证券代码：688037 证券简称：芯源微 公告编号：2024-060 沈阳芯源微电子设备股份有限公司 关于 2023 年限制性股票激励计划首次授予部分第一个 归属期第一批次归属结果暨股份上市的公告 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： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 535,050 股。 本次股票上市流通总数为 535,050 股。 3、2023 年 7 月 29 日至 2023 年 8 月 8 日，公司对本激励计划首次授予的激励 对象名单在公司内部进行了公示。在公示期内，公司监事会未收到与本激励计划 激励对象有关的任何异议。2023 年 8 月 9 日，公司于上海证券交易所网站 （www.sse.com.cn）披露了《沈阳芯源微电子设备股份有限公司监事会关于公司 2023 年限制性股票激励计划首次授予激励对象名单的审核意见及公示情况说明》 （公告编号：2023-052）。 4、2023 年 8 月 14 日，公司召开 2023 年第一次临时股东大会，审议并通过了 ...

证券代码：688037 证券简称：芯源微 公告编号：2024-058 沈阳芯源微电子设备股份有限公司 第二届监事会第二十三次会议决议公告 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 沈阳芯源微电子设备股份有限公司（以下简称"公司"）于 2024 年 8 月 29 日在公司会议室以现场和通讯相结合的方式召开了第二届监事会第二十三次会 议（以下简称"本次会议"）。本次会议的通知于 2024 年 8 月 19 日送达全体监 事。会议应出席监事 3 人，实际到会监事 3 人，会议由监事会主席梁倩倩女士主 持。会议的召集和召开程序符合有关法律、行政法规、部门规章、规范性文件和 公司章程的规定，会议决议合法、有效。 二、监事会会议审议情况 芯源微电子设备股份有限公司 2024 年半年度报告》《沈阳芯源微电子设备股份 有限公司 2024 年半年度报告摘要》。 同意：3 票；反对 0 票；弃权：0 票。 （二）审议通过了《关于审议<2024 年半年度募集资金存放与使用情况专项 报告>的议案》 经审核，监事会认为 ...

