北京市金杜律师事务所 关于北京屹唐半导体科技股份有限公司 2025 年第三次临时股东会 之法律意见书 致：北京屹唐半导体科技股份有限公司 北京市金杜律师事务所（以下简称本所）接受北京屹唐半导体科技股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会（以 下简称中国证监会）《上市公司股东会规则（2025 年修订）》（以下简称《股东会规 则》）等中华人民共和国境内（以下简称中国境内，为本法律意见书之目的，不包 括中国香港特别行政区、中国澳门特别行政区和中国台湾省）现行有效的法律、行 政法规、规章、规范性文件和《北京屹唐半导体科技股份有限公司章程》（以下简 称《公司章程》）有关规定，指派律师出席了公司于 2025 年 10 月 27 日召开的 2025 年第三次临时股东会（以下简称本次股东会），并就本次股东会相关事项出具本法 律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 在本法律意见书中，本所仅对本次股东会召集和召开的程序、出席本次股东会 人员资格和召集人资格及表决程序、表 ...

Core Viewpoint - Yitang Co., Ltd. has shown a positive stock performance with a year-to-date increase of 15.73% and a recent market capitalization of 79.36 billion yuan, indicating strong investor interest and potential growth in the semiconductor equipment sector [1][2]. Group 1: Stock Performance - As of October 24, Yitang's stock price increased by 2.09% to 26.85 yuan per share, with a trading volume of 30.08 million yuan and a turnover rate of 0.56% [1]. - The stock has experienced a 0.94% increase over the last five trading days, a 4.96% decrease over the last 20 days, and a 29.02% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on August 18, where it recorded a net purchase of 120 million yuan [1]. Group 2: Company Overview - Yitang Co., Ltd. was established on December 30, 2015, and is located in Beijing Economic and Technological Development Zone, focusing on the research, production, and sales of wafer processing equipment for integrated circuit manufacturing [2]. - The company's 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 [2]. - For the first half of 2025, Yitang achieved 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, reflecting a growth of 40.23% [2].

Group 1 - The core point of the article highlights the fundraising activities of companies listed on the STAR Market, with a total of 10 companies raising 16.736 billion yuan this year, averaging 1.674 billion yuan per company [1][2] - Xi'an Yicai leads in fundraising with 4.636 billion yuan, primarily for the second phase of its silicon industry base project [1] - He Yuan Bio follows with 2.599 billion yuan raised for the construction of a plant-based recombinant human serum albumin production base and other projects [1] Group 2 - The average initial offering price of STAR Market stocks this year is 20.76 yuan, with the highest being 47.27 yuan for Ying Shi Innovation [1][2] - The issuance price of Xi'an Yicai and Yitang shares is relatively low at 8.62 yuan and 8.45 yuan respectively [1] - The issued price-earnings ratios range from 6.14 to 51.55, with an average of 30.03 and a median of 26.35 [2] Group 3 - The majority of the newly issued STAR Market companies are concentrated in Jiangsu, Hubei, and Guangdong provinces, each with two companies [2] - The top fundraising regions are Shaanxi, Hubei, and Guangdong, with amounts of 4.636 billion yuan, 3.767 billion yuan, and 3.538 billion yuan respectively [2] - Two companies have issuance price-earnings ratios above the industry average, while five companies are below it [2]

Core Insights - The total amount raised by companies on the STAR Market this year has reached 15.136 billion yuan, with an average fundraising of 1.682 billion yuan per company [1][2] - The highest fundraising company is Xian Yicai, which raised 4.636 billion yuan, primarily for its silicon industry base project [1] - The average initial offering price for STAR Market stocks this year is 21.09 yuan, with the highest being 47.27 yuan for Ying Shi Innovation [1][2] Fundraising Overview - A total of 9 companies have issued new shares on the STAR Market this year, with 5 companies raising over 1 billion yuan and 3 companies raising between 500 million to 1 billion yuan [1] - The companies with significant fundraising include: - Xian Yicai: 4.636 billion yuan - He Yuan Biological: 2.599 billion yuan - Yi Tang Co.: 2.497 billion yuan - Ying Shi Innovation: 1.938 billion yuan - Xing Fu Electronics: 1.168 billion yuan [1] Pricing and Valuation - The average issuance price for STAR Market stocks is 21.09 yuan, with the highest price at 47.27 yuan for Ying Shi Innovation and the lowest at 8.45 yuan for Yi Tang Co. [1] - The issuance price-to-earnings (P/E) ratio ranges from 6.14 to 51.55, with an average of 30.03 and a median of 26.35 [2] - Yi Tang Co. has the highest P/E ratio at 51.55, while several companies have P/E ratios below the industry average [2] Regional Distribution - The majority of the companies issued this year are concentrated in Beijing, Jiangsu, and Hubei, with each region having 2 companies [2] - The top fundraising regions are Shaanxi, Hubei, and Beijing, with amounts of 4.636 billion yuan, 3.767 billion yuan, and 3.359 billion yuan respectively [2]

