Core Viewpoint - The company has successfully adapted its products to the most advanced 192-layer 3D NAND storage chip manufacturing line in China, ensuring solid support for mass production of advanced 3D NAND chips ranging from 64 layers to 192 layers [2] Group 1 - The company is actively involved in the 3D NAND storage chip sector [2] - The adaptation to the 192-layer manufacturing line signifies a technological advancement for the company [2] - The capability to support mass production of both 64-layer and 192-layer chips indicates a strong position in the market [2]

Group 1 - The company, Jingyi Equipment, reported that as of December 10, 2025, the total number of shareholders is 11,173 [1]

Core Viewpoint - The company has successfully adapted its products for the advanced 192-layer 3D NAND storage chip manufacturing line, ensuring robust support for the mass production of advanced 3D NAND chips ranging from 64 layers to 192 layers [1] Group 1 - The company is involved in the 3D NAND storage chip sector [1] - The products are compatible with the most advanced domestic manufacturing lines for 192-layer 3D NAND storage chips [1] - The adaptation of products provides a solid guarantee for large-scale production of advanced 3D NAND chips [1]

Group 1 - The report highlights that the global semiconductor industry is experiencing a significant cycle driven by AI, with China's semiconductor sector benefiting from this trend and policy guidance, leading to a potential for a fully self-sufficient integrated circuit industry [6][18][27] - The AI market is projected to grow at a compound annual growth rate (CAGR) of 56.3% over the next five years, with the global semiconductor market expected to exceed $1 trillion by 2030, particularly in the server, data center, and storage sectors [6][14][18] - Domestic demand for advanced logic foundry services is expected to reach 71,200 wafers per month by 2028, indicating a significant supply-demand gap in China's advanced logic foundry capacity [7][32][45] Group 2 - The report anticipates a new pricing cycle in the global storage market driven by AI, with domestic storage manufacturers expected to play a leading role in capacity expansion [49][50][61] - The demand for DRAM and NAND is projected to grow significantly, with DRAM bit demand expected to increase by 17-19% and NAND bit demand by 18-20% in the coming years [58][59] - Major storage manufacturers are focusing on technology upgrades and capacity control, which may lead to a supply-demand gap, benefiting domestic manufacturers like Changxin Storage and Yangtze Memory Technologies [61][68] Group 3 - The report emphasizes the importance of domestic semiconductor equipment investment, with a projected market size of $389 billion in China by 2025, leading the global market [81][86] - The expansion of advanced nodes in domestic semiconductor manufacturing is expected to enter a high prosperity phase, with significant capital expenditure planned for the coming years [81][86] - The report suggests that companies with high exposure to storage will outperform, drawing parallels to previous cycles where equipment companies saw substantial stock price increases [72][86]

Core Viewpoint - 京仪装备 has shown significant activity in the financing market, with a notable increase in both financing and margin trading, indicating strong investor interest and potential growth opportunities in the semiconductor equipment sector [1][2]. Financing Activity - On December 2, 京仪装备 experienced a financing buy-in of 18.22 million yuan, with a net financing buy of 1.49 million yuan, while the total financing and margin trading balance reached 271 million yuan [1]. - The current financing balance of 270 million yuan accounts for 2.48% of the circulating market value, which is above the 80th percentile level over the past year, indicating a high level of investor engagement [1]. Margin Trading - On the same day, 京仪装备 had no shares repaid in margin trading but sold 300 shares, amounting to 27,000 yuan at the closing price, with a margin balance of 1.19 million yuan, also exceeding the 90th percentile level over the past year [1]. Company Overview - 京仪装备, established on June 30, 2016, and listed on November 29, 2023, specializes in the research, production, and sales of semiconductor equipment, with its main products including temperature control equipment (61.33% of revenue) and process waste gas treatment equipment (29.84%) [2]. - As of November 28, 2023, the company had 10,600 shareholders, a decrease of 2.26%, with an average of 11,281 circulating shares per person, an increase of 2.31% [2]. Financial Performance - For the period from January to September 2025, 京仪装备 reported a revenue of 1.103 billion yuan, reflecting a year-on-year growth of 42.81%, while the net profit attributable to shareholders was 129 million yuan, a slight decrease of 0.99% [2]. Dividend Distribution - Since its A-share listing, 京仪装备 has distributed a total of 33.6 million yuan in dividends [3]. Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder is 东方人工智能主题混合A, holding 4.4724 million shares, an increase of 2.5204 million shares from the previous period [3]. - 易方达积极成长混合, the sixth-largest shareholder, reduced its holdings by 335,600 shares, while 香港中央结算有限公司, the tenth-largest shareholder, decreased its holdings by 363,000 shares [3].

证券日报网讯12月1日，京仪装备在互动平台回答投资者提问时表示，截至2025年11月28日，公司的股 东总户数为10554户。 ...