证券代码：688037 证券简称：芯源微 公告编号：2024-059 沈阳芯源微电子设备股份有限公司 2024 年半年度募集资金存放与使用情况专项报告 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。 一、募集资金基本情况 （一）实际募集资金的金额及到账情况 1、2019 年首次公开发行股票募集资金 经中国证券监督管理委员会《关于同意沈阳芯源微电子设备股份有限公司首 次公开发行股票注册的批复》（证监许可〔2019〕2335 号）同意注册，沈阳芯 源微电子设备股份有限公司（以下简称"本公司"、"公司"）向社会公开发行 人民币普通股（A 股）21,000,000 股，每股面值为人民币 1 元，每股发行价为人 民币 26.97 元，应募集资金总额为 566,370,000.00 元，根据有关规定扣除发行费 用 60,625,896.22 元后，实际募集资金净额为 505,744,103.78 元。以上募集资金已 于 2019 年 12 月 10 日到位，募集资金到位情况已经容诚会计师事务所（特殊普 通合伙）审验并出具会验字[201 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, achieving a total of 500 million RMB, representing a 25% growth compared to the same period last year[1]. - The company's operating revenue for the first half of 2024 was CNY 693.61 million, a slight decrease of 0.29% compared to CNY 695.60 million in the same period last year[16]. - Net profit attributable to shareholders was CNY 76.14 million, down 43.88% from CNY 135.68 million year-on-year[16]. - The net profit after deducting non-recurring gains and losses was CNY 35.78 million, a decrease of 65.52% compared to CNY 103.75 million in the previous year[16]. - The company experienced a 15.27% decline in revenue in Q1 due to factors such as order structure and delivery cycles, but saw a recovery with a 10.31% growth in Q2[17]. - The company reported a net profit of CNY 741,520,425.80 for the first half of 2024, compared to CNY 596,675,865.60 in the same period of 2023, marking an increase of 24.24%[147]. - The company’s net profit for the first half of 2024 was CNY 48,522,003.25, demonstrating strong operational performance[159]. User and Market Growth - User data indicates that the number of active users has reached 1 million, marking a 40% increase year-over-year[1]. - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 30% based on current market trends and demand[1]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2025[1]. - New orders signed in the first half of 2024 reached 1.219 billion RMB, a year-on-year growth of approximately 30%, with significant growth in advanced packaging and new products for the Chiplet field[18]. - The total backlog of orders exceeded 2.6 billion RMB by the end of June 2024, setting a historical high for the company[18]. Research and Development - The company has invested 200 million RMB in new technology research, focusing on advanced manufacturing processes to improve production efficiency by 20%[1]. - The R&D investment as a percentage of operating revenue increased by 5.80 percentage points to 16.87% compared to 11.07% in the previous year[17]. - R&D expenses increased by 52.00% year-on-year, amounting to an additional 40.03 million RMB, reflecting the company's commitment to innovation[18]. - The company has achieved international advanced levels in various product features, including low-damage cleaning nozzles and precise control systems for its cleaning equipment[30]. - The company has a total of 799 patent applications, with 396 granted, indicating a strong focus on innovation and intellectual property[42]. Financial Health and Cash Flow - The net cash flow from operating activities was CNY 139.75 million, a significant improvement from a negative cash flow of CNY -357.43 million in the same period last year[16]. - The company's cash and cash equivalents increased by 32.98% to ¥987,949,287.52, accounting for 21.39% of total assets, primarily due to increased sales collections[79]. - Accounts receivable decreased by 30.38% to ¥391,397,348.86, representing 8.47% of total assets, also attributed to improved sales collections[79]. - The company experienced a significant increase in cash flow from operating activities, totaling 139.75 million yuan, compared to a negative cash flow in the previous year[76]. - The company’s total cash inflow from operating activities and investment activities combined was RMB 2,732,969,172.88, a notable increase from RMB 1,268,504,408.60 in the first half of 2023[156]. Environmental and Sustainability Efforts - Future guidance includes maintaining a focus on innovation and sustainability, aiming for a 10% reduction in carbon emissions by 2025[1]. - The company allocated 32.40 million yuan for environmental protection during the reporting period[92]. - The company has implemented a distributed photovoltaic project with an area of approximately 8,500 square meters and a system capacity of 883.3 kWp, expected to reduce carbon emissions by about 800 tons annually[101]. - The company has established a comprehensive emergency response plan for environmental incidents, which was filed with the local environmental authority[96]. - The company has successfully passed the ISO 14001 environmental management system certification, demonstrating its commitment to environmental responsibility[99]. Strategic Initiatives and Acquisitions - A strategic acquisition of a smaller tech firm is in progress, which is anticipated to enhance the company's R&D capabilities and add 50 million RMB to the annual revenue[1]. - The company established a subsidiary in Guangzhou in September 2023, enhancing its strategic layout in the Guangdong-Hong Kong-Macao Greater Bay Area[51]. - The company has made significant progress in core technologies, achieving breakthroughs in chemical liquid high-precision mixing, dynamic scanning nozzle technology, and precise temperature control for chemical liquids[37]. - The company is actively promoting and validating its front-end chemical cleaning products with clients, aiming to enhance customer acquisition and production delivery[28]. - The company has diversified its product offerings across four major business segments, including front-end coating and developing equipment, front-end cleaning equipment, advanced packaging equipment, and small-sized devices[23]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which could impact production timelines and costs[1]. - The company faces risks from intensified market competition and potential loss of market position due to new entrants in the semiconductor equipment sector[69]. - The company's accounts receivable accounted for a significant portion of current assets, posing a risk if customer credit conditions deteriorate[67]. - The company has implemented a comprehensive inventory management system to mitigate risks associated with unsold inventory[68]. - Government subsidies accounted for 56.68% of the total profit, amounting to 50.72 million yuan, indicating reliance on external support[74]. Shareholder and Governance Matters - The company completed the registration of 299,700 restricted stocks under its 2021 incentive plan, with 183,520 shares vesting in the first batch and 116,180 shares in the second batch[90]. - The company has committed to not transferring or entrusting the management of its shares for 12 months and 6 months after leaving the company, with a 25% limit on share transfers during the first year after the lock-up period[103]. - The company’s major shareholder commits to not interfere with the company's management and to adhere to regulations regarding profit distribution policies post-listing[109]. - The company has not reported any changes in major shareholders or actual controllers during the reporting period[139]. - The total number of common shareholders as of the end of the reporting period is 14,822[134].

