Core Viewpoint - The company Jingzhida (688627) has delivered its first high-speed testing machine to a key domestic customer, addressing the demand for high-speed testing in the semiconductor memory testing segment [1] Group 1: Product Development - The high-speed testing machine is primarily used in the semiconductor memory testing phase, fulfilling the need for high-speed testing solutions [1] - The company has completed the comprehensive layout of its main products in semiconductor memory testing equipment, indicating a strong product development strategy [1] Group 2: Market Position - The delivery of the high-speed testing machine is expected to strengthen the company's competitive position in the semiconductor memory testing equipment market [1] - The company aims to provide systematic solutions to its customers, which is part of its strategy to establish full-site service capabilities [1] Group 3: Future Outlook - The recent delivery is anticipated to have a positive impact on the company's future operating performance [1]

深圳精智达技术股份有限公司 关于交付首台高速测试机的自愿性披露公告 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： 一、本次高速测试机交付情况 二、高速测试机交付对公司的影响 证券代码：688627 证券简称：精智达 公告编号：2025-077 公司近日向国内重点客户交付首台高速测试机。该设备主要应用于半导体存 储器测试环节，解决高速测试需求。公司目前已基本完成半导体存储器件测试设 备主要产品的全面布局，可为客户提供系统化解决方案，初步形成全站点服务能 力，展现出较强的综合竞争优势。 本次交付系向重点客户进行交付的首台高速测试机，未来仍需进一步开展市 场推广及产品技术升级。该设备从调试运行到达产达标尚需一定时间，若未来市 场推广进度、产品技术升级不及预期或者行业及客户需求发生变化，可能对该类 产品的规模化销售产生影响。敬请广大投资者注意投资风险。 特此公告。 深圳精智达技术股份有限公司董事会 2025 年 9 月 25 日 本次首台高速测试机的交付有助于进一步巩固公司在半导体存储测试设备 市场的竞争地位。随 ...

Core Viewpoint - The company has completed a comprehensive layout of semiconductor memory testing equipment, addressing high-speed testing demands and showcasing strong competitive advantages in providing systematic solutions to customers [1] Group 1 - The equipment is primarily used in the semiconductor memory testing segment [1] - The company has established a full-site service capability, indicating a robust competitive edge [1] - The focus on high-speed testing requirements highlights the company's commitment to meeting industry needs [1]

Group 1 - The core viewpoint of the news is the significant stock price increase of Shenzhen Jingzhida Technology Co., Ltd., which has risen 44.33% over the past five days, reaching a price of 188.90 CNY per share [1] - The company specializes in the research, production, and sales of new display device testing equipment, with its main revenue sources being optical detection and calibration systems (52.16%), semiconductor memory device testing (31.06%), aging systems (10.51%), signal generators (4.17%), touch detection systems (1.36%), testing system accessories (0.64%), and others (0.11%) [1] - As of the latest data, the total market capitalization of Jingzhida is 17.759 billion CNY, with a trading volume of 1.083 billion CNY and a turnover rate of 8.48% [1] Group 2 - The fund "Huitianfu Mobile Internet Stock A" has increased its holdings in Jingzhida by 59,500 shares, bringing its total to 996,800 shares, which represents 3.45% of the fund's net value [2] - The fund has achieved a floating profit of approximately 9.898 million CNY today and a total floating profit of 54.7927 million CNY during the five-day stock price increase [2] - The fund has a total asset size of 2.317 billion CNY and has delivered a year-to-date return of 72.69%, ranking 101 out of 4,220 in its category [2]

Group 1 - The core viewpoint of the news highlights the significant increase in the stock price of Jingzhida, which rose by 16.97% on September 23, with a trading volume of 1.315 billion yuan [1] - As of September 23, the financing balance of Jingzhida reached 463 million yuan, accounting for 3.58% of its circulating market value, indicating a high level of financing activity compared to the past year [1] - The company specializes in the research, production, and sales of new display device testing equipment, with its main revenue sources being optical detection and calibration systems (52.16%) and semiconductor memory device testing (31.06%) [1] Group 2 - As of September 10, the number of shareholders in Jingzhida increased to 6,335, reflecting a growth of 33.34%, while the average circulating shares per person decreased by 24.02% [2] - For the first half of 2025, Jingzhida reported a revenue of 444 million yuan, representing a year-on-year growth of 22.68%, but the net profit attributable to the parent company decreased by 19.94% to 30.587 million yuan [2] - Since its A-share listing, Jingzhida has distributed a total of 64.8572 million yuan in dividends [3]

