证券代码：300054 证券简称：鼎龙股份 公告编号：2025-085 债券代码：123255 债券简称：鼎龙转债 湖北鼎龙控股股份有限公司 关于鼎龙转债回售的第二次提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 特别提示： 1、债券代码：123255 2、债券简称：鼎龙转债 3、回售价格：100.133 元/张（含息、税） 4、回售申报期：2025 年 12 月 1 日至 2025 年 12 月 5 日 5、发行人资金到账日：2025 年 12 月 10 日 6、回售款划拨日：2025 年 12 月 11 日 7、投资者回售款到账日：2025 年 12 月 12 日 8、回售申报期内"鼎龙转债"暂停转股 9、本次回售不具有强制性，"鼎龙转债"持有人有权选择是否进行回售 10、风险提示：投资者选择回售等同于以人民币 100.133 元/张（含息、税） 卖出持有的"鼎龙转债"。截至本公告披露日的前一交易日，"鼎龙转债"的 收盘价格高于本次回售价格，投资者选择回售可能会带来损失，敬请投资者注 意风险。 湖北鼎龙控股股份有限公司（以下简称"公司"、"鼎 ...

中证鹏元关于关注湖北鼎龙控股股份有限公司变更可转债 部分募投项目事项的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对湖 北鼎龙控股股份有限公司（以下简称"鼎龙股份"或"公司"，证券 代码：300054.SZ）及其发行的下述债券开展评级。除评级委托关系 外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行为独 立、客观、公正的关联关系。 中证鹏元资信评估股份有限公司 中证鹏元公告【2025】559 号 2 | 债券简称 | 上一次评级时间 | 上一次评级结果 | | | | --- | --- | --- | --- | --- | | | | 主体等级 | 债项等级 | 评级展望 | | 鼎龙转债 | 2025-7-25 | AA | AA | 稳定 | 根据公司公开披露的相关公告1，公司拟将鼎龙转债募投项目之 一的"光电半导体材料上游关键原材料国产化产业基地项目"（以下 简称"原募投项目"）部分尚未使用的 1.55 亿元募集资金用于"光 电半导体材料研发制造中心项目"（以下简称"新募投项目"），该 募集资金变更事项已经公司于 2025 年 11 月 21 日召开的 2025 年第 一次临时 ...

Core Viewpoint - Dinglong Co., Ltd. has shown a significant increase in stock price and financial performance, indicating strong market interest and growth potential in the semiconductor and printing consumables sectors [1][2]. Financial Performance - For the period from January to September 2025, Dinglong Co., Ltd. achieved a revenue of 2.698 billion yuan, representing a year-on-year growth of 11.23% [2]. - The net profit attributable to shareholders reached 519 million yuan, marking a year-on-year increase of 38.02% [2]. Stock Performance - As of December 1, Dinglong's stock price increased by 2.03%, reaching 35.61 yuan per share, with a total market capitalization of 33.723 billion yuan [1]. - The stock has appreciated by 37.38% year-to-date, with a 4.89% increase over the last five trading days [1]. Shareholder Information - As of November 10, the number of shareholders decreased by 13.95% to 37,000, while the average number of tradable shares per person increased by 16.24% to 19,904 shares [2]. - The company has distributed a total of 476 million yuan in dividends since its A-share listing, with 141 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, major institutional shareholders include Hong Kong Central Clearing Limited and E Fund's ChiNext ETF, both of which have reduced their holdings compared to the previous period [3].