股票代码：688729 股票简称：屹唐股份 北京屹唐半导体科技股份有限公司 2025 年第三次临时股东会会议资料 2025 年 10 月 | 2025 年第三次临时股东会会议须知 | 1 | | --- | --- | | 2025 年第三次临时股东会会议议程 | 3 | | 2025 年第三次临时股东会会议议案 | 5 | | 议案一：关于变更公司注册资本、公司类型及修订《公司章程》并办理工商变更登记的议案.5 | | | 议案二：关于续聘 2025 年度审计机构的议案 7 | | 北京屹唐半导体科技股份有限公司 2025 年第三次临时股东会会议资料 北京屹唐半导体科技股份有限公司 2025 年第三次临时股东会会议资料 北京屹唐半导体科技股份有限公司 2025 年第三次临时股东会会议须知 为维护北京屹唐半导体科技股份有限公司（以下简称"公司"）全体股东的合 法权益，确保股东会的正常秩序和议事效率，保证本次会议的顺利进行，根据《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会规则》以及《北 京屹唐半导体科技股份有限公司章程》《北京屹唐半导体科技股份有限公司股东会 议事规则》等相关规定，特制定本 ...

Core Insights - The A-share IPO market in the first three quarters of 2025 shows a trend of "slight increase in quantity, significant increase in fundraising and market value" Group 1: IPO Market Overview - In Q3 2025, there were 27 A-share IPOs, raising approximately 399 billion yuan, a significant increase from 154 billion yuan raised by 25 IPOs in the same period last year [2][5] - The total number of IPOs in the first three quarters of 2025 reached 78, with a total fundraising amount of about 772.55 billion yuan, reflecting a year-on-year growth of 61.28% [5] - The total market value of the 27 IPO companies in Q3 2025 was 624.35 billion yuan, a 161.06% increase compared to 236.7 billion yuan for 25 IPOs in the same period last year [5][6] Group 2: High Market Value IPOs - There are 10 IPO companies with a market value exceeding 100 billion yuan, including three companies with market values over 700 billion yuan: Huadian New Energy (2,665.5 billion yuan), Yitang Co., Ltd. (879.87 billion yuan), and United Power (742.12 billion yuan) [6][7] - The presence of large-cap companies in the IPO market is a notable feature of Q3 2025, indicating a trend towards larger listings [5][7] Group 3: Regional Distribution and Industry Correlation - Major cities dominate the IPO landscape, with Shanghai leading with 4 IPOs, followed by Suzhou with 3 [7] - The choice of listing locations for large-cap companies is closely tied to regional industrial foundations, such as Yitang Co., Ltd. benefiting from the semiconductor industry cluster in Beijing Economic-Technological Development Area [8][10] - United Power's listing in Suzhou aligns with the city's comprehensive development in the new energy sector, which has seen a production value exceeding 750 billion yuan [9] Group 4: Government Support and Investment Strategies - The Beijing Economic-Technological Development Area government employs a unique approach to support new economy enterprises, including investment guiding funds and a focus on high-tech industries [11] - This investment strategy aims to enhance the efficiency of fiscal funds while leveraging social capital to amplify industrial support effects [11]

Core Viewpoint - On October 14, Yitang Co., Ltd. experienced a decline of 4.89% in stock price, with a trading volume of 411 million yuan, indicating a negative market sentiment towards the company [1]. Financing Summary - On the same day, Yitang Co., Ltd. had a financing buy-in amount of 27.58 million yuan and a financing repayment of 43.71 million yuan, resulting in a net financing outflow of 16.12 million yuan [1]. - As of October 14, the total financing and securities balance for Yitang Co., Ltd. was 493 million yuan, which represents 9.05% of its circulating market value [1]. Company Profile - Yitang Co., Ltd., established on December 30, 2015, is located in Beijing Economic and Technological Development Zone and specializes in the research, production, and sales of wafer processing equipment required for integrated circuit manufacturing [1]. - The company's main business revenue composition includes: 77.21% from the sale of specialized equipment, 20.28% from the sale of spare parts, 2.49% from service income, and 0.02% from licensing fees [1]. Financial Performance - For the first half of 2025, Yitang Co., Ltd. reported a revenue of 2.482 billion yuan, reflecting 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 compared to the previous year [2]. - As of July 8, the number of shareholders for Yitang Co., Ltd. reached 129,900, marking an increase of 381,855.88% from the previous period [2].

