| 保荐人名称：招商证券股份有限公司 | 被保荐公司简称：矽电股份 | | --- | --- | | 保荐代表人姓名：胡洋洋 | 联系电话：021-58835116 | | 保荐代表人姓名：包晓磊 | 联系电话：021-58835116 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 次 0 | | 2.督导公司建立健全并有效执行规章制度 | | | 的情况 | | | （1）是否督导公司建立健全规章制度（包 | | | 括但不限于防止关联方占用公司资源的制 | 是 | | 度、募集资金管理制度、内控制度、内部审 | | | 计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 保荐机构每月查询公司募集资金专户资金 | | | 变动情况和大额资金支取使用情况 | | （2）公司募集资金项目进展是否与信息披 | 是 | | 露文件一致 | | ...

9月12日，矽电股份跌0.01%，成交额1.54亿元。两融数据显示，当日矽电股份获融资买入额1120.35万 元，融资偿还1479.97万元，融资净买入-359.62万元。截至9月12日，矽电股份融资融券余额合计1.55亿 元。 融资方面，矽电股份当日融资买入1120.35万元。当前融资余额1.55亿元，占流通市值的9.53%。 截至6月30日，矽电股份股东户数1.05万，较上期减少29.53%；人均流通股994股，较上期增加41.91%。 2025年1月-6月，矽电股份实现营业收入1.82亿元，同比减少36.88%；归母净利润2135.61万元，同比减 少62.29%。 分红方面，矽电股份A股上市后累计派现3997.47万元。 融券方面，矽电股份9月12日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元。 资料显示，矽电半导体设备(深圳)股份有限公司位于广东省深圳市龙岗区龙城街道黄阁坑社区龙城工业 园3号厂房三楼东区、五楼中西区，成立日期2003年12月25日，上市日期2025年3月24日，公司主营业务 涉及主要从事半导体专用设备的研发、 ...

Core Insights - On September 11, 2023, Silicondale Co., Ltd. saw a stock price increase of 2.10% with a trading volume of 171 million yuan [1] - As of June 30, 2023, the company reported a significant decline in revenue and net profit compared to the previous year [2] Financial Performance - For the first half of 2025, Silicondale achieved revenue of 182 million yuan, a year-on-year decrease of 36.88% [2] - The net profit attributable to shareholders was 21.36 million yuan, down 62.29% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amounted to 39.97 million yuan [3] Shareholder Information - As of June 30, 2023, the number of shareholders decreased by 29.53% to 10,500 [2] - The average number of circulating shares per shareholder increased by 41.91% to 994 shares [2] - Notable new institutional shareholders include: - First major shareholder: Fortune New Industry Stock A/B with 226,200 shares [3] - Seventh major shareholder: Hong Kong Central Clearing Limited with 84,200 shares [3] - Tenth major shareholder: Fortune Innovative Enterprises Flexible Allocation Mixed (LOF) A with 62,800 shares [3] Business Overview - Silicondale specializes in the research, production, and sales of semiconductor equipment, focusing on probe testing technology [1] - The main revenue sources are: - Die probe stations: 54.52% - Wafer probe stations: 34.00% - Other: 11.48% [1]

Group 1 - The semiconductor equipment industry is expected to enter a golden development period, with revenue and net profit of companies in this sector showing a continuous growth trend from 2021 to 2024, with revenue growth exceeding 25% and net profit growth exceeding 20% year-on-year [1] - Forecasts indicate that semiconductor equipment companies will maintain revenue growth rates exceeding 25% in 2025 and 2026, with 2025 potentially exceeding 30%, outpacing the overall growth of the semiconductor equipment market in mainland China [1] - A total of 16 companies are predicted to see a significant decline in forward P/E ratios, with net profit growth expected to exceed 10% for 2025 and 2026, and P/E ratios for 2026 forecasted to drop by over 20% compared to the latest rolling P/E [1] Group 2 - Specific companies such as Jing Sheng Co., Zhongke Feicai, and Fuchuang Precision are expected to see their P/E ratios decline by over 75% [1] - The table lists various semiconductor equipment companies along with their year-to-date performance, market capitalization ratios, and projected net profit growth for 2025 and 2026, highlighting significant potential in the sector [2] - For instance, Zhongke Feicai is projected to have a net profit increase of 89.98% in 2026, while Fuchuang Precision is expected to see a 55.68% increase [2]

Group 1 - The core viewpoint of the articles highlights the significant performance of new stocks in the market this year, with an average first-day increase of 240% for 67 new stocks listed in the first eight months, and no stocks experiencing a decline on their debut [1][2] - Among the 67 new stocks, 60 had a first-day increase exceeding 100%, with 40 surpassing 200%, and 19 exceeding 300%, indicating a strong bullish sentiment in the market [1][3] - The top three performing new stocks based on first-day increase were Jiangnan New Materials (603124) at 606.83%, Guangxin Technology at 500.00%, and Dingjia Precision at 479.12% [1] Group 2 - The profitability of new stocks on their first day is notable, with 49 out of 55 new stocks yielding over 10,000 yuan per share, resulting in a "ten-thousand yuan meat sign rate" of 89.09% [2] - The highest single-sign profit was recorded at 64,900 yuan for Ying Shi Innovation, followed by Hongjing Optoelectronics at 59,100 yuan and Tongyu New Materials at 53,800 yuan [2] - The average turnover rate for the 67 new stocks was 79.44%, with 36 stocks exceeding an 80% turnover rate, indicating a high level of trading activity on the first day [3] Group 3 - The average increase since listing for the 67 new stocks is 238.17%, with some stocks, like Xingtou Measurement and Control, experiencing cumulative increases exceeding 10 times their initial price [3] - A senior private equity executive noted that the relatively low valuation of new stock issuances this year, combined with speculative trading by large investors, has led to significant price surges, although caution is advised against chasing high valuations [3]

