Investment Rating - The report maintains a "Recommended" rating for the company [1][6] Core Insights - The company achieved a record high revenue of 24.52 billion yuan in the first three quarters of 2024, representing a year-on-year growth of 33.22%. The net profit attributable to shareholders was 7.21 billion yuan, up 27.80% year-on-year [3][6] - The demand in emerging application fields has significantly increased, leading to a continuous improvement in the company's gross margin. The gross margin for Q3 was 45.08%, with a net margin of 30.16% [3][6] - The company is actively advancing the development of new products and technologies, enhancing its market competitiveness. New product launches include the Universal H300 CMP machine and the Versatile-GM300 wafer thinning machine [4][5][6] Financial Summary - For the first three quarters of 2024, the company reported a revenue of 24.52 billion yuan and a net profit of 7.21 billion yuan, with a non-recurring net profit of 6.15 billion yuan [3] - The company expects to achieve revenues of 34.88 billion yuan in 2024, with net profits projected at 10.09 billion yuan, reflecting a growth trajectory [6][10] - The earnings per share (EPS) are forecasted to be 4.26 yuan for 2024, 5.38 yuan for 2025, and 6.71 yuan for 2026, with corresponding price-to-earnings (P/E) ratios of 43.4X, 34.4X, and 27.6X respectively [6][10]

Investment Rating - The report maintains a "Buy" rating for the company [5][4]. Core Views - Q3 performance slightly exceeded expectations, with accelerated equipment acceptance and steady progress in platform layout [4]. - The company is enhancing its capacity layout and accelerating the localization of components [4]. Financial Summary - Revenue for 2022 was 1,649 million, projected to grow to 2,508 million in 2023, and reach 5,981 million by 2026, reflecting a growth rate of 104.9% in 2022 and 52.1% in 2023 [3]. - Net profit attributable to the parent company was 502 million in 2022, expected to rise to 724 million in 2023 and 1,677 million by 2026, with a growth rate of 153.0% in 2022 and 44.3% in 2023 [3]. - The earnings per share (EPS) is projected to be 2.12 in 2022, increasing to 3.06 in 2023 and 7.08 by 2026 [3]. - The return on equity (ROE) is expected to improve from 10.5% in 2022 to 17.9% by 2026 [3]. Performance Highlights - For Q1-Q3 2024, the company achieved revenue of 2,452 million, a year-on-year increase of 33.22%, and a net profit of 721 million, up 27.8% [4]. - In Q3 2024 alone, revenue reached 955 million, marking a 57.63% increase, with net profit at 288 million, up 51.74% [4]. - The gross margin for Q1-Q3 2024 was 45.82%, with a net margin of 29.4% [4]. Equipment and Product Development - The company is advancing its CMP equipment, with the Universal H300 achieving small batch shipments in the first half of 2024 [4]. - The Versatile-GP300 thinning equipment has secured multiple orders from leading front-end fabs, while the Versatile-GM300 is being validated at domestic packaging testing facilities [4]. - New cutting equipment for advanced packaging has been sent to multiple clients for validation [4]. Capacity and Localization Efforts - The Beijing and Tianjin bases are expected to complete construction by the end of 2024, enhancing CMP, thinning, and cleaning equipment capacity [4]. - The company is investing 1.698 billion in a new base in Shanghai Lingang [4]. - Localization efforts have progressed, with key components like the spindle and multi-hole suction cups reaching mass production conditions [4].

