2月25日，科创芯片下探回升，全"芯"科创芯片ETF华宝（589190）早盘自水下拉起，场内价格一度上 涨1.45%，午后维持红盘震荡，收涨0.83%。成份股中，半导体材料与设备方向涨幅居前，有研硅20CM 涨停，中船特气、富创精密两位数涨幅，拓荆科技涨近10%，上海合晶、沪硅产业超5%，华海清科、 芯源微、中微公司等涨幅居前。 | 分时 | | 8日 1分 5分 15分 * | | | | F9 盘前盘后 叠加 九砖 画线 工具 @ 2 > | | 科创芯片ETF华宝 O | | 589190 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.98 | | | | 589190(科创芯片ETF华室) 15:00 价 0.974 涨跌 0.0080.83%) 均价 0.967 | | | | 0.974 | | +0.008 +0.83% | | 0.974 | | | | | Marrial Marker 10 | | | SSE CNY 15:00:13 闭击 | | 104 | | | | | | | | ...

格隆汇2月25日｜光大证券研报指出，受益于AI、医药、新能源等下游需求的提升，2025年中船特气电 子特种气体和三氟甲磺酸系列产品持续放量，业绩稳健增长。然而由于相关气体产品价格仍处于历史偏 低水平，公司业绩略低于此前预期。我们下调公司2025-2026年盈利预测，新增2027年盈利预测。预计 2025-2027年公司归母净利润分别为3.47（前值为3.93）/4.52（前值为4.80）/6.01亿元。公司为国内电子 特种气体行业龙头，随着终端需求的持续提升，以及公司自身产能建设的落地与释放，公司业绩有望维 持较好增速，维持"增持"评级。 ...

科创半导体ETF（588170）及其联接基金（A类：024417；C类：024418）：跟踪指数是科创板唯一的 半导体设备主题指数，其中先进封装含量在全市场中最高（约50%），聚焦于科技创新前沿的硬核设备 公司。 招商证券也指出，在价格与需求共振情况下，今年海内外存储将迎来业绩释放大年，后续市场价格趋势 和各环节公司业绩增长持续性是核心关注点，建议关注存储+设备+产业链三大核心环节相关公司。 相关ETF：半导体设备ETF华夏（562590）及其联接基金（A类：020356；C类：020357），跟踪中证半 导体材料设备主题指数，其中半导体设备的含量在全市场指数中最高（约63%），直接受益于全球芯片 涨价潮对"卖铲人"（设备商）的确定性需求。 截至11点02分，高"设备"含量的科创半导体ETF（588170）涨4.09%，半导体设备ETF华夏（562590）涨 3.50%。个股方面，有研硅上涨15.20%，富创精密上涨12.27%，拓荆科技上涨10.87%，中巨芯、中船特 气等个股跟涨。 银河证券认为，AI算力需求不减、存储芯片周期上行以及先进封装技术渗透，共同推动半导体设备需 求提振，2026年半导体设备市场 ...

截至发稿，田光远累计任职时间4年355天，现任基金资产总规模791.33亿元，任职期间最佳基金回报 168.19%， 任职期间最差基金回报-46.65%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 数据显示，嘉实基金旗下1只基金位居中船特气十大流通股东。嘉实上证科创板芯片ETF（588200）三 季度减持16.8万股，持有股数360.16万股，占流通股的比例为2.48%。根据测算，今日浮盈赚取约806.77 万元。 嘉实上证科创板芯片ETF（588200）成立日期2022年9月30日，最新规模396.58亿。今年以来收益 13.84%，同类排名454/5570；近一年收益59.66%，同类排名260/4305；成立以来收益167.16%。 嘉实上证科创板芯片ETF（588200）基金经理为田光远。 2月25日，中船特气涨5.02%，截至发稿，报46.90元/股，成交1.70亿元，换手率2.57%，总市值24 ...

