神工股份介绍，从宏观层面分析，根据产品生命周期理论，硅零部件产品在国际供应链处于"成熟期"； 而在中国本土市场，该产品仍处于国产化进程中，属于"导入期"产品。公司作为少数具备"从硅材料到 硅零部件"一体化生产能力的厂商，在硅零部件业务已深耕近十年，在中国本土半导体供应链安全建设 中已经发挥了独特作用，因此率先将硅零部件业务从"导入期"发展至"成长期"，毛利率水平较高。 从微观层面分析，硅零部件产品具有"品种多、批量小"的特点，具体产品消耗量依集成电路制造厂商的 等离子刻蚀机种类、腔体结构、数量和具体制造工艺所决定，尺寸越大，设计要求越复杂的产品，对加 工能力要求越高，毛利率相对越高。公司的产品线品类丰富，可以充分满足8吋和12吋主流等离子刻蚀 机所需，因此战略上选择其中技术难度相对较大、国产化需求较紧迫、毛利率相对较高的硅零部件品 类，因此毛利率水平较高。 2024年，神工股份实现营业收入3.02亿元，同比增长124%；实现净利润4115万元，实现扭亏为盈；经 营现金流量净额为1.73亿元，较上年同期增长约110%。神工股份2025年一季度实现营业收入1.06亿元， 同比增长81.49%；净利润2851.07 ...

证券研究报告 | 2025年06月16日 神工股份（688233.SH） 优于大市 一季度业绩同比高增，半导体硅电极持续放量 核心观点 公司研究·财报点评 电子·半导体 证券分析师：胡剑 证券分析师：胡慧 021-60893306 021-60871321 hujian1@guosen.com.cn huhui2@guosen.com.cn S0980521080001 S0980521080002 1Q25 营收同比增长 81.49%，归母净利润同比增长 1850.70%。公司发布 2025 年第一季度报告，实现营收 1.06 亿元(YoY +81.49%，QoQ +19.44%)，归母 净利润 0.28 亿元(YoY +1850.70%，QoQ +108.64%)，综合毛利率达到 39.68%。 公司业绩实现同环比增长，主要受益于下游晶圆厂驱动大直径硅材料销售额 增长，同时公司硅零部件产品聚焦国内市场，配合重点设备和景园厂商研发 新产品，并逐步转为量产订单，推动硅零部件产品出货量持续提升。 2024 年营收同比增长 124.19%，归母净利润实现扭亏为盈。24 年公司实现 营收 3.03 亿元，实现母净利 ...

国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 锦州神工半导体股份有限公司（以下简称"公司"、"神工股份"或"发行人"） 首次公开发行股票并在科创板上市、2023 年以简易程序向特定对象发行股票的 保荐机构及持续督导机构。根据《中华人民共和国公司法》《中华人民共和国证 券法》《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》 等有关规定，对神工股份本次差异化权益分派事项进行了专项核查，核查情况如 下： 一、本次差异化权益分派方案 2025 年 4 月 18 日，公司召开 2024 年年度股东会，审议通过了《关于公司 2024 年度利润分配方案的议案》。具体分配方案如下：经容诚会计师事务所（特 殊普通合伙）审计，公司 2024 年度实现的归属于公司股东的净利润为 41,150,745.84 元。公司拟以实施权益分派股权登记日登记的总股本扣减公司回购 专用证券账户中股份数为基数分配利润。公司拟向全体股东每 10 股派发现金红 利 0.75 元（含税）。公司总股本 170,305,736 股，扣除回购专用账户 950,416 股， 可参与利润分配股数 169,355,320 股 ...

证券代码：688233 证券简称：神工股份 公告编号：2025-018 锦州神工半导体股份有限公司 2024年年度权益分派实施公告 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： | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/6/5 | 2025/6/6 | 2025/6/6 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经锦州神工半导体股份有限公司2025 年 4 月 18 日的2024 年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东 （公司回购专用证券账户除外）。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 是否涉及差异化分红送转：是 每股分配比例 每股现金红利0.075元 相关日期 （2）本次差异化分红除权除息的计 ...

