingcai, based in Jiangsu, is a leader in ultra-pure fluid equipment, providing clean production equipment for photoresist manufacturing [12][51] - The company is expanding its product offerings to include ultra-clean equipment suitable for ArF and EUV photoresist production [12][51] - The demand for clean equipment has surged following the U.S. semiconductor tariffs, leading to significant order growth [12][51] Group 13 - Hubei Yihua, located in Hubei, is a leader in basic chemicals, producing raw materials for photoresists such as chlorobenzene and phosphorus trichloride [13][53] - The company has achieved large-scale production of photoresist raw materials, benefiting from the growing demand for localized supply following U.S. tariffs [13][53] - Its integrated chemical industry advantages help reduce production costs, enhancing its competitiveness in the photoresist supply chain [13][53]