安泰科技股份有限公司 2025 年半年度报告全文 安泰科技股份有限公司 2025 年半年度报告 【2025 年 8 月】 1 安泰科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人李军风、主管会计工作负责人刘劲松及会计机构负责人(会计 主管人员)李克成声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及未来计划、发展战略等前瞻性陈述，不构成公司对投资者的 实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理 解计划、预测与承诺之间的差异。 公司已在本报告中详细描述可能存在的相关风险，敬请查阅本报告第三节 管理层讨论与分析中关于公司未来发展的展望中可能面临的风险部分的内容。 公司已在本报告中详细描述可能存在的相关风险，敬请查阅本报告第三节 管理层讨论与分析中关于公司面临的风险和应对措施部分的内容。 公司计划不派发现金红利，不送红股，不以公积金转增股 ...

金融界消息 截至2025年8月25日收盘，安泰科技（000969）报收于14.36元，上涨2.57%，换手率 4.71%，成交量48.70万手，成交金额6.95亿元。 资金流向方面，今日主力资金净流入3354.68万元，占比成交额4.83%。其中，超大单净流入2980.47万 元、占成交额4.29%，大单净流入374.21万元、占成交额0.54%，中单净流出流出3285.78万元、占成交 额4.73%，小单净流出68.90万元、占成交额0.1%。 安泰科技最新一期业绩显示，截至2025一季报，公司营业总收入17.82亿元、同比减少5.76%，归属净利 润8254.52万元，同比增长4.95%，扣非净利润7752.39万元，同比增长3.89%，流动比率1.751、速动比率 1.184、资产负债率41.95%。 天眼查商业履历信息显示，安泰科技股份有限公司，成立于1998年，位于北京市，是一家以从事科技推 广和应用服务业为主的企业。企业注册资本105078.8097万人民币，实缴资本36437万人民币。公司法定 代表人为李军风。 通过天眼查大数据分析，安泰科技股份有限公司共对外投资了29家企业，参与招投标项目47 ...

Core Viewpoint - The semiconductor sputtering target materials industry, often overlooked, is crucial for the semiconductor supply chain, with significant investment potential as domestic alternatives emerge to replace long-standing foreign monopolies [2][4]. Industry Overview: What are Sputtering Target Materials? - Sputtering target materials are essential for physical vapor deposition (PVD) processes, creating functional thin films on substrates like silicon wafers through magnetron sputtering technology [6][8]. - These materials are critical for manufacturing integrated circuits, specifically in metal interconnect layers, barrier layers, and contact layers, requiring ultra-high purity (typically above 99.9995%) and precise dimensions [8][12]. Classification of Targets - Targets are categorized by material type: metal targets (e.g., copper, aluminum), alloy targets (e.g., copper-manganese), and ceramic targets (e.g., indium tin oxide) [12][10]. - Each type serves specific functions in semiconductor applications, with increasing purity and structural uniformity requirements as technology advances [12][13]. Upstream Supply: High-Purity Metals and Equipment - The upstream supply involves high-purity metal and non-metal raw materials, with significant reliance on imports for high-purity materials [15][16]. - Key domestic producers include Xinjiang Zhonghe for aluminum and Jiangfeng Electronics for tungsten, while global leaders include Hydro for high-purity aluminum and Hitachi Metals for tungsten [16][15]. Midstream Manufacturing: Technically Intensive Core Segment - The midstream segment encompasses the manufacturing of sputtering targets, involving complex processes such as melting, forming, and binding, requiring significant R&D investment [18][17]. - Precision in temperature, time, and atmosphere during melting is crucial for ensuring material uniformity and purity [18]. Downstream Coating: Sputter Coating - The main coating processes include PVD and chemical vapor deposition (CVD), with PVD being the predominant method in semiconductor and display applications [19][21]. - The sputtering coating market is largely dominated by American and Japanese multinational corporations [21]. Terminal Applications: Core Demand from Semiconductor Industry - Downstream applications are primarily in semiconductor chip manufacturing, where sputtering target materials are vital for forming key chip structures [22][23]. - The demand for high-quality sputtering targets is driven by the increasing performance requirements of chips in high-performance computing, AI, and 5G communications [22][23]. Market Situation - The global sputtering target market has grown from 82.1 billion yuan in 2018 to 116.3 billion yuan in 2022, with a compound annual growth rate (CAGR) of 9.1% [47]. - The market is projected to reach 194.5 billion yuan by 2027, with a CAGR of 10.7% during the forecast period [47]. Competitive Landscape - The global sputtering target market is characterized by an oligopoly, with major players like JX Nippon Mining, Honeywell, and Tosoh dominating approximately 80% of the market [60][62]. - Domestic companies such as Jiangfeng Electronics and Yuyuan New Materials are making significant strides in technology and market penetration, particularly in the midstream segment [64]. Future Development Trends - The industry is expected to see increased demand for higher purity and quality sputtering targets as semiconductor processes advance to 3nm and below [68]. - Emerging applications in AI, IoT, and automotive sectors are anticipated to drive further growth in the sputtering target market [69]. Core Investment Logic - Investing in semiconductor sputtering targets is fundamentally about investing in certainty, as demand remains closely tied to capital expenditures in wafer manufacturing [74]. - The industry is protected by high technical barriers, long certification cycles, and strong customer loyalty, making it difficult for new entrants [75]. - The narrative of domestic substitution presents a significant investment opportunity, with domestic leaders poised to capture market share from established foreign players [76].

