（文章来源：第一财经） Wind数据显示，9月1日，镇洋发展、芯原股份、申科股份等13只个股停牌。 | 股票简称 | 停牌类型 | 停牌原因 | | --- | --- | --- | | 镇洋发展 | 停牌一天 | 拟筹划重大资产重组 | | 芯原股份 | 停牌- 一天 | 拟筹划重大资产重组 | | 申科股份 | 停牌- 一天 | 重大事项 | | 晶升股份 | 停牌一天 | 重要公告 | | 旷达科技 | 今起停摆 | 重大事项 | | 中本国际 | 今起停牌 | 拟筹划重大资产重组 | | 中环海陆 | 停牌一天 | 車大事项 | | 中国重工 | 停牌- 天 | 重要公告 | | 东芯股份 | 停牌一天 | 重要事项未公告 | | 东珠生态 | 停牌一天 | 拟筹划重大资产重组 | | *ST紫天 | 停牌- 天 | 重大事项 | | *ST广道 | 停牌- 一天 | 股票交易异常波动 | | *ST天茂 | 停牌一天 | 重大事项 | ...

Financial Performance - The company reported total revenue of 158 million yuan for the first half of 2025, a year-on-year decrease of 20.29% [1] - The net profit attributable to shareholders was -7.45 million yuan, down 121.29% year-on-year [1] - The gross profit margin fell to 3.87%, a decrease of 87.38% compared to the previous year [1] - The net profit margin was -4.7%, down 126.71% year-on-year [1] - Accounts receivable increased by 58.51% year-on-year, reaching 179 million yuan [1] Operational Insights - The company's return on invested capital (ROIC) was 3.25% last year, indicating weak capital returns [3] - The average operating cash flow over the past three years was negative, with a ratio of -19.14% to current liabilities [3] - The company has a healthy cash asset position, but the financial expenses have been a concern due to negative cash flow from operating activities [3] Market Position and Future Outlook - The semiconductor-grade single crystal silicon furnace business is expected to grow significantly this year, with high technical barriers and maintained gross margins [4] - The delivery cycle for major products is approximately 3-4 months for silicon carbide single crystal furnaces and around 6 months for semiconductor-grade single crystal silicon furnaces [5] - The company is focusing on market share acquisition and deep cooperation with key customers, prioritizing long-term growth over short-term profits [6] Shareholder Actions - The chairman's shareholding increase is based on confidence in the company's future development and long-term investment value [7] - The increase in shareholding is still ongoing, with the company committed to timely information disclosure regarding the progress [7]

Group 1 - The company reported a revenue of 158 million yuan for the first half of 2025, representing a year-on-year decrease of 20.29% [1] - The net profit attributable to shareholders of the listed company was -7.45 million yuan, a year-on-year decline of 121.29% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -20 million yuan, showing a year-on-year decrease of 213.81% [1] - The basic earnings per share were -0.05 yuan [1]

证券代码：688478 证券简称：晶升股份 公告编号：2025-041 南京晶升装备股份有限公司 第二届董事会第十三次会议决议公告 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、准确性和完整性承担法律责任。 一、董事会会议召开情况 南京晶升装备股份有限公司（以下简称"公司"）第二届董事会第十三次会 议通知已于2025年8月19日向全体董事发出，会议于2025年8月29日在公司会议室 以现场及通讯方式召开。会议应出席董事7名，实际出席董事7名，本次会议由董 事长李辉主持。本次会议的召集、召开及表决程序符合《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》"）等有关法律、行政法规、规范性文件和《南京晶升装备股份有限公司章 程》（以下简称"《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 （一）审议通过《关于2025年半年度报告及摘要的议案》 董事会认为：公司2025年半年度报告及摘要的编制和审议程序符合相关法律、 法规及《公司章程》等内部管理制度的规定。报告内容真实、准确、完整地反映 了公 ...

华泰联合证券有限责任公司 关于南京晶升装备股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐机构名称：华泰联合证券有限责任公司 | 被保荐公司简称：晶升股份 | | --- | --- | | 保荐代表人姓名：姚黎 | 联系电话：025-83387749 | | 保荐代表人姓名：范哲 | 联系电话：025-83387697 | 根据《中华人民共和国证券法》《证券发行上市保荐业务管理办法》和《上 海证券交易所科创板股票上市规则》等有关法律、法规的规定，华泰联合证券有 限责任公司（以下简称"华泰联合证券"或"保荐机构"）作为南京晶升装备股 份有限公司（以下简称"晶升股份"或"公司"）首次公开发行股票的保荐机构， 对晶升股份进行持续督导，并出具本持续督导跟踪报告： 一、保荐机构和保荐代表人发现的问题及整改情况 公司2025年半年度报告显示，归属于上市公司股东的净利润-745.09万元，较 上年同期减少121.29%；归属于上市公司股东的扣除非经常性损益后的净利润- 1,973.75万元，较上年同期减少213.81%，下降幅度较大。保荐机构知悉上述情况 后，通过管理层访谈和查阅财务资料等方式对公司经营情况、财 ...

[Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The board ensures the report's accuracy, highlights investment risks, and confirms the report is unaudited with no profit distribution plan - The company's board of directors, directors, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, free from false records, misleading statements, or major omissions, and assume individual and joint legal liabilities[3](index=3&type=chunk) - The company has described potential risks in this report; investors are advised to refer to 'Section III Management Discussion and Analysis', 'IV. Risk Factors' and be aware of investment risks[3](index=3&type=chunk) - This semi-annual report is unaudited[4](index=4&type=chunk) - Forward-looking statements regarding future plans and development strategies in this report do not constitute a substantive commitment by the company to investors; investors are advised to be aware of investment risks[5](index=5&type=chunk) - No profit distribution plan or capital reserve conversion to share capital plan was approved by the board of directors for the current reporting period[5](index=5&type=chunk) [Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section provides definitions for key industry terms and reporting period details - Company full name: Nanjing JingSheng Equipment Co, Ltd, abbreviation: JingSheng Equipment[11](index=11&type=chunk) - Reporting period: January to June 2025[11](index=11&type=chunk) - End of reporting period: June 30, 2025[11](index=11&type=chunk) - Key industry terms such as semiconductor, integrated circuit, wafer, substrate, epitaxial wafer, and third-generation semiconductor materials (silicon carbide, gallium nitride) are defined in detail[11](index=11&type=chunk)[12](index=12&type=chunk) [Section II Company Profile and Key Financial Indicators](index=7&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section outlines the company's basic information, contact details, stock overview, and significant financial performance metrics [I. Company Basic Information](index=7&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section introduces the company's basic information, including its Chinese name, abbreviation, legal representative, registered and office addresses, website, and email, along with changes to office and registered addresses during the reporting period - Company Chinese name: Nanjing JingSheng Equipment Co, Ltd, abbreviation: JingSheng Equipment[15](index=15&type=chunk) - Legal representative: Li Hui[15](index=15&type=chunk) - The company's registered address changed to No 49 Zonghui Road, Nanjing Economic and Technological Development Zone on May 29, 2025[15](index=15&type=chunk) [II. Contact Persons and Information](index=7&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides the names, contact addresses, phone numbers, faxes, and email addresses of the company's board secretary and securities affairs representative for investor contact - Board Secretary: Wu Chunsheng, contact number: 025-87137168[16](index=16&type=chunk) - Securities Affairs Representative: Wang Wei, contact number: 025-87137168[16](index=16&type=chunk) [III. Information Disclosure and Document Availability Changes](index=7&type=section&id=%E4%B8%89%E3%80%81%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) This section discloses the company's selected newspapers for information disclosure, the website address for the semi-annual report, and the location where the report is available, with no changes during the reporting period - Company's selected newspapers for information disclosure: China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily, Economic Information Daily[17](index=17&type=chunk) - Website address for the semi-annual report: www.sse.com.cn[17](index=17&type=chunk) [IV. Company Stock/Depositary Receipt Summary](index=7&type=section&id=%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8/%E5%AD%98%E6%89%98%E5%87%AD%E8%AF%81%E7%AE%80%E5%86%B5) This section introduces the company's stock type, listing exchange, stock abbreviation, and code, confirming that the company's stock is A-shares listed on the STAR Market of the Shanghai Stock Exchange, with no depositary receipts - Stock type: A-shares[18](index=18&type=chunk) - Stock listing exchange and board: Shanghai Stock Exchange STAR Market[19](index=19&type=chunk) - Stock abbreviation: JingSheng Equipment, stock code: 688478[19](index=19&type=chunk) [V. Other Relevant Information](index=8&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E6%9C%89%E5%85%B3%E8%B5%84%E6%96%99) This section discloses information about the sponsor institution fulfilling its continuous supervision duties during the reporting period, including its name, office address, names of signing sponsor representatives, and the