Core Viewpoint - Huafeng Measurement and Control (688200) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year [1]. Financial Performance - The total revenue for the first half of 2025 reached 534 million yuan, a year-on-year increase of 40.99% [1]. - The net profit attributable to shareholders was 196 million yuan, reflecting a 74.04% increase year-on-year [1]. - In Q2 2025, total revenue was 337 million yuan, up 39.03% year-on-year, while net profit for the same period was 134 million yuan, an increase of 50.31% [1]. - The gross margin was 74.7%, a slight decrease of 0.17% year-on-year, while the net margin improved by 23.44% to 36.63% [1]. - The total of selling, administrative, and financial expenses was 88.5 million yuan, accounting for 16.56% of revenue, a slight increase of 0.57% year-on-year [1]. Key Ratios and Metrics - The return on invested capital (ROIC) for the previous year was 8.3%, with a historical median ROIC of 17.5% since the company went public [3]. - The company’s cash assets are reported to be very healthy, indicating strong liquidity [3]. - The accounts receivable reached 445 million yuan, which is 133.26% of the net profit, suggesting a significant amount of outstanding payments [4]. Shareholder Information - The largest fund holding Huafeng Measurement and Control is E Fund Active Growth Mixed Fund, which holds 1.6388 million shares and has increased its position [5]. - Other funds have also shown varied movements, with some increasing their holdings while others have reduced their positions [5].

Core Viewpoint - Huafeng Measurement and Control (688200.SH) reported significant growth in its 2025 semi-annual results, indicating strong operational performance and profitability [1] Financial Performance - The company achieved operating revenue of 534 million yuan, representing a year-on-year increase of 40.99% [1] - Net profit attributable to shareholders of the listed company was 196 million yuan, reflecting a year-on-year growth of 74.04% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 175 million yuan, showing a year-on-year increase of 37.66% [1] - Basic earnings per share were reported at 1.45 yuan [1]

证券代码：688200 证券简称：华峰测控 公告编号：2025-062 北京华峰测控技术股份有限公司 第三届监事会第十六次会议决议公告 本公司监事会及全体监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。 公司《2025 年半年度报告》及其摘要的编制程序符合法律、行政法规和中 国证监会的相关规定，报告内容真实、准确、完整地反映了公司的实际情况，不 存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：3 票同意，0 票反对，0 票弃权。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《北 京华峰测控技术股份有限公司 2025 年半年度报告》《北京华峰测控技术股份有限 公司 2025 年半年度报告摘要》。 （二）《关于公司 2025 年半年度募集资金存放与实际使用情况的专项报告 的议案》 表决结果：3 票同意，0 票反对，0 票弃权。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《北 京华峰测控技术股份有限公司 2025 年半年度募集资金存放与实际使用情况的专 项报告的公告》。 一 ...

北京华峰测控技术股份有限公司2025 年半年度报告 公司代码：688200 公司简称：华峰测控 北京华峰测控技术股份有限公司 2025 年半年度报告 1 / 174 无 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 无 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 八、 前瞻性陈述的风险声明 北京华峰测控技术股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 九、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 十、 是否存在违反规定决策程序对外提供担保的情况 否 十一、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十二、 其他 □适用 √不适用 2 / 174 五、 公司负责人孙镪、主管会计工作负责人黄颖及会计机构负责人（会计主管人员） ...

证券代码：688200 证券简称：华峰测控 公告编号：2025-061 北京华峰测控技术股份有限公司 关于 2025 年半年度募集资金存放与实际使用情况 的专项报告 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。 根据《上海证券交易所科创板上市公司自律监管规则适用指引第 1 号——规 范运作》及相关格式指引的要求，编制了截至 2025 年 6 月 30 日的《北京华峰测 控技术股份有限公司 2025 年半年度募集资金存放与实际使用情况的专项报告》。 一、募集资金基本情况 （一）扣除发行费用后的实际募集资金金额、资金到账时间 - 3 - 16,355,220.68元外,募集资金账户支出共计1,175,934,402.95元(含账户管理手 续费33,382.57元)，以前年度收到的理财收益及银行利息收入为65,014,107.67元 (不含2023年"集成电路先进测试设备产业化基地建设项目"节余募集资金永久补 充流动资金中，理财收益及银行利息收入28,343,179.59元)。 2025半年度募集资金账户支出合计109,553 ...

北京华峰测控技术股份有限公司 前次募集资金使用情况 审核报告 大信专审字[2025]第 3-00257 号 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mc.fgov.cn）" 进行变 。 前次募集资金使用情况审核报告 大信专审字[2025]第 3-00257 号 WUYIGE Certified Public Accountants L 路 1 号 Room 2206 22/F. Xuevuan International Tower 晨 2206 No.1 Zhichun Road, Haidian Dist. Beijing, China, 100083 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 我们的责任是在实施审核工作的基础上对贵公司编制的前次募集资金使用情况专项报告 发表审核意见。我们按照《中国注册会计师其他鉴证业务准则第3101号—历史财务信息审计 或审阅以外的鉴证业务》的规定执行了审核业务。该准则要求我们计划和实施审核工作,以 对贵公司编制的前次募集资金使用情况专项报告是否不存在重大错报 ...

