钜泉光电科技（上海）股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公 司 2025 年第三季度经营成果及财务状况，公司计划于 2025 年 11 月 28 日（星期 五）下午 13:00-14:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行 交流。 一、说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2025 年第三季度的经营成 果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围 内就投资者普遍关注的问题进行回答。 证券代码：688391 证券简称：钜泉科技 公告编号：2025-050 钜泉光电科技（上海）股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 11 月 28 日（星期五）下午 13:00-14:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 ...

北京达辉（上海）律师事务所 关于 钜泉光电科技（上海）股份有限公司 2025 年第一次临时股东会 2025 年第一次临时股东会 之 法律意见书 文号：达辉京证字[2025]第 H144001R02 号 之 法 律 意 见 书 北京达辉（上海）律师事务所 中国·上海市 南京西路 1515 号·静安嘉里中心 13 楼 北京达辉（上海）律师事务所 关于钜泉光电科技（上海）股份有限公司 致：钜泉光电科技（上海）股份有限公司 北京达辉（上海）律师事务所(以下称"本所")是具有中华人民共和国法律执业资格 的律师事务所。根据法律顾问协议，本所指派律师出席钜泉光电科技（上海）股份有 限公司(以下称"钜泉科技"或"公司")2025 年第一次临时股东会(以下称"本次股东 会")，并对公司提供的与题述事宜有关的法律文件及其他文件、资料予以了核查、验 证。现依据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会 规则》及其他中国境内1相关法律、法规、规章及规范性文件(以下合称"法律法规") 以及《钜泉光电科技（上海）股份有限公司章程》(以下称"《公司章程》")的规定， 就本次股东会相关事项出具本法律意见书。 公司在使用 ...

证券代码：688391 证券简称：钜泉科技 公告编号：2025-049 钜泉光电科技（上海）股份有限公司 2025年第一次临时股东会决议公告 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） 股东会召开的时间：2025 年 11 月 18 日 （二） 股东会召开的地点：上海市浦东新区龙东大道 3000 号张江集电港 1 号楼 B 区 1206 室会议室 （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 | 29 | | --- | --- | | 普通股股东人数 | 29 | | 2、出席会议的股东所持有的表决权数量 | 46,800,790 | | 普通股股东所持有表决权数量 | 46,800,790 | | 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例 | 40.6321 | | （%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（ ...

Core Viewpoint - The company emphasizes the importance of market value management and investor returns, outlining a strategic plan to enhance investment value and maintain shareholder rights [2] Group 1: Company Strategy - The company has developed the "2025 Quality Improvement and Efficiency Enhancement Action Plan" to focus on core business development and enhance competitive advantages [2] - The company aims to strengthen product research and development in emerging fields to achieve diversification [2] - The company is committed to steadily implementing shareholder return plans with a focus on investor interests [2] Group 2: Investor Communication - The company maintains communication with small and medium investors through various channels, including investor hotlines, emails, E-interaction platforms, and strategy meetings [2] - The goal of these communication efforts is to enhance investor confidence and maximize shareholder value [2]

Group 1 - The company, Jiuquan Technology, indicated on November 14 that investors should pay attention to the upcoming 2025 annual report to understand its specific operational situation [1]

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 58.897 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 3.887 billion yuan [1] - A total of 232 stocks saw net inflows, while 360 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 188 stocks rose while 396 stocks fell [1] - The stocks with the highest net inflows included Shengyi Electronics with 237 million yuan, followed by Shijia Photon and BeiGene-U with 188 million yuan and 178 million yuan respectively [1] Continuous Fund Flow Analysis - There are 49 stocks with continuous net inflows for more than three trading days, with Hangzhou Kelin leading at 11 consecutive days [2] - 137 stocks have seen continuous net outflows, with Aerospace Hongtu experiencing the longest streak at 13 days [2] Top Net Inflow Stocks - The top stocks by net inflow include: - Shengyi Electronics: 236.96 million yuan, 13.68% inflow rate, 2.06% increase [2] - Shijia Photon: 187.59 million yuan, 5.69% inflow rate, 2.19% increase [2] - BeiGene-U: 177.93 million yuan, 9.92% inflow rate, 5.62% increase [2] Notable Outflow Stocks - The stocks with the highest net outflows include: - Trina Solar: 444.5 million yuan, 6.43% decrease [1] - Western Superconducting: 333 million yuan [1] - Lanke Technology: 291 million yuan [1]

证券代码：688391 证券简称：钜泉科技 钜泉光电科技（上海）股份有限公司 2025 年第一次临时股东会 会议材料 2025 年 11 月 18 日 | 变更登记的议案 7 | | --- | 钜泉光电科技（上海）股份有限公司 2025 年第一次临时股东会会议材料 钜泉光电科技（上海）股份有限公司 重大信息，会议主持人或相关负责人有权拒绝回答。 六、出席股东会的股东及股东代理人，应当对提交表决的议案发表如下意见 之一：同意、反对或弃权。现场出席的股东或股东代理人请务必在表决票上签署 股东名称或姓名。未填、错填、字迹无法辨认的表决票、未投的表决票均视为投 票人放弃表决权利，其所持股份的表决结果计为"弃权"。 三、为保证股东会的严肃性和正常秩序，切实维护与会股东的合法权益，除 出席会议的股东及股东代理人、公司董事、监事、高级管理人员、见证律师及董 事会邀请的人员外，公司有权拒绝其他人员进入会场。 2025 年第一次临时股东会会议须知 四、开会期间参会人员应注意维护会场秩序，不要随意走动，手机调整为静 音状态，谢绝个人录音、录像及拍照，对干扰会议正常程序、寻衅滋事或侵犯其 他股东合法权益的行为，会议工作人员有权予 ...