continuous supervision period - Sponsor institution name: Huatai United Securities Co, Ltd[20](index=20&type=chunk) - Signing sponsor representatives: Yao Li, Fan Zhe[20](index=20&type=chunk) - Continuous supervision period: April 24, 2023 - December 31, 2026[20](index=20&type=chunk) [VI. Key Accounting Data and Financial Indicators](index=8&type=section&id=%E5%85%AD%E3%80%81%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section presents the company's key accounting data and financial indicators for the current and prior periods, explaining major changes, with profit decline primarily attributed to industry cyclical fluctuations, product mix changes, and decreased gross margin of photovoltaic products Key Accounting Data (Jan-Jun) | Indicator | Current Period (RMB) | Prior Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 158,390,552.59 | 198,708,508.50 | -20.29 | | Total Profit | -11,730,549.49 | 37,820,904.83 | -131.02 | | Net Profit Attributable to Shareholders of Listed Company | -7,450,941.96 | 35,001,669.43 | -121.29 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | -19,737,475.58 | 17,342,264.72 | -213.81 | | Net Cash Flow from Operating Activities | -37,486,911.06 | -17,397,084.87 | -115.48 | | **Key Accounting Data (Period-End)** | | Indicator | Current Period-End (RMB) | Prior Year-End (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Net Assets Attributable to Shareholders of Listed Company | 1,535,339,056.49 | 1,575,921,423.74 | -2.58 | | Total Assets | 1,735,267,987.49 | 1,865,042,657.87 | -6.96 | Key Financial Indicators (Jan-Jun) | Indicator | Current Period (Jan-Jun) | Prior Period | Change from Prior Period (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | -0.05 | 0.25 | -120.00 | | Diluted Earnings Per Share (RMB/share) | -0.05 | 0.25 | -120.00 | | Basic Earnings Per Share After Deducting Non-Recurring Gains and Losses (RMB/share) | -0.14 | 0.13 | -207.69 | | Weighted Average Return on Net Assets (%) | -0.47 | 2.20 | Decrease of 2.67 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | -1.25 | 1.09 | Decrease of 2.34 percentage points | | R&D Investment as a Percentage of Operating Revenue (%) | 12.98 | 10.98 | Increase of 2.00 percentage points | - Total profit, net profit, and non-recurring net profit significantly decreased year-on-year, primarily due to industry cyclical fluctuations, temporary changes in the company's product acceptance structure, and a decline in gross margin for key accepted photovoltaic products[24](index=24&type=chunk) - Net cash flow from operating activities decreased by **115.48%** year-on-year, mainly due to reduced customer collections and order prepayments[24](index=24&type=chunk) [VII. Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=9&type=section&id=%E4%B8%83%E3%80%81%E5%A2%83%E5%86%85%E5%A4%96%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%8B%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%B7%AE%E5%BC%82) The company states that there are no differences in accounting data under domestic and overseas accounting standards - Not applicable to differences in accounting data under domestic and overseas accounting standards[25](index=25&type=chunk) [VIII. Non-Recurring Gains and Losses Items and Amounts](index=9&type=section&id=%E5%85%AB%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) This section details the non-recurring gains and losses items and their amounts for the reporting period, totaling **RMB 12,286,533.62** - Gains and losses from entrusted investment or asset management: **RMB 12,006,348.21**[26](index=26&type=chunk) - Government grants included in current profit and loss: **RMB 2,611,500.00**[26](index=26&type=chunk) - Total non-recurring gains and losses: **RMB 12,286,533.62**[27](index=27&type=chunk) [IX. Companies with Equity Incentive or Employee Stock Ownership Plans May Choose to Disclose Net Profit After Deducting Share-Based Payment Impact](index=10&type=section&id=%E4%B9%9D%E3%80%81%E5%AD%98%E5%9C%A8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E7%9A%84%E5%85%AC%E5%8F%B8%E5%8F%AF%E9%80%89%E6%8B%A9%E6%8A%AB%E9%9C%B2%E6%89%A3%E9%99%A4%E8%82%A1%E4%BB%BD%E6%94%AF%E4%BB%98%E5%BD%B1%E5%93%8D%E5%90%8E%E7%9A%84%E5%87%80%E5%88%A9%E6%B6%A6) The company states that the disclosure of net profit after deducting the impact of share-based payments is not applicable - Not applicable to the disclosure of net profit after deducting the impact of share-based payments[28](index=28&type=chunk) [X. Explanation of Non-GAAP Performance Indicators](index=10&type=section&id=%E5%8D%81%E3%80%81%E9%9D%9E%E4%BC%81%E4%B8%9A%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E4%B8%9A%E7%BB%A9%E6%8C%87%E6%A0%87%E8%AF%B4%E6%98%8E) The company states that the explanation of non-GAAP performance indicators is not applicable - Not applicable to the explanation of non-GAAP performance indicators[28](index=28&type=chunk) [Section III Management Discussion and Analysis](index=11&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides an in-depth analysis of the company's industry, business operations, core competencies, and risk factors [I. Overview of the Company's Industry and Main Business During the Reporting Period](index=11&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) This section elaborates on the company's semiconductor special equipment industry and its development, including the semiconductor industry, semiconductor equipment industry, and semiconductor-grade crystal growth equipment industry, detailing the company's main business, operating model, and key products [(I) Industry Sector](index=11&type=section&id=%28%E4%B8%80%29%20%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A) The company operates within the "Special Equipment Manufacturing" sector, specifically "Semiconductor Device Special Equipment Manufacturing" (C3562), and is part of the "New Generation Information Technology Industry" - The company's industry sector is "Semiconductor Device Special Equipment Manufacturing" (C3562) under "Special Equipment Manufacturing"[30](index=30&type=chunk) - The company belongs to "New Electronic Components and Equipment Manufacturing" within the "Electronic Core Industry" of the "New Generation Information Technology Industry"[30](index=30&type=chunk) [(II) Industry Development Status](index=11&type=section&id=%28%E4%BA%8C%29%20%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E7%9A%84%E5%8F%91%E5%B1%95%E6%83%85%E5%86%B5) The global semiconductor market is projected to grow significantly, with China's domestic semiconductor industry facing substantial import substitution opportunities, particularly in silicon carbide and 12-inch silicon wafers - The global semiconductor market size is projected to grow to **$777 billion** in 2025 and potentially exceed **$998 billion** by 2030, with a compound annual growth rate of **6.8%**[31](index=31&type=chunk) - China's semiconductor industry's localization process lags behind market demand, presenting significant import substitution opportunities[32](index=32&type=chunk) - Silicon carbide, a third-generation semiconductor material, is expected to reach a market size of **$10.3 billion** by 2030, primarily applied in new energy vehicles and photovoltaic inverters[33](index=33&type=chunk) - Global semiconductor manufacturing equipment sales are projected to reach a new record of **$125.5 billion** in 2025, a **7.4%** year-on-year increase, and potentially climb to **$138.1 billion** in 2026[35](index=35&type=chunk) - 12-inch silicon wafers dominate the market, with domestic manufacturers holding low market share and localization rates, indicating vast import substitution potential[37](index=37&type=chunk) - Silicon carbide substrates are upgrading from 6-inch to 8-inch, with a high localization rate, driven mainly by downstream new energy vehicles and photovoltaic inverters[37](index=37&type=chunk)[38](index=38&type=chunk) [(III) Company's Main Business Operations](index=13&type=section&id=%28%E4%B8%89%29%20%E5%85%AC%E5%8F%B8%E7%9A%84%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5) The company's main business involves the R&D, production, and sales of crystal growth equipment, focusing on semiconductor-grade single crystal silicon furnaces, silicon carbide single crystal furnaces, and other customized products, operating through direct sales and order-based production - The company's main business: R&D, production, and sales of crystal growth equipment, focusing on the semiconductor field, providing customized products such as semiconductor-grade single crystal silicon furnaces, silicon carbide single crystal furnaces, and other equipment[39](index=39&type=chunk) - Profit model: Generating revenue and profit through the sale of crystal growth equipment, related accessories, and provision of after-sales services[40](index=40&type=chunk) - R&D model: Independent R&D with continuous investment, centered on semiconductor-grade crystal growth equipment[40](index=40&type=chunk) - Production model: Primarily order-based production, supplemented by a small amount of inventory-based production[41](index=41&type=chunk) - Sales model: Direct sales, acquiring orders and providing services through a professional sales and service team[41](index=41&type=chunk) - Main products include semiconductor-grade single crystal silicon furnaces (8-12 inch, used in 19nm memory chips, 28nm and above general-purpose processor chips, etc.), silicon carbide single crystal furnaces (6-8 inch, used in new energy vehicles, photovoltaic power generation, 5G communication, etc.), and other equipment (photovoltaic-grade single crystal silicon furnaces, silicon carbide epitaxial furnaces, processing equipment, etc.)