上海合晶硅材料股份有限公司 信用类债券信息披露管理制度 第一章 总 则 第一条 为了规范上海合晶硅材料股份有限公司（以下简称"公司"）的信 用类债券信息披露行为，维护投资者合法权益，依据《中华人民共和国证券法》 《中华人民共和国公司法》《上市公司信息披露管理办法》《公司信用类债券信 息披露管理办法》《银行间债券市场非金融企业债务融资工具信息披露规则》等 相关法律法规以及公司章程及其他有关规定，结合公司实际情况，制定本制度。 第二条 本制度所称公司信用类债券（以下简称"债券"）包括企业债券、 公司债券和非金融企业债务融资工具。公司公开发行的企业债券、公司债券以及 银行间债券市场非金融企业债务融资工具的发行及存续期信息披露适用本制度。 公司非公开发行的公司信用类债券信息披露规则参照本制度执行。 第三条 本制度所称"信息披露"，系指在债券发行时或存续期限内债券监 管机构要求披露的信息，或可能对公司偿债能力产生重大影响的信息，按照中国 银行间市场交易商协会（以下简称"交易商协会"）或证券交易所（以下简称"交 易所"）的要求，在规定的时间、在规定的媒介、以规定的方式向银行间市场或 交易所市场公布的过程。 本制度所称"存 ...

上海合晶(688584.SH)公告称，2025年第三季度，公司营业收入3.80亿元，同比增长25.85%；净利润 4508.40万元，同比增长47.02%。前三季度公司营业收入为10.06亿，同比增长19.05%；净利润1.05亿 元，同比增长32.86%。主要原因为行业景气度回升，下游客户库存水位回归合理，产品销量增加，产 能利用率维持高位，带动营业收入和归属于上市公司股东的净利润的上升。同时，公司积极布局12英寸 大尺寸硅片的研发与建厂扩产，以及12英寸55nm CIS外延片量产及28nmP/P-外延片研发，12英寸客户 需求增加带动销量提升，收入和利润同比增长。此外，公司8英寸产品差异化策略进一步落实，推动功 率器件领域外延片高端国产化替代。 ...

证券代码：688584 证券简称：上海合晶 公告编号：2025-040 上海合晶硅材料股份有限公司 开展远期结售汇业务的公告 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： 交易目的：为对冲经营活动中的汇率风险，上海合晶硅材料股份有限公司 （以下简称"公司"）及子公司拟利用外汇衍生品，开展与业务规模、期限和币种相 匹配的远期结售汇业务，以锁定订单收益，规避汇率风险。 交易品种：公司及子公司拟开展的外汇产品业务为远期结售汇业务。 交易金额及币种：公司及子公司拟开展的远期结售汇业务仅限于避险性质且 预计任一交易日持有的最高合约价值不超过 1.5 亿元人民币（或等值外币，含本数）， 预计动用的交易保证金和权利金上限不超过 6,000 万元人民币（或等值外币，含本 数），自董事会审议通过之日起 12 个月内可在此额度内滚动使用，期限内任一时点 的交易金额不超过前述已审议额度。结算币种为公司生产经营所使用的主要结算货 币美元、欧元、日元等。 已履行的审议程序：公司于 2025 年 10 月 24 日召开第三届董事会第 ...

证券代码：688584 证券简称：上海合晶 公告编号：2025-041 上海合晶硅材料股份有限公司 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 11 月 12 日 14 点 45 分 关于召开2025年第一次临时股东会的通知 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： 一、 召开会议的基本情况 （一） 股东会类型和届次 2025年第一次临时股东会 （二） 股东会召集人：上海合晶硅材料股份有限公司董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 召开地点：上海市松江区石湖荡镇长塔路 558 号 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 11 月 12 日 至2025 年 11 月 12 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联 ...

上海合晶10月24日公告，2025年第三季度实现营业收入3.8亿元，同比增长25.85%；归属于上市公司股 东的净利润4508.4万元，同比增长47.02%；基本每股收益0.07元。前三季度实现营业收入10.06亿元，同 比增长19.05%；归属于上市公司股东的净利润1.05亿元，同比增长32.86%；基本每股收益0.16元。 ...

