北方华创科技集团股份有限公司 2025 年半年度报告全文 北方华创科技集团股份有限公司 2025 年半年度报告 2025 年 8 月 1 北方华创科技集团股份有限公司 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。 公司负责人赵晋荣、主管会计工作负责人李延辉及会计机构负责人（会 计主管人员）崔卉淼声明：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。 公司存在的风险详细内容见本报告"第三节 管理层讨论与分析"—— "十、公司面临的风险和应对措施"，敬请广大投资者注意。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 2 | 1 œ | | --- | --- | | 1 | 1 | | 第一节 | 重要提示、目录和释义 2 | | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | 7 | | 第三节 | 管理层讨论与分析 | 10 | | 第四节 | ...

资金流入比率方面，长电科技、中芯国际、敏芯股份等流入比率居前，主力资金净流入率分别为 9.49%、9.18%、8.79%。（数据宝） 截至8月28日收盘，中芯国际概念上涨3.86%，位居概念板块涨幅第10，板块内，70股上涨，中芯国 际、上海新阳、屹唐股份等涨幅居前，分别上涨17.45%、13.10%、12.15%。跌幅居前的有盛剑科技、 天华新能、兴发集团等，分别下跌1.85%、1.44%、1.41%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 铜缆高速连接 | 5.61 | 转基因 | -1.81 | | 共封装光学(CPO) | 5.13 | 阿尔茨海默概念 | -1.07 | | F5G概念 | 5.12 | 重组蛋白 | -1.01 | | 光刻机 | 5.12 | 粮食概念 | -1.01 | | 国家大基金持股 | 4.40 | 猴痘概念 | -0.91 | | 光纤概念 | 4.26 | 动物疫苗 | -0.89 | | 6G概念 | 4.26 | 禽流感 | -0.89 | | 太赫兹 ...

Core Viewpoint - The National Big Fund's stock concept has seen a significant increase, with a rise of 4.40%, ranking fifth among concept sectors, indicating strong market interest and investment in this area [1][2]. Group 1: Market Performance - As of August 28, the National Big Fund's stock concept increased by 4.40%, with 45 stocks rising, including notable performers like Ruixin Microelectronics and Shenzhen South Circuit, which hit the daily limit [1]. - Key stocks in this sector include SMIC, which rose by 17.45%, Shengke Communication at 8.99%, and Zhongwei Company at 8.93% [1]. Group 2: Capital Inflow - The National Big Fund's stock concept experienced a net capital inflow of 3.966 billion yuan, with 26 stocks receiving net inflows, and 7 stocks exceeding 100 million yuan in net inflows [2]. - SMIC led the inflow with 2.489 billion yuan, followed by Northern Huachuang, Changdian Technology, and Chipone, with net inflows of 598.34 million yuan, 589.00 million yuan, and 449.10 million yuan respectively [2]. Group 3: Capital Flow Ratios - Chipone, Changdian Technology, and SMIC had the highest net inflow ratios, at 9.88%, 9.49%, and 9.18% respectively, indicating strong investor confidence in these companies [3].

Summary of Semiconductor Industry Conference Call Industry Overview - The conference call focuses on the **semiconductor industry in China**, particularly in the context of the **CHIPS Act** and its implications for capital expenditures (capex) and technology development [1][4][5]. Key Points Capital Expenditures (Capex) - China's semiconductor capex is projected to increase to **US$43 billion to US$46 billion** for the period **2025-2030**, up from previous estimates of **US$40 billion to US$44 billion** [4][16]. - A strong investment of **US$41 billion** was recorded in **2024**, representing a **19% year-over-year increase** [4][16]. - The investment focus is expected to shift towards **memory** and **advanced node technologies**, with local suppliers anticipated to contribute **26%** of wafer fabrication equipment procurement in **2025**, increasing to **36%** by **2030** [4][16]. Demand and Supply Chain Migration - The semiconductor supply chain in China is undergoing significant migration, with expansions in **CIS**, **automotive chips**, and **AI chips** [5]. - Local foundries and OSATs are enhancing their manufacturing technologies, driven by structural technology innovations and better services [5]. Lithography Demand - An estimated **2,261 additional lithography systems** will be required by **2035** to meet the projected chip demand in China, necessitating an investment of approximately **US$110 billion** [6][39]. - The breakdown of required lithography systems includes **212 EUVs**, **843 immersion DUVs**, and **2,564 dry DUV/UV systems** [39]. Market Dynamics - The semiconductor market in China is expected to see a **5% to 1%** growth in capex from **2025 to 2030**, driven primarily by foundries and memory players, which will account for about **80%** of the capex [16][22]. - Chinese semiconductor manufacturers are projected to capture **17%** of the semiconductor demand value in **2024**, increasing to **37%** by **2030** [33]. Equipment Market - The Wafer Fabrication Equipment (WFE) market in China is expected to reach **US$41 billion** by **2026**, with local suppliers increasing their market share from **17%** in **2024** to **36%** by **2027** [28][32]. - The growth in WFE revenues is attributed to the increasing semiconductor spending, with China expected to account for **37% to 38%** of global WFE spending in **2025-2027** [28]. Implications for Global Suppliers - US suppliers are expected to maintain a strong market share in China's WFE spending, despite facing challenges from local manufacturers and export controls [45]. - Japanese SPE manufacturers may see a gradual decline in their market share in China, although they will still benefit from the high capex environment [49]. Additional Insights - The semiconductor industry in China is characterized by a robust local ecosystem supported by ongoing technology development and a large home market [1][4]. - The demand for lithography systems is critical for meeting future chip production needs, highlighting the importance of investment in R&D and local manufacturing capabilities [6][39]. This summary encapsulates the key insights and projections regarding the semiconductor industry in China, emphasizing the growth in capital expenditures, the demand for advanced technologies, and the evolving dynamics of the supply chain.

