Core Viewpoint - The Ministry of Industry and Information Technology of China has announced the 2025 list of national consumer brands, featuring 276 brands, including 12 from Liaoning province, with three brands from Shenyang, namely He Feng, Tao Li, and Dongsoft Medical, covering the food and pharmaceutical industries [1] Group 1 - The "China Consumer Brand" initiative aims to establish a consumer brand system led by enterprise and regional brands, promoting high-quality development in the consumer goods industry [1] - The selected brands are recognized for their independent innovation, high quality, and good reputation [1]

证券代码：688233 证券简称：神工股份 公告编号：2026-008 锦州神工半导体股份有限公司 | 1、出席会议的股东和代理人人数 | 155 | | --- | --- | | 普通股股东人数 | 155 | | 2、出席会议的股东所持有的表决权数量 | 73,554,131 | | 普通股股东所持有表决权数量 | 73,554,131 | | 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 | 43.3511 | | 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（%） | 43.3511 | 2026年第一次临时股东会决议公告 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） 股东会召开的时间：2026 年 2 月 10 日 （二） 股东会召开的地点：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： 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 注：上述出席会议的股东所持表决权数量占公司表决权 ...

2026 年第一次临时股东会的 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 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 2026 年第一次临时 股东会（以下简称"本次股东会"），对本次股东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会议事规 则》（以下简称"《股东会议事规则》"）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见书所必 需的 ...

| 锦州神工半导体股份有限公司 | 2026 年第一次临时股东会会议须知 | 3 | | --- | --- | --- | | 锦州神工半导体股份有限公司 | 2026 年第一次临时股东会会议议程 | 5 | | 议案一： | 《关于终止部分募投项目并将节余募集资金永久补充流动资金的议案》 | 6 | 2 锦州神工半导体股份有限公司 2026 年第一次临时股东会会议资料 锦州神工半导体股份有限公司 2026 年第一次临时股东会会议资料 锦州神工半导体股份有限公司 2026 年第一次临时股东会 会议资料 二○二六年二月 锦州神工半导体股份有限公司 2026 年第一次临时股东会会议资料 目录 锦州神工半导体股份有限公司 2026 年第一次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会 的顺利进行，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》"）《上市公司股东会规则》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 份有限公司股东会议事规则》等相关规定，锦州神工半导体股份有限公 ...

Group 1 - The stock of Shen Gong Co., Ltd. fell by 5.02% on February 4, closing at 90.23 yuan per share, with a trading volume of 277 million yuan and a turnover rate of 1.78%, resulting in a total market capitalization of 15.367 billion yuan [1] - Shen Gong Co., Ltd., established on July 24, 2013, and listed on February 21, 2020, specializes in the research, production, and sales of semiconductor-grade single crystal silicon materials. The main revenue composition includes silicon components at 53.86% and large diameter silicon materials at 44.37%, with 16-inch and above accounting for 24.07% and below 16-inch for 20.30%, and semiconductor large-size silicon wafers at 1.44% [1] Group 2 - Yongying Fund has one fund heavily invested in Shen Gong Co., Ltd. The Yongying Pioneer Semiconductor Smart Mixed Fund A (025208) held 8 million shares in the fourth quarter, accounting for 6.01% of the fund's net value, making it the eighth largest holding. The estimated floating loss today is approximately 38.16 million yuan [2] - The Yongying Pioneer Semiconductor Smart Mixed Fund A (025208) was established on September 12, 2025, with a current scale of 690 million yuan. Year-to-date returns are 27.82%, ranking 31 out of 8,873 in its category, and since inception, the return is 70.47% [2]

Group 1 - The core viewpoint of the news is that ShenGong Co., Ltd. experienced a stock price increase of 5.01%, reaching 94.33 CNY per share, with a trading volume of 467 million CNY and a turnover rate of 2.99%, resulting in a total market capitalization of 16.065 billion CNY [1] - ShenGong Co., Ltd. is located in Jinzhou, Liaoning Province, and was established on July 24, 2013, with its listing date on February 21, 2020. The company specializes in the research, production, and sales of semiconductor-grade single crystal silicon materials [1] - The main business revenue composition of ShenGong Co., Ltd. includes silicon components at 53.86%, large diameter silicon materials at 44.37%, with over 16 inches accounting for 24.07% and under 16 inches for 20.30%. The revenue from semiconductor large-size silicon wafers is 1.44%, and other revenues account for 0.33% [1] Group 2 - From the perspective of the top ten circulating shareholders, Guotai Fund has a fund that ranks among the top ten shareholders of ShenGong Co., Ltd. The Guotai CSI Semiconductor Materials and Equipment Theme ETF (159516) entered the top ten shareholders in the third quarter, holding 1.0754 million shares, which is 0.63% of the circulating shares [2] - The Guotai CSI Semiconductor Materials and Equipment Theme ETF (159516) was established on July 19, 2023, with a latest scale of 9.011 billion CNY. It has achieved a return of 13.39% this year, ranking 106 out of 5562 in its category, and a return of 78.23% over the past year, ranking 211 out of 4285 [2] - The fund manager of the Guotai CSI Semiconductor Materials and Equipment Theme ETF (159516) is Ai Xiaojun, who has a cumulative tenure of 12 years and 25 days, managing total fund assets of 188.501 billion CNY, with the best fund return during his tenure being 348.34% and the worst being -46.54% [2]

Group 1 - The core point of the article highlights the performance of the Zhongzheng 2000 ETF (563300), which opened with a gain of 1.17% at 1.472 yuan [1] - The top-performing stocks within the ETF include Ding Tong Technology, which rose by 2.53%, and Jiao Cheng Ultrasound, which increased by 1.85% [1] - The fund's performance benchmark is the Zhongzheng 2000 Index return, managed by Huatai-PB Fund Management Co., with a return of 45.49% since its establishment on September 6, 2023, and a monthly return of 6.52% [1]

