Core Insights - The semiconductor sector is experiencing a strong upward trend, with the Shanghai Stock Exchange Sci-Tech Innovation Board Semiconductor Materials and Equipment Theme Index (950125) rising by 4.57% as of October 24, 2025 [1] - Key stocks such as ShenGong Co., Ltd. (688233) and Zhongju Semiconductor (688549) saw significant increases of 13.82% and 12.96%, respectively [1] - The Ministry of Science and Technology emphasized the ongoing development of artificial intelligence (AI) and high-performance computing chips, which is expected to drive demand for computing power and storage chips [1] Industry Summary - The Sci-Tech Innovation Board Semiconductor Materials and Equipment Theme Index includes companies involved in semiconductor materials and equipment, reflecting the overall performance of these listed companies [1] - The top ten weighted stocks in the index account for 74.36% of the total index, indicating a concentrated market structure [2] - The anticipated growth in AI investments by domestic internet companies is expected to contribute to an upward cycle in the storage chip industry [1]

10月22日，中巨芯发布第三季度业绩报告。公司第三季度实现营业收入3.14亿元，同比增长12.76%；归属于上市公司股东的净利润1707.17万元，同比大幅 增长152.24%；扣除非经常性损益的净利润1111.51万元，增幅高达217.04%。 中巨芯在公告中表示，第三季度业绩变化主要系通过持续的市场开拓和工艺技术优化，浙江基地电子特种气体二期和华中基地电子湿化学品产品产销量稳步 提升，毛利总额相较去年同期有所提升。 作为半导体材料领域企业，中巨芯持续重视研发投入，2025年前三季度研发投入合计 6035.8万元，同比增长30.69%。研发投入占营业收入的比例达6.85%， 较上年同期提升0.68个百分点，技术研发力度进一步加大，为核心产品竞争力提升提供支撑。 中巨芯在持续深耕电子湿化学品、电子特气、前驱体材料等电子化学材料的同时，将适时拓展边界，延伸至更广阔的其他半导体材料（如高纯石英材料）及 相关零部件领域。公司近期还通过收购英国Heraeus公司积极布局高纯石英材料新领域，并扩大高纯三氧化硫项目投资至1.51亿元，拓展未来发展空间。 | | | 本报告期比 | | 年初至报告期 | | --- | - ...

Core Insights - The semiconductor materials and equipment theme index on the Shanghai Stock Exchange's Sci-Tech Innovation Board decreased by 0.96% as of October 23, 2025, with mixed performance among constituent stocks [1] - Zhongjuxin reported a third-quarter revenue of 314 million yuan, a year-on-year increase of 12.76%, and a net profit attributable to shareholders of 17.07 million yuan, up 152.24% year-on-year [1] - The growth in Zhongjuxin's performance is attributed to market expansion and process optimization, with steady increases in production and sales of electronic specialty gases and wet chemicals [1] - Shanghai Securities highlighted the ongoing demand for advanced production lines in the context of AI and domestic substitution, indicating growth opportunities for domestic semiconductor equipment manufacturers [1] Industry Summary - The Sci-Tech Semiconductor ETF (588170) tracks the semiconductor materials and equipment theme index, focusing on companies in semiconductor equipment (61%) and materials (23%) [2] - The semiconductor equipment and materials sector is crucial for domestic substitution, characterized by low domestic replacement rates and high ceilings for domestic alternatives, benefiting from the expansion of semiconductor demand driven by the AI revolution [2] - The Semiconductor Materials ETF (562590) also emphasizes semiconductor equipment (61%) and materials (21%), focusing on the upstream semiconductor industry [2]

Group 1: Earnings Reports - Tonghuashun reported a 39.67% increase in revenue to 3.261 billion yuan for the first three quarters of 2025, with a net profit increase of 85.29% to 1.206 billion yuan [2] - Weihua New Materials experienced a 15.18% decline in revenue to approximately 660 million yuan for the first three quarters, but a significant net profit increase of 250.04% in Q3 to approximately 25.38 million yuan [1] - Yanjing Co. achieved a 22.99% revenue growth to 1.295 billion yuan for the first three quarters, with a net profit increase of 27.95% to approximately 42.5 million yuan [1] - XH Technology reported a 26.47% revenue increase to approximately 742 million yuan for the first three quarters, with a net profit increase of 186.19% to approximately 95.47 million yuan [5] - Dongtian Micro reported a 53.91% revenue increase to approximately 637 million yuan for the first three quarters, with a net profit increase of 99.2% to approximately 80.03 million yuan [6] Group 2: Corporate Actions - China Unicom plans to spin off its subsidiary, Unicom Smart Network Technology, for listing on the Shenzhen Stock Exchange's Growth Enterprise Market, aiming to enhance innovation and competitiveness in the vehicle networking industry [3] - Kailer Co. is planning to acquire at least 50% of Kesheng Electromechanical, aiming to enter the high-end coating equipment sector [11] - Huitong Technology is preparing for an H-share listing in Hong Kong, with management authorized to initiate the process [11] Group 3: Other Notable Developments - Hengyi Petrochemical's subsidiary has successfully entered the trial production phase of a new project aimed at increasing its nylon production capacity [12] - Sichuan Chengyu's subsidiary signed a sand and gravel supply contract for a highway project, with a total transaction amount expected to be under 100 million yuan [14] - Sanwang Communication's board received a proposal for a share buyback plan, with a total amount not less than 20 million yuan [14]

