中信证券股份有限公司 关于华海清科股份有限公司 股东向特定机构投资者询价转让股份的核查报告 上海证券交易所： 中信证券股份有限公司（以下简称"中信证券"或"组织券商"）受委托担任清津 厚德（济南）科技合伙企业（有限合伙）、宁波清津立德企业管理合伙企业（有限合伙） （以下合称"转让方"）以向特定机构投资者询价转让（以下简称"询价转让"）方式 减持所持有的华海清科股份有限公司（以下简称"公司"或"华海清科"）首次公开发 行前已发行股份的组织券商。 经核查，中信证券就本次询价转让的股东、受让方是否符合《上海证券交易所科创 板上市公司自律监管指引第 4 号——询价转让和配售（2025 年 3 月修订）》（以下简 称"《询价转让和配售指引》"）要求，本次询价转让的询价、转让过程与结果是否公 平、公正，是否符合《询价转让和配售指引》的规定作出如下报告说明。 一、本次询价转让概况 （一）本次询价转让转让方 | 转让股东名称 | 转让股份数 | 占总股 | 占所持股 | 转让股份来 | | --- | --- | --- | --- | --- | | | 量（股） | 本比例 | 份比例 | 源 | | 清津厚德（济南）科 ...

Core Viewpoint - The company reported strong revenue growth in the first half of 2025, driven by advancements in the semiconductor equipment market and competitive advantages in its products [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 1.95 billion yuan, a year-on-year increase of 30.28% - The net profit attributable to shareholders was 505 million yuan, up 16.82% year-on-year - The non-recurring net profit reached 460 million yuan, reflecting a year-on-year growth of 25.02% - In Q2 2025, revenue was 1.037 billion yuan, showing a year-on-year increase of 27.05% and a quarter-on-quarter increase of 13.65% [1][2]. Profitability Analysis - The gross margin for H1 2025 was 46.08%, a decrease of 0.21 percentage points year-on-year - The net profit margin was 25.92%, down 2.99 percentage points year-on-year - The decline in profitability was attributed to higher employee compensation and acquisition-related expenses, which outpaced revenue growth [2]. Product Development and Market Position - The company has seen a significant increase in new CMP orders, particularly in advanced packaging - The Universal-H300 CMP machine has received bulk orders and is being shipped at scale - The company has a strong market share in 12/8-inch CMP equipment among leading domestic clients [3]. - The Versatile-GP300 wafer thinning machine has seen a substantial increase in orders, and the Versatile-GM300 has achieved bulk shipments [3]. Capacity Expansion and Strategic Initiatives - The company has officially launched its Beijing facility, gradually releasing capacity for core equipment - The expansion project in Kunshan aims to increase wafer regeneration capacity to 400,000 pieces per month, with an initial phase of 200,000 pieces per month [4]. - The company is enhancing its product line and expanding its market reach through strategic capacity planning [4]. Future Outlook - The company maintains a "buy" rating, anticipating continued benefits from the expansion of advanced packaging in the semiconductor industry - Projected net profits for 2025, 2026, and 2027 are 1.347 billion yuan, 1.724 billion yuan, and 2.120 billion yuan, respectively, with corresponding EPS of 3.81 yuan, 4.88 yuan, and 6.00 yuan [4].

Group 1 - The core viewpoint of the news is that Huahai Qingke's stock has shown a significant upward trend, with a cumulative increase of 10.65% over four consecutive days, reaching a price of 130.57 yuan per share and a market capitalization of 46.144 billion yuan [1] - Huahai Qingke, established on April 10, 2013, specializes in the research, production, sales, and technical services of semiconductor equipment, with 87.70% of its revenue coming from CMP/thinning equipment sales [1] - The trading volume for Huahai Qingke on the reporting date was 2.05 billion yuan, with a turnover rate of 4.38% [1] Group 2 - According to data, one fund under China Europe Fund has a significant holding in Huahai Qingke, specifically the China Europe Vision Active Pension Target Five-Year Holding Mixed Fund (FOF) A, which held 10,600 shares, accounting for 1.36% of the fund's net value [2] - The fund has achieved a year-to-date return of 17.14% and a one-year return of 48.12%, ranking 408 out of 1,049 and 197 out of 1,010 in its category, respectively [2] - The fund manager, Deng Da, has been in position for 3 years and 188 days, with the fund's total asset size at 7.113 billion yuan [2]

