格隆汇11月5日丨中巨芯(688549.SH)在投资者互动平台表示，公司产品已进入国内主流晶圆厂供应链。 第三季度业绩增长主要得益于电子特气二期和华中基地电子湿化学品等项目的产能释放与市场开拓。公 司产品当前主要应用于集成电路、显示面板等领域的清洗、刻蚀、成膜等制造工艺环节。 ...

格隆汇11月5日丨中巨芯(688549.SH)在投资者互动平台表示，公司产品已进入国内主流晶圆厂供应链。 第三季度业绩增长主要得益于电子特气二期和华中基地电子湿化学品等项目的产能释放与市场开拓。公 司产品当前主要应用于集成电路、显示面板等领域的清洗、刻蚀、成膜等制造工艺环节。 ...

证券研究报告 | 公司点评报告 2025 年 10 月 31 日 中巨芯（688549.SH） 产销并进拓疆土，三季度业绩高速增长 周期/化工 公司发布三季报，2025 年前三季度实现营业收入 8.81 亿元，同比增加 17.56%。 实现归属于上市公司股东的净利润为 2520.94 万元，同比下降 15.22%。2025 年第三季度，公司营业收入为 3.14 亿元，同比上升 12.76%；归属于上市公司 股东的净利润为 1707.17 万元,同比上升 152.24%；归属于上市公司股东的扣除 非经常性损益的净利润为 1111.51 万元，同比上升 217.04%。 ❑ 风险提示：原材料价格波动风险、市场竞争加剧风险、客户认证风险、宏观 增持（维持） 目标估值：NA 当前股价：10.39 元 基础数据 相关报告 1、《中巨芯（688549）—产销并进拓 疆土，二季度环比扭亏为盈》 2025-08-27 2、《中巨芯（688549）—营收保持快 速增长，净利润受行业竞争加剧影响 下降》2025-03-03 3、《中巨芯（688549）—国内领先电 子化学材料提供商，静待产能爬坡业 绩释放》2024-12-05 ...

Core Viewpoint - Zhongjuxin Technology Co., Ltd. is a leading domestic supplier of electronic chemical materials, with a comprehensive business covering electronic wet chemicals, electronic specialty gases, and precursor materials, showcasing a differentiated advantage with a full industry chain layout [1] Group 1: Business Performance - In Q3 2025, Zhongjuxin reported revenue of 881 million yuan, ranking 24th among 35 companies in the industry, significantly lower than the top performer, Xilong Science, at 5.324 billion yuan [2] - The main business revenue composition includes electronic wet chemicals at 433.4 million yuan (76.63%), electronic specialty gases and precursors at 120 million yuan (21.25%), and other businesses at 11.99 million yuan (2.12%) [2] - The net profit for the same period was 21.086 million yuan, ranking 30th in the industry, far behind the leading company, Anji Technology, which reported 608 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhongjuxin's debt-to-asset ratio was 24.10%, an increase from 21.28% year-on-year, but still below the industry average of 28.64%, indicating relatively low debt pressure [3] - The gross profit margin for Q3 2025 was 13.77%, slightly down from 14.09% year-on-year and significantly lower than the industry average of 31.60%, suggesting a need for improvement in profitability [3] Group 3: Leadership and Compensation - Chairman Tong Jihong, born in December 1968, has extensive experience in the chemical industry and has held various positions since 1990, becoming chairman of Zhongjuxin in June 2021 [4] - The general manager, Chen Gang, born in July 1969, had a salary of 999,000 yuan in 2024, an increase of 110,000 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 13.97% to 38,200, while the average number of circulating A-shares held per household decreased by 10.50% to 15,400 [5] - Notable changes among the top ten circulating shareholders include a decrease in holdings by the third-largest shareholder, the Harvest SSE STAR Chip ETF, by 652,300 shares [5] Group 5: Revenue Growth and R&D - In the first half of 2025, Zhongjuxin achieved total revenue of 567 million yuan, a year-on-year increase of 20.40%, with significant growth in the electronic wet chemicals segment, which saw a revenue increase of 25.57% [6] - R&D expenses reached 40.596 million yuan, accounting for 7.17% of revenue, reflecting a year-on-year increase of 38.70% [6] - The company has made progress in product development, including the industrialization of several new products and advancements in purification technologies [6]

Core Insights - The electronic chemicals sector experienced a slight decline of 0.01% on October 29, with Anji Technology leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance Summary - **Top Gainers**: - Kaihua Materials (Code: 920526) closed at 27.02, up 5.84% with a trading volume of 21,100 shares and a transaction value of 55.41 million [1] - Zhongshi Technology (Code: 300684) closed at 49.40, up 5.56% with a trading volume of 335,900 shares and a transaction value of 1.633 billion [1] - Glinda (Code: 603931) closed at 30.25, up 3.28% with a trading volume of 120,800 shares and a transaction value of 363 million [1] - **Top Losers**: - Anji Technology (Code: 6108889) closed at 216.33, down 5.78% with a trading volume of 71,600 shares and a transaction value of 155.3 million [2] - Guangxin Materials (Code: 300537) closed at 25.21, down 4.94% with a trading volume of 171,000 shares and a transaction value of 432 million [2] - Siquan New Materials (Code: 301489) closed at 198.91, down 2.16% with a trading volume of 93,800 shares and a transaction value of 185.2 million [2] Capital Flow Analysis - The electronic chemicals sector saw a net outflow of 604 million from institutional investors, while retail investors contributed a net inflow of 396 million [2] - Notable capital flows include: - Zhongshi Technology had a net inflow of 31.05 million from retail investors, but a net outflow of 2.83 million from institutional investors [3] - Anji Technology experienced a significant net outflow of 155.3 million from institutional investors [2][3]

