证券代码：688126 证券简称：沪硅产业 公告编号：2025-050 一、 召开会议的基本情况 上海硅产业集团股份有限公司 关于召开2025年第四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） 股东大会类型和届次 2025年第四次临时股东大会 召开日期时间：2025 年 8 月 28 日 13 点 30 分 召开地点：上海市嘉定区新徕路 200 号一楼会议室 （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 8 月 28 日 至2025 年 8 月 28 日 网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 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 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联 股东大会召开日期：2025年8月28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 ...

Core Viewpoint - The company reported a significant increase in revenue for the first half of 2022, driven by strong demand in the semiconductor sector and increased production capacity, despite a notable decline in net profit attributable to shareholders [1][3]. Financial Performance - The company achieved an operating revenue of 165 million yuan, representing a year-on-year increase of 46.62% [2][3]. - The net profit attributable to shareholders was 55.06 million yuan, a decrease of 47.71% compared to the previous year [2][4]. - The net profit after deducting non-recurring gains and losses was 25.12 million yuan, compared to a loss of 76.53 million yuan in the same period last year [2][3]. - The net cash flow from operating activities was 184.36 million yuan, showing a substantial increase of 234.29% year-on-year [2][3]. Earnings and Ratios - Basic earnings per share were 0.021 yuan, down 50% from the previous year [2][3]. - The weighted average return on equity was 0.42%, a decrease of 0.67 percentage points year-on-year [2][3]. - Research and development expenses accounted for 5.58% of operating revenue, an increase of 0.83 percentage points compared to the previous year [3]. Market and Operational Insights - The increase in revenue was attributed to sustained demand for semiconductor products and a significant rise in sales of 300mm semiconductor silicon wafers [4]. - The decline in net profit was influenced by the fair value fluctuations of investments in the semiconductor industry and government subsidies, which resulted in a reduction of 50.23 million yuan compared to the previous year [4].

Investment Rating - The report rates the chemical industry as "Outperform" [2] Core Views - The report highlights the impact of fluctuating international oil prices and the recent price changes in titanium dioxide and refrigerants, suggesting a focus on mid-year earnings reports and the influence of supply-side factors in related sub-industries [2][3][11] - It emphasizes the importance of self-sufficiency in electronic materials companies and the stability of dividend policies in energy enterprises [11] Summary by Sections Industry Dynamics - In the week of August 4-10, 2025, among 100 tracked chemical products, 18 saw price increases, 39 experienced declines, and 43 remained stable. 38% of products had month-on-month price increases, while 56% saw decreases [10][31] - International oil prices fell, with WTI crude oil closing at $63.88 per barrel, down 5.12% for the week, and Brent crude at $66.59 per barrel, down 4.42% [10][32] - Titanium dioxide prices decreased to an average of 13,302 RMB/ton, down 1.10% from the previous week, with a year-to-date decline of 7.24% [10][33] - Refrigerant prices increased, with R32 averaging 56,500 RMB/ton, up 2.73% week-on-week and 31.40% year-to-date [10] Investment Recommendations - The report suggests focusing on mid-year earnings, the impact of "anti-involution" on supply in related sub-industries, and the importance of self-sufficiency in electronic materials [11] - Long-term investment themes include the sustained high demand in the oil and gas extraction sector, the rapid development of downstream industries, and the potential for recovery in demand supported by policy [11] - Recommended stocks include China Petroleum, China Oilfield Services, and several technology and chemical companies [11] Key Stocks for August - The report identifies Satellite Chemical and Anji Technology as key stocks for August, highlighting their strong performance and growth potential [12][18]

Core Viewpoint - Xi'an Yiswei Material Technology Co., Ltd. is the first unprofitable company to apply for an IPO on the Sci-Tech Innovation Board, facing scrutiny due to continuous losses and control issues, making its IPO journey a high-stakes game of capital and risk [2][5][11]. Group 1: Company Overview - Xi'an Yiswei focuses on the research, production, and sales of 12-inch silicon wafers, ranking first in mainland China and sixth globally in terms of average monthly shipment and production capacity by the end of 2024, accounting for approximately 6% and 7% of the global market, respectively [2][5]. - The company's products are utilized in various types of chips, including NAND Flash, DRAM, and logic chips, which are essential for smart devices such as smartphones, personal computers, and data centers [2]. Group 2: Financial Performance - From 2021 to 2024, the company's revenue surged from 207 million to 2.121 billion, a tenfold increase, while net losses expanded from 521 million to 738 million, totaling over 2.465 billion in cumulative losses over four years [5][6]. - As of December 31, 2024, the total assets are approximately 1.742 billion, with a debt ratio of 51.13% for consolidated statements, indicating a significant financial burden [6]. Group 3: IPO and Fundraising - The IPO fundraising project is solely focused on the second phase of the Xi'an Yiswei silicon industry base, with a total investment of 12.544 billion and intended fundraising of 4.9 billion, aimed at expanding production capacity and enhancing technological strength [3][4]. - The company anticipates that the raised funds will facilitate capacity expansion, product diversification, and international market penetration [3]. Group 4: Profitability Concerns - The company has faced challenges in achieving profitability, with the market questioning when it will turn a profit, as management projects profitability by 2027 based on optimistic assumptions regarding shipment volumes and pricing [11][14]. - The gross profit margins have been significantly lower than industry peers, with margins of 9.85%, 0.66%, and 5.49% from 2022 to 2024, indicating a competitive disadvantage [7][9]. Group 5: Control and Governance Issues - The company's control structure is fragmented, with the largest shareholder holding only 12.73% of the shares, raising concerns about the stability of control post-IPO [15][18]. - The actual controllers of the company have a combined ownership of only 25.68%, leading to questions about decision-making effectiveness and potential risks associated with control dilution [20][24].