[44](index=44&type=chunk)[45](index=45&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk)[52](index=52&type=chunk)[53](index=53&type=chunk)[54](index=54&type=chunk)[56](index=56&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk) [II. Discussion and Analysis of Operations](index=21&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) During the reporting period, the company focused on its core business, continuously iterated product technology, accelerated product line expansion, optimized governance structure, and strengthened technical exchanges and talent development to address macroeconomic and industry challenges and promote high-quality business development - The company focused on its main business, continuously iterating core technologies in crystal growth equipment, enhancing automation control systems and thermal field precision, and addressing challenges in monitoring silicon carbide growth processes[61](index=61&type=chunk) - The company actively explored new growth potential areas, strategically planning new products such as CVD equipment, cutting equipment, thinning equipment, and polishing equipment, while advancing special materials and consumables businesses[62](index=62&type=chunk) - R&D expenses for the reporting period were **RMB 20,563,911.99**, accounting for **12.98%** of operating revenue[62](index=62&type=chunk) - The company continuously strengthened internal control construction, optimized its internal management system, improved operational efficiency, and reduced operating costs[63](index=63&type=chunk) - The company increased technical exchange and cooperation with overseas advanced technologies, strengthened the cultivation of innovative talents, with a total of **83** R&D personnel, accounting for **42.35%** of the total workforce, a year-on-year increase of **5.06%**[64](index=64&type=chunk) [III. Analysis of Core Competencies During the Reporting Period](index=22&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness is demonstrated by its first-mover advantage, technological R&D capabilities, high-quality customer base, excellent R&D team, customized services, regional advantages, and operational cost efficiency, collectively solidifying its market position in semiconductor crystal growth equipment - The company possesses a first-mover advantage, being one of the few domestic manufacturers capable of achieving technical verification and batch supply of crystal growth equipment, with customer certification advantages in large-size semiconductor-grade single crystal furnaces and silicon carbide single crystal furnaces[66](index=66&type=chunk) - The company holds technological and R&D advantages, mastering core technologies such as crystal growth equipment design and control, thermal field design and simulation, and semiconductor crystal growth process development, positioning its product technology at a leading domestic level[67](index=67&type=chunk) - The company benefits from high-quality customer resources, having established cooperative relationships with leading domestic enterprises such as SICC, Leaguer Micro, Shenggong Co, Sanan Optoelectronics, Tony Electronics, GlobalWafers, and BYD[70](index=70&type=chunk) - The company boasts an experienced and highly skilled technical R&D team capable of closely tracking advanced technological developments both domestically and internationally[71](index=71&type=chunk) - The company offers customized services and benefits from a regional advantage, enabling quick response to customer needs and providing prompt, economical, and smooth technical support[72](index=72&type=chunk) - The company maintains an operational cost advantage, with R&D and production primarily located in mainland China, resulting in relatively lower personnel costs and a well-established raw material supply chain system[73](index=73&type=chunk) [IV. Risk Factors](index=32&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E5%9B%A0%E7%B4%A0) The company faces risks related to technology R&D, loss of core technical personnel, operational scale, accounts receivable collection, inventory impairment, declining gross margins, decreasing net cash flow from operating activities, changes in government subsidies and tax incentives, market competition, macroeconomic fluctuations and industrial policy changes, intellectual property disputes, and the risk of underperforming fundraising projects and increased depreciation/amortization expenses leading to profit decline - Technology R&D risks: Inability to continuously upgrade product technology and processes, slower-than-expected expansion into downstream application areas, excessively high R&D investment, and slow R&D progress[92](index=92&type=chunk) - Risk of loss or shortage of core technical personnel: Increased demand for specialized technical talent due to intensified industry competition[93](index=93&type=chunk) - Operational scale risks: Inability of new investments to effectively translate into business, lower-than-expected cost-effectiveness of investments, reduced new product demand, declining revenue scale, fluctuating product gross margins, and rising operating costs[94](index=94&type=chunk) - Accounts receivable collection risk: As operating revenue grows, adverse changes in customer operations may lead to extended collection cycles and increased bad debts[95](index=95&type=chunk) - Inventory impairment risk: Product technology updates, changes in sales forecasts, order modifications or cancellations, failure to pass product acceptance, or adverse changes in sales prices may lead to inventory accumulation and value impairment[96](index=96&type=chunk) - Gross margin decline risk: Influenced by factors such as product technological added value, market expansion, pricing strategies, market competition, and changes in component procurement prices[97](index=97&type=chunk) - Risk of decreasing net cash flow from operating activities: Increased working capital requirements during rapid business growth, untimely customer collections, or reduced capital turnover efficiency may lead to liquidity risks[99](index=99&type=chunk) - Risk of changes in government subsidies and tax incentive policies: Inability to continuously receive government subsidies or failure to pass the high-tech enterprise qualification review in the future[100](index=100&type=chunk) - Market competition risk: Dual competition from major international manufacturers and new domestic entrants[101](index=101&type=chunk) - Risk of macroeconomic fluctuations and industrial policy changes: Cyclical characteristics of the semiconductor industry, declining demand in the end consumer market, and reduced national industrial policy support[102](index=102&type=chunk) - Intellectual property dispute risk: As a technology-intensive industry, there is a risk of intellectual property disputes with competitors[104](index=104&type=chunk) - Risk of fundraising project implementation progress and benefits falling short of expectations: Affected by market environment, industrial policies, sales conditions, and unforeseen factors[105](index=105&type=chunk) - Risk of increased depreciation and amortization expenses leading to profit decline: Fixed asset investments in fundraising projects will