融券方面，东威科技10月9日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量1.41万股，融券余额54.80万元，低于近一年10%分位水平，处于低位。 资料显示，昆山东威科技股份有限公司位于江苏省昆山市巴城镇东定路505号，成立日期2005年12月29 日，上市日期2021年6月15日，公司主营业务涉及主要从事高端精密电镀设备及其配套设备的研发、设 计、生产及销售,主要产品包括应用于PCB电镀领域的垂直连续电镀设备、水平式表面处理设备,以及应 用于通用五金领域的龙门式电镀设备、滚镀类设备。主营业务收入构成为：设备类及其他主营业务 99.39%，其他(补充)0.61%。 10月9日，东威科技跌1.22%，成交额2.82亿元。两融数据显示，当日东威科技获融资买入额4121.40万 元，融资偿还2664.31万元，融资净买入1457.09万元。截至10月9日，东威科技融资融券余额合计4.45亿 元。 融资方面，东威科技当日融资买入4121.40万元。当前融资余额4.44亿元，占流通市值的3.84%，融资余 额超过近一年90%分位水平，处于高位。 机构持仓方面，截止2025年6 ...

AI 时代，寻"机"智能 —— 机械设备行业十五五专题报告 首席分析师：鲁佩 分析师：贾新龙 分析师：王霞举 研究助理：彭星嘉 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 行业深度报告 · 机械设备行业 AI 时代，寻"机"智能 —— 机械设备行业十五五专题报告 2025 年 09 月 28 日 核心观点 机械设备行业 推荐 维持评级 分析师 鲁佩 ：021-20257809 ：lupei_yj@chinastock.com.cn 分析师登记编码：S0130521060001 贾新龙 ：021-20257807 ：jiaxinlong_yj@chinastock.com.cn 分析师登记编码：S0130524070006 王霞举 ：021-68596817 ：wangxiaju_yj@chinastock.com.cn 分析师登记编码：S0130524070007 研究助理：彭星嘉 相对沪深 300 表现图 2025 年 09 月 26 日 资料来源：中国银河证券研究院 相关研究 1. 银河证券机械行业 2025 中期策略报告：持续看好 新质 ...

今年以来，消费电子行业逐步复苏，人工智能（AI）技术迅猛发展，共同推动高价值印刷电路板（PCB）产品需求增长，PCB市场整体呈现加速向好态 势。据Prismark预测，全年PCB行业全球产值将增长6.8%。 国内PCB产业在部分高端领域仍面临"卡脖子"问题，目前高端PCB设备国产化率不足30%，关键材料（如ABF膜）进口依赖度达65%，主要集中在高端封 装基板技术、超精密加工设备、特种材料体系等环节。 不过，整体自主可控能力正快速提升，国家将高性能PCB列为工业强基工程重点，研发费用加计扣除比例提至120%，珠三角设立200亿元产业升级基金 专项支持"卡脖子"技术攻关。当前，中国PCB产业已实现中低端产品100%自主可控，预计到2026年高端领域国产化率将提升至45%，头部企业毛利率达 35 – 40%，技术上正追赶日韩企业，到2028年除极少数特种材料外，PCB全产业链将基本实现自主可控。 一、具身智能机器人概述 PCB（PrintedCircuitBoard），又称印制线路板或印刷线路板，是现代电子设备的核心基础元件，有"电子产品之母"之称。PCB是现代电子设备的核心基 础元件，通过布线与绝缘材料组合，实 ...

