证券代码：688012 证券简称：中微公司 公告编号：2024-064 中微半导体设备（上海）股份有限公司 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。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 899,539 股。 本次股票上市流通总数为 899,539 股。 本次股票上市流通日期为 2024 年 10 月 29 日。 根据中国证监会、上海证券交易所、中国证券登记结算有限责任公司上海分公 司有关业务规则的规定，中微半导体设备（上海）股份有限公司（以下简称"公司"） 于 2024 年 10 月 24 日收到中国证券登记结算有限责任公司上海分公司出具的《证 券变更登记证明》，公司于 2024 年 10 月 23 日完成了 2020 年限制性股票激励计划 第四个归属期及 2023 年限制性股票激励计划第一个归属期的股份登记工作。现将 有关情况公告如下： 一、 本次限制性股票归属的决策程序及相关信息披露 （一）2020 年限制性股票激励计划 （1）2020 年 3 月 18 日，公司召开第 ...

证券代码：688012 证券简称：中微公司 公告编号：2024-063 中微半导体设备（上海）股份有限公司 关于召开 2024 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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2024 年 10 月 31 日(星期四) 上午 09:00-10:00 会议召开时间：2024 年 10 月 31 日 上午 09:00-10:00 会议召开地点：上证路演中心 会议召开方式：上证路演中心网络互动 三、参会人员 投资者可于 2024 年 10 月 24 日(星期四) 至 10 月 30 日(星期三)前登录 上证路演中心网站首页点击"提问预征集"栏目或通过电子邮件的形式发送至 公司投资者关系邮箱(IR@amecnsh.com)，公司将在说明会上对投资者普遍关注 的问题进行回答。 中微半导体设备（上海）股份有限公司（以下简称"公司"）拟于 2024 年 10 月 29 日收盘后在上海证券交易所网站（www.sse.com.cn）披露公司 2024 年 第三季度报告。为了便于广大投 ...

| --- | --- | |---------|-------------| | | | | | | | 20 日 | 月 公司点评 | | | 买入/维持 | 中微公司(688012) 昨收盘:185.65 蚀刻设备带动公司营收增长，新订单充足未来可期 | --- | --- | --- | --- | --- | |-------|------------------------------------------------------------|-----------------|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The report initiates coverage on Advanced Micro-Fabrication Equipment Inc (AMEC) with a "Buy" rating [3][32] Core Views - AMEC is a leading domestic etching equipment manufacturer, expanding towards platform-based development [1] - The company's MOCVD equipment dominates the blue and green LED production line market share [2] - AMEC's CCP etching machine Primo SD-RIE has entered verification with leading domestic logic chip manufacturers [2] - The company's Primo UD-RIE has demonstrated capability to etch structures with aspect ratios ≥60:1 [2] - ICP etching equipment Primo Nanova series has achieved >100% CAGR in installed chambers over the past three years [2] Financial Performance - Revenue is projected to grow from 6,264 million yuan in 2023 to 13,870 million yuan in 2026, with a CAGR of 30% [1][29] - Net profit is expected to increase from 1,786 million yuan in 2023 to 2,928 million yuan in 2026 [1][29] - EPS is forecasted to rise from 2.87 yuan in 2023 to 4.71 yuan in 2026 [1][29] - P/E ratio is expected to decline from 64.6 in 2023 to 39.4 in 2026 [1] Industry Outlook - Global semiconductor equipment market is projected to recover to $105.3 billion in 2024 [2][18] - China's wafer production capacity is expected to lead globally by 2026, driving long-term semiconductor demand [2][18] - Domestic substitution in semiconductor equipment is gaining momentum [2] Product Development - AMEC's 3D strategy is progressing steadily, with etching and MOCVD equipment maintaining competitive advantages [3] - CCP etching equipment has achieved multi-batch sales, with Damascene etching process progressing smoothly [3] - ICP etching equipment has expanded its process coverage in advanced logic chips, DRAM, and 3D NAND [24] - The company has developed 4 new thin film deposition products [27] Market Position - AMEC has accumulated over 2,800 CCP etching reaction chambers delivered by end of 2023 [23] - The company's etching equipment covers most CCP etching applications above 28nm and many below 28nm [23] - AMEC maintains a leading position in the international GaN-based MOCVD equipment market [25] R&D and Innovation - R&D investment reached 1,262 million yuan in 2023, accounting for 20.15% of revenue [23] - The company has over 20 new equipment developments in progress [15] - R&D personnel increased to 967 in H1 2024, representing 46.38% of total staff [15]

