内容概况：当前，中国键合机行业正处于快速发展与转型升级的关键阶段。作为半导体封装设备的重要 组成部分，键合机在集成电路、功率器件以及光电子器件等制造过程中发挥着不可替代的作用。近年 来，在国家政策持续支持、下游应用市场不断扩展以及技术持续创新的共同推动下，中国键合机行业呈 现出蓬勃的发展势头。从进口情况来看，2024年中国引线键合机进口量为10873台，同比增长22.78%； 进口金额为44.03亿元，同比增长22.56%。主要是半导体产业快速发展、高端设备国产化率不足及技术 壁垒较高。2025年以来，半导体行业供需关系出现调整，消费电子需求疲软导致下游备货意愿减弱，成 熟制程产能利用率出现回落，行业整体进入"产能消化"阶段。受此影响，2025年前三季度，中国引线键 合机进口量为7124台，同比下降13.68%；进口金额为29.63亿元，同比下降7.97%。尽管国内企业已在中 低端键合机市场实现了一定程度的国产替代，但在高精度、高效率的高端引线键合机领域，仍高度依赖 进口产品，反映出国内企业在核心技术研发与产品创新能力方面仍有待进一步提升和加强。 相关上市企业：迈为股份（300751）、奥特维（688516） ...

Group 1 - The semiconductor sector showed strength on November 28, 2025, with the Shanghai Stock Exchange Sci-Tech Innovation Board Chip Index rising by 1.22% [1] - Key stocks such as Jinghe Integrated rose by 11.32%, Tuojing Technology by 6.55%, and Tianyue Advanced by 6.13% [1] - The Chinese semiconductor industry is expected to see the chip design sector exceed 1 trillion yuan by 2030, indicating strong long-term growth potential [1] Group 2 - Dongguan Securities forecasts that artificial intelligence will remain the main innovation line in the technology sector through 2026, benefiting multiple segments including computing power, storage, equipment, and advanced packaging [1] - The top ten weighted stocks in the Sci-Tech Innovation Board Chip Index account for 60.55% of the index, with major companies including Haiguang Information, Cambricon, and SMIC [1] Group 3 - The Sci-Tech Chip ETF (588200) tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Chip Index, providing a convenient tool for investing in the chip sector [2] - Investors without stock accounts can access domestic chip investment opportunities through the Sci-Tech Chip ETF Linked Fund (017470) [3]

Group 1 - The core viewpoint of the news is that ChipSource Microelectronics has shown a positive stock performance, with a 5.04% increase in share price, reaching 125.97 CNY per share, and a total market capitalization of 25.399 billion CNY [1] - ChipSource Microelectronics, established on December 17, 2002, specializes in the research, production, and sales of semiconductor equipment, with its main revenue sources being photoresist coating and developing equipment (59.86%) and single-wafer wet processing equipment (36.76%) [1] - The company has a total trading volume of 2.72 million CNY and a turnover rate of 1.10% [1] Group 2 - From the perspective of fund holdings, the China Post Fund has a significant position in ChipSource Microelectronics, with its core technology innovation flexible allocation mixed fund (000966) holding 12,100 shares, accounting for 2.07% of the fund's net value [2] - The fund has reduced its holdings by 2,000 shares in the third quarter, and the estimated floating profit from this investment is approximately 72,800 CNY [2] - The fund has achieved a year-to-date return of 21.39%, ranking 3,648 out of 8,127 in its category [2]

第二条 公司系依照《公司法》《证券法》及其他法律法规的规定成立的股 份有限公司。 沈阳芯源微电子设备股份有限公司 章 程 2025年11月 | | | | | | 沈阳芯源微电子设备股份有限公司 章 程 第一章 总 则 第一条 为维护沈阳芯源微电子设备股份有限公司（以下简称"公司"）、 股东、职工和债权人的合法权益，规范公司的组织和行为，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》）、《科创板上市公司持续监管办法（试行）》《上海证券交易所科创板 股票上市规则》《上市公司章程指引》等法律法规和其他有关规定，制定本章程。 公司由沈阳芯源微电子设备有限公司整体变更设立，在沈阳市浑南区市场监 督管理局注册登记，取得营业执照，统一社会信用代码为：9121011274273568XC。 第三条 公司于 2019 年 11 月 15 日经中国证券监督管理委员会（以下简称 "中国证监会"）作出同意注册决定，首次向社会公众发行人民币普通股 2,100 万股，于 2019 年 12 月 16 日在上海证券交易所科创板上市。 第四条 公司注册名称 中文名称：沈阳芯源微电子设备 ...

