拓荆科技股份有限公司股东集中竞价减持股份结果公告 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。 证券代码：688072 证券简称：拓荆科技 公告编号：2025-069 上述减持主体存在一致行动人： ■ 重要内容提示： ● 股东持股的基本情况 本次减持计划实施前，公司股东共青城芯鑫和投资合伙企业（有限合伙）持有公司股份2,055,398股，占 公司总股本的0.73%；共青城芯鑫全投资合伙企业（有限合伙）持有公司股份2,271,749股，占公司总股 本的0.81%；共青城芯鑫龙投资合伙企业（有限合伙）持有公司股份2,254,284股，占公司总股本的 0.80%；共青城芯鑫成投资合伙企业（有限合伙）持有公司股份2,223,051股，占公司总股本的0.79%； 共青城芯鑫旺投资合伙企业（有限合伙）持有公司股份2,164,894股，占公司总股本的0.77%；共青城芯 鑫盛投资合伙企业（有限合伙）持有公司股份2,164,950股，占公司总股本的0.77%；共青城芯鑫阳投资 合伙企业（有限合伙）持有公司股份2,231,274 ...

证券代码：688072 证券简称：拓荆科技 公告编号：2025-069 拓荆科技股份有限公司 股东集中竞价减持股份结果公告 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： 股东持股的基本情况 本次减持计划实施前，公司股东共青城芯鑫和投资合伙企业（有限合伙）持 有公司股份 2,055,398 股，占公司总股本的 0.73%；共青城芯鑫全投资合伙企业 （有限合伙）持有公司股份 2,271,749 股，占公司总股本的 0.81%；共青城芯鑫 龙投资合伙企业（有限合伙）持有公司股份 2,254,284 股，占公司总股本的 0.80%； 共青城芯鑫成投资合伙企业（有限合伙）持有公司股份 2,223,051 股，占公司总 股本的 0.79%；共青城芯鑫旺投资合伙企业（有限合伙）持有公司股份 2,164,894 股，占公司总股本的 0.77%；共青城芯鑫盛投资合伙企业（有限合伙）持有公司 股份 2,164,950 股，占公司总股本的 0.77%；共青城芯鑫阳投资合伙企业（有限 合伙）持有公司股份 2,231, ...

Group 1: Company Announcements - 合富中国's stock price increased by 256.29% over 14 trading days, significantly outperforming the industry and Shanghai Composite Index, leading to a suspension for verification starting November 17 [1] - 工业富联's GB300 achieved mass production in Q3, with improved yield and testing efficiency, positively impacting Q4 gross margin [2] - 天孚通信's controlling shareholder plans to transfer 8.5 million shares, representing 1.09% of total equity, due to personal funding needs [4] - 璞泰来 plans to invest 7.6 billion yuan in a new integrated film coating project, aiming to meet growing demand in the battery and energy storage sectors [5] - 电投能源 intends to acquire 100% of Baiyin Hua Coal Power for 11.149 billion yuan, financing through share issuance and cash [6] - 中微公司 reported that a shareholder completed a reduction of 12.52 million shares, totaling 3.351 billion yuan [7] - 瑞德智能 plans to invest 10 million yuan in a leading company in the power plant robotics sector [8] - 盘古智能 aims to acquire control of a petrochemical company by purchasing 11.97% of its shares for 24.64 million yuan [9] - 泰达股份 signed a memorandum for a waste-to-energy project in Egypt [10] - 杭氧股份 is set to establish a venture capital fund focusing on low-temperature technology and nuclear fusion [11] Group 2: Financial Performance and Regulatory Approvals - 复星医药's subsidiary received FDA approval for a biosimilar drug, with applications pending in China and Europe [21] - 长春高新 received approval for a clinical trial of a new growth hormone drug, with no similar products currently available in China [20] - 海辰药业 obtained a drug registration certificate for a new injection product [22] - 上海机场 reported a 12.46% year-on-year increase in passenger throughput for October [23] Group 3: Shareholder Actions - 深桑达 A plans to publicly transfer 80% of a subsidiary's shares with a minimum price of 1.857 billion yuan [12] - 中电港's major shareholder reduced its stake by 1% between October 31 and November 13 [15] - 康龙化成's major shareholders plan to collectively reduce their holdings by up to 1.5% [16] - 科兴制药's controlling shareholder intends to transfer 5% of its shares [17]

格隆汇11月14日丨拓荆科技(688072.SH)公布，公司于2025年11月14日收到11个员工持股平台的《关于 减持结果的告知函》，2025年11月3日至2025年11月14日期间，公司11个员工持股平台通过集中竞价交 易方式合计减持股份281.16万股，占公司总股本的比例约为1.00%。截至2025年11月14日，本次减持计 划实施完毕，本次减持符合相关法律法规的规定，不存在违规减持的情况。 ...

