证券代码：002185 证券简称：华天科技 公告编号：2025-031 天水华天科技股份有限公司 关于获得政府补助的公告 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。 一、获取补助的基本情况 天水华天科技股份有限公司（以下简称"公司"）控股子公司华天科技（南 京）有限公司于 2025 年 6 月 30 日收到政府补助款项 8,065.69 万元，具体如下： | 获得补助的主体 | 收款时间 | 补助 | 补助金额 | 补助类型 | 会计处理 | | --- | --- | --- | --- | --- | --- | | | | 形式 | （万元） | | | | 华天科技（南京）有限公司 | 2025/6/30 | 现金 | 8,065.69 | 与收益相关 | 其他收益 | 上述补助资金已经到账，占公司最近一期经审计归属于上市公司股东的净利 润的 13.09%。上述政府补助与公司日常经营活动相关，但不具有可持续性。 二、补助的类型及其对上市公司的影响 1、补助的类型 根据《企业会计准则第 16 号—政府补助》的规定，与资产相关的政府补助， 是指企业取得 ...

Group 1 - The storage chip sector opened high, with Chengbang Co., Ltd. (603316) achieving a three-day consecutive rise [1] - Haoshanghao (001298) increased by over 7%, indicating strong market interest [1] - Multiple stocks including Zhanxin Co., Ltd., Zhongjing Electronics (002579), and Huatian Technology (002185) also opened high, reflecting a positive trend in the sector [1] Group 2 - Dark pool funds are flowing into these stocks, suggesting increased investment activity and potential bullish sentiment [1]

Market Overview - On June 27, the A-share market exhibited structural differentiation, with the Shanghai Composite Index down by 0.70%, while the Shenzhen Component Index and the ChiNext Index rose by 0.34% and 0.47% respectively [2] - The total trading volume across the Shanghai, Shenzhen, and Beijing markets reached 1.58 trillion yuan, with over 3,400 stocks rising and 54 stocks hitting the daily limit [2] Sector Performance - The electronic, non-ferrous metals, and textile sectors attracted significant capital, with Tesla supply chain and military protection stocks showing particularly active performance [2] - In the electronic sector, nine stocks hit the daily limit, with notable inflows into Huaten Technology and Shenzhen Huqiang, which saw net inflows of 5.82 billion yuan and 6.40 billion yuan respectively [2] Non-Ferrous Metals - North Copper achieved a four-day limit increase, closing at 10.31 yuan with a net inflow of 2.57 billion yuan [3] - The sector saw a collective rise in small metal varieties such as zinc, tin, and molybdenum, driven by interest in Tesla's new electric vehicle concepts [3] Military and Defense - The defense sector saw significant activity, with Inner Mongolia First Machinery Group receiving a large net buy of 4.8 billion yuan, while Jihua Group also hit the daily limit [4] - The military protection theme ranked among the top gainers, supported by recent advancements in new equipment development by military enterprises [4] Communication Equipment - The communication equipment sector experienced a net inflow of 12.80 billion yuan, with Hengbao Co. hitting the daily limit at 19.15 yuan and a turnover rate of 54.38% [5] - The sector's activity is linked to the accelerated rollout of 5G-A networks by operators, indicating a potential for valuation recovery in related industries [5] Capital Flow Insights - The main sectors attracting capital included electronic components, communication equipment, and small metals, with net inflows of 19.26 billion yuan, 12.80 billion yuan, and 5.47 billion yuan respectively [5] - As the semi-annual report disclosure period approaches, sectors with strong earnings certainty, such as technology and high-end manufacturing, are likely to continue attracting investment [5]

