兴业证券也认为，2024年光刻先行，同时国产设备先进工艺突破与验证持续推进；未来3年， "先进工 艺扩产"或将成为自主可控主线。 半导体设备ETF（561980）跟踪中证半导，标的指数中"半导体设备+材料"含量约70%，前十大重仓中 微公司、北方华创、寒武纪-U、中芯国际、海光信息、长川科技等头部设备、材料、集成电路设计与 制造厂商，聚焦"卡脖子"攻坚领域。 10月24日，芯片、AI算力板块持续拉升。 截至午盘，"设备"双强北方华创、中微公司联袂走强，分别涨2.56%、4.96%，拓荆科技大涨5.10%，长 川科技、中科飞测涨超4%，中芯国际、海光信息、南大光电等涨超3%；中际旭创大涨6.60%，新易盛 涨超4%，中科曙光涨3.66%。 ETF方面，截至午盘，云计算ETF（159890）涨2.04%；半导体设备ETF（561980）涨3.54%，数据显 示近10个交易日内获资金净流入超3.4亿元。 | | 1 0 8 +0.068 +3.54% | | | 半导体设备ETF1 561980 | ਐੱ | | --- | --- | --- | --- | --- | --- | | | SSE CNY 11: ...

Core Viewpoint - Nanda Optoelectronics has shown a significant increase in stock price and trading volume, indicating strong market interest and potential growth in the electronic materials sector [1][2]. Company Performance - As of September 30, Nanda Optoelectronics reported a total of 130,200 shareholders, an increase of 23.39% from the previous period [2]. - The company achieved a revenue of 1.229 billion yuan for the first half of 2025, representing a year-on-year growth of 9.48% [2]. - The net profit attributable to shareholders for the same period was 208 million yuan, reflecting a year-on-year increase of 16.30% [2]. Stock Market Activity - On October 21, Nanda Optoelectronics' stock price rose by 2.02%, reaching 38.83 yuan per share, with a trading volume of 766 million yuan and a turnover rate of 3.03% [1]. - The stock has increased by 21.74% year-to-date, but has seen a decline of 6.93% over the last five trading days [1]. - The company has a total market capitalization of 26.838 billion yuan [1]. Shareholder Composition - As of June 30, 2025, the top ten circulating shareholders included several ETFs, with E Fund's ChiNext ETF holding 14.6025 million shares, an increase of 2.1233 million shares from the previous period [3]. - Southern CSI 500 ETF entered the top ten shareholders with 10.2679 million shares [3]. - Other notable shareholders include Guolian An's CSI All-Index Semiconductor Products and Equipment ETF, which increased its holdings by 182.55 million shares [3]. Business Overview - Nanda Optoelectronics specializes in the production, research, and sales of advanced electronic materials, with applications in integrated circuits, flat panel displays, LEDs, third-generation semiconductors, photovoltaics, and semiconductor lasers [1]. - The company's revenue composition includes specialty gas products (60.95%), precursor materials (27.80%), and other products (7.02%) [1].

截至9月30日，南大光电股东户数13.02万，较上期增加23.39%；人均流通股5042股，较上期减少 18.96%。2025年1月-6月，南大光电实现营业收入12.29亿元，同比增长9.48%；归母净利润2.08亿元，同 比增长16.30%。 分红方面，南大光电A股上市后累计派现5.07亿元。近三年，累计派现2.93亿元。 机构持仓方面，截止2025年6月30日，南大光电十大流通股东中，易方达创业板ETF（159915）位居第 三大流通股东，持股1460.25万股，相比上期增加212.33万股。南方中证500ETF（510500）位居第六大 流通股东，持股1026.79万股，为新进股东。国联安中证全指半导体产品与设备ETF联接A（007300）位 居第七大流通股东，持股733.42万股，相比上期增加182.55万股。华安创业板50ETF（159949）位居第 十大流通股东，持股553.06万股，相比上期增加54.76万股。南方中证1000ETF（512100）退出十大流通 股东之列。 责任编辑：小浪快报 10月20日，南大光电涨0.08%，成交额10.81亿元。两融数据显示，当日南大光电获融资买入额1.31 ...