Company Overview - Northern Huachuang Technology Group Co., Ltd. is located at 8 Wenchang Avenue, Economic and Technological Development Zone, Beijing, established on September 28, 2001, and listed on March 16, 2010 [1] - The company's main business involves the research, production, sales, and technical services of semiconductor basic products, with revenue composition: 92.86% from electronic process equipment, 7.02% from electronic components, and 0.12% from others [1] Stock Performance - As of August 28, Northern Huachuang's stock price increased by 2.02% to 381.04 CNY per share, with a trading volume of 904 million CNY and a turnover rate of 0.33%, resulting in a total market capitalization of 274.96 billion CNY [1] - Year-to-date, the stock price has risen by 31.92%, with a 5-day increase of 5.56%, a 20-day increase of 13.68%, and a 60-day increase of 20.03% [1] Financial Performance - For the period from January to March 2025, Northern Huachuang achieved operating revenue of 8.206 billion CNY, representing a year-on-year growth of 40.05%, and a net profit attributable to shareholders of 1.581 billion CNY, also reflecting a year-on-year growth of 40.31% [2] Shareholder Information - As of July 18, the number of shareholders for Northern Huachuang reached 69,500, an increase of 10.39% from the previous period, with an average of 10,374 circulating shares per person, a decrease of 9.41% [2] - Cumulative cash dividends since the A-share listing amount to 1.535 billion CNY, with 1.217 billion CNY distributed over the last three years [3] Institutional Holdings - As of March 31, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 47.6648 million shares, an increase of 15.8145 million shares from the previous period [3] - Huatai-PB CSI 300 ETF and Huaxia National Semiconductor Chip ETF have seen reductions in their holdings, with decreases of 218,800 shares and 345,600 shares, respectively [3]

当前，并购重组市场活跃度正加速提升，资本市场在并购重组中的主渠道特征更加凸显。 从地方国资到央企国企，从高端制造到算力芯片，从传统行业到科创企业，近期上市公司并购重组 案例频现。并购重组是推动资源优化配置的重要方式，也是上市公司提质增效的重要手段。相关支持政 策的出台，也是本轮并购重组活跃的重要推动力。 当前，并购重组市场呈现出前所未有的活跃态势。统计显示，今年1至7月，上市公司累计披露资产 重组超1000单，是去年同期的1.4倍，其中重大资产重组133单，是去年同期的2.7倍。 央企国企整合案例频现，越来越多的央企国企积极响应《关于深化上市公司并购重组市场改革的意 见》（以下简称"并购六条"）以及国务院国资委相关政策要求，加速推动企业内部优质资源进一步向控 股上市公司汇聚，支持控股上市公司围绕提高主业竞争优势、促进产业升级实施并购重组。例如，近期 中国神华披露了相关收购预案，拟购买控股股东旗下13家企业，收购完成后，中国神华将构建起一体化 的运营体系。此次中国神华重大重组，既是央企战略并购的体现，也是产业整合的实例。 央企国企通过并购重组提升资本市场对接和资源整合能力，加大对产业链公司的整合力度，合理提 升 ...