公司 2023 年限制性股票激励计划首次授予部分第二个归属期的归属条件已 经成就，公司因本次限制性股票归属新增的股份数量为 34.945 万股，已于 2025 年 9 月 22 日在中国证券登记结算有限责任公司上海分公司完成登记，并于 2025 年 9 月 26 日上市流通。本次归属完成后，公司股份总数由 201,277,846 股变更为 201,627,296 股，注册资本由 201,277,846 元变更为 201,627,296 元。 证券代码：688037 证券简称：芯源微 公告编号：2025-070 沈阳芯源微电子设备股份有限公司 关于变更公司注册资本、修订《公司章程》并办理工 商变更登记的公告 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、准确性和完整性承担个别及连带责任。 沈阳芯源微电子设备股份有限公司（以下简称"公司"）于 2025 年 11 月 27 日召开第三届董事会第五次会议，审议通过了《关于变更注册资本、修订<公 司章程>并办理工商变更登记的议案》。 根据公司于 2023 年 8 月 14 日召开 2023 年第一次临时股东大会审 ...

Core Viewpoint - The stock of ChipSource Microelectronics has experienced fluctuations, with a recent decline of 2.00% and a year-to-date increase of 45.37%, indicating volatility in the semiconductor equipment sector [1][2]. Financial Performance - For the period from January to September 2025, ChipSource Microelectronics reported a revenue of 990 million yuan, a year-on-year decrease of 10.35%, and a net profit attributable to shareholders of -10.05 million yuan, reflecting a significant decline of 109.34% [2]. - Cumulative cash dividends since the company's A-share listing amount to 139 million yuan, with 86.89 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 15.37% to 16,000, while the average circulating shares per person decreased by 13.17% to 12,633 shares [2]. - The top ten circulating shareholders include notable funds such as Nuoan Growth Mixed A and Harvest SSE STAR Chip ETF, with some funds reducing their holdings significantly [3].

交银上证科创板100指数A（023050）基金经理为邵文婷。 截至发稿，邵文婷累计任职时间4年212天，现任基金资产总规模135.61亿元，任职期间最佳基金回报 36.71%， 任职期间最差基金回报-35.14%。 11月26日，芯源微涨5.1%，截至发稿，报126.54元/股，成交3.48亿元，换手率1.39%，总市值255.14亿 元。 资料显示，沈阳芯源微电子设备股份有限公司位于辽宁省沈阳市浑南区彩云路1号，成立日期2002年12 月17日，上市日期2019年12月16日，公司主营业务涉及半导体专用设备的研发、生产和销售。主营业务 收入构成为：光刻工序涂胶显影设备59.86%，单片式湿法设备36.76%，其他(补充)2.51%，其它设备 0.86%。 从基金十大重仓股角度 数据显示，交银施罗德基金旗下1只基金重仓芯源微。交银上证科创板100指数A（023050）三季度减持 1.2万股，持有股数1.54万股，占基金净值比例为1.84%，位居第九大重仓股。根据测算，今日浮盈赚取 约9.44万元。 交银上证科创板100指数A（023050）成立日期2025年2月26日，最新规模6297.39万。成立以来收益 ...

