证券代码：300236 证券简称：上海新阳 公告编号：2025-067 上海新阳半导体材料股份有限公司 关于新成长（二期）股权激励计划第二个归属期 归属结果公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1、本次归属限制性股票人数：120 人； 2、本次归属股票数量：33.1590 万股，约占当前公司总股本的 0.11%； 3、本次归属限制性股票授予价格：16.65 元/股（调整后）； 4、本次归属股票来源：公司从二级市场回购的本公司人民币 A 股普通股股 票 5、本次股份归属完成日：2025 年 9 月 17 日（星期三） 上海新阳半导体材料股份有限公司（以下简称"公司"或"上海新阳"）于 2025 年 8 月 26 日召开第六届董事会第五次会议及第六届监事会第五次会议，审 议通过了《关于新成长（二期）股权激励计划第二个归属期归属条件成就的议案》。 近日，公司办理了新成长（二期）股权激励计划（以下简称"《激励计划》"或"本 激励计划"）第二个归属期股份登记工作，现将具体情况公告如下： 一、 本激励计划实施情况概要 （一）本激励计划简介 ...

Core Viewpoint - The storage market is experiencing a significant price increase driven by supply-side reductions and a surge in demand, marking the beginning of a new upward cycle in the industry [1][3]. Price Increases in Storage Products - Major storage manufacturers, including SanDisk, have announced price hikes across their product lines, effective immediately for new orders [2]. - As of September 15, the average spot price for DDR4 8Gb (1Gx8) 3200 has risen to $5.33, a more than 260% increase from the first quarter average of $1.47 [2]. - The average spot price for MLC 32Gb 4GBx8 has reached $3.54 as of September 1, reflecting a 54.29% increase since the beginning of the year [2]. Factors Driving Price Increases - The current price surge is attributed to structural adjustments on the supply side and a robust demand increase, with major manufacturers like Samsung and SK Hynix implementing production cuts [3]. - Traditional DRAM production capacity is being shifted towards higher-margin products like DDR5 and high-bandwidth memory (HBM), tightening the supply of older DRAM products like DDR4 [3]. - Demand is being fueled by the explosion of AI applications, large-scale data center construction, and a recovery in the consumer electronics market [3]. Market Growth and Stock Performance - The global DRAM market is projected to grow approximately 17% in the second quarter of 2025, driven by the rise of generative AI and increasing HBM shipments [3]. - In the A-share market, 40 stocks related to the storage industry have seen an average increase of 5.36% since September, with notable performers including Shannon Chip (79.16% increase) and Xiechuang Data (38.59% increase) [4]. - 17 stocks in the storage concept sector reported year-on-year profit growth in the first half of the year, with Shanghai Xinyang showing a 126.31% increase in net profit [4]. Company Developments - Shanghai Xinyang reported a net profit of 133 million yuan in the first half of the year, focusing on electronic etching materials crucial for storage chip manufacturing [5]. - Canaan Technology is actively involved in setting JEDEC product standards in the memory interconnect field and is positioned to benefit from the rapid development of domestic DRAM manufacturers [6].

