Core Viewpoint - The domestic semiconductor equipment replacement has shifted from an "optional" choice to a "mandatory" requirement due to external technology blockades and supply chain risks, leading to significant opportunities for local equipment manufacturers [3]. Group 1: Semiconductor Equipment Market Growth - In 2024, the semiconductor equipment sales in mainland China are projected to reach $49.55 billion, representing a year-on-year growth of 35.2%, making it the largest semiconductor equipment market globally for five consecutive years since 2020 [3]. - The semiconductor wafer production capacity in mainland China is expected to reach 10.1 million pieces per month by 2025, accounting for nearly one-third of the global total, with a growth rate leading the world [11]. Group 2: Company Performance - Zhongke Feimeasure (688361.SH), a domestic manufacturer specializing in semiconductor measurement equipment, is expected to achieve a revenue of between 1.95 billion and 2.15 billion yuan in 2025, reflecting a year-on-year increase of 41.27% to 55.75%, and a net profit of approximately 48 million to 72 million yuan, indicating a turnaround to profitability [4]. Group 3: Importance of Measurement Equipment - Semiconductor measurement equipment plays a critical role in the chip manufacturing process, where even minor deviations can lead to significant defects, with the number of fatal defects increasing by approximately 50% with each new process node [7][8]. - The measurement equipment is essential for identifying defects and measuring physical parameters, which are vital for controlling chip yield [8]. Group 4: Market Share and Future Prospects - The market share of semiconductor measurement equipment has reached 15.67% of the total semiconductor equipment market, establishing it as the fourth major segment following lithography, etching, and thin film deposition [14]. - The domestic semiconductor measurement equipment market is projected to grow rapidly, with a market size of $5.59 billion in 2024, reflecting a compound annual growth rate of over 30% since 2020 [12].

Group 1 - Zhongke Feimeasure's stock increased by 5.03%, reaching 205.10 CNY per share, with a trading volume of 1.154 billion CNY and a turnover rate of 2.36%, resulting in a total market capitalization of 71.818 billion CNY [1] - The company, Shenzhen Zhongke Feimeasure Technology Co., Ltd., was established on December 31, 2014, and went public on May 19, 2023. Its main business involves the research, production, and sales of integrated circuit equipment in two categories: testing and measurement [1] - The revenue composition of the company is as follows: testing equipment accounts for 60.72%, measurement equipment for 36.40%, and services and others for 2.88% [1] Group 2 - The Qianhai Kaiyuan High-end Equipment Manufacturing Mixed A Fund (001060) holds Zhongke Feimeasure as its ninth largest position, having reduced its holdings by 109,800 shares to 75,800 shares, which represents 5.81% of the fund's net value [2] - The fund has achieved a year-to-date return of 17.28%, ranking 407 out of 8,889 in its category, and a one-year return of 54.09%, ranking 960 out of 8,136 [2] - The fund manager, Wei Chun, has been in position for 7 years and 50 days, with the fund's total asset size at 2.523 billion CNY and a best return of 171.39% during his tenure [3]

本次减持计划实施前，深圳中科飞测科技股份有限公司（以下简称"公司"）的股东国投（上海）科技成 果转化创业投资基金企业（有限合伙）（以下简称"国投创业基金"）持有公司30,259,767股，占公司总 股本的8.64%，均为公司首次公开发行前取得的股份，已于2024年5月20日上市流通。 ● 减持计划的实施结果情况 根据公司于2025年10月25日在上海证券交易所网站（www.sse.com.cn）披露的《深圳中科飞测科技股份 有限公司股东减持股份计划公告》（公告编号：2025-053），因自身资金安排需要，国投创业基金计划 以集中竞价交易和大宗交易的方式减持其持有的公司股份，减持期间为自减持计划披露之日起十五个交 易日后的三个月内，合计减持数量不超过10,504,896股（占公司总股本的比例不超过3.00%）。其中： 以集中竞价交易方式减持股份，减持数量不超过3,501,632股（占公司总股本比例不超过1.00%）；以大 宗交易方式减持股份，减持数量不超过7,003,264股（占公司总股本比例不超过2.00%）。 本公司董事会、全体董事及相关股东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 ...

证券代码：688361 证券简称：中科飞测 公告编号：2026-006 深圳中科飞测科技股份有限公司 股东减持计划时间届满暨减持股份结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 根据公司于2025年10月25日在上海证券交易所网站（www.sse.com.cn）披露的《深圳中科飞测科技股份 有限公司股东减持股份计划公告》（公告编号：2025-053），因自身资金安排需要，国投创业基金计划 以集中竞价交易和大宗交易的方式减持其持有的公司股份，减持期间为自减持计划披露之日起十五个交 易日后的三个月内，合计减持数量不超过10,504,896股（占公司总股本的比例不超过3.00%）。其中： 以集中竞价交易方式减持股份，减持数量不超过3,501,632股（占公司总股本比例不超过1.00%）；以大 宗交易方式减持股份，减持数量不超过7,003,264股（占公司总股本比例不超过2.00%）。 公司于近日收到国投创业基金出具的《关于股份减持情况的告知函》，截至2026年2月16日，国投创业 基金通过集 ...

