Group 1 - The semiconductor sector continues to experience significant growth, with equipment-related stocks leading the surge [1] - Companies such as ShenGong Co. and Jiangfeng Electronics have reached a 20% limit-up, indicating strong market performance [1] - Other notable performers include Shengmei Shanghai and Weidao Nano, which have seen increases of over 10%, along with Beifang Huachuang, Jingyi Equipment, and Huahai Qingke, which are among the top gainers [1]

Group 1 - The semiconductor sector is experiencing a rebound after hitting a low point, with notable stocks such as Lianang Micro reaching the daily limit increase, and Hu Silicon Industry rising over 10% [1] - Other companies in the semiconductor industry, including Yuyuan Silicon, Zhongjing Technology, Shanghai Hejing, and Shenkong Co., also saw significant gains, indicating a positive trend in the sector [1]

Company Overview - Shen Gong Co., Ltd. is located in Jinzhou, Liaoning Province, and was established on July 24, 2013. The company was listed on February 21, 2020. Its main business involves the research, production, and sales of semiconductor-grade monocrystalline silicon materials [1][2]. Financial Performance - For the first half of 2025, Shen Gong achieved operating revenue of 209 million yuan, representing a year-on-year growth of 66.53%. The net profit attributable to the parent company was 48.84 million yuan, showing a significant year-on-year increase of 925.55% [2]. - Since its A-share listing, the company has distributed a total of 134 million yuan in dividends, with 28.70 million yuan distributed over the past three years [3]. Stock Performance - As of September 23, Shen Gong's stock price was 34.05 yuan per share, with a market capitalization of 5.799 billion yuan. The stock has increased by 45.67% year-to-date, but has seen a decline of 1.16% over the last five trading days and 9.08% over the last 20 days [1]. - The stock's trading volume on September 23 was 87.76 million yuan, with a turnover rate of 1.48% [1]. Shareholder Information - As of June 30, the number of shareholders for Shen Gong was 13,600, an increase of 13.79% from the previous period. The average number of circulating shares per shareholder was 12,514, which decreased by 12.12% [2]. Business Segmentation - The company's main revenue sources include silicon components (53.86%) and large-diameter silicon materials (44.37%), with 24.07% from silicon materials larger than 16 inches and 20.30% from those smaller than 16 inches. The contribution from semiconductor large-size silicon wafers is 1.44%, while other sources account for 0.33% [1]. Industry Classification - Shen Gong is classified under the Shenwan industry category of Electronics - Semiconductors - Semiconductor Materials. It is also associated with concepts such as small-cap stocks, specialized and innovative enterprises, QFII holdings, integrated circuits, and chip concepts [1].

证券代码：688233 证券简称：神工股份 公告编号：2025-033 锦州神工半导体股份有限公司 关于 2024 年限制性股票激励计划首次授予部分 第一个归属期归属结果公告 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。 要内容提示： 锦州神工半导体股份有限公司（以下简称"本公司"、"公司"）于 2025 年 9 月 22 日收到中国证券登记结算有限责任公司上海分公司出具的《过户登记 确认书》，公司已完成了 2024 年限制性股票激励计划（以下简称"本激励计划"） 首次授予部分第一个归属期归属的股份登记工作。现将有关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 项进行核实并出具了相关核查意见。 （2）2024 年 8 月 17 日，公司于上海证券交易所网站（www.sse.com.cn） 披露了《锦州神工半导体股份有限公司关于独立董事公开征集委托投票权的公 告》，根据公司其他独立董事的委托，独立董事张仁寿先生作为征集人，就公司 2024 年第二次临时股东大会审议的公司本次激励计划相关议案向公司全体股东 ...

