拓荆科技股份有限公司 2024 年度独立董事述职报告 2024 年度，本人刘胜作为拓荆科技股份有限公司（以下简称"公司"）的独 立董事，严格按照《中华人民共和国公司法》《中华人民共和国证券法》《上市公 司治理准则》《上市公司独立董事管理办法》（以下简称"《管理办法》"）《上海证 券交易所科创板股票上市规则》等法律法规、规范性文件以及《拓荆科技股份有 限公司章程》（以下简称"《公司章程》"）、《拓荆科技股份有限公司独立董事制度》 （以下简称"《独立董事制度》"）等相关规定，勤勉、尽责、独立地履行工作职 责，积极出席相关会议，认真审议董事会各项议案，在董事会中发挥参与决策、 监督制衡、专业咨询作用，运用自身的专业知识，为公司的科学决策提出意见和 建议，充分发挥独立董事的作用，维护公司和全体股东的合法权益。现本人将 2024 年度担任公司独立董事的履职情况汇报如下： 一、独立董事的基本情况 （一） 个人基本情况 刘胜，1963 年出生，美国斯坦福大学机械工程博士，中国科学院院士。2001 年 5 月至 2024 年 12 月，任华中科技大学教授；2014 年 4 月至 2024 年 12 月， 任武汉大学动力与机械 ...

证券代码：688072 证券简称：拓荆科技 公告编号：2025-025 拓荆科技股份有限公司 关于制定《拓荆科技股份有限公司市值管理制度》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。 （三）长效激励机制：建立以股权激励为代表的激励机制，以及具有激励 效应的薪酬管理体系； （四）权益管理：通过引入耐心资本、开展股份回购、增持、现金分红等 方式维护市值稳定和投资者信心； 为加强公司市值管理，切实推动公司投资价值提升，增强投资者回报，维 护投资者利益，公司根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司信息披露管理办法》《上市公司监管指引第10号——市值管理》等 法律法规、规范性文件和《拓荆科技股份有限公司章程》等规定，公司制定了 《拓荆科技股份有限公司市值管理制度》，主要内容如下： 公司本着合规性、科学性、系统性、常态化和诚实守信原则进行市值管理。 公司市值管理工作由董事会负责、董事长领导、经营管理层参与、董事会秘书 具体执行，主要方式如下： （一）战略管理：聚焦主业，强化核心竞争力，不断引领公司创新 ...

拓荆科技股份有限公司 2024 年度独立董事述职报告 二、独立董事年度履职概况 （一）出席股东大会、董事会情况 2024年度，公司共召开4次股东大会，12次董事会，作为公司的独立董事， 本人积极出席会议，参与并了解公司经营情况，积极履行了独立董事的职责，促 进了公司董事会决策的科学性和客观性，维护了公司股东的利益。针对董事会审 议的事项，本人认真详细审阅议案内容，与公司沟通、了解或获取做出决策所需 的信息，充分发表意见。2024年度，本人对公司董事会各项议案涉及的重大事项 未提出异议，对各次董事会审议的相关议案均投了同意票，没有反对、弃权的情 形。出席会议情况如下： | | | | 参加董事会情况 | | | | 参加股 东大会 情况 | | --- | --- | --- | --- | --- | --- | --- | --- | | 董事姓名 | 本年应参 | 亲自出 | 其中，以 | 委托出 | 缺席 | 是否连续两 | 出席股 | | | 加董事会 | 席次数 | 通讯方式 | 席次数 | 次数 | 次未亲自参 | 东大会 | | | 次数 | | 参加次数 | | | 加会议 | 的次数 | | ...

拓荆科技股份有限公司 2024 年度独立董事述职报告 2024 年度，本人黄宏彬作为拓荆科技股份有限公司（以下简称"公司"）的 独立董事，严格按照《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司治理准则》《上市公司独立董事管理办法》（以下简称"《管理办法》"）《上海 证券交易所科创板股票上市规则》等法律法规、规范性文件以及《拓荆科技股份 有限公司章程》（以下简称"《公司章程》"）、《拓荆科技股份有限公司独立董事制 度》（以下简称"《独立董事制度》"）等相关规定，勤勉、尽责、独立地履行工作 职责，积极出席相关会议，认真审议董事会各项议案，在董事会中发挥参与决策、 监督制衡、专业咨询作用，运用自身的专业知识，为公司的科学决策提出意见和 建议，充分发挥独立董事的作用，维护公司和全体股东的合法权益。现本人将 2024 年度担任公司独立董事的履职情况汇报如下： 一、独立董事的基本情况 （一） 个人基本情况 黄宏彬，1971 年出生，上海财经大学工商管理硕士。1994 年 7 月至今，先 后任职于上海万国证券公司、上海证券交易所、金浦产业投资基金管理有限公司、 京通智汇资产管理有限公司、金圆国际有限公司、上海 ...

