Group 1 - The core point of the article is the launch of an economically efficient OHT crane system by the company Hangzhou Zhongwei Optoelectronics Technology Co., Ltd., a subsidiary of Jing Sheng Machinery [1] - The new OHT crane system is designed to provide cost-effective aerial logistics solutions for industries such as semiconductors, panels, and packaging testing, as well as other multi-point logistics scenarios [1]

证券代码：300316 证券简称：晶盛机电 编号：2025-019 浙江晶盛机电股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、浙江晶盛机电股份有限公司（以下简称"公司"）回购专用证券账户持有的 本公司股份2,173,984股不参与本次权益分派。本次权益分派将以公司现有总股本 1,309,533,797股扣除已回购股份2,173,984股后的1,307,359,813股为基数，向全体股 东每10股派发现金股利4.00元人民币（含税），共计派发现金股利522,943,925.20 元。按公司总股本（含回购股份）折算每10股现金股利=现金分红总额÷公司总股 本×10 股=522,943,925.20元/1,309,533,797股×10股=3.993359元(保留六位小数，不 四舍五入)。 2、公司本次权益分派实施后的除权除息参考价＝权益分派股权登记日收盘价 -0.3993359元/股。 本次权益分派股权登记日为：2025年5月27日，除权除息日为：2025年5月28 日。 一、股东大会审议通过权益分 ...

证券代码：300316 证券简称：晶盛机电 编号：2025-018 浙江晶盛机电股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要提示 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过决议的情形。 一、会议召开情况 1、会议召开时间： （1）现场会议召开时间：2025年5月15日（星期四）下午2：00。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 5 月 15 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深圳证券 交易所互联网系统投票的具体时间为 2025 年 5 月 15 日 9:15-15:00 的任意时间。 2、现场会议召开地点：浙江省杭州市临平区顺达路500号公司2楼会议室。 3、会议召集人：公司董事会。 4、会议方式：本次股东大会采取现场投票、网络投票相结合的方式。 5、会议主持人：公司董事长曹建伟先生。 会议的召集、召开及表决程序符合《公司法》《上市公司股东大会规则》等 法律、法规和规范 ...

国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关 于 浙江晶盛机电股份有限公司 2024 年年度股东大会 之 法律意见书 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年五月 国浩律师（杭州）事务所 法律意见书 国浩律师（杭州）事务所 关 于 浙江晶盛机电股份有限公司 2024 年年度股东大会 之 法律意见书 致：浙江晶盛机电股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受浙江晶盛机电股份有限 公司（以下简称"公司"）的委托，指派律师出席贵公司 2024 年年度股东大会 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6][7]. Core Views - In 2024, the company achieved a revenue of 17.577 billion yuan, a year-on-year decrease of 2.26%, and a net profit attributable to shareholders of 2.51 billion yuan, down 44.93% year-on-year [2][4]. - The fourth quarter of 2024 saw a revenue of 3.099 billion yuan, a year-on-year decline of 31.47% and a quarter-on-quarter decline of 28.45%, with a net profit of -450 million yuan, down 143.13% year-on-year and 152.13% quarter-on-quarter [2][4]. - The company has fully recognized impairment losses in 2024, with total impairment and credit losses amounting to approximately 1.2 billion yuan, significantly impacting the fourth quarter's net profit [6][9]. Summary by Sections Financial Performance - The company reported a total revenue of 17.577 billion yuan for 2024, with a gross profit margin of 33% [14]. - The manufacturing business's gross margin was 34.82%, a decrease of 8.20 percentage points year-on-year, while the equipment and service margin was 36.36%, down 2.46 percentage points [9]. - The company expects a net profit of 2.5 billion yuan for 2025, corresponding to a PE ratio of 15 times [6]. Market Outlook - The semiconductor equipment market is anticipated to maintain double-digit growth, with the company actively capturing the domestic substitution market [9]. - The company has developed various equipment for silicon wafer manufacturing and is leading in the domestic market share for crystal growth equipment [9]. - The sapphire material business is expected to benefit from the rapid growth in demand for LED lighting replacements, while the silicon carbide substrate business is transitioning to 8-inch production [9]. Product Development - The company has made significant advancements in semiconductor substrate materials, with expectations for both volume and price increases in sapphire materials [9]. - The quartz crucible products have achieved both technological and scale leadership, enhancing the company's collaborative supply capabilities in semiconductor consumables [9].

