Group 1: Regulatory Developments - The China Securities Regulatory Commission (CSRC) emphasizes the integration of AI and new information technologies into capital markets to promote high-quality digital transformation during the 2025 Financial Street Forum [2] - The State Administration of Foreign Exchange (SAFE) announces measures to facilitate foreign exchange fund settlement to support stable foreign trade, expanding the scope of cross-border trade pilot areas [2] - The Ministry of Commerce and other departments release an action plan to enhance urban commercial quality, focusing on the development of pedestrian streets and business circles [2] Group 2: Market Mechanisms and Initiatives - The CSRC plans to improve the listing mechanism for the Beijing Stock Exchange, utilizing the fourth set of listing standards for unprofitable companies and enhancing the disclosure requirements for innovation attributes [3] - Beijing issues guidelines to stimulate mergers and acquisitions to enhance the quality of listed companies and accelerate industrial integration [3] - China Securities Index Co., Ltd. will launch six new indices, including the CSI A500 Equal Weight Index, to provide more investment options for the market [4] Group 3: Investment and Economic Performance - A strategic emerging industry development fund initiated by the State-owned Assets Supervision and Administration Commission (SASAC) is launched with an initial scale of 51 billion yuan, aimed at accelerating the development of strategic emerging industries [4] - From January to September 2025, state-owned enterprises reported total operating revenue of 6,132.905 billion yuan, a year-on-year increase of 0.9%, while total profits decreased by 1.6% to 316.703 billion yuan [4] Group 4: Company Performance Highlights - Guizhou Moutai reports a third-quarter net profit of 19.224 billion yuan, a year-on-year increase of 0.48% [7] - Industrial Fulian's AI business drives a record high in performance, with a third-quarter net profit increase of 62% [7] - China Petroleum & Chemical Corporation (Sinopec) reports a third-quarter net profit of 29.984 billion yuan, a year-on-year decrease of 32.2% [7]

Summary of Key Points Core Viewpoint - On October 29, Hangzhou Oxygen Plant Co., Ltd. disclosed an increase in shareholding, while 11 A-share listed companies announced plans for share reductions [1][2]. Group 1: Shareholding Increases - Hangzhou Oxygen Plant received a stake increase from CITIC Financial Assets, raising its holding to 5% [2]. Group 2: Shareholding Reductions - Greenfield Machinery: Shareholder Shao Yutian plans to reduce holdings by no more than 3% [2]. - Jianghua Micro: Shareholder Yin Fuhua intends to reduce holdings by no more than 3% [2]. - Jiuzhou Group: Shareholders plan to collectively reduce holdings by no more than 1.88% [2]. - Guorui Technology: Shareholder Gong Ruiliang plans to reduce holdings by no more than 3% [2]. - Kairun Co., Ltd.: Shareholder Li Zhongren plans to reduce holdings by no more than 1.70% [2]. - Yingjixin: Shareholder plans to transfer 2.9% of company shares through inquiry [2]. - Mindong Electric: Shareholder Provincial Investment Group intends to reduce holdings by no more than 1% [2]. - WuXi AppTec: Shareholders controlled by the actual controller plan to reduce holdings by no more than 2% [2]. - Zhongwei Company: A dedicated repurchase account plans to reduce holdings by no more than 0.33% [2]. - Jinhua Co., Ltd.: Plans to reduce no more than 746.54 million shares that have been repurchased [2]. - Hechuan Technology: Bosch China intends to reduce holdings by no more than 3% [2].

Core Points - The 2024 Golden Bull Awards were announced at the 2025 High-Quality Development Forum for Listed Companies, recognizing outstanding entrepreneurs and companies in various categories [1]. Group 1: Awards and Recognitions - The awards included nine categories: Golden Bull Outstanding Entrepreneur Award, Golden Bull Entrepreneur Achievement Award, Golden Bull Entrepreneur Innovation Award, Most Investment Value Award, Golden Bull Listed Company Dividend Return Award, New Quality Enterprise Golden Bull Award, Golden Bull Small Giant Award, Golden Bull Secretary Award, and Golden Bull Financial Director Award [1]. - The Golden Bull Entrepreneur Achievement Award was awarded to 90,000 [4]. Group 2: Notable Companies and Leaders - Notable companies and their leaders recognized include Weichai Power (Wang Li), XCMG Machinery (Yang Dongsheng), and Zimi Co., Ltd. (Wang Ligai) among others [3][5]. - Other recognized companies include Jianghuai Automobile (Xiang Xingchu), Zhongguancun Technology (Chen Jie), and Shengyi Technology (Chen Renxi) [6][7]. Group 3: Investment Value and Dividend Awards - The Most Investment Value Award included companies such as China Shenhua (601088.SH), Changjiang Power (600900.SH), and Haikang Vision (002415.SZ) [9][17]. - The Golden Bull Listed Company Dividend Return Award recognized companies like China Telecom (601728.SH) and Midea Group (000333.SZ) [17][18]. Group 4: New Quality Enterprises - The New Quality Enterprise Golden Bull Award highlighted companies such as Zhongwei Company (688012.SH) and other innovative firms [21][22]. Group 5: Financial Leadership - The Golden Bull Financial Director Award recognized financial leaders from companies like Wen's Foodstuffs (300498.SZ) and Zhongke Shuguang (603019.SH) [41][42].