Core Insights - On September 23, 2023, the Shanghai-Hong Kong Stock Connect saw its special seats appear in 13 stocks on the Dragon and Tiger list, indicating significant trading activity in these stocks [1][2] - The net buying activity was led by Shanghai Construction Engineering, Electric Wind Power, and Fuda Co., with net buying amounts of 203.87 million, 29.47 million, and 24.44 million respectively [1][2] - Conversely, net selling was observed in Zhejiang University Net New, Shoukai Co., and Jingzhida, with net selling amounts of 101.30 million, 52.81 million, and 46.61 million respectively [1][2] Summary by Category Net Buying Stocks - Shanghai Construction Engineering: Net buying of 203.87 million, with a daily increase of 7.69% and a turnover rate of 24.21% [2] - Electric Wind Power: Net buying of 29.47 million, with a daily increase of 15.55% and a turnover rate of 4.53% [2] - Fuda Co.: Net buying of 24.44 million, with a daily increase of 10.03% and a turnover rate of 10.57% [2] - Other notable net buyers include Galun Electronics and Zhongke Lanyun, with net buying amounts of 11.80 million and 5.26 million respectively [2] Net Selling Stocks - Zhejiang University Net New: Net selling of 101.30 million, with a daily increase of 4.14% and a turnover rate of 29.06% [2] - Shoukai Co.: Net selling of 52.81 million, with a daily decrease of 4.13% and a turnover rate of 17.81% [2] - Jingzhida: Net selling of 46.61 million, with a daily increase of 16.97% and a turnover rate of 10.31% [2] - Other notable net sellers include Electronic City and Haile Co., with net selling amounts of 11.03 million and 0.26 million respectively [2]

Group 1 - The stock of Jingzhida (688627) closed at 178.97 yuan on September 23, with a rise of 16.97%, a turnover rate of 10.31%, and an amplitude of 11.94%, resulting in a total transaction amount of 1.315 billion yuan [2] - The stock was listed on the daily trading list due to its closing price increase of 15% [2] - The top five trading departments accounted for a total transaction amount of 434 million yuan, with a net selling amount of 68.47 million yuan [2] Group 2 - Among the top five buying departments, two were institutional special seats, with buying amounts of 46.70 million yuan and 31.27 million yuan, totaling 105 million yuan [3] - The selling departments included two institutional special seats, with selling amounts of 84.58 million yuan and 59.09 million yuan, and the Shanghai Stock Connect was the third-largest selling department with a selling amount of 46.61 million yuan [3] - The net inflow of main funds for the stock was 9.3185 million yuan throughout the day [3]

Group 1 - The company has successfully completed its annual target for high-speed FT testing machines ahead of schedule [1] - The KGSD CP testing machine is steadily progressing in validation, with continuous iteration and upgrades based on storage industry technology solutions [1] - There is a strong demand for aging testing machines, and the company possesses advantages in advanced temperature control, aging repair, power and current control, and mass production experience [1] Group 2 - The company is building a complete product line to meet the demands of the AI era, focusing on core needs such as storage, computing power, and integrated computing-storage solutions, as well as human-machine interaction [1] - The company is expanding its business based on the Chinese market, customer needs, and development advantages [1] - Semiconductor testing equipment is viewed as the foundational technology for the AI era, and the company is confident about its future development [1]

