神工股份：拟终止“集成电路刻蚀设备用硅材料扩产项目”

Core Viewpoint - The company, ShenGong Co., Ltd. (688233.SH), has announced the termination of its fundraising project for the "Silicon Material Expansion Project for Integrated Circuit Etching Equipment" due to significant changes in the global and Chinese market environment [1] Group 1: Project Termination - The company plans to permanently supplement its working capital with the remaining raised funds amounting to 131.947 million yuan (including interest income and cash management returns) [1] - The original planned investment for the project was 209.0566 million yuan, with a cumulative investment of 82.3133 million yuan as of January 23, 2026, representing a progress rate of 39.37% [1] - Following the termination, the corresponding fundraising account will be canceled, and the remaining funds will be redirected to support the company's daily operations related to its main business [1] Group 2: Market Conditions - The decision to terminate the project is primarily based on significant changes in the global semiconductor market demand structure [1] - While the high-end market driven by artificial intelligence is experiencing robust growth, the mature process-related market remains sluggish, leading to slower-than-expected recovery in overall demand for silicon materials used in etching equipment [1] - The company's capacity utilization rate is insufficient due to these market conditions [1]