Market Overview - The Shanghai Composite Index fell by 0.70% on June 27, with 18 out of the 28 sectors rising, led by the non-ferrous metals and communication sectors, which increased by 2.17% and 1.79% respectively [1] - The electronic sector also saw a rise of 0.92% [1] - The banking and public utilities sectors experienced the largest declines, with drops of 2.95% and 1.01% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets was 19.41 billion yuan, with 8 sectors experiencing net inflows [1] - The communication sector had the highest net inflow of capital, totaling 2.579 billion yuan, while the electronic sector followed with a net inflow of 2.435 billion yuan [1] - The computer sector faced the largest net outflow, amounting to 6.630 billion yuan, followed by the defense and military industry with a net outflow of 2.891 billion yuan [1] Electronic Sector Performance - The electronic sector had 463 stocks, with 335 stocks rising and 122 stocks declining; 9 stocks hit the daily limit up [2] - Among the stocks with net inflows, 15 stocks saw inflows exceeding 100 million yuan, with Huada Technology leading at 670 million yuan [2] - The stocks with the largest net outflows included Helitai, Han's Laser, and *ST Huami, with outflows of 540 million yuan, 507 million yuan, and 208 million yuan respectively [2][3] Top Gainers in Electronic Sector - The top gainers in the electronic sector included: - Huada Technology: +10.06%, 67.302 million yuan net inflow - Shenzhen Huachuang: +10.00%, 66.097 million yuan net inflow - Fangzheng Technology: +6.68%, 35.687 million yuan net inflow [2] Top Losers in Electronic Sector - The top losers in the electronic sector included: - Helitai: -3.86%, -54.090 million yuan net outflow - Han's Laser: -4.10%, -50.656 million yuan net outflow - *ST Huami: -4.85%, -20.838 million yuan net outflow [3]

Group 1 - The A-share semiconductor sector is experiencing a significant upward trend, with notable gains in several companies [1] - Longxin Zhongke and Xinhenghui both saw their stock prices increase by over 10%, while Chipone Technology rose by more than 9% [1] - Huada Technology and Guoke Micro also followed the upward trend, indicating a broader positive movement in the semiconductor industry [1]

Group 1 - Huawei HiSilicon concept stocks surged, with Shenzhen Huaqiang (000062) hitting the daily limit [1] - Jinsai Technology rose over 9%, indicating strong market interest [1] - Other companies such as Huatian Technology (002185), Liyuan Information (300184), and Huina Technology (300609) also experienced gains [1]

Core Viewpoint - The CSI 500 Industry Neutral Low Volatility Index (500SNLV) has shown a slight increase of 1.13% recently, despite experiencing declines over the past month, three months, and year-to-date [1][2]. Group 1: Index Performance - The CSI 500 Industry Neutral Low Volatility Index closed at 15,573.01 points with a trading volume of 32.699 billion yuan [1]. - Over the past month, the index has decreased by 0.38%, by 5.70% over the last three months, and by 5.01% year-to-date [1]. Group 2: Index Composition - The index selects low-volatility securities from the CSI 500 Index's secondary industries, maintaining industry neutrality while using inverse volatility weighting [1]. - The top ten holdings of the index include Aerospace Information (2.31%), Zhongke Software (1.94%), Guiyang Bank (1.08%), Huatian Technology (1.06%), Hehui Optoelectronics (1.06%), Yake Technology (1.04%), Huiding Technology (1.02%), Chiplink Integration (1.01%), Suzhou Bank (0.97%), and Boss Electric (0.95%) [1]. Group 3: Market Distribution - The index's holdings are primarily listed on the Shanghai Stock Exchange (67.31%) and the Shenzhen Stock Exchange (32.69%) [1]. Group 4: Sector Allocation - The sector allocation of the index includes Information Technology (21.45%), Industrials (20.61%), Materials (14.01%), Healthcare (10.21%), Financials (9.25%), Consumer Discretionary (7.13%), Communication Services (6.48%), Consumer Staples (4.09%), Utilities (3.30%), Energy (2.15%), and Real Estate (1.32%) [2]. Group 5: Index Adjustment and Fund Tracking - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2]. - Public funds tracking the 500SNLV include Invesco Great Wall CSI 500 Industry Neutral Low Volatility A, Invesco Great Wall CSI 500 Industry Neutral Low Volatility C, and Huaan CSI 500 Industry Neutral Low Volatility ETF [2].

证券代码：002185 证券简称：华天科技 公告编号：2025-030 天水华天科技股份有限公司 关于2023年股票期权激励计划首次授予部分 第一个行权期采用自主行权模式的提示性公告 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。 特别提示： ? 2023 年股票期权激励计划首次授予期权简称：华科 JLC1，期权代码： ? 本次股票期权符合行权条件的激励对象 2,467 名，可行权的股票期权数 量共计 6,345.90 万份，行权价格为 7.182 元/股。 ? 公司 2023 年股票期权激励计划首次授予股票期权分三期行权，第一个行 权期可行权期限应为 2025 年 4 月 9 日至 2026 年 4 月 8 日，根据业务办理的实际 情况，实际可行权期限为 2025 年 5 月 20 日至 2026 年 4 月 8 日。 ? 本次行权采用自主行权模式。 授予日起 27 个月内的最后一个交易日当日止 自股票期权授予日起 27 个月后的首个交易日起，至股票期权 第二个行权期 30% 授予日起 39 个月内的最后一个交易日当日止 自股票期权授予日起 39 个月后的首 ...

