同壁财经讯，企查查数据显示，根据《化学机械抛光机（CMP）采购项目中标结果公示》，华海清科 股份有限公司于2026年1月20日公告中标武汉高芯科技有限公司采购项目，中标金额为1000.00万元。 相关上市公司：华海清科(688120.SH) 同壁财经小贴士： 华海清科（688120.SH）2024年营业收入为34.06亿元，营业收入增长率为35.81%，归属母公司净利润为 10.23亿元，归属母公司净利润增长率为41.40%，净资产收益率为17.04%。 2025年上半年公司营业收入为19.50亿元，营业收入增长率为30.28%，归属母公司净利润为5.05亿元， 归属母公司净利润增长率为16.82%。 同壁财经讯，企查查数据显示，根据《化学机械抛光机（CMP）采购项目中标结果公示》，华海清科 股份有限公司于2026年1月20日公告中标武汉高芯科技有限公司采购项目，中标金额为1000.00万元。 相关上市公司：华海清科(688120.SH) 同壁财经小贴士： 华海清科（688120.SH）2024年营业收入为34.06亿元，营业收入增长率为35.81%，归属母公司净利润为 10.23亿元，归属母公司净利润增长率 ...

Group 1 - The semiconductor equipment ETF (159327) has seen a 0.22% increase, with a trading volume exceeding 17 million, indicating active market participation [1] - The top ten weighted stocks within the ETF show mixed performance, with notable movements including a 1.21% drop in Zhongwei Company and a 2.22% decline in Chip Source Micro [1] - The ETF has experienced net inflows for ten consecutive days, accumulating over 390 million, and its latest fund size has reached 1.125 billion, surpassing the 1 billion threshold [1] Group 2 - China's GDP has reached a new milestone of 140 trillion yuan, with a year-on-year growth of 5% [4] - By 2025, the added value of the digital product manufacturing industry is expected to grow by 9.3%, while the information transmission, software, and IT services sector is projected to grow by 11.1% [4] - The rapid development of "AI+" has led to significant production increases in storage chips and servers, with growth rates of 22.8% and 12.6% respectively [4] Group 3 - The demand for memory bandwidth and capacity driven by AI training and inference is propelling the storage industry into a new growth cycle, with both volume and price increasing [5] - The semiconductor equipment ETF focuses on critical segments such as lithography, etching, thin film deposition, cleaning equipment, and silicon wafers, covering leading companies like North Huachuang and Zhongwei Company [5] - The capital expenditure cycle in the equipment sector is expected to continue until 2030, providing long-term investment value amid the expansion of AI servers, smart terminals, and storage chips [5] Group 4 - Investors can also access the semiconductor industry through linked funds (Class A 023828, Class C 023829) to benefit from the rising industry prosperity and the dividends of domestic chip production [6]

