Group 1 - The core viewpoint of the news is that ChipSource Microelectronics has experienced a decline in stock price and financial performance, with significant changes in shareholder structure and financing activities [1][2][3]. Group 2 - On February 2, ChipSource Microelectronics' stock fell by 8.17%, with a trading volume of 1.686 billion yuan. The financing buy-in amount was 98.152 million yuan, while the financing repayment was 78.152 million yuan, resulting in a net financing buy-in of 19.9998 million yuan. The total financing and securities balance reached 817 million yuan, with the financing balance accounting for 2.11% of the circulating market value, indicating a high level compared to the past year [1]. - As of September 30, the company reported a total revenue of 990 million yuan for the first nine months of 2025, a year-on-year decrease of 10.35%. The net profit attributable to shareholders was -10.0492 million yuan, reflecting a year-on-year decrease of 109.34% [2]. - The number of shareholders increased to 16,000, up by 15.37%, while the average circulating shares per person decreased by 13.17% to 12,633 shares [2]. - Among the top ten circulating shareholders, notable changes include a decrease in holdings by several funds, such as the Noan Growth Mixed A fund, which reduced its holdings by 399,700 shares, and the Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF, which decreased by 163,000 shares. Conversely, the Dongfang Artificial Intelligence Theme Mixed A fund increased its holdings by 39,240 shares [3].

Core Viewpoint - The company, Chip Source Microelectronics, announced a change in its signing registered accountants for the 2025 financial statement and internal control audit, with a new appointee replacing a previous member due to work adjustments [2]. Group 1 - The company received a notice from Rongcheng Accounting Firm regarding the change of signing registered accountants [2]. - The original signing accountants for the 2025 financial statement audit were Yan Changman, Zhao Songhe, and Yu Haijuan [2]. - Due to work adjustments, Yu Haijuan has been replaced by Su Qiang as the signing registered accountant [2].

证券代码：688037 证券简称：芯源微 公告编号：2026-003 1、基本情况 签字注册会计师：苏强，2021 年成为中国注册会计师，2015 年开始从事上 市公司审计业务，2021 年开始在容诚执业，2024 年开始为公司提供审计服务； 近三年签署过辽宁中科等新三板挂牌公司审计报告。 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"）分别于 2025 年 4 月 25 日召开第二届董事会第二十九次会议、第二届监事会第二十七次会议，2025 年 5 月 16 日召开 2024 年年度股东大会，审议通过了《关于续聘 2025 年度审计 机构的议案》，同意续聘容诚会计师事务所（特殊普通合伙）（以下简称"容诚"） 为公司 2025 年度财务报表及内部控制审计机构。具体内容详见公司于 2025 年 4 月 26 日在上海证券交易所网站（www.sse.com.cn）披露的《沈阳芯源微电子设 备股份有限公司关于续聘 2025 年度审计机构的公告》（公告编号：2025-029）。 ...

Company and Industry Summary Company: ChipSource Microelectronics (芯源微) Key Areas of Focus - ChipSource Microelectronics is centered around three main areas: - Front-end coating and developing - Front-end single wafer cleaning - Back-end advanced packaging [1][3] Core Technologies and Developments - The new generation of coating and developing machines is expected to demonstrate overall performance at client sites by 2026 [1][4] - The company aims to position itself in high-end cleaning equipment with two advanced models: supercritical and high-temperature sulfuric acid cleaning machines [1][3] - In advanced packaging, the focus is on thermal compression bonding technology [1][3] Performance and Growth Potential - With the support of the controlling shareholder, North China Huachuang, the company is expected to achieve rapid performance growth [2][4] - ChipSource Microelectronics is currently the only domestic manufacturer capable of providing mass production front-end coating and developing machines [3][4] - The new ultra-high-capacity coating and developing machine architecture, FTAlkaid, is anticipated to show overall performance at client sites next year [4] Cleaning Equipment Achievements - The front-end chemical cleaning equipment is focused on advanced processes, with orders in the first three quarters showing several times year-on-year growth [5] - ChipSource Microelectronics has become the first domestic company to validate the high-temperature sulfuric acid cleaning process and has received repeat orders [5] - Supercritical machines have begun to be sent to multiple clients for process validation [5] Advanced Packaging Market Position - As a provider of complete process equipment, ChipSource Microelectronics holds over 50% market share in advanced packaging [5] - The company currently has a full order book for temporary bonding products and plans to focus on key technologies in bonding and debonding, particularly addressing challenges in thermal compression bonding technology [5]