证券代码：688233 证券简称：神工股份 公告编号：2025-016 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。 特此公告。 一、董事会会议召开情况 锦州神工半导体股份有限公司（以下简称"公司"）第三届董事会第六次会议 （以下简称"本次会议"或"会议"）于 2025 年 4 月 29 日在公司会议室以现场 与通讯表决相结合的方式召开。本次会议由公司董事长潘连胜先生召集并主持， 会议应出席董事 9 名，实际出席董事 9 名。本次会议的召集、召开方式符合相关 法律、行政法规、部门规章、规范性文件和《公司章程》的规定，会议决议合法、 有效。 二、董事会会议审议情况 经过与会董事认真审议，形成如下决议： （一）审议通过《关于聘任财务总监的议案》 具体内容详见公司于同日刊登在上海证券交易所网站（www.sse.com.cn）的 《锦州神工半导体股份有限公司关于财务总监辞职及聘任财务总监的公告》。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 本议案已经董事会提名委员会、审计委员会审议通过，并同意提交董事会审议。 锦州神 ...

证券代码：688233 证券简称：神工股份 公告编号：2025-017 锦州神工半导体股份有限公司 关于财务总监辞职及聘任财务总监的公告 本公司董事会、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。 锦州神工半导体股份有限公司（以下简称"公司"）董事会收到公司财务总 监刘邦涛先生递交的书面辞职书，因个人原因，刘邦涛先生申请辞去公司财务总 监职务。辞任后，刘邦涛先生将不再担任公司任何职务。根据《中华人民共和国 公司法》（以下简称"《公司法》"）等有关法律法规及《公司章程》的规定， 刘邦涛先生递交的辞职书自送达董事会之日起生效，所负责工作已做好交接，其 辞职不会影响公司相关工作的正常进行。刘邦涛先生在担任公司财务总监期间恪 尽职守、勤勉尽责，公司董事会对刘邦涛先生为公司发展作出的贡献表示感谢。 为确保公司财务管理工作的顺利开展，根据《公司法》等相关法律法规、规 范性文件和《公司章程》的规定，经公司总经理提名，董事会提名委员会和董事 会审计委员会审查通过，公司于 2025 年 4 月 29 日召开第三届董事会第六次会议， 审议通过了《关于聘任 ...

Core Viewpoint - The company, ShenGong Co., Ltd. (688233), has shown significant growth in its financial performance for 2024 and Q1 2025, driven by the increasing demand for its semiconductor-grade silicon materials and components, particularly in the domestic market [1][2]. Financial Performance - In 2024, the company achieved a revenue of 302 million yuan, representing a year-on-year increase of 124% [1] - The net profit for 2024 was 41.15 million yuan, marking a turnaround from previous losses [1] - The net cash flow from operations was 173 million yuan, an increase of approximately 110% compared to the previous year [1] - For Q1 2025, the company reported a revenue of 106 million yuan, a year-on-year growth of 81.49% [1] - The net profit for Q1 2025 reached 28.51 million yuan, a staggering increase of 1850.70% [1] Business Segments - The company focuses on three main product categories: large-diameter silicon materials, silicon components, and semiconductor large-size silicon wafers [1] - The large-diameter silicon materials segment has seen rapid growth in the domestic market, surpassing the market share of Japan and South Korea [1][2] - Silicon components are primarily supplied to domestic etching machine manufacturers and major storage and logic fabs [1] - The silicon wafer products mainly target domestic integrated circuit manufacturers [1] Market Dynamics - The demand for large-diameter silicon materials is driven by downstream needs, leading to increased sales and order sizes [2] - The company is actively pursuing certifications from mainstream chip manufacturers for its 8-inch silicon wafer business while implementing cost-reduction strategies [2] - The domestic semiconductor supply chain is becoming increasingly secure, with the domestic production rate rising from below 10% to a more significant level [2][3] Industry Trends - The global semiconductor industry is at a critical turning point, with increased R&D investments and capacity expansions driving demand for equipment and materials [3] - The emergence of AI infrastructure is reshaping the competitive landscape, leading to accelerated adoption of new consumer electronics [3] - The company’s silicon components are crucial for domestic etching machine manufacturers and chip production, contributing to the security of the domestic semiconductor supply chain [3] International Trade Impact - The company has minimal direct procurement from the U.S., with only a small amount of indirect procurement, thus limiting the impact of recent U.S. tariffs [4] - In 2024, overseas sales accounted for only 30% of total revenue, with no sales to the U.S. [4] - The company is closely monitoring international and domestic policy changes to proactively manage potential impacts [4]

