Piotech (688072)

Search documents
拓荆科技股价涨5.12%,大成基金旗下1只基金重仓,持有1.91万股浮盈赚取24.41万元
Xin Lang Cai Jing· 2025-09-29 02:03
截至发稿,于威业累计任职时间1年271天,现任基金资产总规模7.58亿元,任职期间最佳基金回报 42.8%, 任职期间最差基金回报6.97%。 风险提示:市场有风险,投资需谨慎。本文为AI大模型自动发布,任何在本文出现的信息(包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等)均只作为参考,不构成个人投资建 议。 数据显示,大成基金旗下1只基金重仓拓荆科技。大成专精特新混合A(014651)二季度持有股数1.91万 股,与上期相比持股数量不变,占基金净值比例为7.31%,位居第三大重仓股。根据测算,今日浮盈赚 取约24.41万元。 大成专精特新混合A(014651)成立日期2022年1月27日,最新规模3411.69万。今年以来收益22.97%, 同类排名4005/8244;近一年收益29.6%,同类排名4326/8080;成立以来亏损9.05%。 大成专精特新混合A(014651)基金经理为于威业。 9月29日,拓荆科技涨5.12%,截至发稿,报263.00元/股,成交6.26亿元,换手率0.87%,总市值735.69 亿元。 资料显示,拓荆科技股份有限公司位于辽宁省沈阳市浑南区水家900号 ...
自主可控必选项:半导体制造与设备的国产化关键时刻
2025-09-28 14:57
Summary of Semiconductor Manufacturing and Equipment Industry Conference Call Industry Overview - The semiconductor manufacturing and equipment sector has shown remarkable performance in 2025, with the wafer foundry segment doubling in growth and the semiconductor equipment sector increasing by 57% since the beginning of the year [2][4] - The storage segment's expansion has significantly driven growth in the semiconductor equipment industry, with a 21% increase observed since September [1][2] Key Points and Arguments - **Storage Expansion Impact**: The expansion in the storage sector has led to increased confidence among manufacturers, with companies like Zhongwei and Huahai benefiting significantly, showing stock price increases of 30% and 50% respectively [1][3] - **Domestic Market Share Growth**: Domestic storage manufacturers have substantial room for market share growth, particularly in the NAND market, which is expected to rise from 10% to 30%, resulting in significant equipment spending increases [1][6] - **US Sanctions and Domestic Equipment Replacement**: US sanctions are accelerating the replacement of imported equipment with domestic alternatives, with potential increases in domestic equipment spending by 25 billion RMB if the domesticization rate rises from 30% to 80% [1][7] - **Advanced Logic Demand**: There is a strong demand for advanced logic, particularly for 7nm and below processes, with TSMC planning to add over 20 new wafer fabs to meet this demand [1][8] - **Supply and Demand Dynamics**: The domestic semiconductor market is experiencing high demand but tight supply, with projections indicating a rise in demand for 7nm wafers from 70,000-80,000 to over 100,000 in the next 3-5 years [9] Additional Important Insights - **Investment Value in Semiconductor Equipment**: The capital expenditure (Capex) for 7nm processes is approximately $2 billion per 10,000 wafers, with potential increases for more advanced processes, indicating substantial investment opportunities [10] - **Mature Logic Sector Development**: Companies like Huahong are expanding their production capacity, which is expected to drive continuous orders and growth in the equipment sector [11] - **Wafer Foundry Performance**: Notable stock performance in companies like SMIC and Huahong, with significant increases in both A-share and Hong Kong stock markets, reflecting strong industry sentiment and demand recovery [12][13] - **High Utilization Rates**: SMIC and Huahong reported high utilization rates of 92.3% and 108% respectively, indicating robust domestic demand and a recovery in wafer foundry services [14] - **AI and Advanced Process Influence**: AI and advanced processes are major growth drivers, with significant revenue potential from 7nm and 5nm processes, suggesting a strong market outlook for the semiconductor industry [15][16]
薄膜沉积设备国产化破局:新工艺驱动下的战略突围与投资展望(附85页PPT)
材料汇· 2025-09-28 14:29
Core Viewpoint - The article emphasizes the critical importance of domestic semiconductor equipment manufacturing in China, particularly in the thin film deposition sector, as a response to U.S. export restrictions and the need for technological independence [2][40]. Group 1: Industry Overview - The thin film deposition equipment market in China reached approximately 47.9 billion yuan in 2023, with a domestic production rate of less than 25%, indicating significant potential for domestic substitution [6][41]. - The semiconductor manufacturing process requires a growing number of thin film layers, with the number of deposition steps increasing from about 40 for 90nm processes to over 100 for 3nm processes [3][63]. - The global semiconductor capital expenditure (Capex) is expected to enter a new growth phase, driven by advanced products and increasing production capacity [48]. Group 2: Technological Developments - The transition from 2D to 3D chip structures has fundamentally changed the technology focus and market structure for thin film deposition