关于全资子公司完成工商变更登记的公告 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个别及连带责任。 证券代码：603938 证券简称：三孚股份 公告编号：2026-012 唐山三孚硅业股份有限公司 经营范围：一般项目：电子专用材料制造；化工产品生产（不含许可类化工 产品）；电子专用材料研发；化工产品销售（不含许可类化工产品）；货物进出 口；技术进出口。（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）许可项目：危险化学品生产。（依法须经批准的项目，经相关部门批准后方 可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准） 唐山三孚硅业股份有限公司（以下简称"公司"）于 2026 年 2 月 6 日召开 第五届董事会第十八次会议，审议通过了《关于对全资子公司增资的议案》，根 据公司发展规划，为支持全资子公司唐山三孚电子材料有限公司（以下简称"三 孚电子材料"）"新建 200 吨/年（一期 40 吨/年）SOD及配套溶剂项目"建设， 公司拟对全资子公司三孚电子材料增资 10,000.00 万元人民币。增资完成后三孚 电子 ...

董事、高级管理人员持股的基本情况 本次减持计划实施前，唐山三孚硅业股份有限公司（以下简称"公司"）董事、高 级管理人员董立强先生持有公司无限售条件流通股 171,884 股，占公司总股本的 0.0449%；高级管理人员周连会先生持有公司无限售条件流通股 138,783 股，占公司总 股本的 0.0363%；董事、高级管理人员张宪民先生持有公司无限售条件流通股 20,076 股，占公司总股本的 0.0052%。 减持计划的实施结果情况 证券代码：603938 证券简称：三孚股份 公告编号：2026-011 唐山三孚硅业股份有限公司 董事、高级管理人员减持股份结果公告 本公司董事会、全体董事及相关股东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： 减持计划实施完毕 公司于 2026 年 2 月 26 日收到《董事、高级管理人员减持股份结果告知函》，截止 2026 年 2 月 26 日，董立强先生累计通过集中竞价的方式减持 42,900 股，占总股本的 0.0112%；周连会先生累计通过集中竞价的方式减持 34,600 股，占总股本的 0 ...

Core Viewpoint - Sanfu Co., Ltd. (603938) has experienced a significant increase in stock price, closing at 28.37 yuan, up 5.54% from the previous trading day, with a total market capitalization of 10.855 billion yuan as of February 26, 2026 [1]. Group 1: Stock Performance - On February 26, 2026, Sanfu Co., Ltd. opened at 26.76 yuan, reached a high of 29.51 yuan, and a low of 26.6 yuan, with a trading volume of 7.41 billion yuan and a turnover rate of 6.85% [1]. Group 2: Shareholding Changes - Recent announcements indicate that key executives have reduced their shareholdings. Dong Liqiang sold 42,900 shares, representing 0.0112% of total shares, at prices between 26.70 and 29.20 yuan per share, totaling 1,201,249 yuan, leaving him with 128,984 shares [2]. - Zhou Lianhui reduced his holdings by 34,600 shares, accounting for 0.0090% of total shares, at prices between 25.96 and 25.99 yuan per share, amounting to 898,311.80 yuan, with a remaining shareholding of 104,183 shares [2]. - Zhang Xianmin sold 5,000 shares, which is 0.0013% of total shares, at a price of 27.33 yuan per share, totaling 136,650 yuan, and now holds 15,076 shares [2].

Group 1 - The company Sanfu Co., Ltd. announced that its board member Dong Liqiang, executive Zhou Lianhui, and director Zhang Xianmin reduced their holdings from February 13 to February 26, 2026 [1] - The total shares reduced were 42,900 shares by Dong Liqiang, 34,600 shares by Zhou Lianhui, and 5,000 shares by Zhang Xianmin, representing 0.0112%, 0.0090%, and 0.0013% of the total share capital respectively [1] - The reduction plan has been completed ahead of schedule [1]

Core Viewpoint - Sanfu Co., Ltd. plans to invest 154 million yuan through its wholly-owned subsidiary to construct a 200 tons/year SOD and supporting solvent project, aimed at expanding its semiconductor materials business [1] Group 1: Investment and Shareholding Changes - The project will be executed in two phases [1] - The controlling shareholder's action partner, Yuanheng Technology, plans to reduce its stake by no more than 3% (approximately 11.478 million shares) due to personal funding needs, with the reduction period set from March 9 to June 8, 2026 [1] Group 2: Stock Performance - Over the past 7 trading days (February 5 to 11, 2026), Sanfu's stock price increased by 2.49% with a volatility of 11.84%; on February 10, the stock rose by 1.89%, closing at 26.35 yuan with a trading volume of 387 million yuan and a turnover rate of 3.81% [2] - As of February 11, the stock price was reported at 25.89 yuan, reflecting a decline of 1.75% for the day, but a year-to-date increase of 35.48%; net inflow of main funds was observed recently, with a net inflow of 5.2984 million yuan on February 6 [2] Group 3: Financial Performance - For the first nine months of 2025, the company reported revenue of 1.548 billion yuan, a year-on-year increase of 15.20%; net profit attributable to shareholders was 64.1356 million yuan, up 26.92% year-on-year [3] - Historical financial data indicates that in 2024, revenue was 1.77 billion yuan with a net profit of 63.7789 million yuan, but the year-on-year growth rate was negative, indicating a need to monitor profit stability [3] Group 4: Institutional Perspectives - Institutional attention on Sanfu is relatively low, with the latest sentiment being neutral; the comprehensive target price is set at 16.00 yuan, indicating potential downside from the current stock price [4] - Profit forecasts suggest a projected net profit growth of 127.27% in 2026, primarily based on expectations from the new project contributions [4]