Market Overview - The electronic chemicals sector experienced a decline of 0.3% on October 28, with Siquan New Materials leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers in the electronic chemicals sector included: - Huate Gas (688268) with a closing price of 68.52, up 5.42% on a trading volume of 44,800 shares and a turnover of 297 million [1] - Jingrui Electric Materials (300655) closed at 18.25, up 4.23% with a trading volume of 3.09 million shares and a turnover of 56.791 million [1] - Conversely, Siquan New Materials (301489) saw a significant decline of 16.98%, closing at 203.30 with a trading volume of 138,900 shares and a turnover of 298.5 million [2] Capital Flow - The electronic chemicals sector experienced a net outflow of 1.446 billion in main funds, while retail investors saw a net inflow of 1.253 billion [2] - The capital flow for specific stocks showed: - Dinglong Co. (300054) had a main fund net inflow of 37.85 million, but retail investors had a net outflow of 22.91 million [3] - Huate Gas (688268) experienced a main fund net inflow of 8.2143 million, with retail investors seeing a net outflow of 8.6272 million [3]

10月28日，中巨芯盘中下跌2.06%，截至10:56，报10.95元/股，成交2.98亿元，换手率4.58%，总市值 161.76亿元。 资金流向方面，主力资金净流出3956.26万元，特大单买入655.84万元，占比2.20%，卖出1424.94万元， 占比4.77%；大单买入5655.85万元，占比18.95%，卖出8843.00万元，占比29.63%。 中巨芯今年以来股价涨28.60%，近5个交易日涨7.99%，近20日涨13.94%，近60日涨38.08%。 中巨芯所属申万行业为：电子-电子化学品Ⅱ-电子化学品Ⅲ。所属概念板块包括：中芯国际概念、大基 金概念、集成电路、特种气体、基金重仓等。 截至9月30日，中巨芯股东户数3.82万，较上期增加13.97%；人均流通股15407股，较上期减少10.50%。 2025年1月-9月，中巨芯实现营业收入8.81亿元，同比增长17.56%；归母净利润2520.94万元，同比减少 15.22%。 分红方面，中巨芯A股上市后累计派现2215.91万元。 机构持仓方面，截止2025年9月30日，中巨芯十大流通股东中，嘉实上证科创板芯片ETF（588200）位 居第 ...

Group 1 - The core transaction involved 1.5 million shares of Zhongjuxin-U, with a total transaction value of 16.53 million yuan, executed at a price of 11.02 yuan, reflecting a discount of 1.52% compared to the closing price [1][4] - The buyer was an institutional proprietary trading department, while the seller was from China International Capital Corporation's Shanghai Xuhui District branch [1][4] - Over the past three months, Zhongjuxin-U has recorded two block trades totaling 22.36 million yuan [1] Group 2 - The closing price of Zhongjuxin-U today was 11.19 yuan, marking an increase of 10.68%, with a turnover rate of 17.69% and a total trading volume of 1.133 billion yuan [1] - The net inflow of main funds for the day was 32.11 million yuan, and the stock has seen a cumulative increase of 15.36% over the past five days, with a total net inflow of 28.96 million yuan [1] - The latest margin financing balance for the stock is 367 million yuan, with an increase of 8.70 million yuan over the past five days, representing a growth rate of 2.43% [2] Group 3 - Zhongjuxin Technology Co., Ltd. was established on December 25, 2017, with a registered capital of 1.477276 billion yuan [3]

证券时报·数据宝统计显示，中巨芯-U今日收盘价为11.19元，上涨10.68%，日换手率为17.69%，成交额 为11.33亿元，全天主力资金净流入3210.64万元，近5日该股累计上涨15.36%，近5日资金合计净流入 2895.73万元。 中巨芯-U10月24日大宗交易平台出现一笔成交，成交量150.00万股，成交金额1653.00万元，大宗交易 成交价为11.02元，相对今日收盘价折价1.52%。该笔交易的买方营业部为机构专用，卖方营业部为中国 中金财富证券有限公司上海徐汇区淮海中路证券营业部。 进一步统计，近3个月内该股累计发生2笔大宗交易，合计成交金额为2235.57万元。 10月24日中巨芯-U大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 溢价（%） | 业部 | | | 150.00 | 1653.00 | 11.02 | -1.52 | 机构专 | 中国中金财富证券有限公司上海徐汇 | | | | | | 用 | 区 ...

Group 1 - The core point of the article highlights that Zhongjuxin executed a block trade of 1.5 million shares on October 24, with a transaction value of 16.53 million yuan, accounting for 1.44% of the total trading volume for the day [1] - The transaction price was 11.02 yuan, which represents a discount of 1.52% compared to the market closing price of 11.19 yuan [1]