Summary of Jinsheng Electric's Conference Call Company Overview - **Company**: Jinsheng Electric - **Industry**: Semiconductor and Photovoltaic Equipment Key Points Financial Performance - In the first half of 2025, Jinsheng Electric achieved a revenue of 5.799 billion yuan and a net profit attributable to shareholders of 639 million yuan [3] - The company reported a net cash inflow from operating activities of 447 million yuan, a year-on-year increase of 55.84%, indicating improved financial management [2][4] Business Segments - Jinsheng Electric focuses on three main business segments: semiconductor equipment, substrate materials, and consumables [2] - The company has over 3.7 billion yuan in unfulfilled contracts for integrated circuits and compound semiconductor equipment as of June 30, 2025 [3] Semiconductor Equipment - The company successfully delivered 12-inch silicon epitaxy equipment to leading domestic clients and is promoting 8-inch silicon carbide (SiC) epitaxy equipment [3] - New products such as the 12-inch dry-in dry-out edge polishing machine and double-sided thinning machine are undergoing customer validation [3] - Jinsheng Electric is a market leader in large silicon wafer equipment and is expanding its overseas market for semiconductor components and consumables [3][4] Photovoltaic Equipment - The company is optimistic about the long-term development of the photovoltaic industry and is addressing overcapacity challenges through technological innovations [2][5] - New products like Topcon efficiency EPD equipment and BC end silver-free multi-wire welding equipment are expected to have a positive impact from 2025 to 2026 [5][6] Silicon Carbide (SiC) Development - Jinsheng Electric has made significant advancements in 12-inch SiC crystal growth technology and is validating 8-inch SiC substrates with global customers [2][4] - The company plans to produce 600,000 wafers per month to meet future market demand, anticipating that 8-inch SiC will fully replace 6-inch [2][7] - The expected turning point for SiC development is projected for 2026-2027, particularly in the automotive sector [3][11] Market Outlook - The company expects a significant increase in demand for 8-inch conductive chips and MOSFETs by 2026-2027, driven by investments from major players like Infineon [9][11] - The photovoltaic industry is recovering from a downturn, and Jinsheng Electric is focused on maintaining order expansion and enhancing competitiveness through innovation [16] Challenges and Strategies - The company faces challenges in the photovoltaic equipment sector due to intense competition and cash flow pressures, particularly in the dry pot and diamond wire segments [28] - Jinsheng Electric is committed to continuous investment in key areas to ensure long-term sustainable development despite current financial performance not meeting expectations [29] Inventory and Supply Chain - The company maintains a lean inventory in the photovoltaic sector, while semiconductor components are stocked due to the long cycle nature of the industry [20] Conclusion - Jinsheng Electric is strategically positioned in the semiconductor and photovoltaic equipment markets, with a focus on innovation and expansion to capture future growth opportunities in the SiC and photovoltaic sectors [2][3][4][5][6][7][11][16][29]

Financial Performance - The company achieved operating revenue of 579,895.11 million yuan in the first half of 2025, with a decline in revenue and profit from photovoltaic equipment and materials due to cyclical adjustments in the industry [2] - The semiconductor business continued to grow, with unfulfilled contracts for integrated circuits and compound semiconductor equipment exceeding 3.7 billion yuan as of June 30, 2025 [2] Semiconductor Equipment Development - The company successfully delivered 12-inch atmospheric silicon epitaxy equipment to leading domestic customers, achieving international advanced levels in key performance indicators [3] - New products such as the 12-inch dry-in-dry-out edge grinding machine and 12-inch double-sided thinning machine are undergoing customer validation [3] Silicon Carbide Substrate Progress - The company made significant breakthroughs in the growth of 12-inch conductive silicon carbide crystals, addressing core challenges in temperature uniformity and crystal cracking [4] - The company is expanding its global customer verification for 8-inch silicon carbide substrates and has received bulk orders from international clients [4] Semiconductor Components and Materials - The subsidiary, Jinghong Precision, is enhancing its manufacturing capabilities for core components, focusing on precision processing and special welding [5] - The company has achieved domestic substitution for semiconductor quartz crucibles, leading the market share and overcoming technical bottlenecks for large-sized crucibles [5] Sapphire Business Growth - The sapphire material business experienced year-on-year growth driven by new applications in LED and consumer electronics sectors [5] Customer Base and Risk Management - The company has established a strong reputation among high-end clients in the semiconductor and photovoltaic industries, with long-term strategic partnerships [6] - To mitigate order fulfillment risks, the company focuses on large, financially stable clients and implements strict credit management and contract practices [6]

Core Viewpoint - Jing Sheng Machinery (300316) reported a significant decline in net profit for the first half of 2025, with a nearly 70% year-on-year decrease, indicating challenges in the semiconductor equipment sector [1] Financial Performance - The company achieved a revenue of approximately 5.799 billion yuan in the first half of 2025, representing a year-on-year decrease of 42.85% [1] - The net profit attributable to shareholders was about 639 million yuan, down 69.52% compared to the same period last year [1] Business Operations - Jing Sheng Machinery's main business products include semiconductor equipment, semiconductor substrate materials, and semiconductor consumables and components [1] - The decline in revenue is primarily attributed to a reduction in sales volume [1] Market Performance - On August 22, 2025, Jing Sheng Machinery's stock price increased by 1.26%, closing at 30.47 yuan per share, with a total market capitalization of 39.9 billion yuan [1]