Market Overview - The net inflow of main funds in the Shanghai and Shenzhen markets reached 27.724 billion yuan, with the Sci-Tech Innovation Board seeing a net inflow of 3.374 billion yuan [1] - A total of 269 stocks experienced net inflows, while 320 stocks faced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 532 stocks rose, with four stocks hitting the daily limit, including Zhengyuan Dixin and Fangyuan Co., while 55 stocks declined [1] - Among the stocks with significant net inflows, 11 stocks had inflows exceeding 100 million yuan, with SMIC leading at 978 million yuan [2] Continuous Fund Flow - There are 27 stocks that have seen continuous net inflows for more than three trading days, with Kangwei Century leading at 13 consecutive days of inflow [2] - Conversely, 180 stocks have experienced continuous outflows, with Hangke Technology facing the longest streak at 14 consecutive days of outflow [2] Top Fund Inflows - The top stocks by net inflow include: - SMIC: 977.8 million yuan, with a flow rate of 9.89% and a price increase of 3.72% [2] - Haiguang Information: 457.1 million yuan, with a flow rate of 5.76% and a price increase of 3.57% [2] - Zhongwei Company: 308.7 million yuan, with a flow rate of 8.48% and a price increase of 2.61% [2] Notable Outflows - The stock with the highest net outflow is Huahong Company, which saw a net outflow of 287 million yuan and a price decrease of 0.62% [1] - Other notable outflows include Dongxin Co. and Jinghe Integration, with net outflows of 178 million yuan and 157 million yuan, respectively [1]

Investment Rating - The report initiates coverage with a "Buy" rating for the company, setting a target price of 27.9 RMB based on a 90x PE for 2026 [4]. Core Insights - The company is one of the few integrated manufacturers of semiconductor silicon epitaxial wafers in China, capable of the entire production process from crystal growth to substrate formation and epitaxial growth. In H1 2025, the company achieved revenue of 625 million RMB, a year-on-year increase of 15%, and a net profit attributable to shareholders of 59.71 million RMB, up 24% year-on-year, indicating a recovery in revenue and profit growth [2][20]. - The global semiconductor market is showing signs of recovery, with a market size of 346 billion USD in H1 2025, reflecting a year-on-year growth of 19%. The WSTS has revised its forecast for the entire year of 2025 to 728 billion USD, expecting a 15% year-on-year increase, which is 4 percentage points higher than previous expectations [2][39]. - The company focuses on power devices and analog chips, benefiting from the recovery in end-user demand in automotive electronics and industrial sectors. The global discrete device market is expected to reach 46.1 billion USD by 2028, with a CAGR of 8.5% from 2024 to 2028 [2][39]. Summary by Sections 1. Integrated Semiconductor Silicon Epitaxial Wafer Supplier - The company has established itself as a key supplier in the semiconductor industry, providing high-quality silicon epitaxial wafers used in various applications, including power devices and analog chips [14][18]. - The company's revenue and performance have been influenced by the cyclical nature of the semiconductor industry, with a notable recovery in H1 2025 [20][24]. 2. Demand Driven by Power Devices and Analog Chips - The semiconductor materials market is experiencing a mild recovery, with the global semiconductor materials market expected to reach 76 billion USD in 2025, growing by 8.4% year-on-year [30]. - The company has a strong overseas presence, with 86% of its revenue coming from international markets, indicating a robust global sales network [25][30]. 3. Strategic Focus on 8-inch and 12-inch Wafer Production - The company is expanding its production capacity, particularly in 12-inch wafers, to meet the growing demand driven by AI and HPC sectors. The IPO in 2024 raised 1.4 billion RMB to fund these initiatives [3][4]. - The company aims to enhance its product structure by focusing on advanced process logic chips and automotive-grade products, which are expected to improve its competitive position [2][3]. 4. Profit Forecast and Investment Recommendations - The company is projected to achieve revenues of 1.31 billion RMB, 1.62 billion RMB, and 1.97 billion RMB in 2025, 2026, and 2027, respectively, with corresponding net profits of 160 million RMB, 204 million RMB, and 260 million RMB, indicating strong growth potential [4][8]. - The report highlights the company's advantageous customer structure, which is expected to contribute to margin improvements as the 12-inch epitaxial wafer capacity comes online [4][8].