Core Viewpoint - The storage market is experiencing a significant price increase driven by supply-side reductions and a surge in demand, marking the beginning of a new upward cycle in the industry [1][3]. Price Increases in Storage Products - Major storage manufacturers, including SanDisk, have announced price hikes across all channels and consumer products, effective immediately for new orders [2]. - As of September 15, the average spot price for DDR4 8Gb (1Gx8) 3200 has risen to $5.33, a more than 260% increase from the first quarter average of $1.47 [2]. - The average spot price for MLC 32Gb 4GBx8 has reached $3.54 as of September 1, reflecting a cumulative increase of 54.29% since the beginning of the year [2]. Factors Driving Price Increases - The current price surge is attributed to structural adjustments on the supply side and a new wave of demand growth, with major manufacturers like Samsung and SK Hynix implementing production cuts [3]. - Traditional DRAM production capacity is being shifted towards higher-margin products like DDR5 and high-bandwidth memory (HBM), tightening the supply of older DRAM products like DDR4 [3]. - Demand is being fueled by the explosion of AI applications, large-scale data center construction, and a recovery in the consumer electronics market, with Omdia projecting a 17% growth in the global DRAM market size by Q2 2025 [3]. Performance of Storage-Related Stocks - Among the 40 A-share companies involved in the storage industry, 17 reported year-on-year profit growth in the first half of the year, with an overall average increase of 5.36% in stock prices since September [4]. - Notable performers include Shannon Chip Creation, Xiechuang Data, and Demingli, with cumulative stock price increases of 79.16%, 38.59%, and 25.01%, respectively [4]. - Shanghai Xinyang reported a net profit of 133 million yuan in the first half of the year, highlighting its role in the production of key materials for storage chip manufacturing [4]. Foreign Investment Interest - Storage concept stocks have attracted significant attention from foreign institutions, with 16 stocks being investigated by foreign entities this year [5]. - Companies like Lianqi Technology, Zhaoyi Innovation, and Baiwei Storage have been the most frequently researched, with 184, 52, and 28 foreign institution inquiries, respectively [5]. Technological Leadership - Lianqi Technology is actively involved in the development of JEDEC product standards in the memory interconnect field and is recognized as the only Chinese company among the three memory interface chip suppliers [6]. - The company is expected to benefit from the rapid development of domestic DRAM manufacturers due to its product performance and local service advantages [6].

Core Viewpoint - Shanghai Xinyang's stock price has shown significant growth this year, with a year-to-date increase of 42.89%, indicating strong market performance and investor interest [1][2]. Company Overview - Shanghai Xinyang Semiconductor Materials Co., Ltd. was established on May 12, 2004, and listed on June 29, 2011. The company specializes in the research, production, sales, and service of key process materials and supporting equipment for integrated circuit manufacturing and advanced packaging [1]. - The company's main business revenue composition includes: integrated circuit materials (74.93%), coatings (20.86%), supporting equipment and accessories for integrated circuit materials (2.76%), integrated circuit electroplating processing (1.34%), and others (0.11%) [1]. Financial Performance - For the first half of 2025, Shanghai Xinyang achieved operating revenue of 897 million yuan, representing a year-on-year growth of 35.67%. The net profit attributable to shareholders was 133 million yuan, reflecting a substantial increase of 126.31% [2]. - Since its A-share listing, the company has distributed a total of 458 million yuan in dividends, with 189 million yuan distributed over the past three years [3]. Shareholder Information - As of July 31, the number of shareholders for Shanghai Xinyang was 38,600, an increase of 0.39% from the previous period. The average number of circulating shares per person decreased by 0.38% to 7,228 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 3.4035 million shares, a decrease of 243,300 shares from the previous period. Additionally, Guolian An Zhongzheng Semiconductor Products and Equipment ETF Connect A (007300) is a new entrant among the top ten shareholders, holding 2.3267 million shares [3].

长江商报消息 ●长江商报记者 潘瑞冬 半导体材料企业上海新阳（300236.SZ）业绩持续向好。 9月10日晚间，上海新阳发布了一份投资者活动关系活动表，公司称，预计2025年合并营收不低于17亿 元。若此预期实现，公司的营业收入将实现连续10年增长。 对于业绩增长，上海新阳表示，公司半导体业务板块的新产品技术优势逐步显现，产品类型亦日益丰 富，重点项目的市场开发进展顺利，客户订单数量持续攀升。2025年上半年，公司的半导体行业实现营 业收入7.09亿元，同比增长53.12%。报告期内，公司集成电路制造用关键工艺材料的销量实现了显著增 长，营业收入为6.84亿元，同比增长55.74%。此外，公司的晶圆制造用电镀液及添加剂系列产品的市场 份额持续扩张，集成电路制造用清洗、蚀刻系列产品在客户端的应用进展顺利，销售额持续攀升。 涂料板块业务则受建筑行业市场复苏缓慢，涂料产品售价下降等不利因素影响，2025年上半年实现营业 收入1.87亿元，同比下降5.29%。 随着半导体行业景气度上行，公司对未来的业绩预期充满信心。 在投资者活动中，上海新阳表示，目前，公司KrF光刻胶已实现多款产品批量化销售，ArF浸没式光刻 胶 ...