Market Performance - The semiconductor sector increased by 1.32% on November 28, with Xidian Micro leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Top Gainers in Semiconductor Sector - Xidian Micro (688173) closed at 17.48, up 14.62%, with a trading volume of 492,500 shares and a transaction value of 840 million [1] - Jinghe Integrated (688249) closed at 31.80, up 10.42%, with a trading volume of 697,000 shares and a transaction value of 2.171 billion [1] - Huicheng Co. (688403) closed at 15.17, up 9.37%, with a trading volume of 611,400 shares and a transaction value of 916 million [1] Top Losers in Semiconductor Sector - Hengkun New Materials (688727) closed at 49.21, down 3.66%, with a trading volume of 129,100 shares and a transaction value of 644 million [2] - Mingwei Electronics (e88eaa) closed at 49.78, down 3.51%, with a trading volume of 81,600 shares and a transaction value of 409 million [2] - Dongxin Co. (688110) closed at 130.00, down 3.00%, with a trading volume of 471,700 shares and a transaction value of 6.062 billion [2] Capital Flow in Semiconductor Sector - The semiconductor sector saw a net inflow of 294 million from institutional investors, while retail investors contributed a net inflow of 725 million [2] - Speculative funds experienced a net outflow of 1.019 billion [2] Individual Stock Capital Flow - Demingli (001309) had a net inflow of 4.30 billion from institutional investors, while speculative funds saw a net outflow of 2.86 billion [3] - Jinghe Integrated (688249) had a net inflow of 1.98 billion from institutional investors, but a net outflow of 209 million from retail investors [3] - Jiangbolong (301308) recorded a net inflow of 160 million from institutional investors, with a net outflow of 187 million from speculative funds [3]

Core Viewpoint - The A-share market saw a significant rise in storage chip stocks on November 28, with multiple companies experiencing notable gains in their stock prices [1]. Group 1: Stock Performance - LeiKe Defense (雷科防务) reached a limit-up with a gain of 10.06%, bringing its total market value to 10.1 billion [2]. - HuiCheng Co., Ltd. (汇成股份) increased by 9.16%, with a total market capitalization of 13 billion [2]. - Jingyi Equipment (京仪装备) rose by 8.93%, achieving a market value of 16.1 billion [2]. - Shanghai Xinyang (上海新阳) saw a gain of 5.31%, with a market cap of 17.8 billion [2]. - Benhai Materials (本海道材) increased by 4.29%, with a total market value of 48 billion [2]. - JingSheng Co., Ltd. (晶升股份) rose by 4.21%, with a market capitalization of 4.893 billion [2]. - Aerospace Intelligent Equipment (航天智装) increased by 3.35%, with a market value of 18.4 billion [2]. - Kexiang Co., Ltd. (科翔股份) saw a gain of 3.26%, with a market cap of 6.963 billion [2]. - Zhenhua Wind Power (振华风光) increased by 3.28%, with a market value of 11.6 billion [2]. - Jiangbolong (江波龙) rose by 3.17%, achieving a market capitalization of 103.4 billion [2]. - Chengbang Co., Ltd. (诚邦股份) increased by 2.98%, with a market value of 4.014 billion [2]. - Baiwei Storage (佰维存储) rose by 3.05%, with a total market capitalization of 49.4 billion [2]. Group 2: Year-to-Date Performance - LeiKe Defense (雷科防务) has a year-to-date increase of 75.69% [2]. - HuiCheng Co., Ltd. (汇成股份) has risen by 70.56% year-to-date [2]. - Jingyi Equipment (京仪装备) has a year-to-date increase of 95.82% [2]. - Shanghai Xinyang (上海新阳) has risen by 53.52% year-to-date [2]. - Benhai Materials (本海道材) has a year-to-date increase of 24.27% [2]. - JingSheng Co., Ltd. (晶升股份) has risen by 26.44% year-to-date [2]. - Aerospace Intelligent Equipment (航天智装) has a year-to-date increase of 97.45% [2]. - Kexiang Co., Ltd. (科翔股份) has a year-to-date increase of 110.14% [2]. - Zhenhua Wind Power (振华风光) has risen by 13.42% year-to-date [2]. - Jiangbolong (江波龙) has a remarkable year-to-date increase of 186.81% [2]. - Chengbang Co., Ltd. (诚邦股份) has a year-to-date increase of 223.19% [2]. - Baiwei Storage (佰维存储) has risen by 70.91% year-to-date [2].

Group 1 - The company, Jingyi Equipment, reported that as of October 31, 2025, the total number of shareholders is 11,817 [2]

Core Viewpoint - The announcement details the upcoming listing and circulation of strategic placement shares for Beijing Jingyi Automation Equipment Technology Co., Ltd., which will occur on December 1, 2025, after a 24-month lock-up period for 1,680,000 shares [2][3]. Group 1: Listing Details - The type of shares being listed is the first public offering of strategic placement shares, with a total of 1,680,000 shares set to be circulated [2]. - The total number of shares listed for circulation is equal to the entire quantity of strategic placement shares subject to the lock-up period [2]. - The shares will be available for trading on December 1, 2025, following the expiration of the lock-up period [3]. Group 2: Shareholder Information - The sole shareholder of the restricted shares is Guotai Junan Zhenyu Investment Co., Ltd., which holds 1,680,000 shares, representing 1.00% of the company's total share capital [3]. - The lock-up period for these shares is 24 months from the date of the company's initial public offering and listing [3]. Group 3: Compliance and Verification - The underwriting institution has confirmed that the shareholder has strictly adhered to the commitments made during the IPO process [5]. - The listing of the restricted shares complies with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [5].