Summary of Conference Call Notes Company and Industry Involved - The focus is on **芯源微 (Xinyuan Micro)**, a company in the semiconductor equipment industry, particularly in the fields of photoresist coating and developing, single wafer cleaning, and advanced packaging. Core Points and Arguments - **Main Business Segments**: Xinyuan Micro operates in three primary areas: - Front-end photoresist coating and developing - Front-end single wafer cleaning - Back-end advanced packaging [1] - **New Product Developments**: - The new generation of high-capacity photoresist coating machines, **FTAlkaid**, is expected to demonstrate overall performance at client sites in 2026 [1][2]. - The company is the only domestic provider of mass production front-end photoresist coating machines [2]. - **Chemical Cleaning Equipment**: - The focus is on advanced processes, with a significant increase in orders in the first three quarters, showing multiple times year-on-year growth [2]. - Xinyuan Micro is the first domestic company to validate the high-temperature sulfuric acid cleaning process and has received repeat orders [2]. - Supercritical cleaning machines have been sent to multiple clients for process validation [2]. - **Advanced Packaging**: - Xinyuan Micro holds over 50% market share as a provider of complete process equipment for advanced packaging [2]. - The company has a robust order backlog for temporary bonding products and plans to focus on key technologies related to bonding and debonding, particularly in thermal compression bonding [2]. Other Important but Possibly Overlooked Content - The company is expected to achieve rapid performance growth, supported by its controlling shareholder, **Northeast Huachuang** [1].

Group 1 - The top ten stocks with net financing purchases on January 27 include Mingyang Smart Energy (571 million), Zijin Mining (340 million), SMIC (228 million), China Railway (219 million), Cambricon (209 million), Yuguang Gold Lead (182 million), Chipone (162 million), Chipright (158 million), Industrial Fulian (152 million), and Aotwei (134 million) [1]

Group 1 - The core viewpoint of the news highlights a significant rebound in the semiconductor industry, particularly in storage chip stocks, with notable gains from companies like Dongxin Co., which saw a 20% increase, and others like Chipone Technology and Shengke Communication-U also performing strongly [1][3] - The newly listed ETF tracking the semiconductor sector, Huabao (589190), experienced a price increase of 2.72% with a trading volume of 1.19 billion yuan, indicating active market participation [1][3] - The semiconductor industry is being driven by two main catalysts: the AI wave and domestic substitution, with significant price increases in NAND flash memory expected to continue due to rising demand from AI infrastructure [3][6] Group 2 - Data from TrendForce indicates that the prices of DRAM and NAND Flash are expected to rise until 2027, supported by long-term demand from AI servers and enterprise storage [3][6] - The domestic semiconductor equipment substitution rate is projected to increase from 25% in 2025 to 35% by 2026, with core equipment like etching machines and thin-film deposition equipment exceeding a 40% substitution rate [3][6] - The Shanghai Stock Exchange's semiconductor index has shown an annualized return of 17.93%, outperforming other similar indices, with a lower maximum drawdown, indicating a favorable risk-reward profile [5][6]

