Financial Performance - The company's revenue for Q1 2025 reached ¥1,305,866,199.58, representing a 41.73% increase compared to ¥921,388,511.56 in the same period last year[4] - Net profit attributable to shareholders was ¥246,333,965.84, a significant increase of 207.21% from ¥80,183,413.97 year-on-year[4] - Basic and diluted earnings per share increased to ¥0.56, reflecting a growth of 211.11% compared to ¥0.18 in the same period last year[4] - Operating profit for Q1 2025 was ¥286,090,377.66, up from ¥70,563,375.62 in Q1 2024, reflecting a growth of 304.5%[16] - Net profit attributable to shareholders for Q1 2025 was ¥246,333,965.84, compared to ¥80,183,413.97 in Q1 2024, marking an increase of 207.5%[18] - The total equity attributable to shareholders rose to ¥8,079,463,700.92 in Q1 2025, compared to ¥7,665,635,114.21 in Q1 2024, an increase of 5.4%[16] Cash Flow - The net cash flow from operating activities improved to ¥93,152,164.05, a turnaround from a negative cash flow of ¥155,024,348.43 in the previous year[4] - The company reported a net cash flow from operating activities of ¥93,152,164.05 in Q1 2025, a turnaround from a negative cash flow of -¥155,024,348.43 in Q1 2024[20] - The net cash increase from operating activities for Q1 2025 was ¥237,815,909.21, compared to a net decrease of ¥93,413,672.26 in the same period last year[21] - The net cash flow from financing activities was ¥224,080,103.77, an increase from ¥149,843,070.11 year-over-year[21] - Cash inflows from financing activities totaled ¥424,672,965.68, significantly higher than ¥167,000,000.00 in the previous year[21] - Cash outflows from investment activities were ¥128,863,829.25, compared to ¥235,308,626.48 in the same period last year[21] - The net cash flow from investment activities was -¥76,450,447.68, slightly improved from -¥88,777,691.67 year-over-year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,637,612,001.52, up 4.20% from ¥12,128,452,382.81 at the end of the previous year[5] - Total assets reached ¥12,637,612,001.52, compared to ¥12,128,452,382.81, an increase of 4.18%[14] - Current liabilities totaled ¥3,597,798,695.02, slightly up from ¥3,529,551,831.90, indicating a rise of 1.52%[14] - Long-term borrowings stood at ¥765,799,142.38, compared to ¥758,194,676.18, reflecting an increase of 1.99%[14] - The total liabilities increased to ¥4,557,171,209.71 in Q1 2025 from ¥4,462,816,629.35 in Q1 2024, reflecting a growth of 2.1%[16] Research and Development - Research and development expenses totaled ¥252,173,658.10, which is 19.31% of revenue, down from 22.16% in the previous year[5] - Research and development expenses for Q1 2025 were ¥187,377,346.82, up from ¥167,819,748.27 in Q1 2024, indicating a focus on innovation[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,594[10] - ACM RESEARCH, INC. holds 81.06% of shares, totaling 357,692,308 shares[10] - The company has no significant changes in major shareholders or their shareholding status during the reporting period[11] Market and Operational Insights - The company attributed revenue growth to strong demand in the semiconductor industry, particularly in the Chinese market, and efficient sales and delivery processes[8] - The increase in net profit was primarily driven by growth in main business revenue and gross profit[8] - The company has accumulated a substantial order reserve, which supports future revenue growth[8] Cash and Equivalents - The company's cash and cash equivalents increased to ¥2,872,406,514.61 from ¥2,634,590,605.40, a growth of 9.03%[13] - The total cash and cash equivalents at the end of Q1 2025 amounted to ¥2,872,406,514.61, up from ¥1,429,928,401.69 in the previous year[22] Accounts Receivable and Inventory - Accounts receivable rose to ¥2,284,278,445.63, up from ¥2,132,274,574.65, reflecting an increase of 7.13%[13] - Inventory increased to ¥4,302,045,308.51 from ¥4,232,200,698.68, marking a growth of 1.65%[13] Other Information - There are no applicable reminders for investors regarding the company's operational status during the reporting period[12] - The company did not apply new accounting standards or interpretations for the first execution year[21] - The impact of exchange rate changes on cash and cash equivalents was -¥2,965,910.93, contrasting with a positive impact of ¥545,297.73 in the previous year[21]

