Group 1 - The core point of the article is that 聚光科技 (Juguang Technology) announced the lifting of the freeze on a portion of shares held by its controlling shareholder, 睿洋科技 (Ruiyang Technology), which had previously frozen approximately 56.27 million shares, accounting for 99.97% of Ruiyang's holdings and 12.54% of the company's total equity [1] Group 2 - For the first half of 2025, the revenue composition of 聚光科技 is as follows: instruments and related software and consumables account for 69.24%, operational services and testing services and consulting services account for 16.42%, environmental governance equipment and engineering account for 10.46%, and other businesses account for 3.87% [1] - As of the announcement date, the market capitalization of 聚光科技 is 7.4 billion yuan [1]

公司于近日接到本公司控股股东之一睿洋科技的通知，获悉睿洋科技所持有 本公司的部分股份解除冻结及被冻结，具体情况如下： 一、股东股份解除冻结及被冻结基本情况 | 股东名称 | 是否为控股 股东或第一 大股东及其 | 本次解除 冻结股份 | 占其所 持股份 | 占公司总股 本比例 | 起始日 | 解除日期 | 司法冻结 执行人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 一致行动人 | 数量 | 比例 | | | | | | 睿洋科技 | 是 | 20,000 | 0.04% | 0.0045% | 2025/10/20 | 2025/10/24 | 杭州市滨 江区人民 | | | | | | | | | 法院 | | 睿洋科技 | 是 | 16,928 | 0.03% | 0.0038% | 2025/10/20 | 2025/11/4 | 杭州市滨 江区人民 | | | | | | | | | 法院 | 1、股东部分股份解除冻结的基本情况 证券代码：300203 证券简称：聚光科技 公告编号：2025-048 聚光科技（杭州）股份有限公司 关 ...

证券代码：300203 证券简称：聚光科技 公告编号：2025-047 聚光科技（杭州）股份有限公司 关于控股股东被动减持实施完成的公告 控股股东之一浙江睿洋科技有限公司保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 聚光科技（杭州）股份有限公司（以下简称"公司"）于2025年7月17日在 中国证监会指定的创业板信息披露网站巨潮资讯网披露了《关于控股股东部分股 份存在被强制平仓风险暨被动减持的预披露公告》（公告编号2025-028），公司 控股股东之一浙江睿洋科技有限公司（以下简称"睿洋科技"）因与中信证券股 份有限公司（以下简称"中信证券"）的融资融券合约逾期违约，其所持公司部 分股票被中信证券强制平仓，计划自公告披露日起15个交易日后的3个月内进行， 即2025年8月8日至2025年11月7日，拟减持公司股份不超过448.73万股，不超过 公司总股本的1%（预计总减持金额不超过3,000万元）。 | 股东 | 减持方 | 减持期间 | | 减持均价 | 减持股数 | 占公司总股 | 占剔除回购股份后 ...

Core Insights - The company, 聚光科技, has successfully developed the EXPEC 7350s ICP-MS/MS system for trace impurity analysis in semiconductor materials, achieving large-scale application in upstream supply chains [1][2][3] - The semiconductor metrology and inspection equipment market is projected to grow from approximately $9.8 billion in 2024 to $18.7 billion by 2034, with a CAGR of 6.9% from 2025 to 2034 [2] - The EXPEC 7350s system has passed evaluations from major wafer manufacturing companies, indicating its deep penetration into critical quality control processes in semiconductor manufacturing [3] Company Developments - 聚光科技 has integrated advanced technologies in its AMC-1000 micro-pollutant gas monitoring system, which can accurately monitor major gaseous pollutants in semiconductor production environments [3] - The company has achieved significant breakthroughs in promoting its GDM series special gas alarm products, with thousands of units purchased by chip and panel manufacturers, supporting the domestic substitution process in gas monitoring [3] - 聚光科技 has successfully obtained US EPA certification for its PM2.5 air particle analyzers, making it the first domestic high-end analytical instrument manufacturer to achieve full series certification [4] Industry Context - Impurity element analysis is essential in integrated circuit manufacturing, impacting manufacturing precision and product quality [2] - The ICP-MS/MS technology is becoming the mainstream method for impurity detection in the semiconductor industry due to its ultra-trace detection capabilities [2] - The company is positioned to lead the domestic high-end instrument sector, contributing to the high-end, large-scale upgrade of China's scientific instrument industry [5]

Core Viewpoint - The company is focusing on business improvement and performance enhancement in the fourth quarter, with a stable management team in place [2] Group 1 - The management team of the company is stable [2] - The company is currently concentrating efforts on the business push and operational improvement for the fourth quarter [2]

Core Viewpoint - The company emphasizes its commitment to debt risk prevention and maintaining liquidity safety, as indicated by the decrease in short-term loans and interest-bearing loans by the end of September 2025 compared to the beginning of the year [2] Group 1 - The company reported a decrease in short-term loans and interest-bearing loans as of September 30, 2025, compared to the beginning of the year [2] - The company prioritizes debt risk prevention to ensure liquidity safety [2]

Core Viewpoint - The company is actively addressing short-term challenges by focusing on business expansion, cost control, and improving cash flow through the recovery of accounts receivable [1] Group 1 - The company is making efforts to enhance its operational status by uniting management and employees towards common goals [1] - In the fourth quarter, the company is prioritizing business development and managing costs and expenses [1] - The company aims to solidify its foundation and improve its overall business conditions [1]

