Group 1: Zhongwei Company (688012) - Zhongwei Company is a leading domestic semiconductor equipment manufacturer, providing etching, film deposition, and MOCVD equipment for semiconductor products [5][6] - The company has successfully developed LPCVD and ALD equipment, which have been validated by customers and have entered the market with large-scale repeat orders [5][6] - In the etching equipment sector, the company's revenue for the first three quarters of 2025 reached 6.101 billion yuan, a year-on-year increase of approximately 38.26%, accounting for about 76% of total revenue [6][9] - The company maintains a high R&D investment, with R&D expenses reaching 1.794 billion yuan in the first three quarters of 2025, a year-on-year increase of 96.30%, representing a R&D expense ratio of 22.25% [5][9] - The company aims to cover over 60% of the equipment market in key areas of integrated circuits through independent research and industrial cooperation over the next five to ten years [5] Group 2: Jinfat Technology (600143) - Jinfat Technology has evolved from a modified plastics manufacturer to a global chemical new materials platform enterprise, with a focus on AI servers, humanoid robots, and new energy vehicles [10][11] - The company achieved operating revenue of 49.616 billion yuan in the first three quarters of 2025, a year-on-year increase of 22.62%, and a net profit of 1.065 billion yuan, up 55.86% [10][11] - The modified plastics business has maintained a revenue share of over 50% since 2020, with sales reaching 2.0908 million tons in the first three quarters of 2025, a year-on-year increase of 18.16% [11] - The new materials segment, including special engineering plastics and biodegradable plastics, saw sales of 200,800 tons in the first three quarters of 2025, a year-on-year increase of 22.36% [12] - The company is expected to benefit from domestic substitution and technological updates, with EPS forecasts for 2025-2027 being 0.54, 0.66, and 0.85 yuan, respectively [12]

| 上证指数 | | 3848.36 | -82.69 | -2.10% | | --- | --- | --- | --- | --- | | 000001 | | | | | | 创业板指 | W | 2940.87 | -101.47 | -3.34% | | 399006 | | | | | | 深证成指 | W | 12595.65 | -385.17 | -2.97% | | 399001 | | | | | | 科创50 | W | 1290.15 | -38.04 | -2.86% | | 000688 | | | | | | 北证50 | | 1395.45 | -50.09 | -3.47% | | 899050 | | | | | | 沪深300 | W | 4468.22 | -96.73 | -2.12% | | 000300 | | | | | | 上证50 | Nov | 2960.42 | -47.87 | -1.59% | | 000016 | | | | | 格隆汇11月21日｜沪指跌2.1%，深成指跌2.97%，创业板指跌3.34%。锂电产业链、算力硬件、光伏、 存储芯片 ...

Core Viewpoint - The chip ETF E Fund (516350) opened down by 1.95% at 1.109 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The E Fund chip ETF's performance benchmark is the CSI Chip Industry Index return [1] - Since its establishment on December 15, 2021, the fund has achieved a return of 13.01% [1] - Over the past month, the fund has experienced a return of -3.30% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC down 2.50% [1] - Cambricon down 2.42% [1] - Haiguang Information down 2.25% [1] - Northern Huachuang down 2.40% [1] - Lattice Semiconductor down 2.66% [1] - Zhaoyi Innovation down 5.07% [1] - Zhongwei Company down 2.90% [1] - OmniVision down 1.31% [1] - Chipone down 4.01% [1] - Changdian Technology down 1.44% [1]

Group 1 - The semiconductor ETF Southern (159325) opened down 2.20%, priced at 1.378 yuan [1] - Major holdings in the ETF experienced declines, including SMIC down 2.50%, Cambrian down 2.42%, and GigaDevice down 5.07% [1] - The ETF's performance benchmark is the CSI Semiconductor Industry Select Index return, managed by Southern Fund Management Co., Ltd. [1] Group 2 - Since its inception on October 31, 2024, the ETF has returned 40.62%, while the return over the past month is -4.13% [1]