Core Insights - The central theme emphasizes the strong support from the national level for private enterprises, reinforcing the idea that they are considered "one of their own" by the government [1] - The transformation of macro-level confidence into visible urban vitality in Wuhan is highlighted, showcasing various events and initiatives that reflect economic activity and innovation [1][2] - The significant growth of private enterprises in Wuhan, with over 115 million private companies contributing to the city's economic landscape, is underscored [2] Economic Performance - Wuhan's GDP reached 15,537.82 billion yuan in the first three quarters of 2025, marking a 5.6% year-on-year increase [2] - The private economy's added value surpassed 1 trillion yuan in 2024, indicating a historic milestone [2] - In 2025, Wuhan saw the establishment of 182,000 new private enterprises, the highest growth rate among sub-provincial cities in China [2] Structural Changes - The data reflects not just economic recovery but also a profound structural transformation within Wuhan's economy [2] - Emerging industries such as industrial robots and optoelectronic information experienced growth rates exceeding 70% [2] Government Initiatives - The Wuhan government is shifting from a traditional management role to a more efficient service-oriented approach, facilitating business operations [5][6] - Reforms such as "certificate separation" and "one-stop service" have streamlined processes for business registration, significantly reducing time and costs [6] Business Environment - The establishment of fair rules and trust is crucial for a healthy business environment, with initiatives like "double random, one public" regulation minimizing human intervention [7] - The government adopts a flexible enforcement philosophy, encouraging innovation and allowing for trial and error in business operations [7] Private Sector Growth - By mid-2025, the total number of private enterprises in Wuhan exceeded 1.15 million, making it the fifth sub-provincial city in China to surpass one million [8] - A diverse ecosystem of private enterprises is emerging, ranging from traditional giants to innovative "hidden champions" and "unicorns" [8][9][10] Globalization of Enterprises - Wuhan's private enterprises are evolving from merely exporting products to integrating technology, models, and supply chains on a global scale [11] - Companies like Jianyi Technology and Jiachen Electronics are successfully entering international markets with innovative products and collaborative research [11][12] Urban and Enterprise Synergy - The relationship between the city and enterprises is characterized by mutual growth, with private enterprises contributing significantly to local tax revenue and employment [13][14] - The supportive environment provided by the city fosters innovation and risk-taking among businesses, leading to a vibrant economic landscape [14]

Core Viewpoint - Dinglong Co., Ltd. is positioned as a leading platform enterprise in key innovative materials within the semiconductor manufacturing sector, focusing on CMP process materials, wafer photoresists, semiconductor display materials, and advanced packaging materials, while not currently engaging in the development of PCB substrates and copper-clad laminates related to NVIDIA's M9 materials [2] Company Focus - The company emphasizes its commitment to its core business areas and will continue to monitor technological advancements and market opportunities in the semiconductor materials industry [2] - Dinglong Co., Ltd. plans to explore potential expansions into related fields in the future, leveraging its technological reserves and R&D capabilities [2] Long-term Value Creation - The company aims to create long-term value for its investors by aligning its strategic focus with industry developments and opportunities [2]

Core Insights - Dinglong Co., Ltd. has successfully validated two high-end wafer photoresists with major domestic wafer manufacturers and has received orders for them [1] - The first phase of the Qianjiang production line has a capacity of 30 tons for KrF/ArF high-end wafer photoresists and is capable of mass production to meet current client orders [1] - By the third quarter of 2025, the company plans to have nearly 30 high-end wafer photoresists, with over 15 samples validated and more than 10 entering gallon sample testing [1] Production Capacity - The Qianjiang photoresist production base's first phase is running smoothly with an annual production capacity of 30 tons for KrF/ArF high-end wafer photoresists [1] - The second phase, which will have an annual production capacity of 300 tons for KrF/ArF high-end wafer photoresists, is nearing completion with successful equipment debugging [1] Market Strategy - The company aims to continuously enhance the production capacity of photoresist lines and validate products to accelerate the commercialization process of high-end wafer photoresists [1] - The goal is to further increase the market share of the photoresist business [1]