increase depreciation and amortization expenses, and if the projects fail to generate expected returns as scheduled, operating performance may decline[106](index=106&type=chunk) [V. Key Operating Performance During the Reporting Period](index=35&type=section&id=%E4%BA%94%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) During the reporting period, the company's operating revenue and net profit both declined, primarily due to industry cyclical fluctuations and changes in product structure, while the asset and liability structure underwent significant changes, and fundraising projects continued to advance despite some delays - Operating revenue was **RMB 158.39 million**, a year-on-year decrease of **20.29%**; net profit attributable to shareholders of the listed company was **-RMB 7.45 million**, a year-on-year decrease of **121.29%**; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was **-RMB 19.74 million**, a year-on-year decrease of **213.81%**[107](index=107&type=chunk) - During the reporting period, the company's pre-tax income from entrusted wealth management was **RMB 12.01 million**, and government grants included in current profit and loss amounted to **RMB 2.61 million**; these two items are non-recurring and not sustainable in the long term, thus classified as non-recurring gains and losses[111](index=111&type=chunk) - Trading financial assets decreased by **37.29%**, mainly due to a reduction in structured deposit principal and accrued wealth management income at the end of the current period[112](index=112&type=chunk)[113](index=113&type=chunk) - Accounts receivable increased by **64.98%**, mainly due to reduced customer collections in the current period[112](index=112&type=chunk)[113](index=113&type=chunk) - Fixed assets increased by **947.16%**, mainly due to an increase in factory buildings, office buildings, and R&D facilities[112](index=112&type=chunk)[113](index=113&type=chunk) - Construction in progress decreased by **76.45%**, mainly due to the transfer of construction in progress to fixed assets and long-term deferred expenses in the current period[112](index=112&type=chunk)[113](index=113&type=chunk) - Intangible assets increased by **75.94%**, mainly due to an increase in land use rights assets[112](index=112&type=chunk)[113](index=113&type=chunk) - The investment amount for the reporting period was **RMB 22,397,035.28**, a **100%** decrease compared to the prior period's investment amount[120](index=120&type=chunk) - A new wholly-owned subsidiary, Nanjing Jingyi Semiconductor Technology Co, Ltd, was established but had not yet commenced actual capital contribution or operations as of the end of the reporting period[123](index=123&type=chunk)[124](index=124&type=chunk) [VI. Other Disclosure Matters](index=41&type=section&id=%E5%85%AD%E3%80%81%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A1%B9) This section has no other matters requiring disclosure - No other disclosure matters[124](index=124&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=42&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E3%80%81%E7%8E%AF%E5%A2%83%E5%92%8C%E7%A4%BE%E4%BC%9A) This section covers changes in key personnel, profit distribution plans, equity incentives, environmental information, and rural revitalization efforts [I. Changes in Directors, Senior Management, and Core Technical Personnel](index=42&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E6%A0%B8%E5%BF%83%E6%8A%80%E6%9C%AF%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, Hu Ning, Ge Jihu, and Mao Hongying resigned from their positions as Chairman of the Supervisory Board, member of the Supervisory Board, and employee representative supervisor, respectively, and the company has abolished the Supervisory Board, with its functions now exercised by the Board's Audit Committee - Chairman of the Supervisory Board Hu Ning, Supervisory Board member Ge Jihu, and employee representative supervisor Mao Hongying resigned[126](index=126&type=chunk) - The company has abolished the Supervisory Board, and its functions will be exercised by the Board's Audit Committee[126](index=126&type=chunk) [II. Profit Distribution or Capital Reserve Conversion Plan](index=42&type=section&id=%E4%BA%8C%E3%80%81%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company's proposed profit distribution plan or capital reserve conversion to share capital plan for the half-year is "No," indicating it is not applicable - The proposed profit distribution plan and capital reserve conversion to share capital plan for the half-year is "No"[127](index=127&type=chunk) [III. Status and Impact of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=42&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%E6%BF%80%E5%8A%B1%E8%AE%A1%E5%88%92%E3%80%81%E5%91%98%E5%B7%A5%E6%8C%81%E8%82%A1%E8%AE%A1%E5%88%92%E6%88%96%E5%85%B6%E4%BB%96%E5%91%98%E5%B7%A5%E6%BF%80%E5%8A%B1%E6%8E%AA%E6%96%BD%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D) During the reporting period, the company had no previously disclosed equity incentive matters with no subsequent progress or changes, nor any incentive situations not disclosed in temporary announcements or with subsequent progress - Not applicable to equity incentive situations[128](index=128&type=chunk) - Not applicable to employee stock ownership plan situations[129](index=129&type=chunk) - Not applicable to other incentive measures[129](index=129&type=chunk) [IV. Environmental Information of Listed Companies and Their Main Subsidiaries Included in the List of Enterprises Required to Disclose Environmental Information by Law](index=43&type=section&id=%E5%9B%9B%E3%80%81%E7%BA%B3%E5%85%A5%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E4%BE%9D%E6%B3%95%E6%8A%AB%E9%9C%B2%E4%BC%81%E4%B8%9A%E5%90%8D%E5%8D%95%E7%9A%84%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E4%B8%BB%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E7%9A%84%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%83%85%E5%86%B5) The company states that the environmental information of listed companies and their main subsidiaries included in the list of enterprises required to disclose environmental information by law is not applicable - Not applicable to the environmental information of listed companies and their main subsidiaries included in the list of enterprises required to disclose environmental information by law[129](index=129&type=chunk) [V. Specific Progress in Consolidating and Expanding Poverty Alleviation Achievements and Rural Revitalization](index=43&type=section&id=%E4%BA%94%E3%80%81%E5%B7%A9%E5%9B%BA%E6%8B%93%E5%B1%95%E8%84%B1%E8%B4%AB%E6%94%BB%E5%9D%9A%E6%88%90%E6%9E%9C%E3%80%81%E4%B9%A1%E6%9D%91%E6%8C%AF%E5%85%B4%E7%AD%89%E5%B7%A5%E4%BD%9C%E5%85%B7%E4%BD%93%E6%83%85%E5%86%B5) The company states that the specific progress in consolidating and expanding poverty alleviation achievements and rural revitalization is not applicable - Not applicable to the specific progress in consolidating and expanding poverty alleviation achievements and rural revitalization[129](index=129&type=chunk) [Section V Significant Matters](index=44&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details the fulfillment of commitments, related party transactions, fundraising activities, and other material events [I. Fulfillment of Commitments](index=44&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) This section details the fulfillment of various commitments made by the company's actual controller, shareholders, related parties, and the company itself, including share lock-up, price stabilization, share repurchase for fraudulent issuance, dilution compensation, profit distribution policy, avoidance of horizontal competition, non-pursuit of control, regulation and reduction of related party transactions, avoidance of fund occupation, maintenance of listed company independence, social insurance and housing provident fund contributions, and disciplinary measures for non-fulfillment, all of which have been timely and strictly fulfilled - Controlling shareholder, actual controller, director, and senior management Li Hui committed not to transfer directly or indirectly held company shares within **36 months** from the date of the company's stock listing, and to maintain a reduction price not lower than the offering price for **2 years** after the lock-up period expires[134](index=134&type=chunk)[135](index=135&type=chunk) - The company committed that if its stock's ex-dividend