Market Overview - A-shares experienced a collective rise with major indices reaching new highs, including the ChiNext Index and the Sci-Tech 50 Index, which closed at 3185.57 points and 1456.47 points respectively, marking increases of 2.28% and 3.49% [2] - The total market capitalization of A-share listed companies reached 119 trillion yuan, an increase of over 37 trillion yuan compared to the same period last year, indicating significant market expansion [3] Semiconductor Industry - The semiconductor sector continued its upward trend, with the Sci-Tech 50 Index rising by 3.49%, and several stocks within the industry hitting their daily limit up [4] - Micron Technology reported better-than-expected revenue and profit for its fourth fiscal quarter of 2025, projecting revenues between $12.2 billion and $12.8 billion for the first fiscal quarter of 2026, significantly above market expectations [4] - The semiconductor industry is entering an upcycle driven by AI demand, with digital chip demand surging and power semiconductor profitability improving [5] Financial Sector - The financial technology and brokerage sectors saw a late-session rally, with notable gains in stocks such as Xiangcai Securities and Guotou Capital [6] - The brokerage sector is expected to benefit from a high profitability environment and an increase in market activity, with analysts predicting further earnings growth in the third quarter [6] Future Outlook - Analysts anticipate that technology growth will remain the main theme in the fourth quarter, with a structural recovery in profitability and continued credit improvement expected [7] - The market is likely to see a balanced performance between large-cap and small-cap stocks, driven by increased allocations from public funds and insurance capital [7]

Group 1 - The Shanghai Stock Exchange's Sci-Tech Innovation Board semiconductor materials and equipment index surged by 9.80% as of September 24, 2025, with notable increases in constituent stocks such as ShenGong Co. (up 20.01%), Shengmei Shanghai (up 15.90%), and Jingyi Equipment (up 15.03%) [1] - The Sci-Tech Semiconductor ETF (588170) rose by 9.50%, reaching a peak increase of 10% during trading, marking its third consecutive day of gains [1] - Over the past five days, the Sci-Tech Semiconductor ETF has seen continuous net inflows, with a maximum single-day net inflow of 136 million yuan, totaling 374 million yuan, averaging 7.49 million yuan in daily net inflows [1] Group 2 - The Sci-Tech Semiconductor ETF (588170) and its linked funds (Class A: 024417; Class C: 024418) track the Shanghai Stock Exchange's semiconductor materials and equipment index, encompassing hard-tech companies in semiconductor equipment (59%) and semiconductor materials (25%) [1] - The semiconductor equipment and materials industry is a significant area for domestic substitution, characterized by low domestic substitution rates and high potential for domestic replacement, benefiting from the expansion of semiconductor demand driven by the AI revolution, waves of technology restructuring and mergers, and advancements in lithography technology [1]

股票代码：688082 股票简称：盛美上海 盛美半导体设备（上海）股份有限公司 （中国（上海）自由贸易试验区丹桂路 999 弄 5、6、7、8 号全幢） 2024 年度向特定对象发行 A 股股票 发行情况报告书 保荐人（主承销商） 中国（上海）自由贸易试验区商城路 618 号 联席主承销商 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 全体董事签字： _______________________ _______________________ HUI WANG 王 坚 _______________________ _______________________ 黄 晨 彭明秀 _______________________ _______________________ ZHANBING REN 张苏彤 _______________________ _______________________ 蒋守雷 杨霞云 深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小镇 B7 栋 401 二〇二五年九月 1 发行人全体董事、高级管理人员声明 本公司全体董事、高级管理人员承诺本发行情况 ...

盛美半导体设备(上海)股份有限公司 验资报告 信会师报字[2025]第 ZI10808 号 否由具有执业许可的会计师事 您可使用手机"扫一扫"或进入"注册会计师行业统一些管 十师行业 报告编码:沪25 盛美半导体设备(上海)股份有限公司 验资报告 | | 글 求 | 页码 | | --- | --- | --- | | | 验资报告 | 1-2 | | i í | 附件 | | | | 附件 1: 新增注册资本实收情况明细表 | 1-2 | | | 附件 2: 注册资本及股本变更前后对照表 | 3 | | | 附件 3:验资事项说明 | 4-5 | | 11 I | 事务所执业资质证明 | | 88 立信会计师事务所(特殊普通合伙) DO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS 验 资 报 告 信会师报字[2025]第ZI10808号 盛美半导体设备(上海)股份有限公司全体股东: 我们接受委托,审验了盛美半导体设备(上海)股份有限公司(以 下简称"贵公司")截至 2025年9月16日止新增注册资本及股本情 况。按照法律法规以及协议、章程的要求出资,提供真实 ...