Investment Rating - Buy rating (first coverage) [1] Core Investment Thesis - The company is a leader in domestic photoresist coating and developing equipment, with continuous orders for immersion machines [3] - The company is expanding into chemical cleaning and advanced packaging equipment, significantly increasing its growth potential [3] - The company is expected to achieve revenues of 2.275/2.993/3.842 billion yuan in 2024-2026, with net profits of 322/446/608 million yuan, and EPS of 1.61/2.23/3.04 yuan, corresponding to P/E ratios of 38X/27X/20X [3] Photoresist Coating and Developing Equipment - The company is the only domestic manufacturer capable of providing mass-produced front-end photoresist coating and developing machines [3] - The global market for photoresist coating and developing equipment is expected to reach $4.5 billion by 2025, with the Chinese market accounting for $1.8 billion [3] - The company has successfully launched various models, including offline, I-line, KrF, and ArF immersion machines, and has secured orders from multiple major clients [3] - The company's photoresist coating and developing equipment revenue and sales CAGR from 2019-2023 were 76% and 48%, respectively [3] Chemical Cleaning and Advanced Packaging Equipment - The global semiconductor cleaning equipment market is expected to reach $6 billion by 2025, with the Chinese market accounting for $2.4 billion [3] - The company's physical cleaning equipment is leading in the domestic market, and it is actively expanding into chemical cleaning, with temporary bonding and debonding equipment entering small-scale sales [3] - The company's chemical cleaning equipment has received validation orders, significantly expanding its market potential [42] Market and Industry Analysis - The global semiconductor equipment market is expected to grow to $109.5 billion in 2024, with China leading in wafer fab equipment spending [19] - The domestic semiconductor equipment market is expected to maintain an annual investment scale of over $30 billion from 2024-2027 [19] - The company's immersion machines have achieved domestic substitution, covering all 28nm and above process nodes [28] Financial Performance and Projections - The company's revenue CAGR from 2019-2023 was 51.78%, with net profit CAGR of 53.64% [10] - The company's gross margin for front-end photoresist coating and developing equipment improved steadily in 2023, reaching 38.84% [10] - The company's R&D expense ratio in Q1 2024 was 18.60%, an increase of 6.36 percentage points year-on-year [10]

证券代码：688037 证券简称：芯源微 告编号：2024-057 沈阳芯源微电子设备股份有限公司关于 归还暂时用于补充流动资金的闲置募集资金的公告 本公司董事会及全体董事保证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。 沈阳芯源微电子设备股份有限公司（以下简称"公司"）于 2023 年 8 月 28 日召开第二届董事会第十六次会议、第二届监事会第十五次会议，审议通过了《关 于使用部分闲置募集资金暂时补充流动资金的议案》，同意公司使用不超过人民 币 5,400.00 万元闲置募集资金暂时补充流动资金，单次补充流动资金时间不得超 过 12 个月，以满足公司后续发展的实际需求。具体内容详见公司 2023 年 8 月 29 日披露于上海证券交易所网站（www.sse.com.cn）的《沈阳芯源微电子设备股 份有限公司关于使用部分闲置募集资金暂时补充流动资金的公告》（公告编号： 2023-062）。 根据上述决议，公司在规定期限内实际使用了人民币 5,400.00 万元闲置募集 资金暂时补充流动资金，并对资金进行了合理的安排与使用，没有影响募集资金 投资项 ...

