北京德恒律师事务所 关于 江苏微导纳米科技股份有限公司 向不特定对象发行可转换公司债券的 法律意见书 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话：010-52682888 传真：010-52682999 邮编：100033 | 第一节 引言 5 | | --- | | 第二节 正文 7 | | 一、本次发行的批准和授权 7 | | 二、本次发行的主体资格 7 | | 三、本次发行的实质条件 8 | | 四、发行人的设立 13 | | 五、发行人的独立性 14 | | 六、发行人的发起人和股东 16 | | 七、发行人的股本及其演变 17 | | 八、发行人的业务 18 | | 九、发行人的关联交易及同业竞争 19 | | 十、发行人的主要财产 20 | | 十一、发行人重大债权债务 22 | | 十二、发行人重大资产变化及收购兼并 23 | | 十三、发行人章程的制定与修改 23 | | 十四、发行人股东大会、董事会、监事会议事规则及规范运作 24 | | 十五、发行人董事、监事、高级管理人员、核心技术人员及其变化 24 | | 十六、发行人的税务及财政补贴 25 | | 十七、发行人的环境 ...

中信证券股份有限公司 关于 江苏微导纳米科技股份有限公司 向不特定对象发行可转换公司债券 之 发行保荐书 保荐人（主承销商） 广东省深圳市福田区中心三路8号卓越时代广场（二期）北座 二〇二四年十一月 | 目录 | 1 | | | --- | --- | --- | | 声 明 | 2 | | | 第一节 | | 本次证券发行基本情况 3 | | | | 一、本次证券发行保荐人名称 3 | | | | 二、保荐人指定保荐代表人及保荐业务执行情况 3 | | | | 三、项目组成员情况 3 | | | | 四、本次保荐的发行人情况 4 | | | | 五、本次证券发行类型 5 | | | | 六、保荐人与发行人存在的关联关系 5 | | | | 七、保荐人对本次证券发行上市的内部审核程序和内核意见 6 | | 第二节 | | 保荐人承诺事项 8 | | 第三节 | | 保荐人对本次证券发行的推荐意见 9 | | | | 一、推荐结论 9 | | | | 二、发行人本次发行履行了必要的决策程序 9 | | | | 三、发行人本次证券发行符合《证券法》规定的发行条件 9 | | | | 四、发行人本次证券发行符合《上 ...

中信证券股份有限公司 关于 江苏微导纳米科技股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二四年十一月 江苏微导纳米科技股份有限公司 上市保荐书 目录 | 日求 | | --- | | 声 明 … | | 第一节 本次证券发行基本情况 | | 一、发行人基本情况… | | 二、本次发行情况……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………22 | | 三、保荐代表人、项目协办人及项目组其他成员情况……………………………………………23 | | 四、保荐人与发行人的关联关系、保荐人及其保荐代表人是否存在可能影响公正履 | | 行保荐职责情形的说明. | | 第二节 保荐人承诺事项 . | | 第三节 保荐人对本次证券发行上市的保荐结论 | | 一、本次发行履行了必要的决策程序………………………………………………………………………………………………………………28 ...

中信证券股份有限公司 关于 江苏微导纳米科技股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二四年十一月 江苏微导纳米科技股份有限公司 上市保荐书 目录 | 日求 | | --- | | 声 明 … | | 第一节 本次证券发行基本情况 | | 一、发行人基本情况… | | 二、本次发行情况……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………22 | | 三、保荐代表人、项目协办人及项目组其他成员情况……………………………………………23 | | 四、保荐人与发行人的关联关系、保荐人及其保荐代表人是否存在可能影响公正履 | | 行保荐职责情形的说明. | | 第二节 保荐人承诺事项 . | | 第三节 保荐人对本次证券发行上市的保荐结论 | | 一、本次发行履行了必要的决策程序………………………………………………………………………………………………………………28 ...