北京市金杜律师事务所 关于盛美半导体设备（上海）股份有限公司 2024 年度向特定对象发行 A 股股票发行过程和认购对象合 规性的法律意见书 致：盛美半导体设备（上海）股份有限公司 北京市金杜律师事务所（以下简称本所）接受盛美半导体设备（上海）股份 有限公司（以下简称发行人或公司）的委托，作为发行人 2024 年度向特定对象 发行 A 股股票（以下简称本次发行）的专项法律顾问，根据《中华人民共和国公 司法》《中华人民共和国证券法》（以下简称《证券法》）、《上市公司证券发行注 册管理办法》（以下简称《注册管理办法》）、《律师事务所从事证券法律业务管理 办法》《律师事务所证券法律业务执业规则（试行）》《证券发行与承销管理办法》 （以下简称《承销管理办法》）、《公开发行证券的公司信息披露内容与格式准则 第 61 号——上市公司向特定对象发行证券募集说明书和发行情况报告书》及《上 海证券交易所上市公司证券发行与承销业务实施细则》（以下简称《实施细则》） 等中华人民共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中 国香港特别行政区、中国澳门特别行政区和中国台湾省）现行有效的法律法规和 中国证券监督管理委员会 ...

国泰海通证券股份有限公司、 中信证券股份有限公司、 2024 年度向特定对象发行 A 股股票 发行过程和认购对象合规性的报告 保荐人（主承销商） 中国（上海）自由贸易试验区商城路 618 号 联席主承销商 华泰联合证券有限责任公司 关于盛美半导体设备（上海）股份有限公司 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小镇 B7 栋 401 二〇二五年九月 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意盛美半 导体设备（上海）股份有限公司向特定对象发行股票注册的批复》（证监许可 [2025]1338 号），同意盛美半导体设备（上海）股份有限公司（简称"盛美上海"、 "发行人"或"公司"）向特定对象发行 A 股股票的注册申请。 国泰海通证券股份有限公司（以下简称"国泰海通证券"、"保荐人（联席 主承销商）"）作为盛美上海本次向特定对象发行 A 股股票（以下简称"本次 发行"）的保荐人和联席主承销商，华泰联合证券有限责任公司（以下简称"华 泰联合证券"、"联席主承销商"），中信证券股份有限公司（以下简称"中信 证券"、"联席主承 ...

盛美半导体设备（上海）股份有限公司 关于 2024 年度向特定对象发行 A 股股票 发行情况报告书披露的提示性公告 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。 盛美半导体设备（上海）股份有限公司（以下简称"公司"）2024 年度向特 定对象发行 A 股股票（以下简称"本次发行"）的发行承销总结相关文件已经上 海证券交易所备案通过，公司将尽快办理本次发行新增股份的登记托管事宜。 证券代码：688082 证券简称：盛美上海 公告编号：2025-064 本次发行的具体情况详见公司同日在上海证券交易所网站（www.sse.com.cn） 披露的《盛美半导体设备（上海）股份有限公司 2024 年度向特定对象发行 A 股 股票发行情况报告书》等相关文件。 特此公告。 盛美半导体设备（上海）股份有限公司 董事会 2025年9月25日 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a strong performance in the first half of 2025, with revenue reaching 3.265 billion yuan, a year-on-year increase of 35.83%. This growth is attributed to strong demand in the mainland Chinese market and the company's ability to leverage its technological advantages to secure a substantial order backlog [4][6] - The company's net profit attributable to shareholders increased by 56.99% year-on-year, driven by revenue growth and a reduction in share-based payment expenses [4] - The company is solidifying its position in the semiconductor equipment industry, transitioning from a cleaning equipment provider to a platform-based semiconductor equipment company, with a diverse product line that meets various customer needs [5][6] Financial Performance Summary - For the first half of 2025, the company achieved a total profit increase of 75.27%, with a net profit of 1.496 billion yuan expected for 2025, representing a 29.7% year-on-year growth [7][9] - Revenue projections for 2025-2027 are 6.729 billion yuan, 8.258 billion yuan, and 9.206 billion yuan, respectively, with corresponding net profits of 1.496 billion yuan, 1.762 billion yuan, and 1.934 billion yuan [7][9] - The company's gross margin is projected to be 46.9% in 2025, with a return on equity (ROE) of 16.0% [9][10]

