证券日报网讯11月17日晚间，雅克科技（002409）发布公告称，经公司职工代表大会决议，一致同意选 举曹恒先生为公司第六届董事会职工代表董事。 ...

证券代码：002409 证券简称：雅克科技 公告编号：2025-037 江苏雅克科技股份有限公司 关于选举第六届董事会职工代表董事的公告 特别提示：本公司及全体董事、监事、高级管理人员保证公告内容真实、准 确和完整，不存在虚假记载、误导性陈述或者重大遗漏。 为进一步完善江苏雅克科技股份有限公司（以下简称"公司"或者"本公司"） 的治理结构，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《江苏雅 克科技股份有限公司章程》（以下简称"《公司章程》"）等相关规定， 经公司职 工代表大会决议，一致同意选举曹恒先生（简历附后）为公司第六届董事会职工 代表董事，任期自本次职工代表大会审议通过之日起至第六届董事会任期届满止。 经审查，曹恒先生符合《公司法》等法律法规及《公司章程》规定的有关董 事的任职资格和条件。本次选举完成后，曹恒先生将担任职工代表董事，并与公 司其他董事共同组成公司第六届董事会。 曹恒先生担任职工代表董事后，公司第六届董事会中兼任公司高级管理人员 以及由职工代表担任的董事人数，总计未超过公司董事总数的二分之一，符合《公 司法》等法律法规及《公司章程》的规定。 特此公告。 江苏雅克科技股份有限公 ...

证券代码：002409 证券简称：雅克科技 公告编号：2025-036 特别提示：本公司及全体董事、监事、高级管理人员保证公告内容真实、准 确和完整，不存在虚假记载、误导性陈述或者重大遗漏。 特别提示： 1、公司于2025年10月31日在《证券时报》及指定信息披露网站巨潮资讯网 上刊登了《江苏雅克科技股份有限公司关于召开2025年第二次临时股东会的通 知》。 2、本次股东会无否决或修改提案的情况，无新提案提交表决的情况，也无 涉及变更前次股东会决议的情况。 3、本次股东会以现场投票和网络投票相结合的方式召开。 一、会议召开情况 1、会议召开时间： 现场会议时间：2025年11月17日（星期一）下午13:30。 江苏雅克科技股份有限公司 2025年第二次临时股东会决议公告 网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年11月17 日上午9:15-9:25，9:30－11:30，下午13:00－15:00；通过深圳证券交易所互联 网投票系统投票的具体时间为：2025年11月17日上午9:15至下午15:00期间的任 意时间。 2、会议方式：本次股东会采取现场投票和网络投票相结合的方 ...

中国 上海 山西北路 99 号苏河湾中心 25-28 层 邮编：200085 电话: (8621) 5234-1668 传真: (8621) 5243-3320 网址：http://www.grandall.com.cn 股东会法律意见书 国浩律师（上海）事务所 关于江苏雅克科技股份有限公司 2025 年第二次临时股东会的法律意见书 致：江苏雅克科技股份有限公司 江苏雅克科技股份有限公司（以下简称"公司"）2025 年第二次临时股东 会现场会议于 2025 年 11 月 17 日（星期一）下午 13:30 在江苏省宜兴市经济技 术开发区荆溪北路 88 号公司会议室召开。国浩律师（上海）事务所（以下简称 "本所"）接受公司的委托，指派林琳律师、米豪律师（以下简称"本所律师"） 出席会议并见证。现依据《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》"）和《江苏雅克科技股份有限 公司章程》（以下简称"《公司章程》"）出具本法律意见书。 本所律师按照有关法律、法规及规范性文件的规定对本次临时股东会的召集、 召开程序是否合法及是否符合《公司章程》的规定、出席会议人员资 ...

基础化工 | 证券研究报告 — 行业周报 2025 年 11 月 16 日 化工行业周报 20251116 海外天然气价格、六氟磷酸锂价格上涨，蛋氨酸 价格下跌 十一月份建议关注：1、"十五五"规划建议提及相关子行业；2、低估值行业龙头公司；3、 "反内卷"对相关子行业供给端影响；4、自主可控日益关键背景下的电子材料公司。 行业动态 投资建议 风险提示 地缘政治因素变化引起油价大幅波动；全球经济形势出现变化。 相关研究报告 《化工行业周报 20251109》20251110 《化工行业周报 20251102》20251104 《化工行业"十五五"规划建议学习体会》 20251028 中银国际证券股份有限公司 具备证券投资咨询业务资格 基础化工 证券分析师：余嫄嫄 (8621)20328550 yuanyuan.yu@bocichina.com 证券投资咨询业务证书编号：S1300517050002 证券分析师：范琦岩 qiyan.fan@bocichina.com 证券投资咨询业务证书编号：S1300525040001 强于大市 本周（11.10-11.16）均价跟踪的 100 个化工品种中，共有 42 个品 ...