closing price falls below its latest audited ex-dividend net asset per share for **20 consecutive trading days** within **three years** after its initial public offering, it will initiate stock price stabilization measures[157](index=157&type=chunk) - The company committed that its prospectus contains no false records, misleading statements, or major omissions, and if it constitutes a fraudulent issuance, it will repurchase all newly issued shares from the initial public offering in accordance with the law[169](index=169&type=chunk) - Controlling shareholder, actual controller Li Hui, and his concerted party Haige Technology committed to avoid horizontal competition, refraining from producing, developing, and selling any products that compete or potentially compete with the company and its subsidiaries[188](index=188&type=chunk) - Shareholders holding **5%** or more of the company's shares, including Xinrui Jicheng, Mingchun Technology, Lu Zufei, Shengyuan Management, and Haige Technology, committed not to actively seek actual control of the company through their held shares for **60 months** from the date of the company's stock listing[190](index=190&type=chunk) - All commitment matters have been timely and strictly fulfilled[131](index=131&type=chunk)[132](index=132&type=chunk)[133](index=133&type=chunk) [II. Non-Operating Fund Occupation by Controlling Shareholder and Other Related Parties During the Reporting Period](index=69&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) There was no non-operating fund occupation by the controlling shareholder and other related parties during the reporting period - No non-operating fund occupation by the controlling shareholder and other related parties during the reporting period[212](index=212&type=chunk) [III. Irregular Guarantees](index=70&type=section&id=%E4%B8%89%E3%80%81%E8%BF%9D%E8%A7%84%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) There were no irregular guarantees during the reporting period - No irregular guarantees during the reporting period[213](index=213&type=chunk) [IV. Half-Year Report Audit Status](index=70&type=section&id=%E5%9B%9B%E3%80%81%E5%8D%8A%E5%B9%B4%E6%8A%A5%E5%AE%A1%E8%AE%A1%E6%83%85%E5%86%B5) This semi-annual report is unaudited - This semi-annual report is unaudited[213](index=213&type=chunk) [V. Changes and Handling of Matters Related to Non-Standard Audit Opinions in the Previous Year's Annual Report](index=70&type=section&id=%E4%BA%94%E3%80%81%E4%B8%8A%E5%B9%B4%E5%B9%B4%E5%BA%A6%E6%8A%A5%E5%91%8A%E9%9D%9E%E6%A0%87%E5%87%86%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E6%89%80%E6%B6%89%E4%BA%8B%E9%A1%B9%E7%9A%84%E5%8F%98%E5%8C%96%E5%8F%8A%E5%A4%84%E7%90%86%E6%83%85%E5%86%B5) Not applicable to changes and handling of matters related to non-standard audit opinions in the previous year's annual report - Not applicable to changes and handling of matters related to non-standard audit opinions in the previous year's annual report[213](index=213&type=chunk) [VI. Bankruptcy and Reorganization Matters](index=70&type=section&id=%E5%85%AD%E3%80%81%E7%A0%B4%E4%BA%A7%E9%87%8D%E6%95%B4%E7%9B%B8%E5%85%B3%E4%BA%8B%E9%A1%B9) The company had no bankruptcy or reorganization matters during the reporting period - No bankruptcy or reorganization matters during the reporting period[213](index=213&type=chunk) [VII. Significant Litigation and Arbitration Matters](index=70&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) The company had no significant litigation or arbitration matters during the reporting period - No significant litigation or arbitration matters during the reporting period[213](index=213&type=chunk) [VIII. Listed Company, Its Directors, Supervisors, Senior Management, Controlling Shareholder, and Actual Controller Suspected of Violations, Penalties, and Rectification](index=70&type=section&id=%E5%85%AB%E3%80%81%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%B6%89%E5%AB%8C%E8%BF%9D%E6%B3%95%E8%BF%9D%E8%A7%84%E3%80%81%E5%8F%97%E5%88%B0%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) Not applicable to the listed company, its directors, supervisors, senior management, controlling shareholder, and actual controller suspected of violations, penalties, and rectification - Not applicable to the listed company, its directors, supervisors, senior management, controlling shareholder, and actual controller suspected of violations, penalties, and rectification[213](index=213&type=chunk) [IX. Explanation of the Integrity Status of the Company, Its Controlling Shareholder, and Actual Controller During the Reporting Period](index=70&type=section&id=%E4%B9%9D%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E8%AF%9A%E4%BF%A1%E7%8A%B6%E5%86%B5%E7%9A%84%E8%AF%B4%E6%98%8E) During the reporting period, the company, its controlling shareholder, and actual controller maintained good integrity, with no significant litigation or unfulfilled commitments - During the reporting period, the company, its controlling shareholder, and actual controller maintained good integrity[213](index=213&type=chunk) - There were no significant litigation matters that should have been disclosed, nor any unfulfilled large debts or commitments[213](index=213&type=chunk) [X. Significant Related Party Transactions](index=70&type=section&id=%E5%8D%81%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company had no related party transactions related to daily operations, asset or equity acquisitions/disposals, joint external investments, or related party debt/credit balances with affiliated financial companies, but disclosed key management personnel compensation and other related party transactions (employee compensation) - Key management personnel compensation: **RMB 1.66 million**[618](index=618&type=chunk) - QINGYUEPAN (Pan Qingyue) employee compensation: **RMB 653,230.57**[620](index=620&type=chunk) - Beginning of period accounts receivable from related party Nanjing Xinfly Technology Co, Ltd for rent deposit: **RMB 100,000.00**[622](index=622&type=chunk) - Beginning of period other payables to related party Nanjing Xinfly Technology Co, Ltd: **RMB 46,384.21**[624](index=624&type=chunk) [XI. Significant Contracts and Their Fulfillment](index=71&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company had no entrustment, contracting, or leasing matters, no significant guarantees, and no other significant contracts - No entrustment, contracting, or leasing matters[215](index=215&type=chunk) - No significant guarantees[215](index=215&type=chunk) - No other significant contracts[215](index=215&type=chunk) [XII. Explanation of Progress in the Use of Raised Funds](index=72&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%8B%9F%E9%9B%86%E8%B5%84%E9%87%91%E4%BD%BF%E7%94%A8%E8%BF%9B%E5%B1%95%E8%AF%B4%E6%98%8E) The company's total raised funds amounted to **RMB 1.12 billion**, with a net amount of **RMB 1.02 billion**, a committed investment of **RMB 476.20 million**, and over-raised funds of **RMB 540.10 million**; as of the end of the reporting period, cumulative investment reached **RMB 541.62 million**, representing **53.29%** of the total, with some fundraising projects (semiconductor crystal growth equipment general assembly and testing plant construction project) delayed until December 31, 2027, and the company utilized temporarily idle raised funds for cash management Overall Use of Raised Funds | Indicator | Amount (RMB 10,000) | | :--- | :--- | | Total Raised Funds | 112,491.64 | | Net Raised Funds | 101,630.39 | | Committed Investment Amount in Prospectus or Offering Document | 47,620.39 | | Total Over-Raised Funds | 54,010.00 | | Cumulative Investment of Raised Funds as of End of Reporting Period | 54,161.73 | | Cumulative Investment Progress of Raised Funds as of End of Reporting Period (%) | 53.29 | | Amount Invested in Current Year | 4,768.83 | - The scheduled completion date for the "Semiconductor Crystal Growth Equipment General Assembly and Testing Plant Construction Project" has been extended from December 31, 2025, to December 31, 2027, primarily due to objective factors such as cyclical fluctuations in the macro economy, a temporary slowdown in industry demand, and approval processes[218](index=218&type=chunk)[219](index=219&type=chunk) - **RMB 320 million** of the over-raised funds were used for permanent replenishment of working capital and have been fully invested[221](index=221&type=chunk) - The company uses a maximum of **RMB 550 million** of idle raised