Core Viewpoint - The decision by Jiuquan Technology to terminate the "Lingang R&D Center Construction Project" highlights concerns regarding the efficiency of fundraising projects in the semiconductor industry, particularly in the context of changing market demands and internal strategic shifts [1][2][5]. Group 1: Project Termination Reasons - The termination of the project is attributed to three main factors: external changes leading to cost overruns, a lack of demand for new office space, and the existing R&D team's capabilities being sufficient to support ongoing projects without additional investment [2]. - As of September 30, 2025, only 6.66% of the planned investment had been utilized, with 87.24 million yuan remaining idle, indicating a need for improved capital efficiency [2]. Group 2: Financial Pressure - Jiuquan Technology reported a total revenue of 408 million yuan for the first three quarters of 2025, a year-on-year decline of 9.17%, with net profit dropping by 37.71% to 44.54 million yuan [3]. - The company experienced a significant cash flow issue, with operating cash flow at -102 million yuan, a decrease of 219.30% year-on-year, and accounts receivable increasing by 54.93%, indicating potential collection risks [3]. Group 3: Strategic Adjustments - Despite the project termination, Jiuquan Technology is pursuing new capital operations, including a 150 million yuan investment in an industrial fund focused on the semiconductor and integrated circuit sectors [4]. - The company emphasizes that the termination aligns with regulatory guidelines and aims to optimize resource allocation in line with future strategic goals [4]. Group 4: Market Implications - The case of Jiuquan Technology serves as a warning for the semiconductor industry, where many fundraising projects may suffer from misalignment with actual market needs, leading to inefficiencies [5]. - Investors are advised to focus on the feasibility of fundraising projects, progress management, and synergies with core business operations rather than solely relying on financial metrics [5].

Core Insights - The article highlights the increasing importance of capital in driving technological breakthroughs and upgrading the semiconductor supply chain amid intensifying global competition and accelerated domestic production processes [1] Group 1: Major Investments - The National Big Fund Phase III has invested 100 million RMB in Nantong Crystal, increasing its registered capital from 300 million RMB to 400 million RMB, with a 25% stake [2] - China Life Insurance has announced a 2 billion RMB investment in a new fund focusing on semiconductors and smart electric vehicles, reflecting a strategic shift towards high-tech sectors [5][6] - Juyuan Technology plans to invest 150 million RMB through its wholly-owned subsidiary in a fund targeting the semiconductor and integrated circuit sectors [8][12] - Fulede Technology is participating in a private investment fund focused on the semiconductor industry, contributing 30 million RMB, which represents about 2.4% of the fund's total size [13][15] Group 2: Industry Focus - Nantong Crystal specializes in high-performance synthetic quartz materials, essential for semiconductor manufacturing, particularly in producing photomask substrates [4] - The investments from China Life Insurance are part of a broader strategy to support key emerging industries, including semiconductors, digital energy, and smart electric vehicles [6][7] - Juyuan Technology aims to enhance its influence in the upstream materials and technology sectors of semiconductors through its investment [12] - Fulede Technology's investment strategy includes targeting upstream materials and chip design, as well as emerging hard-tech fields like artificial intelligence and robotics [15] Group 3: Strategic Implications - The investments from the National Big Fund, China Life, Juyuan Technology, and Fulede Technology demonstrate a strong confidence and long-term strategy in the semiconductor sector, focusing on critical pain points such as materials and design [16] - The establishment and operation of these funds are expected to facilitate breakthroughs in the domestic production of key materials like photomasks, contributing to a more complete ecosystem for chip design, manufacturing, and packaging [16]

Core Viewpoint - The company announced the termination of the "Lingang R&D Center Construction Project," which was part of the excess fundraising from its initial public offering, due to changes in project feasibility and alignment with current strategic needs [2][3] Group 1: Project Termination Details - The total investment for the terminated project was 292.85 million yuan, with only 19.51 million yuan (6.66%) of the raised funds utilized as of September 30, 2025 [2] - The decision to terminate the project was made during the third meetings of the sixth board of directors and supervisors, and it will be submitted for shareholder approval [2] Group 2: Reasons for Termination - Significant external changes in project construction have led to costs exceeding initial budgets, and there is currently no necessity for a new office building [2] - The company's current product R&D strategy and human resource planning do not require large-scale hiring, making the original project plans misaligned with actual needs [2] - The existing R&D team's expertise and capabilities are sufficient to support ongoing projects without the need for additional investments in new facilities or equipment [2] Group 3: Future Plans - The company aims to enhance the efficiency of fund usage and avoid long-term idleness of funds by terminating the project after careful research and comprehensive evaluation [3] - Remaining raised funds will be managed in a dedicated account, and the company will actively seek new projects with strong profitability and good development prospects [3]