Group 1 - February macro outlook indicates a favorable macro environment for equity markets, with expectations of strong economic and credit data at the beginning of the year [7][9] - The strategy outlook suggests a transition in market styles, with a focus on growth "rest" and a continued bullish stance while adjusting portfolio structures [9][10] - The quantitative strategy emphasizes investing in small-cap stocks and taking long positions before the Spring Festival [10] Group 2 - The February gold stock selection includes companies from various sectors: - Electronics: Shiyun Circuit, Shengkong Co. - Consumer Electronics: Baiwei Storage - Computing: Yunsai Zhiliang - Communication: Kexin Innovation Source - Non-ferrous Metals: Shengtun Mining, Luoyang Molybdenum - Machinery: Zhonglian Heavy Industry - Coal: Huaibei Mining - Non-bank Financials: Dongfang Securities [12][14] - The rationale for selected stocks includes: - Shiyun Circuit is expected to benefit from emerging fields such as commercial aerospace and intelligent driving, potentially leading to significant growth [13] - Shengkong Co. is positioned to gain from the semiconductor cycle, with demand driven by AI and storage needs [17] - Baiwei Storage is set to capitalize on the AI infrastructure boom, with a focus on domestic market share growth [20] - Yunsai Zhiliang is anticipated to see increased demand for cloud services and IDC, driven by AI advancements [22] - Kexin Innovation Source is expected to achieve breakthroughs in the AI liquid cooling market, enhancing revenue and profitability [26] - Shengtun Mining is projected to improve profitability through copper price increases and strategic acquisitions [31] - Luoyang Molybdenum is expected to benefit from increased copper and cobalt production, alongside new gold mining projects [35] - Zhonglian Heavy Industry is positioned for growth through diversification in machinery sectors and global expansion [40] - Huaibei Mining is highlighted for its high elasticity in coking coal, with price improvements expected in 2026 [46] - Dongfang Securities is set to benefit from regulatory support and potential mergers, enhancing its market position [49]

Investment Rating - The report maintains an "Outperform" rating for the new materials industry [1][8]. Core Insights - The new materials sector outperformed the CSI 300 index in January 2026, with the new materials index rising by 10.54%, surpassing the CSI 300's increase of 1.90% by 8.64 percentage points [8][12]. - Basic metal prices saw a general increase in January 2026, with notable price changes including copper (1.23%), aluminum (2.79%), zinc (4.74%), and tin (34.93%) [8][37]. - Global semiconductor sales continued to grow, with November 2025 figures showing a 29.8% year-on-year increase, marking the 25th consecutive month of growth [8][42]. - The new materials sector is expected to benefit from the ongoing recovery in downstream demand and the push for domestic alternatives, indicating a potential growth cycle ahead [8][21]. Summary by Sections Industry Performance Review - The new materials index showed strong performance in January 2026, ranking 7th among 30 major industry sectors [12][16]. - A total of 170 stocks in the new materials sector were analyzed, with 141 stocks rising and 25 falling in January [17][20]. - The sector's valuation increased, with the new materials index PE (TTM) at 31.72, reflecting a 4.21% month-on-month increase [21][24]. Important Industry Data Tracking - In December 2025, the Consumer Price Index (CPI) rose by 0.2% month-on-month, while the Producer Price Index (PPI) increased by 0.2% [30][31]. - Basic metal prices and inventory changes were tracked, showing significant fluctuations in January 2026 [37][40]. - The export volume of superhard materials increased by 3.39% in December 2025, although the export value saw a slight decline [50][50]. Industry Dynamics - The establishment of the humanoid robot standard committee in Beijing and the introduction of the first group standard for functional diamonds highlight ongoing developments in the new materials sector [2]. - The implementation of the action plan for upgrading the non-ferrous metal industry in Henan province indicates regional efforts to enhance industry standards [2].

Summary of the Conference Call for ShenGong Co., Ltd. Company Overview - ShenGong Co., Ltd. is positioned as a global company with significant stock elasticity, primarily engaged in the production of large-size single crystal silicon materials and etching electrodes, which are interdependent in the supply chain [2][3] Core Industry Insights - The etching electrodes are consumables with high market demand elasticity, particularly driven by the storage chip etching process, where over 90% of ShenGong's products are utilized [2][3] - The company benefits from the current storage cycle, which is expected to provide a broad market outlook [2] Customer Base - ShenGong's clients include etching machine manufacturers (e.g., Tail, Lamb) and wafer fabs, with a strong domestic market share [2][3] - The overseas market is primarily dominated by Japanese and Korean companies, but the AI-driven storage cycle presents opportunities for ShenGong to gain international orders [2] Growth Path 1. **Step One: Overseas Order Spillover** - The company aims to replicate the overseas order spillover seen in 2021, where total capacity was approximately 500 million with a utilization rate of around 50%, to enhance capacity utilization and profit growth [2][3][4] 2. **Step Two: Expansion of Changxin and Changcun** - With the domestic expansion of Changxin and Changcun, the market size is projected to reach 70 billion, allowing ShenGong to collaborate with domestic etching machine manufacturers and achieve domestic substitution [2][4] 3. **Step Three: Global Expansion Post-2028** - If Korean companies expand production, ShenGong will face competition from Japanese and Korean firms. However, Chinese manufacturers may be more competitive, potentially securing large global orders [2][4] Market Potential - The overall market for consumables is expected to exceed 20 billion, with the Chinese market alone estimated at 7 billion [4] - The company is optimistic about its future growth potential and stock performance, indicating significant room for upward movement as it has only completed the first step of its growth strategy [3][4]