智通财经6月23日电，芯片股震荡拉升，存储芯片、光刻机等方向领涨，大为股份、波长光电双双涨 停，中晶科技、晶方科技、芯导科技涨超5%，台基股份、中科飞测、拓荆科技等跟涨。 芯片股震荡走强 大为股份、波长光电双双涨停 ...

Group 1 - The core viewpoint of the news is that Shenzhen Hengyun Chang Vacuum Technology Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, marking its entry into the A-share market [1] - Hengyun Chang is a leading domestic supplier of core components for semiconductor equipment, focusing on the research, production, sales, and technical services of plasma RF power systems, plasma excitation devices, and plasma DC power supplies [1] - The company has a significant market valuation of 3.292 billion yuan following its last market financing in December 2023 [1] Group 2 - In 2024, Hengyun Chang is projected to achieve an operating revenue of approximately 541 million yuan, with a corresponding net profit of about 143 million yuan [1] - The company has a high customer concentration, with the top five customers accounting for 73.54%, 80.39%, and 90.62% of total operating revenue during the reporting periods [2] - Sales to the largest customer, Tuojing Technology, represented 45.23%, 58.16%, and 63.13% of total revenue in the respective years, indicating a growing dependency on this client [2]

一、本次实施差异化权益分派的原因 公司于 2025 年 4 月 23 日召开第二届董事会第十五次会议，并于 2025 年 5 月 20 日召开 2024 年年度股东大会，审议通过了《关于公司 2024 年度利润分配 方案的议案》。公司拟以实施权益分派股权登记日公司总股本扣除回购专用证券 账户中的股份数为基数，向全体股东每 10 股派发现金红利 2.70 元（含税），不 进行资本公积转增股本，不送红股。 公司于 2024 年 3 月 1 日召开第二届董事会第三次会议，并于 2024 年 3 月 18 日召开 2024 年第二次临时股东大会，审议通过了《关于以集中竞价交易方式 回购公司股份方案的议案》。截至 2024 年 6 月 14 日，上述回购计划实施完毕， 公司通过上海证券交易所交易系统以集中竞价交易方式已累计回购公司股份 1,267,894 股，上述回购股份存放于"拓荆科技股份有限公司回购专用证券账户" 中。 招商证券股份有限公司 关于拓荆科技股份有限公司 差异化分红事项的核查意见 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）作为拓荆 科技股份有限公司（以下简称"拓荆科技"或"公司"）首次公 ...

证券代码：688072 证券简称：拓荆科技 公告编号：2025-033 拓荆科技股份有限公司 2024年年度权益分派实施公告 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： 1. 发放年度：2024年年度 每股现金红利0.27元（含税） 相关日期 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/18 | 2025/6/19 | 2025/6/19 | 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的公司全体股东（存 放于"拓荆科技股份有限公司回购专用证券账户"中的回购股份除外）。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份》的有关 规定，上市公司回购专用证券账户中的股份，不享有股东会表决权、利润分配、 是否涉及差异化分红送转：是 每股分配比例 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经拓荆科技股份有限公司（以下 ...

Core Viewpoint - The digital economy theme index has experienced a decline, with significant drops in key component stocks, indicating a challenging market environment for the sector [1][2]. Group 1: Market Performance - As of June 10, 2025, the CSI Digital Economy Theme Index (931582) fell by 1.99%, with major declines in stocks such as Deepin Technology (300454) down 7.14% and Yonyou Network (600588) down 6.22% [1]. - The Digital Economy ETF (560800) also decreased by 1.98%, with a latest price of 0.74 yuan and a trading volume of 21.44 million yuan [1]. - The Digital Economy ETF has reached a recent high in scale at 788 million yuan and a recent high in shares at 1.042 billion, ranking in the top half of comparable funds [2]. Group 2: Investment Trends - Shenwan Hongyuan suggests that a structural bull market in A-shares may require significant technological catalysts, particularly in AI, embodied intelligence, and defense industries [1]. - The report highlights key products to watch in the second half of the year, including DeepSeekR2, GPT5, and the mass production version of Tesla's Optimus [1]. - There is a noted increase in leveraged funds, with the Digital Economy ETF seeing net inflows of 13.6 million yuan and a total of 12.12 million yuan over the last five trading days [2]. Group 3: Key Holdings - As of May 30, 2025, the top ten weighted stocks in the CSI Digital Economy Theme Index accounted for 50.98% of the index, with notable companies including Dongfang Wealth (300059) and SMIC (688981) [3][5]. - The performance of these key stocks varied, with Dongfang Wealth down 2.47% and Hikvision (002415) down 1.55%, while Haiguang Information (688041) saw an increase of 2.86% [5].