上证报中国证券网讯（记者 刘礼文）10月29日晚间，中微公司发布公告称，其2025年前三季度实现营业收入80.63亿元，同比增长46.40%；归属于上市公司股东净利润12.11亿元，同比增长 值得一提的是，中微公司核心业务表现突出，其中刻蚀设备收入61.01亿元，同比增长约38.26%；LPCVD和ALD等薄膜设备收入呈现爆发式增长，达到4.03亿元，同比增长约1332.69%，成为 公告显示，中微公司前三季度归母净利润同比增长主要原因为：一是在今年前三季度营业收入增长46.40%下，毛利较上年增长约8.27亿元；二是由于市场对中微开发多种新设备的需求急剧增长 据披露，中微公司针对先进逻辑和存储器件制造中关键刻蚀工艺的高端产品新增付运量显著提升，先进逻辑器件中段关键刻蚀工艺和先进存储器件的超高深宽比刻蚀工艺实现大规模量产。 其中，CCP方面，公司用于关键刻蚀工艺的单反应台介质刻蚀产品保持高速增长，60比1超高深宽比介质刻蚀设备成为国内标配设备，量产指标稳步提升，下一代90比1超高深宽比介质刻蚀设备 来源：上海证券报·中国证券网 ...

Core Viewpoint - The company reported significant revenue growth and increased R&D investment in its Q3 2025 financial results, indicating a strong market demand for its semiconductor equipment and a commitment to innovation. Financial Performance - The company achieved a revenue of 8.063 billion yuan in the first three quarters of 2025, representing a year-on-year growth of approximately 46.40% [1] - Revenue from etching equipment reached 6.101 billion yuan, up by about 38.26% [1] - Revenue from LPCVD and ALD thin film equipment surged to 403 million yuan, marking a staggering growth of approximately 1332.69% [1] - The net profit attributable to shareholders was 1.211 billion yuan, reflecting a year-on-year increase of about 32.66% [1] R&D and Product Development - The company has accelerated its R&D efforts, with R&D expenditure increasing by 979 million yuan (approximately 63.44%) year-on-year, accounting for about 31.29% of total revenue [1] - The company is currently developing over twenty new devices across six categories, significantly reducing the development time for new products to two years or less [2] - The company has seen a notable increase in the delivery of high-end products for critical etching processes in advanced logic and memory device manufacturing [2] Equipment and Market Position - The company’s CCP and ICP etching products are experiencing rapid growth, with the 60:1 ultra-high aspect ratio etching equipment becoming a standard in the domestic market [3] - The company has achieved single-atom level precision in its ICP etching equipment, with several thin film devices successfully entering the market and meeting international performance standards [3] - The company has maintained an average annual revenue growth of over 35% over the past 14 years and is projected to continue this trend with a 43.9% year-on-year revenue increase in the first half of 2025, reaching 4.961 billion yuan [4]

证券代码：688012 证券简称：中微公司 公告编号：2025-065 中微半导体设备（上海）股份有限公司 关于回购股份集中竞价减持股份计划公告 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： 回购股份的基本情况 中微半导体设备（上海）股份有限公司（以下简称"公司"或"中微公司"） 于 2024 年 2 月 8 日至 2024 年 4 月 30 日期间累计回购公司股份 2,096,273 股，占公司目前总股本的 0.33%。前述回购的股份用于维护公司价值及股 东权益，将在披露回购结果暨股份变动公告 12 个月后采用集中竞价交易方 式出售。公司如未能在股份回购实施完成之后 3 年内实施前述用途，尚未 出售的已回购股份将予以注销。截至本公告披露日，公司尚未减持或转让 前述股份。 减持计划的主要内容 公司于 2025 年 10 月 29 日召开第三届董事会第七次会议，审议通过《关于 回购股份集中竞价减持计划的议案》。根据《上海证券交易所上市公司自律 监管指引第 7 号——回购股份》的规定以及公司于 2 ...