Core Viewpoint - The domestic photoresist industry is experiencing a critical period of accelerated development, with leading companies showing impressive performance in revenue, profit, and technological advancements [4][5][6]. Group 1: Company Performance - Nanda Optoelectronics achieved a revenue of 1,228.87 million yuan in the first half of 2025, a year-on-year increase of 9.48%, and a net profit of 207.81 million yuan, up 16.30% [5][6]. - Tongcheng New Materials reported a revenue of 165.47 million yuan, a growth of 4.97%, with its semiconductor photoresist business growing over 50% for two consecutive years [6][8]. - Jingrui Electric Materials saw a revenue of 767.94 million yuan, a 10.68% increase, and a net profit of 69.75 million yuan, a significant increase of 1,501.66% [9][10]. - Shanghai Xinyang achieved a revenue of 896.65 million yuan, a growth of 35.67%, and a net profit of 133.31 million yuan, up 126.31% [11][12]. - Yongda Photosensitive reported a revenue of 506.30 million yuan, a 14.10% increase, but a net profit decline of 4.31% [13][14]. - Yake Technology's revenue reached approximately 4.29 billion yuan, a growth of 31.82%, with a net profit of 52.28 million yuan, up 0.63% [15][16]. - Dinglong Co., Ltd. reported a revenue of 1.73 billion yuan, a 14.00% increase, and a net profit of 311.04 million yuan, up 42.78% [17][18]. - Feikai Materials achieved a revenue of 146.23 million yuan, a 3.80% increase, and a net profit of 21.68 million yuan, up 80.45% [19][20]. - Bayi Shikong's revenue was 41.54 million yuan, a 10.63% increase, but net profit decreased by 37.90% [21][22]. - Ruilian New Materials reported a revenue of approximately 80.62 million yuan, a growth of 16%, and a net profit of about 16.61 million yuan, up 74% [23][24]. - Guangxin Materials achieved a revenue of 23.35 million yuan, a decrease of 10.38%, with a net profit decline of 51.38% [25][26]. - Huamao Technology reported a revenue of 1.11 billion yuan, a growth of 14.42%, and a net profit of 136.58 million yuan, up 3.21% [27][28]. - Jiuri New Materials saw a revenue of 71.35 million yuan, a decrease of 7.11%, with a net loss of 9.06 million yuan [29][30]. Group 2: Industry Trends - The photoresist industry is witnessing significant technological advancements, with many companies achieving breakthroughs in product development and production capacity [4][6][19]. - The domestic market is increasingly competitive, with companies focusing on R&D and expanding their product lines to meet the growing demand in semiconductor manufacturing [6][17][19]. - Companies are investing heavily in R&D, with some allocating over 13% of their revenue to develop advanced materials for integrated circuits and other applications [11][27].

上海新阳半导体材料股份有限公司 关于新成长（一期）股权激励计划 首次授予部分第三个归属期及预留授予部分第二个归属期 归属结果公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1、本次归属限制性股票人数：117 人（首次授予激励对象 92 人，预留授 予激励对象 25 人，剔除重复人员后为 104 人）； 2、本次归属股票数量：22.2030 万股，约占当前公司总股本的 0.07%； 证券代码：300236 证券简称：上海新阳 公告编号：2025-066 3、本次归属限制性股票授予价格：15.96 元/股（调整后）； 4、本次归属股票来源：公司从二级市场回购的本公司人民币 A 股普通股股 票 5、本次股份归属完成日：2025 年 9 月 11 日（星期四） 上海新阳半导体材料股份有限公司（以下简称"公司"或"上海新阳"）于 2025 年 8 月 26 日召开第六届董事会第五次会议及第六届监事会第五次会议，审 议通过了《关于新成长（一期）股权激励计划首次授予部分第三个归属期及预留 授予部分第二个归属期归属条件成就的议案》。近日，公司办理了新成长 ...