Core Viewpoint - The company has established itself as the largest probe station equipment manufacturer in mainland China, leveraging over 20 years of technological accumulation and partnerships with key industry players [1][2]. Group 1: Company Overview - Founded in 2003, the company is a national high-tech enterprise focused on probe testing technology research and mass production of probe stations, with applications in optoelectronic chips, integrated circuits, and discrete devices [1]. - The company is the first in mainland China to achieve industrial application of 12-inch wafer probe station equipment, with annual sales of 12-inch probe stations increasing steadily [1]. - The company has a strong customer base, with over 50% market share in similar procurement among leading industry clients [3]. Group 2: Financial Performance - In 2024, the company achieved revenue of 508 million yuan and a net profit attributable to shareholders of 92 million yuan, with a CAGR of 40.3% in revenue from 2019 to 2024 [1]. - Revenue from chip probe stations and wafer probe stations was 281 million yuan and 184 million yuan, respectively, with a 20% decline in chip probe station revenue in 2024 due to the LED industry's downturn [1]. Group 3: Market Potential and Competitive Landscape - The probe station is one of the three core testing devices in semiconductor manufacturing, with the market for probe stations in mainland China expected to reach 459 million USD by 2025, primarily dominated by Japanese and Taiwanese companies [2]. - The company has successfully mass-produced the next-generation fully automatic high-precision 12-inch probe station, PT-930, achieving positioning accuracy of ±1.3um, competing effectively with leading Taiwanese firms [2]. Group 4: Strategic Partnerships and Investments - The company has formed stable long-term partnerships with clients, with significant investments from strategic stakeholders like Huawei Hubble, which acquired 4% of the company’s shares prior to its IPO [3]. - The IPO fundraising project plans to invest 261 million yuan to expand probe station production capacity, aiming for an annual sales revenue of 200 million yuan from 12-inch semiconductor wafer probe stations upon full production [4].

Core Viewpoint - The recent financial report of Silicon Electric Co., Ltd. (301629) indicates a significant decline in revenue and net profit for the first half of 2025 compared to the previous year, raising concerns about the company's financial health and operational efficiency [1]. Financial Performance - The total revenue for the first half of 2025 was 182 million yuan, a decrease of 36.88% year-on-year [1]. - The net profit attributable to shareholders was 21.36 million yuan, down 62.29% year-on-year [1]. - In Q2 2025, total revenue was 89.24 million yuan, reflecting a 54.21% decline year-on-year, while net profit for the same period was 9.85 million yuan, down 76.89% [1]. - The gross margin was 40.13%, an increase of 3.13% year-on-year, while the net margin fell to 11.69%, a decrease of 40.20% [1]. - Total expenses (selling, administrative, and financial) amounted to 20.62 million yuan, representing 11.36% of total revenue, which is an increase of 117.26% year-on-year [1]. Key Financial Ratios - The return on invested capital (ROIC) for the previous year was 13.28%, indicating strong capital returns [2]. - The historical median ROIC since the company’s listing is 13.78%, suggesting good investment returns [2]. - The company’s cash assets are reported to be very healthy, indicating strong liquidity [2]. Accounts Receivable and Earnings Forecast - The accounts receivable to profit ratio has reached 162.9%, suggesting potential issues with cash flow management [2]. - Analysts expect the company's performance in 2025 to reach 104 million yuan, with an average earnings per share forecast of 2.52 yuan [2]. Product Development and Market Position - The company is the first in China to achieve industrial application of 12-inch wafer probe stations, breaking the monopoly of foreign manufacturers in several semiconductor product areas [3]. - The company is actively advancing equipment validation in the high-end 12-inch IC testing market and plans to enhance cooperation with existing clients while increasing investment in this market segment [3].

Group 1 - The core viewpoint of the article highlights the financial performance of Silicon Power Co., which reported a significant decline in both revenue and net profit for the first half of the year [1] - The company's half-year operating revenue was 181,603,703.69 yuan, representing a year-on-year decrease of 36.88% [1] - The net profit attributable to shareholders of the listed company was 21,356,119.70 yuan, showing a year-on-year decline of 62.29% [1] Group 2 - The announcement indicates that among the top ten circulating shareholders, the National Social Security Fund's 114 portfolio is a new institutional investor [1] - Other new circulating shareholders include various investment funds and individual investors, such as the Industrial and Commercial Bank of China and Shenzhen Qianhai Fangwei Investment Management Co., Ltd. [1]

智通财经APP讯，矽电股份(301629.SZ)发布2025年半年度报告，该公司营业收入为1.82亿元，同比减少 36.88%。归属于上市公司股东的净利润为2135.61万元，同比减少62.29%。归属于上市公司股东的扣除 非经常性损益的净利润为1956.34万元，同比减少64.75%。基本每股收益为0.58元。 ...

矽电半导体设备（深圳）股份有限公司 2025 年半年度财务报告 矽电半导体设备（深圳）股份有限公司 2025 年半年度财务报告 【2025 年 8 月】 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：矽电半导体设备（深圳）股份有限公司 2025 年 06 月 30 日 1 矽电半导体设备（深圳）股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 533,759,214.85 | 278,908,254.88 | 单位：元 项目 期末余额 期初余额 流动资产： 货币资金 539,682,505.60 281,268,140.95 结算备付金 拆出资金 交易性金融资产 135,000,000.00 0.00 衍生金融资产 应收票据 24,872,449.98 68,712,642.98 应收账款 149,654,570.57 160,873,792.07 应收款项融资 19,084,230.44 ...