人民财讯9月24日电，华天科技（002185）9月24日公告，公司正在筹划发行股份及支付现金购买华羿微 电子股份有限公司（简称"华羿微电"）全部或部分股权，并募集配套资金事项。华羿微电为公司控股股 东华天集团的控股子公司。因该事项尚存不确定性，公司股票9月25日起停牌。 ...

Group 1 - Huatian Technology (SZ 002185) announced on September 24 that it is planning to issue shares and pay cash to acquire assets and raise matching funds, which involves related party transactions [1] - Due to uncertainties regarding the aforementioned matters, the company has applied for a trading suspension starting from September 25, 2025, to protect investor interests and avoid significant impacts on its securities trading [1] - For the first half of 2025, Huatian Technology's revenue composition was 99.97% from integrated circuit packaging products and 0.03% from LED products [1] Group 2 - As of the report, Huatian Technology has a market capitalization of 38 billion yuan [1]

证券代码：002185 证券简称：华天科技 公告编号：2025-045 天水华天科技股份有限公司 关于筹划发行股份及支付现金购买资产并募集配套资 金暨关联交易事项的停牌公告 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。 一、停牌事由和工作安排 天水华天科技股份有限公司（以下简称"公司"）正在筹划发行股份及支付 现金购买资产并募集配套资金暨关联交易事项（以下简称"本次交易"）。本次交 易预计不构成重大资产重组，不构成重组上市，但构成关联交易。因有关事项尚 存不确定性，为了维护投资者利益，避免对公司证券交易造成重大影响，根据深 圳证券交易所的相关规定，经公司申请，公司证券（证券简称：华天科技，证券 代码：002185）自 2025 年 9 月 25 日开市时起开始停牌。 公司预计在不超过 10 个交易日内披露本次交易方案，即在 2025 年 10 月 17 日开市前按照《公开发行证券的公司信息披露内容与格式准则第 26 号——上市 公司重大资产重组》的要求披露相关信息。 若公司未能在上述期限内召开董事会审议并披露交易方案，公司证券最晚将 于 2025 年 10 ...

Core Insights - The 2025 Nanjing Yangtze River Integrated Circuit Innovation Development Promotion Conference successfully took place, focusing on the theme "Gathering Innovation in Jiangbei to Lead the Future" [1] - Over 20 key projects were signed at the event, with a total investment reaching 10 billion yuan [2][3] Industry Development - The integrated circuit industry is recognized as a strategic, foundational, and leading industry, forming part of Nanjing's "4266" industrial system planning [3] - Jiangbei New Area and Pukou District are prioritizing the integrated circuit sector as a key driver for innovative development and the establishment of a self-innovation pilot zone [3] - The two districts have successfully attracted and nurtured representative companies such as Huada Semiconductor, Xinde Semiconductor, and Changjing Technology, covering the entire industry chain from EDA tools to terminal applications [3] Project Signings - The conference resulted in the signing of over 20 key projects across various fields, including integrated circuits, smart manufacturing, energy storage, and industrial funds, with a total investment of 10 billion yuan [2][3] - This investment aims to enhance the regional industrial chain layout and promote deep integration of industry, academia, and research [3] Collaboration Opportunities - The close collaboration between upstream and downstream enterprises, along with efficient resource integration, is crucial for enhancing the scale and quality of the integrated circuit industry [4] - Seven universities have jointly released an initiative for collaborative innovation in the integrated circuit industry, focusing on talent cultivation, industry-education integration, and technological breakthroughs [4] Environmental Factors - Jiangbei New Area and Pukou District are committed to creating a favorable environment for the integrated circuit industry, emphasizing sincerity in attracting enterprises and supporting project implementation [5][6] - The conference featured discussions on enhancing core technological competitiveness in the industry, with insights shared by leaders from various organizations [6]

Core Insights - The Nanjing Investment Promotion Conference on September 23 saw the signing of 59 projects with a total planned investment of 891.87 billion yuan, reflecting strong corporate confidence in Nanjing's development potential [1][2] Group 1: Industry Projects - Among the 51 industrial projects signed, 40 are manufacturing projects with an investment of 532.21 billion yuan, accounting for 78.4% of the project count and 66.3% of the investment amount, highlighting Nanjing's solid manufacturing foundation and transformation direction [2][3] - The signed manufacturing projects include 32 projects in the "4+6" industry sectors, with a total investment of 407.94 billion yuan, representing 80% of the number of manufacturing projects and 76.7% of the investment amount [2] Group 2: Capital Investment - Eight fund projects with a total scale of 89.66 billion yuan focus on new-generation information communication, biomedicine, and intelligent manufacturing, providing essential financial support for industrial upgrades [4][5] - The funds are strategically aligned with Nanjing's key development industries, such as software and information services, industrial software, and new energy sectors like hydrogen energy and smart grid systems [4][6] Group 3: Investment Environment - Over 20 projects in the recent signing are reinvestment projects from existing enterprises, indicating strong confidence in Nanjing's investment environment [7] - The continuous investment from companies like Huada Technology and Singapore's Golden Eagle Group reflects a long-term positive outlook on Nanjing's development environment [7]