Core Insights - The company Shanghai Xinyang expects its semiconductor industry revenue to reach no less than 1.3 billion yuan in 2025, with consolidated revenue projected to exceed 1.7 billion yuan [2] - The company has established a comprehensive research and production platform for various types of photoresists, including I-line, KrF, ArF dry, and ArF immersion photoresists, leveraging its technological advantages and continuous R&D investment [2] - Shanghai Xinyang has become a key player in the domestic photoresist supply chain, with its KrF photoresists already achieving mass sales and ArF immersion photoresists receiving sales orders [2] Financial Performance - In the first half of the year, Shanghai Xinyang achieved a revenue of 899 million yuan, representing a year-on-year growth of 35.67% [2] - The net profit attributable to shareholders reached 133 million yuan, a significant increase of 126.31% compared to the same period last year [2] - After excluding non-recurring gains and losses, the net profit was 127 million yuan, reflecting a year-on-year growth of 58.07% [2] Market Position - As of the first half of 2025, Shanghai Xinyang has become the baseline material for 56 12-inch integrated circuit production lines and 23 8-inch integrated circuit production lines in China, accounting for over 70% and 60% of the respective markets [2]

Core Viewpoint - Shanghai Xinyang (300236) expects to achieve a semiconductor industry revenue of no less than 1.3 billion yuan and a consolidated revenue of no less than 1.7 billion yuan for the full year of 2025, according to its performance assessment targets set in the equity incentive plan [1] Group 1 - The company is committed to making efforts to achieve its annual performance targets as soon as possible [1]

Core Viewpoint - Shanghai Xinyang Semiconductor Materials Co., Ltd. held a specific investor survey with 35 institutions, discussing the company's business performance and future plans in the semiconductor industry [1] Company Business Overview - Shanghai Xinyang focuses on five core business areas: electroplating, cleaning, photolithography, grinding, and etching, providing key process materials and supporting equipment for integrated circuit manufacturing and advanced packaging [1] - In the first half of 2025, the semiconductor industry revenue reached 709 million yuan, a year-on-year increase of 53.12%, supplying over 120 semiconductor packaging companies and more than 100 chip manufacturers [1] Capacity Planning - The current capacity at the Songjiang headquarters is 19,000 tons per year; the Hefei Xinyang Phase I expansion will increase capacity to 43,500 tons per year [1] - New projects include a 50,000 tons per year capacity at the Songjiang headquarters and a 30,500 tons per year project in the Shanghai Chemical Industry Zone, both progressing normally [1] Photolithography Business Progress - The company has established a complete R&D and production platform for photolithography materials, with several products already industrialized and achieving advanced optical data metrics [1] - KrF photolithography products are being sold in bulk, and ArF immersion photolithography products have received orders [1] Grinding Liquid Product Development - Series products such as STI slurry, Poly slurry, and W slurry have completed client testing and are entering mass production, with rapid sales growth [1] - The company aims to target domestic market gaps and meet customer technology iteration needs [1] Financial Performance - The gross margin for the semiconductor business declined due to increased production costs from the Hefei Xinyang project and depreciation expenses [1] - The coating segment's revenue was 187 million yuan in the first half of 2025, a year-on-year decrease of 5.29% due to slow recovery in the construction industry [1] Revenue Targets - The company achieved a total revenue of 897 million yuan in the first half of 2025, with semiconductor revenue at 709 million yuan [1] - The company aims for semiconductor revenue of no less than 1.3 billion yuan and total revenue of no less than 1.7 billion yuan for the full year 2025 [1] Product Advantages and Industry Position - With over 20 years of experience, the company covers all technology nodes from 90nm to 14nm for chip copper interconnect processes, making it a leading domestic enterprise [1] - As of the first half of 2025, the company has become the baseline for 56 12-inch and 23 8-inch integrated circuit production lines, accounting for over 70% and 60% respectively [1]