Investment Rating - The report maintains a "Strong Buy" rating for the oil and petrochemical sector [1]. Core Viewpoints - Geopolitical risks in the Middle East have eased, leading to a continued downward trend in oil prices. WTI crude futures fell by 1.00% and Brent crude futures by 1.21% during the period from October 10 to October 17, 2025 [6]. - OPEC's latest monthly market report maintains its global oil demand growth forecast for the next two years, predicting an increase of 1.3 million barrels per day in 2025 and 1.4 million barrels per day in 2026 [6]. - The domestic oil companies are reducing their sensitivity to oil price fluctuations through upstream and downstream integration and diversifying their oil and gas sources [7]. Summary by Sections Oil and Petrochemicals - Geopolitical tensions have decreased, resulting in a downward trend in oil prices. The easing of risks is reflected in the signing of a ceasefire agreement in Gaza and calls for further implementation of the ceasefire by the UN [6]. - The U.S. government is facing a budget impasse, which is impacting economic operations and creating uncertainty regarding fiscal policies [6]. - The report suggests that while short-term oil price risks may persist, the long-term outlook remains anchored by fundamental demand growth [7]. Fluorochemicals - The supply of popular fluorinated refrigerants is tight, leading to continued price increases. R32 refrigerant prices remain high, and R134a prices are also on the rise due to supply constraints and increasing domestic demand [6][7]. - The report highlights that the production of second-generation refrigerants is declining, while third-generation refrigerants have limited quota increases, stabilizing market competition [6]. Semiconductor Materials - The semiconductor sector is experiencing an upward cycle, supported by improving fundamentals and domestic substitution trends. The report recommends focusing on companies like Nanda Optoelectronics and Shanghai Xinyang [7].

Core Points - Nanda Optoelectronics announced the completion of its "photoresist project" funded by a specific stock issuance in 2021, with remaining unutilized funds redirected to other investment projects [1] - The "hexafluorobutadiene industrialization project" has been terminated and sold in its entirety, with the remaining unutilized funds permanently supplementing working capital [1] - The company has completed the account closure procedures for the relevant fundraising accounts and notified the sponsoring institution and representative [1] Summary by Category - **Project Completion** - The "photoresist project" has been completed, and unutilized funds have been reallocated [1] - **Project Termination** - The "hexafluorobutadiene industrialization project" has been terminated and sold, with remaining funds added to working capital [1] - **Account Management** - The company has closed the relevant fundraising accounts and terminated the tripartite supervision agreement with the sponsoring institution [1]

证券代码：300346 证券简称：南大光电 公告编号：2025-057 江苏南大光电材料股份有限公司 关于部分募集资金专户完成销户的公告 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。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意江苏南大光电材料股份有限公司向特定对象 发行股票注册的批复》（证监许可【2021】1772号）同意注册，江苏南大光电材料股份有 限公司（以下简称"公司"）于2021年7月发行人民币普通股股票15,290,596股，每股面值 1.00元，发行价格为每股40.09元，募集资金总额为人民币612,999,993.64元，扣除承销费用、 保荐费用以及其他上市费用后的募集资金净额为602,348,978.65元。截至2021年8月2日，上 述人民币普通股A股股票发行及募集资金的划转已经全部完成，募集资金业经中审众环会 计师事务所（特殊普通合伙）予以验证并出具"众环验字（2021）1100020号"《验资报告》。 二、募集资金存放和管理情况 为规范公司募集资金管理和使用，保护中小投资者的合法权益，根据《上市公司募集 资金监管规则》《 ...

10月15日，南大光电跌1.89%，成交额21.30亿元。两融数据显示，当日南大光电获融资买入额2.42亿 元，融资偿还2.93亿元，融资净买入-5162.65万元。截至10月15日，南大光电融资融券余额合计21.70亿 元。 融资方面，南大光电当日融资买入2.42亿元。当前融资余额21.56亿元，占流通市值的7.62%，融资余额 超过近一年90%分位水平，处于高位。 融券方面，南大光电10月15日融券偿还5.18万股，融券卖出1.64万股，按当日收盘价计算，卖出金额 67.13万元；融券余量34.55万股，融券余额1414.26万元，超过近一年90%分位水平，处于高位。 资料显示，江苏南大光电材料股份有限公司位于江苏省苏州工业园区胜浦平胜路67号，成立日期2000年 12月28日，上市日期2012年8月7日，公司主营业务涉及从事先进电子材料生产、研发和销售的高新技术 企业,产品广泛应用于集成电路、平板显示、LED、第三代半导体、光伏和半导体激光器的生产制造。 主营业务收入构成为：特气产品60.95%，前驱体材料(含MO源)27.80%，其他7.02%，其他(补 充)4.23%。 截至9月30日，南大光电股东 ...

