证券代码：603991 证券简称：至正股份 公告编号：2025-054 深圳至正高分子材料股份有限公司 第四届董事会第二十次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 深圳至正高分子材料股份有限公司（以下简称"公司"）第四届董事会第 二十次会议通知已于 2025 年 9 月 23 日以书面、通讯方式送达各位董事。会议 于 2025 年 9 月 26 日在公司会议室以现场结合通讯的方式召开。本次会议由董 事长施君先生主持，应出席董事 9 名，实际出席董事 9 人，公司高级管理人员 列席本次会议。全体董事对本次董事会召集、召开程序无异议。本次会议的召 集、召开符合有关法律、行政法规、部门规章、规范性文件和《深圳至正高分 子材料股份有限公司章程》的规定，会议合法、有效。 根据《中华人民共和国公司法》《关于新<公司法>配套制度规则实施相关 过渡期安排》以及证监会《上市公司章程指引（2025 年修订）》等相关规定， 公司将不再设置监事会，其职权由董事会审计委员会行使，公司拟对《公司章 程》进 ...

每经头条（nbdtoutiao）——5年增长33倍，这类新险种卖爆了，身边很多人都需要，30多家险企蜂拥而 入⋯⋯ （记者 张喜威） 截至发稿，至正股份市值为49亿元。 每经AI快讯，至正股份（SH 603991，收盘价：66.06元）9月26日晚间发布公告称，公司第四届第二十 次董事会会议于2025年9月26日在公司会议室以现场结合通讯的方式召开。会议审议了《关于召开公司 2025年第二次临时股东大会的议案》等文件。 ...

Market Overview - The A-share market experienced a significant rise, with the Sci-Tech 50 Index surging over 5%, reaching a nearly four-year high [1] - The Shanghai Composite Index closed at 3853.64 points, up 0.83%, while the Shenzhen Component Index rose 1.8% to 13356.14 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 234.75 billion yuan [1] Semiconductor and Chip Sector - The semiconductor sector saw a strong performance, with the overall sector rising 4.6%, ranking first among industry sectors [2] - The storage chip concept also performed well, with a 4.18% increase, ranking fourth among industry concepts [2] - Notable individual stocks included ShenGong Co., Jiangfeng Electronics, and Xingfu Electronics, which hit the daily limit up [2] - The introduction of new lithography equipment by Shengmei Shanghai is expected to enhance semiconductor manufacturing capabilities [2] Memory Products Price Increase - Samsung has significantly raised prices for its DRAM and NAND flash products, with some products seeing price increases of up to 30% [3] - Other major players like SanDisk and Micron have also adjusted their pricing, indicating a trend of rising memory product prices [3] - The demand for enterprise-level SSDs is expected to increase, benefiting companies with strong pricing power in this segment [3] Solid-State Battery Sector - The solid-state battery concept saw a notable rise, with the sector increasing by 2.51% [4] - Key individual stocks in this sector included HaiMuxing and JiaoCheng Ultrasound, which experienced significant gains [4] - The Chinese government is promoting the development of high-safety battery storage systems, which is expected to drive advancements in solid-state battery technology [4][5] - Full solid-state batteries are anticipated to achieve partial mass production by 2027, with several automotive manufacturers planning to test these technologies [5][6] Brokerage and Financial Technology Sector - The brokerage and financial technology sectors showed positive movement, with stocks like Xiangcai Co. hitting the daily limit up [7] - The financial sector has seen adjustments recently, but the market remains active, with expectations for continued inflows of institutional and retail funds [7] - Analysts are optimistic about the profitability and valuation of the brokerage sector, anticipating further growth in Q3 earnings [7]

