Core Viewpoint - Xi'an Yichai (688783.SH) is expected to report a net loss attributable to shareholders of approximately -738 million yuan for the fiscal year 2025, which is roughly in line with the previous year [1] Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be around -809 million yuan, representing an increase in loss of approximately 46.45 million yuan, or about 6.09% year-on-year [1] Market Environment - Despite a clear recovery trend in the semiconductor industry, there is a lag in the transmission of downstream customer demand to the semiconductor wafer segment [1] - The company's second factory is currently in the capacity ramp-up phase, and the product structure is continuously being optimized [1] Cost and R&D Factors - Due to incomplete capacity release, the scale effect has not yet fully materialized, and fixed costs such as depreciation of fixed assets have not been effectively diluted [1] - The company maintains a high level of R&D investment to ensure core competitiveness, which, along with other factors, has contributed to the ongoing performance losses during the reporting period [1] Cash Flow and Future Outlook - The company has maintained positive operating cash flow, indicating good sustainable operational capability [1] - As the semiconductor wafer market continues to recover, combined with the optimization of the company's product structure and the further realization of scale effects, the company's profitability is expected to improve, laying a solid foundation for long-term stable development [1]

Core Viewpoint - Xi'an Yichai (688783.SH) is expected to report a net loss attributable to shareholders of approximately -738 million yuan for the year 2025, which is roughly in line with the previous year [1] Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be around -809 million yuan, representing an increase in loss of approximately 46.45 million yuan, or about 6.09% year-on-year [1] Market Environment - Despite a clear recovery trend in the semiconductor industry, there is a lag in the transmission of downstream customer demand to the semiconductor wafer segment [1] - The company's second factory is currently in the capacity ramp-up phase, and the product structure is continuously being optimized [1] Cost and R&D - Due to the incomplete release of production capacity, the scale effect has not yet fully materialized, and fixed costs such as depreciation of fixed assets have not been effectively diluted [1] - The company maintains a high level of R&D investment to ensure core competitiveness, which, along with other factors, has contributed to the ongoing performance losses during the reporting period [1] Cash Flow and Future Outlook - The company has maintained positive operating cash flow, indicating good sustainable operational capability [1] - As the semiconductor wafer market continues to recover, combined with the optimization of the company's product structure and the further realization of scale effects, the company's profitability is expected to improve continuously, laying a solid foundation for long-term stable development [1]

Core Viewpoint - Xi'an Yichai announced on January 20 that it expects to achieve an operating revenue of approximately 2.65 billion yuan in 2025, representing a year-on-year increase of about 24.91%. However, the net profit attributable to the parent company is projected to be a loss of approximately -738 million yuan, which is roughly in line with the same period last year [1]. Financial Performance - The expected operating revenue for 2025 is about 2.65 billion yuan, indicating a growth of approximately 24.91% compared to the previous year [1]. - The net profit attributable to the parent company is forecasted to be around -738 million yuan, showing no significant change compared to the same period last year [1].

Core Viewpoint - Xi'an Yicai (688783.SH) forecasts a net profit attributable to shareholders of approximately -738 million yuan for the fiscal year 2025, remaining roughly flat compared to the previous year [1] Group 1: Financial Performance - The company anticipates a year-on-year increase in operating revenue of approximately 24.91% during the reporting period [1] - Despite the revenue growth, the company is still in a loss position due to high fixed costs and ongoing significant R&D investments [1] Group 2: Operational Challenges - The second factory is currently in the capacity ramp-up phase, and the scale effects have not yet materialized [1]

证券代码：688783 证券简称：西安奕材 公告编号：2026-001 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 本期业绩预告适用类型：净利润为负值。 西安奕斯伟材料科技股份有限公司 2025年年度业绩预告 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。 一、本期业绩预告情况 （一）业绩预告期间 三、本期业绩变化的主要原因 经西安奕斯伟材料科技股份有限公司（以下简称"公司"）财务部门初步测 算，公司 2025 年年度业绩预告如下： 1、预计 2025 年年度实现营业收入约 265,000.00 万元，与上年同期相比将 增加约 52,854.74 万元，同比增加约 24.91%。 2、预计 2025 年年度实现归属于母公司所有者的净利润将出现亏损，实现归 属于母公司所有者的净利润约-73,800.00 万元，与上年同期相比基本持平。 3、预计归属于母公司所有者扣除非经常性损益后的净利润约-80,900.00 万 元，与上年同期相比，亏损将扩大约 4,644.91 万元，同比扩大约 ...

