Core Viewpoint - Shanghai Xinyang's stock price has experienced fluctuations, with a year-to-date increase of 53.80%, but a recent decline in the last five and twenty trading days [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 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 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, with a year-on-year increase of 62.70% [2] - Cumulative cash dividends since the A-share listing amount to 458 million yuan, 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] - The ninth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 3.3845 million shares, a decrease of 19,000 shares from the previous period [3]

Investment Rating - The investment rating for the company is "Recommended" [1] Core Views - The semiconductor materials business has shown strong performance, with significant growth in revenue and profit. The company is set to expand its electronic chemicals project to meet the increasing demand for semiconductor materials [7][8] - The company reported a revenue of 4.97 billion yuan in Q3 2025, representing a year-on-year increase of 22.39%, and a net profit of 780 million yuan, up 9.82% year-on-year [4] - The company is investing 1.85 billion yuan in a new project to produce 50,000 tons of key semiconductor materials, with construction expected to start in November 2025 and reach full production by November 2032 [7][8] Summary by Sections Financial Performance - In Q3 2025, the semiconductor materials segment generated 378 million yuan in revenue, a 25.17% increase year-on-year, with net profit rising approximately 40.25% [7] - For the first three quarters of 2025, total revenue reached 1.394 billion yuan, a 30.62% increase year-on-year, and net profit was 211 million yuan, up 62.70% year-on-year [4] Revenue and Profit Forecast - Projected revenues for 2025-2027 are 2.031 billion yuan, 2.682 billion yuan, and 3.752 billion yuan, respectively, with year-on-year growth rates of 37.7%, 32.0%, and 39.9% [6] - Expected net profits for the same period are 281 million yuan, 364 million yuan, and 522 million yuan, with corresponding year-on-year growth rates of 59.7%, 29.6%, and 43.7% [6] Market Position and Strategy - The company is increasing its R&D investment, which rose by 23.23% year-on-year, accounting for 13.70% of revenue, focusing on products for integrated circuit manufacturing [7] - The company is expanding its market share in wafer manufacturing and is seeing positive progress in client applications for its cleaning and etching products [7][8]

Core Insights - Shanghai Xinyang Semiconductor Materials Co., Ltd. reported strong performance in the first three quarters of 2025, with a total revenue of 1.394 billion yuan, representing a year-on-year growth of 30.62% [1] - The net profit attributable to shareholders reached 211 million yuan, a significant increase of 62.70%, exceeding market expectations [1] - In Q3 alone, the company achieved a revenue of 497 million yuan, up 22.39% year-on-year, and a net profit of 77.82 million yuan, reflecting a 9.82% increase [1] Business Performance - The company's core business includes key process materials for integrated circuit manufacturing and advanced packaging, as well as environmentally friendly functional coatings [1] - Revenue from integrated circuit-related businesses saw significant growth, driven by increased sales of high-end photoresists, electroplating solutions, additives, cleaning agents, and etching liquids [1] Research and Development - Shanghai Xinyang has strengthened its R&D investment, with total R&D expenditure reaching 120 million yuan in the first half of the year, accounting for 13.58% of revenue [2] - The focus of R&D is on core technology projects such as photoresists and etching liquids, further consolidating the company's technological leadership [2] Future Outlook - The company has commenced the construction of a project aimed at producing 50,000 tons of key process materials for integrated circuits, expected to be completed by 2027, which will enhance production capacity and R&D capabilities [2] - Shanghai Xinyang plans to continue focusing on the semiconductor materials sector, enhancing technological R&D and market expansion to create greater value for shareholders and society [2]

Core Insights - Shanghai Xinyang has provided products and services to over 120 semiconductor packaging companies and more than 100 chip manufacturing enterprises [2] - The company has become the baseline material for 56 operational 12-inch integrated circuit production lines and 23 operational 8-inch integrated circuit production lines in China, accounting for over 70% and 60% respectively [2]

每经AI快讯，上海新阳（SZ 300236，收盘价：62.3元）10月30日发布公告称，公司第六届第六次董事 会会议于2025年10月28日以现场及通讯方式召开。会议审议了《关于修订 <公司章程> 的议案》等文 件。 每经头条（nbdtoutiao）——"十五五"规划建议的18个新提法，释放了哪些重要信号？ （记者 张明双） ...