Core Viewpoint - The company has successfully applied for over 20 "first set" products at the municipal and provincial levels, indicating a strong pipeline for future orders and potential improvements in gross margin [2] Group 1: Product Applications - The company has reported successful applications for more than 20 "first set" products at various governmental levels [2] - Recent products include multi-channel RF-enhanced proton transfer reaction time-of-flight mass spectrometer, high-reliability industrial online chromatograph for process control, total sulfur analyzer (online UV fluorescence method), and high-precision greenhouse gas analyzer HG4-331 [2] Group 2: Future Expectations - The company anticipates that the fourth quarter will show performance related to the "first set" policy, with further details to be provided in upcoming periodic reports [2]

Market Overview - In October, the Shanghai and Shenzhen 300 Index remained unchanged, while the public utility index increased by 4.47% and the environmental index rose by 2.58% [1][16] - Among the 31 first-level industry categories, public utilities and environmental sectors ranked 5th and 8th in terms of growth [1][43] - In the electricity sector, thermal power increased by 10.98%, hydropower by 4.01%, and gas by 6.39% [1][44] Important Events - On October 30, the Ministry of Commerce issued guidelines to support the use of green low-carbon development in foreign trade, promoting the use of renewable energy and sustainable fuels in international shipping [2][17] - The guidelines encourage foreign trade enterprises to develop and utilize recycled resources and biodegradable materials [2][17] Sector Performance - The thermal power sector's revenue for the first three quarters of 2025 was 906.47 billion yuan, a year-on-year decrease of 5.48%, while net profit increased by 15.03% to 71.12 billion yuan [3][18] - The hydropower sector's revenue was 148.76 billion yuan, down 1.39%, with net profit rising by 1.73% to 51.32 billion yuan [3][22] - Wind power revenue decreased by 2.80% to 117.16 billion yuan, with net profit down 12.15% to 22.03 billion yuan [3][25] - The photovoltaic sector saw revenue of 26.10 billion yuan, a decline of 16.55%, but net profit increased by 55.77% to 2.90 billion yuan [3][28] - Nuclear power revenue was 164.08 billion yuan, up 1.76%, but net profit fell by 12.39% to 16.58 billion yuan [3][32] - The gas sector's revenue was 234.91 billion yuan, a decrease of 0.78%, with net profit down 5.49% to 10.25 billion yuan [3][36] Investment Strategy - For thermal power, it is recommended to invest in major companies like Huadian International and Shanghai Electric due to stable profitability [4][41] - In the renewable energy sector, companies such as Longyuan Power and Three Gorges Energy are recommended for their potential steady earnings growth [4][41] - Nuclear power companies like China Nuclear Power and China General Nuclear Power are expected to maintain stable profits [4][41] - High-dividend hydropower stocks like Yangtze Power are highlighted for their defensive attributes [4][41] - In the gas sector, Jiufeng Energy is recommended for its capabilities in marine gas trading [4][41] - The environmental sector is advised to focus on companies like China Everbright Environment and Zhongshan Public Utilities, which are entering a mature phase with improved cash flow [4][42]

Market Overview - In October, the Shanghai and Shenzhen 300 index remained unchanged, while the public utility index increased by 4.47% and the environmental index rose by 2.58% [1][16] - Among the 31 primary industry sectors, public utilities and environmental sectors ranked 5th and 8th in terms of growth [1][43] - In the electricity sector, thermal power increased by 10.98%, hydropower by 4.01%, and gas by 6.39% [1][44] Important Events - On October 30, the Ministry of Commerce issued guidelines to promote green trade, encouraging foreign trade enterprises to adopt green and low-carbon development throughout their supply chains [2][17] - The guidelines support the use of renewable energy and sustainable fuels in international shipping, including green methanol and green ammonia [2][17] Sector Performance - The thermal power sector's revenue for the first three quarters of 2025 was 906.47 billion yuan, a year-on-year decrease of 5.48%, while net profit increased by 15.03% to 71.12 billion yuan [3][18] - Hydropower sector revenue totaled 148.76 billion yuan, down 1.39%, with net profit rising by 1.73% to 51.32 billion yuan [3][22] - Wind power revenue decreased by 2.80% to 117.16 billion yuan, with net profit down 12.15% to 22.03 billion yuan [3][25] - The solar power sector saw revenue of 26.10 billion yuan, a decline of 16.55%, but net profit increased by 55.77% to 2.90 billion yuan [3][28] - Nuclear power revenue was 164.08 billion yuan, up 1.76%, but net profit fell by 12.39% to 16.58 billion yuan [3][32] - The gas sector's revenue was 234.91 billion yuan, a decrease of 0.78%, with net profit down 5.49% to 10.25 billion yuan [3][36] Investment Strategy - For thermal power, it is recommended to invest in major companies like Huadian International and Shanghai Electric due to expected stable profitability [4][41] - In the renewable energy sector, leading companies such as Longyuan Power and Three Gorges Energy are recommended for their potential steady earnings [4][41] - Nuclear power companies like China Nuclear Power and China General Nuclear Power are expected to maintain stable profits, with a recommendation for China Power Investment Corporation [4][41] - High-dividend hydropower stocks like Yangtze Power are highlighted for their defensive attributes [4][41] - In the gas sector, Jiufeng Energy is recommended for its capabilities in marine gas trading [4][41] - The environmental sector is advised to focus on companies like China Everbright Environment and Zhongshan Public Utilities, which are seen as utility-like investment opportunities [4][42]