funds for cash management, with a validity period of **12 months** from the date of board approval[223](index=223&type=chunk)[224](index=224&type=chunk) [XIII. Explanation of Other Significant Matters](index=76&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A1%B9%E7%9A%84%E8%AF%B4%E6%98%8E) This section has no other significant matters to explain - No other significant matters to explain[225](index=225&type=chunk) [Section VI Share Changes and Shareholder Information](index=77&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in share capital, major shareholders, and the status of directors, senior management, and core technical personnel [I. Share Capital Changes](index=77&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E6%9C%AC%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital remained unchanged, but restricted shares decreased by **1,383,660** shares, with a corresponding increase of **1,383,660** unrestricted tradable shares, primarily due to the listing and circulation of a portion of initial public offering strategic placement restricted shares Share Capital Changes | Share Type | Quantity Before Change (shares) | Change (shares) | Quantity After Change (shares) | | :--- | :--- | :--- | :--- | | Restricted Shares | 36,340,290 | -1,383,660 | 34,956,630 | | Unrestricted Tradable Shares | 102,025,806 | +1,383,660 | 103,409,466 | | Total Shares | 138,366,096 | 0 | 138,366,096 | [(II) Changes in Restricted Shares](index=78&type=section&id=%28%E4%BA%8C%29%20%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Huatai Innovation Investment Co, Ltd's **1,383,660** shares of initial public offering strategic placement restricted stock were released from restriction and listed for trading on April 24, 2025 - Huatai Innovation Investment Co, Ltd's **1,383,660** shares of initial public offering strategic placement restricted stock were released from restriction and listed for trading on April 24, 2025[229](index=229&type=chunk)[231](index=231&type=chunk) - The company's initial public offering strategic placement restricted shares of **1,383,660** shares became tradable on April 24, 2025[229](index=229&type=chunk) [II. Shareholder Information](index=78&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **6,029** common shareholders, with controlling shareholder Li Hui holding **16.08%** of shares, including **21,968,699** restricted shares, and Xiamen Xinding Guorui Asset Management Co, Ltd - Xinrui Jicheng (Xiamen) Venture Capital Partnership (Limited Partnership) being the largest holder among the top ten unrestricted shareholders - Total number of common shareholders as of the end of the reporting period: **6,029**[232](index=232&type=chunk) Top Ten Shareholders' Shareholding | Shareholder Name | Shares Held at Period-End (shares) | Percentage (%) | Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | | Li Hui | 22,249,406 | 16.08 | 21,968,699 | | Xiamen Xinding Guorui Asset Management Co, Ltd - Xinrui Jicheng (Xiamen) Venture Capital Partnership (Limited Partnership) | 17,018,358 | 12.30 | 0 | | Nanjing Mingchun Technology Co, Ltd | 12,929,979 | 9.34 | 0 | | Lu Yu | 9,009,719 | 6.51 | 0 | | Nanjing Shengyuan Enterprise Management Partnership (Limited Partnership) | 6,581,020 | 4.76 | 6,581,020 | | Nanjing Haige Semiconductor Technology Co, Ltd | 6,406,911 | 4.63 | 6,406,911 | | Wang Hualong | 3,003,240 | 2.17 | 0 | | Zhang Xiaolu | 2,322,484 | 1.68 | 0 | | Shenzhen Hongliwan Investment Management Co, Ltd - Hongliwan Changxiong No 3 Private Securities Investment Fund | 1,267,086 | 0.92 | 0 | | Shenzhen Hongliwan Investment Management Co, Ltd - Hongliwan Shanhaice Strategy Value Growth No 1 Private Securities Investment Fund | 1,170,028 | 0.85 | 0 | - Haige Technology and Mr Li Hui have a statutory concerted action relationship[236](index=236&type=chunk) [(III) Top Ten Shareholders by Voting Rights as of the End of the Reporting Period](index=80&type=section&id=%28%E4%B8%89%29%20%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%A1%A8%E5%86%B3%E6%9D%83%E6%95%B0%E9%87%8F%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5%E8%A1%A8) Not applicable to the top ten shareholders by voting rights as of the end of the reporting period - Not applicable to the top ten shareholders by voting rights as of the end of the reporting period[238](index=238&type=chunk) [(IV) Strategic Investors or General Legal Entities Becoming Top Ten Shareholders Due to New Share/Depositary Receipt Placement](index=80&type=section&id=%28%E5%9B%9B%29%20%E6%88%98%E7%95%A5%E6%8A%95%E8%B5%84%E8%80%85%E6%88%96%E4%B8%80%E8%88%AC%E6%B3%95%E4%BA%BA%E5%9B%A0%E9%85%8D%E5%94%AE%E6%96%B0%E8%82%A1/%E5%AD%98%E6%89%98%E5%87%AD%E8%AF%81%E6%88%90%E4%B8%BA%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C) Not applicable to strategic investors or general legal entities becoming top ten shareholders due to new share/depositary receipt placement - Not applicable to strategic investors or general legal entities becoming top ten shareholders due to new share/depositary receipt placement[238](index=238&type=chunk) [III. Directors, Senior Management, and Core Technical Personnel Information](index=80&type=section&id=%E4%B8%89%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E6%A0%B8%E5%BF%83%E6%8A%80%E6%9C%AF%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) This section discloses the shareholding changes of current and resigned directors, senior management, and core technical personnel during the reporting period, with Chairman and General Manager Li Hui increasing his holdings by **252,707** shares, and lists the directors, senior management, and core technical personnel granted second-class restricted shares - Chairman and General Manager Li Hui held **22,249,406** shares at period-end, increasing his holdings by **252,707** shares during the reporting period[240](index=240&type=chunk) Directors, Senior Management, and Core Technical Personnel Granted Second-Class Restricted Shares | Name | Position | Restricted Shares Granted at Period-End (10,000 shares) | | :--- | :--- | :--- | | Li Hui | Chairman, General Manager | 4.20 | | Wu Chunsheng | Director, Board Secretary, Financial Controller | 3.00 | | Zhang Xiaolu | Director, Deputy General Manager | 3.00 | | QINGYUE PAN | Head of R&D Center | 1.20 | | Zhang Yi | R&D Center Manager, Assistant General Manager | 1.20 | | Jiang Hongwei | R&D Center Manager, Assistant General Manager | 1.20 | | Mao Ruichuan | R&D Center Manager | 1.20 | | Qin Yingsu | R&D Center Manager | 1.20 | | DAVID KENNETH LEES | Chief Engineer | 2.50 | | Total | / | 18.70 | [IV. Changes in Controlling Shareholder or Actual Controller](index=82&type=section&id=%E5%9B%9B%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E6%88%96%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5) There were no changes in the company's controlling shareholder or actual controller during the reporting period - No changes in the company's controlling shareholder or actual controller during the reporting period[242](index=242&type=chunk) [V. Implementation and Changes of Depositary Receipt Arrangements During the Reporting Period](index=82&type=section&id=%E4%BA%94%E3%80%81%E5%AD%98%E6%89%98%E5%87%AD%E8%AF%81%E7%9B%B8%E5%85%B3%E5%AE%89%E6%8E%92%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E7%9A%84%E5%AE%9E%E6%96%BD%E5%92%8C%E5%8F%98%E5%8C%96%E6%83%85%E5%86%B5) Not applicable to depositary receipt arrangements - Not applicable to depositary receipt arrangements[242](index=242&type=chunk) [VI. Special Voting Rights Shares](index=82&type=section&id=%E5%85%AD%E3%80%81%E7%89%B9%E5%88%AB%E8%A1%A8%E5%86%B3%E6%9D%83%E8%82%A1%E4%BB%BD%E6%83%85%E5%86%B5) Not applicable to special voting rights shares - Not applicable to special voting rights shares[242](index=242&type=chunk) [VII. Preferred Shares](index=82&type=section&id=%E4%B8%83%E3%80%81%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) Not applicable to preferred shares - Not applicable to preferred shares[242](index=242&type=chunk) [Section VII Bond-Related Information](index=83&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section addresses the company's bond and convertible bond situations [I. Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=83&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%EF%BC%88%E5%90%AB%E4%BC%81%E4%B8%9A%E5%80%BA%E5%88%B8%EF%BC%89%E5%92%8C%E9%9D%9E%E9%87%91%E8%9E%8D%E4%BC%81%E4%B8%9A%E5%80%BA%E5%8A%A1%E8%9E%8D%E8%B5%84%E5%B7%A5%E5%85%B7) Not applicable to corporate bonds (including enterprise bonds) and non-financial enterprise debt financing instruments - Not applicable to corporate bonds (including enterprise bonds) and non-financial enterprise debt financing instruments[244](index=244&type=chunk) [II. Convertible Corporate Bonds](index=83&type=section&id=%E4%BA%8C%E3%80%81%E5%8F%AF%E8%BD%AC%E6%8D%A2%E5%85%AC%E5%8F%B8%E5%80%BA%E5%86%B5) Not applicable to convertible corporate bonds - Not applicable to convertible corporate bonds[244](index=244&type=chunk) [Section VIII Financial Report](index=84&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's unaudited financial statements, accounting policies, and detailed notes on financial items [I. Audit Report](index=84&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) This semi-annual report is unaudited - This semi-annual report is unaudited[246](index=246&type=chunk) [II. Financial Statements](index=84&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's consolidated and parent company balance sheets, income statements, and cash flow statements, as well as consolidated and parent company statements of changes in owners' equity, reflecting the financial position and operating results at the end of the reporting period Consolidated Balance Sheet (June 30, 2025) | Item | Amount (RMB) | | :--- | :--- | | Total Assets | 1,735,267,987.49 | | Total Liabilities | 199,928,931.00 | | Total Owners' Equity | 1,535,339,056.49 | Consolidated Income Statement (Jan-Jun 2025) | Item | Amount (RMB) | | :--- | :--- | | Total Operating Revenue | 158,390,552.59 | | Total Profit | -11,730,549.49 | | Net Profit | -7,450,941.96 | | Net Profit Attributable to Parent Company Owners | -7,450,941.96 | Consolidated Cash Flow Statement (Jan-Jun 2025) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -37,486,911.06 | | Net Cash Flow from Investing Activities | 75,141,686.60 | | Net Cash Flow from Financing Activities | -34,264,994.75 | | Net Increase in Cash and Cash Equivalents | 3,367,946.53 | [III. Company Basic Information](index=100&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section introduces the company's establishment, listing information, registered address, legal representative, and main business scope, and states that the financial statements were approved by the board of directors on August 29, 2025 - Nanjing JingSheng Equipment Co, Ltd was legally established through overall restructuring on November 28, 2020, and its shares were listed on the STAR Market of the Shanghai Stock Exchange on April 24, 2023[275](index=275&type=chunk) - Company registered address: No 49 Zonghui Road, Nanjing Economic and Technological Development Zone; Legal Representative: Li Hui[275](index=275&type=chunk) - The company primarily engages in the manufacturing and sales of semiconductor device special equipment, as well as related R&D and technical services[276](index=276&type=chunk) - The financial statements were approved for issuance by the company's board of directors on August 29, 2025[276](index=276&type=chunk) [IV. Basis of Financial Statement Preparation](index=100&type=section&id=%E5%9B%9B%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9A%84%E7%BC%96%E5%88%B6%E5%9F%BA%E7%A1%80) The financial statements are prepared on a going concern basis, adhering to enterprise accounting standards and their application guidelines and interpretations, and comply with the information disclosure requirements of the China Securities Regulatory Commission; the company assessed its going concern ability and found no affecting matters - The company prepares its financial statements on a going concern basis, recognizing and measuring transactions and events in accordance with enterprise accounting standards, their application guidelines, and interpretations[277](index=277&type=chunk) - The company assessed its ability to continue as a going concern for **12 months** from the end of the reporting period and found no matters affecting this ability, thus the preparation of financial statements on a going concern basis is reasonable[278](index=278&type=chunk) [V. Significant Accounting Policies and Estimates](index=100&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section details the company's significant accounting policies and estimates, including statements of compliance with enterprise accounting standards, accounting period, operating cycle, functional currency, materiality criteria, business combinations, consolidated financial statement preparation, cash and cash equivalents, foreign currency transactions and translation of foreign currency financial statements, financial instruments, notes receivable, accounts receivable, financing for receivables, other receivables, inventories, contract assets, long-term equity investments, fixed assets, construction in progress, borrowing costs, intangible assets, long-term deferred expenses, contract liabilities, employee compensation, provisions, share-based payments, revenue, contract costs, government grants, deferred income tax assets/liabilities, and leases - The financial statements prepared by the company comply with the requirements of enterprise accounting standards, truthfully and completely reflecting the company's financial position, operating results, changes in owners' equity, and cash flows[281](index=281&type=chunk) - Financial assets are measured at fair value upon initial recognition and classified as financial assets measured at amortized cost, financial assets measured at fair value through profit or loss, or financial assets measured at fair value through other comprehensive income, based on the business model for managing financial assets and their contractual cash flow characteristics[311](index=311&type=chunk) - For notes receivable, accounts receivable, financing for receivables, and contract assets, the company measures loss provisions based on expected credit losses over the entire lifetime, regardless of the presence of a significant financing component[321](index=321&type=chunk) Fixed Asset Depreciation Methods | Category | Depreciation Method | Depreciation Period (years) | Salvage Rate | Annual Depreciation Rate | | :--- | :--- | :--- | :--- | :--- | | Buildings and Structures | Straight-line method | 30 | 5% | 3.17% | | Machinery and Equipment | Straight-line method | 5-10 | 5% | 9.50%-19.00% | | Transportation Equipment | Straight-line method | 5 | 5% | 19.00% | | Office Equipment | Straight-line method | 5 | 5% | 19.00% | | Electronic Equipment | Straight-line method | 3-5 | 5% | 19.00%-31.67% | | Other Equipment | Straight-line method | 5 | 5% | 19.00% | - Revenue recognition principle is to recognize revenue when the customer obtains control of the related goods, distinguishing between recognition over a period of time or at a point in time based on the type of performance obligation[398](index=398&type=chunk)[399](index=399&type=chunk) - Government grants are recognized when both the attached conditions are met and the grants are receivable, classified as asset-related or income-related, and recognized as deferred income or included in current profit and loss, respectively[407](index=407&type=chunk)[409](index=409&type=chunk) [VI. Taxation](index=137&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) This section discloses the company's main tax categories and rates, including VAT, urban maintenance and construction tax, education surcharge, local education surcharge, corporate income tax, urban land use tax, and property tax; the company and its subsidiaries enjoy preferential corporate income tax rates (15% and 20%) for high-tech and small and micro enterprises, and VAT input tax deduction policies for advanced manufacturing and integrated circuit enterprises Main Tax Categories and Rates | Tax Category | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Taxable Sales Revenue | 6%, 13% | | Urban Maintenance and Construction Tax | Amount of Turnover Tax Payable | 7% | | Education Surcharge | Amount of Turnover Tax Payable | 3% | | Local Education Surcharge | Amount of Turnover Tax Payable | 2% | | Corporate Income Tax | Taxable Income | 15%, 20%, 25% | | Urban Land Use Tax | Based on Actual Occupied Land Area | RMB 5/square meter | | Property Tax | 70% of Original Value of Self-Used Property | 1.2% | - The company and its subsidiary Nanjing Jingneng Semiconductor Technology Co, Ltd enjoy a **15%** preferential corporate income tax rate as high-tech