Core Insights - On September 5, Yitang Co., Ltd. saw a stock price increase of 1.73% with a trading volume of 517 million yuan [1] - The company reported a financing buy-in amount of 53.37 million yuan and a financing repayment of 77.19 million yuan, resulting in a net financing outflow of 23.82 million yuan [1] - As of September 5, the total margin balance for Yitang Co., Ltd. was 559 million yuan, accounting for 10.13% of its market capitalization [1] Company Overview - Yitang Co., Ltd. is located in Beijing Economic and Technological Development Zone and was established on December 30, 2015, with a listing date set for July 8, 2025 [1] - The company specializes in the research, production, and sales of wafer processing equipment required in the integrated circuit manufacturing process, providing solutions to global semiconductor manufacturers [1] - The revenue composition of the company includes 77.21% from the sale of specialized equipment, 20.28% from spare parts sales, 2.49% from service income, and 0.02% from licensing fees [1] Financial Performance - As of July 8, the number of shareholders for Yitang Co., Ltd. reached 129,900, reflecting an increase of 381,855.88% compared to the previous period [2] - For the first half of 2025, the company achieved a revenue of 2.482 billion yuan, representing a year-on-year growth of 18.77% [2] - The net profit attributable to the parent company was 348 million yuan, showing a year-on-year increase of 40.23% [2]

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Yitang Co., indicating a positive trend in both stock price and financing activities [1][2] - On September 3, Yitang Co. saw a stock price increase of 0.56% with a trading volume of 645 million yuan, and a net financing purchase of 12.39 million yuan [1] - As of September 3, the total balance of margin trading for Yitang Co. reached 579 million yuan, accounting for 10% of its market capitalization [1] Group 2 - As of July 8, the number of shareholders for Yitang Co. increased to 129,900, reflecting a significant rise of 381,855.88% compared to the previous period [2] - For the first half of 2025, Yitang Co. reported a revenue of 2.482 billion yuan, representing a year-on-year growth of 18.77%, and a net profit attributable to shareholders of 348 million yuan, which is a 40.23% increase year-on-year [2] - The company's main business revenue composition includes 77.21% from specialized equipment sales, 20.28% from spare parts sales, 2.49% from service income, and 0.02% from licensing fees [1]

Group 1 - A new stock, Aifenda, issued 21.67 million shares at a price of 27.69 yuan, raising 600 million yuan [1] - As of September 1, 2023, 65 companies have completed initial public offerings (IPOs) this year, raising a total of 64.461 billion yuan, with an average fundraising of 999.2 million yuan per company [1] - Among the IPOs, 11 companies raised over 1 billion yuan, with one company exceeding 10 billion yuan, while 28 companies raised between 500 million and 1 billion yuan, and 26 companies raised less than 500 million yuan [1] Group 2 - Huadian New Energy is the company with the highest fundraising this year, raising 18.171 billion yuan primarily for wind and solar power projects [2] - Zhongce Rubber follows with 4.066 billion yuan raised, mainly for working capital and green digital factory projects [2] - Other notable fundraisers include Tianyouwei, Yitang Co., and Yingshi Innovation, raising 3.740 billion yuan, 2.497 billion yuan, and 1.938 billion yuan respectively [2] Group 3 - The average IPO price this year is 21.94 yuan, with four companies pricing above 50 yuan, the highest being Tianyouwei at 93.50 yuan [2] - The lowest IPO prices include Huadian New Energy at 3.18 yuan and Tiangong Co. at 3.94 yuan [2] - Geographically, most IPOs are concentrated in Jiangsu, Guangdong, and Zhejiang, with fundraising amounts led by Fujian, Zhejiang, and Jiangsu at 18.171 billion yuan, 10.174 billion yuan, and 8.829 billion yuan respectively [2]

