A股光刻机指数一年涨130%，产业链名单曝光

Core Viewpoint - The semiconductor manufacturing sector, particularly the photolithography machine segment, is experiencing significant market interest and activity, especially with the recent unveiling of EUV projection lithography equipment by Shanghai Micro Electronics (SMEE) at the China International Industry Fair [1][2]. Market Dynamics - The surge in the photolithography machine concept stocks is driven by rising semiconductor prices and heightened market expectations, with leading companies like Zhangjiang Hi-Tech (600895.SH) hitting historical highs and other related stocks also seeing substantial gains [2][6]. - The Wind photolithography index has increased nearly 130% over the past year, with a notable peak on September 24 [2]. Industry Landscape - The global photolithography market is dominated by ASML, which holds over 80% market share, particularly in the high-end EUV segment, with reported net sales of €7.7 billion and a year-on-year growth of 23% [9][10]. - Japanese competitors Nikon and Canon have minimal market shares, primarily focusing on mature process equipment [10]. Domestic Developments - The domestic photolithography machine market is still in its infancy, with a current localization rate of only 2.5%, and SMEE being the leading domestic manufacturer with over 80% market share [10][12]. - Recent advancements in domestic photolithography technology include the development of key components for machines capable of producing chips at 28nm nodes, indicating progress towards self-sufficiency in this critical technology [7][12]. Supply Chain and Challenges - The domestic photolithography supply chain includes upstream materials, midstream system integration, and downstream applications, but faces challenges in technology and supply chain issues [12][13]. - Key players in the domestic supply chain include companies like Chipbond Technology, Fuchuang Precision, and others, which are involved in various components essential for photolithography machines [13][14]. Future Outlook - The expectation for breakthroughs in the domestic photolithography machine industry is rising, driven by geopolitical factors limiting access to foreign technology [12][16]. - The development of photolithography technology in China requires a collaborative effort among state institutions, research organizations, and key companies to achieve supply chain independence [16].