内容概况：作为电子产品的基础元器件，PCB广泛应用于通信设备、工业控制、汽车电子、消费电子等 领域。近年来，得益于AI服务器、5G、云计算和汽车等下游需求的持续增长，PCB行业迎来了强劲复 苏，整体发展趋势向好。这种向好趋势进一步推动了PCB制造商对电镀设备的投资需求，为PCB电镀设 备行业带来了源源不断的市场动力。2024年，中国PCB电镀专用设备行业市场规模为31亿元，同比增长 11.71%。与此同时，随着电子产品向小型化、高性能化方向发展，PCB制造商致力于在减少PCB体积和 重量的同时，增加更多的功能组件。这些要求对PCB电镀设备的精度提出了更高的要求，从而推动了电 镀设备的升级和更换。 相关上市企业：东威科技（688700） 相关企业：广东雅洁五金有限公司、宝武钢铁集团有限公司、中国五矿集团有限公司、诺德新材料股份 有限公司、紫光展锐（上海）科技有限公司、广东鼎泰高科技术股份有限公司、株洲钻石切削刀具股份 有限公司、武汉锐科光纤激光技术股份有限公司、中国高速传动设备集团有限公司、鹏鼎控股（深圳） 股份有限公司、中兴通讯股份有限公司、小米科技有限责任公司 关键词：PCB电镀专用设备、PCB电镀专用设备 ...

中银证券新能源混合A（005571）基金经理为张丽新。 数据显示，中银证券旗下1只基金重仓东威科技。中银证券新能源混合A（005571）二季度减持3128 股，持有股数3.52万股，占基金净值比例为3.13%，位居第七大重仓股。根据测算，今日浮亏损失约 7.14万元。 中银证券新能源混合A（005571）成立日期2018年8月2日，最新规模2707.31万。今年以来收益 58.84%，同类排名748/8171；近一年收益98.5%，同类排名597/8004；成立以来收益101.52%。 9月26日，东威科技跌5.01%，截至发稿，报38.50元/股，成交2.63亿元，换手率2.24%，总市值114.88亿 元。 资料显示，昆山东威科技股份有限公司位于江苏省昆山市巴城镇东定路505号，成立日期2005年12月29 日，上市日期2021年6月15日，公司主营业务涉及主要从事高端精密电镀设备及其配套设备的研发、设 计、生产及销售,主要产品包括应用于PCB电镀领域的垂直连续电镀设备、水平式表面处理设备,以及应 用于通用五金领域的龙门式电镀设备、滚镀类设备。主营业务收入构成为：设备类及其他主营业务 99.39%，其他( ...

华夏上证科创板200ETF（588820）基金经理为华龙。 截至发稿，华龙累计任职时间3年37天，现任基金资产总规模429.26亿元，任职期间最佳基金回报 105.43%， 任职期间最差基金回报-15.08%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 9月26日，东威科技跌5.01%，截至发稿，报38.50元/股，成交2.63亿元，换手率2.24%，总市值114.88亿 元。 资料显示，昆山东威科技股份有限公司位于江苏省昆山市巴城镇东定路505号，成立日期2005年12月29 日，上市日期2021年6月15日，公司主营业务涉及主要从事高端精密电镀设备及其配套设备的研发、设 计、生产及销售,主要产品包括应用于PCB电镀领域的垂直连续电镀设备、水平式表面处理设备,以及应 用于通用五金领域的龙门式电镀设备、滚镀类设备。主营业务收入构成为：设备类及其他主营业务 99.39%，其他(补充)0.61%。 从基金十大重仓股角度 数据显示，华夏基金旗下1只基金 ...

Core Insights - The PCB (Printed Circuit Board) industry is experiencing growth driven by advancements in AI, high-speed computing, and new energy applications, leading to a trend towards higher layers, density, performance, and efficient transmission [1][4] Market Overview - The global PCB market is projected to grow steadily, with an estimated compound annual growth rate (CAGR) of 5.2% from 2024 to 2029, reaching a market value of approximately $94.66 billion by 2029 [3] - Rigid boards dominate the market, with multilayer boards expected to account for 38.05% of the global PCB market value in 2024, while single/double-sided boards will represent 10.80% [3] Product Segmentation - PCB can be categorized into rigid boards, flexible boards (FPC), and rigid-flex boards, with each type serving different applications based on their characteristics [2] - High-Density Interconnect (HDI) boards are becoming essential in consumer electronics and high-end computing, driven by the demand for miniaturization and high integration [2][3] Technological Trends - The development of AI is significantly reshaping PCB technology, with a focus on high-layer and high-level HDI as core directions for industry evolution [4] - The complexity of PCB production processes is increasing, particularly in exposure, drilling, plating, and hole formation, necessitating high-precision and efficient equipment [4] Investment Opportunities - Companies related to PCB equipment, such as Dazhong CNC, Chipbond Technology, Dingtai High-tech, Dongwei Technology, and Kaige Precision Machinery, are recommended for investment [5]