Core Viewpoint - The announcement of a share reduction plan by Sanfu Co., Ltd. (三孚股份) indicates a strategic move by its major shareholder, Tangshan Yuanheng Technology Co., Ltd. (元亨科技), to decrease its stake in the company [1] Group 1: Share Reduction Plan - Yuanheng Technology plans to reduce its holdings by up to 11,478,000 shares, which represents a maximum of 3% of the company's total share capital [1] - The reduction will occur through two methods: a maximum of 3,826,000 shares via centralized bidding (up to 1% of total shares) and 7,652,000 shares through block trading (up to 2% of total shares) [1] - The reduction period is set from March 9, 2026, to June 8, 2026, starting 15 trading days after the announcement [1] Group 2: Current Holdings and Financial Implications - As of the announcement date, Yuanheng Technology holds 100,964,261 shares, accounting for 26.3873% of the total share capital of Sanfu Co., Ltd. [1] - Based on the closing price of 25.31 yuan on February 6, 2026, the estimated value of the shares to be reduced is approximately 291 million yuan [1] Group 3: Ownership Structure - The controlling shareholder and actual controller of Sanfu Co., Ltd. is Sun Renjing, who is also the actual controller of Yuanheng Technology [1] - Yuanheng Technology and Sun Renjing are considered acting in concert, indicating a unified strategy in their shareholding decisions [1]

Group 1 - The core point of the article is that Tangshan Yuanheng Technology Co., Ltd. plans to reduce its stake in Sanfu Co., Ltd. by selling up to 11.478 million shares, which represents 3% of the total share capital [1] - As of the disclosure date, Yuanheng Technology holds 101 million shares, accounting for 26.3873% of the total share capital [1] - The planned reduction will occur between March 9, 2026, and June 8, 2026, through centralized bidding and block trading [1] Group 2 - The maximum number of shares to be sold includes 3.826 million shares (1%) through centralized bidding and 7.652 million shares (2%) through block trading [1] - The shares to be reduced are sourced from those acquired before the IPO and through equity distribution, indicating a need for liquidity [1]

Core Viewpoint - Tangshan Sanfu Silicon Industry Co., Ltd. plans to invest in a new project for the production of 200 tons/year of SOD (spin-on dielectric materials) with a total investment of 154 million yuan, marking a strategic extension into the high-end semiconductor materials sector [1][2]. Group 1: Project Details - The project will be constructed in the Nanpu Economic Development Zone of Tangshan, Hebei, and will be implemented in two phases. The first phase involves an investment of 125 million yuan, with a capacity of 40 tons/year, expected to start construction on March 2, 2026, and complete trial production by the end of Q1 2027 [1]. - The second phase is projected to require an investment of 28.82 million yuan and will be initiated based on market conditions after the completion of the first phase, ultimately achieving a total capacity of 200 tons/year [1]. Group 2: Industry Context - SOD is a critical high-end material in the semiconductor field, primarily used in the thin film growth stages of storage chips and advanced process logic chips, known for its excellent fluidity, local flatness, uniformity, thermal stability, and resistance to electrical migration [1][2]. - The domestic semiconductor industry is rapidly developing, leading to an increasing demand for high-end materials. The trend towards domestic production of SOD presents significant market opportunities, supported by government policies favoring the semiconductor industry [2]. - The successful implementation of this project will enhance the company's product line and contribute to supply chain autonomy, leveraging its existing silicon material industry foundation to extend into high-end electronic materials [2].

Summary of Key Points Core Viewpoint - On February 6, 14 A-share listed companies disclosed plans for share reductions, with no companies announcing share increases on the same day [1][3]. Group 1: Companies Disclosing Share Reductions - Tianan New Materials: Shareholders Liang Kaihong and Tianyao Group plan to reduce their holdings [2][4]. - Zhongfutong: Shareholders plan to reduce a total of up to 0.68% of shares [2][4]. - Zhidi Technology: Shareholder Zhikong Investment intends to reduce up to 0.30% of shares [2][4]. - Yinhui Technology: Directors and executives plan to reduce a total of up to 0.51% of shares [2][4]. - Dalian Electric Porcelain: Vice General Manager Miao Shi and executives plan to reduce their holdings [2][4]. - Xuelang Environment: Shareholders Yang Jianping and Xu Huifen plan to reduce a total of up to 3% of shares [2][4]. - Perfect World: Actual controller Chi Yufeng reduced 32.9793 million shares [2][4]. - Huitong Technology: Directors Zhong Ming and Yang Jian plan to reduce a total of up to 1.64% of shares [2][4]. - Shuangjie Electric: Director Xu Zhuan plans to reduce up to 0.47% of shares [2][4]. - Dajia Weikang: One of the actual controllers plans to reduce up to 3% of shares [2][4]. - Hu Silicon Industry: The second largest shareholder, the National Big Fund, plans to reduce up to 3% of shares [2][4]. - Lushan New Materials: Controlling shareholders and concerted actors plan to reduce a total of up to 3% of shares [2][4]. - Zhongji United: Directors and executives, including Wang Xijun, plan to reduce a total of up to 0.91% of shares [2][4]. - Sanfu Shares: Shareholder Yuanheng Technology plans to reduce a total of up to 3% of shares [2][4].

Group 1 - The company Sanfu Co., Ltd. held its 18th meeting of the 5th board of directors on February 6, 2026, to discuss the proposal for increasing capital in its wholly-owned subsidiary [1] - The meeting took place in the company's conference room [1] Group 2 - The article also touches on the legality of personal stock trading by fund managers, revealing unexpected answers from several leading public funds [1] - The investigation was conducted by a journalist named Hu Ling [1]