| 证券代码：688019 | 证券简称：安集科技 | 公告编号：2025-039 | | --- | --- | --- | | 转债代码：118054 | 转债简称：安集转债 | | 安集微电子科技（上海）股份有限公司 第三届监事会第二十一次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 安集微电子科技（上海）股份有限公司（以下简称"公司"）第三届监事会 第二十一次会议于2025年7月1日以通讯表决方式召开。本次会议的通知于2025 年 6 月 25 日通过电子邮件等形式送达全体监事。会议应出席监事 3 人，实际出 席监事 3 人，会议由监事会主席冯倩女士主持。会议的召集和召开程序符合《中 华人民共和国公司法》等法律、法规、部门规章以及《安集微电子科技（上海） 股份有限公司章程》的有关规定，作出的决议合法、有效。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《关 于调整公司 2023 年、2024 年限制性股票激励计划相关事项及作废处理部分限制 性 ...

安集微电子科技（上海）股份有限公司（以下简称"公司"）监事会依据《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》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、 《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）和《安集 微电子科技（上海）股份有限公司章程》（以下简称"《公司章程》"）等有关规 定，对公司 2023 年限制性股票激励计划（以下简称"本次激励计划"）第二个归 属期归属名单进行审核，发表核查意见如下： 公司 2023 年限制性股票激励计划第二个归属期拟归属的 182 名激励对象符 合《公司法》《证券法》等法律、法规和规范性文件以及《公司章程》规定的任 职资格，符合《管理办法》《上市规则》等法律、法规和规范性文件规定的激励 对象条件，符合本次激励计划规定的激励对象范围，其作为公司本次激励计划激 励对象的主体资格合法、有效，激励对象获授限制性股票的归属条件已成就。 监事会同意本次符合条件的 182 名激励对象办理归属，对应限制性股票的归 属数量为 58.1714 万股。上述事项符合相关法律、法规及规范性文件所规定的条 ...

安集微电子科技（上海）股份有限公司 监 事 会 安集微电子科技（上海）股份有限公司（以下简称"公司"）监事会依据《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》"）、《上市公司股权激励管理办法》（以下简称"《管理办法》"）、 《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）和《安集 微电子科技（上海）股份有限公司章程》（以下简称"《公司章程》"）等有关规 定，对公司 2024 年限制性股票激励计划（以下简称"本次激励计划"）第一个归 属期归属名单进行审核，发表核查意见如下： 安集微电子科技（上海）股份有限公司监事会 公司2024年限制性股票激励计划第一个归属期拟归属的68名激励对象符合 《公司法》《证券法》等法律、法规和规范性文件以及《公司章程》规定的任职 资格，符合《管理办法》《上市规则》等法律、法规和规范性文件规定的激励对 象条件，符合本次激励计划规定的激励对象范围，其作为公司本次激励计划激励 对象的主体资格合法、有效，激励对象获授限制性股票的归属条件已成就。 关于 2024 年限制性股票激励计划 监事会同意本次符合条件的 68 名激励 ...

| 证券代码：688019 | 证券简称：安集科技 | 公告编号：2025-038 | | --- | --- | --- | | 转债代码：118054 | 转债简称：安集转债 | | 安集微电子科技（上海）股份有限公司 第三届董事会第二十一次会议决议公告 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。 安集微电子科技（上海）股份有限公司（以下简称 "公司"）第三届董事会 第二十一次会议于 2025 年 7 月 1 日以通讯方式召开。公司于 2025 年 6 月 25 日 以邮件等方式向全体董事发出召开本次会议的通知，与会的各位董事已知悉与所 议事项相关的必要信息。本次会议由董事长 Shumin Wang 女士召集并主持，会 议应到董事 8 名，实到董事 8 名，会议的召集和召开程序符合《中华人民共和国 公司法》（以下简称"《公司法》"）等法律、法规、部门规章以及《安集微电子科 技（上海）股份有限公司章程》（以下简称"《公司章程》"）的有关规定，作出的 决议合法、有效。 会议以通讯表决方式审议通过了以下议案： 一、审议并 ...