Summary of Key Points Core Viewpoint - In the first eight months of 2025, a total of 67 new companies were listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, and Beijing Stock Exchange, raising a total of 65.38 billion yuan [1]. Group 1: Listing Overview - 23 companies were listed on the main board, 24 on the ChiNext, 8 on the Sci-Tech Innovation Board, and 12 on the Beijing Stock Exchange [1]. - The listed companies are distributed across 16 provinces, municipalities, and autonomous regions, with Jiangsu having the highest number at 17 companies [1][2]. Group 2: Fundraising by Province - Jiangsu Province: 17 companies raised a total of 8.07 billion yuan [2]. - Guangdong Province: 13 companies raised a total of 9.30 billion yuan [2]. - Zhejiang Province: 12 companies raised a total of 10.17 billion yuan [2]. - Anhui Province: 5 companies raised a total of 3.15 billion yuan [3]. Group 3: Top Fundraising Companies - The top five companies by fundraising amount are: - Huadian New Energy: 18.17 billion yuan [1]. - Zhongce Rubber: 4.07 billion yuan [1]. - Tianyouwei: 3.74 billion yuan [1]. - Yitang Co., Ltd.: 2.50 billion yuan [1]. - Yingshi Innovation: 1.94 billion yuan [1].

Core Viewpoint - Beijing E-Town Semiconductor Technology Co., Ltd. (屹唐股份) reported significant growth in revenue and net profit for the first half of 2025, driven by strong demand in the semiconductor industry and advancements in its product offerings [12][11]. Company Overview - The company focuses on the research, development, production, and sales of integrated circuit manufacturing equipment, including dry stripping, rapid thermal processing, dry etching, and plasma surface treatment equipment [6][8]. - The company has established a strong international presence with R&D and manufacturing bases in China, the United States, and Germany, serving global customers [11][12]. Financial Performance - For the first half of 2025, the company achieved revenue of approximately 2.48 billion yuan, an increase of 18.77% compared to the same period last year [12]. - The net profit attributable to shareholders reached approximately 347.8 million yuan, reflecting a year-on-year growth of 40.23% [12]. - The net profit after deducting non-recurring gains was approximately 254.4 million yuan, up 16.66% year-on-year [12]. Industry Context - The semiconductor industry is a critical component of modern electronic information society, with its technology level and scale being key indicators of a country's comprehensive strength and industrial competitiveness [11]. - The global semiconductor market is projected to reach $626 billion in 2024, with an expected growth of 18.1% compared to 2023, and is anticipated to reach $705 billion in 2025 [11]. - The semiconductor equipment market is also expected to grow, with a forecasted increase of 10% in 2024, reaching $117 billion, and a further 7.4% growth in 2025 [11]. Product Development - The company has developed a competitive product line that includes advanced dry stripping equipment, rapid thermal processing equipment, and dry etching equipment, which are already in use by several leading global semiconductor manufacturers [11][12]. - New product developments include the Optima series of dry stripping equipment and the RENA-E series of dry etching equipment, both of which have received positive customer feedback and repeat orders [13][14]. R&D and Innovation - The company emphasizes autonomous R&D and innovation, aligning its development with international technology trends and customer needs [12][11]. - A significant portion of revenue is reinvested into R&D, with the R&D expenditure accounting for 14.78% of revenue [12].

北京屹唐半导体科技股份有限公司2025 年半年度报告摘要 公司代码：688729 公司简称：屹唐股份 北京屹唐半导体科技股份有限公司 北京屹唐半导体科技股份有限公司2025 年半年度报告摘要 第一节 重要提示 完整性，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。 无 □适用 √不适用 第二节 公司基本情况 公司股票简况 公司股票简况 股票种类 股票上市交易所 股票简称 股票代码 变更前股票简称 上海证券交易所科 A股 屹唐股份 688729 不适用 创板 公司存托凭证简况 □适用 √不适用 联系人和联系方式 董事会秘书 联系人和联系方式 证券事务代表 （信息披露境内代表） 姓名 单一 阎美芝 电话 010-87842689 010-87842689 办公地址 北京市北京经济技术开发区瑞 北京市北京经济技术开发区瑞 北京屹唐半导体科技股份有限公司2025 年半年度报告摘要 合西二路9号 合西二路9号 电子信箱 ir@bestsemi.com ir@bestsemi.com 单位：元 币种：人民币 本报告期末比上年度末 本报告期末 上年度末 增减(%) 总资产 10,316,622,848. ...

