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].

Investment Rating - The report assigns an "Overweight" rating for the semiconductor equipment industry [4]. Core Insights - The rapid development of artificial intelligence (AI) is expected to drive significant growth in the demand for related testing equipment, particularly in AI computing, HBM (High Bandwidth Memory), and server motherboard testing equipment [2][4]. - The global market for AI computing testing equipment is projected to reach $2.3 billion by 2024, with the overall integrated circuit testing equipment market expected to grow from $7.54 billion in 2024 to $9.77 billion by 2026, reflecting a year-on-year increase of 29.58% [4]. - The increasing complexity of HBM products is leading to new testing requirements, while the development of ultra-node technology is driving the demand for server motherboard testing equipment [2][4]. Summary by Sections AI Computing Testing Equipment - The market for AI computing testing equipment is anticipated to grow rapidly, reaching $2.3 billion by 2024 [4]. - Teradyne, a leading global testing machine company, estimates that the market for AI computing testing equipment will continue to grow [4]. HBM Product Testing - The demand for HBM testing is increasing due to the strong demand from AI chip customers, with SK Hynix leading in the HBM market [4]. - The development of HBM4 products has introduced new testing steps to improve quality and yield [4]. Server Testing Equipment - The rapid growth of AI model parameters is creating a need for substantial computing power and memory resources, leading to the emergence of ultra-node technology [4]. - Testing for servers is becoming increasingly important, with various tests required to ensure proper functionality, highlighting the growing demand for related testing equipment suppliers [4].

中信建投证券股份有限公司 关于深圳精智达技术股份有限公司 对外担保额度预计的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券""保荐机构"）作 为深圳精智达技术股份有限公司（以下简称"精智达""公司"）首次公开发行 股票并在科创板上市的保荐机构，根据《上市公司监管指引第8号——上市公司 资金往来、对外担保的监管要求》《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规则适用指引第1号——规范运作》及 《证券发行上市保荐业务管理办法》等相关法律法规及规范性文件，对精智达本 次对外担保额度预计事项进行了审慎核查，发表如下核查意见。 一、担保情况概述 （二）内部决策程序 （一）担保基本情况 为满足公司下属全资或控股子公司的生产经营和业务发展需要，结合公司发 展计划，公司及其全资或控股子公司拟为Seichitech (Hongkong) Limited（精智达 （香港）有限公司）（以下简称"香港精智达"）、苏州精智达智能装备技术有 限公司（以下简称"苏州精智达"）、长沙精智达电子技术有限公司（以下简称 "长沙精智达"）、合肥精智达智能装备有限公司（以下简称"精智达智能装 备"）、南 ...

证券代码：688627 证券简称：精智达 公告编号：2025-076 深圳精智达技术股份有限公司 关于对外担保额度预计的公告 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： 被担保方：对外担保额度预计事项（以下简称"本次担保"或"本次预 计担保"）的被担保方为深圳精智达技术股份有限公司（以下简称"公司"或"精 智达"）全资或控股子公司 Seichitech (Hongkong) Limited（精智达（香港）有限 公司）（以下简称"香港精智达"）、苏州精智达智能装备技术有限公司（以下 简称"苏州精智达"）、长沙精智达电子技术有限公司（以下简称"长沙精智达"）、 合肥精智达智能装备有限公司（以下简称"精智达智能装备"）、南京精智达技 术有限公司（以下简称"南京精智达"）、深圳精智达半导体技术有限公司（以 下简称"深圳精智达半导体"）及担保有效期内新设或投资的资产负债率低于 70%的全资或控股子公司，以上统称为"被担保方"。 为满足公司下属全资或控股子公司的生产经营和业务发展需要，结合公司发 展计划，公司及其全 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [4] Core Views - The company has shown significant improvement in Q2 profitability, with a notable increase in revenue from semiconductor testing business [2][3] - The company is expected to benefit from the acceleration of domestic substitution in semiconductor testing equipment, with a positive outlook for revenue growth in the coming years [9] Financial Summary - For 2023A, the company reported revenue of 649 million yuan, with a year-on-year growth rate of 28.5%. The net profit attributable to the parent company was 116 million yuan, reflecting a year-on-year increase of 75.1% [1] - The company achieved a revenue of 4.44 million yuan in the first half of 2025, representing a year-on-year increase of 22.68%. The net profit attributable to the parent company was 0.31 million yuan, down 19.94% year-on-year [1][2] - The gross margin for the first half of 2025 was 36.05%, a decrease of 4.92 percentage points year-on-year, while the net margin was 6.90%, down 3.43 percentage points year-on-year [2] - The company expects to achieve net profits of 1.82 billion yuan, 2.75 billion yuan, and 3.74 billion yuan for the years 2025, 2026, and 2027 respectively [9] Business Performance - The semiconductor testing equipment segment saw a substantial revenue increase of 376.52% year-on-year in the first half of 2025, driven by strong demand in the global storage and AI sectors [3] - The company has secured a significant contract worth 3.23 billion yuan for semiconductor testing equipment, which is expected to positively impact its performance in 2025 and 2026 [2][9] - The company is making progress in various product lines, including DRAM aging test repair equipment and MEMS probe cards, enhancing its position as a leading domestic equipment supplier [3][8]