据证券之星公开数据整理，近期晶盛机电（300316）发布2025年中报。截至本报告期末，公司营业总收 入57.99亿元，同比下降42.85%，归母净利润6.39亿元，同比下降69.52%。按单季度数据看，第二季度 营业总收入26.61亿元，同比下降52.8%，第二季度归母净利润6610.77万元，同比下降93.56%。本报告 期晶盛机电公司应收账款体量较大，当期应收账款占最新年报归母净利润比达133.36%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率24.38%，同比减34.1%，净利率10.71%， 同比减54.51%，销售费用、管理费用、财务费用总计2.89亿元，三费占营收比4.99%，同比增77.97%， 每股净资产13.1元，同比增6.21%，每股经营性现金流0.34元，同比增55.84%，每股收益0.49元，同比减 69.38% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 101.47 Z | 57.99 Z | -42.85% | | 归母净利润(元) | 20.96 Z | 6.3 ...

经济观察网 2025年8月22日，晶盛机电(300316)发布2025年半年度报告，2025年上半年实现营业收入 57.99亿元，同比下降42.85%；实现净利润6.39亿元，同比下降69.52%；基本每股收益0.49元；加权平均 净资产收益率ROE为3.79%。 ...

Core Points - The company held its 22nd meeting of the 5th Supervisory Board on August 22, 2025, where all three attending supervisors approved the 2025 semi-annual report and its summary, confirming compliance with legal and regulatory requirements [1] - The Supervisory Board also approved the 2025 semi-annual special report on the storage and use of raised funds, affirming that the report accurately reflects the company's fundraising activities and complies with relevant regulations [2] Summary by Sections - **Meeting Details** - The meeting was convened on August 22, 2025, with all three supervisors present, meeting the legal requirements for quorum [1] - **2025 Semi-Annual Report** - The report was approved unanimously, with the Supervisory Board confirming that the preparation and review processes adhered to legal and regulatory standards, and the content accurately reflects the company's situation without any misleading statements [1] - **Special Report on Fund Usage** - The special report on the storage and use of raised funds was also unanimously approved, with the Supervisory Board stating that it accurately reflects the company's fundraising activities and complies with relevant regulations, ensuring no violations of laws or shareholder interests [2]

Core Insights - The company reported a significant decline in revenue and net profit for the first half of 2025, with operating income at 5.799 billion yuan, a year-on-year decrease of 42.85% [1] - Net profit attributable to shareholders was 639 million yuan, down 69.52% year-on-year, while the net profit excluding non-recurring gains and losses was 536 million yuan, reflecting a 74.42% decrease [1] - Basic earnings per share stood at 0.49 yuan [1] Industry Impact - The decline in revenue and profitability is attributed to the cyclical adjustment in the photovoltaic industry, leading to a drop in income and earnings from photovoltaic equipment and materials [1] - Conversely, the semiconductor business has shown continuous growth, benefiting from the ongoing development of the semiconductor industry and the acceleration of domestic production processes [1] - As of June 30, 2025, the company had over 3.7 billion yuan (including tax) in unfulfilled contracts for integrated circuits and compound semiconductor equipment [1]

格隆汇8月22日丨晶盛机电(300316.SZ)公布2025年半年度报告，上半年公司实现营业收入57.99亿元，同 比下降42.85%；归属于上市公司股东的净利润6.39亿元，同比下降69.52%；归属于上市公司股东的扣除 非经常性损益的净利润5.36亿元，同比下降74.42%；基本每股收益0.49元。 ...

浙江晶盛机电股份有限公司 非经营性资金占用及其他关联资金往来情况汇总表 2025 年 1-6 月 编制单位：浙江晶盛机电股份有限公司 单位：人民币万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上市公 | 上市公司核算 | 2025 年期初 | 2025 半年度往来累计 | 2025 半年度往来资 | 2025 半年度偿还 | 2025 | 年半年度期 | 占用形成 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 司的关联关系 | 的会计科目 | 往来资金余额 | 发生金额（不含利息） | 金的利息（如有） | 累计发生金额 | | 末往来资金余额 | 原因 | | | 控股股东、实际控制人 | | | | | | | | | | | | | 及其附属企业 | | | | | | | | | | | | | 小 计 | | | | | | | | | | | | | 其他关联方及其附属 | | | | | | | | | | | | | 企业 | | | | | | | ...

浙江晶盛机电股份有限公司 2025 年半年度募集资金存放与使用情况专项报告 本公司及董事会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。 根据深圳证券交易所印发的《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》及相关格式指引的规定，经浙江晶盛机电股份 有限公司（以下简称"公司"）第五届董事会第二十二次会议审议通过，公司编制 了《2025 年半年度募集资金存放与使用情况专项报告》如下： 一、募集资金基本情况 1、实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于同意浙江晶盛机电股份有限公司向特定 对象发行股票注册的批复》(证监许可〔2022〕947 号)，并经深圳证券交易所同 意，本公司由主承销商兴业证券股份有限公司采用向特定对象发行的方式，向特 定对象发行人民币普通股（A 股）股票 21,353,383 股，发行价为每股人民币 66.50 元，共计募集资金 142,000.00 万元，已由主承销商兴业证券股份有限公司于 2022 年 7 月 15 日汇入本公司募集资金监管账户。另减除承销保荐费、验资费、律师 费等与发行权益性证券直接 ...