Financial Performance - The company's operating revenue for Q1 2025 reached ¥105,844,314.91, representing an increase of 81.49% compared to ¥58,320,271.69 in the same period last year[4] - Net profit attributable to shareholders was ¥28,510,674.09, a significant increase of 1,850.70% from ¥1,461,563.89 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥26,754,046.41, up 2,586.64% from ¥995,818.12 in the previous year[4] - Basic and diluted earnings per share were both ¥0.17, reflecting a 1,600.00% increase from ¥0.01 in the same quarter last year[4] - The operating profit for Q1 2025 was ¥36,960,800.31, compared to ¥3,055,479.43 in Q1 2024, reflecting a substantial growth[20] - The net profit for Q1 2025 was ¥32,724,599.81, up from ¥2,167,192.01 in Q1 2024, indicating a year-over-year increase of 1,409.5%[20] Cash Flow and Assets - The net cash flow from operating activities was ¥45,759,150.71, an increase of 33.71% compared to ¥34,222,489.38 last year[4] - The company’s cash and cash equivalents increased to CNY 319.72 million as of March 31, 2025, up from CNY 296.23 million at the end of 2024[16] - As of March 31, 2025, the company’s total current assets were CNY 1.14 billion, showing stability compared to the previous quarter[16] - Total assets at the end of the reporting period were ¥2,014,826,276.03, a 1.10% increase from ¥1,992,903,335.46 at the end of the previous year[5] - The total liabilities decreased to ¥132,681,510.00 in Q1 2025 from ¥143,600,833.61 in Q1 2024, a reduction of 7.6%[18] - Cash and cash equivalents at the end of the period totaled $290,046,397.10, down from $785,455,987.78 at the end of the previous period[24] Expenses and Investments - Research and development expenses totaled ¥5,620,221.52, accounting for 5.31% of operating revenue, down from 8.99% in the previous year[5] - The company reported a decrease in management expenses to ¥6,613,130.40 in Q1 2025 from ¥8,384,019.93 in Q1 2024, a decline of 20.9%[20] - Total cash outflow from investing activities was $257,171,899.00, compared to $25,861,187.86 in the previous period, indicating a substantial increase in investment spending[23] Strategic Focus - The increase in operating revenue was primarily driven by an increase in orders received[8] - The company is focusing on expanding its customer order scale and has seen steady growth in sales of silicon components in the domestic market[13] - The company is actively collaborating with clients on new product development, transitioning to mass production applications[13] - The company plans to enhance revenue growth through technology innovation and market expansion strategies[13] - The company has signed a concerted action agreement among major shareholders to strengthen governance and strategic alignment[12] Non-Recurring Items - The company reported non-recurring gains of ¥1,756,627.68 after accounting for tax effects and minority interests[7]

Group 1 - The company reported a revenue of 106 million yuan for the first quarter of 2025, representing a year-on-year increase of 81.49% [1] - The net profit for the same period was 28.51 million yuan, showing a significant year-on-year growth of 1,850.70% [1]

Group 1 - The stock of ShenGong Co., Ltd. (688233) has a comprehensive score of 54.03, indicating a strong performance [1] - The main cost analysis shows that the current main cost is 23.71 yuan, with a 5-day main cost of 22.86 yuan and a 20-day main cost of 23.73 yuan [1] - Over the past year, the stock has experienced one limit-up and no limit-down events [1] Group 2 - The short-term pressure level is at 24.02 yuan, while the short-term support level is at 22.80 yuan [2] - The mid-term pressure level is at 24.49 yuan, and the mid-term support level is at 19.30 yuan [2] - As of April 24, 2025, the net inflow of main funds is 3.07 million yuan, accounting for 5% of the total transaction amount [2]