中微公司Q3营收同比增长50.62%，净利润同比增长27.5%。业绩增长主要受核心刻蚀设备业务稳健增长及薄膜设备收入爆发式增长的推动。2025 年前三季度，LPCVD和ALD等薄膜设备收入4.03亿元，同比增长约1332.69%。 根据公告，中微公司在先进逻辑和存储器件制造的关键工艺方面取得显著进展，多款高端产品的新增付运量显著提升。 在刻蚀设备领域，用于关键刻蚀工艺的CCP单反应台介质刻蚀产品保持高速增长，60比1超高深宽比的介质刻蚀设备已成为国内标配，而下一代 90比1超高深宽比设备也即将进入市场。同时，ICP刻蚀设备和化学气相刻蚀设备开发取得良好进展，加工精度和重复性已达到单原子水平。 营收加速增长，薄膜设备成新引擎 财报数据显示，中微公司的营收增长动力来源广泛。2025年前三季度，公司总营收达到80.63亿元，较去年同期增长46.40%。其中，作为公司基石 业务的刻蚀设备收入为61.01亿元，同比增长38.26%，保持稳健增长。 更为引人注目的是薄膜设备业务的突破性进展。报告期内，包括LPCVD和ALD在内的薄膜设备收入达到4.03亿元，同比激增1332.69%。公司在 财报中表示，多款用于先进存储和 ...

Core Insights - The company reported a revenue of 8.063 billion yuan for the first three quarters of 2025, representing a year-on-year growth of approximately 46.40% [1][2] - The net profit for the same period was 1.211 billion yuan, an increase of about 32.66% compared to the previous year [1][2] Revenue Breakdown - The revenue from etching equipment reached 6.101 billion yuan, showing a year-on-year increase of approximately 38.26% [1] - Revenue from LPCVD and ALD thin film equipment surged to 403 million yuan, marking a significant year-on-year growth of approximately 1332.69% [1] Profitability Metrics - The total profit for the first three quarters was approximately 1.227 billion yuan, reflecting a year-on-year increase of about 29.65% [2] - The basic earnings per share were 1.94 yuan, up by 31.08% year-on-year [2] Research and Development - Total R&D expenditure amounted to approximately 2.523 billion yuan, which is a year-on-year increase of 63.44% [2] - R&D expenses accounted for 31.29% of total revenue, an increase of 3.26 percentage points compared to the previous year [2] Share Buyback and Reduction - The company announced a plan to reduce its holdings by up to 0.33% of its total shares, equating to 2.0963 million shares, from November 20, 2025, to February 19, 2026 [3] - The purpose of the reduction is to fulfill the subsequent disposal of repurchased shares and to supplement the company's working capital [3]

Core Viewpoint - The company plans to reduce its repurchased shares by up to 2,096,273 shares, representing 0.33% of its total share capital, within three months after the announcement, as part of the agreed purposes outlined in the repurchase report [1] Summary by Category - **Share Reduction Plan** - The company intends to reduce its repurchased shares through centralized bidding transactions [1] - The maximum number of shares to be reduced is 2,096,273 [1] - This reduction accounts for 0.33% of the company's total share capital [1] - **Purpose of Reduction** - The reduction is in accordance with the purposes specified in the repurchase report [1]

公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 中微半导体设备（上海）股份有限公司 2025 年第三季度报告 证券代码：688012 证券简称：中微公司 中微半导体设备（上海）股份有限公司 2025 年第三季度报告 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： 辑器件开发的 LPCVD、ALD 等多款薄膜设备已经顺利进入市场，并且设备性能完全达到国 际领先水平，薄膜设备的覆盖率不断增加。公司硅和锗硅外延 EPI 设备已顺利运付客户端进 行量产验证，并且获得客户高度认可。在泛半导体设备领域，公司正在开发更多化合物半导 体外延设备，已陆续付运至客户端开展生产验证。 审计师发表非标意见的事项 □适用 √不适用 一、主要财务数据 （一） 主要会计数据和财务指标 | | | 本报告期比 | | ...