Core Insights - The semiconductor industry is experiencing a mild recovery, with significant growth in AI-driven markets and demand for data centers, as evidenced by Nvidia's impressive Q1 performance, which saw a 73% year-over-year increase in data center revenue [3][4] - The semiconductor industry ETF (159582) has shown notable performance, with a 33.93% increase in net value over the past year, ranking in the top 8.67% among equity index funds [4][5] - Recent U.S. export restrictions on semiconductor technology to China have led to increased costs for companies like Nvidia, impacting their financials [3][4] ETF Performance - The semiconductor industry ETF has seen a significant increase in scale, growing by 30.85 million yuan over the past three months, placing it in the top half of comparable funds [4] - The ETF's share count has also increased by 30 million shares in the last six months, indicating strong investor interest [4] - The ETF's year-to-date performance shows a relative drawdown of 0.48% compared to its benchmark, with a Sharpe ratio of 1.11, indicating a favorable risk-adjusted return [5] Top Holdings - The top ten weighted stocks in the semiconductor index account for 75.47% of the index, with North Huachuang (002371) holding the largest weight at 15.51% [5][7] - Other significant holdings include Zhongwei Company (688012) at 12.80% and SMIC (688981) at 11.67%, reflecting a concentration in key players within the semiconductor sector [5][7] - The performance of these stocks varies, with some experiencing slight declines while others, like Tuojing Technology (688072), have seen increases of 3.02% [7]

Core Viewpoint - The A-share market shows volatility with the Sci-Tech Chip Index experiencing a slight increase, indicating ongoing interest and investment in the semiconductor sector [1] Group 1: Market Performance - The Sci-Tech Chip Index rose by 0.54% as of the report, reflecting positive market sentiment [1] - The Sci-Tech Chip ETF (588200) also increased by 0.54%, with a trading volume exceeding 310 million yuan [1] Group 2: Fund Flows - The Sci-Tech Chip ETF (588200) saw a net inflow of over 760 million yuan yesterday, indicating strong investor interest [2] - The latest circulation size of the Sci-Tech Chip ETF is 25.664 billion yuan, with a total of 17.215 billion shares in circulation [2] Group 3: Industry Insights - Continuous investment in AI infrastructure by major companies is driving growth in the computing power industry chain [2] - The demand for semiconductors is expected to rise as companies like Tesla and xAI continue to purchase chips from major suppliers such as Nvidia and AMD [2] - The introduction of new products in the AI sector and ongoing chip development in consumer electronics are anticipated to benefit the industry [2] Group 4: Technological Developments - Broadcom's new Tomahawk6 switch chip has started delivery, with strong customer demand noted [3] - The Tomahawk6 chip significantly enhances performance, supporting the deployment of million-XPU clusters, which aligns with long-term trends in network speed upgrades and computing cluster expansion [3] - The launch of the co-packaged optical technology (CPO) version of Tomahawk6 is expected to accelerate the maturity of CPO solutions, benefiting manufacturers involved in high-speed data communication modules and DCI interconnects [3]

