股票简称：北方华创 股票代码：002371 中信建投证券股份有限公司 关于北方华创科技集团股份有限公司 2022年股票期权激励计划首次授予部分 第二个行权期行权条件成就 之独立财务顾问报告 独立财务顾问 二〇二五年七月 1 | 一、释义 3 | | | --- | --- | | 二、声明 3 | | | 三、基本假设 4 | | | 四、本计划的授权与批准 5 | | | 五、独立财务顾问意见 9 | | | （一）本计划首次授予部分第二个行权期行权条件成就情况的说明 9 | | | （二）本计划首次授予部分第二个行权期行权安排 | 11 | | （三）结论性意见 12 | | 一、释义 在本独立财务顾问报告中，除非另有说明，下列简称具有如下含义： | 北方华创、上市公司、公 | 指 | 北方华创科技集团股份有限公司 | | --- | --- | --- | | 司 | | | | 中信建投证券、本独立财 | 指 | 中信建投证券股份有限公司 | | 务顾问 | | | | 本激励计划、本计划、 | 指 | 《北方华创科技集团股份有限公司2022年股票期权 | | 2022年股权激励计划 | | 激励计划 ...

北京金诚同达律师事务所 关于 北方华创科技集团股份有限公司 股票期权激励计划 行权期行权条件成就及注销部分期权、调整行权价 格相关事项的 法律意见书 金证法意[2025]字 0707 第 0628 号 中国北京市建国门外大街1号国贸大厦A座十层 100004 电话：010-5706 8585 传真：010-8515 0267 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于北方华创科技集团股份有限公司 股票期权激励计划 行权期行权条件成就及注销部分期权、调整行权价格相关事项 的法律意见书 金证法意[2025]字 0707 第 0628 号 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人 民共和国证券法》（以下简称"《证券法》"）《上市公司股权激励管理办法》（以下 简称"《管理办法》"）等相关法律、法规和规范性文件及《北方华创科技集团股 份有限公司章程》（以下简称"《公司章程》"）、《北方华创科技集团股份有限公司 2024 年股票期权激励计划（草案）》（以下简称"《2024 年激励计划》"）、《北方华 创科技集团股份有限公司 2022 年股票期权激励计划》（以下简称"《202 ...

证券代码：002371 证券简称：北方华创 公告编号：2025-043 北方华创科技集团股份有限公司 第八届监事会第十五次会议决议公告 表决结果：3票同意，0票反对，0票弃权。 经审核，根据《北方华创科技集团股份有限公司 2022 年股票期权激励计划 （草案）》的相关规定，2022 年股票期权激励计划首次授予部分自第一个可行权 日至今，因 16 名激励对象离职或违反公司相关管理规定，其已获授但尚未获准 行权的全部股票期权作废，由公司无偿收回并统一注销，应注销的股票期权数量 为 170,250 份；3 名激励对象因绩效考核结果不达标，第二个行权期部分股票期 权不可行权，公司拟对其已获授但尚未获准行权的第二个行权期部分期权无偿收 回并注销，应注销的股票期权数量为 4,500 份。合计拟注销股票期权 174,750 份。 监事会同意董事会根据 2022 年股票期权激励计划的相关规定，将上述人员 已获授但尚未获准行权的全部或部分股票期权注销。本次注销完成后，公司 2022 年股票期权激励计划首次授予部分激励对象由 805 人调整为 789 人，激励对象已 获授的股票期权数量由 10,090,125 份调整为 9,91 ...

证券代码：002371 证券简称：北方华创 公告编号：2025-042 北方华创科技集团股份有限公司 第八届董事会第二十五次会议决议公告 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、误导性陈述或者重大遗漏。 北方华创科技集团股份有限公司（以下简称"公司"）第八届董事会第二十 五次会议通知于 2025 年 6 月 27 日以电子邮件方式发出。2025 年 7 月 7 日上午， 会议如期在公司会议室以现场和通讯相结合方式召开，应到董事 11 名，实到 11 名，会议由董事长赵晋荣先生主持，公司监事、高级管理人员列席了会议。会议 的召集、召开符合《公司法》和《公司章程》的规定。 本次会议决议如下： 1．审议通过了《关于注销2022年股票期权激励计划首次授予部分股票期权 的议案》 根据《北方华创科技集团股份有限公司 2022 年股票期权激励计划（草案）》 的相关规定，2022 年股票期权激励计划首次授予部分自第一个可行权日至今， 因 16 名激励对象离职或违反公司相关管理规定，其已获授但尚未获准行权的全 部股票期权作废，由公司无偿收回并统一注销，应注销的股票期权数量为 170,250 份 ...