Group 1 - The establishment of Xi'an Xigao Investment Yihui Investment Fund Partnership (Limited Partnership) has been announced, with a total investment amount of approximately 300 million RMB [1] - The fund is managed by Xi'an High-tech Industry Venture Capital Co., Ltd., focusing on private equity investment fund management and venture capital fund management services [1] - Partners in the fund include Xi'an Yicai, Xi'an Innovation Investment Fund Partnership (Limited Partnership), Xi'an High-tech Zone Co-creation Future Investment Partnership (Limited Partnership), and Xi'an High-tech Industry Venture Capital Co., Ltd. [1]

天眼查工商信息显示，近日，西安西高投益慧投资基金合伙企业(有限合伙)成立，执行事务合伙人为西 安高新技术产业风险投资有限责任公司，出资额约3亿人民币，经营范围为私募股权投资基金管理、创 业投资基金管理服务，以私募基金从事股权投资、投资管理、资产管理等活动。合伙人信息显示，该基 金由西安奕材(688783)、西安市创新投资基金合伙企业(有限合伙)、西安市高新区合创未来投资合伙企 业(有限合伙)、西安高新技术产业风险投资有限责任公司共同出资。 ...

Group 1 - SMIC (688981) is the largest and most advanced wafer foundry in mainland China, mastering 14nm FinFET technology and maintaining the highest capacity in 28nm mature process domestically, providing foundry services for storage chips [1][40] - The company has received multiple rounds of funding from the National Integrated Circuit Industry Investment Fund, playing a key role in breaking overseas dependence in the domestic storage chip manufacturing sector [1][41] - SMIC also participates in setting multiple industry standards in the domestic semiconductor manufacturing field, consolidating its core voice in the industry chain [1][41] Group 2 - North Huachuang (002371) is a leading semiconductor equipment company in Beijing, providing a full range of equipment for storage chip manufacturing, including etching machines and cleaning machines [2][40] - The company has successfully entered the supply chains of domestic storage manufacturers like Yangtze Memory Technologies and Changxin Memory Technologies, breaking the monopoly of foreign manufacturers [2][41] - With the accelerated expansion of domestic storage chip capacity, North Huachuang's equipment orders continue to grow, and it is establishing new production bases in Tianjin and Yixing [2][41] Group 3 - Hua Hong Semiconductor (688347) focuses on specialty process wafer foundry and is a key player in the domestic storage chip sector, specializing in mature processes like 90nm and 55nm [3][40] - The company provides stable foundry services for domestic storage chip design companies and is expanding its specialty process production lines with support from the National Integrated Circuit Industry Investment Fund [3][41] - Hua Hong has also achieved IATF16949 certification for automotive-grade storage chip processes, enhancing its capabilities in the automotive sector [3][41] Group 4 - Zhongwei (688012) is a global leader in semiconductor etching equipment, with its 5nm etching equipment already in commercial application [4][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants like TSMC and Micron [4][41] - Zhongwei's R&D team comprises over 70% of its workforce, and it holds more than a thousand patents, continuously increasing its market share in the etching equipment sector [4][41] Group 5 - Zhaoyi Innovation (603986) is a leading domestic NOR Flash company, ranking among the top three globally, and is one of the few domestic companies involved in DRAM chip design [5][40] - The company has achieved mass production of 19nm DRAM chips, filling a technology gap in the domestic market, and has established deep cooperation with Changxin Memory Technologies [5][41] - Zhaoyi Innovation has received support from the National Integrated Circuit Industry Investment Fund, focusing its R&D investments on high-end storage chips [5][41] Group 6 - Shengyi Technology (600183) is a leading domestic copper-clad laminate manufacturer, playing a crucial role in the localization of basic materials for the storage chip industry [6][40] - The company has entered the supply chains of major domestic storage packaging companies and provides raw materials to international giants like Samsung and SK Hynix [6][41] - Shengyi is expanding its production capacity in Shaanxi and Jiangsu, with its performance steadily growing alongside the increasing demand for domestic storage chips [6][41] Group 7 - Lanke Technology (688008) is a global leader in memory interface chips, with a market share exceeding 40% for DDR4/DDR5 memory interface chips [7][40] - The company has developed solutions for DDR5 memory interfaces in collaboration with Changxin Memory Technologies, promoting the commercialization of domestic storage modules [7][41] - Lanke's R&D investments focus on cutting-edge fields, extending its product layout into storage control chips [7][41] Group 8 - Shennan Circuits (002916) is a leading domestic printed circuit board manufacturer, focusing on high-end PCB and packaging substrate manufacturing [8][40] - The company has developed storage packaging substrates that meet high reliability and density requirements, entering the supply chains of major domestic storage manufacturers [8][41] - Shennan is also expanding its high-end packaging substrate production lines in Wuxi to further meet the needs of the storage industry [8][41] Group 9 - Jiangbolong (301308) is a leading domestic storage module company, focusing on promoting the application of domestic storage chips in various fields [9][40] - The company has established deep cooperation with domestic storage chip manufacturers and has launched products equipped with domestic storage chips [9][41] - Jiangbolong has acquired the global storage brand Lexar to leverage its overseas channels, increasing its international market presence [9][41] Group 10 - Xian Yicai-U (688783) is a key player in the domestic silicon wafer sector, focusing on the production of 12-inch polished wafers and epitaxial wafers [10][40] - The company has achieved mass production of 12-inch wafers, breaking the monopoly of foreign manufacturers [10][41] - Xian Yicai has received multiple rounds of investment from the National Integrated Circuit Industry Investment Fund, continuously releasing production capacity [10][41] Group 11 - Tuo Jing Technology (688072) is a leading domestic thin film deposition equipment manufacturer, with a market share exceeding 60% for PECVD equipment in domestic storage chip manufacturing [11][40] - The company has entered the supply chains of major domestic storage manufacturers and has also supplied equipment to overseas storage companies [11][41] - Tuo Jing's R&D investment exceeds 30%, continuously launching new equipment suitable for advanced 3D NAND processes [11][41] Group 12 - Shengmei Shanghai (688082) is a leading domestic semiconductor cleaning equipment manufacturer, developing advanced cleaning technologies for storage chip manufacturing [12][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants [12][41] - Shengmei is building a new production base in Shanghai to further meet the equipment needs of storage chip manufacturers [12][41] Group 13 - Huarun Micro (688396) is a leading domestic power semiconductor company, providing packaging and testing services for storage chips [13][40] - The company has expanded its production lines for power semiconductors and storage packaging in Chongqing, enhancing its capabilities in the storage sector [13][41] - Huarun Micro's industrial-grade storage chips have achieved AEC-Q100 certification, enabling them to enter the automotive electronics market [13][41] Group 14 - Changchuan Technology (300604) is a leading domestic semiconductor testing equipment manufacturer, focusing on testing equipment for storage chips [14][40] - The company has entered the supply chains of major domestic storage manufacturers and has received investment from the National Integrated Circuit Industry Investment Fund [14][41] - Changchuan has acquired Singapore's STI company to enhance its competitiveness in the storage testing field [14][41] Group 15 - Changdian Technology (600584) is a global leader in semiconductor packaging and testing, providing high-end packaging services for domestic storage chip design companies [15][40] - The company has established R&D centers in Singapore and South Korea, taking on packaging orders from international giants [15][41] - Changdian has received support from the National Integrated Circuit Industry Investment Fund, continuously expanding its advanced packaging capacity [15][41]