Group 1 - The core viewpoint of the news highlights the strong performance of the digital economy theme index and its related ETFs, indicating a bullish trend in the sector [1][2] - As of August 27, 2025, the CSI Digital Economy Theme Index (931582) rose by 3.41%, with significant gains in constituent stocks such as Zhongke Chuangda (300496) up 16.86% and Wealth Trend (688318) up 12.62% [1] - The digital economy ETF (560800) also saw a half-day increase of 3.30%, with a recent price of 1 yuan, and a weekly cumulative increase of 12.01% [1][2] Group 2 - The State Council has issued opinions on the implementation of the "Artificial Intelligence +" initiative, focusing on enhancing intelligent computing power and supporting AI chip innovation [2] - The report indicates that the investment in the computing power industry is entering a heated phase, with significant capital expenditure from domestic and international CSP giants directed towards AI computing power [2] - The digital economy ETF closely tracks the CSI Digital Economy Theme Index, which includes companies involved in digital economy infrastructure and high levels of digitalization [2][3] Group 3 - As of July 31, 2025, the top ten weighted stocks in the CSI Digital Economy Theme Index accounted for 50.74% of the index, with notable companies including Dongfang Caifu (300059) and Zhongxin International (688981) [3][4] - The top ten stocks showed varying performance, with Dongfang Caifu increasing by 1.15% and Zhongxin International by 5.47%, reflecting the overall positive trend in the index [4]

Core Viewpoint - The Bay Area Semiconductor Industry Ecological Expo (Bay Chip Expo 2025) aims to enhance international collaboration and resource integration in the semiconductor industry, showcasing cutting-edge technologies and fostering global partnerships [3][17]. Group 1: Event Overview - The second Bay Chip Expo will be held from October 15 to 17, 2025, at the Shenzhen Convention Center, focusing on semiconductor wafer manufacturing equipment, components, materials, advanced packaging, IC design, and third-generation semiconductors [3][18]. - The expo will serve as a platform for communication, trade, and international cooperation, expanding its reach beyond regional boundaries [3][17]. Group 2: International Participation - The expo will feature a significant increase in international exhibitors, with leading semiconductor companies from over 20 countries, including ASML, Applied Materials, Tokyo Electron, and others, showcasing innovations across the entire semiconductor value chain [4][6]. - Domestic leaders such as North Huachuang and Shanghai Microelectronics will also participate, highlighting the complementary nature of the global supply chain [6][11]. Group 3: High-Level Dialogues and Forums - The event will host high-level dialogues, including the 9th International Advanced Lithography Technology Seminar, focusing on key areas such as lithography equipment and process technology [8][10]. - A comprehensive academic exchange conference, the 2025 Chip Conference, will feature over 50 renowned scholars discussing significant advancements in chip science [8][10]. Group 4: Global Networking and Collaboration - The expo aims to strengthen global semiconductor industry networks by inviting key industry organizations from Japan, Singapore, and Malaysia to facilitate deep connections between international buyers and exhibitors [11][12]. - The event will also organize over 20 high-level forums addressing global semiconductor market dynamics and cross-border cooperation strategies [10][12]. Group 5: Future Prospects - The Bay Chip Expo is positioned to become a leading platform for technological innovation and industry collaboration, with a high renewal rate of exhibitors from the first event indicating strong market recognition [17]. - The expo's international characteristics will enhance the coupling of the semiconductor supply chain, creating greater value through global integration [17].

第1笔成交价格为383.00元，成交5.00万股，成交金额1,915.00万元，溢价率为0.00%，买方营业部为机 构专用，卖方营业部为中国中金财富证券有限公司天津滨海新区证券营业部。 8月26日，北方华创收涨0.77%，收盘价为383.00元，发生1笔大宗交易，合计成交量5万股，成交金额 1915万元。 责任编辑：小浪快报 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 进一步统计，近3个月内该股累计发生2笔大宗交易，合计成交金额为2116.18万元。该股近5个交易日累 计上涨12.66%，主力资金合计净流出1.44亿元。 ...

证券时报·数据宝统计显示，北方华创今日收盘价为383.00元，上涨0.77%，日换手率为1.62%，成交额 为44.54亿元，全天主力资金净流入5540.56万元，近5日该股累计上涨12.66%，近5日资金合计净流出 2.55亿元。 两融数据显示，该股最新融资余额为30.19亿元，近5日增加8.16亿元，增幅为37.02%。（数据宝） 8月26日北方华创大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 溢价（%） | 业部 | | | 5.00 | 1915.00 | 383.00 | 0.00 | 机构专 | 中国中金财富证券有限公司天津滨 | | | | | | 用 | 海新区证券营业部 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 北方华创8月26日大宗交易平台出现一笔成交，成交量5.00万股，成交金额1915.00万元，大宗交易成交 价为383.00元。该笔交易的买方营业部为机构专用，卖方营业部为中国中金财富 ...