（编辑 何成浩） 证券日报网讯 8月28日晚间，屹唐股份发布公告称，2025年半年度公司实现营业收入2，481，979， 013.65元，同比增长18.77%；归属于上市公司股东的净利润为347，796，376.66元，同比增长40.23%。 ...

格隆汇8月28日丨屹唐股份(688729.SH)发布中报，2025上半年实现营业总收入24.82亿元，同比增长 18.77%；归属母公司股东净利润3.48亿元，同比增长40.23%；基本每股收益为0.13元。 ...

[Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This report confirms the truthfulness and completeness of the semi-annual report, highlights operational risks, and states no profit distribution plan or audit for the period - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content, assuming legal responsibility[3](index=3&type=chunk) - The company has detailed operational risks, as elaborated in Section III 'Management Discussion and Analysis', 'IV. Risk Factors', reminding investors of investment risks[3](index=3&type=chunk) - This semi-annual report is unaudited[7](index=7&type=chunk) - No profit distribution plan or capital reserve conversion plan for the reporting period[5](index=5&type=chunk) [Section I Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines common terms related to the company, related parties, industry, and key technologies for clear report understanding - Unless otherwise specified, this report provides detailed definitions for common terms related to the company, related parties, and industry terminology[11](index=11&type=chunk)[12](index=12&type=chunk)[13](index=13&type=chunk) [Section II Company Profile and Key Financial Indicators](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides the company's basic information, contact details, stock overview, key financial data, and explanations for significant financial changes [I. Company Basic Information](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section provides the company's basic information including names, legal representative, addresses, website, and email Company Basic Information | Indicator | Content | | :--- | :--- | | Chinese Name | 北京屹唐半导体科技股份有限公司 | | Chinese Abbreviation | 屹唐股份 | | English Name | E-Town Semiconductor Technology Co., Ltd. | | Legal Representative | 张文冬 | | Registered Address | 北京市北京经济技术开发区瑞合西二路9号 | | Office Address | 北京市北京经济技术开发区瑞合西二路9号 | | Company Website | www.bestsemi.com | | Email | ir@bestsemi.com | [II. Contact Person and Information](index=7&type=section&id=%E4%BA%8C%E3%80%81%E8%81%94%E7%B3%BB%E4%BA%BA%E5%92%8C%E8%81%94%E7%B3%BB%E6%96%B9%E5%BC%8F) This section provides contact details for the Board Secretary and Securities Affairs Representative, including names, addresses, phone, fax, and email Contact Person and Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | 单一 | 北京市北京经济技术开发区瑞合西二路9号 | 010-87842689 | 010-67854899 | ir@bestsemi.com | | Securities Affairs Representative | 阎美芝 | 北京市北京经济技术开发区瑞合西二路9号 | 010-87842689 | 010-67854899 | ir@bestsemi.com | [III. Information Disclosure and Document Custody Location Changes](index=7&type=section&id=%E4%B8%89%E3%80%81%E4%BF%A1%E6%81%AF%E6%8A%AB%E9%9C%B2%E5%8F%8A%E5%A4%87%E7%BD%AE%E5%9C%B0%E7%82%B9%E5%8F%98%E6%9B%B4%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) This section specifies the company's chosen information disclosure newspapers, website for the semi-annual report, and its physical storage location Information Disclosure and Document Custody Location | Item | Content | | :--- | :--- | | Information Disclosure Newspapers | 《中国证券报》、《上海证券报》、《证券时报》、《证券日报》、《经济参考报》 | | Website for Publication | www.sse.com.cn | | Report Custody Location | 北京市北京经济技术开发区瑞合西二路9号 | [IV. Company Stock/Depositary Receipt Overview](index=7&type=section&id=%E5%9B%9B%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E7%A5%A8%2F%E5%AD%98%E6%89%98%E5%87%AD%E8%AF%81%E7%AE%80%E5%86%B5) This section provides information on the company's A-share stock, including its listing exchange, stock abbreviation, and code Company Stock Overview | Stock Type | Listing Exchange and Board | Stock Abbreviation | Stock Code | Former Stock Abbreviation | | :--- | :--- | :--- | :--- | :--- | | A-share | Shanghai Stock Exchange STAR Market | 屹唐股份 | 688729 | N/A | [VI. Key Accounting Data and Financial Indicators](index=7&type=section&id=%E5%85%AD%E3%80%81%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2025, the company's operating revenue grew **18.77% to RMB 2.482 billion**, and net profit attributable to shareholders increased **40.23% to RMB 348 million**, driven by market expansion and government subsidies; net cash flow from operating activities decreased **214.09% to negative RMB 520 million** due to inventory reserves Key Accounting Data (January-June 2025) | Indicator | Current Period (Jan-Jun) (RMB) | Prior Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,481,979,013.65 | 2,089,808,383.90 | 18.77 | | Total Profit | 312,518,262.34 | 233,061,423.74 | 34.09 | | Net Profit Attributable to Shareholders of Listed Company | 347,796,376.66 | 248,012,802.59 | 40.23 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | 254,435,467.28 | 218,096,096.29 | 16.66 | | Net Cash Flow from Operating Activities | -520,447,542.55 | 456,182,805.11 | -214.09 | | Net Assets Attributable to Shareholders of Listed Company (Period-End) | 6,302,085,924.64 | 5,914,723,200.11 | 6.55 | | Total Assets (Period-End) | 10,316,622,848.60 | 9,952,915,308.70 | 3.65 | Key Financial Indicators (January-June 2025) | Indicator | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic EPS (RMB/share) | 0.13 | 0.09 | 44.44 | | Diluted EPS (RMB/share) | 0.13 | 0.09 | 44.44 | | Basic EPS (Excluding Non-Recurring Items, RMB/share) | 0.10 | 0.08 | 25.00 | | Weighted Average ROE (%) | 5.69 | 4.54 | increase of 1.15 percentage points | | Weighted Average ROE (Excluding Non-Recurring Items, %) | 4.17 | 3.99 | increase of 0.18 percentage points | | R&D Investment as % of Operating Revenue | 14.78 | 16.44 | decrease of 1.66 percentage points | - From January to June 2025, the company's revenue grew by **18.77% to RMB 2.482 billion**, primarily due to core technological advantages and market share expansion[23](index=23&type=chunk) - The company's net profit increased by **40.23% to RMB 348 million**, driven by revenue growth and **RMB 86.06 million** in government subsidies[23](index=23&type=chunk) - Net cash flow from operating activities was **negative RMB