Market Overview - The Shanghai Composite Index closed at 3853.64 points, above the six-month moving average, with a gain of 0.83% [1] - The total trading volume of A-shares reached 23,471.54 million yuan [1] Stocks Breaking Six-Month Moving Average - A total of 303 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Shengyang Technology (603703) with a deviation rate of 8.72% and a daily increase of 10.02% [1] - Zhizheng Co., Ltd. (603991) with a deviation rate of 8.38% and a daily increase of 10.00% [1] - Shangong Shenbei (600843) with a deviation rate of 8.31% and a daily increase of 10.02% [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - Jiabiou (688038) with a deviation rate of 8.14% and a daily increase of 11.09% [1] - Pairui Co., Ltd. (603156) with a deviation rate of 7.66% and a daily increase of 9.98% [1] - Jiahuan Technology (002129) with a deviation rate of 6.72% and a daily increase of 10.04% [1] Additional Notable Stocks - Other stocks with notable performance include: - Haier Smart Home (000921) with a deviation rate of 6.72% and a daily increase of 8.64% [1] - Hangang Co., Ltd. (600126) with a deviation rate of 6.61% and a daily increase of 10.02% [1] - Yonyou Network Technology (600588) with a deviation rate of 4.11% and a daily increase of 4.95% [1]

Market Overview - The Shanghai Composite Index closed at 3853.44 points, above the six-month moving average, with an increase of 0.83% [1] - The total trading volume of A-shares reached 1,894.457 billion yuan [1] Stocks Breaking Six-Month Moving Average - A total of 256 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Shengyang Technology (8.72%) - Zhizheng Co. (8.38%) - Yangyuan Beverage (7.66%) [1] Stock Performance Details - The following stocks showed the highest increase and their respective deviation rates: - Shengyang Technology: +10.02%, deviation rate 8.72% - Zhizheng Co.: +10.00%, deviation rate 8.38% - Yangyuan Beverage: +9.98%, deviation rate 7.66% [1] - Other notable stocks with positive performance include: - Zhongke Tongda: +10.37%, deviation rate 7.45% - Hisense Home Appliances: +8.71%, deviation rate 6.80% [1] Additional Stocks with Positive Movement - Other stocks that recently crossed the six-month line with lower deviation rates include: - China Pacific Insurance - Hopson Development - Beibu Gulf Port [1]

Group 1 - ASMPT (00522) shares increased by over 5%, reaching a price of 75.95 HKD with a trading volume of 495 million HKD [1] - Zhizheng Co. announced that the China Securities Regulatory Commission approved its major asset restructuring plan, which includes acquiring 87.47% of Advanced Packaging Materials International Ltd. (AAMI) for 3.069 billion CNY [1] - The restructuring will divest traditional cable materials business and introduce ASMPT Holding, a wholly-owned subsidiary of ASMPT, as a significant shareholder, marking a precedent for A-share companies to attract international semiconductor leaders [1] Group 2 - The move is expected to significantly enhance international cooperation in the semiconductor industry [1] - According to Everbright Securities International, the expectation of monetary easing is making Hong Kong stocks attractive due to their valuation and profit growth potential, particularly in leading companies within technology, finance, and consumer sectors [1] - The policy benefits and capital influx are anticipated to lead to a more active performance in these sectors [1]

Group 1 - ASMPT's stock price increased by over 5%, reaching 75.95 HKD with a trading volume of 4.95 billion HKD [1] - Zhizheng Co., Ltd. announced that the China Securities Regulatory Commission approved its major asset restructuring plan, which involves acquiring 87.47% of Advanced Packaging Materials International Ltd. (AAMI) for a transaction price of 3.069 billion CNY [1] - The restructuring will divest traditional cable materials business and introduce ASMPT Holding, a wholly-owned subsidiary of ASMPT, as a significant shareholder, marking a precedent for A-share companies to attract international semiconductor leaders [1] Group 2 - The media reports suggest that this move will significantly enhance international cooperation in the semiconductor industry [1] - According to Everbright Securities International, the expectation of monetary easing is making Hong Kong stocks attractive due to their valuation and profit growth potential, particularly in leading companies within technology, finance, and consumer sectors [1] - These sectors are anticipated to experience more active performance driven by favorable policies and capital inflows [1]