Financial Performance - The basic earnings per share for 2024 is 2.48 yuan, an increase of 3.77% compared to 2023's 2.39 yuan [1] - The net profit for 2024 is 688 million yuan, reflecting a 3.77% increase from 663 million yuan in 2023 [1] - The operating revenue for 2024 is 4.103 billion yuan, showing a significant increase of 51.68% from 2.705 billion yuan in 2023 [1] - The return on equity for 2024 is 14.11%, down 12.31% from 16.09% in 2023 [1] - The net asset per share decreased by 22.65% to 18.88 yuan in 2024 from 24.41 yuan in 2023 [1] - The undistributed profits per share increased by 8.53% to 5.85 yuan in 2024 from 5.39 yuan in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 6.06838 million shares, accounting for 39.47% of the circulating shares, a decrease of 478.08 thousand shares from the previous period [2] - Among the top shareholders, Zhongwei Semiconductor Equipment (Shanghai) Co., Ltd. holds 2.05163 million shares, representing 13.34% of the total share capital, with no change [3] - The Huaxia SSE STAR 50 ETF decreased its holdings by 188.03 thousand shares to 920.36 thousand shares, representing 5.98% of the total share capital [3] - New entrants in the top ten shareholders include the Jiashi SSE STAR Chip ETF with 299.89 thousand shares (1.95%) and the Agricultural Bank of China - Dongfang Artificial Intelligence Theme Mixed Fund with 273.17 thousand shares (1.78%) [3] Dividend Distribution - The company has announced a dividend distribution plan of 2.7 yuan per share (including tax) [4]

星标 ★ IPO日报 精彩文章第一时间推送 国内半导体薄膜设备龙头迎来市值高达195亿元的限售股的解禁。 4月21日，科创板上市公司拓荆科技（股票代码688072.SH）首次公开发行部分限售股上市流通。本次解禁股份数量多达 1.24亿股，占公司总股本的44.5%，涉及21名股东，包括国家集成电路基金、国投上海、公司员工持股平台等股东。 按照4月21日收盘价157.27元来计算，拓荆科技今日解禁市值高达195亿元，由此实现"全流通"。 那么，这波解禁会影响拓荆科技的股价走势？投资者应该关注哪些信号？ 制图：佘诗婕 近两月股价震荡下滑 拓荆科技成立于 2010年04月，主营业务为高端半导体薄膜设备的研发、生产、销售和技术服务，于2022年4月21日登陆科 创板。 此次首批21名限售股解禁股东中，国家集成电路基金是公司第一大股东，持有限售股55026693股，占公司总股本的 19.6714%；国投上海持有限售股3788.8万股，占公司总股本的13.5445%。 芯鑫和、芯鑫全、芯鑫龙、芯鑫成、芯鑫旺、芯鑫盛、芯鑫阳、沈阳盛腾、沈阳盛旺、沈阳盛全、沈阳盛龙作为拓荆科技股 东、员工持股平台、姜谦的一致行动人，共计持有限 ...

Core Viewpoint - The unlocking of 124 million restricted shares of Tuojing Technology, valued at 19.5 billion yuan, raises questions about its impact on stock price and investor sentiment [1]. Group 1: Share Unlocking Details - On April 21, 2023, Tuojing Technology (stock code 688072.SH) had its first batch of restricted shares unlocked, accounting for 44.5% of the total share capital [1]. - The major shareholders involved in this unlocking include the National Integrated Circuit Fund, which holds 55,026,693 shares (19.67% of total shares), and Guotou Shanghai with 37,888,000 shares (13.54% of total shares) [1]. - Other shareholders include various employee stock ownership platforms and individuals, collectively holding approximately 25,150,516 shares (8.99% of total shares) [1]. Group 2: Stock Performance - Tuojing Technology was listed at an issuance price of 71.88 yuan and saw a first-day increase of 28.41%, closing at 92.3 yuan [3]. - The stock reached a peak adjusted price of 475.1 yuan in November 2024, but has since declined to around 330 yuan, representing a drop of over 27% [5]. Group 3: Financial Performance - In 2024, Tuojing Technology achieved a revenue of 4.103 billion yuan, a year-on-year increase of 51.7%, with a net profit of 688 million yuan, up 3.91% [6]. - The company experienced significant growth in 2022, with revenue and net profit increasing by 125.02% and 438.09%, respectively, but growth rates have slowed in 2023 [6]. - Total assets reached 15.314 billion yuan, reflecting a year-on-year growth of 53.61%, primarily due to increased orders and inventory growth [6]. Group 4: R&D and Market Position - In the first three quarters of 2024, Tuojing Technology's R&D expenses amounted to 498 million yuan, representing 12.17% of revenue, with a capitalization rate of 44.57% [7]. - The company maintains a high market valuation with a total market cap of 43.99 billion yuan and a TTM P/E ratio of 63.9, indicating strong future growth expectations [7]. - Industry experts suggest that strategic investors like the National Integrated Circuit Fund are less likely to sell off their shares immediately after unlocking, while some short-term investors may choose to take profits [7].