Core Viewpoint - The article discusses the supply chain issues and investment opportunities in the semiconductor chemical mechanical polishing (CMP) materials market, particularly focusing on the impact of Taiwan's export controls on the supply of DSTl slurry and the growth potential of CMP materials in the semiconductor industry. Group 1: CMP Slurry Supply Issues - DSTl slurry supply has been suspended due to Taiwan's export control restrictions, with only five months of inventory remaining (267 barrels) [2] - DSTl slurry is critical for the CMP process in semiconductor manufacturing, enhancing wafer flatness and surface quality [2] Group 2: Investment Logic in CMP Materials - The demand for CMP materials is expected to grow rapidly due to advancements in process nodes, increased wiring density, and the transition from 2D NAND to 3D NAND technology [4] - CMP materials account for 7% of the semiconductor manufacturing material costs, with CMP slurry and pads making up 49% and 33% of CMP material costs, respectively [4] - The global CMP materials market is projected to grow from $3.3 billion in 2023 to over $4.2 billion by 2027 [4] Group 3: CMP Pad Market Overview - The global CMP pad market grew from $650 million in 2016 to $1.13 billion in 2021, with a CAGR of 11.69% [5] - In China, the CMP pad market increased from 810 million yuan in 2016 to 1.31 billion yuan in 2021, with a CAGR of 10.09% [5] - Dow DuPont dominates the global CMP pad market with a 79% share, while domestic company Dinglong has become a key player in China [6] Group 4: CMP Slurry Market Overview - The global CMP slurry market expanded from $1.1 billion in 2016 to $1.43 billion in 2021, with a CAGR of 5.39% [7] - The Chinese CMP slurry market grew significantly, from 1.23 billion yuan in 2016 to 2.2 billion yuan in 2021, with a CAGR of 12.28% [7] - Major global players in the CMP slurry market include Cabot, Versum Materials, and Dow, with China being the largest demand region [7] Group 5: Domestic Companies in CMP Materials - Dinglong has established itself as the only domestic supplier mastering the entire CMP pad production process, achieving significant breakthroughs in the field [6][12] - Anji Technology, a leading domestic CMP slurry company, reported revenues of 1.075 billion yuan in 2023, capturing a significant market share [22][23] - Shanghai Xinyang and Jiangfeng Electronics are also notable players in the CMP materials sector, focusing on various CMP products [36][37] Group 6: Future Trends and Opportunities - The future of CMP materials is expected to trend towards specialization and customization, providing opportunities for new entrants in the market [8] - Companies focusing on new technologies for polishing liquids, such as those related to SiC, and those mastering upstream particle development are recommended for investment [8]

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 27.907 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 999 million yuan [1] - A total of 255 stocks saw net inflows, while 332 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 284 stocks rose, with two stocks, Frontier Bio and Kaiweite, hitting the daily limit, while 293 stocks fell [1] - Among the stocks with net inflows, Longxin Zhongke led with a net inflow of 155 million yuan, followed by Baijie Shenzhou and Anji Technology with net inflows of 111 million yuan and 102 million yuan, respectively [1] Continuous Fund Flow Analysis - There are 53 stocks that have seen continuous net inflows for more than three trading days, with Zhengfan Technology leading at 12 consecutive days of inflow [2] - Conversely, 100 stocks have experienced continuous net outflows, with Puyuan Information leading at 13 consecutive days of outflow [2] Top Fund Inflows - The top stocks by net inflow include: - Longxin Zhongke: 155.47 million yuan, 8.92% inflow rate, 6.43% increase [2] - Baijie Shenzhou: 111.34 million yuan, 13.10% inflow rate, 3.65% increase [2] - Anji Technology: 101.90 million yuan, 11.29% inflow rate, 5.01% increase [2] Notable Outflows - The stock with the highest net outflow is Hanwujing, with a net outflow of 692 million yuan and a 6.40% decrease [1] - Other significant outflows include Haiguang Information and Hengxuan Technology, with net outflows of 220 million yuan and 163 million yuan, respectively [1]

Core Insights - The report highlights a decline in the total profit of industrial enterprises in China, with a year-on-year decrease of 1.1% for the first five months of 2025, indicating a slowdown in industrial profitability [6][8] - High-tech manufacturing continues to support the profitability of industrial enterprises, suggesting a potential area for investment [6][7] - The report notes that while operating income for industrial enterprises grew by 2.7%, the growth rate has narrowed, indicating cost pressures that may affect profitability [6][7] Macroeconomic Overview - The total profit of industrial enterprises reached 27,204.3 billion yuan in the first five months, with a significant drop in May, where profits fell by 9.1% year-on-year [6][7] - The operating income for industrial enterprises showed a slight increase, with a profit margin of 5.0%, which is a marginal improvement from the previous month [6][7] - The report emphasizes the need for demand-side policies to stimulate growth, particularly in the real estate sector, which remains a significant shortfall in domestic demand [7][8] Industry Performance - The report provides a snapshot of various industry performances, with the non-ferrous metals sector showing a positive growth of 2.17%, while the banking sector experienced a decline of 2.95% [5] - The overall industrial production activity remains active, with an industrial added value growth of 6.3% year-on-year, although price pressures persist due to weak demand [7][8] - The report indicates that the prices of key commodities such as crude oil and iron ore have decreased, impacting the profitability of domestic industrial enterprises [8]