Core Viewpoint - Shanghai Silicon Industry Group Co., Ltd. is seeking to acquire minority stakes in three semiconductor technology companies through a combination of share issuance and cash payment, while also raising supporting funds [1][2]. Group 1 - The company has received an inquiry letter regarding its application for the acquisition and fundraising, which requires a response within one month [1]. - Due to the need for further verification of certain matters mentioned in the inquiry letter, the company has applied for a one-month extension to respond [2]. - The transaction is subject to approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission, introducing uncertainty regarding the approval timeline [2].

2025 年 7 月 8 日，公司收到上海证券交易所（以下简称"上交所"）下发的 《关于上海硅产业集团股份有限公司发行股份及支付现金购买资产并募集配套 资金申请的审核问询函》（上证科审（并购重组）〔2025〕22 号）（以下简称"《审 核问询函》"）。根据《审核问询函》的要求，公司回复审核问询的时间总计不得 超过 1 个月。如难以在前述时间内回复的，可以按照《上海证券交易所上市公司 重大资产重组审核规则》的规定，向上交所申请延期一次，时间不得超过 1 个月。 公司在收到《审核问询函》后，立即组织本次交易相关中介机构进行了逐项 核实和答复。鉴于《审核问询函》涉及的部分事项还需进一步落实，预计无法在 1 个月内向上交所提交完整的书面回复及相关文件。为切实稳妥做好《审核问询 函》回复等相关工作，经与本次交易的各方及有关中介机构审慎协商，公司已向 上交所提交延期回复的书面申请，申请自《审核问询函》回复届满之日起预计延 期不超过 1 个月提交《审核问询函》回复等相关文件并及时履行信息披露义务。 本次交易尚需经上交所审核通过、中国证券监督管理委员会同意注册后方可 实施。本次交易能否取得上述批准和注册，以及最终取得批准和注 ...

Core Points - The China Securities Index for State-Owned Enterprises in Strategic Emerging Industries has shown significant growth, with a 13.15% increase over the past month and a 21.86% increase over the past three months [1][2] - The index is designed by China Chengtong Holdings Group and includes 50 state-owned enterprises with high growth potential, reflecting the overall performance of representative state-owned companies in strategic emerging industries [1][2] Group 1: Index Performance - The index opened lower but closed higher, with a current value of 1634.48 points and a trading volume of 35.992 billion yuan [1] - Year-to-date, the index has increased by 15.73% [1] Group 2: Index Composition - The top ten holdings in the index include Northern Rare Earth (12.33%), BOE Technology Group (8.71%), and Shengyi Technology (6.52%) [1] - The index is primarily composed of companies listed on the Shanghai Stock Exchange (60.32%), followed by the Shenzhen Stock Exchange (39.53%) and a minimal presence on the Beijing Stock Exchange (0.15%) [1] Group 3: Sector Allocation - The sector allocation of the index shows that Information Technology comprises 39.21%, followed by Industrial (30.22%) and Materials (23.11%) [2] - Other sectors include Communication Services (3.27%), Healthcare (2.49%), Consumer Staples (1.37%), and Utilities (0.32%) [2] Group 4: Index Adjustment Mechanism - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2] - In special circumstances, the index may undergo temporary adjustments, such as removing companies that are delisted or involved in mergers and acquisitions [2]

Group 1 - The core point of the article highlights the performance of the Sci-Tech Chip ETF (588290), which opened with a decline of 0.71% at 1.548 yuan on August 4 [1] - The major holdings of the Sci-Tech Chip ETF include companies such as SMIC, Haiguang Information, and Cambrian, with varying performance; for instance, SMIC fell by 0.39%, while Chipone rose by 0.55% [1] - The fund's performance benchmark is the Shanghai Stock Exchange Sci-Tech Board Chip Index, managed by Huaan Fund Management Co., with a return of 55.77% since its inception on September 30, 2022, and a return of 3.75% over the past month [1]

Core Viewpoint - The Shanghai Silicon Industry Group Co., Ltd. is holding its third extraordinary general meeting of shareholders in 2025 to discuss key proposals including the restructuring of the board of directors and the cancellation of the supervisory board [1][6]. Meeting Procedures - The meeting will ensure the rights of shareholders and maintain order, allowing only authorized personnel to enter the venue [1][2]. - Shareholders must sign in 30 minutes before the meeting and present necessary documentation to participate [2]. - The meeting will follow a specific agenda for reviewing and voting on proposals [2][6]. Proposals Overview - Proposal One: The company plans to cancel the supervisory board and amend its articles of association in accordance with the revised Company Law and relevant regulations [6][8]. - Proposal Two: The company intends to revise certain internal governance systems to align with updated legal requirements [8]. - Proposal Three: The company will nominate candidates for the third board of directors, including non-independent directors [9][10]. - Proposal Four: The company will also nominate candidates for independent directors for the third board of directors [10]. Voting and Legal Oversight - Voting will be conducted both on-site and online, with specific time frames for each method [4][5]. - A lawyer will be present to witness the meeting and provide legal opinions [5]. Candidate Profiles - Non-independent director candidates include individuals with extensive experience in management and finance, such as Jiang Haitao and Xu Yiting [11][12]. - Independent director candidates include professionals with academic and industry backgrounds, such as Xia Hongliu and Sun Qingqing [14][15].

证券代码：688126 证券简称：沪硅产业 公告编号：2025-047 上海硅产业集团股份有限公司 关于召开2025年第三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： （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 网络投票起止时间：自2025 年 8 月 15 日 至2025 年 8 月 15 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 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 8 月 15 日 14 点 00 分 召开地点：上海市嘉定区新徕路 200 号一楼会议室 （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 ...