（编辑 任世碧） 证券日报网讯 1月13日，西安奕材在互动平台回答投资者提问时表示，公司主营业务为12英寸半导体抛 光片和外延片。抛光片主要用于DRAM、NANDFlash等存储芯片制造。公司抛光片的晶体缺陷控制水 平、低翘曲和超平坦的硅片纳米形貌等品质要求已与全球前五大厂商处于同一水平。公司已成为国内主 流存储IDM厂商全球12英寸硅片厂商中供货量第一或第二大的供应商。 ...

Group 1 - The core viewpoint of the news is that Xi'an Yicai experienced a stock price increase of 3.55% on January 7, with a trading volume of 757 million yuan [1] - On the same day, Xi'an Yicai had a financing buy-in amount of 84.86 million yuan and a net financing buy of 14.78 million yuan, with a total financing and securities balance of 325 million yuan [1][2] - The current financing balance of Xi'an Yicai accounts for 7.61% of its circulating market value [2] Group 2 - Xi'an Yicai specializes in the research, production, and sales of 12-inch silicon wafers, with its main business revenue composition being 40.77% from semiconductor silicon test wafers, 34.39% from semiconductor silicon polished wafers, and 24.48% from semiconductor silicon epitaxial wafers [2] - As of December 31, the number of shareholders of Xi'an Yicai increased by 1.92% to 53,000, while the average circulating shares per person decreased by 1.89% to 3,105 shares [2] - For the period from January to September 2025, Xi'an Yicai achieved an operating income of 1.933 billion yuan, representing a year-on-year growth of 34.80%, while the net profit attributable to the parent company was -558 million yuan, with a year-on-year increase of 5.30% [2]