金十图示：2025年07月07日（周一）富时中国A50指数成分股今日收盘行情一览：银行股多数飘红，酿酒、保险、半导体板块走 势分化 +0.09(+1.60%) +0.09(+1.01%) +0.06(+1.37%) 保险 中国太保 中国平安 0.000 中国人保 08 3860.75亿市值 3629.75亿市值 10276.04亿市值 8.81亿成交额 18.14亿成交额 5.90亿成交额 37.73 8.73 56.43 +0.59(+1.59%) -0.14(-0.25%) +0.07(+0.81%) 酸酒行业 贵州茅台 XD山西分 五粮液 17721.18亿市值 2104.32亿市值 4654.44亿市值 33.71亿成交额 10.30亿成交额 7.66亿成交额 119.91 1410.70 172.49 -11.52(-0.81%) +0.39(+0.23%) -0.48(-0.40%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2400.63亿市值 2264.86亿市值 3161.80亿市值 12.51亿成交额 18.10亿成交额 9.82亿成交额 332.68 541.38 136.03 ...

Core Viewpoint - The article highlights the significant growth and localization of the semiconductor equipment market in China, emphasizing the upcoming 2025 TrendBank Lithography Industry Conference and the increasing demand for domestic semiconductor manufacturing equipment due to geopolitical tensions [1][3]. Group 1: Industry Overview - In 2024, the global semiconductor equipment market reached a sales scale of $116.1 billion, with China's market share at 36.7%, indicating a dominant position [1]. - The expansion of wafer fabrication equipment is driven by downstream technological iterations and market demand growth, with global revenue from wafer fabrication equipment consistently accounting for 10%-20% of the total semiconductor equipment market [2]. Group 2: Market Dynamics - The global wafer fabrication equipment market is still largely occupied by international companies, but China is the largest demand region, presenting significant opportunities for localization projects [3]. - The article notes that the localization of semiconductor equipment and components is becoming a hot investment area, following semiconductor materials and advanced packaging projects [1]. Group 3: Conference Details - The 2025 TrendBank Lithography Industry Conference will take place on July 9-10, 2025, in Hefei, Anhui, with participation from 24 industry, academic, and research institutions [1]. - The conference will feature various sessions focusing on advanced lithography technologies, domestic production of lithography materials, and the challenges and opportunities in the semiconductor industry [14][24].

