北方华创科技集团股份有限公司 董事离职管理制度 （2025 年 10 月 30 日，经第八届董事会第二十八次会议审议通过） 第一章 总 则 第一条 为规范北方华创科技集团股份有限公司（以下简称"公司"）董事离 职程序，确保公司治理结构的稳定性和连续性，维护公司及股东的合法权益，公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）《上市公司章程指引》《深圳证 券交易所股票上市规则》等法律法规、规范性文件和《北方华创科技集团股份有 限公司章程》（以下简称《公司章程》）有关规定，结合公司实际情况，制定本办法。 第二条 本办法适用于公司全体董事的辞任、任期届满、解任等离职情形。 第三条 公司高级管理人员参照本办法执行。 第二章 离职情形与生效条件 第四条 董事可以在任期届满以前辞任。董事辞任应当向公司提交书面辞职报 告。公司收到辞职报告之日辞任生效。公司将在两个交易日内披露有关情况。 出现下列规定情形的，在改选出的董事就任前，原董事仍应当按照有关法律 法规、规范性文件和《公司章程》的规定继续履行职责： （一）董事任期届满未及时改选，或者董事在任期内辞任导致董事会成员低 于法定最低人数； （二）审计委员会成员辞 ...

北方华创科技集团股份有限公司 董事会提名委员会工作细则 （2025 年 10 月 30 日，经第八届董事会第二十八次会议审议通过） 第一章 总则 第一条 为加强北方华创科技集团股份有限公司（以下简称"公司"）董事会提 名委员会规范运作，优化董事会组成，完善公司治理结构，根据《中华人民共和国 公司法》（以下简称"《公司法》"）、《上市公司治理准则》、《上市公司独立董事管 理办法》、《北方华创科技集团股份有限公司章程》（以下简称"《公司章程》"） 及其他有关法律法规的规定，特制定本细则。 第二条 提名委员会是董事会下设的专门工作机构，对董事会负责并报告工作， 主要负责拟订公司董事和高级管理人员的选择标准和程序，对董事、高级管理人员 人选及其任职资格进行遴选、审核并向董事会提出建议。 第二章 人员组成 第三条 提名委员会成员由五名董事组成，其中独立董事应过半数。 第四条 提名委员会委员由董事长、过半数独立董事或者全体董事的三分之一以 上提名，并由董事会选举产生。 提名委员会设主任委员（召集人）一名，由独立董事委员担任，负责主持委员 会工作；主任委员由董事长提名，在委员内选举产生，并报董事会备案。 第五条 提名委员会 ...

北方华创科技集团股份有限公司 董事和高级管理人员所持本公司股份及其变动管理制度 （2025 年 10 月 30 日，经第八届董事会第二十八次会议审议通过） 第一章 总则 第一条 为加强对北方华创科技集团股份有限公司（以下简称"公司"或"本公司"） 董事和高级管理人员所持本公司股份及其变动的管理，进一步明确相关办理程序， 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》"）、《上市公司董事和高级管理人员所持本公司股份及其变 动管理规则》《深圳证券交易所上市公司自律监管指引第 10 号——股份变动管理》《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等相关法 律法规、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》"）的有关规定，特制订本制度。 第二章 信息申报与披露 第四条 公司董事和高级管理人员计划通过深圳证券交易所（以下简称"深交所"） 集中竞价交易或者大宗交易方式转让股份的，应当在首次卖出前十五个交易日向深 交所报告并披露减持计划。 第二条 本公司董事和高级管理人员应当遵守本制度，其所持本公司股份是 ...

第四条 公司的关联交易应当遵循以下基本原则： （一） 公司与关联人之间的关联交易应签订书面协议，协议的签订应当遵 循平等、自愿、等价、有偿的原则； 北方华创科技集团股份有限公司 关联交易管理制度 （2025 年 10 月 30 日，经第八届董事会第二十八次会议审议通过） 第一章 总则 第一条 为规范北方华创科技集团股份有限公司（以下简称"公司"）的关 联交易，保证关联交易的公平合理，维护公司和股东的利益，根据《中华人民共 和国公司法》、《中华人民共和国证券法》、《深圳证券交易所股票上市规则》、 《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 《深圳证券交易所上市公司自律监管指引第 7 号——交易与关联交易》等法律法 规、《北方华创科技集团股份有限公司章程》（以下简称"《公司章程》"）以 及其他有关规范性文件的规定，结合公司实际情况，制定本制度。 第二条 关联交易是指公司及其控股子公司与关联人发生的转移资源或义务 的事项，不论是否收受价款。 第三条 公司的控股子公司在与公司关联人可能发生或已经发生关联交易事 项时应严格按照《北方华创科技集团股份有限公司重大信息内部报告制度》履行 相关报 ...