证券之星消息，9月22日通用设备板块较上一交易日上涨1.52%，沃尔德领涨。当日上证指数报收于 3828.58，上涨0.22%。深证成指报收于13157.97，上涨0.67%。通用设备板块个股涨跌见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603269 | 海鸥股份 | 6681.09万 | 23.29% | -3154.63万 | -11.00% | -3526.46万 | -12.29% | | 688627 | 精智达 | 6323.31万 | 8.97% | -2473.23万 | -3.51% | -3850.08万 | -5.46% | | 001696 | 宗申动力 | 5504.74万 | 5.41% | -5557.71万 | -5.46% | 52.97万 | 0.05% | | 600343 | 航天动力 | 5443.22万 | 12.67% | -3486.44万 | -8 ...

Group 1 - The core viewpoint of the news is that Jingzhida has experienced a significant stock price increase, with a 5.03% rise on September 22, reaching 154.42 CNY per share, and a cumulative increase of 18.56% over three consecutive days [1] - Jingzhida Technology Co., Ltd. is based in Shenzhen, Guangdong, and 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 testing (31.06%), and aging systems (10.51%) [1] - The company was established on May 31, 2011, and went public on July 18, 2023, with a total market capitalization of 14.517 billion CNY [1] Group 2 - Huazhan Fund holds a significant position in Jingzhida, with its Huazhan Intelligent Equipment Theme Stock A fund owning 365,800 shares, accounting for 3.45% of the fund's net value, making it the sixth-largest holding [2] - The fund has generated a floating profit of approximately 2.7071 million CNY today and 8.4213 million CNY during the three-day price increase [2] - The fund manager, Liu Changchang, has a tenure of 5 years and 260 days, with the fund's total asset size at 6.642 billion CNY and a best return of 237.59% during his management [2]

汇添富移动互联股票A（000697）基金经理为沈若雨。 从基金十大重仓股角度 数据显示，汇添富基金旗下1只基金重仓精智达。汇添富移动互联股票A（000697）二季度增持5.95万 股，持有股数99.68万股，占基金净值比例为3.45%，位居第七大重仓股。根据测算，今日浮盈赚取约 737.61万元。连续3天上涨期间浮盈赚取2294.57万元。 汇添富移动互联股票A（000697）成立日期2014年8月26日，最新规模23.17亿。今年以来收益66.2%， 同类排名117/4222；近一年收益108.72%，同类排名302/3813；成立以来收益151.3%。 9月22日，精智达涨5.03%，截至发稿，报154.42元/股，成交2.10亿元，换手率1.92%，总市值145.17亿 元。精智达股价已经连续3天上涨，区间累计涨幅18.56%。 资料显示，深圳精智达技术股份有限公司位于广东省深圳市龙华区龙华街道清湖社区清湖村富安娜公司 1号101工业园D栋1楼东，成立日期2011年5月31日，上市日期2023年7月18日，公司主营业务涉及新型 显示器件检测设备的研发、生产和销售业务。主营业务收入构成为：光学检测及校正修 ...