证券代码：002185 证券简称：华天科技 公告编号：2025-030 天水华天科技股份有限公司 关于2023年股票期权激励计划首次授予部分 第一个行权期采用自主行权模式的提示性公告 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。 特别提示： 2023 年股票期权激励计划首次授予期权简称：华科 JLC1，期权代码： 037420。 本次股票期权符合行权条件的激励对象 2,467 名，可行权的股票期权数 量共计 6,345.90 万份，行权价格为 7.182 元/股。 公司 2023 年股票期权激励计划首次授予股票期权分三期行权，第一个行 权期可行权期限应为 2025 年 4 月 9 日至 2026 年 4 月 8 日，根据业务办理的实际 情况，实际可行权期限为 2025 年 5 月 20 日至 2026 年 4 月 8 日。 本次行权采用自主行权模式。 本次可行权股票期权若全部行权，公司股份仍具备上市条件。 天水华天科技股份有限公司（以下简称"公司"）于 2025 年 3 月 29 日召开 第七届董事会第二十一次会议、第七届监事会第十七次会议，审议通过了《关于 ...

Summary of Huada Technology Conference Call Company Overview - **Company**: Huada Technology - **Industry**: Semiconductor and Electronics Manufacturing Key Points Financial Performance - In Q1 2025, Huada Technology reported revenue of **35.67 billion** CNY, a year-on-year increase of approximately **15%**. However, the net profit turned into a loss of **18 million** CNY, a decline of **130%** compared to a profit of **57 million** CNY in Q1 2024 [2][4] - The gross margin increased by **0.5 percentage points** year-on-year, from **8.52%** to **9%**, but decreased quarter-on-quarter due to holiday production rates [4][12] Profitability Challenges - The significant decline in net profit was attributed to a sharp decrease in investment income, which fell from **53 million** CNY in Q1 2024 to just over **1 million** CNY in Q1 2025, a reduction of about **52 million** CNY [5] - Non-recurring losses also contributed to the decline, with a net loss of **82 million** CNY after excluding non-recurring items, compared to a loss of **76 million** CNY in the previous year [5][9] Production Base Performance - Performance varied across production bases: - **Tianshui**: Revenue of **900 million** CNY, up **17.21%**, but a net loss of **51 million** CNY [8] - **Xi'an**: Revenue of **810 million** CNY, up **11.74%**, with a net profit of **62 million** CNY [8] - **Nanjing**: Revenue of **710 million** CNY, up **13.27%**, but a loss of **45 million** CNY due to TSMC chip supply restrictions [8] - **Kunshan**: Revenue of **470 million** CNY, up **10%**, with a slight decline in net profit [8] - **Malaysia UJU Project**: Revenue of **690 million** CNY, up **25%**, but gross margin decreased [8] Market Outlook - The application field structure remains stable, with consumer electronics accounting for **40%-45%**, storage increasing to about **15%**, and automotive electronics at **10%**. A significant improvement in Q2 2025 is expected, although a potential adjustment in Q3 and Q4 is anticipated [2][10] - The company aims for a **10%** revenue growth in 2025, targeting **15.9 billion** CNY, primarily through existing product expansion and new factory capacity release [3][15] R&D and Capital Expenditure - R&D expenses are focused on **2.5G** and **3G** technologies, expected to grow by **20%-30%** in 2025 [13] - Capital expenditure is projected to remain high, with an estimated **3 billion** CNY for the year, driven by advanced packaging investments [15] Pricing and Competitive Landscape - The pricing environment for mature processes remains competitive, with limited price changes expected in the future [16][30] - Traditional product categories, particularly power and driver products, face significant competitive pressure [17] Future Production Capacity - New production facilities are being established, including advanced packaging capabilities in Jiangsu and Malaysia, with expected sales of **400 million** CNY and **180-220 million** CNY respectively [18][20] - The Shanghai Lingang factory is expected to achieve full production capacity in 2025, contributing **150-200 million** CNY in sales [23] Geopolitical Considerations - The company is diversifying its production locations to mitigate risks associated with geopolitical tensions, while still prioritizing domestic operations when feasible [31][32] Conclusion - Huada Technology is navigating a challenging financial landscape with mixed performance across its production bases. The company is focusing on R&D, capital expenditure, and strategic market positioning to achieve its growth targets in a competitive and evolving industry environment.