Core Insights - Shanghai Xinyang (300236) reported that as of the end of September, the company held 110,455,692 shares of Hu Silicon Industry [1] Company Summary - The company has a significant stake in Hu Silicon Industry, amounting to over 110 million shares, indicating a strong investment position [1]

Group 1 - The company Shanghai Xinyang (300236) responded to investor inquiries on November 6, indicating that shareholders' data should be monitored through the company's regular reports [1]

Group 1 - The company Shanghai Xinyang (300236) announced on November 6 that it invested 56 million yuan in Jiangsu Boyan Electronic Technology Co., Ltd. at the end of 2018 using its own funds [1]

Core Points - As of the end of September, the company holds 110,455,692 shares of Hu Silicon Industry [1] Summary by Category - **Company Holdings** - The company has a total of 110,455,692 shares of Hu Silicon Industry as of September 30 [1]

Core Viewpoint - Shanghai Xinyang (300236.SZ) has established a comprehensive research and production platform for various types of photoresists, leveraging its technological advantages and continuous R&D investment [1] Group 1: Company Development - The company has built a complete platform for research synthesis, formulation production, quality control, and analytical testing, including I-line, KrF, ArF dry, and ArF immersion photoresists [1] - Shanghai Xinyang has provided a variety of photoresist products to multiple domestic chip enterprises [1] - The company has achieved mass sales of its photoresists, with overall sales scale continuing to increase [1]

Core Viewpoint - Shanghai Xinyang (300236) has established a comprehensive research and production platform for various types of photoresists, leveraging its technological advantages and continuous R&D investment [1] Company Summary - The company has developed a complete platform for research synthesis, formulation production, quality control, and analytical testing, which includes I-line, KrF, ArF dry, and ArF immersion photoresists [1] - Shanghai Xinyang has begun mass sales of its photoresists, with overall sales scale continuing to increase [1] Industry Summary - The company provides a variety of photoresist products to multiple domestic chip manufacturers, indicating a growing demand within the semiconductor industry [1]

Financial Performance - The company achieved a revenue of CNY 497 million in Q3 2025, representing a year-on-year growth of 22.39% [1] - Net profit attributable to shareholders was CNY 77.82 million, up 9.82% year-on-year [1] - Net profit excluding non-recurring gains and losses reached CNY 70.04 million, marking a 44.62% increase [1] - Semiconductor business revenue was CNY 378 million, with a year-on-year growth of 25.17% and net profit growth of approximately 40.25% [1] - Coating business revenue was CNY 119 million, reflecting a year-on-year increase of 14.42% [1] Capacity Expansion Plans - Current production capacity at the Songjiang headquarters is 19,000 tons/year [1] - The Hefei facility's first phase has been launched, with plans to expand capacity to 43,500 tons/year by 2027 [1] - A new project at the Songjiang headquarters is designed for a capacity of 50,000 tons/year, with construction already underway and expected completion in 2027 [1] - The Shanghai Chemical Industry Zone project is planned for a capacity of 30,500 tons/year and is progressing normally [1] Product Development and Market Position - The company has established a complete platform for the research, synthesis, production, quality control, and testing of various photoresists, achieving mass sales [2] - The grinding liquid products have completed client testing and are now in mass production, with a growing customer base and sales [3] - The company has developed a hydroxylamine-free cleaning solution for aluminum processes, breaking the dependency on a single global supplier and enhancing cleaning performance [6] Market Outlook - The metal plating chemical materials market is projected to reach USD 947 million in 2023, with a compound annual growth rate (CAGR) exceeding 5.4% from 2023 to 2028 [4] - The demand for advanced packaging technology and wafer-level packaging is expected to drive growth in the metal plating chemicals market [4]

Market Overview - The electronic chemicals sector experienced a decline of 0.19% on November 5, with Shanghai Xinyang leading the losses [1] - The Shanghai Composite Index closed at 3969.25, up 0.23%, while the Shenzhen Component Index closed at 13223.56, up 0.37% [1] Stock Performance - Notable gainers in the electronic chemicals sector included: - Sanhu Xinke (688359) with a closing price of 76.53, up 3.54% [1] - Puyang Huicheng (300481) with a closing price of 15.52, up 3.19% [1] - Weiteou (301319) with a closing price of 40.80, up 1.82% [1] - Major decliners included: - Shanghai Xinyang (300236) with a closing price of 54.86, down 2.40% [2] - Siquan New Materials (301489) with a closing price of 173.50, down 2.39% [2] - Zhongshi Technology (300684) with a closing price of 43.20, down 2.09% [2] Capital Flow - The electronic chemicals sector saw a net outflow of 364 million yuan from institutional investors, while retail investors contributed a net inflow of 163 million yuan [2] - The sector's capital flow indicated that: - Feikai Materials (300398) had a net inflow of 42.70 million yuan from institutional investors [3] - Dinglong Co. (300054) experienced a net inflow of 32.90 million yuan from institutional investors [3] - Sanhu Xinke (688389) had a net inflow of 21.50 million yuan from institutional investors [3]

Core Viewpoint - Shanghai Xinyang Semiconductor Materials Co., Ltd. has commenced construction of a project for an annual production capacity of 50,000 tons of key process materials for integrated circuits, with an investment of 1.85 billion yuan, expected to be operational by November 2027 and reach full capacity by 2032 [1] Group 1: Project Details - The project will cover an area of 128 acres and aims to produce various ultra-pure chip cleaning solutions, including 5,000 tons/year of ultra-pure chip cleaning liquid, 6,500 tons/year of ultra-pure chip plating liquid, 33,500 tons/year of ultra-pure chip etching liquid, and 5,000 tons/year of chemical mechanical polishing liquid [1] - Upon completion, the project will significantly enhance the company's supply service capabilities and technological innovation in the field of key process materials for integrated circuits [1] Group 2: Strategic Importance - The project aligns with national industrial strategies and responds to the strategic goals of the Songjiang District to develop an "advanced manufacturing industry cluster" and a "new quality productivity development pilot zone" [1] - The completion of the project is expected to strengthen the local integrated circuit industry chain, enhancing overall regional industrial competitiveness by reinforcing, supplementing, and extending the supply chain [1]

Core Viewpoint - Shanghai Xinyang's stock price has experienced fluctuations, with a year-to-date increase of 50.65% but a recent decline of 9.97% over the past five trading days [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, as well as environmentally friendly functional coatings [2]. - The company's revenue composition is as follows: integrated circuit materials 74.93%, coatings 20.86%, supporting equipment and accessories for integrated circuits 2.76%, integrated circuit plating processing 1.34%, and others 0.11% [2]. Financial Performance - For the period from January to September 2025, Shanghai Xinyang achieved operating revenue of 1.394 billion yuan, representing a year-on-year growth of 30.62%. The net profit attributable to the parent company was 211 million yuan, reflecting a year-on-year increase of 62.70% [2]. - Cumulatively, the company has distributed 458 million yuan in dividends since its A-share listing, with 189 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Shanghai Xinyang was 44,900, a decrease of 1.17% from the previous period. The average circulating shares per person increased by 1.18% to 6,202 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 3.3845 million shares, a decrease of 19,000 shares from the previous period [3].