Market Overview - The electronic chemicals sector increased by 1.41% on November 28, with Shanghai Xinyang leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Top Performers - Shanghai Xinyang (300236) closed at 57.04, up 5.47% with a trading volume of 136,500 shares and a transaction value of 770 million [1] - Anji Technology (610889) closed at 201.80, up 5.26% with a trading volume of 35,400 shares and a transaction value of 699 million [1] - Dinglong Co., Ltd. (300054) closed at 34.90, up 4.90% with a trading volume of 233,500 shares and a transaction value of 803 million [1] Underperformers - Sanping Xinke (688389) closed at 79.40, down 5.02% with a trading volume of 35,800 shares and a transaction value of 289 million [2] - Glinda (603931) closed at 34.22, down 1.55% with a trading volume of 179,000 shares and a transaction value of 609 million [2] - Xilong Science (002584) closed at 8.96, down 1.10% with a trading volume of 316,500 shares and a transaction value of 283 million [2] Fund Flow Analysis - The electronic chemicals sector experienced a net outflow of 288 million from institutional investors, while retail investors saw a net inflow of 252 million [2] - The sector's overall fund flow indicates a mixed sentiment, with institutional selling and retail buying [2] Individual Stock Fund Flow - Zhongshi Technology (300684) had a net outflow of 31.07 million from institutional investors, while retail investors had a net outflow of 30.07 million [3] - Sanping Xinke (688389) saw a net inflow of 14.30 million from institutional investors but a net outflow of 25.55 million from retail investors [3] - Anji Technology (688545) had a net inflow of 6.91 million from institutional investors, while retail investors experienced a net outflow of 4.00 million [3]

Core Viewpoint - The company has successfully validated two high-end wafer photoresist products with major domestic wafer manufacturers and has received orders, indicating a positive trend towards mass production and commercialization of its photoresist products [1]. Group 1: Product Development and Production Capacity - The company has established a production line capable of producing 30 tons of KrF/ArF high-end wafer photoresist annually, which is currently operational and meets client order demands [1]. - As of the third quarter of 2025, the company has nearly 30 high-end wafer photoresist products in development, with over 15 products undergoing sample validation and more than 10 products in gallon sample testing [1]. Group 2: Future Plans and Market Strategy - The second phase of the photoresist production base is nearing completion, with a planned annual production capacity of 300 tons of KrF/ArF high-end wafer photoresist, and equipment debugging is progressing smoothly [1]. - The company aims to continue enhancing production capacity and product validation to accelerate the commercialization process of high-end wafer photoresist, thereby increasing its market share in the photoresist business [1].

Core Viewpoint - Dinglong Co., Ltd. has successfully validated two high-end wafer photoresists with major domestic wafer manufacturers and received orders, indicating a strong market demand for its products [1] Group 1: Product Development and Production Capacity - The company has established a production line in Qianjiang with an annual capacity of 30 tons for KrF/ArF high-end wafer photoresists, which is now capable of mass production and supply [1] - By the third quarter of 2025, the company plans to have nearly 30 high-end wafer photoresists in its portfolio, with over 15 samples validated and more than 10 entering gallon sample testing [1] Group 2: Future Plans and Market Strategy - The company aims to continue enhancing the production capacity of its photoresist lines and expedite the commercialization process of high-end wafer photoresists to increase its market share in the industry [1] - The second phase of the Qianjiang photoresist production base, which will have an annual production capacity of 300 tons for KrF/ArF high-end wafer photoresists, is nearing completion and equipment debugging is progressing smoothly [1]

Core Viewpoint - Dinglong Co., Ltd. is positioned as a leading platform enterprise in key innovative materials in China, focusing on products applicable to storage chip manufacturing [1] Group 1: Product Offerings - The company has developed multiple products for storage chip manufacturing, including CMP polishing materials such as polishing pads, polishing liquids, and cleaning liquids, which are essential consumables in wafer manufacturing [1] - The company has laid out nearly 30 types of high-end wafer photoresists applicable to storage chip manufacturing, with over 15 products already sent for sample verification [1] - Advanced packaging materials, including semiconductor packaging PI for bumping and redistribution layer (RDL) processes, as well as temporary bonding adhesives for ultra-thin wafer thinning processes, are also part of the company's offerings, suitable for advanced packaging of storage chips [1] Group 2: Market Position - As a leading semiconductor materials enterprise in China, the company's core products have been applied and are in stable mass production supply at several mainstream wafer manufacturers in the country [1] - The company refrains from disclosing specific customer cooperation details due to commercial confidentiality principles [1]