北方华创科技集团股份有限公司 2025 年第三季度报告 证券代码：002371 证券简称：北方华创 公告编号：2025-061 北方华创科技集团股份有限公司 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 是 否 二、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 是 否 追溯调整或重述原因 同一控制下企业合并 2025年第三季度报告 一、重要提示 | | 本报告期 | 上年同期 | | 本报告期 比上年同 | 年初至报 | 上年同期 | | 年初至报 告期末比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 期增减 | 告期末 | | | 上年同期 | | | | | | | | | | 增减 | | | | 调整前 | 调整后 | ...

Core Insights - The article highlights the diverse investment strategies of fund managers as they disclose their third-quarter reports for 2025, focusing on their portfolio adjustments and sector allocations [1][3]. Fund Manager Strategies - Fund managers are adopting varied investment strategies, with some focusing on long-term investments in the consumer market, while others are capitalizing on opportunities in the pharmaceutical and artificial intelligence sectors [3]. - The top three sectors with the highest allocation weights in the third-quarter reports are electronics (23.93%), power equipment and new energy (10.27%), and pharmaceuticals (9.81%) [3]. Notable Fund Performance - Zhang Kun's funds, including E Fund Blue Chip Select Mixed and E Fund Quality Select Mixed, saw net asset growth, with respective net growth rates of 16.37% and 17.58% in the third quarter [4][5]. - The largest fund managed by Zhang Kun, E Fund Blue Chip Select Mixed, replaced SF Express with Focus Media in its top ten holdings and increased positions in Kweichow Moutai and Baisheng China [4][5]. Pharmaceutical Sector Insights - Guo Lan, recognized as a leading figure in the medical sector, reported a net growth rate of 59.1% for her fund, with significant holdings in companies like Kanglong Chemical and Bai Li Tianheng [6][7]. - Guo Lan emphasized that quality and innovation are crucial trends in the pharmaceutical industry, with a focus on the synergy between enterprise innovation and supportive policies [7]. AI and Technology Focus - Xie Zhiyu's fund, Xingquan He Run, increased its investments in AI-related companies, adding four new top holdings in sectors like optical modules and PCB [8][9]. - The fund's net growth rate reached 36.16%, reflecting a strong performance amid a focus on AI and semiconductor investments [9]. Future Outlook - The article suggests that the global cloud computing industry remains a key area of focus, with AI models gaining value and driving new market opportunities [12][13]. - The anticipated growth in the AI computing sector is expected to create more opportunities across the industry chain, particularly in optical communication and PCB sectors [13].

Summary of North China Huachuang Conference Call Company Overview - North China Huachuang is a leading domestic semiconductor equipment manufacturer, benefiting from accelerated localization. The company covers all front-end process equipment except for photolithography and measurement devices. By the first half of 2025, the semiconductor business accounted for 94.53% of total revenue [2][3][5]. Financial Performance - From 2020 to 2024, the company's revenue compound annual growth rate (CAGR) is 49%, with net profit CAGR at 80%. By 2024, net profit is expected to reach 5.6 billion yuan. Gross margin remains stable at around 42%, while net margin exceeds 18% and is increasing annually [2][5]. - The company maintains inventory levels that correspond to over one year of revenue, indicating strong sales performance. Contract liabilities typically range between 5 billion to 9 billion yuan, with 70-80% of orders being integrated circuit (IC) contracts [5]. Market Dynamics - The global semiconductor equipment market is projected to reach $117.1 billion in 2024, with a 10% year-on-year growth. China's demand is expected to account for 42% of this market, growing by 35% year-on-year [6][7]. - Manufacturing equipment constitutes about 80% of the market, with capital expenditures in advanced processes like 16/14 nm reaching 85% [6][7]. Capacity and Localization - China's 12-inch wafer capacity is expected to grow by 15% in 2024, reaching approximately 8.85 million wafers, and further expanding to over 10 million wafers by 2025, representing over 30% of global capacity [8]. - The localization rate for mature process etching equipment is around 50%, while advanced processes are below 15%. The localization rates for thin film deposition equipment are approximately 20% for mature processes and below 10% for advanced processes [8][9]. Competitive Position - North China Huachuang holds a leading position in the domestic semiconductor industry, being a preferred supplier for many major manufacturers. The company focuses on etching and thin film deposition equipment, with significant market share potential [10][11]. - The company has made notable advancements in etching equipment, with over 3,500 units sold. In the thin film deposition sector, it has over 40 PVD and 30 CVD models, serving more than 50 clients [11][12]. Future Outlook - Short-term revenue growth is expected to remain between 25% and 30%, with net profit growth potentially reaching around 35%. Long-term growth is projected to stabilize around 25% as the company aims to maintain its leading position in the industry [14]. - Key catalysts for stock price growth include government support for domestic equipment, changes in international trade policies, and increased demand for localization among domestic foundries [15]. Risks and Challenges - The company faces competition in the smart home market from emerging domestic firms and potential underperformance in domestic foundry expansion plans. Changes in international trade rules could also negatively impact reliance on overseas components [17]. Conclusion - North China Huachuang is well-positioned to capitalize on the growth of the semiconductor industry, with strong financial performance, a leading market position, and significant growth potential in the coming years. However, it must navigate competitive and regulatory challenges to sustain its trajectory.

