会议召开时间：2025 年 12 月 11 日（星期四）15:00-16:00 投资者可于 2025 年 12 月 4 日（星期四）至 12 月 10 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （ir@acmrcsh.com）进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 盛美半导体设备（上海）股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入 地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 12 月 11 日（星期四）15:00-16:00 举行 2025 年第三季度业绩说明会，就投资者关 心的问题进行交流。 一、说明会类型 本次业绩说明会以视频录播结合网络互动形式召开，公司将针对 2025 年 第三季度的经营成果及财务状况的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 证券代码：688082 证券简称：盛美上海 公告编号：2025-088 盛美半导体设备（上海）股份有限公司 关于召开 20 ...

Core Insights - The stock price of Shengmei Shanghai increased by 2.10% on November 25, reaching 159.43 CNY per share, with a total market capitalization of 76.55 billion CNY [1] - The company has seen a year-to-date stock price increase of 60.48%, but has experienced a decline of 2.56% over the last five trading days and 14.61% over the last twenty days [1] - Shengmei Shanghai reported a revenue of 5.146 billion CNY for the first nine months of 2025, representing a year-on-year growth of 29.42%, and a net profit of 1.266 billion CNY, which is a 66.99% increase year-on-year [2] Financial Performance - The company has distributed a total of 0.723 billion CNY in dividends since its A-share listing [3] - As of September 30, 2025, the number of shareholders increased to 21,700, a rise of 85.89%, while the average number of circulating shares per person decreased by 46.20% to 20,098 shares [2] Shareholder Composition - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 5.0576 million shares, a decrease of 978,700 shares from the previous period [3] - Other notable shareholders include Huaxia SSE STAR 50 ETF, which is the fourth-largest shareholder with 3.1201 million shares, and several other ETFs that have also seen reductions in their holdings [3]

- The report discusses the "Volume Timing Signal" model, which indicates a cautious view for all indices as of November 21, 2025[24][25] - The "Number of Rising Stocks in the CSI 300 Index" sentiment indicator is used to gauge market sentiment by calculating the proportion of stocks with positive returns over a certain period[25][26] - The "Number of Rising Stocks in the CSI 300 Index" timing tracking involves smoothing the indicator over two different periods to capture its trend, with a bullish view when the short-term line is above the long-term line[27][28][29] - The "Moving Average Sentiment Indicator" uses the eight moving averages system to assess the trend state of the CSI 300 Index, assigning values based on the position of the moving average range[33][34][35] - The "Moving Average Sentiment Indicator" shows that the CSI 300 Index is currently in a non-prosperous sentiment range as of November 21, 2025[33][36][37] Model Backtest Results - Volume Timing Signal: All indices show a cautious view as of November 21, 2025[24][25] - Number of Rising Stocks in the CSI 300 Index: The indicator has recently declined, with the proportion of rising stocks slightly above 50%, indicating cooling market sentiment[25][26] - Number of Rising Stocks in the CSI 300 Index Timing Tracking: Both the fast and slow lines are declining, with the fast line below the slow line, indicating a cautious view for the near future[27][28][29] - Moving Average Sentiment Indicator: The CSI 300 Index is in a non-prosperous sentiment range as of November 21, 2025[33][36][37] Factor Construction and Evaluation - Cross-sectional volatility: The recent week saw a decline in cross-sectional volatility for CSI 300 and CSI 500 index constituents, indicating a deteriorating short-term alpha environment, while the CSI 1000 index constituents saw an increase, indicating an improving short-term alpha environment[2][38] - Time-series volatility: The recent week saw a decline in time-series volatility for CSI 300 index constituents, indicating a deteriorating alpha environment, while the CSI 500 and CSI 1000 index constituents saw an increase, indicating an improving alpha environment[2][39][40] Factor Backtest Results - Cross-sectional volatility: - CSI 300: 2.28% (recent quarter average), 83.44% (recent quarter average as a percentile of the past two years) - CSI 500: 2.44% (recent quarter average), 78.57% (recent quarter average as a percentile of the past two years) - CSI 1000: 2.60% (recent quarter average), 83.67% (recent quarter average as a percentile of the past two years)[39] - Time-series volatility: - CSI 300: 0.73% (recent quarter average), 77.23% (recent quarter average as a percentile of the past two years) - CSI 500: 0.53% (recent quarter average), 80.16% (recent quarter average as a percentile of the past two years) - CSI 1000: 0.27% (recent quarter average), 82.07% (recent quarter average as a percentile of the past two years)[42]

证券代码：688082 证券简称：盛美上海 公告编号：2025-087 盛美半导体设备（上海）股份有限公司 实际控制人及其一致行动人、部分董事及高级管 理人员减持股份结果公告 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： 实际控制人及其一致行动人、部分董事及高级管理人员持股的基本情况 本次减持计划实施前，本次减持的部分董事、高级管理人员持股情况如下： 1、公司实际控制人、董事长 HUI WANG 先生直接持有公司 850,962 股，占公 司总股本的 0.18%；其一致行动人公司董事、总经理、核心技术人员王坚先生直 接持有公司 592,755 股，占公司总股本的 0.12%； 2、公司财务负责人 LISA YI LU FENG 女士直接持有公司 337,500 股，占公 司总股本的 0.07%； 3、公司副总经理、核心技术人员陈福平先生直接持有公司 482,318 股，占 公司总股本的 0.10%； 4、公司董事会秘书罗明珠女士直接持有公司 322,983 股，占公司总股本的 0.07%。 减 ...