Summary of Key Points Core Viewpoint - In 2023, a total of 8 companies have issued new shares on the Sci-Tech Innovation Board, raising a cumulative amount of 10.5 billion yuan, with an average fundraising of 1.313 billion yuan per company [1][2]. Fundraising Overview - The fundraising amounts are categorized as follows: 4 companies raised over 1 billion yuan, 3 companies raised between 500 million yuan and 1 billion yuan, and 1 company raised less than 500 million yuan [1]. - The company with the highest fundraising is He Yuan Biological, which raised 2.599 billion yuan primarily for the construction of a plant-based recombinant human serum albumin industrialization base, working capital, and new drug research and development [1]. - Following He Yuan Biological, Yitang Co., Ltd. raised 2.497 billion yuan for technology reserve funds and semiconductor high-end integrated circuit equipment R&D projects [1]. Issuance Price and Valuation - The average issuance price of the newly listed Sci-Tech Innovation Board stocks is 22.64 yuan, with the highest being 47.27 yuan for Yingshi Innovation [2]. - The issuance price for He Yuan Biological and Sikan Technology is 29.06 yuan and 33.46 yuan, respectively, while Yitang Co., Ltd. has the lowest issuance price at 8.45 yuan [1][2]. Price-to-Earnings Ratio - The issued companies have a price-to-earnings (P/E) ratio ranging from 6.14 to 51.55, with an average of 30.03 and a median of 26.35 [2]. - Yitang Co., Ltd. has the highest P/E ratio at 51.55, while five companies, including Yingshi Innovation and Sikan Technology, have P/E ratios below the industry average [2]. Regional Distribution - The newly issued companies are primarily located in Beijing, Jiangsu, and Hubei, each having 2 companies [2]. - The regions with the highest fundraising amounts are Hubei (3.767 billion yuan), Beijing (3.359 billion yuan), and Guangdong (1.938 billion yuan) [2].

Group 1 - The core viewpoint of the news is that Yitang Co., Ltd. has shown a slight increase in stock price and trading volume, with notable financing activities indicating investor interest [1] - On October 13, Yitang Co., Ltd. experienced a stock price increase of 0.03% with a trading volume of 379 million yuan, and a net financing outflow of 2.11 million yuan [1] - As of October 13, the total margin trading balance for Yitang Co., Ltd. was 509 million yuan, accounting for 8.89% of its market capitalization [1] Group 2 - As of July 8, the number of shareholders for Yitang Co., Ltd. reached 129,900, reflecting a significant increase of 381,855.88% compared to the previous period [2] - For the first half of 2025, Yitang Co., Ltd. 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 involves the research, production, and sales of wafer processing equipment for integrated circuit manufacturing, with a revenue composition of 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 - The core point of the news is the issuance of new stocks in the market, highlighting the total fundraising amount and the distribution of new stock issuances across different sectors and regions [1][2][3] Group 2 - Marco Polo issued 11.94 million shares at a price of 13.75 yuan, raising a total of 1.643 billion yuan [1] - A total of 77 companies have gone public this year, raising a cumulative amount of 77.453 billion yuan, with an average fundraising of 1.006 billion yuan per company [1] - The distribution of fundraising amounts shows that 15 companies raised over 1 billion yuan, with one company exceeding 10 billion yuan, while 31 companies raised between 500 million to 1 billion yuan, and another 31 companies raised less than 500 million yuan [1] Group 3 - 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] - Other notable companies include Zhongce Rubber, which raised 4.066 billion yuan for working capital and tire production projects, and Tianyouwei, which raised 3.740 billion yuan [2] - The average initial public offering (IPO) price this year is 21.36 yuan, with four companies priced above 50 yuan, the highest being Tianyouwei at 93.50 yuan [2] Group 4 - The majority of new stock issuances are concentrated in Jiangsu, Guangdong, and Zhejiang, with 20, 15, and 13 companies respectively, while the top fundraising regions are Fujian, Jiangsu, and Guangdong [2]