《科创板日报》10月29日讯（记者 吴旭光） 10月29日晚间，CMP半导体设备供应商华海清科公布2024 年三季报。 该公司前三季度实现营业收入24.52亿元，同比增长33.2%；完成归母净利润7.21亿元，同比增长27.8% ；扣非归母净利润6.15亿元，同比增长33.8%；经营现金流净额为8.76亿元，同比增长136.1%。 今年第三季度，该公司实现营收为9.55亿元，同比增长57.6%；归母净利润2.88亿元，同比增长51.7%； 扣非归母净利润2.46亿元，同比增长62.4%。 截至三季度末，该公司总资产109.38亿元，较上年度末增长20.0%；归母净资产为61.65亿元，较上年度 末增长11.7%。 对于营业收入增长，华海清科表示，主要系该公司把握住了集成电路产业需求拉动所带来的市场机遇， 加大研发投入，其CMP产品作为集成电路前道制造的关键工艺装备之一，市场占有率不断提高 。 "随着公司CMP产品的市场保有量扩大，关键耗材与维保服务等业务规模逐步放量，同时晶圆再生及湿 法装备收入逐步增加，公司营业收入较同期增长。"华海清科进一步表示。 2024年前三季度，该公司毛利率为45.82%，同比下降0 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥955,024,737.35, representing a year-on-year increase of 57.63%[2] - Net profit attributable to shareholders for Q3 2024 was ¥288,051,469.58, up 51.74% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥246,428,215.86, reflecting a 62.36% increase year-on-year[2] - Basic and diluted earnings per share for Q3 2024 were both ¥3.04, compared to ¥2.38 in Q3 2023, representing a 27.5% increase[16] - The total comprehensive income for Q3 2024 reached approximately ¥718.94 million, up from ¥571.87 million in the same period last year, reflecting a growth of 25.7%[16] - Net profit for the first three quarters of 2024 was ¥720,702,833.04, representing a 27.8% increase from ¥563,929,246.56 in the same period of 2023[15] Research and Development - The total R&D investment for Q3 2024 amounted to ¥87,870,692.50, which is a 17.10% increase compared to the same period last year[2] - Research and development expenses for the first three quarters of 2024 amounted to ¥255,510,813.74, an increase of 19.5% compared to ¥213,746,113.75 in 2023[15] - The ratio of R&D investment to operating revenue decreased to 9.20%, down 3.18 percentage points from the previous year[3] Assets and Liabilities - The total assets of the company as of the end of Q3 2024 were ¥10,938,382,805.29, a 19.97% increase from the end of the previous year[3] - The company's total assets increased to ¥10,938,382,805.29 in Q3 2024, up from ¥9,117,359,632.14 in Q3 2023, reflecting a growth of 19.9%[14] - Total liabilities as of Q3 2024 were ¥4,773,492,450.28, compared to ¥3,599,623,655.77 in Q3 2023, marking an increase of 32.6%[14] - The company's equity attributable to shareholders reached ¥6,164,890,355.01 in Q3 2024, up from ¥5,517,735,976.37 in Q3 2023, indicating a growth of 11.7%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period increased by 136.06% year-on-year, totaling ¥876,222,630.75[2] - Cash inflow from operating activities for the first three quarters of 2024 was approximately ¥3.17 billion, a significant increase from ¥2.09 billion in the same period of 2023[17] - The net cash flow from operating activities for Q3 2024 was approximately ¥876.22 million, compared to ¥371.19 million in Q3 2023, indicating a growth of 136.3%[17] - The cash outflow from investing activities in Q3 2024 was approximately ¥4.99 billion, slightly higher than ¥4.96 billion in Q3 2023, resulting in a net cash outflow of approximately ¥559.23 million[18] - The cash flow from financing activities in Q3 2024 showed a net outflow of approximately ¥331.36 million, compared to a net inflow of approximately ¥420.98 million in Q3 2023[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,254, with the largest shareholder, Qingkong Chuangye Investment Co., Ltd., holding 66,752,273 shares, representing 28.20% of the total shares[7] - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[11] Market and Operational Status - The company has expanded its market share in the integrated circuit industry, leading to increased revenue from key products and services[6] - The company has not disclosed any new product launches or technological developments during this reporting period[9] - The company has not announced any new market expansion or acquisition strategies in this quarter[9] - There are no other important reminders regarding the company's operational status during the reporting period[12] Inventory and Receivables - Accounts receivable increased to RMB 682.78 million from RMB 477.20 million, reflecting a growth of approximately 43% year-over-year[12] - Inventory surged to RMB 3.31 billion, up from RMB 2.42 billion, indicating a year-over-year increase of about 37%[12] - The total current assets reached RMB 9.06 billion, compared to RMB 7.69 billion at the end of 2023, marking an increase of approximately 17%[12] - The company reported a significant increase in trading financial assets, rising to RMB 2.22 billion from RMB 2.02 billion, which is an increase of about 10%[12]

重要内容提示： 证券代码：688120 证券简称：华海清科 公告编号：2024-055 华海清科股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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。 （二）会议召开地点：上证路演中心 （三）会议召开方式：上证路演中心网络互动 会议召开地点： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 10 月 23 日（星期三）至 10 月 29 日（星期二）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@hwatsing.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。 华海清科股份有限公司（以下简称"公司"）将于 2024 年 10 月 30 日在上 海证券交易所网站（www.sse.com.cn）披露公司《2024 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 202 ...

证券代码：688120 证券简称：华海清科 公告编号：2024-054 华海清科股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/3/5，由董事长路新春先生提议 | | --- | --- | | 回购方案实施期限 | 待股东大会审议通过后 12 个月 | | 预计回购金额 | 5,000 万元~10,000 万元 | | 回购用途 | 用于员工持股计划或股权激励、用于转换公司可转债 | | 累计已回购股数 | 396,160 股 | | 累计已回购股数占总股本比例 | 0.17% | | 累计已回购金额 | 5,990.17 万元 | | 实际回购价格区间 | 124.59 元/股~179.00 元/股 | 注：1、因华海清科股份有限公司（以下简称"公司"）实施 2023 年年度权益 分派事项，本次以集中竞价交易方式回购股份价格上限由不超过 260.00 元/股（含） 调整为不超过 174.19 元/股（含），本次 ...