Group 1: Core Views on Domestic Computing Power Chips - The domestic computing power chip market is expected to grow rapidly as Chinese tech companies halt purchases of NVIDIA AI chips and terminate existing orders, leading to an increase in market share for domestic chips [1] - Huawei announced a three-year roadmap for its Ascend AI chips, planning to launch four new products from 2026 to 2028, including self-developed HBM technology [1] Group 2: Expansion of Advanced Process Technology - Domestic advanced logic production is exceeding expectations, and a new iteration cycle in storage technology is anticipated next year, benefiting domestic equipment manufacturers [2] - The establishment of Changxin Storage and the initiation of its IPO process are positive indicators for the domestic advanced process sector [2] Group 3: High-End SoC Testing Machine Market - The complexity of SoC chips increases testing difficulty, creating a significant market for high-end testing machines, with domestic companies like Huafeng Measurement and Changchuan Technology actively developing solutions [3] Group 4: Advanced Packaging Requirements for Computing Chips - The shift from NVIDIA's dominance in training cards to domestic alternatives is expected, with domestic companies benefiting from advanced packaging supply chains [4] - Investment opportunities identified in various sectors, including front-end processing, back-end packaging, advanced packaging, and silicon photonics equipment [4]

Core Viewpoint - The Sci-Tech Chip ETF Fund (588290) opened at a decline of 0.88%, priced at 2.263 yuan, reflecting the current market performance of the semiconductor sector [1] Group 1: Fund Performance - The fund's benchmark is the Shanghai Stock Exchange Sci-Tech Board Chip Index return rate [1] - Since its establishment on September 30, 2022, the fund has achieved a return of 123.78% [1] - The fund's return over the past month is reported at 27.55% [1] Group 2: Major Holdings - Key stocks in the fund include: - SMIC (Semiconductor Manufacturing International Corporation) opened with a gain of 0.70% [1] - Haiguang Information increased by 1.71% [1] - Cambrian (寒武纪) decreased by 2.04% [1] - Lattice Technology (澜起科技) rose by 2.66% [1] - Zhongwei Company (中微公司) saw an increase of 4.94% [1] - Chipone Technology (芯原股份) gained 0.57% [1] - Hu Silicon Industry (沪硅产业) increased by 0.28% [1] - Hengxuan Technology (恒玄科技) fell by 0.34% [1] - Sitaiwei (思特威) remained unchanged [1] - Huahai Qingke (华海清科) rose by 0.14% [1]

Group 1 - The core viewpoint of the article highlights the performance of the Southern Science and Technology Chip ETF (588890), which opened with a slight increase of 0.08% at 2.590 yuan [1] - The major holdings of the ETF include companies such as SMIC, which rose by 0.70%, and Huada Semiconductor, which increased by 1.71%, while Cambrian Technology saw a decline of 2.04% [1] - The ETF's performance benchmark is the Shanghai Stock Exchange Science and Technology Innovation Board Chip Index, managed by Southern Fund Management Co., Ltd., with a return of 157.29% since its establishment on April 15, 2024, and a monthly return of 27.99% [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688120 证券简称：华海清科 公告编号：2025-063 华海清科股份有限公司关于以集中竞价交易方式回购股份的回购报告书 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。 重要内容提示： ●回购股份金额：不低于人民币5,000万元（含），不超过人民币10,000万元（含） ●回购股份资金来源：华海清科股份有限公司（以下简称"公司"）超募资金和自有资金 ●回购股份用途：本次回购的股份将用于股权激励或员工持股计划，或用于转换上市公司发行的可转换 为股票的公司债券，若公司未能在股份回购实施结果暨股份变动公告日后3年内使用完毕已回购股份， 尚未使用的已回购股份将予以注销 ●回购股份价格：不超过人民币173.00元/股（含），该价格未超过公司董事会审议通过相关决议前30个 交易日公司股票交易均价的150% ●回购股份方式：集中竞价交易方式 ●回购股份期限：自公司股东大会审议通过本次回购股份方案之日起12个月 ●相关股东是否存在减持计划： 1、持股5%以上股东清津厚德（济南 ...

