Group 1 - Xi Jinping's visit to Jiangsu in July 2023 emphasized the importance of following his guidance for the development of Suzhou [1] - The local government is focused on enhancing international cooperation and creating a world-class high-tech park, leveraging the "park experience" for development [2] - There is a strong emphasis on integrating technological and industrial innovation, promoting enterprise-led collaboration in research and development [2] Group 2 - The local government is committed to preserving the historical and cultural heritage of Suzhou, aligning with Xi Jinping's directives on cultural protection [3] - Efforts are being made to enhance the quality of life for residents through the integration of culture, commerce, and tourism, alongside improvements in public services and living conditions [4] - The local leadership is dedicated to implementing the spirit of the 20th National Congress and Xi Jinping's instructions, aiming for high-quality development and strong governance [4]

（编辑 任世碧） 证券日报网讯 11月13日晚间，华兴源创发布公告称，华泰联合证券作为公司向不特定对象发行可转换 公司债券项目的保荐机构，原指定保荐代表人李伟先生、张鹏飞先生负责持续督导工作，法定持续督导 期至2023年12月31日止。截至本公告出具日，因公司可转换公司债券尚未全部完成转股，项目处于延续 督导状态，华泰联合证券对可转换公司债券转股事宜继续履行持续督导义务。现李伟先生因工作变动不 能继续担任持续督导期的保荐工作。为保证持续督导工作的有序进行，华泰联合证券委派刘哲先生接替 李伟先生履行公司向不特定对象发行可转换公司债券的持续督导职责。 ...

证券代码：688001 证券简称：华兴源创 公告编号：2025-053 苏州华兴源创科技股份有限公司 关于更换持续督导保荐代表人的公告 公司对李伟先生在担任保荐代表人期间所做出的贡献表示感谢！ 特此公告。 苏州华兴源创科技股份有限公司董事会 2025 年 11 月 14 日 附件： 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。 苏州华兴源创科技股份有限公司（以下简称"公司"）于近日收到华泰联合 证券有限责任公司（以下简称"华泰联合证券"）出具的《华泰联合证券有限责 任公司关于更换苏州华兴源创科技股份有限公司向不特定对象发行可转换公司 债券保荐代表人的函》。 华泰联合证券作为公司向不特定对象发行可转换公司债券项目的保荐机构， 原指定保荐代表人李伟先生、张鹏飞先生负责持续督导工作，法定持续督导期至 2023 年 12 月 31 日止。截至本公告出具日，因公司可转换公司债券尚未全部完 成转股，项目处于延续督导状态，华泰联合证券对可转换公司债券转股事宜继续 履行持续督导义务。 现李伟先生因工作变动不能继续担任持续督导期的保荐工作 ...

Core Insights - The front-end measurement and inspection equipment is a crucial segment of the semiconductor equipment market, accounting for approximately 13% of the total market size [1][5][11] - The global semiconductor measurement and inspection equipment market is projected to reach $15.22 billion in 2024, reflecting a year-on-year growth of 18.7% [1][7] - The market for front-end measurement and inspection equipment in mainland China is experiencing rapid growth, with an average annual compound growth rate of 30% from 2020 to 2024, reaching a market size of 43.8 billion yuan in 2024 [1][9] Group 1: Industry Overview - Front-end measurement is essential for quality control in semiconductor manufacturing, involving the measurement of parameters such as film thickness and surface defects [2][4] - The global semiconductor equipment market is expected to rebound in 2024, achieving a historical sales high of $117 billion, with significant contributions from China, South Korea, and Taiwan [4][5] Group 2: Market Dynamics - The front-end measurement equipment market is dominated by a few international leaders, with KLA holding over 50% market share, indicating a highly concentrated supply market [1][11] - Domestic companies like Zhongke Feimeasure and Shanghai Precision Measurement are emerging as suppliers of front-end measurement equipment, driven by the rapid development of China's semiconductor industry [1][12] Group 3: Future Trends - The domestic market share of front-end measurement equipment is expected to increase as local companies enhance their understanding of technology and manufacturing processes [1][13] - There is a growing demand for improved performance in measurement and inspection equipment, focusing on sensitivity, accuracy, stability, and throughput to ensure high yield rates in semiconductor production [1][14]

广东盛唐律师事务所 关于苏州华兴源创科技股份有限公司 2025 年员工持股计划的 法 律 意 见 书 地址：中国广东省深圳市福田区福华一路大中华国际交易广场写字楼第 15 层 电话：（0755）83296818，83274066 传真：（0755）83283645，83296169 广东盛唐律师事务所 关于苏州华兴源创科技股份有限公司 2025 年员工持股计划的 法律意见书 唐律非诉字 2025 第 43 号 致：苏州华兴源创科技股份有限公司 广东盛唐律师事务所（以下简称"本所"）受苏州华兴源创科技股份有 限公司（以下简称"公司"）委托，担任公司 2025 年员工持股计划（以下简 称"本次员工持股计划"）的专项法律顾问。 本所律师根据 《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》）、《关于上市公司实施员工持股 计划试点的指导意见》（以下简称《指导意见》）、《上海证券交易所科创板上 市公司自律监管指引第 1 号——规范运作》（以下简称《自律监管指引第 1 号》）等法律、法规、规范性文件及中国证券监督管理委员会（以下简称"证 监会"）的有关规定，按照中国律师行 ...