Core Insights - Shanghai Xinyang (300236.SZ) reported a significant increase in revenue and profit for the third quarter, indicating strong financial performance [1] Financial Performance - The company's revenue for the first three quarters reached 1.39 billion yuan, representing a year-on-year growth of 30.62% [1] - The net profit attributable to shareholders of the listed company was 211 million yuan, showing a year-on-year increase of 62.7% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 197 million yuan, reflecting a year-on-year growth of 53.01% [1]

证券日报网讯10月29日晚间，上海新阳（300236）发布公告称，公司于2025年10月27日召开了职工代表 大会，选举俞立成先生为公司第六届董事会职工代表董事。 ...

证券代码：300236 证券简称：上海新阳 公告编号：2025-075 上海新阳半导体材料股份有限公司 关于制定、废止、修订部分公司治理制度的公告 | 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。 | | 17 | 修订 | 上海新阳：信息披露管理制度 | 是 | | --- | --- | --- | --- | | 18 | 修订 | 上海新阳：内幕信息知情人登记管理制度 | 否 | | 19 | 修订 | 上海新阳：年报重大差错责任追究制度 | 否 | | 20 | 修订 | 上海新阳：银行间债券市场债务融资工具信息披露管理制度 | 否 | | 21 | 修订 | 上海新阳：投资者关系管理制度 | 是 | | 22 | 修订 | 上海新阳：内部审计制度 | 否 | | 23 | 修订 | 上海新阳：子公司管理制度 | 否 | | 24 | 修订 | 上海新阳：会计师事务所选聘制度 | 是 | | 25 | 修订 | 上海新阳：财务管理制度 | 否 | | 26 | 修订 | 上海新阳：募集资金管理制度 | 是 | | 27 | ...

证券代码：300236 证券简称：上海新阳 公告编号：2025-076 上海新阳半导体材料股份有限公司 关于非独立董事辞职暨选举职工代表董事 及补选非独立董事的公告 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。 一、非独立董事辞职情况 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"）董 事会于 2025 年 10 月 27 日收到公司董事方书农先生、周红晓女士的辞职申请。 方书农先生自 2024 年 10 月至今担任公司第六届董事会董事，任期至公司第 六届董事会届满之日。因个人原因，方书农先生申请辞去公司董事职务。根据《中 华人民共和国公司法》（以下简称"《公司法》"）等法律法规和《公司章程》的规 定，方书农先生的辞职申请自送达董事会之日起生效。方书农先生辞去董事职务 后，不在公司担任任何职务，不会影响公司正常经营。 截至目前，方书农先生持有公司 674,344 股股份。方书农先生辞去董事职务 后，其股份的变动仍遵循《深圳证券交易所创业板股票上市规则》、《深圳证券交 易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》、《上市公司董 ...

证券代码：300236 证券简称：上海新阳 公告编号：2025-074 上海新阳半导体材料股份有限公司 关于修订《公司章程》的公告 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。 2025 年 10 月 28 日，上海新阳半导体材料股份有限公司（以下简称"公司"） 第六届董事会第六次会议及第六届监事会第六次会议分别审议通过《关于修订< 公司章程>的议案》。现将具体情况公告如下： 一、取消监事会、设置职工代表董事 根据《中华人民共和国公司法》《上市公司章程指引》《关于新<公司法>配套 制度规则实施相关过渡期安排》《深圳证券交易所上市公司自律监管指引第 2 号 ——创业板上市公司规范运作》等法律法规和规范性文件的有关规定，结合公司 实际经营情况，拟对公司治理架构作如下调整： 1、公司将不再设置监事会及监事，《监事会议事规则》等监事会相关制度相 应废止，由董事会审计委员会行使原监事会相关职权。 电子专用材料制造；电子专用材料销售；电子专用材料研发；半导体器件专 用设备制造；半导体器件专用设备销售；技术服务、技术开发、技术咨询、技术 交流、技术转让、技术推广；机械零件 ...