国泰海通证券股份有限公司 关于锦州神工半导体股份有限公司 2025 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》（以下简称"《保荐办法》"）、《上 海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）、《上海证券交易 所上市公司自律监管指引第 11 号——持续督导》等有关法律、法规的规定，国 泰海通证券股份有限公司（以下简称"保荐机构"）作为锦州神工半导体股份有 限公司（以下简称"神工股份"和"公司"）持续督导工作的保荐机构，负责神 工股份上市后的持续督导工作，并出具本 2025 年半年度持续督导跟踪报告。本 持续督导半年度跟踪报告释义与公司 2025 年半年度报告一致。 | 项目 | 工作内容 | | --- | --- | | 1、建立健全并有效执行持续督导工作制度， | 保荐机构已建立健全并有效执行持续督导 | | | 工作制度，针对公司的具体情况确定持续 | | 针对公司的具体情况确定持续督导的内容 | 督导的内容和重点，督导公司履行有关上 | | 和重点，督导公司履行有关上市公司规范运 | | | | 市公司规范运作、信守承诺和信息披露等 | | 作、信守承诺和信息披露等义 ...

Core Viewpoint - The solar photovoltaic demand in Q2 2025 has rapidly increased due to domestic rush installations, leading to a recovery in revenue and gross margins for major industry chain companies. Additionally, the easing of U.S. tariffs has significantly improved profitability in the U.S. market after companies streamlined their supply chains [1] Industry Chain Summary - The revenue of the main industry chain has increased, and gross margins have generally recovered, although there is differentiation among segments and companies. The downstream battery and module prices have risen quickly due to the rush installations, while the performance of silicon materials and wafers continues to decline marginally. Overall gross margin recovery is noted, but the increase in shipment volumes has not significantly reduced overall losses in the sector [1] - In Q2 2025, the output of slurry slightly increased quarter-on-quarter, but performance was heavily impacted by costs. The introduction of low-cost metal slurry production is expected to provide significant revenue and profit growth opportunities for slurry companies. The profitability of junction boxes, frames, and solder strips has been under pressure, while overseas production capacity for frames has shown strong contributions. Glass and film prices and profits have recovered due to domestic rush installations, with strong demand for centralized inverters and energy storage systems [2] Financial Outlook - The financial statements for Q3 2025 are expected to show further recovery, with a focus on the progress of reducing internal competition. Since July, the price of silicon materials has risen significantly, and downstream silicon wafers and battery modules have experienced varying degrees of price adjustments. The overall profit and operating cash flow for the sector are anticipated to improve further in Q3 2025, although the performance of the module segment may face some pressure quarter-on-quarter. Glass and film prices are expected to gradually rise above the production cost line of second-tier leading companies [3] Recommended Companies - Recommended companies include: - Silicon material segment: Tongwei Co., Ltd. (600438.SH) - High-efficiency module leader: JinkoSolar (688233.SH) - New technology BC and slurry: Dike Co., Ltd. (300842.SZ), Juhe Materials (688503.SH) - Racking: CITIC Bo (688408.SH) - Glass: Xinyi Solar (00968), Flat Glass (601865.SH) - Inverters and energy storage: Deye Technology (605117.SH), Jinlang Technology (300763.SZ), Shangneng Electric (300827.SZ), Canadian Solar (688472.SH) [4]

