昆山东威科技股份有限公司（以下简称"公司"）于 2025 年 10 月 22 日召 开第三董事会第三次会议，审议通过了《关于董事会战略委员会更名为董事会战 略与 ESG 委员会并修订相关议事规则的议案》，现将具体情况公告如下： 为提升公司环境、社会及公司治理（ESG）管理水平，增强公司可持续发展 能力，经研究并结合公司实际情况，将董事会下设的"董事会战略委员会"更名 为"董事会战略与 ESG 委员会"，并将原《昆山东威科技股份有限公司董事会 战略委员会议事规则》更名为《昆山东威科技股份有限公司董事会战略与 ESG 委员会议事规则》，在公司董事会战略委员会原有职责基础上增加可持续发展管 理相关职责等内容。同时，根据《上市公司治理准则》《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指引第 1 号——规 范运作》等最新法律、法规、规范性文件的有关规定和要求，对相关议事规则条 款进行修订。具体内容详见公司在上海证券交易所网 站（www.sse.com.cn）披 露的《昆山东威科技股份有限公司董事会战略与 ESG 委员会议事规则》。 本次调整仅就董事会战略委员会名称、职责进行调整，其成员数 ...

证券代码：688700 证券简称：东威科技 公告编号：2025-041 昆山东威科技股份有限公司 第三届董事会第三次会议决议公告 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、准确性和完整性承担法律责任。 一、董事会会议召开情况 昆山东威科技股份有限公司（以下简称"东威科技"或"公司"）第三届董 事会第三次会议通知于 2025 年 10 月 11 日送达全体董事，于 2025 年 10 月 22 日以现场与通讯表决方式召开，由公司董事长刘建波主持，会议应参加表决董事 11 人，实际参加表决董事 11 人。本次会议的召集、召开符合《中华人民共和国 公司法》等法律、法规和《昆山东威科技股份有限公司章程》（以下简称"《公 司章程》"）的有关规定，会议决议合法有效。 二、董事会会议审议情况 经与会董事审议，做出如下决议： 1、审议通过《关于公司<2025 年第三季度报告>的议案》 公司 2025 年第三季度报告的编制和审议程序符合相关法律法规、《公司章 程》及中国证监会和上海证券交易所的规定；公司 2025 年第三季度报告内容真 实、准确、完整地反映了公司 20 ...

证券代码：688700 证券简称：东威科技 昆山东威科技股份有限公司 2025 年第三季度报告 昆山东威科技股份有限公司 2025 年第三季度报告 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： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 313,566,117.79 | 67.20 | 756,94 ...

（文章来源：每日经济新闻） 每经AI快讯，10月23日，东威科技(688700.SH)公告称，公司前三季度实现营业收入7.57亿元，同比增长 30.58%，归属于上市公司股东的净利润为8536.73万元，同比增长24.8%。 ...

格隆汇10月23日丨东威科技(688700.SH)公布，公司前三季度实现营业收入7.57亿元，同比增长 30.58%；归属于上市公司股东的净利润8536.73万元，同比增长24.80%；归属于上市公司股东的扣除非 经常性损益的净利润8155.32万元，同比增长38.10%；基本每股收益0.29元。 ...

Core Insights - The company reported a third-quarter revenue of 314 million yuan, representing a year-on-year increase of 67.20% [1] - The net profit for the third quarter was 42.86 million yuan, showing a significant year-on-year growth of 236.93% [1] - For the first three quarters, the total revenue reached 757 million yuan, which is a year-on-year increase of 30.58% [1] - The net profit for the first three quarters amounted to 85.37 million yuan, reflecting a year-on-year growth of 24.80% [1]

Group 1 - The core point of the news is that Dongwei Technology's stock price dropped by 5.29% to 34.20 CNY per share, with a trading volume of 196 million CNY and a turnover rate of 1.87%, resulting in a total market capitalization of 10.205 billion CNY [1] - Dongwei Technology, established on December 29, 2005, and listed on June 15, 2021, specializes in the research, design, production, and sales of high-end precision electroplating equipment and related devices [1] - The company's main business revenue composition is 99.39% from equipment and other main businesses, while supplementary revenue accounts for 0.61% [1] Group 2 - Among the top ten circulating shareholders of Dongwei Technology, a fund under China Europe Fund holds a significant position, specifically the China Europe Alpha Mixed A fund, which reduced its holdings by 739,100 shares in the second quarter [2] - As of the latest data, the China Europe Alpha Mixed A fund has a total scale of 3.246 billion CNY and has achieved a year-to-date return of 22.65%, ranking 3978 out of 8160 in its category [2] - The fund manager, Peng Wei, has been in the position for 8 years and 76 days, with the fund's total asset scale at 5.208 billion CNY and a best return of 113.84% during his tenure [3]