8. 其他会议文件。 公司已向本所保证，公司已向本所披露一切足以影响本法律意见书出具的事 实并提供了本所为出具本法律意见书所要求公司提供的原始书面材料、副本材料、 复印材料、承诺函或证明，并无隐瞒记载、虚假陈述和重大遗漏之处；公司提供 给本所的文件和材料是真实、准确、完整和有效的，且文件材料为副本或复印件 的，其与原件一致和相符。 在本法律意见书中，本所仅对本次股东大会召集和召开的程序、出席本次股 东大会人员资格和召集人资格及表决程序、表决结果是否符合有关法律、行政法 规、《股东会规则》和《公司章程》的规定发表意见，并不对本次股东大会所审 议的议案内容以及该等议案所表述的事实或数据的真实性和准确性发表意见。本 所仅根据现行有效的中国境内法律法规发表意见，并不根据任何中国境外法律发 表意见。 北京市金杜律师事务所上海分所 关于盛美半导体设备（上海）股份有限公司 2025 年第二次临时股东大会之法律意见书 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上海分所（以下简称本所）接受盛美半导体设备（上 海）股份有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以 下简称《证券法》）、《中华人民 ...

Core Insights - The company reported a revenue of 1.306 billion yuan for Q1 2025, representing a year-on-year growth of 41.73% [1] - The net profit for the same period was 246 million yuan, showing a significant year-on-year increase of 207.21% [1] Financial Performance - Revenue for Q1 2025: 1.306 billion yuan, up 41.73% year-on-year [1] - Net profit for Q1 2025: 246 million yuan, up 207.21% year-on-year [1]

证券代码：688082 证券简称：盛美上海 盛美半导体设备（上海）股份有限公司 2025 年第二次临时股东大会会议资料 2025 年 4 月 盛美半导体设备（上海）股份有限公司 2025 年第二次临时股东大会会议须知 为维护全体股东的合法权利，确保股东大会的正常秩序和议事效率，保证大 会的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司股东大会规则》以及《盛美半导体设备（上海）股份有限公司章程》《盛美 半导体设备（上海）股份有限公司股东大会议事规则》等相关规定，盛美半导体 设备（上海）股份有限公司（以下简称"公司"）特制定 2025 年第二次临时股 东大会会议须知： 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工作 人员将对出席会议者的身份进行必要的核对工作，请被核对者予以配合。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，请出 席大会的股东或其代理人或其他出席者准时达到会场签到确认参会资格，在会议 主持人宣布现场出席会议的股东和代理人人数及所持有的表决权数量之前，会议 登记应当终止。 三、会议按照会议通知上所列顺序审议、表决议案。 四、股东及股东 ...