Core Viewpoint - The company, Shenzhen Zhizheng High Polymer Materials Co., Ltd., is undergoing a significant asset restructuring to acquire 87.47% of Advanced Packaging Materials International Ltd. (AAMI), a leading semiconductor lead frame supplier, while divesting its wholly-owned subsidiary, Zhizheng New Materials [1][3][5]. Company Performance - For the first half of 2025, the company reported revenue of 10,417.63 million yuan, representing a year-on-year increase of 6.03%. However, the net profit attributable to shareholders was -2,264.80 million yuan, with a net profit of -2,348.66 million yuan after excluding non-recurring losses [2][4]. Asset Restructuring Details - The company plans to acquire AAMI through a combination of major asset swaps, issuance of shares, and cash payments, with the total value of the assets to be acquired amounting to 306,870.99 million yuan and the assets to be divested valued at 25,637.34 million yuan [2][5]. - Following the transaction, the company will hold approximately 99.97% of AAMI's shares, which is expected to enhance its focus on the semiconductor packaging materials and specialized equipment sector [3][4]. Regulatory Approval - The company received approval from the China Securities Regulatory Commission on September 5, 2025, for the issuance of shares to purchase assets and raise supporting funds, marking a critical step in the restructuring process [1][4].

Core Viewpoint - The approval of a significant asset restructuring plan for Zhizheng Co., marking the first cross-border capital cooperation restructuring in the A-share market, is expected to transform the company into a semiconductor-focused entity [2][6]. Group 1: Restructuring Details - Zhizheng Co. plans to acquire 87.47% of Advanced Packaging Materials International Ltd. (AAMI) for a transaction price of 30.69 billion yuan, while divesting its traditional cable materials business [2][5]. - The restructuring involves a reduction in the acquisition stake from 99.97% to 87.47%, but the company will still effectively hold 99.97% of AAMI post-transaction [2][5]. - The restructuring is accompanied by the introduction of ASMPT Holding, a subsidiary of a global semiconductor packaging equipment leader, as a significant shareholder, which is expected to optimize the company's governance structure [5][8]. Group 2: Financial Performance and Transition - Zhizheng Co. has faced continuous losses since 2019, with revenue declining from 4.62 billion yuan in 2019 to 3.65 billion yuan in 2024, and net losses accumulating to 0.31 billion yuan in the same year [7]. - The acquisition of AAMI, a top-five global supplier of semiconductor lead frames, is projected to enhance Zhizheng's operational capabilities and market position in the semiconductor sector [8]. - AAMI's projected revenues for 2023 and 2024 are 2.205 billion yuan and 2.486 billion yuan, respectively, with net profits of approximately 7.54 million yuan combined for both years [8].

证监会的一纸批文，让至正股份（603991.SH）实控人王强长达五年的"谋局"终于抵达终点。 至正股份此次重组开创了A股市场两项先例。既是新《战投管理办法》下首例外资非现金入股，也是首单采用"资产置换+跨境换股"组合拳的半导体产业链 整合案例。 交易方案显示，公司通过重大资产置换、发行股份及支付现金的方式，直接及间接取得AAMI 87.47%股权，并置出全资子公司至正新材料100%股权。通过 同步回购香港智信持有的12.49%股权，最终实现对AAMI约99.97%控股。 跨境换股的设计成为政策试验田。根据新规，ASMPT作为港股半导体设备龙头，以其持有的AAMI股权认购至正股份增发股份，无需经过商务部审批，直接 获得境内上市公司股东身份。交易完成后，ASMPT全资子公司将持有至正股份约21.06%股权，成为第二大股东。 表面看，这是一场多赢的产业整合。至正股份获得全球第四大引线框架供应商，填补国内高端半导体材料空白；ASMPT通过股权纽带深化中国市场布局； 政策制定者则收获了一个跨境资本流动的"制度样本"。 不过，产业协同的叙事难掩财务数据的异常。AAMI 2024年净利润同比增长173%至5518.84万元 ...