北京华峰测控技术股份有限公司 2025 年度"提质增效重回报"行动方案的半年度评估报告 为践行"以投资者为本"的上市公司发展理念，维护北京华峰测控技术股份 有限公司（以下简称"公司"）全体股东利益，基于对公司价值的认可，对公司 发展前景的信心，为切实履行社会责任，北京华峰测控技术股份有限公司（以下 简称"公司"）于 2025 年 3 月 14 日披露了《北京华峰测控技术股份有限公司 2025 年"提质增效重回报"专项行动方案》（以下简称"行动方案"）。2025 年上半年， 公司根据行动方案内容，积极开展和落实各项工作，现将《行动方案》主要举措 的实施情况和效果报告如下： 一、聚焦经营主业，持续提升经营效率 （一）积极拓展行业市场，加速全球营销网络建设 报告期内，公司在深化与欧洲、日本、韩国和东南亚等传统海外市场客户合 作的基础上，积极开拓越南、印度等新兴市场并取得初步成效，业务版图持续扩 张。通过加大海外市场资源投入、完善本地化服务体系，公司产品与服务的国际 竞争力显著提升。得益于此，即使在严峻的外部环境下，公司海外业务依然展现 出强大的增长韧性，2025 年上半年实现海外收入 5,797.49 万元，同比增 ...

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 129.75 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 5.165 billion yuan [1] - A total of 220 stocks on the Sci-Tech Innovation Board saw net inflows, while 366 stocks experienced net outflows [1] Stock Performance - On the Sci-Tech Innovation Board, 123 stocks rose, with three stocks hitting the daily limit up, including Kaipu Cloud and Jingjin Electric [1] - Conversely, 462 stocks declined in value [1] Fund Flow Analysis - Among the stocks with net inflows, Aojie Technology led with a net inflow of 265 million yuan, followed by Xinyuan Technology and Zhongxin International with net inflows of 249 million yuan and 228 million yuan, respectively [1] - The stock with the highest net outflow was Haiguang Information, which saw a net outflow of 647 million yuan and a decline of 2.68% [1] Continuous Fund Flow - A total of 52 stocks have seen continuous net inflows for more than three trading days, with Bochu Electronics leading at nine consecutive days of inflow [1] - Conversely, 164 stocks have experienced continuous net outflows, with Dongxin Co., Ltd. and ST Nuotai both seeing 12 consecutive days of outflow [1] Top Stocks by Net Inflow - The top stocks by net inflow include: - Aojie Technology: 264.55 million yuan, 8.30% inflow rate, 8.66% increase [1] - Xinyuan Technology: 248.54 million yuan, 4.83% inflow rate, -0.11% change [1] - Zhongxin International: 228.08 million yuan, 1.54% inflow rate, 0.57% change [1] Stocks with Significant Outflows - The stocks with the most significant outflows include: - Haiguang Information: 647 million yuan outflow, -2.68% change [1] - Dongxin Co., Ltd.: 327 million yuan outflow [1] - Yuntian Lifefly: 255 million yuan outflow [1]

Group 1 - The Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Index has risen by 3.02% as of August 27, with notable increases in constituent stocks such as Huafeng Measurement Control (up 6.56%), Zhongke Feimiao (up 5.84%), and SMIC (up 5.07%) [1] - The Sci-Tech Semiconductor ETF (588170) has increased by 3.28%, with a latest price of 1.26 yuan, and has accumulated a 10.42% increase over the past week as of August 26, 2025 [1] - Advanced packaging technology is becoming a key path to support the demand for AI and high-performance computing, as traditional processes struggle to support performance evolution due to the "power wall, memory wall, and cost wall" [1] Group 2 - The Sci-Tech Semiconductor ETF (588170) and its linked funds track the Sci-Tech Innovation Board Semiconductor Materials and Equipment Index, which includes hard tech companies in semiconductor equipment (60%) and semiconductor materials (24%) [2] - The semiconductor equipment and materials industry is a significant area for domestic substitution, characterized by low domestic substitution rates and high ceilings for domestic replacement, benefiting from the expansion of semiconductor demand driven by the AI revolution [2]

半导体材料ETF（562590）及其联接基金（A类：020356、C类：020357），指数中半导体设备 （59%）、半导体材料（24%）占比靠前，充分聚焦半导体上游。 （文章来源：每日经济新闻） 浙商证券认为，半导体设备是半导体产业链的基石，在AI浪潮引领下，芯片库存周期、国内晶圆厂扩 产周期、海外管制趋严背景下的设备国产化诉求有望实现三重共振，推动半导体设备板块业绩超预期。 半导体设备行业马太效应极强，建议一方面把握住龙头企业的成长确定性，一方面可以关注国产化率较 低，成长空间较大的细分领域龙头企业。核心受益环节包括半导体前后道设备、设备零部件企业。 相关ETF：公开信息显示，科创半导体ETF（588170）及其联接基金（A类：024417；C类：024418）跟 踪上证科创板半导体材料设备主题指数，囊括科创板中半导体设备（59%）和半导体材料（25%）细分 领域的硬科技公司。半导体设备和材料行业是重要的国产替代领域，具备国产化率较低、国产替代天花 板较高属性，受益于人工智能革命下的半导体需求扩张、科技重组并购浪潮、光刻机技术进展。 截至2025年8月26日 14点32，上证科创板半导体材料设备主题指数强 ...