| 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 688525 | 佰维存储 | 1 | -11.03 | 593亿 | 104.92 | | 300302 | 同有科技 | 1 | -9.78 | 109亿 | 44.54 | | 688123 | 聚辰股份 | 1 | -9.65 | 227亿 | 145.61 | | 688766 | 普朗股份 | 1 | -8.98 | 225亿 | 111.10 | | 301308 | 江波龙 | 1 | -8.89 | 1246亿 | 245.60 | | 002119 | 康賀由子 | 1 | -8.75 | 67.74亿 | 16.82 | | 002654 | 万润科技 | 4 | -8.68 | 133亿 | 29.27 | | 603986 | 兆易创新 | 4→ | -7.99 | 1397亿 | 96.55 | | 688416 | 恒炼股份 | 1 | -7.78 | 50.06亿 | 54.77 | | 300223 | 北京君正 | 1 ...

Core Insights - The report highlights a potential rotation in consumer styles, driven by a recovery in CPI and favorable profit-valuation comparisons, suggesting that consumer sectors may experience a rebound [6][2][7] Company Summaries 1. China Eastern Airlines (600115.SH) - Notable inclusion in the November stock selection list, indicating positive sentiment towards the airline sector [1] 2. Baijiu Industry - The baijiu industry is experiencing a significant decline, with revenue and net profit growth rates of -5.8% and -6.9% respectively for the first three quarters of 2025. The third quarter saw a sharper decline with revenue and net profit growth rates of -18.5% and -22.1% respectively. The industry is transitioning from "over-competition" to "orderly competition" as companies reduce channel expenses to stabilize prices [8][7] 3. Baijun Medical (佰仁医疗) - The company reported a revenue of 382 million yuan for the first three quarters of 2025, a year-on-year increase of 30.58%. The net profit attributable to shareholders was 93 million yuan, up 57.93%. The third quarter alone saw a revenue of 134 million yuan, a 31.54% increase year-on-year, although net profit decreased by 9.39% [3][11][12] 4. Food and Beverage Sector - The food and beverage industry is expected to recover due to policies aimed at boosting consumer spending and improving macroeconomic data. The report notes that the core CPI has shown signs of recovery, with September and October figures at 1.0% and 1.2% respectively, indicating a positive trend in consumer prices [7][2][6] 5. Frozen Food and Beer Sectors - The frozen food sector is closely linked to the restaurant industry, with leading companies showing significant recovery as they adapt to market changes. The beer sector, while still facing challenges, is expected to benefit from the recovery in restaurant consumption in 2026 [9][8] 6. Consumer Spending - The report emphasizes that improving consumer spending is a key goal in the "14th Five-Year Plan," with a focus on enhancing domestic demand as a primary driver of economic growth. The contribution of final consumption expenditure to GDP growth has been higher than that of capital formation in recent years [7][6] 7. Research and Development in Baijun Medical - Baijun Medical has increased its R&D investment, with 118 million yuan spent in the first three quarters, accounting for 30.81% of its revenue. The company has several products in the approval process, which are expected to contribute to future growth [13][12][11]

Core Insights - The semiconductor photoresist industry is crucial for chip manufacturing, directly impacting chip resolution, yield, and cost, and is characterized by high technical barriers [1][2] - China is prioritizing the development of photoresists through multi-dimensional policy support, aiming for a market size of approximately $13.46 billion by 2024 [1][8] - Domestic companies are forming a multi-tiered industrial structure, with leading firms like Nanda Optoelectronics and Tongcheng New Materials achieving mass production and integration into supply chains [1][12] Industry Overview - Semiconductor photoresists, also known as photoresists, are materials that change solubility when exposed to radiation, playing a key role in accurately transferring circuit patterns onto wafers [2][3] - The market for semiconductor materials in China is projected to reach $13.46 billion in 2024, with a growth rate of approximately 2.85% [8][12] Policy Support - The Chinese government has established a comprehensive policy framework to support the semiconductor industry, including tax incentives and application demonstrations, to accelerate the development of photoresists [5][6] - Key policy documents include the "14th Five-Year Plan for the Development of Raw Materials Industry" and the "Action Plan for Stable Growth of Electronic Information Manufacturing Industry 2025-2026" [6][8] Industry Chain - The semiconductor photoresist industry chain in China is characterized by strong collaboration across upstream, midstream, and downstream sectors, with a clear path towards domestic production [6][8] - Domestic companies have achieved high self-sufficiency in mid-to-low-end raw materials, while high-end materials still require breakthroughs [6][10] Market Dynamics - The demand for high-end photoresists is increasing as chip manufacturing processes advance, with the market for photoresists expected to reach approximately 5.63 billion yuan in 2024 [12][14] - The domestic market is seeing a shift towards local alternatives, with KrF photoresists becoming the mainstay for mid-to-high-end applications and ArF photoresists achieving significant breakthroughs [12][14] Competitive Landscape - The global photoresist market is dominated by foreign giants, with Japanese and American companies holding about 87% of the market share [12][14] - Domestic companies are gradually increasing their market share in mature processes, with firms like Nanda Optoelectronics leading in ArF photoresists and Tongcheng New Materials dominating KrF photoresists [14][16] Future Trends - The semiconductor photoresist industry in China is expected to evolve along three main lines: technological breakthroughs, ecological collaboration, and competitive restructuring [15][16] - Future developments will focus on enhancing the performance of KrF and ArF photoresists, advancing EUV photoresist technology, and fostering vertical integration within the industry [15][16]