Core Insights - Shanghai Hejing's stock price increased by 0.75% on October 15, with a trading volume of 99.98 million yuan [1] - The company experienced a net financing outflow of 446.10 thousand yuan on the same day, with a total financing balance of 1.59 billion yuan, representing 1.94% of its market capitalization [1] - The company reported a revenue of 625 million yuan for the first half of 2025, marking a year-on-year growth of 15.26%, and a net profit of 59.71 million yuan, up 23.86% year-on-year [2] Financing and Margin Trading - On October 15, Shanghai Hejing had a financing buy-in of 534.18 thousand yuan and a financing repayment of 980.28 thousand yuan, resulting in a net financing buy-in of -446.10 thousand yuan [1] - The current financing balance of 1.59 billion yuan is above the 80th percentile of the past year, indicating a high level of financing activity [1] - The margin trading data shows that on October 15, there were no shares repaid, but 200 shares were sold short, amounting to 4,812 yuan, with a margin balance of 105.9 thousand yuan, also above the 70th percentile of the past year [1] Shareholder and Dividend Information - As of September 30, the number of shareholders for Shanghai Hejing was 16,800, a decrease of 0.28% from the previous period, with an average of 20,225 circulating shares per shareholder, an increase of 0.29% [2] - Since its A-share listing, Shanghai Hejing has distributed a total of 332 million yuan in dividends [3] - As of June 30, 2025, the sixth largest circulating shareholder is the Harvest SSE Sci-Tech Innovation Board Chip ETF, holding 4.7253 million shares as a new shareholder [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 大股东持有的基本情况 截至本公告披露日，上海合晶硅材料股份有限公司（以下简称 "公司"）大股东河南京港股权投资基金 管理有限公司－河南兴港融创创业投资发展基金（有限合伙）（以下简称"兴港融创"）持有公司股份 198,737,316股，占公司总股本29.86%，为公司首次公开发行前取得的股份，已于2025年2月10日上市流 通。 ● 减持计划的主要内容 公司近日收到大股东兴港融创出具的《关于股份减持计划的告知函》，因股东自身资金需求，兴港融创 计划自本公告披露之日起15个交易日后的三个月内，通过集中竞价交易方式或大宗交易方式减持股份数 量合计不超过6,654,583股，即不超过公司总股本的1%。减持股份计划实施期间，如遇派息、送股、转 增股本、配股等除权除息事项，上述拟减持股份数量将相应进行调整。现将具体情况公告如下： 一、减持主体的基本情况 ■ 上述减持主体无一致行动人。 上述股东自公司上市以来未 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688584 证券简称：上海合晶 公告编号：2025-038 上海合晶硅材料股份有限公司 关于持股5%以上股东减持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 大股东持有的基本情况 截至本公告披露日，上海合晶硅材料股份有限公司（以下简称 "公司"）大股东河南京港股权投资基金 管理有限公司－河南兴港融创创业投资发展基金（有限合伙）（以下简称"兴港融创"）持有公司股份 198,737,316股，占公司总股本29.86%，为公司首次公开发行前取得的股份，已于2025年2月10日上市流 通。 ● 减持计划的主要内容 公司近日收到大股东兴港融创出具的《关于股份减持计划的告知函》，因股东自身资金需求，兴港融创 计划自本公告披露之日起15个交易日后的三个月内，通过集中竞价交易方式或大宗交易方式减持股份数 量合计不超过6,654,583股，即不超过公司总股本的1%。减持股份计划实施期间，如遇派息、送股、转 增股本、配股等除权除息事项， ...