Group 1: Semiconductor Equipment Manufacturers - Companies in the semiconductor equipment sector reported smooth progress in product research and market introduction, indicating a positive outlook for future developments [1] - MicroNano's ALD (Atomic Layer Deposition) equipment has achieved industrial application in high-k materials and metal compound films, with increasing production scale [1] - New Yichang has successfully validated multiple wire bonding and testing packaging equipment, receiving market recognition and bulk orders [1] Group 2: Semiconductor Testing Equipment - YaoMai Technology is advancing in semiconductor testing equipment across three levels: silicon photonic wafer testing, IC carrier board testing, and MEMS sensor testing [2] - The silicon photonic testing equipment has been continuously delivered to overseas wafer fabs, while IC carrier board testing is in the prototype system testing phase [2] - MEMS sensor testing equipment has gained recognition from leading domestic clients, with incremental orders being secured [2] Group 3: Semiconductor Materials Manufacturers - Domestic semiconductor manufacturers are rapidly enhancing competitiveness, breaking the original global industry pattern, with expansion becoming a key focus for semiconductor materials companies [3] - ShenGong Co. plans to steadily expand production capacity for silicon components, which will drive growth in large-diameter silicon materials [3] - The company anticipates that internal demand for silicon components will actively drive growth, rather than relying solely on overseas recovery [3] Group 4: Production Expansion Plans - TianCheng Technology is expanding production capacity to meet increasing orders, planning to increase the capacity of its Jinshan plant from 30,000 tons to 40,000 tons annually [4] - A new plant in Zhuhai with an annual capacity of 30,000 tons is set to begin construction soon, targeting the South China PCB market [4] - A fully-owned subsidiary in Thailand is expected to complete a 30,000-ton plant by 2026, enhancing supply capabilities in Southeast Asia [4] Group 5: Revenue Growth Expectations - Longtu Photoresist's new products from its Zhuhai plant are expected to gradually ramp up production in the second half of the year, leading to significant year-on-year revenue growth [5] - The company aims to leverage capacity release in Zhuhai as a turning point for performance recovery through high-end process breakthroughs and customer structure upgrades [5] - Fangbang Co., as an electronic materials platform enterprise, anticipates positive performance growth with the gradual ramp-up of new products such as peelable copper and flexible copper-clad laminates [5]

Core Insights - The "14th Five-Year Plan" has led to improved overall production and operational conditions for participating companies, with significant advancements in technological innovation and digital transformation [1] - The "15th Five-Year Plan" is viewed as a critical phase for accelerating new industrialization, with companies highlighting the need to address new challenges and enhance core technology capabilities [1][2] Group 1 - The meeting was attended by leaders from major companies such as Sinopec, Ansteel Group, and Xiaomi, who collectively acknowledged the positive outcomes of the "14th Five-Year Plan" [1] - Companies emphasized the importance of strengthening key core technology research, enhancing supply chain resilience, and promoting high-end, intelligent, and green development [1][2] Group 2 - Li Lecheng highlighted the dual nature of opportunities and challenges during the "15th Five-Year Plan," stressing the need for strategic focus and leveraging China's market advantages [2] - The plan aims to maintain a reasonable proportion of manufacturing, enhance value creation through quality, and promote the high-end positioning of Chinese products [2] - There is a call for increased investment in technological innovation and the formation of innovation alliances to tackle national technology challenges [2]

证券代码：688233 证券简称：神工股份 公告编号：2025-032 锦州神工半导体股份有限公司 2025年第一次临时股东大会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 9 月 9 日 （二） 股东大会召开的地点：公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 132 | | --- | --- | | 普通股股东人数 | 132 | | 2、出席会议的股东所持有的表决权数量 | 77,508,445 | | 普通股股东所持有表决权数量 | 77,508,445 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 45.7668 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 45.7668 | 注：上述出席会议的股东所持表决权数量占公司表 ...

北京市中伦律师事务所 关于锦州神工半导体股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：锦州神工半导体股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受锦州神工半导体股份有限 公司（以下简称"公司"）的委托，指派本所律师列席公司 2025 年第一次临时 股东大会（以下简称"本次股东大会"），对本次股东大会的相关事项进行见证 并出具法律意见书。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、中国证券监督管理委 员会《上市公司股东会规则》（以下简称"《股东会规则》"）和上海证券交易 所发布的《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》 等现行有效的法律、法规、规范性文件以及《锦州神工半导体股份有限公司章程》 （以下简称"《公司章程》"）、《锦州神工半导体股份有限公司股东大会议事 规则》（以下简称"《股东大会议事规则》"）的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师审查了公司本次股东大会的有关文件和材料。 法律意见书 本所律师得到公司如下保证，即其已提供了本所律师认为出具本法律意 ...