Group 1 - The Nanjing Investment Promotion Conference signed 59 projects with a total planned investment of 891.87 billion yuan, including 51 key industrial projects with an investment of 802.21 billion yuan and 8 fund projects with a scale of 89.66 billion yuan [1][2] - Among the signed industrial projects, 40 are manufacturing projects with an investment of 532.21 billion yuan, accounting for 78.4% of the number of projects and 66.3% of the investment amount, highlighting Nanjing's strong manufacturing foundation and transformation direction [2][3] - The signed projects include significant investments in advanced packaging, intelligent manufacturing, and high-end machine tools, indicating a focus on high-tech and core technology development within the manufacturing sector [3][4] Group 2 - The 8 fund projects, totaling 89.66 billion yuan, focus on new-generation information communication, biomedicine, and intelligent manufacturing, aiming to inject financial support into industrial upgrades [4][6] - The investment strategy emphasizes "招投联动" (investment and project linkage), leveraging financial tools to attract social capital and support promising projects, thereby enhancing the investment ecosystem [6][7] - Existing enterprises are also increasing their investments in Nanjing, with over 20 projects being reinvestments, reflecting confidence in the local business environment and the effectiveness of Nanjing's investment attraction efforts [7][8]

证券代码：002185 证券简称：华天科技 公告编号：2025-044 天水华天科技股份有限公司 关于下属企业出资参与设立专项基金及产业基金 的进展公告 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。 2025 年 9 月 12 日，天水华天科技股份有限公司下属企业西安天利投资合伙 企业（有限合伙）（以下简称"西安天利"）与上海盛宇股权投资基金管理有限公 司等共十名出资人签署了《江苏华天盛宇创新成长投资基金（有限合伙）合伙协 议》，全体合伙人拟以现金出资方式共同投资设立江苏华天盛宇创新成长投资基 金（有限合伙）（以下简称"专项基金"）。全体合伙人认缴出资总额 20,600 万元， 其中西安天利作为有限合伙人，认缴出资 3,000 万元，认缴比例 14.563%。具体 内容详见 2025 年 9 月 16 日巨潮资讯网（www.cninfo.com.cn）及刊登于《证券 时报》的 2025-042 号公司公告。 2025 年 9 月 17 日，西安天利与上海盛宇股权投资基金管理有限公司等共三 名出资人签署了《江苏华天盛宇产业投资基金（有限合伙）合伙协议》，全体合 ...

华天科技公告，下属企业西安天利投资合伙企业（有限合伙）与上海盛宇股权投资基金管理有限公司等 共十名出资人签署了《江苏华天盛宇创新成长投资基金（有限合伙）合伙协议》，全体合伙人认缴出资 总额2.06亿元，其中西安天利认缴出资3000万元，认缴比例14.563%。此外，西安天利与上海盛宇股权 投资基金管理有限公司等共三名出资人签署了《江苏华天盛宇产业投资基金（有限合伙）合伙协议》， 全体合伙人认缴出资总额2亿元，其中西安天利认缴出资8000万元，认缴比例40%。近日，上述专项基 金及产业基金已完成工商登记注册。 ...

每经AI快讯，9月18日，华天科技（002185）在互动平台表示，公司CPO封装技术关键单元工艺开发正 在进行之中。 ...

Investment Rating - The industry investment rating is maintained as "Outperform" [3] Core Insights - The semiconductor packaging and testing industry is experiencing significant growth driven by AI and advanced packaging technologies, with major players focusing on creating one-stop solutions for packaging and testing [1][5] - Key companies such as Jiayuan Electronics and Weicai Technology are increasing their capital expenditures and expanding high-end testing capacities, reflecting strong demand across various applications [2][5] - The overall gross margin for the domestic packaging sector has shown a notable increase, with leading companies like Huada Technology and Liyang achieving higher margins compared to the industry average [11][12] Summary by Sections Overview - The gross margin for the semiconductor packaging sector has significantly improved, reaching 21.44% in Q2 2025, which is higher than the average for previous quarters [11][12] OSAT (Outsourced Semiconductor Assembly and Test) - Daylight Technology's advanced packaging revenue has surpassed 10% of its total, with a recovery in general business observed [17] - Anke Technology reported a revenue of 10.779 billion RMB in Q2 2025, with a 14.3% quarter-on-quarter growth, driven by strong demand in various markets [30][31] - Powertech Technology's revenue reached 4.226 billion RMB in Q2 2025, reflecting a 16.56% quarter-on-quarter increase [39] Testing - Jiayuan Electronics has significantly increased its capital expenditure, with a 149.64% quarter-on-quarter growth in Q2 2025 [2][3] - Weicai Technology has seen strong revenue and profit growth in H1 2025, driven by the increasing demand for high-end testing services [5][20] Equipment - AI continues to be the main driver for industry growth, with strong demand for TCB, hybrid bonding, and SoC testing equipment [5][21] - ASMPT reported a 50% year-on-year increase in TCB equipment orders in H1 2025 [5][23] Market Trends - The smartphone market is experiencing regional differentiation, with strong growth in specific areas such as the Middle East and Africa [6][28] - The automotive sector is showing positive trends, particularly in the new energy vehicle segment, while traditional fuel vehicles are stabilizing [6][32] Investment Recommendations - The report suggests focusing on key players in packaging, testing, and equipment sectors, including Daylight Technology, Tongfu Microelectronics, and ASMPT, among others [5][34]