Group 1 - Semiconductor equipment stocks experienced a decline in early trading, with Zhongke Feimeasure down over 6%, Fuchuang Precision down over 5%, Hu Silicon Industry down over 3%, and Nanda Optoelectronics down over 2% [1] - Several semiconductor-related ETFs also fell by more than 2% due to market conditions [1] Group 2 - The current demand in the semiconductor industry remains strong, and the domestic substitution is continuously advancing, indicating a good demand for domestic semiconductor equipment [2] - It is recommended to focus on the "domestic substitution" theme, particularly on companies that have achieved technological breakthroughs in key areas and have entered the mainstream chip manufacturing supply chain [2]

数据显示，国联安基金旗下1只基金位居南大光电十大流通股东。国联安中证全指半导体产品与设备 ETF联接A（007300）二季度增持182.55万股，持有股数733.42万股，占流通股的比例为1.12%。根据测 算，今日浮亏损失约1855.56万元。 国联安中证全指半导体产品与设备ETF联接A（007300）成立日期2019年6月26日，最新规模16.69亿。 今年以来收益50.82%，同类排名553/4220；近一年收益72.8%，同类排名222/3857；成立以来收益 204.49%。 国联安中证全指半导体产品与设备ETF联接A（007300）基金经理为黄欣、章椹元。 10月14日，南大光电跌5.53%，截至发稿，报43.20元/股，成交18.34亿元，换手率6.33%，总市值298.58 亿元。 资料显示，江苏南大光电材料股份有限公司位于江苏省苏州工业园区胜浦平胜路67号，成立日期2000年 12月28日，上市日期2012年8月7日，公司主营业务涉及从事先进电子材料生产、研发和销售的高新技术 企业,产品广泛应用于集成电路、平板显示、LED、第三代半导体、光伏和半导体激光器的生产制造。 主营业务收入构成为：特 ...

Summary of Key Points Core Viewpoint - As of October 13, the total market financing balance reached 2.43 trillion yuan, reflecting a slight increase from the previous trading day, indicating ongoing investor interest in the market [1]. Financing Balances - The financing balance for the Shanghai Stock Exchange was 1.23 trillion yuan, up by 29.58 million yuan, while the Shenzhen Stock Exchange saw a decrease of 7.55 million yuan, bringing its balance to 1.19 trillion yuan. The North Exchange's financing balance increased by 3.71 million yuan to 75.10 million yuan [1]. Individual Stock Performance - On October 13, 1,844 stocks received net financing purchases, with 509 stocks having net purchases exceeding 10 million yuan. Notably, 42 stocks had net purchases over 100 million yuan. Northern Rare Earth topped the list with a net purchase of 790 million yuan, followed by CATL and Huahong Semiconductor with net purchases of 604 million yuan and 594 million yuan, respectively [1]. Industry Analysis - Among the stocks with net purchases exceeding 100 million yuan, the sectors with the highest concentration were non-ferrous metals, electronics, and electrical equipment, with 10, 10, and 6 stocks respectively [1]. Stock Financing Ratios - The average ratio of financing balance to circulating market value for stocks with significant net purchases was 3.79%. The stock with the highest ratio was Sihuan Pharmaceutical, with a financing balance of 1.28 billion yuan, accounting for 10.47% of its market value. Other notable stocks included Wangsu Science & Technology and Nanda Optoelectronics, with ratios of 7.91% and 7.18% respectively [2]. Top Net Purchases - The top net purchases on October 13 included: - Northern Rare Earth: 789.52 million yuan, 4.36% of market value - CATL: 604.47 million yuan, 1.11% of market value - Huahong Semiconductor: 594.17 million yuan, 4.36% of market value - Other significant stocks included Baogang Co., Zhongjin Gold, and Shanghai Electric [3][4].