Group 1: Market Overview - US stock index futures fell on Monday, and the US dollar index dropped below 99.00 for the first time since April 2022 [2] - Trump hinted at a desire to lower tariffs on China, suggesting a potential agreement within a month [2] - The domestic stock market is being supported by government efforts to stabilize the market and promote healthy development in the real estate sector [5][11] Group 2: Company Developments - MP Materials has ceased exporting rare earth concentrates to China, which may lead to a tightening of domestic supply and a potential increase in overseas rare earth prices [4][12] - Tesla's production of the low-cost Model Y may be delayed until next year, with significant sales declines reported in Europe, particularly in Germany, Denmark, and Sweden, where sales fell over 50% [3] - The first quarter saw significant profit increases for several companies, including: - Cambrian Technology with a net profit of 355 million yuan, turning a profit year-on-year [16] - Zhongji Xuchuang with a net profit of 1.583 billion yuan, up 56.83% year-on-year [16] - Zhengdan Co. with a net profit of 389 million yuan, a 558.59% increase year-on-year [16] Group 3: Industry Trends - The consumer electronics industry is experiencing a recovery, driven by demand for passive components like MLCCs, with prices rising due to increased orders and low inventory levels [13] - The humanoid robot industry is gaining traction, with the first humanoid robot half-marathon held in Beijing, showcasing advancements in robotics and potential market expansion [14] - The AI sector is driving demand for passive components, with projections indicating that the demand for MLCCs in AI applications will grow at an annual rate exceeding 30% by 2030 [13]

Investment Rating - Industry investment rating: Outperform the market (expected to outperform the market by more than 5% in the next 6 months) [34] Core Insights - RISC-V architecture is driving diverse demand in the chip ecosystem under AI influence, with a projected CAGR of 75% from 2020 to 2024 and an expected annual growth rate of nearly 50% until 2030 [2][9] - International market changes are expected to increase the contract price growth of memory products in Q2 2025, with both DRAM and NAND Flash prices anticipated to rise more than previously expected due to heightened trading momentum [4][5] - The global smartphone market showed a modest growth of only 1% in Q1 2025, with Samsung leading at 20% market share, followed by Apple at 18% [12][13] - QD-OLED displays are projected to account for 73% of OLED display shipments in 2025, up from 68% in 2024, indicating strong competitiveness in high-end display technology [18][19] Summary by Sections RISC-V and AI - RISC-V is recognized for its innovative architecture, offering better performance and smaller chip sizes, making it suitable for AI accelerator designs [2][9] - The market for processors utilizing RISC-V technology is expected to grow significantly, with a 10-year CAGR of approximately 57% from 2020 to 2030 [2][9] Memory Market Outlook - The memory market is experiencing a shift in supply and demand strategies due to international circumstances, leading to increased contract price expectations for DRAM and NAND Flash in Q2 2025 [4][5] - Price forecasts indicate a potential increase in memory prices, with DRAM and NAND Flash expected to rise by 3-8% in Q2 2025 after a decline in Q1 2025 [6] Smartphone Market Analysis - The smartphone market's growth remains sluggish, with a mere 1% increase in Q1 2025, attributed to macroeconomic challenges and consumer confidence issues [12][13] - Major players like Samsung and Apple continue to dominate the market, with Xiaomi, vivo, and OPPO following [12][13] Display Technology Trends - The rise of QD-OLED technology is expected to enhance the quality and performance of displays, catering to high-end users and gamers [18][19] Investment Recommendations - The report suggests focusing on semiconductor manufacturing and equipment due to the clear trend of domestic substitution, with specific companies recommended for investment [29][33]

Investment Rating - The report assigns an "Accumulate" rating for the semiconductor equipment industry, indicating a positive outlook for the sector [2][17]. Core Insights - The report highlights that hybrid bonding solutions are becoming a critical breakthrough for AI chips and advanced packaging, with significant developments expected in the coming years [3][4]. - Applied Materials (AMAT) has acquired a 9% stake in Besi, viewing hybrid bonding as a strategic long-term investment, and both companies will collaborate on developing hybrid bonding solutions [3][4]. - The demand for hybrid bonding technology is projected to surge, particularly in the logic process field starting in 2022, with a second wave of demand anticipated in 2024 [4]. Summary by Sections Industry Overview - Hybrid technology is expected to begin mass production in the logic process field in 2022, with further adoption in the memory sector by 2025-2026 and in advanced packaging (AP) by 2027-2028 [4]. - By 2030, the demand for hybrid bonding equipment is estimated to reach around 1,400 units [4]. Company Developments - AMAT's acquisition of Besi shares is part of a long-standing partnership aimed at developing the industry's first fully integrated equipment solution for wafer-based hybrid bonding [4]. - Besi's equipment orders are expected to increase significantly in 2024, driven primarily by demand from AI applications [4]. Financial Performance - Besi is projected to achieve revenues of €607.5 million in 2024, reflecting a year-on-year increase of 4.9%, with a gross margin of 65.2% [4]. - The company's order intake is expected to rise to €586.7 million, a 7.0% increase year-on-year, largely due to the growing demand for AI application equipment [4]. Recommended Companies - The report recommends companies such as Tuojing Technology and Northern Huachuang for investment, highlighting their potential benefits from the hybrid bonding technology [4][9].