Core Viewpoint - Dongwei Technology (688700) is experiencing significant growth in core equipment order revenue due to rapid developments in AI servers, data centers, high-end communication equipment, and cloud storage, leading to increased market attention as the company approaches a performance inflection point [2] Group 1: Company Overview - Dongwei Technology is the only pure precision electroplating equipment and technology service company listed on the Sci-Tech Innovation Board in China, and it is the first company in Jiangsu Province to issue GDRs and list on the Swiss Exchange [3] - The company has established a strong technological moat through continuous R&D, with its vertical continuous electroplating (VCP) equipment holding over 50% market share in China [3] - Dongwei Technology has successfully extended its technological advantages into the horizontal wet process field, achieving breakthroughs in high-end PCB markets [3][4] Group 2: Business Performance - The PCB business is experiencing a new round of high growth, driven by high-end and global market demands, with orders expected to exceed historical peaks in 2024 [5] - In the first half of 2025, the order amount for VCP equipment increased by over 100% year-on-year, contributing to a 49.93% quarter-on-quarter net profit growth in Q2 [5][6] - The company has secured significant orders from Taiwanese clients for pulse VCP equipment, indicating strong demand for AI server components [5][6] Group 3: Technological Innovations - Dongwei Technology is the only company globally to achieve large-scale production of composite copper foil electroplating equipment and is actively developing cutting-edge technologies in composite aluminum foil and photovoltaic copper electroplating [4] - The company has introduced innovative equipment such as the double-sided clamping horizontal film material electroplating equipment, which has received over 20 customer orders, marking a significant milestone in the new energy sector [8][9] Group 4: Market Expansion - The company is accelerating its globalization efforts, with overseas revenue increasing from less than 10% to over 20% in the first half of 2025, primarily from Southeast Asia and the EU [6][7] - The demand for high-end electronic materials is growing due to rapid developments in 5G, AI, and new energy sectors, providing new growth opportunities for the company [8]

Core Insights - Dongwei Technology experienced a stock decline of 1.22% on October 9, with a trading volume of 282 million yuan. The company had a net financing purchase of 14.57 million yuan on the same day, indicating strong investor interest despite the stock drop [1] Financing Overview - On October 9, Dongwei Technology had a financing buy amount of 41.21 million yuan, with a total financing balance of 444 million yuan, representing 3.84% of its market capitalization. This financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1] - The company had no short selling activity on October 9, with a short selling balance of 54.80 thousand yuan, which is below the 10th percentile of the past year, suggesting low short interest [1] Company Profile - Dongwei Technology, established on December 29, 2005, and listed on June 15, 2021, is located in Kunshan, Jiangsu Province. The company specializes in the research, design, production, and sales of high-end precision electroplating equipment, primarily serving the PCB electroplating sector [1] - The company's main business revenue composition is 99.39% from equipment and other main businesses, with only 0.61% from supplementary sources [1] Financial Performance - For the first half of 2025, Dongwei Technology reported a revenue of 443 million yuan, reflecting a year-on-year growth of 13.07%. However, the net profit attributable to shareholders decreased by 23.66% to 42.50 million yuan [2] - As of June 30, 2025, the number of shareholders decreased by 4.32% to 8,040, while the average circulating shares per person increased by 4.51% to 37,114 shares [2] Dividend Information - Since its A-share listing, Dongwei Technology has distributed a total of 240 million yuan in dividends, with 152 million yuan distributed over the past three years [3] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, the China Europe Alpha Mixed A Fund (009776) held 3.94 million shares, a decrease of 739,100 shares compared to the previous period [3]

Investment Rating - The report maintains a "Recommended" investment rating for the mechanical equipment industry [3] Core Viewpoints - The mechanical equipment industry is entering the "AI Era," which will create significant investment opportunities centered around AI infrastructure and AI empowerment [4][15] - The report highlights the historical performance of the mechanical equipment sector during previous five-year plans, indicating that each era has distinct characteristics that influence investment opportunities [6][10] Summary by Sections 1. Review of Five-Year Plans - The mechanical equipment industry has shown varying performance across the past four five-year plans, with significant growth during the Eleventh Five-Year Plan (642% increase) and a decline during the Thirteenth Five-Year Plan (-21% decrease) [6][7] - The industry ranked second among 28 sectors during the Eleventh Five-Year Plan and seventh during the Fourteenth Five-Year Plan, reflecting its evolving significance [7][8] 2. AI Infrastructure: Driving Demand for PCB Equipment, AIDC, Liquid Cooling, and Semiconductor Equipment - The AI computing revolution is expected to drive structural growth in PCB demand, with a projected annual growth rate of 16.3% for AI server-related HDI from 2023 to 2028 [19] - The report anticipates that the global PCB market will reach $73.565 billion in 2024, with a 5.8% year-on-year increase, and $94.661 billion by 2029 [19] - AI servers significantly increase the unit value of PCBs, with a single AI server PCB valued at $500-$800, compared to $200-$300 for traditional servers [20] - The report identifies challenges in capacity expansion, including long delivery times for high-end equipment and complex process validations [21] 3. AI Empowerment: The Rise of Embodied Intelligent Robots - The report discusses the practical applications of embodied intelligent robots in industrial logistics, elderly care, and specialized environments, emphasizing their potential to improve efficiency and safety [4][15] - It highlights the importance of technical feasibility and cost-effectiveness in the deployment of these robots [4] 4. Investment Recommendations - The report suggests focusing on AI infrastructure and AI empowerment as key investment directions for the mechanical equipment industry during the Fifteenth Five-Year Plan [4][15] - Specific recommendations include AI PCB equipment, AIDC power generation equipment, liquid cooling solutions, and semiconductor equipment [4][15] 5. Related Listed Companies - The report provides insights into key companies in the PCB equipment sector, such as Dazhu CNC, Chipbond Technology, and Dongwei Technology, highlighting their market performance and technological advancements [40][41]