Core Insights - On November 11, 2023, Yake Technology's stock fell by 2.10%, with a trading volume of 2.061 billion yuan [1] - The company reported a financing buy amount of 224 million yuan and a financing repayment of 301 million yuan, resulting in a net financing outflow of 76.759 million yuan [1] - As of November 11, the total margin balance for Yake Technology was 1.633 billion yuan [1] Financing Summary - On the same day, Yake Technology's financing buy was 224 million yuan, with a current financing balance of 1.614 billion yuan, accounting for 4.26% of its market capitalization [1] - The financing balance is above the 90th percentile level for the past year, indicating a high level of financing activity [1] Securities Lending Summary - On November 11, Yake Technology repaid 2,000 shares in securities lending and sold 1,500 shares, with a selling amount of 119,500 yuan based on the closing price [1] - The remaining securities lending volume was 233,000 shares, with a balance of 18.562 million yuan, also exceeding the 90th percentile level for the past year [1] Company Overview - Yake Technology, established on October 29, 1997, and listed on May 25, 2010, is located in Yixing Economic Development Zone, Jiangsu Province [2] - The company's main business includes R&D, production, and sales of electronic materials, LNG insulation materials, and flame retardants [2] - The revenue composition includes semiconductor chemical materials (49.23%), LNG insulation composite materials (27.13%), LNG engineering installation (7.91%), and other segments [2] Financial Performance - For the period from January to September 2025, Yake Technology achieved a revenue of 6.467 billion yuan, representing a year-on-year growth of 29.36% [2] - The net profit attributable to the parent company was 796 million yuan, with a year-on-year increase of 6.33% [2] Shareholder Information - As of September 30, 2025, Yake Technology had 61,500 shareholders, an increase of 13.91% from the previous period [3] - The average circulating shares per person decreased by 12.21% to 5,179 shares [3] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with notable changes in their holdings [3]

Core Viewpoint - The stock of Yake Technology has shown significant growth this year, with a 44.81% increase, reflecting strong performance in the semiconductor materials sector [1][2]. Company Overview - Yake Technology, established on October 29, 1997, and listed on May 25, 2010, is located in Yixing Economic Development Zone, Wuxi, Jiangsu Province. The company specializes in the research, production, and sales of electronic materials, LNG insulation materials, and flame retardants [1]. - The main revenue sources for Yake Technology include semiconductor chemical materials and photoresists (49.23%), LNG insulation composite materials (27.13%), LNG engineering installation (7.91%), electronic specialty gases (4.56%), LDS equipment (3.17%), flame retardants (3.15%), spherical silica powder (2.99%), and other businesses (1.88%) [1]. Financial Performance - For the period from January to September 2025, Yake Technology achieved a revenue of 6.467 billion yuan, representing a year-on-year growth of 29.36%. The net profit attributable to shareholders was 796 million yuan, with a year-on-year increase of 6.33% [2]. - Since its A-share listing, Yake Technology has distributed a total of 1.156 billion yuan in dividends, with 752 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Yake Technology had 61,500 shareholders, an increase of 13.91% from the previous period. The average number of tradable shares per shareholder was 5,179, a decrease of 12.21% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 8.6671 million shares, a decrease of 7.7969 million shares from the previous period. The Southern CSI 500 ETF held 4.1460 million shares, down by 82,700 shares, while the Guotai CSI Semiconductor Materials and Equipment Theme ETF entered the top ten with 3.0082 million shares [3].