证券代码：688001 证券简称：华兴源创 苏州华兴源创科技股份有限公司 2025 年第一次临时股东大会会议资料 二〇二五年十一月 苏州华兴源创科技股份有限公司 2025 年第一次临时股东大会 苏州华兴源创科技股份有限公司 2025 年第一次临时大会会议资料 目录 | 2025 | 年第一次临时股东大会会议须知 | 3 | | --- | --- | --- | | 2025 | 年第一次临时股东大会会议议程 | 5 | | 2025 | 年第一次临时股东大会会议议案 | 7 | | | 关于公司 2025 年员工持股计划（草案）及其摘要的议案 | 8 | | | 关于公司 2025 年员工持股计划管理办法的议案 | 9 | | | 关于提请股东大会授权董事会办理 2025 年员工持股计划相关事宜的议案 | 10 | | | 关于回购注销公司 2024 年员工持股计划未解锁股份并减少公司注册资本的 | | | | 议案 12 | | | | 关于取消监事会、修订〈公司章程〉并办理工商变更登记的议案 | 13 | | | 关于关制定、修订及废止公司部分内部治理制度的议案 | 14 | 2 为了维护全体股东的合法 ...

Core Insights - Huaxing Yuanchuang (688001.SH) reported its Q3 2025 results on October 31, 2025, indicating a total of 6 institutional investors holding shares, amounting to 299 million shares, which represents 67.19% of the total share capital [1] - The institutional holding percentage decreased by 0.56 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Suzhou Yuanhua Chuangxing Investment Management Co., Ltd., Suzhou Yuanke Enterprise Management Partnership (Limited Partnership), Suzhou Yuanfen Enterprise Management Partnership (Limited Partnership), Hong Kong Central Clearing Limited, Suzhou Huaxing Yuanchuang Technology Co., Ltd. - 2024 Employee Stock Ownership Plan, and China Merchants Bank Co., Ltd. - Southern CSI 1000 ETF [1] - The total institutional holding percentage is 67.19% [1] Public Funds - There were 150 public funds disclosed this period, including Southern CSI 1000 ETF, Bosera Science and Technology Innovation 100 ETF, Science and Technology Innovation 100 ETF Fund, Huaxia CSI 1000 ETF, and Wanji CSI 1000 Index Enhanced A [1] Social Security Funds - One social security fund was disclosed this period, specifically the National Social Security Fund 414 Portfolio [1]

Core Viewpoint - Huaxing Yuanchuang (688001.SH) reported a significant increase in revenue and net profit for Q3 2025, indicating strong financial performance and growth potential in the industry [1] Financial Performance - The company's operating revenue reached 663 million yuan, representing a year-on-year increase of 51.19% [1] - The net profit attributable to shareholders was 73.04 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 67.63 million yuan [1]

Core Viewpoint - Huaxing Yuanchuang is a leading domestic manufacturer of testing equipment, focusing on customized solutions for clients in the flat panel display and integrated circuit sectors [1] Group 1: Business Performance - In Q3 2025, Huaxing Yuanchuang achieved a revenue of 1.579 billion yuan, ranking 7th among 61 companies in the industry [2] - The company's net profit for the same period was 152 million yuan, placing it 9th in the industry [2] - The revenue breakdown includes 575 million yuan from testing equipment (62.84%), 284 million yuan from fixtures and accessories (31.05%), and 28.75 million yuan from other businesses (3.14%) [2] Group 2: Financial Ratios - As of Q3 2025, the company's asset-liability ratio was 38.59%, higher than the previous year's 31.38% and the industry average of 27.43% [3] - The gross profit margin for the same period was 50.15%, an increase from 47.98% year-on-year and above the industry average of 43.50% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 14.24% to 12,500 [5] - The average number of circulating A-shares held per shareholder decreased by 12.46% to 35,600 [5] - Notable changes among the top ten circulating shareholders include Hong Kong Central Clearing Limited increasing its holdings by 1.4327 million shares [5] Group 4: Management Compensation - The chairman and general manager, Chen Wenyuan, received a salary of 1.5761 million yuan in 2024, an increase of 381,200 yuan from 2023 [4] Group 5: Future Outlook - According to Guotou Securities, the company is expected to face temporary pressure on performance in 2024, with Q1 2025 revenue and net profit projected to decline year-on-year [5] - The company is anticipated to improve profitability as it expands its business and ramps up production capacity [5] - Revenue projections for 2025, 2026, and 2027 are 2.187 billion yuan, 2.537 billion yuan, and 2.841 billion yuan, respectively, with net profits of 190 million yuan, 269 million yuan, and 347 million yuan [5]

Core Viewpoint - Huaxing Yuanchuang reported a significant improvement in financial performance for the first three quarters of 2025, driven by a focus on core business development and market expansion in the consumer electronics sector [1] Financial Performance - The company achieved operating revenue of 1.579 billion yuan, representing a year-on-year growth of 23.68% [1] - The net profit attributable to shareholders reached 152 million yuan, an increase of 203 million yuan compared to the same period last year [1] - The net profit after deducting non-recurring items was 142 million yuan, with earnings per share of 0.34 yuan, marking a turnaround from negative to positive [1] Operational Efficiency - The company has made significant progress in cost optimization and expense control, resulting in a net cash flow from operating activities that increased by 423 million yuan compared to the same period last year [1] - The improvement in cash flow reflects the company's effective management strategies and operational efficiency [1] Future Outlook - Huaxing Yuanchuang plans to continue expanding its market presence and investing in product research and development to provide returns to shareholders and customers [1]