Core Viewpoint - The company,拓荆科技, announced that 11 employee shareholding platforms reduced their holdings by a total of 2.8116 million shares, representing approximately 1% of the company's total share capital, between November 3, 2025, and November 14, 2025, and the reduction was compliant with relevant laws and regulations [1] Summary by Relevant Sections - **Share Reduction Details** - A total of 2.8116 million shares were reduced by 11 employee shareholding platforms [1] - This reduction accounts for about 1% of the company's total share capital [1] - The reduction was executed through centralized bidding transactions [1] - **Compliance and Regulations** - The share reduction plan was completed as of November 14, 2025 [1] - The company confirmed that the reduction was in accordance with relevant laws and regulations, with no violations reported [1]

智通财经APP讯，拓荆科技(688072.SH)发布公告，公司于2025年11月14日收到11个员工持股平台的《关 于减持结果的告知函》，2025年11月3日至2025年11月14日期间，公司11个员工持股平台通过集中竞价 交易方式合计减持股份281.16万股，占公司总股本的比例约为1%。截至2025年11月14日，本次减持计 划实施完毕，本次减持符合相关法律法规的规定，不存在违规减持的情况。 ...

Group 1 - The core point of the article is that拓荆科技 announced a reduction in shares by employee shareholding platforms, totaling approximately 2.81 million shares, which represents about 1% of the company's total equity [1][1][1] - The share reduction occurred between November 3, 2025, and November 14, 2025, through centralized bidding transactions [1][1][1] - As of the announcement, the market capitalization of拓荆科技 is 92.8 billion yuan [1][1][1]

Core Viewpoint - The electronic industry is experiencing significant structural differentiation, with strong performance in semiconductors, computing power, and leading consumer electronics, while other sectors are seeing a slowdown in overall growth. However, the industry trend remains positive, with a recovery in capacity utilization [1]. Semiconductor Industry - The overall profitability of the semiconductor industry has significantly improved, with the chip design sector maintaining a high level of prosperity. The storage segment has become a highlight, driven by AI computing demand for high-end products like HBM and DDR5. The SoC segment faces short-term pressures but has long-term demand prospects due to AI terminal applications. The analog chip sector is seeing new opportunities in low-power technology and domestic substitution in automotive and industrial fields. Power semiconductors are under short-term pressure but are expected to benefit from new demand in server power supplies. Wafer manufacturing is recovering from the bottom, driven by AI, and the semiconductor equipment sector is experiencing strong growth due to the dual drivers of global semiconductor demand recovery and deepening domestic substitution [1]. PCB and Passive Components - AI is driving an upsurge in PCB demand, with leading companies actively expanding production. The demand for high-layer and HDI products is exceeding supply due to downstream AI server needs. By 2026, global leading CSP capital expenditures are expected to increase by 40%, supporting high prosperity in the PCB industry. Passive component companies are also actively positioning themselves around AI, becoming a new growth point for the sector [2]. Optoelectronics Sector - The optoelectronics sector is recovering due to a resurgence in smartphone demand, with optical innovation presenting ongoing growth opportunities for related companies. The LED sector is experiencing a recovery, with structural opportunities emerging in high-end niche markets. In the LCD segment, global total shipments and area are expected to see slight year-on-year growth by 2025. However, mainstream application demand is generally declining, leading to increased inventory levels, and the industry is seeking a stable transition through reduced shipments. The smartphone OLED market is recovering, but overall supply still exceeds demand [3]. Consumer Electronics - The consumer electronics components sector is showing steady growth driven by the recovery of the global smartphone market and the accelerated implementation of AI technology. Leading companies in the industry are achieving stable growth due to their strong technological capabilities, quality customer resources, and excellent supply chain management [4]. Investment Recommendations - Companies to focus on include Cambrian, Haiguang Information, SMIC, Northern Huachuang, Tuojing Technology, Changdian Technology, Shenghong Technology, Hude Electronics, Shengyi Technology, Shengyi Electronics, Hengxuan Technology, Rockchip, Lexin Technology, Crystal Optoelectronics, Yian Technology, Luxshare Precision, GoerTek, Aisen Technology, Demingli, Jiangbolong, Purun Technology, and Zhaoyi Innovation [5].