Summary of the Conference Call for 精智达 Industry and Company Overview - The conference call discusses the developments and strategies of 精智达, a company specializing in semiconductor testing equipment and solutions, particularly in the fields of AI, OLED, and MEMS technology [2][3][4]. Key Points and Arguments Business Developments - 精智达's aging testing machines and low-speed FT testing machines account for over 70% of its product mix, while consumables and components make up nearly 20% [2][3]. - The company has achieved a historic breakthrough with its high-speed FT testing machines, securing significant orders and preparing for mass production [2][3]. - The company has established strategic partnerships with domestic AI chip manufacturers, launching a prototype for SoC testing machines in 2023, with further developments expected by mid-2024 [2][3][4]. - 精智达 is the only domestic supplier capable of mass-producing MEMS process carbon probe cards, positioning itself strongly for new orders [2][4]. - The company has secured a multi-million dollar order from Meta to provide optical testing equipment for AR glasses, marking its status as a core global supplier [2][4]. Market Position and Strategy - 精智达 has the highest market share in the OLED EAC segment and module segment in China, responding to the expansion needs of major clients like 京东方, 维信诺, and 华星光电 [2][3][4]. - The company aims to build a complete product line to meet the demands of the AI era, focusing on storage, computing power, and human-computer interaction [5][8]. - 精智达 is positioned as the only supplier in China providing a systematic storage testing solution, achieving over 9G speeds in DRAM testing [6][14]. Future Growth and Challenges - The company anticipates significant growth in its probe card business due to high demand and limited supply from international competitors [10]. - There are plans to expand into NAND testing machines, leveraging existing DRAM testing capabilities [12]. - The display business is expected to maintain high profitability, with historical highs in gross margins and continued order support projected for the next three to five years [16][17][18]. Additional Important Information - The company has a comprehensive layout in the storage testing equipment sector, ensuring it meets the complex demands of new semiconductor technologies [9][12]. - The OLED and panel business is projected to have substantial opportunities for investment and growth, with significant capital plans from domestic manufacturers [15][18]. - The company is focused on maintaining its competitive edge by aligning its product offerings with the evolving needs of the market and its strategic clients [13].

Core Viewpoint - The company plans to provide a guarantee amounting to a maximum of 600 million RMB (or equivalent foreign currency) to its wholly-owned or controlling subsidiaries to support their operational and business development needs [2][3][8]. Summary by Sections Guarantee Overview - The guarantee will cover subsidiaries including Seichitech (Hongkong) Limited, Suzhou Seichitech Intelligent Equipment Technology Co., Ltd., Changsha Seichitech Electronics Technology Co., Ltd., Hefei Seichitech Intelligent Equipment Co., Ltd., Nanjing Seichitech Technology Co., Ltd., and Shenzhen Seichitech Semiconductor Technology Co., Ltd. [2][3] - The total expected guarantee amount is capped at 600 million RMB, which can be used on a rolling basis [2][3]. Internal Decision-Making Process - The company's board of directors approved the guarantee proposal on September 22, 2025, and it does not require shareholder approval [3][4][8]. - The guarantee is valid for 12 months from the date of board approval, and the management is authorized to determine specific guarantee amounts and terms within the approved limit [3][4]. Financial Health of Guaranteed Parties - As of June 30, 2025, the debt-to-asset ratios of the subsidiaries are all below 70%, indicating a stable financial condition and good credit status [7][9]. - There are no significant issues affecting the debt repayment ability of the guaranteed parties, and none are classified as dishonest executors [5][7]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to meet the daily operational needs of the subsidiaries and to enhance decision-making efficiency [7][9]. - The board believes that the company can effectively manage the subsidiaries and monitor their creditworthiness, ensuring that the guarantee risks are controllable and will not harm the interests of the company and its shareholders [7][9]. Board Opinion - The board unanimously approved the guarantee proposal, emphasizing its alignment with the company's operational needs and long-term development strategy [8][9]. - The board assessed that the guarantee will not damage the interests of the company or its shareholders [9]. Cumulative Guarantee Status - As of the announcement date, the company and its subsidiaries have not provided any guarantees, excluding this expected guarantee, and there are no overdue guarantees or litigation-related guarantees [9]. Sponsor's Opinion - The sponsor has confirmed that the guarantee proposal meets regulatory requirements and has undergone necessary legal procedures [9].