Group 1: Market Developments - Shenzhen aims to exceed a total market capitalization of 20 trillion yuan for listed companies by the end of 2027, an increase of 5 trillion yuan from previous targets [1] - The city plans to complete over 200 merger and acquisition projects with a total transaction value exceeding 100 billion yuan by 2027 [1] Group 2: Industry Performance - Shanghai's manufacturing output in the three leading industries grew by 8.5% year-on-year, with artificial intelligence manufacturing increasing by 12.8% [2] - The overall industrial output value in Shanghai increased by 5.7% year-on-year, with strategic emerging industries growing by 7.3% [2] Group 3: Company Announcements - UBI, a major shareholder of Shenyang Biological, plans to reduce its stake by up to 3% due to funding needs for clinical trials and commercialization of new drugs [8] - Sanwang Communication intends to repurchase shares worth between 20 million and 40 million yuan to support employee stock ownership plans [9] - Zhongjuxin reported a net profit increase of 152.24% year-on-year for the third quarter, with total revenue of 314 million yuan [10] Group 4: Financing Activities - Leju Robotics completed a Pre-IPO round of financing amounting to 1.5 billion yuan, with plans for an IPO underway [14] - Xunyu Technology announced over 100 million yuan in Pre-A round financing led by Sequoia China and Hillhouse Capital [15] - Haibo Pharmaceutical completed over 200 million yuan in B round financing, focusing on small molecule targeted drug development [18]

Core Insights - The company reported a revenue of 313,964,923.74 yuan for the third quarter of 2025, representing a year-on-year growth of 12.76% [2] - The net profit attributable to shareholders of the listed company was 17,071,716.24 yuan, showing a significant year-on-year increase of 152.24% [2] Financial Performance - Revenue for Q3 2025: 313,964,923.74 yuan, up 12.76% year-on-year [2] - Net profit for Q3 2025: 17,071,716.24 yuan, up 152.24% year-on-year [2]

Core Viewpoint - Zhongjuxin announced the recognition of credit impairment losses and asset impairment losses totaling 21,812,583.85 yuan for the first three quarters of 2025 to accurately reflect its financial status and operating results [2] Financial Performance - The company has made provisions for potential credit impairment losses and asset impairment losses as of September 30, 2025, based on a principle of prudence [2] - The total amount of recognized losses for the first three quarters of 2025 is approximately 21.81 million yuan [2]

Core Viewpoint - Zhongjuxin plans to expand its production capacity of high-purity sulfur trioxide, increasing the investment in the project and adjusting its internal investment structure [2] Group 1: Project Expansion - The project name has been changed to "Electronic-grade Sulfuric Acid Supporting Annual Production of 150,000 Tons of High-Purity Sulfur Trioxide" [2] - The total investment for the project will increase from 95.08 million yuan to 151.95 million yuan [2] - The expected completion date for the project has been adjusted from June 2026 to May 2027 [2] Group 2: Funding and Approval - The funding will be sourced from the company's own funds and self-raised funds [2] - The matter has been approved by the company's second board of directors' tenth meeting and the seventh meeting of the audit committee, and does not require shareholder approval [2]

国泰海通证券股份有限公司 关于中巨芯科技股份有限公司 使用自有资金及自筹资金增加部分募投项目投资额 并调整项目内部投资结构及项目延期的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐人"）作为中 巨芯科技股份有限公司（以下简称"中巨芯"、"公司"或"发行人"）首次公开 发行股票并在科创板上市持续督导的保荐人，根据《证券发行上市保荐业务管理 办法》《上市公司募集资金监管规则》《上海证券交易所科创板股票上市规则》《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》等有关法律法 规和规范性文件的要求，对中巨芯使用自有资金及自筹资金增加部分募投项目投 资额并调整项目内部投资结构及项目延期的事项进行了核查，核查情况如下： 一、募集资金及投资项目基本情况 （一）募集资金基本情况 根据中国证券监督管理委员会于 2023 年 6 月 13 日出具的《关于同意中巨芯 科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2023〕1278 号）， 同意公司首次公开发行股票的注册申请，公司首次向社会公开发行人民币普通股 （A 股）36,931.90 万股，每股发行价格 5.18 元，募集资金总额 ...

每经头条（nbdtoutiao）——展望"十五五"|专访贺铿：必须改变以往将资金过度集中于房屋建设和基础 设施建设的倾向，更加突出民生领域投入 （记者 张明双） 每经AI快讯，中巨芯（SH 688549，收盘价：10.36元）10月22日晚间发布三季度业绩公告称，2025年前 三季度营收约8.81亿元，同比增加17.56%；归属于上市公司股东的净利润约2521万元，同比减少 15.22%；基本每股收益0.0171元，同比减少14.93%。 截至发稿，中巨芯市值为153亿元。 ...