equipment [9]. - ALD (Atomic Layer Deposition) technology is becoming essential for advanced nodes and 3D structures due to its atomic-level thickness control and 100% step coverage [19][20]. - PECVD (Plasma-Enhanced Chemical Vapor Deposition) holds the largest market share (33%) among thin film deposition technologies, particularly suited for 28nm and below nodes [13][41]. Group 3: Domestic Manufacturers - Key domestic manufacturers in the thin film deposition equipment sector include North Huachuang, Tuo Jing Technology, and Micro Company, each focusing on different aspects of the market [7][41]. - Domestic manufacturers are adopting a multi-dimensional strategy to break through the monopolistic barriers set by international giants, focusing on specialized equipment like HDPCVD and SACVD [25][70]. Group 4: Investment Insights - Investment focus should be on companies that can achieve a closed loop in specific advanced process windows rather than merely replacing single machines [28]. - Companies with dual capabilities in PEALD and Thermal ALD, particularly those that have validated their technology in specific applications, are expected to hold the highest value [29]. - The importance of core components and subsystems, such as plasma sources and vacuum systems, is highlighted as critical for the success of semiconductor equipment [34][36]. Group 5: Conclusion - The U.S. technology blockade has catalyzed a more resilient and innovative semiconductor equipment industry in China, moving from mere substitution to defining next-generation processes [38]. - The journey of domestic equipment manufacturers reflects a broader trend of understanding and meeting the specific needs of Chinese manufacturing, paving the way for long-term value discovery in the semiconductor sector [38].
10月十大金股推荐
Ping An Securities· 2025-09-28 02:42
Group 1: Market Outlook - The mid-term upward momentum in the market is expected to continue, with the upcoming 20th Central Committee's Fourth Plenary Session discussing the "14th Five-Year Plan" serving as an important policy window[3] - Investment recommendations focus on sectors benefiting from policy dynamics and industrial prosperity, particularly technology growth (AI, semiconductors, consumer electronics, innovative pharmaceuticals), advanced manufacturing (new energy), and cyclical sectors (non-ferrous metals, building materials)[3] Group 2: Recommended Stocks - Gannee Pharmaceutical (603087.SH): Steady growth in core business with innovative products expanding overseas, total market value of ¥476 billion, PE of 51.7, PB of 4.4[4] - Kailai Pharmaceutical (002821.SZ): Industry recovery with new business driving growth, total market value of ¥397 billion, PE of 37.7, PB of 2.4[13] - Zhuhai Guanyu (688772.SH): Major supplier of consumer batteries, benefiting from partnerships with brands like Apple and Huawei, total market value of ¥274 billion, PE of 61.4, PB of 4.0[20] - Tuojing Technology (688072.SH): Leading in film deposition equipment with significant growth potential, total market value of ¥697 billion, PE of 106.6, PB of 12.9[24] - Haiguang Information (688041.SH): Leading domestic computing power enterprise with substantial growth in H1 2025, total market value of ¥6,227 billion, PE of 273.2, PB of 29.5[32] - Shenxinfeng (300454.SZ): Cloud computing driving revenue growth, achieved profitability in Q2, total market value of ¥521 billion, PE of 92.8, PB of 5.8[37] - Penghui Energy (300438.SZ): Leading position in small-scale energy storage cells, total market value of ¥184 billion, PE of -48.1, PB of 3.7[44] - Mingyang Smart Energy (601615.SH): High demand in offshore wind power, total market value of ¥321 billion, PE of 108.6, PB of 1.2[52] - Xingye Silver Tin (000426.SZ): Strong resource positioning with expected silver price recovery, total market value of ¥482 billion, PE of 33.4, PB of 5.7[55] - Huaxin Cement (600801.SH): Rapid overseas business development with expected domestic price recovery, total market value of ¥332 billion, PE of 13.0, PB of 1.2[62]
拓荆科技股份有限公司 关于公司股东股份解除质押的公告
Zhong Guo Zheng Quan Bao - Zhong Zheng Wang· 2025-09-27 00:47
登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码:688072 证券简称:拓荆科技 公告编号:2025-058 拓荆科技股份有限公司 关于公司股东股份解除质押的公告 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。 拓荆科技股份有限公司(以下简称"公司")于2025年9月26日获悉,公司股东共青城芯鑫和投资合伙企 业(有限合伙)(以下简称"芯鑫和")、共青城芯鑫全投资合伙企业(有限合伙)(以下简称"芯鑫 全")、共青城芯鑫龙投资合伙企业(有限合伙)(以下简称"芯鑫龙")、共青城芯鑫成投资合伙企业 (有限合伙)(以下简称"芯鑫成")、共青城芯鑫盛投资合伙企业(有限合伙)(以下简称"芯鑫 盛")、共青城芯鑫阳投资合伙企业(有限合伙)(以下简称"芯鑫阳")所持有的公司股份在中国证券 登记结算有限责任公司上海分公司办理了解除质押登记手续,具体情况如下: ■ 注1:股东芯鑫和、芯鑫全、芯鑫龙、芯鑫成、芯鑫盛和芯鑫阳为公司员工持股平台,前述质押系因员 工持股平台筹措出资款借款形成,详情请参见《拓荆科技首次公开发行股票 ...