Core Viewpoint - Semiconductor equipment provider Shengmei Shanghai announced an adjustment of its share repurchase price ceiling from 90 CNY/share to 99.02 CNY/share, but this new ceiling became temporarily ineffective on the announcement day as the stock closed at 101.85 CNY, highlighting a recurring issue for the company in keeping pace with market conditions [1][2]. Group 1: Share Repurchase Price Adjustment - The adjustment of the repurchase price ceiling was made due to the company's stock price consistently exceeding the previously set limit of 90 CNY/share, reflecting confidence in the company's future and value recognition [2]. - On April 11, the company's stock price rose by 2.86%, closing at 101.85 CNY, indicating that the newly announced repurchase price ceiling was already ineffective [2]. - The adjustment of the repurchase price ceiling of 99.02 CNY/share was only relevant for three trading days from April 7 to April 9, during which the stock price was below this new limit [2][3]. Group 2: Comparison with Other Companies - Other companies, such as Jincheng Machinery and Yinviting, have also adjusted their repurchase price ceilings, but their adjustments were significantly higher than that of Shengmei Shanghai, which was only 10.02% [3]. - For instance, Yuchip Technology, also in the semiconductor sector, raised its repurchase price ceiling from 30 CNY/share to 53 CNY/share, a substantial increase of 76.67% [3]. Group 3: Repurchase Plan Implementation Issues - Shengmei Shanghai has not initiated any repurchases since the announcement of its plan nearly nine months ago, primarily due to its stock price consistently exceeding the set repurchase price ceiling [4][5]. - The initial repurchase plan was announced on August 6, 2024, with a proposed repurchase amount of 50 million to 100 million CNY, but the stock price on that day was already above the proposed ceiling [4]. - Following a decline in stock price, the company missed opportunities to repurchase shares when prices fell below the ceiling, and the stock price has since risen again, limiting the chances for repurchase [5]. Group 4: Financial Position and Market Perception - Shengmei Shanghai has a strong financial position, with cash reserves of 2.635 billion CNY and a debt-to-asset ratio of 36.80%, indicating a solid ability to execute share repurchases [6]. - Despite consistent profit growth since its listing in 2021, the company has been criticized for its slow repurchase pace and cautious pricing strategy, leading to questions about its market outlook and intentions [6].

证券代码：688082 证券简称：盛美上海 公告编号：2025-026 盛美半导体设备（上海）股份有限公司 关于召开 2025 年第二次临时股东大会的通知 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025 年第二次临时股东大会 召开日期时间：2025 年 4 月 29 日 10 点 30 分 召开地点：中国（上海）自由贸易试验区丹桂路 999 弄 B2 栋会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 4 月 29 日 至 2025 年 4 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2025年4月29日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议 ...

证券代码：688082 证券简称：盛美上海 公告编号：2025-024 公司第二届董事会下设专门委员会委员任期自第二届董事会第十八次会议 审议通过之日起至第二届董事会任期届满之日止。 特此公告。 盛美半导体设备（上海）股份有限公司 关于调整董事会专门委员会成员的公告 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。 2025 年 4 月 10 日，盛美半导体设备（上海）股份有限公司（以下简称"公 司）召开了第二届董事会第十八次会议，审议通过了《关于调整董事会专门委员 会成员的议案》。 一、董事会专门委员会调整原因 因公司董事 HAIPING DUN、STEPHEN SUN-HAI CHIAO 及罗千里辞任董事及相 关委员会职务。为填补委员空缺，保障第二届董事会专门委员会的正常运行，现 公司对委员会成员构成进行相应调整。公司对三位董事任职期间的勤勉工作及专 业贡献表示诚挚感谢。 二、董事会专门委员会调整情况 公司拟调整战略委员会、提名委员会、薪酬与考核委员会成员，审计委员会 成员保持不变。调整后的专门委员会成员组成情况如下： ...

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"）于2025年4月 10日召开第二届董事会第十八次会议，审议通过了《关于变更注册资本、调整董 事会人数暨修订<公司章程>的议案》，现将具体情况公告如下： 一、公司注册资本变更情况 证券代码：688082 证券简称：盛美上海 公告编号：2025-023 盛美半导体设备（上海）股份有限公司 关于变更注册资本、调整董事会人数 暨修订《公司章程》的公告 人减少至6人，其中非独立董事人数由6人调整为3人，独立董事人数仍为3人。 2024年11月25日，公司完成2019年股票期权激励计划第二个行权期第一次行 权，行权股票数量为2,150,269股，行权后公司总股本由436,153,563股增至 438,303,832股。2024年12月2日，公司完成2019年股票期权激励计划第二个行权 期第二次行权，行权股票数量为436,921股，行权后公司总股本由438,303,832股 增至438,740,753股。2025年3月19日，公司完成2 ...