Core Points - The State-Owned Enterprise Reform Index (399974) closed at 1930.82 points, up 0.92%, with a trading volume of 1640.27 billion yuan and a turnover rate of 0.79% [1] - Among the index constituents, 70 stocks rose, with Western Superconducting leading with a 9.34% increase, while 27 stocks fell, with Postal Savings Bank leading the decline at 2.14% [1] Index Constituents Summary - The top ten constituents of the State-Owned Enterprise Reform Index include: - Zijin Mining: 3.46% weight, latest price 30.96, up 3.75%, market cap 8228.42 billion yuan [1] - Northern Huachuang: 3.02% weight, latest price 423.62, down 0.56%, market cap 3067.38 billion yuan [1] - CITIC Securities: 2.94% weight, latest price 30.30, up 1.00%, market cap 4490.63 billion yuan [1] - Changjiang Electric Power: 2.80% weight, latest price 28.29, down 0.60%, market cap 6922.06 billion yuan [1] - Taihai Co.: 2.80% weight, latest price 19.43, up 3.19%, market cap 3425.30 billion yuan [1] - China Merchants Bank: 2.75% weight, latest price 40.77, down 2.00%, market cap 10282.13 billion yuan [1] - Wuliangye: 2.72% weight, latest price 118.83, down 1.06%, market cap 4612.51 billion yuan [1] - Zhongke Shuguang: 2.69% weight, latest price 114.33, up 0.73%, market cap 1672.78 billion yuan [1] - Industrial Bank: 2.67% weight, latest price 20.01, down 2.01%, market cap 4234.69 billion yuan [1] - China Shipbuilding: 2.41% weight, latest price 36.73, up 0.30%, market cap 2764.16 billion yuan [1] Capital Flow Summary - The net capital flow for the index constituents showed a total net outflow of 3.6 billion yuan from main funds and 7.45 billion yuan from speculative funds, while retail investors had a net inflow of 11.05 billion yuan [3] - Key capital flow details include: - Zijin Mining: Main net inflow of 9.96 million yuan, speculative net outflow of 3.35 million yuan, retail net outflow of 6.61 million yuan [3] - Inspur Information: Main net inflow of 4.27 million yuan, speculative net outflow of 1.33 million yuan, retail net outflow of 2.94 million yuan [3] - China Aluminum: Main net inflow of 3.83 million yuan, speculative net outflow of 1.05 million yuan, retail net outflow of 2.78 million yuan [3] - TCL Zhonghuan: Main net inflow of 3.17 million yuan, speculative net outflow of 1.27 million yuan, retail net outflow of 1.91 million yuan [3]

Core Insights - The digital economy is being elevated as a core national strategy under the "14th Five-Year Plan," focusing on market-oriented data reforms, industrial internet upgrades, AI integration across industries, and governance of platform economies [1][2] - The digital economy ETF has shown positive performance, with a 0.65% increase, and significant trading volume, indicating strong market interest [1][2] - The potential market size for data transactions is projected to exceed 200 billion yuan by 2025, driven by AI as a core growth engine [1][2] Industry Developments - The current policy environment is seen as a golden period for realizing the benefits of the digital economy, with substantial funding for domestic computing power projects and industrial internet transformation orders expected to generate over 1.2 trillion yuan in annual output [2] - The revaluation potential of data assets could reach up to 45% of corporate net assets, creating historic opportunities for capital market valuation [2] - The competition for AI chip resources among tech giants is intensifying, with Chinese companies increasingly seeking to reduce reliance on foreign computing power [2] Index Performance - As of September 30, 2025, the top ten weighted stocks in the CSI Digital Economy Theme Index accounted for 54.31% of the index, indicating a concentrated investment in key players [3] - The leading stocks include Dongfang Caifu, SMIC, and Cambrian, reflecting a focus on companies with significant roles in the digital economy [3][5]

Core Viewpoint - The semiconductor ETF (159813) opened with a slight decline of 0.17%, indicating a cautious market sentiment towards semiconductor stocks [1] Group 1: ETF Performance - The semiconductor ETF (159813) opened at 1.200 yuan [1] - Since its establishment on April 17, 2020, the ETF has achieved a return of 80.21% [1] - The ETF's performance over the past month has been a return of 2.50% [1] Group 2: Major Holdings - Key stocks within the semiconductor ETF include: - Cambrian (跌1.26%) - SMIC (跌0.52%) - Haiguang Information (跌0.27%) - Northern Huachuang (跌0.00%) - Lanke Technology (跌0.24%) - Zhaoyi Innovation (涨0.00%) - Zhongwei Company (跌0.93%) - OmniVision (跌1.27%) - Changdian Technology (跌0.62%) - Unisoc (涨0.01%) [1]