拓荆科技(688072) - 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公告
2025-09-26 10:33
证券代码:688072 证券简称:拓荆科技 公告编号:2025-057 拓荆科技股份有限公司 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 1,434,812股。 本次股票上市流通总数为1,434,812股。 本次股票上市流通日期为2025 年 10 月 9 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司有关业务规则的规定,拓荆科技股份有限公司(以下简称"公 司")已完成 2023 年限制性股票激励计划(以下简称"本激励计划")首次授予部 分第一个归属期第一批次归属的股份登记工作。现将有关情况公告如下: 一、本次限制性股票归属的决策程序和信息披露情况 1、2023 年 10 月 27 日,公司召开第一届董事会第二十八次会议,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 ...
拓荆科技(688072) - 关于公司股东股份解除质押的公告
2025-09-26 10:31
证券代码:688072 证券简称:拓荆科技 公告编号:2025-058 | 股东名称 | 本次解除质 押股份数量 (股) | 占其所持股 份比例 | 占公司总股 本比例 | | 本次解除质押时 间 | | 股东持股数量 (股) | 股东持股占 公司总股本 的比例 | 本次解除质 押后剩余被 质押股份数 | 本次解除质 押后剩余被 质押股份占 其所持股份 | 本次解除质 押后剩余被 质押股份占 公司总股本 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | 量(股) | 比例 | 比例 | | 芯鑫和 | 2,025,843 | 98.56% | 0.72% | 2025 年 | 9 月 | 25 日 | 2,055,398 | 0.73% | 0 | 0.00% | 0.00% | | 芯鑫全 | 1,632,339 | 71.85% | 0.58% | 2025 年 | 9 月 | 25 日 | 2,271,749 | 0.81% | 0 | 0.00% | 0.00% ...
拓荆科技:公司员工持股平台解除质押877.47万股
2 1 Shi Ji Jing Ji Bao Dao· 2025-09-26 10:28
南财智讯9月26日电,拓荆科技公告,公司股东芯鑫和、芯鑫全、芯鑫龙、芯鑫成、芯鑫盛、芯鑫阳于 2025年9月25日在中国证券登记结算有限责任公司上海分公司办理了解除质押登记手续,此次解除质押 的股份数量共计877.47万股,占公司总股本的3.12%。解除质押后,这些股东均无剩余被质押股份。 ...