Core Viewpoint - The recent surge in "hard technology" stocks, particularly in the semiconductor industry, has led to significant market interest, with key players like SMIC and Cambricon seeing substantial stock price increases, indicating a bullish sentiment in the sector [1][4]. Semiconductor Industry - A list of leading stocks in the semiconductor supply chain, including SMIC, Cambricon, and others, has sparked market discussions [1]. - SMIC's stock rose by 13.17%, reaching a historical high, while Cambricon increased by 7.13%, also hitting a new peak [1][4]. - The semiconductor sector's overall performance is reflected in the 1.80% increase in the semiconductor index [5]. Market Performance - The Shanghai Composite Index rose by 0.07%, the Shenzhen Component increased by 0.56%, and the ChiNext Index saw a 1.26% rise [3]. - Technology stocks are leading the market, with significant gains in sectors like photolithography machines and storage chips [4]. Investment Opportunities - Analysts highlight that the demand for domestic AI chips and the trend towards localizing chip production are expected to drive SMIC's performance beyond expectations [6]. - Cambricon is projected to experience substantial revenue growth and high profit margins by mid-2025, supported by a stable supply chain [6]. Catalysts for Growth - Recent favorable policies, such as the State Council's "Artificial Intelligence+" initiative, and the rising global demand for AI computing power are key drivers for the semiconductor market [7]. - The domestic AI computing sector is anticipated to gain market share, with a positive outlook for the semiconductor cycle due to innovations in AI applications [7]. Financial Sector Performance - The financial sector, including securities, banking, and insurance, has shown active performance, with notable gains in various stocks [9][10]. - The non-bank financial sector is viewed as having a low average valuation, providing a safety margin, and is expected to benefit from economic recovery [10].