Core Viewpoint - The semiconductor leader ETF (516640) opened down by 2.18% at 0.986 yuan, reflecting a broader decline in the semiconductor sector [1] Group 1: ETF Performance - The semiconductor leader ETF (516640) has a performance benchmark based on the CSI Semiconductor Industry Index return [1] - Since its establishment on August 19, 2021, the ETF has returned 0.82%, while its return over the past month is -3.38% [1] Group 2: Major Holdings Performance - Key holdings in the ETF include: - SMIC (中芯国际) down 2.50% - Cambricon (寒武纪) down 2.42% - Haiguang Information (海光信息) down 2.25% - Northern Huachuang (北方华创) down 2.40% - Lattice Semiconductor (澜起科技) down 2.66% - Zhaoyi Innovation (兆易创新) down 5.07% - Zhongwei Company (中微公司) down 2.90% - OmniVision (豪威集团) down 1.31% - Chipone (芯原股份) down 4.01% - Changdian Technology (长电科技) down 1.44% [1]

Core Viewpoint - The chip ETF Tianhong (159310) opened with a decline of 3.17%, indicating a bearish trend in the semiconductor sector [1] Group 1: ETF Performance - The Tianhong chip ETF (159310) opened at 1.896 yuan, reflecting a significant drop [1] - The fund's performance benchmark is the CSI Chip Industry Index return rate, managed by Tianhong Fund Management Co., Ltd. [1] - Since its establishment on April 18, 2024, the fund has achieved a return of 95.73%, while its return over the past month is -3.40% [1] Group 2: Major Holdings Performance - Key holdings in the Tianhong chip ETF experienced notable declines, including: - SMIC down 2.50% - Cambrian down 2.42% - Haiguang Information down 2.25% - Northern Huachuang down 2.40% - Lanke Technology down 2.66% - Zhaoyi Innovation down 5.07% - Zhongwei Company down 2.90% - OmniVision down 1.31% - Chipone down 4.01% - Changdian Technology down 1.44% [1]

证券日报网讯 11月20日晚间，中微公司发布公告称，2025年11月20日，公司回购专用证券账户在减持 期间内首次出售已回购股份273股，减持均价为286元/股。 （文章来源：证券日报） ...

证券代码：688012 证券简称：中微公司 公告编号：2025-067 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进展公告 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。 减持计划的进展情况 其他原因：首次出售回购股份 | 股东名称 | 中微半导体设备（上海）股份有限公司回购专用证券 | | --- | --- | | | 账户 | | 减持计划首次披露日期 | 2025 年 10 月 30 日 | | 减持数量 | 273股 | | 减持 ...

Group 1 - The core point of the news is that Zhongwei Company experienced a stock decline of 5.03%, with a current share price of 283.50 yuan, a trading volume of 2.876 billion yuan, a turnover rate of 1.59%, and a total market capitalization of 177.512 billion yuan [1] - Zhongwei Semiconductor Equipment (Shanghai) Co., Ltd. was established on May 31, 2004, and went public on July 22, 2019. The company specializes in the research, production, and sales of high-end semiconductor equipment [1] - The main business revenue composition of Zhongwei includes specialized equipment at 86.17%, spare parts at 12.84%, and others at 0.99% [1] Group 2 - From the perspective of fund holdings, one fund under Su Xin has a significant position in Zhongwei Company. The Su Xin SSE Sci-Tech Innovation Index Enhanced A Fund (023937) held 10,900 shares in the third quarter, accounting for 2.1% of the fund's net value, making it the fourth-largest holding [2] - The estimated floating loss for the fund today is approximately 163,500 yuan [2] - The Su Xin SSE Sci-Tech Innovation Index Enhanced A Fund was established on May 20, 2025, with a current scale of 82.6127 million yuan and a cumulative return of 31.73% since inception [2]

Group 1 - Semiconductor equipment stocks weakened, with Zhongwei Company down over 4%, Northern Huachuang down over 3%, and Huahai Qingshi, Tuojing Technology, Nanda Optoelectronics, Anji Technology, and Zhongke Feimiao all down over 2% [1] - Semiconductor equipment and materials-related ETFs fell over 2% [1] Group 2 - The semiconductor equipment ETF is priced at 1.420, down 2.41%; the semiconductor materials ETF is at 1.490, down 2.30%; the chip equipment ETF is at 1.562, down 2.25% [2] - Analysts indicate that under the backdrop of the AI wave and domestic production, there is a continuous demand for expansion in advanced production lines, making semiconductor equipment a cornerstone for wafer foundry expansion and an important link for achieving self-controllable industrial chains, suggesting that domestic semiconductor equipment companies are likely to encounter development opportunities [2]