| 证券代码：688147 证券简称：微导纳米 | | | | 公告编号：2025-048 | | --- | --- | --- | --- | --- | | 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 | | | | | | 网上中签率及优先配售结果公告 | | | | | | 保荐人（主承销商） | | | | | | ：中信证券股份有限公司 | | | | | | 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： | | | | | | 中签率/配 实际配售数 | 有效申购数量 | | | 实际获配金 | | 类别 | | | | | | 售比例（%） | （手） | | 量（手） | 额（元） | | 原股东 100.00 1,040,835 | 1,040,835 | | 1,040,835,000 | | | 网上社会公众投资 | | | | | | 者 | | | | | | 合计 8,639,082,71 ...

特别提示 证券代码：688147 证券简称：微导纳米 公告编号：2025-048 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 网上中签率及优先配售结果公告 保荐人（主承销商）：中信证券股份有限公司 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： | 类别 | 中签率/配 | 有效申购数量 | 实际配售数 | 实际获配金 | | --- | --- | --- | --- | --- | | | 售比例（%） | （手） | 量（手） | 额（元） | | 原股东 | 100.00 | 1,040,835 | 1,040,835 | 1,040,835,000 | | 网上社会公众投资 者 | 0.00149530 | 8,638,041,877 | 129,165 | 129,165,000 | | 合计 | | 8,639,082,712 | 1,170,000 | 1,170,000,000 | 江苏微导纳米科技股份有限公司（以下简称"微导纳米"、"发行人"或"公 司"）向不特定对象发行可 ...

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - Microguide Convertible Bonds (118058.SH) started online subscription on August 6, 2025, with a total issuance scale of 1.17 billion yuan. After deducting issuance fees, the net raised funds will be used for the construction project of an intelligent factory for semiconductor thin - film deposition equipment [3]. - The current bond floor valuation is 99.08 yuan, and the YTM is 2.25%. The conversion parity is 100.6 yuan, and the parity premium rate is - 0.62%. The bond floor protection is good, and the terms of the convertible bonds are standard. The dilution rate of the total share capital is 7.03%, with relatively small dilution pressure on the equity [3]. - It is expected that the listing price of Microguide Convertible Bonds on the first day will be between 128.84 - 143.03 yuan, and the subscription rate is expected to be 0.0036%. It is recommended to actively subscribe [3]. Group 3: Summary by Directory 1. Convertible Bond Basic Information - The issuance and subscription schedule of Microguide Convertible Bonds is from August 4 to August 12, 2025, including steps such as publishing announcements, online roadshows, priority subscription for original shareholders, and online subscription [9]. - The basic terms of Microguide Convertible Bonds include a 6 - year term, AA/AA credit rating, a face value of 100 yuan, specific coupon rates from the first to the sixth year, and corresponding down - revision, redemption, and put - back terms [10]. - The raised funds will be used for the construction of an intelligent factory for semiconductor thin - film deposition equipment, the expansion of a R & D laboratory, and supplementary working capital [11]. - The bond - related indicators show a pure bond value of 99.08 yuan, a pure bond premium rate of 0.93%, and a pure bond YTM of 2.25%. The equity - related indicators show a conversion parity of 100.63 yuan and a parity premium rate of - 0.62% [11]. 2. Investment Subscription Suggestions - By referring to comparable targets in terms of parity, rating, and scale, as well as recent listed convertible bonds and an established empirical model, it is expected that the conversion premium rate of Microguide Convertible Bonds on the first - day of listing will be around 35%, and the listing price will be between 128.84 - 143.03 yuan [14][15]. - It is expected that the priority subscription ratio of original shareholders will be 74.28%, and the online subscription rate will be 0.0036% [16]. 3. Analysis of the Underlying Stock's Fundamental Aspects 3.1 Financial Data Analysis - Microguide Nano is a global high - end micro - nano equipment manufacturer in the semiconductor and pan - semiconductor fields. Its products have achieved large - scale industrial applications in the semiconductor and photovoltaic sectors [17]. - Since 2020, the company's revenue has steadily increased, with a compound growth rate of 71.44% from 2020 - 2024. In 2024, the revenue was 2.7 billion yuan, a year - on - year increase of 60.74%. In Q1 2025, the revenue and net profit attributable to the parent company were 510 million yuan and 84 million yuan respectively [18][19]. - The company's revenue mainly comes from photovoltaic and semiconductor equipment, with an annual adjustment in product structure. The proportion of photovoltaic sales revenue in the main business revenue has slightly decreased, while the sales scale of semiconductors has gradually increased [20]. - The company's net sales margin has recently rebounded, the gross sales margin has decreased, the sales expense ratio has decreased, the financial expense ratio has recently increased, and the management expense ratio has recently decreased [24]. 3.2 Company Highlights - Microguide Nano is a leader in providing efficient battery technology and equipment. It emphasizes R & D, has formed 11 core technologies in the thin - film deposition technology field centered around ALD technology, and has achieved deep integration of scientific and technological achievements and the industry [29].