2026 年 2 月 24 日 公司研究 AI 等需求拉动电子特气放量，25 年公司业绩稳健增长 ——中船特气（688146.SH）跟踪点评 增持（维持） 当前价：43.84 元 作者 分析师：赵乃迪 执业证书编号：S0930517050005 010-57378026 zhaond@ebscn.com 分析师：周家诺 执业证书编号：S0930523070007 021-52523675 zhoujianuo@ebscn.com 市场数据 | 总股本(亿股) | 5.29 | | --- | --- | | 总市值(亿元)： | 232.09 | | 一年最低/最高(元)： | 24.14/52.40 | | 近 3 月换手率： | 242.93% | 股价相对走势 -16% 4% 24% 44% 65% 02/25 05/25 08/25 11/25 中船特气 沪深300 收益表现 | % | 1M | 3M | 1Y | | --- | --- | --- | --- | | 相对 | -6.50 | 2.68 | 28.90 | | 绝对 | -7.49 | 7.45 | 46.30 | | 资料来源： ...

Investment Rating - The industry investment rating is optimistic [1] Core Insights - The industrial gas market is expected to reach 1.3 trillion yuan by 2026, with a CAGR of 6.8% over the next four years [3] - The competitive landscape is becoming more concentrated, with the top four companies holding 54% of the global market share and the top six in China holding 72% [3] - Growth drivers include increased outsourcing of gas supply, accelerated demand from sectors like semiconductors and new energy, and short-term benefits from macroeconomic recovery and gas price elasticity [3] Market Space - The global industrial gas market is valued at over 1 trillion, while the domestic market is around 200 billion [3] - The market is projected to grow to 284.2 billion yuan in China by 2026, with a CAGR of 9.68% from 2022 to 2026 [21] - The market is characterized by high concentration, with the top five companies holding approximately 69% of the market share [21] Equipment Market - The domestic air separation equipment market is valued at 34.1 billion yuan in 2022, with a growth rate of 25% year-on-year [4] - The market is expected to grow at a CAGR of 22% from 2019 to 2024, driven by larger equipment sizes and increased export demand [4] Electronic Specialty Gases - The semiconductor market is expected to remain strong, with a projected 30% year-on-year increase in global semiconductor sales by November 2025 [5] - There is significant potential for domestic electronic specialty gas manufacturers to replace imports and expand into global markets [5] Investment Recommendations - The report recommends focusing on leading companies in the industrial gas sector, such as Hangyang Co., and key players in electronic specialty gases like China Shipbuilding Gas and Guanggang Gas [6]

Investment Rating - The report does not explicitly provide an investment rating for the semiconductor materials industry Core Insights - The global semiconductor materials market is characterized by "long-term growth and cyclical fluctuations," with the market size expected to grow from $27.5 billion in 2000 to $67.47 billion by 2024, driven by the demand for advanced semiconductor materials in various high-tech applications [3][5] - China's semiconductor materials industry has made significant progress in mid-to-low-end products but still relies heavily on imports for high-end materials, indicating a substantial opportunity for domestic production and technological breakthroughs [1][10] - The report emphasizes the need for a dual approach of technological breakthroughs and ecosystem building to drive the development of the semiconductor materials industry, supported by government policies and strategic collaborations [1][23] Industry Overview - Semiconductor materials are critical strategic materials for the semiconductor industry, with the market experiencing long-term growth and cyclical fluctuations due to factors such as industry cycles and end-user demand [2][3] - The market structure is shifting as the industry chain relocates and domestic production increases, with China rapidly expanding its market share driven by local demand and government policies [5][10] - The report highlights the significant market concentration in the semiconductor materials sector, with a few leading companies dominating the market [10] Industry Bottlenecks - Despite achieving local supply capabilities in mid-to-low-end products, China still faces challenges in high-end semiconductor materials, which remain heavily reliant on imports [10][13] - Key areas such as silicon wafers, electronic specialty gases, and photoresists are identified as critical segments where domestic production is lagging behind, with high-end products still largely imported [13][18][21] - The report notes that the domestic supply of electronic specialty gases is weak, with an overall localization rate of about 15% expected in 2024, indicating a significant gap in high-end product capabilities [16] Path to Breakthrough - The semiconductor materials industry must focus on technological advancements and ecosystem development, emphasizing collaboration between academia, research institutions, and leading enterprises to address core technological challenges [23][24] - Establishing a robust and efficient results transformation chain is crucial, with a focus on concept validation, pilot testing, and mass production to enhance the commercialization of technological innovations [24][25] - The report advocates for a self-sufficient and sustainable industry ecosystem, extending upstream to secure high-purity raw materials and key equipment while deepening collaboration with downstream chip design and manufacturing companies [25] Policy Empowerment - National policies are increasingly directing the industry towards key areas, with a focus on advanced semiconductor materials as a strategic priority [26][27] - The establishment of pilot platforms for new materials is highlighted as a key initiative to support the industry's development, with plans to create approximately 300 local pilot platforms by 2027 [28] - Financial policies are also being implemented to support innovation and market transformation in the new materials sector, including insurance compensation for high-risk areas [29] Future Outlook - The semiconductor materials industry is expected to evolve towards a high-quality development phase, balancing quality and safety while fostering collaboration between domestic and international players [34] - The focus will shift from isolated breakthroughs to collaborative ecosystems, with an emphasis on meeting the increasing demands for material purity, performance, and stability from downstream applications [34]