公司基本资讯 产业别 食品饮料 A 股价(2024/9/23) 118.67 深证成指(2024/9/23) 2748.92 股价 12 个月高/低 152.85/97.21 总发行股数(百万) 236.72 A 股数(百万) 169.97 A 市值(亿元) 201.71 主要股东 清控创业投资 有限公司 (28.19%) 每股净值(元) 24.84 股价/账面净值 4.78 一个月 三个月 一年 股价涨跌(%) -6.4 -2.2 -4.2 2024 年 9 月 24 日 朱吉翔 C0044@capital.com.tw 目标价 150 元 近期评等 出刊日期 前日收盘 评等 产品组合 半导体设备 91% 配套材料及服务 9% 机构投资者占流通 A 股比例 基金 一般法人 股价相对大盘走势 C o m p a n y U p d a t e C h i n a R e s e a r c h D e p t . 华海清科 (688120.SH) BUY 买进 减薄设备业务持续突破，国产设备需求旺盛 结论与建议： 公司近日宣布首台减薄贴膜一体机 GM300 已经完成国内头部封测企业验 证，标志着公司减薄设备产 ...

来源：公司年报、国金证券研究所 买入(维持评级) 公司点评 证券研究报告 电子组 分析师：樊志远（执业S1130518070003）fanzhiyuan@gjzq.com.cn 事件简评 2024 年 9 月 19 日公司发布公告，12 英寸超精密晶圆减薄机 Versatile-GP300 完成首台验证工作，该机台验收通过标志着 12 英寸超精密晶圆减薄机性能获得客户认可，满足客户批量化生产 需求，将有助于巩固和提升公司的核心竞争力，对公司未来的发展 将产生积极的影响。 经营分析 减薄设备验收通过，平台化布局已形成。公司 2023 年推出了新一 代 12 英寸超精密晶圆减薄机 Versatile-GP300 量产机台，目前该 机型持续发往存储、先进封装、CIS 等不同工艺的客户端进行验证。 近日，公司 12 英寸超精密晶圆减薄机 Versatile-GP300 完成首台 验证工作，代表公司在先进工艺领域，突破了传统减薄机的精度限 制，得到了客户认可，后续放量可期。 "装备+服务"模式构建成长护城河，看好公司长期发展。公司着 重"装备+服务"的平台化战略布局，业务包括 CMP 装备、减薄装 备、划切装备、湿法装 ...

证券代码：688120 证券简称：华海清科 公告编号：2024-053 华海清科股份有限公司 关于 12 英寸超精密晶圆减薄机完成首台验证的自愿 性披露公告 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。 该验收机台应用于客户先进工艺，突破了传统减薄机的精度限制，实现了减 薄工艺全过程的稳定可控，核心技术指标达到了国内领先和国际先进水平，在客 户端表现优异，获得客户高度认可。 二、超精密晶圆减薄机验收对公司的影响 Versatile-GP300 首台验收通过标志着其性能获得客户认可，满足客户批量 化生产需求，有助于推进该机型在不同客户不同工艺的生产线进一步验证，完善 技术指标，为后续取得批量订单打下坚实基础；同时随着 HBM 等先进封装技术的 应用，将大幅提升市场对减薄装备的需求，将有助于巩固和提升公司的核心竞争 力，对公司未来的发展将产生积极的影响。 三、相关风险提示 重要内容提示 近日，华海清科股份有限公司（以下简称"公司"）12 英寸超精密晶圆减 薄机 Versatile-GP300 完成首台验证工作。 该机台验收通 ...

证券代码：688120 证券简称：华海清科 华海清科股份有限公司投资者关系活动记录表 编号：2024-03 | --- | --- | --- | |--------------|---------------------------|----------------------------------------------------| | | | | | | £ 特定对象调研 | £ 分析师会议 | | 投资者关系活 | £ 媒体采访 | 业绩说明会 | | 动类别 | £ 新闻发布会 £ | 路演活动 | | | £ 现场参观 £ | 其他 | | 参与单位名称 | 网络远程参加 2024 | 年度天津辖区上市公司半年报业绩说明会 | | | | 暨投资者网上集体接待日活动的投资者 | | 时间 | | 2024 年 9 月 3 日 | | 地点 | | 全景路演网站（http://rs.p5w.net） | | | 董事长、首席科学家 路新春 | | | 上市公司接待 | 独立董事 李 全 | | | 人员姓名 | | 董事、副总经理、董事会秘书 王同庆 | | | 财务总监 王怀需 | | | 投 ...