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The target price of Weidao Convertible Bond on the first day of listing is expected to be between 127 - 130 yuan, and investors are advised to actively subscribe. The expected conversion premium rate on the first - day of listing is in the range of 26% - 29% [3][22]. - The expected first - day new - bond subscription winning rate is around 0.0029% - 0.0057% [4][23]. - The issuance of convertible bonds by Weidao Nano is a necessary choice to conform to the industry development trend, enhance the company's market competitiveness, optimize the company's capital structure, and provide guarantee for the company's development [3][21]. 3. Summary According to the Directory 3.1 Micro - guide Convertible Bond New - bond Analysis and Investment Suggestions 3.1.1 Convertible Bond Basic Terms Analysis - The issuance method of Weidao Convertible Bond is priority placement and online issuance, with a bond and issuer rating of AA. The issuance scale is 1.17 billion yuan, the initial conversion price is 33.57 yuan, the bond parity on August 4, 2025, is 100.63 yuan, the pure bond value is 99.1 yuan. The game terms (down - revision, redemption, and put - back clauses) are normal. The bond has a relatively high issuance scale, good liquidity, acceptable rating, and good bond floor protection. It is easy for institutions to include it in their portfolios, and there is no objection to primary participation [2][18]. 3.1.2 New - bond Initial Price Analysis - The company's main business is the R & D, production, and sales of advanced micron - and nano - scale thin - film deposition equipment, providing cutting - edge thin - film deposition equipment, supporting products, and services to downstream customers. The funds raised from this issuance are mainly used for the "Intelligent Factory Construction Project of Semiconductor Thin - film Deposition Equipment", the "R & D Laboratory Expansion Project", and supplementing working capital [3][21]. - Based on the valuation of similar convertible bonds and considering the current market environment and parity level, the conversion premium rate of Weidao Convertible Bond on the first day of listing is expected to be in the range of 26% - 29%, corresponding to a first - day target price of around 127 - 130 yuan [3][22]. 3.1.3 Convertible Bond New - bond Subscription Winning Rate Analysis - Assuming the old shareholders' placement ratio is 60% - 80%, the scale of Weidao Convertible Bond available to the market is 234 million - 468 million yuan. Assuming the online effective subscription volume is 8.2 million households, the winning rate is around 0.0029% - 0.0057% [4][23]. 3.2 Underlying Stock Fundamental Analysis 3.2.1 Company's Main Business and Industry Up - and Downstream Situation - The company's main business is the R & D, production, and sales of advanced micron - and nano - scale thin - film deposition equipment, providing related equipment, products, and services to downstream customers. The upstream includes component suppliers and外协加工商, and the company has a stable supply relationship. The downstream customers are mainly semiconductor chip manufacturers and photovoltaic cell manufacturers. The thin - film deposition equipment is crucial for the downstream's technology implementation and iteration [24][26]. 3.2.2 Company's Operating Conditions - The company's operating income has grown rapidly in recent years. From 2022 to Q1 2025, the operating income was 685 million yuan, 1.68 billion yuan, 2.7 billion yuan, and 510 million yuan respectively, with year - on - year growth rates of 59.96%, 145.39%, 60.74%, and 198.95% [28]. - The company's comprehensive gross profit margin has shown a slight fluctuation. From 2022 to Q1 2025, it was 42.31%, 43.64%, 39.99%, and 36.14% respectively, and the net profit margins were 7.91%, 16.1%, 8.4%, and 16.48% respectively. The fluctuation is mainly due to changes in product structure [30]. - The company's period expenses have been rising in recent years. From 2022 to Q1 2025, the total of sales, management, and financial expenses was 95 million yuan, 247 million yuan, 282 million yuan, and 57 million yuan respectively, and the period expense ratios were 13.83%, 14.7%, 10.45%, and 11.07% respectively. The R & D expenses have also increased year by year [37]. - The company's accounts receivable have been on the rise. From 2022 to Q1 2025, they were 449 million yuan, 809 million yuan, 1.05 billion yuan, and 1.06 billion yuan respectively. The accounts receivable turnover rate has fluctuated but remained at a good level [41][42]. - The company's net profit attributable to the parent has fluctuated greatly. From 2022 to Q1 2025, it was 54 million yuan, 270 million yuan, 227 million yuan, and 84 million yuan respectively, with year - on - year growth rates of 17.43%, 399.33%, - 16.16%, and 2253.57% respectively. The weighted ROE from 2022 to Q1 2025 was 5.95%, 12.6%, 9.1%, and 3.17% respectively [46]. 3.2.3 Company's Equity Structure and Major Subsidiaries - As of the end of 2024, the company's equity structure was relatively concentrated. The top two shareholders, Wanhaiying Investment and LI WEI MIN, held 233 million and 43 million shares respectively, with a combined shareholding ratio of 60.18%. The top ten shareholders held a combined ratio of 80.66%. The company has no wholly - owned subsidiaries but has two affiliated companies [48]. 3.2.4 Company's Business Characteristics and Advantages - The company has advantages in advanced technology routes, with ALD technology as the core. It also has an excellent R & D team, a complete industrial application center platform, strong technology accumulation and R & D innovation capabilities, a platform - based product matrix layout, high - quality customer resources, and efficient customer service [52][53][54]. 3.2.5 Allocation of Funds Raised in this Issuance - The company plans to issue convertible bonds to raise up to 1.17 billion yuan. Among them, 643 million yuan is planned for the "Intelligent Factory Construction Project of Semiconductor Thin - film Deposition Equipment", 227 million yuan for the "R & D Laboratory Expansion Project", and 300 million yuan for supplementing working capital [16][56].