Shareholder Reductions - Fushi Holdings' shareholder Song Chunqing plans to reduce holdings by no more than 2% [1] - Yasheng Optoelectronics' director Lin Xuefeng intends to reduce holdings by no more than 0.976% [1] - Ruisheng Intelligent's shareholder Ruihe Sheng has cumulatively reduced 2% of the company's shares [1] - Jingjin Electric's shareholder Chenghui International has already reduced 1.00% of the company's shares [1] - Zhongke Feimiao's shareholder Guotou Chuangye Fund has cumulatively completed a reduction of 0.85% of the company's shares [1] - Saiwu Technology's shareholder Dongyun Chuangtou has cumulatively reduced 4.3468 million shares [1] - Huizhiwei's shareholder GZPA has reduced 4.6684 million shares [1] - Zhixin Precision's director Zhang Guojun plans to reduce holdings by no more than 1.8562% [1] - Hengtong Co., Ltd.'s shareholder Liu Zhendong plans to reduce holdings by no more than 21.4256 million shares [1] - Jingneng Thermal Power's shareholder Zhao Yibo has cumulatively reduced 3.018 million shares [1] - Lanfeng Biochemical's shareholder Hainan Wenqin has reduced 3.5648 million shares [1] - China Nuclear Construction's shareholder China Cinda has reduced 8.0354 million shares [1] - Gaiyang New Energy's shareholder Ningxia Bitai has cumulatively reduced 44.3618 million shares [1] Other Corporate Actions - Kaipu Cloud has terminated a major asset restructuring [1]

证券代码：688361 证券简称：中科飞测 公告编号：2026-006 减持计划的实施结果情况 根据公司于 2025 年 10 月 25 日在上海证券交易所网站（www.sse.com.cn） 披露的《深圳中科飞测科技股份有限公司股东减持股份计划公告》（公告编号： 2025-053），因自身资金安排需要，国投创业基金计划以集中竞价交易和大宗交 易的方式减持其持有的公司股份，减持期间为自减持计划披露之日起十五个交易 日后的三个月内，合计减持数量不超过 10,504,896 股（占公司总股本的比例不超 过 3.00%）。其中：以集中竞价交易方式减持股份，减持数量不超过 3,501,632 股（占公司总股本比例不超过 1.00%）；以大宗交易方式减持股份，减持数量不 超过 7,003,264 股（占公司总股本比例不超过 2.00%）。 公司于近日收到国投创业基金出具的《关于股份减持情况的告知函》，截至 2026 年 2 月 16 日，国投创业基金通过集中竞价交易累计减持公司股份 2,992,574 股，占公司当前总股本的 0.85%。本次减持时间区间届满，现将减持情况公告如 下： 1 深圳中科飞测科技股份有限公司 ...

格隆汇2月24日丨中科飞测(688361.SH)公布，公司于近日收到国投创业基金出具的《关于股份减持情况 的告知函》，截至2026年2月16日，国投创业基金通过集中竞价交易累计减持公司股份299.26万股，占 公司当前总股本的0.85%。本次减持时间区间届满。 ...

Group 1 - The core point of the article is that the shareholder Guotou (Shanghai) Technology Achievement Transformation Venture Capital Fund has completed its planned share reduction, selling a total of 299.26 million shares, which is 0.85% of the company, for a total cash amount of 485 million yuan [1][1][1] - The initial plan was to reduce up to 10.50 million shares (3.00%) within three months after the expiration of the 15 trading days [1][1] - As of February 16, 2026, the shareholder still holds 27.27 million shares, representing 7.79% of the company, with 751.23 million shares remaining to be reduced [1][1][1]

Summary of Key Points from the Conference Call Industry Overview - The conference call focused on the storage device industry, particularly highlighting the performance of major companies such as SK Hynix and Samsung, as well as semiconductor equipment leaders like ASML, AMAT, LAM, and Teradyne [1][2]. Core Insights and Arguments - **Market Performance**: During the Spring Festival holiday, overseas indices saw widespread gains, with many European and East Asian indices reaching new highs [1]. - **Strong Demand in Storage Sector**: The storage sector has shown robust performance, with SK Hynix and Samsung's stock prices hitting new highs. The optimism is driven by a surge in real demand due to AI advancements and disciplined capacity expansion by manufacturers, alongside cleanroom limitations leading to supply imbalances [1][2]. - **Valuation Shift**: The global storage market is currently priced as a typical cyclical asset. However, there is an expectation that it will transition to a growth phase, with valuations potentially increasing from 5X-6X to 10X, 15X, or even 20X [1]. Additional Important Content - **Domestic Expansion**: The expansion of domestic storage capabilities in China is expected to resonate with both market conditions and domestic substitution. Companies like Jin Hua are projected to have expansion plans exceeding one million units, significantly outpacing overseas competitors [2]. - **Investment Recommendations**: Suggested investments include: - Front-end equipment: Precision Electronics, Tuo Jing Technology, Northern Huachuang, Jingyi Equipment, Zhongke Feicai, and Zhongwei Company. - Back-end testing equipment and materials were also mentioned, although specific companies were not detailed in the provided text [2].

经济观察网 近7天（截至2026年2月13日），中科飞测（688361）股价波动显著，整体呈现回调态势。 根据内部数据库，2月13日最新股价为188.00元，较7日前（2月6日收盘价192.0元）下跌2.08%，区间振 幅达7.64%。其中，2月9日股价一度上涨3.75%至199.20元，但随后连续回调，2月13日单日跌幅为 2.19%。 板块变化情况 板块层面，半导体设备板块近期受行业热点催化，但中科飞测同期表现弱于板块（半导体板块近5日跌 0.75%），需关注个体与板块的分化。 以上内容基于公开资料整理，不构成投资建议。 资金面情况 资金面方面，2月11日主力资金净流出3135.42万元，而2月13日早盘主力净流出进一步扩大至约289.71万 元，资金面承压迹象明显。成交额在2月9日放大至11.23亿元后逐步收缩，2月13日早盘成交额仅927万 元，市场活跃度下降。 ...