半导体设备半年报:拓荆科技先进制程机台进入规模化量产阶段,第二季度毛利率大幅回暖
Xin Lang Cai Jing· 2025-09-26 07:31
Industry Overview - Since 2025, the AI chip industry chain has seen a continuous improvement in market conditions, with high investment enthusiasm in the semiconductor equipment sector. Global semiconductor equipment company revenues are expected to grow by 12% year-on-year in 2025, with a 24% increase in Q2 2025 compared to the same period last year [1] - The demand for high-performance SoC testing machines and storage testing machines has significantly increased due to the high requirements for computing performance and power consumption in AI chips. Additionally, HBM technology has become standard for AI computing, driving demand for advanced packaging equipment [1] Market Performance - The overseas semiconductor equipment market has achieved a year-on-year growth of 40%, driven by AI-related investments, with notable growth in testing machines and packaging equipment [1] - In contrast, the Chinese market experienced a slight decline of 1% year-on-year in the first half of 2025, although the domestic semiconductor equipment localization rate increased by 6 percentage points to 21% [1] Company Performance - Among semiconductor equipment manufacturers, there is a notable performance divergence. Nine front-end equipment companies reported revenue growth, but some, such as Jingce Electronics and Tuo Jing Technology, saw significant declines in net profit despite revenue increases [2] - The companies with the highest net profit growth include Weidao Nano, Changchuan Technology, Huafeng Measurement and Control, and Zhongke Fei Measurement, with year-on-year net profit growth rates of 348.95%, 98.73%, 74.04%, and 73.01% respectively [3] - Tuo Jing Technology, despite having the highest revenue growth rate of 54.25%, experienced a significant net profit decline of 26.96% due to high costs associated with new product validation in Q1 2025 [3] Financial Metrics - Tuo Jing Technology's gross margin fluctuated significantly, dropping to 19.89% in Q1 2025 before recovering to 38.83% in Q2 2025 [4] - The company has shipped over 3,000 reaction chambers, including more than 340 new types, and has successfully passed customer certifications for advanced process equipment, indicating strong business growth [5] - As of the end of the reporting period, Tuo Jing Technology's contract liabilities reached 453,577.43 million yuan, a 52.07% increase compared to the end of 2024, reflecting a solid order backlog for future revenue growth [5]
半导体设备行业观点汇报
2025-09-26 02:29
Summary of Semiconductor Equipment Industry Conference Call Industry Overview - The semiconductor equipment industry is experiencing accelerated self-sufficiency in China due to geopolitical tensions and licensing restrictions, making it a key area for investment focus [1][2][3] - The global semiconductor equipment market exceeds $100 billion, with key segments including photolithography, thin film deposition, etching, metrology, cleaning, and stripping [4] Key Points and Arguments - **Photolithography**: This is the most critical subfield within semiconductor equipment. China is currently in a breakthrough phase from 0 to 1, but high-end DUV and EUV photolithography machines are blocked from import due to U.S. sanctions, creating urgent domestic replacement demand [1][5][10] - **Thin Film Deposition**: Domestic companies like Tuojing Technology, Huachuang, and Zhongwei have achieved high localization rates in CVD, PVD, and ALD technologies, indicating significant progress in self-sufficiency [1][6] - **Etching Technology**: Companies such as Zhongwei and Huachuang have made notable advancements in CCP and ICP etching technologies, achieving a high level of self-sufficiency [1][7] - **Metrology Equipment**: The domestic localization rate is low (below 15%), with companies like Zhongke Feimeasure and Jingce Electronics making some breakthroughs, but large-scale production will take time [1][8] - **Back-end Testing and Sorting Equipment**: Companies like Changchuan Technology and Jinhai Tong have made significant progress and show strong profitability in this area [1][9] Market Catalysts - The establishment of Changjiang Storage's third phase marks a new stage in capacity expansion, positively impacting future capital expenditures [3] - The revocation of certain licenses for wafer fabs in China by the U.S. has increased the difficulty for foreign companies to produce chips in China, further driving the need for domestic semiconductor equipment and materials [3] Demand Dynamics - **Advanced Logic and Storage Expansion**: Domestic wafer foundries are investing steadily in mature processes, while demand for advanced processes, particularly AI computing chips, is high but supply is insufficient [11][12] - **Storage Sector**: The expansion in NAND and DRAM is robust, with Changxin Storage's third phase expected to generate hundreds of billions of RMB in domestic equipment demand. The urgent need for DRAM, especially HBM, will significantly boost related packaging production [13] Investment Opportunities - Focus on platform companies (e.g., Beifang Huachuang, Zhongwei) and specialized companies (e.g., Zhongke Feimeasure, Jingce Electronics) as well as photolithography-related enterprises [2][15] - The slow progress in the localization of semiconductor equipment components presents potential investment opportunities, especially as AI technology drives industry growth [16] Characteristics of Semiconductor Equipment Components Market - The market for semiconductor equipment components is characterized by small batch sizes, diverse products, customization, and variability. Companies with expansion potential and platform logic are expected to grow into quality enterprises [17] Specific Types of Components to Watch - Recommended focus on components such as pipelines, valves, ceramic parts, machined parts, and spray heads, as well as photolithography-related components, which may present investment opportunities [18]