| 证券代码：688019 | 证券简称：安集科技 | 公告编号：2025-037 | | --- | --- | --- | | 转债代码：118054 | 转债简称：安集转债 | | 根据《上市公司证券发行注册管理办法》《上海证券交易所科创板股票上市 规则》等有关规定，安集微电子科技（上海）股份有限公司（以下简称"公司"） 委托信用评级机构联合资信评估股份有限公司（以下简称"联合资信"）对公司 主体及公司向不特定对象发行的可转换公司债券（以下简称"安集转债"）进行 了跟踪信用评级。 公司前次主体长期信用评级结果为 AA-，"安集转债"前次债券信用评级结 果为 AA-，评级展望为稳定，评级机构为联合资信，评级时间为 2024 年 9 月 3 日。 安集微电子科技（上海）股份有限公司 关于"安集转债"跟踪信用评级结果的公告 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： 前次债券评级：公司主体信用等级为 AA-，"安集转债"的信用等级为 AA-，评级展望为稳定。 本次债券评级：公司主体信用等级为 AA-，" ...

安集微电子科技（上海）股份有限公司 向不特定对象发行可转换公司债券 2025 年跟踪评级报告 | www.lhratings.com | | --- | | 1 | 联合〔2025〕5900 号 联合资信评估股份有限公司通过对安集微电子科技（上海）股 份有限公司主体及其相关债券的信用状况进行跟踪分析和评估，确 定维持安集微电子科技（上海）股份有限公司主体长期信用等级为 AA-，维持"安集转债"信用等级为 AA-，评级展望为稳定。 特此公告 联合资信评估股份有限公司 评级总监： 二〇二五年六月三十日 跟踪评级报告 | 2 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日的 独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合资信 基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对象的事 实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵循了真 实、客观、公正的原则。鉴于信用评级工作特性及受客观条件影响，本报告 在资料信息获取、评级方法与模型、未来事项预测评估等方面存在局限性。 二、本报告系联合资信接受安集微电子科技（上海）股份有限公司（以 下简称"该公司"）委托所 ...

Investment Rating - The report rates the chemical industry as "Outperform" [2] Core Views - The chemical industry has been significantly impacted by tariff-related policies and fluctuations in crude oil prices. Key areas of focus for June include safety regulations, supply changes in the pesticide and intermediate sectors, performance fluctuations due to export dynamics, and the importance of self-sufficiency in electronic materials [4][11] - The report suggests a mid-to-long-term investment strategy focusing on high oil prices, robust performance in the oil and gas extraction sector, and the growth potential in new materials, particularly in electronic and renewable energy materials [4][11] Summary by Sections Industry Dynamics - As of June 29, the TTM price-to-earnings ratio for the SW basic chemicals sector is 22.34, at the 63.93 percentile historically, while the price-to-book ratio is 1.83, at the 14.09 percentile historically. For the oil and petrochemical sector, the TTM price-to-earnings ratio is 10.98, at the 15.69 percentile historically, and the price-to-book ratio is 1.19, at the 2.39 percentile historically [4][11] Price Changes - In the week of June 23-29, 38 chemical products saw price increases, 38 saw decreases, and 24 remained stable. The average price of WTI crude oil fell by 12.56% to $65.52 per barrel, while Brent crude fell by 12.00% to $67.77 per barrel. The average price of MDI decreased by 1.59% to 15,500 CNY/ton, while H acid increased by 5.39% to 44,000 CNY/ton [10][28][30] Investment Recommendations - The report recommends focusing on companies with strong dividend policies and those in high-growth sectors such as oil and gas, electronic materials, and new energy materials. Specific companies highlighted for investment include China Petroleum, China National Offshore Oil Corporation, and several others in the electronic materials sector [4][11]