江苏微导纳米科技股份有限公司（以下简称"公司"）本次拟以集中竞价交易 方式回购部分公司股份，主要内容如下： ● 回购股份金额：不低于人民币 4,000 万元（含），不超过人民币 8,000 万元 （含），具体回购资金总额以回购完毕或回购期满时实际回购股份使用的资金总额 为准； ● 回购股份资金来源：自有资金和/或自筹资金（包括但不限于中国民生银行 股份有限公司无锡分行股票回购专项贷款） 证券代码：688147 证券简称：微导纳米 公告编号：2024-070 江苏微导纳米科技股份有限公司 关于 2024 年第二期以集中竞价方式 回购股份方案的公告 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。 重要内容提示： ● 回购股份用途：本次回购的股份将在未来适宜时机用于实施股权激励计划 及/或员工持股计划； ● 回购股份价格：不超过人民币 42.76 元/股（含），该价格不高于公司董事 会审议通过回购方案决议前 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：自公司董事会审议通过 ...

江苏微导纳米科技股份有限公司 投资者关系活动记录表 编号：2024-007 | --- | --- | --- | --- | |--------|--------------------|------------------------------------------|------------------------------------------------------------| | | ■ | 特定对象调研 ■分析师会议 | | | 投资者 | □ | 媒体采访 □业绩说明会 | | | 关系活 | | □新闻发布会 □路演活动 | | | 动类别 | ■ | 现场参观 □电话会议 | | | | □ | 其他 （请文字说明其他活动内容） | | | 参与单 | | Springs Capital (Hong Kong) Limited 、 | Taikang Asset Management | | 位名称 | | (Hong Kong) Company Limited 、 | Contrarian Capital Management | | | LLC 、 | HCEP Managem ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company reported Q3 2024 results that met expectations, with continuous advancement in semiconductor and emerging application equipment [1] - The company achieved operating revenue of 1.54 billion yuan in Q3 2024, a year-on-year increase of 51.2% [1] - The net profit attributable to the parent company was 150 million yuan, a year-on-year decrease of 2.8% [1] - The company’s gross margin for the first three quarters of 2024 was 38.3%, down 4 percentage points year-on-year [1] - R&D investment increased by 82.0% year-on-year, amounting to 338 million yuan [1] Financial Performance - For Q3 2024, the company achieved operating revenue of 760 million yuan, a year-on-year increase of 18.4% and a quarter-on-quarter increase of 22.9% [1] - The net profit attributable to the parent company for Q3 2024 was 110 million yuan, a year-on-year increase of 24.7% and a quarter-on-quarter increase of 174.8% [1] - The company’s total assets as of Q3 2024 were 10.46 billion yuan, with current assets of 9.70 billion yuan [4] - The company’s cash flow from operating activities for the first three quarters of 2024 was -200 million yuan, with a narrowing outflow [1][4] Market Position and Strategy - The company has a strong presence in the semiconductor sector, with over 75% of new orders coming from the storage sector, including new storage technologies, 3D NAND, and DRAM [1] - In the photovoltaic sector, the company’s ALD products have consistently ranked first in revenue scale, total orders, and market share among domestic peers [1] - The company is actively optimizing new generation high-efficiency battery technologies, including XBC, perovskite, and perovskite tandem cells [1] Earnings Forecast - The company’s projected operating revenues for 2024, 2025, and 2026 are 2.79 billion yuan, 4.22 billion yuan, and 5.27 billion yuan respectively, with year-on-year growth rates of 66.1%, 51.2%, and 25.0% [3] - The net profit attributable to the parent company is forecasted to be 310 million yuan, 526 million yuan, and 726 million yuan for the same years, with year-on-year growth rates of 14.6%, 69.9%, and 38.0% respectively [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [2]. Core Views - The company reported a revenue of 1.544 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 51.17%. The net profit attributable to the parent company was 151 million yuan, down 2.78% year-on-year, while the net profit excluding non-recurring items was 114 million yuan, down 0.73% year-on-year. In Q3 2024, revenue reached 757 million yuan, up 18.42% year-on-year, with a net profit of 108 million yuan, up 24.74% year-on-year, and a net profit excluding non-recurring items of 103 million yuan, up 47.88% year-on-year [2][3]. Summary by Sections Revenue Growth - The company experienced significant revenue growth due to successful order acceptance. In the photovoltaic sector, the company's technology covers TOPCon, XBC, and perovskite batteries, with a leading market share in ALD equipment for TOPCon batteries. The market share for PE-Tox and PE-Poly equipment is rapidly increasing. In the semiconductor sector, the company maintains a leading position in ALD equipment, with repeat orders from major manufacturers for both ALD and CVD equipment [2][3]. R&D Investment - R&D investment continued to increase, with a total of 338 million yuan for the first three quarters of 2024, up 82.02% year-on-year, accounting for 21.89% of revenue, an increase of 3.71 percentage points year-on-year. In Q3 2024, R&D investment was 109 million yuan, up 23.84% year-on-year, accounting for 14.34% of revenue, an increase of 0.63 percentage points year-on-year. The gross profit margin for the first three quarters was 38.34%, with Q3 gross profit margin at 38.28%, maintaining a high level [3][4]. Order Backlog - The company has a robust order backlog supporting future performance. As of the end of Q3 2024, inventory stood at 4.42 billion yuan, and contract liabilities were 2.46 billion yuan. The total order backlog was 8.085 billion yuan, including 6.667 billion yuan in photovoltaic orders and 1.344 billion yuan in semiconductor orders [3][4]. Semiconductor Sector Expansion - The company is expanding its semiconductor sector, with various ALD and CVD processes entering the industrial verification stage. The developed processes include HKMG technology, column capacitors, and high aspect ratio 3D DRAM technologies. Over 75% of new orders come from the storage sector, with strong demand from key industry clients. The company is also making significant progress in new storage, advanced packaging, and silicon-based OLED fields [4][3]. Profit Forecast - The company is expected to achieve a net profit attributable to the parent company of 300 million yuan and 500 million yuan for 2024 and 2025, respectively, corresponding to price-to-earnings ratios of 40 and 23 times [4].