Group 1: Company Overview and Strategy - The company maintains a dual-engine strategy focusing on advanced materials and advanced equipment, fostering a synergistic industrial layout [4][10][11] - The main business products include semiconductor equipment, semiconductor substrate materials, and semiconductor consumables and components [4][11][16] Group 2: Financial Performance - In 2024, the revenue from "Equipment and Services" was CNY 13.363 billion, while "Materials" revenue was CNY 3.346 billion [3][11] - As of December 31, 2024, the company had unfulfilled contracts for integrated circuits and compound semiconductor equipment exceeding CNY 3.3 billion (including tax) [6][11][15] Group 3: Market Position and Product Development - The company’s 6-8 inch silicon carbide substrate technology and scale are among the best in China, with core parameters reaching industry-leading levels [1][2] - The company is actively developing optical-grade silicon carbide materials, having mastered stable processes for 8-inch optical-grade silicon carbide crystals [1][2] Group 4: Challenges and Risk Management - The photovoltaic industry is facing short-term supply-demand mismatches, leading to intensified competition and price declines [7][12] - The company emphasizes strict customer credit management and prudent contract practices to mitigate order fulfillment risks [7][12] Group 5: Shareholder Engagement and Stock Management - Since 2022, the company has conducted two share buybacks, utilizing CNY 199.25 million to repurchase 3,926,374 shares [7][16] - The company is committed to market value management and aims for sustainable development despite stock price fluctuations [14][16]

Core Viewpoint - The company is experiencing a temporary decline in profitability, with a slight decrease in revenue and a significant drop in net profit for the year 2024, while also showcasing advancements in technology and product offerings in the semiconductor and photovoltaic sectors [1][2]. Financial Performance - In 2024, the company achieved operating revenue of 17.577 billion, a year-on-year decrease of 2.26% - The net profit attributable to shareholders was 2.510 billion, down 44.93% year-on-year - The net profit after deducting non-recurring items was 2.459 billion, a decrease of 43.80% year-on-year - In Q4 2024, the company reported operating revenue of 3.099 billion, with a quarter-on-quarter decline of 31.47% and a year-on-year decline of 28.45% - The net profit attributable to shareholders for Q4 2024 was -0.450 billion, with a quarter-on-quarter decline of 143.13% and a year-on-year decline of 152.13% - In Q1 2025, operating revenue was 3.138 billion, with a quarter-on-quarter decline of 30.42% but a year-on-year increase of 1.26% - The net profit attributable to shareholders for Q1 2025 was 0.573 billion, with a quarter-on-quarter decline of 46.44% but a year-on-year increase of 227.26% [1][2]. Profitability and Cash Flow - The gross margin and net margin for 2024 were 33.35% and 15.16%, respectively, down 8.30 percentage points and 14.38 percentage points year-on-year - The company made provisions for bad debts amounting to 0.250 billion and recorded inventory impairment provisions totaling 0.960 billion, which were the main reasons for the profit decline - In Q1 2025, contract liabilities were 3.843 billion, a decrease of 31.7% compared to the beginning of the year - The operating net cash flow in Q1 2025 increased by 223.97% year-on-year to 0.395 billion, indicating improved cash recovery from inventory reduction [2]. Technological Advancements - The company is accelerating technological iterations in the equipment and materials sectors, focusing on both photovoltaic and semiconductor markets - In the semiconductor equipment segment, the company has achieved a full industry chain layout for 8-12 inch silicon wafer equipment and successfully developed several advanced machines - In the photovoltaic equipment segment, the company’s products have performed well and entered more customer production lines, with significant orders from leading industry clients - The company is also expanding its customer base for 8-inch SiC substrates and has made breakthroughs in the development of 8-12 inch sapphire substrates for new LED applications [2]. Investment Outlook - The company forecasts net profits attributable to shareholders for 2025-2027 to be 2.419 billion, 2.603 billion, and 2.697 billion, respectively - Corresponding price-to-earnings ratios for these years are projected to be 15.4, 14.3, and 13.8 times - The company maintains a "buy" rating based on these projections [3].