Core Viewpoint - The company, ChipSource Micro, reported a decline in revenue and net profit for the first three quarters of 2025, attributing the downturn to several factors including slow client acceptance and delays in equipment delivery [1][3]. Business Overview - ChipSource Micro specializes in the research, production, and sales of semiconductor equipment, with headquarters in Shenyang and subsidiaries in Japan, Shanghai, and Guangzhou [1]. - The company has established four main business segments: front-end coating and developing, front-end cleaning, advanced packaging, and core components, having delivered over 2,000 sets of equipment [1]. Product Layout - The main products include front-end coating and developing equipment, front-end physical and chemical cleaning equipment, and advanced packaging devices [3]. - The front-end coating and developing machines, along with front-end physical cleaning machines, have secured orders from leading domestic clients in logic and memory sectors [3]. - The front-end chemical cleaning machines have received formal and validation orders from several major clients, while advanced packaging equipment has been widely adopted by top-tier manufacturers such as TSMC and others [3]. Financial Performance - For the first three quarters, the company reported a revenue of 990 million yuan, a year-on-year decrease of 10%, and a net profit attributable to shareholders of -10.05 million yuan [3]. - The revenue decline is attributed to three main reasons: low maturity of front-end Track products, delayed acceptance of large orders from strategic clients, and the time lag between signing and revenue recognition for new products [3]. Cash Flow Analysis - The net cash flow from operating activities for the first three quarters was -230 million yuan, primarily due to increased procurement costs for materials and higher employee compensation from staff expansion [4]. - Despite the negative cash flow, the company indicated that the overall operating cash flow remains healthy, with contract liabilities growing nearly 80% compared to the end of the previous year, reflecting increased orders and customer prepayments [4]. Future Development Plans - Following the acquisition by Northern Huachuang in June 2025, the company aims to enhance management, resource allocation, and product planning [4]. - The focus will be on achieving rapid breakthroughs in front-end Track products and increasing the market penetration of new front-end chemical cleaning products while maintaining a leading position in advanced packaging [4]. - The company plans to optimize the design of front-end coating and developing equipment, enhance reliability, and research new high-capacity technologies, while also advancing the development of high-end packaging equipment [4].

芯源微在投资者互动平台回答称，2025年是公司研发的大年，包括新一代涂胶显影机、高端化学清洗 机、先进封装新产品、核心零部件等研发投入及人才储备强度较大。同时，公司战略新产品前道化学清 洗机订单快速增长，对应投入的管理费用、销售费用持续增加。但公司新产品从研发、获得订单到转化 成收入需要一定周期，会有投入产出时间上的错配。另外叠加政府补助未如期到账、汇兑损失等因素， 导致利润下滑。公司将继续锚定前道涂胶显影、前道清洗、后道先进封装三大核心主赛道，以客户为中 心，持续提升产品竞争力及市场占有率，不断做优做大经营体量。 ...

芯源微11月24日召开2025年第三季度业绩说明会，公司针对2025年第三季度的经营成果及财务指标的具 体情况与投资者进行交流。 芯源微专业从事半导体专用设备的研发、生产和销售，公司总部位于沈阳市浑南区，并在日本、上海、 广州等地设有子公司。公司已形成前道涂胶显影、前道清洗、后道先进封装及化合物、核心零部件四大 业务板块，产品累计出厂超过2000台套，是国内半导体设备细分领域龙头。 芯源微在本次业绩说明会上介绍，公司产品包括前道涂胶显影设备、前道物理清洗设备、前道化学清洗 设备、后道先进封装设备和化合物等小尺寸设备。公司前道涂胶显影机、前道物理清洗机持续获得国内 领先逻辑、存储等客户订单；前道化学清洗机获得国内多家大客户订单及验证性订单；后道先进封装用 涂胶显影设备、单片式湿法设备已连续多年作为主流机型批量应用于台积电、盛合晶微、长电科技 （600584）、华天科技（002185）、通富微电（002156）、珠海天成等海内外一线大厂，持续获得海外 封装龙头客户批量重复性订单。 在谈及经营业绩情况时，芯源微表示，公司前三季度实现营业收入9.9亿元，同比下降10%，主要原因 一是前道Track产品成熟性还不高，客 ...