Core Viewpoint -拓荆科技 is a leading enterprise in the domestic semiconductor thin film deposition equipment and hybrid bonding equipment market, focusing on advanced technologies and products to meet the growing demands of the semiconductor industry driven by AI and emerging sectors [1][2][3] Financial Performance - In Q1 2025, the company reported revenue of 709 million yuan, a year-on-year increase of 50.22%, but a net loss of 147 million yuan, with a basic earnings per share of -0.53 yuan [1] - The decline in gross margin is attributed to the high cost of new products and processes, which accounted for nearly 70% of the revenue during the quarter [2] Product Development and Market Position - The company is focusing on thin film deposition equipment and advanced bonding equipment for 3D integration, continuously expanding its product offerings to meet industry trends and customer demands [3][4] - The company has successfully developed and delivered several new products, including low dielectric constant SiCO film process equipment and Thermal-ALD devices, which have passed customer verification and are now in industrial application [4] Industry Outlook - The semiconductor industry is expected to grow significantly, with global sales projected to increase by 19% to reach 628 billion USD in 2024, and continue to maintain double-digit growth in 2025, potentially exceeding 1 trillion USD by 2030 [2] - The demand for semiconductor equipment is rising due to advancements in AI applications and the increasing performance requirements for semiconductor devices [3] Strategic Initiatives - The company is committed to deepening its core business and advancing technology products in cutting-edge fields, with plans for new R&D and industrialization bases to support future growth [4][5]

Core Viewpoint - The chairman of Tuojing Technology, Lv Guangquan, stated that the high costs in the first quarter were due to urgent shipments of new products and processes to meet customer demands, which is considered a temporary situation [1] Group 1: Financial Performance - The company confirmed that the high costs were associated with new products and processes that were shipped urgently to satisfy customer needs [1] - The situation was influenced by multiple factors, including export control policies from relevant countries, the urgency of customer demands, and the pace of technological iteration [1] Group 2: Future Outlook - The company believes that the occurrence of similar situations in the future is unlikely, indicating a positive outlook [1] - Most of the new products have passed customer validation and are gradually entering mass production, which is expected to enhance long-term cooperation with clients and increase market share in equipment [1]

Core Viewpoint - The article emphasizes the role of the State Investment Fund (国投系基金) in accelerating industrial cultivation through strategic investments in key emerging industries, showcasing its significant contributions to the development of various sectors such as integrated circuits, smart connected vehicles, and biomedicine [2][3][4]. Group 1: Investment Strategy and Achievements - The State Investment Fund has successfully invested in 1,175 projects, aiding 296 companies to go public, including 143 on the Sci-Tech Innovation Board, and has helped break through 323 key core technologies [2]. - The fund has a management scale exceeding 2.7 trillion yuan, with over 50 funds under management, including more than 10 national-level government investment funds [2][4]. - The fund's investments have led to the creation of 319 national-level "little giant" enterprises, demonstrating its effectiveness in nurturing innovative companies [2]. Group 2: Focus Areas and Sectoral Impact - The fund focuses on strategic emerging industries such as integrated circuits, smart connected vehicles, biomedicine, and biomanufacturing, contributing to the construction of a modern industrial system [8][10]. - In the integrated circuit sector, the fund has invested 27.8 billion yuan across 336 projects, supporting companies like Tsinghua Unigroup and Cambricon Technologies to address critical technology bottlenecks [8][9]. - In the smart connected vehicle sector, the fund has invested 29.8 billion yuan in leading companies like CATL and BYD, facilitating the development of a closed-loop ecosystem in electric vehicles [9][10]. Group 3: Support for Private Enterprises - The fund has adopted a "mother fund + direct investment" model, managing over 120 billion yuan, which has mobilized over 1 trillion yuan to support technological innovation and foster around 4,000 innovative technology enterprises [12][13]. - More than two-thirds of the fund's investments are directed towards private enterprises, creating a new pattern of collaboration between state-owned capital and the private economy [13][14]. - The fund provides not only financial support but also resources and advantages to enhance the operational capabilities of invested enterprises, thereby promoting their innovation and growth [13].