Core Insights - The thin film deposition equipment is a critical device in micro-nano manufacturing and precision processing, widely used in strategic emerging industries such as semiconductors, photovoltaics, and display panels [1][2] - China has become the largest market for semiconductor equipment globally for five consecutive years, with sales expected to reach $49.55 billion in 2024, accounting for 42% of the global total [1][6] - The global thin film deposition equipment market is projected to reach $23.186 billion in 2024, representing 22% of the wafer manufacturing equipment market [1][6] - The Chinese market for thin film deposition equipment is expected to grow to approximately 77.31 billion yuan in 2024, a year-on-year increase of 38.75% [1][7] - The industry is expected to accelerate the research and application of advanced processes such as ALD, promote collaboration across the entire supply chain, and expand applications into photovoltaics and new displays [1][7] Industry Overview - Thin film deposition equipment is essential for depositing functional films on substrate materials through physical or chemical methods, impacting surface properties and widely applied in various fields [2][5] - The main types of thin film deposition technologies include Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), and Atomic Layer Deposition (ALD), each with distinct advantages [3][4] Market Dynamics - The global semiconductor equipment market is expected to reach $117.1 billion in 2024, with a 10% year-on-year growth, driven by the demand for advanced processes and packaging [5][6] - The Chinese semiconductor equipment market is projected to grow by 35% year-on-year, reaching $49.55 billion in 2024, solidifying its position as the largest market globally [5][6] Competitive Landscape - The competitive structure of the thin film deposition equipment industry in China is tiered, with international giants dominating high-end markets, while domestic leaders focus on replacing imports and niche markets [8][9] - Key domestic players include North Huachuang, Tuojing Technology, and Zhongwei Company, which are making significant strides in various segments of the market [8][9] Company Performance - Major companies in the thin film deposition equipment sector are experiencing strong revenue growth, with Tuojing Technology leading with over 54% growth, while North Huachuang maintains a stable profit margin of around 42% [9][10] - The overall domestic market still has a low localization rate of under 25%, but companies are progressively building a more robust domestic ecosystem [8][9] Future Trends - The industry is expected to focus on technological advancements, ecological improvements, and expanding application scenarios, particularly in semiconductor manufacturing and emerging high-end manufacturing fields [10][11][12] - The shift towards a comprehensive ecosystem involving equipment, materials, and components is anticipated, supported by government policies and market demands [11][12]

Core Insights - The overall performance of companies listed on the Sci-Tech Innovation Board (STAR Market) has shown a strong rebound in the first three quarters, with a significant year-on-year net profit growth of 75% in Q3 [2] - The focus on "hard technology" has led to increased R&D investments, particularly in key industries such as integrated circuits, artificial intelligence, and biomedicine, contributing to the foundation for high-level technological self-reliance [2] Performance Overview - In the first three quarters, STAR Market companies achieved a total revenue of 1.11 trillion yuan, a year-on-year increase of 7.9%, and a net profit of 49.268 billion yuan, up 8.9% [2] - Excluding four leading photovoltaic companies, overall revenue and net profit growth rates were 14.6% and 30.6%, respectively, indicating an amplified growth momentum [2] - Over 70% of companies reported revenue growth, and nearly 60% saw net profit increases, with 158 companies experiencing net profit growth exceeding 50% [2] Industry Highlights - The STAR Market's top enterprises and growth-oriented companies complement each other well, with the Sci-Tech 50 Index companies accounting for 46% of revenue and 50% of net profit [3] - The Sci-Tech 100 Index companies demonstrated high growth elasticity, with revenue and net profit increasing by 12% and 134%, respectively, becoming the "vanguard" of performance growth [3] R&D Investment - Total R&D investment by STAR Market companies reached 119.745 billion yuan, 2.4 times the net profit, with a median R&D intensity of 12.4%, leading A-share sectors [4] - The biomedicine sector saw revenue growth of 11% and net profit growth of 48%, driven by the rapid commercialization of innovative drugs [4] - Nine first-class new drugs were approved for market entry during the reporting period, with significant international business development transactions totaling over 13 billion USD [4] Growth of Emerging Companies - 35 unprofitable companies in the Sci-Tech Growth Layer reported a revenue increase of 39% and a significant reduction in net losses by 65% [5] - These companies are focusing on R&D with a median R&D intensity of 44.3%, indicating a promising development trend [5] Competitive Advantages in Key Industries - The integrated circuit industry, crucial for technological self-reliance, saw 121 related companies achieve a revenue growth of 25% and a net profit growth of 67% [6] - Major players like SMIC and Huahong Semiconductor maintained high capacity utilization rates, with record sales revenue [6] - The AI industry has emerged as a new growth pillar, with significant revenue increases across the supply chain, particularly in computing and data transmission sectors [7] Renewable Energy Sector - In the photovoltaic sector, 17 related companies significantly reduced their net losses by 28% [7] - The lithium battery industry experienced a revenue growth of 7% and a net profit of 1.02 billion yuan, marking a return to profitability [7]