芯源微 20240817_原文 2024 年 08 月 18 日 16:04 发言人 00:00 这就是我们这篇最新的个股的一篇深度报告，就是宣威的这篇报告的一个情况。本篇报告的一个标题主题 名字叫做这个图线龙头多轮驱动展现成长动力。这也是反映了当前纤维所处的这样的一个成长阶段，就是 以图像显影设备为核心的这样的一个业务。现在还包括像这个清洗，或者是这个先进封装这一块的话，也 给公司贡献了一定的这样的一个增长的一个驱动力，是我公司未来的这样的一个成长第二第三增长曲线。 发言人 00:33 本篇报告主要分为大概是五个部分。前面四个部分主要是介绍公司的一些主要的一些财务的一些情况，包 括他的一个业务的这样的一个三块业务的这样的一个情况。最后一部分是盈利预测的这样的一个最终的这 样的一个结果。首先我们还是看第一部分的一个第一部分的一个情况。第一部分的情况整体对公司的一个 背景以及它的一些核心的一些财务去做了一个整体的这样的一个介绍。 发言人 01:02 首先我们看公司的一个发展历程的一个情况。那公司，它早期是脱胎于中科院系统。前身，是 2002 年成 立的沈阳鑫源先进半导体技术有限公司，是由中科院沈阳自动化研究所所 ...

证券代码：688037 证券简称：芯源微 公告编号：2024-055 沈阳芯源微电子设备股份有限公司 关于作废部分已授予尚未归属的限制性股票的公告 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。 一、公司 2023 年限制性股票激励计划已履行的决策程序和信息披露情况 1、2023 年 7 月 28 日，公司召开第二届董事会第十四次会议，会议审议通 过了《关于公司<2023 年限制性股票激励计划（草案）>及其摘要的议案》《关 于公司<2023 年限制性股票激励计划实施考核管理办法>的议案》及《关于提请 股东大会授权董事会办理股权激励相关事宜的议案》等议案。公司独立董事就本 激励计划相关议案发表了独立意见。 同日，公司召开第二届监事会第十三次会议，审议通过了《关于公司<2023 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司<2023 年限制性 股票激励计划实施考核管理办法>的议案》以及《关于核实公司<2023 年限制性 股票激励计划首次授予激励对象名单>的议案》，公司监事会对本激励计划的相 关事项进行核实并出具了相 ...

证券代码：688037 证券简称：芯源微 公告编号：2024-053 沈阳芯源微电子设备股份有限公司 第二届监事会第二十二次会议决议公告 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。 表决结果：2 票同意，0 票反对，1 票弃权。 具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn）的《沈阳 芯源微电子设备股份有限公司关于调整 2023 年限制性股票激励计划授予价格及 授予数量的公告》（公告编号：2024-054）。 （二）审议通过了《关于作废部分已授予尚未归属的限制性股票的议案》 经审核，监事会认为：公司本次作废处理部分限制性股票符合有关法律、法 规及公司《2023 年限制性股票激励计划（草案）》的相关规定，不存在损害股 东利益的情况，监事会同意公司作废处理部分 2023 年限制性股票。 表决结果：2 票同意，0 票反对，1 票弃权。 一、监事会会议召开情况 沈阳芯源微电子设备股份有限公司（以下简称"公司"）于 2024 年 8 月 15 日在公司会议室以现场和通讯相结合的方式召开了第二届监事会第二 ...

沈阳芯源微电子设备股份有限公司 关于 2023 年限制性股票激励计划首次授予部分 第一个归属期符合归属条件的公告 证券代码：688037 证券简称：芯源微 公告编号：2024-056 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： 限制性股票拟归属数量：53.94 万股。 归属股票来源：沈阳芯源微电子设备股份有限公司（以下简称"公司" 或"本公司"）向激励对象定向发行公司 A 股普通股。 一、本次股权激励计划批准及实施情况 （一）本次股权激励计划方案及履行的程序 1、本次股权激励计划主要内容 （1）股权激励方式：第二类限制性股票。 （2）授予数量：授予 158 万股限制性股票，约占公司 2023 年限制性股票激 励计划草案（以下简称"本激励计划"）公告时公司股本总额 13,744.8931 万股 的 1.15%。其中首次授予 126 万股，约占本激励计划草案公告时公司股本总额的 0.92%；预留 32 万股，约占本激励计划草案公告时公司股本总额的 0.23%。 （3）授予价格：34.34 元/股（调整后）， ...