Index Performance - The CSI A500 Index increased by 1.32% this week, closing at 4662.51 points on July 4 [4] - The average daily trading volume for the week was 18341.42 billion yuan, with a week-on-week decrease of 9.22% [4] Top Performing Stocks - The top ten stocks with the highest gains this week included: 1. Tian Shou Pharmaceutical (600521.SH) with a gain of 23.34% 2. Daqian Energy (688303.SH) with a gain of 22.18% 3. Junshi Biosciences (688180.SH) with a gain of 18.93% 4. Lepu Medical (300003.SZ) with a gain of 17.99% 5. Giant Network (002558.SZ) with a gain of 17.42% 6. Tongwei Co., Ltd. (600438.SH) with a gain of 17.32% 7. Hualing Steel (000932.SZ) with a gain of 15.37% 8. Pengding Holdings (002938.SZ) with a gain of 14.57% 9. Shenzhou Taiyue (300002.SZ) with a gain of 13.70% 10. Dongshan Precision (002384.SZ) with a gain of 13.36% [3] Underperforming Stocks - The ten stocks with the largest declines this week included: 1. Hengxuan Technology (688608.SH) with a loss of 33.40% 2. Huazhi Shihua (688120.SH) with a loss of 32.34% 3. Northern Huachuang (002371.SZ) with a loss of 22.87% 4. Weining Health (300253.SZ) with a loss of 8.77% 5. China Eastern Airlines (600115.SH) with a loss of 7.07% 6. Xingyuan Material (300568.SZ) with a loss of 6.99% 7. Cambricon Technologies (688256.SH) with a loss of 6.50% 8. Beiyi Innovation (603986.SH) with a loss of 5.93% 9. Jixiang Airlines (603885.SH) with a loss of 5.84% 10. New Zhou Bang (300037.SZ) with a loss of 5.49% [3] Fund Performance - This week, 38 CSI A500 funds collectively rose, with Pu Yin An Sheng leading at a 1.72% increase [5] - The top three funds by size were Huatai-PB (200.88 billion yuan), Guotai (181.5 billion yuan), and GF Fund (174.22 billion yuan) [5] Market Trends - A new trend has emerged in the Hong Kong stock market where A-share listed technology companies are increasingly pursuing secondary listings in Hong Kong [7] - The secondary listings provide diversified financing channels and enhance international market recognition for the companies [7] - The median discount rate for five companies planning secondary listings in Hong Kong is approximately -17% [7] - The core factors driving asset performance are expected to shift from external to internal influences in the second half of the year [7]

Market Overview - The FTSE China A50 Index components showed a mixed performance with banking, liquor, semiconductor, and logistics sectors rising, while non-ferrous metals and chemical pharmaceuticals sectors weakened [1] - BYD's stock price fell over 1% [1] Sector Performance Banking Sector - Major banks like China Pacific Insurance, Ping An Insurance, and China Life Insurance reported market capitalizations of 382.98 billion, 357.30 billion, and 1,030.15 billion respectively, with trading volumes of 9.81 million, 36.96 million, and 7.85 million [3] Liquor Industry - Key players such as Kweichow Moutai, Shanxi Fenjiu, and Wuliangye had market capitalizations of 1,786.59 billion, 214.35 billion, and 467.31 billion respectively, with trading volumes of 40.87 million, 10.51 million, and 20.49 million [3] Semiconductor Sector - Companies like Northern Huachuang, Cambricon Technologies, and Haiguang Information had market capitalizations of 241.84 billion, 229.03 billion, and 315.09 billion respectively, with trading volumes of 24.36 million, 31.12 million, and 15.15 million [3] Automotive Sector - BYD, Great Wall Motors, and Beijing-Shanghai High-Speed Railway had market capitalizations of 1,818.73 billion, 186.84 billion, and 278.88 billion respectively, with trading volumes of 34.54 million, 4.39 million, and 5.94 million [3] Oil Industry - China Petroleum, Sinopec, and COSCO Shipping had market capitalizations of 239.78 billion, 688.67 billion, and 1,573.98 billion respectively, with trading volumes of 8.63 million, 6.43 million, and 7.64 million [3] Coal Industry - Major companies like China Shenhua and Shaanxi Coal and Chemical Industry had market capitalizations of 187.79 billion and 815.60 billion respectively, with trading volumes of 12.39 million and 6.45 million [3] Power Industry - Key players such as Yangtze Power and China Nuclear Power had market capitalizations of 360.33 billion and 737.96 billion respectively, with trading volumes of 20.49 million and 8.29 million [4] Food and Beverage Sector - Companies like Citic Securities, Guotai Junan, and Haitian Flavoring had market capitalizations of 409.94 billion, 340.96 billion, and 226.93 billion respectively, with trading volumes of 28.30 million, 3.94 million, and 16.84 million [4] Consumer Electronics - Industrial Fulian, Luxshare Precision, and Gree Electric Appliances had market capitalizations of 472.85 billion, 255.90 billion, and 242.55 billion respectively, with trading volumes of 30.57 million, 77.50 million, and 25.48 million [4] Chemical Products - Companies like Wanhua Chemical and SF Holding had market capitalizations of 239.20 billion and 271.34 billion respectively, with trading volumes of 12.28 million and 8.32 million [4] Construction and Engineering - China State Construction and Zijin Mining had market capitalizations of 532.88 billion and 166.95 billion respectively, with trading volumes of 27.26 million and 8.53 million [4]