证券代码：688012 证券简称：中微公司 公告编号：2024-062 中微半导体设备（上海）股份有限公司 关于 2020 年股票增值权激励计划 第四个行权期行权结果公告 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。 重要内容提示： 一、 本次股票增值权行权的决策程序及相关信息披露 （1）2020 年 3 月 18 日，公司召开第一届董事会第八次会议，会议审议通过 了《关于公司<2020 年股票增值权激励计划（草案）>及其摘要的议案》、《关于 公司<2020 年限制性股票、股票增值权激励计划实施考核管理办法>的议案》以 及《关于提请股东大会授权董事会办理股权激励相关事宜的议案》等议案。公司 独立董事就激励计划相关议案发表了独立意见。 同日，公司召开第一届监事会第五次会议，审议通过了《关于公司<2020 年 股票增值权激励计划（草案）>及其摘要的议案》、《关于公司<2020 年限制性股 票、股票增值权激励计划实施考核管理办法>的议案》等议案，公司监事会对激 励计划的相关事项进行核实并出具了相关核查意见。 （2）2020 年 ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating a potential upside in the stock price [3][4]. Core Insights - The company is a leading player in the domestic semiconductor etching equipment sector, enhancing its market share while continuously expanding its product offerings in high-end semiconductor equipment [4]. - Despite a significant increase in R&D expenses leading to a decline in net profit, the company maintains a positive outlook due to its high R&D intensity, which is expected to bolster long-term competitiveness [4]. - The demand for advanced semiconductor processes in China is intensifying, particularly in light of U.S. restrictions on high-tech industries, creating a larger market space for domestic equipment manufacturers [4]. - The company reported a revenue of 3.45 billion RMB in the first half of 2024, a year-over-year increase of 36.5%, while net profit decreased by 48.5% due to previous equity sales [4]. - The company has secured approximately 4.7 billion RMB in new orders in the first half of 2024, reflecting a year-over-year growth of about 40% [4]. Financial Summary - The company is projected to achieve net profits of 1.8 billion RMB, 2.3 billion RMB, and 2.76 billion RMB for the years 2024, 2025, and 2026, respectively, with year-over-year growth rates of 1%, 28%, and 20% [4][6]. - The earnings per share (EPS) are expected to be 2.89 RMB, 3.7 RMB, and 4.44 RMB for the same years, with corresponding P/E ratios of 42, 33, and 27 [4][6]. - The company’s revenue is forecasted to grow from 8.31 billion RMB in 2024 to 13.05 billion RMB in 2026 [8].

446 | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|-------------------------|----------------------------------| | 2024 年 09 月 22 日 \n中微公司（ 688012.SH ） | | | | 公司研究●证券研究报告 \n公司快报 | | 长存加速转向国产设备，刻蚀设备龙头显著受益 | | 投资评级 | 电子 \| 买入 | 半导体设备Ⅲ -A(维持) | | 投资要点 | 股价 | (2024-09-20) | | 120.51 元 | | 长江存储加速转向国产设备取代美系设备，中微公司等国产半导体设备厂商有望受 ...

证券代码：688012 证券简称：中微公司 公告编号：2024-061 中微半导体设备（上海）股份有限公司 关于副总经理、核心技术人员变动的公告 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、准确性和完整性依法承担法律责任。 中微半导体设备（上海）股份有限公司（以下简称"中微公司"或"公司"） 董事会于近日收到倪图强先生、杨伟先生提交的书面辞职报告。倪图强先生 因个人原因，申请辞去公司副总经理、核心技术人员职务。杨伟先生因个人 原因，申请辞去公司核心技术人员职务。辞职后，倪图强先生、杨伟先生仍 在公司任职。 公司拥有专业的研发技术团队及完整的研发体系，能够支持公司现有及未来 核心技术及产品的持续研发工作。本次核心技术人员的变动不会对公司现有 项目研发进展、持续经营能力、核心竞争力产生重大不利影响。 （一）核心技术人员的具体情况 倪图强先生，1962 年生，美国国籍，中国科学技术大学学士、硕士，美国德 州大学博士、博士后。2004 年 8 月加入中微公司，现任中微公司副总经理、核心 技术人员。截至本公告披露日，倪图强先生直接持股 764,358 股，所持股 ...

一、集中竞价减持主体减持前基本情况 | | | 持股数量 | | | | --- | --- | --- | --- | --- | | 股东名称 | 股东身份 | | 持股比例 | 当前持股股份来源 | | | | （股） | | | 证券代码：688012 证券简称：中微公司 公告编号：2024-060 中微半导体设备（上海）股份有限公司 董监高集中竞价减持股份结果公告 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、准确性和完整性依法承担法律 责任。 重要内容提示： （一）董监高因以下事项披露集中竞价减持计划实施结果： 披露的减持时间区间届满 | 股东名称 | 减持数量 | 减持比例 | 减持期间 | 减持方式 | 减持价格区 间 | 减持总金额 | 减持完成情 | 当前持股 数量 | 当前持股 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | （股） | | | | （元/股） | （元） | 况 | （股） | 比例 | | 尹志尧 | 230,000 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 175.25 CNY [1][4] Core Insights - The company has experienced rapid revenue and order growth, with a 36% year-on-year increase in revenue for the first half of 2024, reaching 3.45 billion CNY. However, the net profit attributable to the parent company decreased by 48% to 517 million CNY due to increased R&D expenses and changes in accounting standards [1][4] - The company’s etching equipment revenue grew by 57% to 2.7 billion CNY, with new orders increasing by 51% to 3.94 billion CNY, indicating a significant market share gain in key etching processes for advanced logic and memory devices [1][4] - The thin film deposition equipment has started to contribute, with the first sales of LPCVD equipment generating 28 million CNY in revenue and 168 million CNY in new orders [1][4] Financial Summary - Revenue is projected to grow from 6,264 million CNY in 2023 to 8,384 million CNY in 2024, reflecting a 34% year-on-year increase. The net profit attributable to the parent company is expected to decrease to 1,444 million CNY in 2024, down from 1,786 million CNY in 2023 [1][6] - The gross margin is forecasted to decline to 41.5% in 2024, while the net margin is expected to be 17.2% [1][6] - The company’s return on equity (ROE) is projected to be 7.8% in 2024, increasing to 13.6% by 2026 [1][6]