：中信证券股份有限公司 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。 证券代码：688147 证券简称：微导纳米 公告编号：2025-047 向不特定对象发行可转换公司债券发行提示性公告 保荐人（主承销商） 特别提示 江苏微导纳米科技股份有限公司（以下简称"微导纳米"、"发行人"或 "公司"）向不特定对象发行可转换公司债券（以下简称"可转债"或"微导 转债"，债券代码"118058 "）已获得中国证券监督管理委员会证监许可 〔2025〕1404 号文同意注册。本次发行的保荐人（主承销商）为中信证券股份 有限公司（以下简称"中信证券"、"保荐人（主承销商）"或"主承销 商"）。本次发行的《江苏微导纳米科技股份有限公司向不特定对象发行可转 换公司债券募集说明书摘要》（以下简称"《募集说明书摘要》"）、《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发行公告》（以 下简称"《发行公告》"）及《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募集说明书》（以下简称"《募集说明书》"）已于 2025 年 8 ...

特别提示 江苏微导纳米科技股份有限公司（以下简称"微导纳米"、"发行人"或 "公司"）向不特定对象发行可转换公司债券（以下简称"可转债"或"微导 转债"，债券代码"118058"）已获得中国证券监督管理委员会证监许可 〔2025〕1404 号文同意注册。本次发行的保荐人（主承销商）为中信证券股份 有限公司（以下简称"中信证券"、"保荐人（主承销商）"或"主承销 商"）。本次发行的《江苏微导纳米科技股份有限公司向不特定对象发行可转 换公司债券募集说明书摘要》（以下简称"《募集说明书摘要》"）、《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发行公告》（以 下简称"《发行公告》"）及《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募集说明书》（以下简称"《募集说明书》"）已于 2025 年 8 月 4 日（T-2 日）在上海证券交易所网站（http://www.sse.com.cn）公告。 公司根据《中华人民共和国证券法》、《证券发行与承销管理办法》（证 监会令〔第 228 号〕）、《上市公司证券发行注册管理办法（2025 年修订）》 （证监会令〔第 227 号〕）、《上海证券交易所上 ...

金融界消息 截至2025年8月5日收盘，微导纳米（688147）报收于34.72元，上涨2.78%，换手率9.96%， 成交量10.08万手，成交金额3.44亿元。 微导纳米最新一期业绩显示，截至2025一季报，公司营业总收入5.10亿元、同比增长198.95%，归属净 利润8410.29万元，同比增长2253.57%，扣非净利润8131.63万元，同比增长525.17%，流动比率1.521、 速动比率0.736、资产负债率67.72%。 天眼查商业履历信息显示，江苏微导纳米科技股份有限公司，成立于2015年，位于无锡市，是一家以从 事专用设备制造业为主的企业。企业注册资本45767.8129万人民币，实缴资本36000万人民币。公司法 定代表人为王磊。 通过天眼查大数据分析，江苏微导纳米科技股份有限公司共对外投资了2家企业，参与招投标项目47 次，知识产权方面有商标信息89条，专利信息524条，此外企业还拥有行政许可68个。 来源：金融界 资金流向方面，今日主力资金净流入1016.09万元，占比成交额2.95%。其中，超大单净流出242.18万 元、占成交额0.7%，大单净流入1258.27万元、占成交额3 ...

截至 2025 年 7 月 31 日，公司通过上海证券交易所交易系统以集中竞价交易 方式累计回购股份 2,901,842 股，占公司总股本 461,157,283 股的比例为 0.63%，购 买的最高价为 30.70 元/股、最低价为 23.66 元/股，已支付的总金额为 79,526,891.92 元（不含交易费用）。 上述回购进展符合既定的回购股份方案。 证券代码：688147 证券简称：微导纳米 公告编号：2025-046 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 2024/11/15，由实际控制人、董事长王磊提议 回购方案实施期限 2024 年 11 月 15 日~2025 年 11 月 14 日 预计回购金额 4,000万元~8,000万元 □减少注册资本 √用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 □为维护公司价值及股东权益 累计已回购股数 2,901,842股 累计已回 ...

证券日报网讯 8月4日晚间，微导纳米发布公告称，截至2025年7月31日，公司通过上海证券交易所交易 系统以集中竞价交易方式累计回购股份2，901，842股，占公司总股本的比例为0.63%。 （文章来源：证券日报） ...

（文章来源：每日经济新闻） 微导纳米（SH 688147，收盘价：33.78元）8月4日晚间发布公告称，截至2025年7月31日，公司通过上 海证券交易所交易系统以集中竞价交易方式累计回购股份约290万股，占公司总股本约4.61亿股的比例 为0.63%，购买的最高价为30.7元/股、最低价为23.66元/股，已支付的总金额约为7953万元。 ...