Core Insights - The actual controller and certain directors and senior management of Shengmei Shanghai have completed their share reduction plan, resulting in a total reduction of 0.14% of the company's shares [1] Share Reduction Details - HUIWANG reduced 199,794 shares, accounting for 0.04% of the total share capital - Wang Jian reduced 148,104 shares, accounting for 0.03% of the total share capital - LISAYILUFENG reduced 77,400 shares, accounting for 0.02% of the total share capital - Chen Fuping reduced 120,379 shares, accounting for 0.03% of the total share capital - Luo Mingzhu reduced 80,686 shares, accounting for 0.02% of the total share capital [1] Price and Purpose of Reduction - The reduction price ranged from 155.50 to 181.49 yuan per share - The funds obtained from the share reduction are primarily for personal financial needs [1]

Core Viewpoint - The actual controllers of Shengmei Shanghai, including HUI WANG and associated parties, have completed a share reduction, indicating potential changes in ownership dynamics and investor sentiment [1] Group 1: Share Reduction Details - HUI WANG reduced holdings by 199,800 shares, accounting for 0.04% of total shares [1] - Wang Jian reduced holdings by 148,100 shares, accounting for 0.03% of total shares [1] - LISA YI LU FENG reduced holdings by 77,400 shares, accounting for 0.02% of total shares [1] - Chen Fuping reduced holdings by 120,400 shares, accounting for 0.03% of total shares [1] - Luo Mingzhu reduced holdings by 80,686 shares, accounting for 0.02% of total shares [1]

Core Insights - The stock price of Shengmei Shanghai has decreased by 2.11% on November 21, trading at 157.51 CNY per share with a market capitalization of 75.631 billion CNY [1] - Year-to-date, Shengmei Shanghai's stock has increased by 58.55%, but it has seen a decline of 5.15% in the last five trading days and 18.09% over the past 20 days [2] Financial Performance - For the period from January to September 2025, Shengmei Shanghai reported a revenue of 5.146 billion CNY, representing a year-on-year growth of 29.42%, and a net profit attributable to shareholders of 1.266 billion CNY, which is a 66.99% increase year-on-year [2] - Since its A-share listing, Shengmei Shanghai has distributed a total of 0.723 billion CNY in dividends [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Shengmei Shanghai has increased by 85.89% to 21,700, while the average circulating shares per person have decreased by 46.20% to 20,098 shares [2] - The top ten circulating shareholders have seen a reduction in holdings, with significant decreases noted for major institutional investors [3]

Core Viewpoint - The demand for advanced packaging is expanding, and the company expects to maintain a positive growth trend in this area in the coming year [1] Group 1: Company Performance - In the third quarter of this year, the company's advanced packaging equipment performed well [1] - The company has introduced several core devices in the panel-level advanced packaging sector, including electroplating, edge wet etching, and negative pressure cleaning [1] Group 2: Industry Trends - Panel-level packaging is expected to become one of the industry trends [1] - The company plans to continue launching similar products in the future [1]

Core Viewpoint - The company reports a higher order proportion in storage compared to logic, with an average delivery cycle of around 6 months, indicating a positive market trend for advanced packaging demand [1] Group 1: Sales and Orders - The company's sales performance shows that orders in the storage segment are higher than those in the logic segment [1] - The average order delivery cycle is approximately 6 months [1] Group 2: Market Trends - There is an expanding demand for advanced packaging in the current market [1] - The company expects to maintain a strong growth trajectory in advanced packaging equipment in the upcoming year [1] Group 3: Product Offerings - The company is recognized as a global leader in advanced wafer wet processing equipment, offering a comprehensive range of products including coating, developing, stripping, etching, cleaning, and plating equipment [1] - The company has introduced several core products in the panel-level advanced packaging sector, including plating, edge wet etching, and vacuum cleaning equipment, with plans to continue launching similar products [1] Group 4: Industry Position - The company is at the forefront of the industry transition from wafers to panels, positioning itself as a leader in this trend [1]

Core Viewpoint - Shengmei Shanghai has delivered its first advanced photoresist curing equipment, Ultra Lith BK (Baker), to a leading global display screen manufacturer, addressing challenges in advanced lithography processes [1] Group 1: Equipment Features - The Ultra Lith BK (Baker) is designed to tackle issues such as insufficient uniformity, temperature drift, and critical dimension variation in advanced lithography processes [1] - The equipment aims to help manufacturers maintain stable yield and pattern fidelity as device sizes continue to shrink [1] - It enables highly stable and repeatable lithography processes [1]