股票代码：688146 股票简称：中船特气 2026 年第一次临时股东会 〇 中船（邯郸）派瑞特种气体股份有限公司 会议资料 中船（邯郸）派瑞特种气体股份有限公司 2026 年第一次临时股东会 会议资料 2026 年第一次临时股东会 | 2026 | 年第一次临时股东会会议须知 | 2 | | --- | --- | --- | | 2026 | 年第一次临时股东会会议议程 | 5 | | 2026 | 年第一次临时股东会会议议案 | 7 | | 议案一: | 关于提请审议使用部分超募资金永久补充流动资金的议案 | 7 | 1 中船（邯郸）派瑞特种气体股份有限公司 会议资料目录 中船（邯郸）派瑞特种气体股份有限公司 2026 年第一次临时股东会 会议资料 2026 年第一次临时股东会会议须知 为了维护全体股东的合法权益，确保中船（邯郸）派瑞特种 气体股份有限公司（以下简称"中船特气"或"公司"）股东会 的正常秩序和议事效率，保证会议的顺利进行，根据《中华人民 共和国公司法》《中华人民共和国证券法》《上市公司股东会规 则》以及《中船（邯郸）派瑞特种气体股份有限公司章程》（以 下简称"《公司章程》"）等相关规定， ...

Core Viewpoint - China Shipbuilding Special Gas (中船特气) has reported a recovery in performance for the year 2025, with significant growth in revenue and net profit after two years of decline [1][2][3]. Financial Performance - In 2025, the company achieved an operating revenue of 2.26 billion yuan, representing a year-on-year increase of 15.88% [1][2]. - The net profit attributable to shareholders reached 347 million yuan, up 12.92% year-on-year [1][2]. - The net profit after deducting non-recurring gains and losses was 239 million yuan, reflecting a growth of 15.82% [1][2]. Historical Context - The company experienced a decline in net profit for two consecutive years in 2023 and 2024, with net profits of 335 million yuan and 304 million yuan, down 12.55% and 9.24% respectively [2][3]. - Prior to its listing in 2023, the company had shown consistent growth in both revenue and net profit [2]. Product and Market Expansion - The growth in 2025 is attributed to increased sales of core products and the expanding application of new-generation information technologies, particularly in advanced chips and display panels [3]. - The company has a strong product portfolio, including over 90 types of products, with more than 70 types of electronic special gases [4]. Capacity and Investment - As of mid-2025, the company has the world's largest production capacity for ultra-pure nitrogen trifluoride at 18,500 tons per year [4]. - The company plans to invest approximately 870 million yuan in a new project to produce 3,383 tons of high-purity hydrogen sulfide and other electronic gases [5][6]. - The company has a strong cash position, with cash reserves of 2.954 billion yuan and no short-term debt [6]. International Business - The company has successfully expanded its international business, exporting products to 15 countries and regions, with overseas revenue accounting for about 27% of total operating income [6].

Core Viewpoint - The A-share market has seen a significant rally in semiconductor stocks, indicating strong investor interest and potential growth in this sector [1] Group 1: Stock Performance - Guoxin Technology has increased by over 13% [1] - Xinyuan Technology has risen by more than 12% [1] - Changguang Huaxin and Huahai Chengke have both gained over 9% [1] - Guoke Microelectronics, Canxin Technology, Taiji Industry, Yuanjie Technology, and Guangliwei have all seen increases of over 7% [1] - Huaya Intelligent, Jiangfeng Electronics, China Shipbuilding Industry, Dike Co., Changdian Technology have all risen by over 6% [1] - Moer Thread, Tianyue Advanced, Zhaoyi Innovation, and Cambrian have all increased by over 5% [1]