证券研究报告·公司点评报告·光伏设备 微导纳米（688147） 2024 年三季报点评：Q3 业绩稳步增长，看好 半导体业务持续放量 2024 年 10 月 31 日 增持（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|----------|----------|----------|----------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 684.51 | 1,679.72 | 3,131.83 | 4,320.39 | 5,448.25 | | 同比（ % ） | 59.96 | 145.39 | 86.45 | 37.95 | 26.11 | | 归母净利润（百万元） | 54.15 | 270.39 | 313.10 | 516.51 | 705.29 | | 同比（ % ） | 17.43 | 399.33 | 15.79 | 64.97 | 36.55 | ...

证券代码：688147 证券简称：微导纳米 公告编号：2024-069 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。 江苏微导纳米科技股份有限公司（以下简称"公司"）于 2024 年 10 月 22 日 在上海证券交易所网站（www.sse.com.cn）披露了《江苏微导纳米科技股份有限 公司关于变更保荐机构及保荐代表人的公告》（公告编号：2024-064）。因聘请中 信证券股份有限公司（以下简称"中信证券"）担任公司向不特定对象发行可转换 公司债券的保荐机构，公司与原保荐机构浙商证券股份有限公司（以下简称"浙 商证券"）以及存放募集资金的商业银行签订的《募集资金三方监管协议》相应 终止，浙商证券尚未完成的持续督导工作由中信证券承接。 鉴于公司保荐机构已发生变更，为规范公司募集资金的管理和使用，保护投 资者权益，根据《上市公司监管指引第 2 号—上市公司募集资金管理和使用的监 管要求》《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》等 法律、法规以及规范性文件和公司《募集资金管理制度》的相关规定，公司与保 ...