会议由监事会主席 TRACY DONG LIU 女士主持。 证券代码：688082 证券简称：盛美上海 公告编号：2025-022 盛美半导体设备（上海）股份有限公司 第二届监事会第十七次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 2025 年 4 月 10 日，盛美半导体设备（上海）股份有限公司（以下简称"公 司"）第二届监事会第十七次会议在上海自由贸易试验区丹桂路 999 弄 B2 栋会议 室举行，本次会议应出席监事 3 名，实际出席会议的监事 3 名。全体监事认可本 次会议的通知时间、议案内容等事项，会议的召开符合《中华人民共和国公司法》 《中华人民共和国证券法》等法律法规及《盛美半导体设备（上海）股份有限公 司章程》《盛美半导体设备（上海）股份有限公司监事会议事规则》的相关规定， 合法有效。 二、监事会会议审议情况 （一）审议通过了《关于调整回购股份价格上限的议案》 表决情况：3 票赞成，占全体监事人数的 100%；0 票弃权；0 票反对。 特此公告。 盛美半导体设备（上海 ...

Summary of the Conference Call for 盛美上海 Company Overview - **Company**: 盛美上海 (Shengmei Shanghai) - **Industry**: Semiconductor Equipment Manufacturing Key Financial Performance - **Revenue**: 2024 revenue reached 56.18 billion RMB, a year-on-year increase of 44.48% [2][3] - **Gross Profit Margin**: 48.86% [2][3] - **Net Profit**: Net profit attributable to shareholders was 11.53 billion RMB, up 26.65% year-on-year [2][3] - **Cash Flow**: Operating cash flow turned positive, reaching 12.16 billion RMB [2][3] - **Dividend**: Proposed cash dividend of 6.57 RMB per 10 shares, totaling 2.88 billion RMB [2][3] Revenue Breakdown by Product - **Cleaning Equipment**: Revenue grew 55.18% to 40.57 billion RMB, accounting for 72.22% of total revenue, driven by Ultra C B back cleaning equipment and SAPS and TEBO noise wave cleaning equipment [2][4] - **Electroplating Equipment**: Revenue increased 20.97% to 11.37 billion RMB, making up 20.24% of total revenue [2][4] - **Atomic Layer Deposition (ALD) Equipment**: Achieved process validation from two semiconductor customers in mainland China in Q4 [2][4] - **Advanced Packaging and Other Equipment**: Revenue rose 26.85% to 4.23 billion RMB, representing 7.54% of total revenue [2][4] Operational Developments - **New Manufacturing Center**: The semiconductor equipment R&D and manufacturing center in Shanghai Lingang was completed and partially operational as of October 2024, with full capacity expected by June 2025 [5][6] - **Facility Upgrades**: The new cleanroom of 2,300 square meters is anticipated to accelerate new product development and enhance customer demonstration capabilities [5][6] Future Outlook - **2025 Revenue Projection**: Expected revenue for 2025 is between 65 billion to 70 billion RMB, based on business trends and current orders [3][7] - **Product Development**: The company is focusing on original innovation and differentiated technology to meet the increasing standards of semiconductor manufacturers [7][12] - **Market Expansion**: Plans to strengthen collaborations with clients in the US, Europe, South Korea, Singapore, and Taiwan [7][12] Research and Innovation - **Patent Applications**: 311 patents were filed in 2024, a 89.63% increase year-on-year, with a total of 1,526 applications and 470 granted patents [3][10] - **New Product Launches**: Introduced innovative cleaning equipment and received the Technology Enabled Award from the 3D Insight Association [10] Strategic Initiatives - **Headquarters Relocation**: The headquarters moved to Guochuang Center, enhancing employee work environment and infrastructure [11] - **Operational Efficiency**: The establishment of two major bases is expected to improve operational efficiency and market responsiveness [11][12] Industry Context - **Market Demand**: The semiconductor equipment industry is poised for growth due to increasing demand from downstream sectors such as 5G, computing, consumer electronics, and emerging fields like IoT and AI [12][13]