格隆汇8月15日丨安泰科技(000969.SZ)在互动平台表示，公司相关产品不直接对应机器人企业，机器人 制造是公司新产品、新业务拓展的重点领域，公司高性能钕铁硼磁材及器件是机器人驱动电机、伺服电 机及微特电机的核心材料和关键部件；公司电子封装热沉材料可用于电子与半导体领域；公司软磁包覆 粉、铁镍软磁合金粉等是电感元器件的核心材料和关键部件。 ...

Core Viewpoint - The company has decided to transfer its 18.613% stake in the Qifeng Antai (Changzhou) New Materials Industry Fund to optimize resource allocation and enhance operational efficiency [2][14]. Group 1: Meeting and Decision - The company's ninth board meeting was held on August 14, 2025, with all nine directors present, complying with legal and regulatory requirements [1][2]. - The board unanimously approved the proposal to transfer the stake in the fund, with no votes against or abstentions [2]. Group 2: Transaction Overview - The company will transfer its 18.613% stake in the Qifeng Antai Fund through a public listing on the Beijing Equity Exchange, with a minimum transfer price set at 63.30 million yuan (approximately 6.33 million) based on an asset valuation report [8][14]. - The valuation of the stake was determined to be 63.2965 million yuan (approximately 6.33 million) by Beijing Zhongtianhe Asset Appraisal Co., Ltd. [8][13]. Group 3: Fund and Financial Data - The Qifeng Antai Fund was established on March 3, 2017, with a total contribution of 537.26 million yuan (approximately 53.73 million) [11]. - The fund's financial data and ownership structure are clear, with no existing encumbrances or legal disputes affecting the transfer [12]. Group 4: Strategic Implications - The transfer aligns with the company's strategic focus on core business development and is expected to have no significant adverse impact on its financial status or operational capabilities [14]. - The transaction is designed to improve capital efficiency and support sustainable growth in the company's main business areas [14].

Transaction Overview - Company plans to transfer its 18.613% stake in the Qifu Antai (Changzhou) New Materials Industry Fund Partnership through a public listing on the Beijing Equity Exchange [2][3] - The assessed value of the 18.613% stake is approximately 63.2965 million yuan, with a minimum listing price set at 63.3 million yuan [2][5] Company Background - Antai Technology holds a 30% stake in Shenzhen Qifu Antai Investment Management Co., which manages the fund [1] - The company has previously invested 100 million yuan in the fund, which was established in collaboration with Qifu Antai as the general partner [1][2] Financial Information - The fund's total assets are reported at 41,978.72 million yuan for 2023, with a net profit of 157.49 million yuan [4] - The fund's liabilities are minimal, with a total of 39.38 million yuan reported for 2023 [4] Transaction Rationale - The transfer aims to enhance capital efficiency and focus on core business development, aligning with the company's strategic goals [5][6] - The transaction is not expected to significantly impact the company's financial status or operational results [5][6]

本次会议讨论并通过如下决议： 赞成 9 票；反对 0 票；弃权 0 票。 董事会同意公司通过北京股权交易中心以挂牌方式转让所持有 18.613%的 启 赋 安 泰 基 金 份 额 ， 具 体 内 容 详 见 深 圳 证 券 交 易 所 网 站 （https://www.szse.cn/index/index.html）刊登的《安泰科技股份有限公司关于转让 其他权益工具投资中持有的启赋安泰（常州）新材料产业基金合伙企业（有限合 伙）18.6130%财产份额的公告》。 证券代码：000969 证券简称：安泰科技 公告编号：2025-028 安泰科技股份有限公司 第九届董事会第三次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 安泰科技股份有限公司第九届董事会第三次临时会议通知于 2025 年 8 月 7 日以书面或邮件形式发出。据此通知，会议于 2025 年 8 月 14 日以现场暨通讯方 式召开，会议应出席董事 9 名，实际亲自出席 9 名。会议的召开符合有关法律、 行政法规、部门规章、规范性文件和公司章程的规定。 安泰科技股份有限公司董事会 ...

证券日报网讯 8月14日晚间，安泰科技发布公告称，公司第九届董事会第三次临时会议审议通过了《关 于转让所持启赋安泰（常州）新材料产业基金份额的议案》。 （文章来源：证券日报） ...

2024年1至12月份，安泰科技的营业收入构成为：新材料及制品占比100.0%。 安泰科技（SZ 000969，收盘价：13.48元）8月14日晚间发布公告称，公司第九届第三次董事会临时会 议于2025年8月14日以现场暨通讯方式召开。会议审议了《关于转让所持启赋安泰（常州）新材料产业 基金份额的议案》等文件。 （文章来源：每日经济新闻） ...

证券代码：000969 证券简称：安泰科技 公告编号：2025-029 安泰科技股份有限公司 关于转让其他权益工具投资中持有的启赋安泰（常州）新材料产业 基金合伙企业（有限合伙）18.6130%财产份额的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 释义： 除非另有说明，以下简称在本公告中含义如下： 安泰科技、公司、本公司：安泰科技股份有限公司 安泰创投：安泰创业投资（深圳）有限公司（公司全资子公司） 启赋安泰：深圳市启赋安泰投资管理有限公司（安泰创持有 30%股份） 启赋安泰基金：启赋安泰（常州）新材料产业基金合伙企业（有限合伙）（公 司持有其 18.613%份额） 一、交易概述 2016 年 4 月 25 日，公司召开第六届董事会第十七次会议，审议通过了《关 于对外合作设立投资管理公司和新材料行业并购基金的议案》，同意全资子公司 安泰创投对外投资设立"深圳市启赋安泰投资管理有限公司"，同时由启赋安泰 作为管理人和普通合伙人发起设立并购启赋安泰基金，公司作为基石投资者认缴 出资人民币 1 亿元，占出资比例的 18.613%。2017 年 11 月 2 ...