enterprises[426](index=426&type=chunk)[427](index=427&type=chunk) - Subsidiaries Nanjing Jingcai Semiconductor Technology Co, Ltd and Nanjing Jingheng Semiconductor Equipment Co, Ltd meet the criteria for small and micro enterprises, applying a **20%** corporate income tax rate under preferential tax policies[427](index=427&type=chunk) - The company enjoys a **5%** VAT input tax deduction policy for advanced manufacturing enterprises, while its subsidiary Nanjing Jingneng Semiconductor Technology Co, Ltd enjoys a **15%** VAT input tax deduction policy for integrated circuit enterprises[428](index=428&type=chunk) [VII. Notes to Consolidated Financial Statement Items](index=138&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed notes on various assets, liabilities, owners' equity, income, costs, and expense items in the consolidated financial statements, including monetary funds, trading financial assets, notes receivable, accounts receivable, contract assets, financing for receivables, prepayments, other receivables, inventories, non-current assets due within one year, other current assets, debt investments, other equity instrument investments, other non-current financial assets, fixed assets, construction in progress, right-of-use assets, intangible assets, long-term deferred expenses, deferred income tax assets/liabilities, other non-current assets, assets restricted by ownership or use rights, short-term borrowings, notes payable, accounts payable, contract liabilities, employee compensation payable, taxes payable, other payables, non-current liabilities due within one year, other current liabilities, lease liabilities, provisions, deferred income, share capital, capital reserves, treasury stock, other comprehensive income, surplus reserves, undistributed profits, operating revenue and cost, taxes and surcharges, selling expenses, administrative expenses, R&D expenses, financial expenses, other income, investment income, fair value change gains, asset disposal gains, credit impairment losses, asset impairment losses, non-operating income, non-operating expenses, income tax expenses, other comprehensive income, cash flow statement items, notes to owners' equity change statement items, foreign currency monetary items, and leases Monetary Funds at Period-End | Item | Amount (RMB) | | :--- | :--- | | Cash on Hand | 25,500.00 | | Bank Deposits | 66,965,826.14 | | Other Monetary Funds | 43,000,522.05 | | Total | 109,991,848.19 | - Trading financial assets at period-end amounted to **RMB 442,982,102.29**, primarily structured deposits[431](index=431&type=chunk) - Accounts receivable at period-end had a book value of **RMB 178,592,632.66**, with bad debt provisions of **RMB 16,976,674.22**[442](index=442&type=chunk) - Inventories at period-end had a book value of **RMB 165,848,341.20**, with total inventory impairment provisions and contract performance cost impairment provisions of **RMB 10,001,828.54**[471](index=471&type=chunk) - Fixed assets at period-end had a book value of **RMB 166,508,914.02**, with an increase of **RMB 154,292,300.84** in the current period, mainly due to transfers from construction in progress[487](index=487&type=chunk) - Construction in progress at period-end had a book value of **RMB 43,727,836.03**, with a beginning balance of **RMB 188,986,890.71**, mainly due to transfers from construction in progress to fixed assets in the current period[491](index=491&type=chunk) - Operating revenue was **RMB 158,390,552.59**, and operating cost was **RMB 152,257,882.81**[553](index=553&type=chunk) - R&D expenses were **RMB 20,563,911.99**, a **5.75%** decrease from the prior period[558](index=558&type=chunk) - Investment income was **RMB 15,029,287.96**, primarily from wealth management product income[560](index=560&type=chunk) [VIII. Research and Development Expenses](index=185&type=section&id=%E5%85%AB%E3%80%81%E7%A0%94%E5%8F%91%E6%94%AF%E5%87%BA) During the reporting period, the company's total R&D expenditure was **RMB 20,563,911.99**, all expensed, representing a **5.75%** year-on-year decrease, with personnel costs being the highest at **RMB 13,551,502.96** Total R&D Investment | Item | Current Period (RMB) | Prior Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Expensed R&D Investment | 20,563,911.99 | 21,819,421.38 | -5.75 | | Total R&D Investment | 20,563,911.99 | 21,819,421.38 | -5.75 | - R&D investment included personnel costs of **RMB 13,551,502.96** and material costs of **RMB 3,095,920.61**[590](index=590&type=chunk) [IX. Changes in Consolidation Scope](index=186&type=section&id=%E4%B9%9D%E3%80%81%E5%90%88%E5%B9%B6%E8%8C%83%E5%9B%B4%E7%9A%84%E5%8F%98%E6%9B%B4) During the reporting period, the company established a new wholly-owned subsidiary, Nanjing Jingyi Semiconductor Technology Co, Ltd, with a **58%** shareholding, which was founded on April 14, 2025, and had not yet commenced operations as of the end of the reporting period - A new subsidiary, Nanjing Jingyi Semiconductor Technology Co, Ltd, was added in the current reporting period, with a **58%** shareholding, established on April 14, 2025[592](index=592&type=chunk) - As of the end of the reporting period, the company had not yet commenced actual capital contribution or operations[592](index=592&type=chunk) [X. Interests in Other Entities](index=187&type=section&id=%E5%8D%81%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) This section discloses the company's interests in its subsidiaries, including Nanjing Jingneng Semiconductor Technology Co, Ltd, Nanjing Jingsheng Semiconductor Technology Co, Ltd, Nanjing Jingcai Semiconductor Technology Co, Ltd, Nanjing Jingheng Semiconductor Equipment Co, Ltd, and Nanjing Jingyi Semiconductor Technology Co, Ltd, all of which are wholly-owned or controlled subsidiaries - The company directly holds *

南京晶升装备股份有限公司 关于召开 2025 年半年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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 9 月 22 日(星期一) 上午 10:00- 11:00 证券代码：688478 证券简称：晶升股份 公告编号：2025-042 会议召开方式：网络文字互动 投资者可于 2025 年 9 月 15 日(星期一)至 9 月 19 日（星期五） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通 过公司邮箱（cgee@cgee.com.cn）进行提问。公司将在文字互动环 节对投资者普遍关注的问题进行回答。 南京晶升装备股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 22 日(星期 一) 上午 10:00-11:00 举行 2025 年半年度 ...

证券代码：688478 证券简称：晶升股份 公告编号：2025-040 南京晶升装备股份有限公司 截至 2025 年 6 月 30 日，公司募集资金专户余额为人民币 494.12 万元。公 司首次公开发行股票募集资金使用与结存情况如下表： 二、募集资金管理情况 （一）募集资金管理情况 关于2025年半年度募集资金存放与实际使用情况的 专项报告 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、准确性和完整性承担法律责任。 根据《上海证券交易所科创板股票上市规则》和《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》等有关规定，南京晶升装备股份 有限公司（以下简称"公司"或"晶升股份"）就 2025 年半年度募集资金存放 与实际使用情况的专项报告说明如下： 一、募集资金的基本情况 （一）实际募集资金的金额及到账情况 根据中国证券监督管理委员会于 2023 年 3 月 13 日出具的《关于同意南京 晶升装备股份有限公司首次公开发行股票注册的批复》（证监许可〔2023〕547 号），公司获准向社会公开发行人民币普通股 3,459.1524 万股，每 ...

南京晶升装备股份有限公司 2025年度"提质增效重回报"行动方案 半年度评估报告 为践行"以投资者为本"的上市公司发展理念，增强投资者回报信心，提 升投资者获得感，实现管理层与股东利益的共担共享，南京晶升装备股份有限 公司（以下简称"公司"）于 2025 年 4 月 29 日发布了《南京晶升装备股份有 限公司 2024 年度"提质增效重回报"行动方案的评估报告暨 2025 年度"提质 增效重回报"行动方案》。 报告期内，公司积极落实 2025 年度"提质增效重回报"行动方案（以下 简称"行动方案"），持续聚焦主营业务，提升核心竞争力，重视投资者回报， 完善公司治理。现将主要工作成果报告如下： 一、重视投资者回报，共享发展成果 1、加大研发投入，推进产品全面布局 2025 年上半年末，公司及其子公司累计获得国内专利 94 项，其中发明专 利 40 项，实用新型专利 54 项。同时，公司持续对算法进行迭代升级，开发精 度更高的自动化控制系统以及与之匹配的热场，并着力解决晶体生长过程不可 监测等制约碳化硅材料发展的问题。通过优化设备综合性能，有效帮助客户提 高晶体良率与降低成本。此外，公司在具有新增长潜力的协同业务 ...

Group 1 - The core point of the article is that Nanjing Jingsheng Equipment Co., Ltd. is planning to acquire a controlling stake in Beijing Weizhun Intelligent Technology Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds [1] - The acquisition is expected to enhance Jingsheng's capabilities in semiconductor crystal growth equipment by integrating high-end intelligent measurement and control systems from Weizhun, which are crucial components for crystal growth furnaces [6] - Jingsheng's revenue has shown rapid growth, with projected revenues of 222 million yuan, 406 million yuan, and 425 million yuan from 2022 to 2024, reflecting an 83% growth rate in 2023 [3] Group 2 - Despite revenue growth, Jingsheng's gross margin has been declining, with gross margins of 35.22%, 33.46%, and 26.07% over the same period [3] - The company has faced challenges with its IPO fundraising projects, particularly the semiconductor crystal growth equipment testing facility, which has experienced multiple delays and changes in location [8][10] - As of the end of last year, the cumulative investment progress for the testing facility project was only 4.29% [9]