Investment Summary - The report maintains an "Overweight" rating for the semiconductor and consumer electronics sectors, highlighting the acceleration of semiconductor technology breakthroughs driven by AI, which is expected to enhance the upgrade of consumer electronics [1][2]. Semiconductor Technology Breakthrough - The semiconductor industry is experiencing a structural transformation due to the dual pressures of "bottleneck" and "breakthrough," leading to a decrease in the proportion of externally sourced chips from 63% in 2024 to 42% in 2025 [9]. - Emerging application fields such as low-altitude economy, commercial aerospace, AI, new energy vehicles, and intelligent robotics are driving the demand for precision electronic components, accelerating the domestic substitution process [9]. AIDC Sector - AI is driving an increase in server power, leading to a growth in demand for major equipment. The demand for data centers is continuously increasing due to the surge in data volume driven by cloud computing, big data, and AI technologies [12]. - The shift from traditional CPUs to GPUs in AI computing core devices is resulting in a significant increase in power requirements, necessitating higher system efficiency and reliability in power distribution [12]. Consumer Electronics - The market for domestic System on Chip (SoC) is growing, providing high-performance hardware support and customized software solutions for various industries, including smart homes and industrial automation [15]. - SoC chips are widely used in AI applications due to their high performance, low power consumption, and high integration, becoming essential components in consumer electronics such as smartphones and tablets [15]. CIS Market Recovery - The CIS market is experiencing rapid recovery, driven by increased shipments from manufacturers like OmniVision, Gekewei, and Sitaiwei, fueled by demand from smartphones, smart cars, and emerging fields like drones and AR/VR [17]. - Domestic CIS manufacturers are intensifying market expansion efforts, with high-end products expected to continue gaining market share, particularly in flagship smartphones [17].

Investment Rating - The report maintains a positive outlook on the semiconductor industry, highlighting structural opportunities in AI computing, AIOT, semiconductor equipment, and key components [4]. Core Insights - The semiconductor industry showed signs of recovery in June 2025, with increasing prices and improving demand across various segments, including smartphones, tablets, TWS headphones, wearable devices, smart home products, AI servers, and new energy vehicles [4][5]. - The report indicates that the overall semiconductor demand is expected to continue its recovery into July, despite high inventory levels and relatively abundant supply in the short term [4]. - The report emphasizes the importance of AI innovations, with new consumer electronics products being launched, such as AI glasses from Xiaomi and Meta, which are expected to drive demand in the sector [4][5]. Monthly Market Review - The semiconductor sector experienced a 5.96% increase in June, outperforming the broader market, which saw a 2.50% rise in the CSI 300 index [11][13]. - The semiconductor industry's valuation metrics, including PE and PB ratios, are currently at high historical percentiles, indicating a strong market sentiment towards the sector [21][22]. Semiconductor Supply and Demand Data - Global semiconductor sales in April 2025 showed a year-on-year increase of 22.68%, with a cumulative growth of 18.93% from January to April 2025, reflecting a robust recovery in demand [4]. - The report notes significant price increases in memory chips, particularly DDR4, driven by supply constraints and increased market demand [4]. Downstream Demand Tracking and Forecast - The report highlights that downstream demand for semiconductors is strong in TWS headphones, wearable devices, AI servers, and new energy vehicles, with notable growth rates in these segments [4][5]. - Global smartphone shipments in Q1 2025 increased by 1.53%, while new energy vehicle sales saw a year-on-year growth of 19.08% in April 2025 [4]. Industry News Highlights - The report mentions significant developments in AI infrastructure, including Nvidia's plans to build AI factories in Europe and the release of new AI products by major tech companies [5]. - The report suggests that the semiconductor industry is likely to benefit from ongoing AI innovations and the expansion of the ASIC market, with projections for the market size to increase from $75 billion to $94 billion by 2028 [5]. Investment Recommendations - The report advises investors to consider leading companies in the AIOT sector, such as Lexin Technology and Hanguang Technology, as well as those involved in AI-driven innovations and domestic supply chain replacements [5].