来源：上市之家 上市之家获悉，1月27日，沈阳芯源微电子设备股份有限公司（证券代码：688037，简称"芯源微"）披 露2025年年度业绩预告，公司营收规模实现稳健增长，但受成本费用增加、资产减值计提及政府补助减 少等多重因素影响，净利润同比出现大幅下滑，扣非后净利润呈现亏损状态。 业绩预告显示，2025年全年芯源微预计实现营业收入17.6亿元至20亿元，较2024年同期的17.536亿元相 比，增加639.4万元至2.46亿元，同比增幅为0.36%至14.05%，营收端保持了稳步扩张的态势。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：上市之家 上市之家获悉，1月27日，沈阳芯源微电子设备股份有限公司（证券代码：688037，简称"芯源微"）披 露2025年年度业绩预告，公司营收规模实现稳健增长，但受成本费用增加、资产减值计提及政府补助减 然而，净利润承压明显，预计全年归属于母公司所有者的净利润为5200万元至7600万元，较上年同期的 2.028亿元大幅减少1.27亿元至1.51亿元，同比降幅达6 ...

Group 1 - The core viewpoint of the news highlights a significant rebound in the hard technology sector, particularly in the chip industry, driven by storage chip stocks leading the gains [1] - Notable stock performances include Dongxin Co., which saw a 20% increase, and other companies like Shengke Communication-U and Xinyuan Micro, which also experienced substantial gains [1] - The newly listed ETF tracking the semiconductor sector, Huabao (589190), showed a recovery with a closing increase of 2.72% and an active trading volume of 119 million yuan [1] Group 2 - The semiconductor sector is benefiting from dual drivers: the AI wave and domestic substitution, with storage prices continuing to rise due to increased demand from AI infrastructure [3] - Samsung Electronics has raised NAND flash supply prices by over 100% in Q1 2024, exceeding market expectations, indicating strong demand for storage chips [3] - The domestic semiconductor equipment substitution rate is projected to rise from 25% in 2025 to 35% by 2026, with core equipment substitution rates exceeding 40% [3] Group 3 - The Shanghai Stock Exchange's semiconductor index has shown an annualized return of 17.93% since its inception, outperforming other similar indices [5] - The index's maximum drawdown is lower compared to its peers, indicating a better risk-reward profile [5] - Historical performance of the index shows significant fluctuations, with a notable increase of 61.33% expected in 2025 [6]

Group 1 - The core viewpoint of the news highlights a strong performance of the semiconductor materials and equipment sector, with the CSI Semiconductor Materials and Equipment Theme Index rising by 2.43% as of January 27, 2026 [1] - Notable individual stocks within the index include Chipone Technology, which increased by 10.90%, and other companies like Shengen Co. and Jinhai Tong, which saw gains of 10.53% and 10.00% respectively [1] - The E Fund Semiconductor Equipment ETF (159558) also experienced a rise of 2.06%, with a latest price of 2.23 yuan, and a cumulative increase of 2.20% over the past two weeks [1] Group 2 - In terms of liquidity, the E Fund Semiconductor Equipment ETF recorded a turnover rate of 6.35% and a trading volume of 294 million yuan, with an average daily trading volume of 320 million yuan over the past week, ranking it among the top two in comparable funds [1] - The ETF's scale grew significantly, with an increase of 1.825 billion yuan over the past two weeks, placing it second among comparable funds [1] - The latest share count for the E Fund Semiconductor Equipment ETF reached 2.091 billion shares, marking a one-year high and ranking it second among comparable funds [1] Group 3 - Over the past 20 days, the E Fund Semiconductor Equipment ETF has seen continuous net inflows, with a peak single-day net inflow of 621 million yuan, totaling 2.758 billion yuan in net inflows and an average daily net inflow of 138 million yuan [1] - The CSI Semiconductor Materials and Equipment Theme Index tracks 40 listed companies involved in semiconductor materials and equipment, reflecting the overall performance of these securities [1] - As of December 31, 2025, the top ten weighted stocks in the index accounted for 65.08% of the total, including companies like North Huachuang and Zhongwei Company [2]