Investment Rating - The report maintains an "Overweight" rating for the semiconductor equipment industry, indicating a positive outlook for the sector [1]. Core Insights - The development of domestic computing power chips is gaining attention, with significant benefits expected for domestic equipment manufacturers. Huawei announced a three-year roadmap for its Ascend AI chips, aiming to release four new products between 2026 and 2028, which is expected to enhance the market share of domestic computing power chips [4]. - Domestic advanced process expansion is exceeding expectations, which is favorable for local equipment manufacturers. The report highlights the establishment of Changxin Storage and the anticipated new iteration cycle in memory technology [4]. - The high-end SoC testing machine market presents significant opportunities, with domestic companies like Huafeng Measurement and Changchuan Technology actively working on SoC testing machines to meet the high demands of testing [4]. - The demand for advanced packaging in computing power chips is expected to benefit equipment manufacturers, as domestic supply chains are anticipated to shift towards local advanced packaging suppliers [4]. - Investment recommendations include companies involved in front-end processes such as North Huachuang and Zhongke Feimeng, as well as back-end packaging firms like Huafeng Measurement and Changchuan Technology [4].

证券代码：688120 证券简称：华海清科 公告编号：2025-063 华海清科股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 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。 重要内容提示： ●回购股份金额：不低于人民币 5,000 万元（含），不超过人民币 10,000 万 元（含） ●回购股份资金来源：华海清科股份有限公司（以下简称"公司"）超募资金 和自有资金 ●回购股份用途：本次回购的股份将用于股权激励或员工持股计划，或用于 转换上市公司发行的可转换为股票的公司债券，若公司未能在股份回购实施结果 暨股份变动公告日后 3 年内使用完毕已回购股份，尚未使用的已回购股份将予以 注销 ●回购股份价格：不超过人民币 173.00 元/股（含），该价格未超过公司董事 会审议通过相关决议前 30 个交易日公司股票交易均价的 150% ●回购股份方式：集中竞价交易方式 ●回购股份期限：自公司股东大会审议通过本次回购股份方案之日起 12 个月 ●相关股东是否存在减持计划： 1、持股 5%以上股东清津厚德（济南）科技合伙企业 ...

国泰海通证券股份有限公司 关于华海清科股份有限公司 使用部分超募资金以集中竞价交易方式回购股份的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 华海清科股份有限公司（以下简称"华海清科"或"公司"）首次公开发行股票 并在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公 司股份回购规则》《上海证券交易所科创板股票上市规则》《上海证券交易所科 创板上市公司自律监管指引第 1 号——规范运作》《上海证券交易所上市公司自 律监管指引第 7 号——回购股份》及《上市公司募集资金监管规则》等有关规定， 对华海清科拟使用部分超募资金回购股份的事项进行了审慎核查，并出具本核查 意见。核查情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2022 年 4 月 27 日出具的《关于同意华海清科股份有限公司首次公开发行股票注册的批复》（证 监许可[2022]890 号），公司获准向社会公开发行人民币普通股 2,666.67 万股，发 行价格为人民币 136.66 元/股，募集资金总额为 364,427.12 万元，扣除发行费用 15,436.6 ...