Investment Rating - The report maintains a "Positive" investment rating for the mechanical equipment industry [6]. Core Insights - The mechanical equipment industry experienced a year-on-year revenue growth of 7.64% in Q2 2025, with a narrowing growth rate compared to the previous quarter. Key segments with accelerated revenue growth include wind power equipment, PCB(A), shipbuilding, lithium battery equipment, and instruments [13][18]. - The industry saw a year-on-year increase in net profit excluding non-recurring items of 16.22% in Q2 2025, with wind power and lithium battery equipment showing accelerated growth. The shipbuilding sector led with a 106% year-on-year increase, although this was affected by a low base [18][31]. - The overall profitability of the mechanical equipment industry strengthened in Q2 2025, with notable performance in the shipbuilding, railway equipment, and oil and gas equipment sectors [31]. Summary by Sections Overall Mechanical Equipment Overview - The mechanical equipment industry reported a year-on-year revenue growth of 7.64% in Q2 2025, with revenue growth accelerating in specific segments [13]. - The net profit excluding non-recurring items grew by 16.22% year-on-year, with wind power and lithium battery equipment leading the growth [18]. - The industry’s net profit margin increased by 0.38 percentage points year-on-year in Q2 2025, indicating improved profitability across various segments [25]. Subsector Performance - The engineering machinery sector saw a revenue increase of 8.7% in H1 2025, driven by strong overseas sales and diversified business contributions [44]. - Major companies in the engineering machinery sector, such as SANY Heavy Industry and XCMG, reported significant revenue growth, with SANY achieving a 15% increase year-on-year in H1 2025 [41][44]. - The overall net profit for the engineering machinery sector reached 161 billion yuan in H1 2025, reflecting a 25.1% year-on-year increase, with profit growth outpacing revenue growth [45].

Group 1 - Dongwei Technology recently received new orders for bilateral clamping horizontal coating equipment and magnetron sputtering winding coating equipment [1] - These two types of equipment will be used for the production of HVLP5 copper foil, PI electronic copper foil, display copper foil, and shielding materials [1] - Since the beginning of this year, the total orders for bilateral clamping and magnetron sputtering equipment have exceeded 100 million yuan [1]

Group 1 - The core viewpoint of the news highlights that Hongcheng Investment has conducted research on Dongwei Technology, indicating a positive outlook for the company's growth and market position [1] - Dongwei Technology currently has no production capacity bottlenecks, with a high overall capacity utilization rate [1] - The average revenue recognition cycle for the company is between 6 to 9 months, with large orders potentially extending to 1 to 1.5 years [1] - The demand for high-end electroplating equipment is increasing due to the investment boom in Southeast Asia's PCB sector and the development of big data storage [1] - The overseas revenue proportion is expected to rise from less than 10% in the same period of 2024 to over 20% [1] - The company has secured procurement from five clients for its three-in-one electroplating equipment, with significant growth anticipated next year [1] - High-end PCBs are driving equipment upgrades, leading to an increase in the value of electroplating equipment, with a gross margin of approximately 40% [1] - The bilateral electroplating equipment can be used for producing HVLP copper foil and low-profile copper foil, offering advantages such as low temperature, low current, non-contact, and integrated electroplating, which can reduce production costs [1] - Although the company does not have direct customers for solid-state batteries, several clients are sending samples to solid-state battery companies [1]