Summary of the Conference Call for Jing Sheng Electromechanical Industry and Company Overview - The conference call pertains to Jing Sheng Electromechanical, a company involved in the semiconductor and photovoltaic equipment industry [2][3][4]. Key Points and Arguments Product Line Expansion - Jing Sheng Electromechanical is actively expanding its product line from large silicon wafer equipment to include silicon carbide (SiC) and wafer-end equipment, such as vacuum ICP and ALD ion implantation equipment, as well as SiC substrate materials and dry equipment [2][3]. - The company anticipates sustained growth in these new business areas, contributing to future revenue streams [2]. Order Backlog and Market Position - As of the end of 2024, the company has a semiconductor equipment order backlog of approximately 3.3 billion yuan, with expectations for steady growth in 2025 [2][4]. - The large silicon wafer business remains stable, holding a significant market share, while SiC equipment orders are currently low but expected to increase in the second half of 2025 [2][5]. Quartz Crucible Market - Jing Sheng Electromechanical holds the leading domestic market share for quartz crucibles, with over 30% market share in semiconductor quartz crucibles [4][14]. - The company has adjusted its quartz sand import sources to Norway, mitigating tariff impacts [6][20]. Semiconductor Pricing and Demand - Semiconductor silicon wafer prices are stable, with profit margins higher than those of photovoltaic silicon wafers [9]. - The company’s SiC substrate production capacity is set to reach 300,000 pieces by the end of the year, with strong demand for semiconductor components expected to continue [10][11]. Domestic Market and Client Base - The domestic market for semiconductor quartz crucibles is accelerating in terms of localization, with significant orders received from various clients, including Zhongwei, Shengmei, and Beifang Huachuang [11][14]. - The company has been proactive in the domestic substitution of semiconductor components since 2016, leading to a growing order volume [11]. Future Outlook for Equipment Orders - The company expects to see an increase in orders for 8-inch SiC equipment starting in the second half of 2025, as the market for new models adopting 8-inch substrates grows [12]. - The company is also seeing positive feedback on new products in the high-purity quartz crucible segment, with expectations for market share to surpass that of the photovoltaic sector [14]. Impact of Tariffs and Supply Chain Stability - The company has diversified its quartz sand supply channels, primarily sourcing from the U.S. and Norway, with tariffs having a limited impact on costs due to strategic sourcing decisions [8][20]. - The pricing of quartz crucibles is currently at a low point, but potential price increases may occur due to rising raw material costs and demand [7]. Equipment and Technology Developments - New equipment launched by the company includes advanced SiC devices, which are primarily targeted at domestic clients, with plans for future international market expansion based on demand [13]. - The company’s edge computing devices have also garnered significant orders, indicating a growing market presence [15]. Additional Important Insights - The company is focusing on enhancing its technology for high-purity quartz crucibles, which has shown promising market feedback and competitive advantages [14]. - The overall demand for photovoltaic equipment is driven by both domestic upgrades and new capacity expansions overseas, with expectations for several gigawatt-level investments in the near future [16][18].

证券代码：300316 证券简称：晶盛机电 编号：2025-017 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，浙江晶盛机电股份有限公司（以下简称 "公司"）将参加由浙江证监局指导，浙江上市公司协会主办，深圳市全景网络有 限公司承办的"2025 年浙江辖区上市公司投资者网上集体接待日暨 2024 年度业 绩说明会"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https//rs.p5w.net)，或关注微信公众号：全景财经，或下载全景路演 APP，参与 本次互动交流，活动时间为 2025 年 5 月 13 日（周二）15：00-17：00。届时公 司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资计 划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢 迎广大投资者踊跃参与！ 特此公告。 浙江晶盛机电股份有限公司 董事会 2025 年 5 月 8 日 浙江晶盛机电股份有限公司 关于参加 2025 年浙江辖区上市公司投资者网上集体 接待日暨 ...

Investment Rating - The report maintains a "Buy" rating for the company [7][6]. Core Views - The industry cycle has reached its bottom, and the company's diversified layout is expected to yield results in the future [4]. - In Q1 2025, the company reported a revenue of 3.138 billion yuan, a year-on-year decrease of 30% but a quarter-on-quarter increase of 1% [2][4]. - The net profit attributable to the parent company was 573 million yuan, down 46% year-on-year but showing a turnaround from the previous quarter [2][4]. Financial Performance Summary - Q1 2025 gross margin was 27.6%, a year-on-year decline of 16.0 percentage points but a quarter-on-quarter increase of 4.6 percentage points, indicating signs of stabilization [12]. - The company expects a net profit of 2.5 billion yuan for 2025, corresponding to a PE ratio of 14 times [6]. - The company is actively capturing the domestic substitution market in the semiconductor equipment sector, with leading market shares in various equipment categories [12]. Business Outlook - The semiconductor equipment market is anticipated to maintain double-digit growth, with the company developing advanced equipment for chip manufacturing and packaging [12]. - The sapphire material segment is expected to benefit from the high demand for LED lighting replacements, while the silicon carbide substrate is transitioning to 8-inch production [12]. - The company has achieved technological and scale leadership in quartz crucible products, enhancing its collaborative supply capabilities in semiconductor consumables [12].