Core Viewpoint - The semiconductor materials and equipment sector is experiencing a strong upward trend, driven by AI demand and structural improvements in the industry, indicating a potential new growth phase for the sector [2][3]. Group 1: Market Performance - The Shanghai Stock Exchange's Sci-Tech Innovation Board semiconductor materials and equipment index surged by 9.37%, with notable gains from stocks such as ShenGong Co. (up 20.01%) and Shengmei Shanghai (up 15.35%) [1]. - The Sci-Tech Semiconductor ETF (588170) rose by 9.42%, marking its third consecutive increase, with a latest price of 1.5 yuan and a trading volume of 4.52 billion yuan [1]. - The ETF's latest scale reached 1.113 billion yuan, a record high since its inception, with a total of 815 million shares outstanding [1]. Group 2: Sector Analysis - The semiconductor equipment and materials sector is showing strength, with several companies hitting historical highs, including Changchuan Technology and Shengmei Shanghai [2]. - Current market conditions suggest that the semiconductor cycle may be entering an upward phase, supported by AI computing demand, which is expected to enhance overall industry demand [2]. - The semiconductor sector is characterized by a "bull long, bear short" feature, indicating a potential new upward phase driven by policy support, technological breakthroughs, and downstream demand [2]. Group 3: ETF Information - The Sci-Tech Semiconductor ETF (588170) tracks the semiconductor materials and equipment index, focusing on companies in semiconductor equipment (59%) and materials (25%) [3]. - The semiconductor materials ETF (562590) also emphasizes the upstream semiconductor sector, benefiting from the expansion of semiconductor demand driven by the AI revolution [3].

Group 1 - The A-share semiconductor sector is experiencing a strong rally, with the ChiNext Semiconductor Equipment ETF (588710) rising over 12% intraday, indicating active market trading [1] - The underlying index, the Shanghai Stock Exchange ChiNext Semiconductor Materials and Equipment Theme Index (950125), increased by 8.83%, with significant gains in constituent stocks such as ShenGong Co. (688233) up 20.01% and Jingyi Equipment (688652) up 13.89% [1] - Over the past week, the ChiNext Semiconductor Equipment ETF (588710) has accumulated a rise of 12.92%, with net inflows totaling 136 million yuan over three of the last five trading days [1] Group 2 - The storage market is witnessing a comprehensive price increase, with DRAM product contract prices expected to rise by 15%-20% quarter-on-quarter in Q3 2025, and NAND Flash product prices projected to increase by 5%-10% [1][2] - The demand for enterprise-level storage products such as eSSD and RDIMM remains high, suggesting a significant improvement in the performance of related storage industry chain companies [2] Group 3 - According to Huatai Securities, the semiconductor equipment market in China is expected to see a shift with "East Rising, West Declining," as global equipment company revenues grew by 24% year-on-year to $34 billion in Q2 2025 [3] - The overall semiconductor capital expenditure for 2025 is projected to increase by 14% to $148 billion, while the global equipment market is expected to grow by 12% to $142 billion [3] - The ChiNext Semiconductor Equipment ETF closely tracks the performance of the Shanghai Stock Exchange ChiNext Semiconductor Materials and Equipment Theme Index, which includes companies involved in semiconductor materials and equipment [3][4] Group 4 - As of August 29, 2025, the top ten weighted stocks in the ChiNext Semiconductor Materials and Equipment Theme Index (950125) account for 71.5% of the index, including companies like Huahai Qingke (688120) and Zhongwei Company (688012) [4]