Group 1 - SMIC (688981) is the largest and most advanced wafer foundry in mainland China, mastering 14nm FinFET technology and maintaining the highest capacity in 28nm mature process domestically, providing foundry services for storage chips [1][40] - The company has received multiple rounds of funding from the National Integrated Circuit Industry Investment Fund, playing a key role in breaking overseas dependence in the domestic storage chip manufacturing sector [1][41] - SMIC also participates in setting multiple industry standards in the domestic semiconductor manufacturing field, consolidating its core voice in the industry chain [1][41] Group 2 - North Huachuang (002371) is a leading semiconductor equipment company in Beijing, providing a full range of equipment for storage chip manufacturing, including etching machines and cleaning machines [2][40] - The company has successfully entered the supply chains of domestic storage manufacturers like Yangtze Memory Technologies and Changxin Memory Technologies, breaking the monopoly of foreign manufacturers [2][41] - With the accelerated expansion of domestic storage chip capacity, North Huachuang's equipment orders continue to grow, and it is establishing new production bases in Tianjin and Yixing [2][41] Group 3 - Hua Hong Semiconductor (688347) focuses on specialty process wafer foundry and is a key player in the domestic storage chip sector, specializing in mature processes like 90nm and 55nm [3][40] - The company provides stable foundry services for domestic storage chip design companies and is expanding its specialty process production lines with support from the National Integrated Circuit Industry Investment Fund [3][41] - Hua Hong has also achieved IATF16949 certification for automotive-grade storage chip processes, enhancing its capabilities in the automotive sector [3][41] Group 4 - Zhongwei (688012) is a global leader in semiconductor etching equipment, with its 5nm etching equipment already in commercial application [4][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants like TSMC and Micron [4][41] - Zhongwei's R&D team comprises over 70% of its workforce, and it holds more than a thousand patents, continuously increasing its market share in the etching equipment sector [4][41] Group 5 - Zhaoyi Innovation (603986) is a leading domestic NOR Flash company, ranking among the top three globally, and is one of the few domestic companies involved in DRAM chip design [5][40] - The company has achieved mass production of 19nm DRAM chips, filling a technology gap in the domestic market, and has established deep cooperation with Changxin Memory Technologies [5][41] - Zhaoyi Innovation has received support from the National Integrated Circuit Industry Investment Fund, focusing its R&D investments on high-end storage chips [5][41] Group 6 - Shengyi Technology (600183) is a leading domestic copper-clad laminate manufacturer, playing a crucial role in the localization of basic materials for the storage chip industry [6][40] - The company has entered the supply chains of major domestic storage packaging companies and provides raw materials to international giants like Samsung and SK Hynix [6][41] - Shengyi is expanding its production capacity in Shaanxi and Jiangsu, with its performance steadily growing alongside the increasing demand for domestic storage chips [6][41] Group 7 - Lanke Technology (688008) is a global leader in memory interface chips, with a market share exceeding 40% for DDR4/DDR5 memory interface chips [7][40] - The company has developed solutions for DDR5 memory interfaces in collaboration with Changxin Memory Technologies, promoting the commercialization of domestic storage modules [7][41] - Lanke's R&D investments focus on cutting-edge fields, extending its product layout into storage control chips [7][41] Group 8 - Shennan Circuits (002916) is a leading domestic printed circuit board manufacturer, focusing on high-end PCB and packaging substrate manufacturing [8][40] - The company has developed storage packaging substrates that meet high reliability and density requirements, entering the supply chains of major domestic storage manufacturers [8][41] - Shennan is also expanding its high-end packaging substrate production lines in Wuxi to further meet the needs of the storage industry [8][41] Group 9 - Jiangbolong (301308) is a leading domestic storage module company, focusing on promoting the application of domestic storage chips in various fields [9][40] - The company has established deep cooperation with domestic storage chip manufacturers and has launched products equipped with domestic storage chips [9][41] - Jiangbolong has acquired the global storage brand Lexar to leverage its overseas channels, increasing its international market presence [9][41] Group 10 - Xian Yicai-U (688783) is a key player in the domestic silicon wafer sector, focusing on the production of 12-inch polished wafers and epitaxial wafers [10][40] - The company has achieved mass production of 12-inch wafers, breaking the monopoly of foreign manufacturers [10][41] - Xian Yicai has received multiple rounds of investment from the National Integrated Circuit Industry Investment Fund, continuously releasing production capacity [10][41] Group 11 - Tuo Jing Technology (688072) is a leading domestic thin film deposition equipment manufacturer, with a market share exceeding 60% for PECVD equipment in domestic storage chip manufacturing [11][40] - The company has entered the supply chains of major domestic storage manufacturers and has also supplied equipment to overseas storage companies [11][41] - Tuo Jing's R&D investment exceeds 30%, continuously launching new equipment suitable for advanced 3D NAND processes [11][41] Group 12 - Shengmei Shanghai (688082) is a leading domestic semiconductor cleaning equipment manufacturer, developing advanced cleaning technologies for storage chip manufacturing [12][40] - The company has entered the supply chains of major domestic storage manufacturers and has also penetrated the supply chains of international giants [12][41] - Shengmei is building a new production base in Shanghai to further meet the equipment needs of storage chip manufacturers [12][41] Group 13 - Huarun Micro (688396) is a leading domestic power semiconductor company, providing packaging and testing services for storage chips [13][40] - The company has expanded its production lines for power semiconductors and storage packaging in Chongqing, enhancing its capabilities in the storage sector [13][41] - Huarun Micro's industrial-grade storage chips have achieved AEC-Q100 certification, enabling them to enter the automotive electronics market [13][41] Group 14 - Changchuan Technology (300604) is a leading domestic semiconductor testing equipment manufacturer, focusing on testing equipment for storage chips [14][40] - The company has entered the supply chains of major domestic storage manufacturers and has received investment from the National Integrated Circuit Industry Investment Fund [14][41] - Changchuan has acquired Singapore's STI company to enhance its competitiveness in the storage testing field [14][41] Group 15 - Changdian Technology (600584) is a global leader in semiconductor packaging and testing, providing high-end packaging services for domestic storage chip design companies [15][40] - The company has established R&D centers in Singapore and South Korea, taking on packaging orders from international giants [15][41] - Changdian has received support from the National Integrated Circuit Industry Investment Fund, continuously expanding its advanced packaging capacity [15][41]

Investment Rating - Industry investment rating: Outperform the market (expected to outperform the market by more than 5% in the next 6 months) [38] Core Insights - TSMC's Q4 2025 revenue and gross margin exceeded guidance, with a significant increase in capital expenditure expected for 2026. In Q4 2025, TSMC achieved revenue of NT$10,460.9 billion (up 20.5% YoY, up 5.7% QoQ), translating to USD 33.73 billion, surpassing the previous guidance of USD 32.2-33.4 billion. The gross margin was 62.3%, up 2.8 percentage points from Q3 [2][5] - For the full year 2025, TSMC reported revenue of NT$38,090.5 billion (up 31.6% YoY), with a gross margin of 59.9% (up 3.8 percentage points YoY) and a net profit of NT$17,178.8 billion (up 46.4% YoY) [2][5] - TSMC's capital expenditure for 2025 was USD 40.9 billion, with expectations for 2026 to reach USD 52-56 billion (median of USD 54 billion), a substantial increase of 32% YoY [2][8] Summary by Sections TSMC Financial Performance - In Q4 2025, TSMC's revenue was NT$10,460.9 billion, with a gross margin of 62.3% and a net profit of NT$5,057.4 billion [5][6] - For the entire year of 2025, TSMC's revenue was NT$38,090.5 billion, with a gross margin of 59.9% and a net profit of NT$17,178.8 billion [5][6] Revenue Structure - In 2025, TSMC's advanced process (7nm and below) accounted for 74% of total wafer revenue, with 3nm at 24%, 5nm at 36%, and 7nm at 14% [2][5] - By application, TSMC's revenue from HPC, smartphones, IoT, and automotive grew by 48%, 11%, 15%, and 34% YoY, respectively, making up 58%, 29%, 5%, and 5% of total revenue [2][5] Market Trends - DRAM sellers are hoarding inventory, leading to a 10% increase in mainstream DDR4 prices. The average price of mainstream DDR4 1Gx8 3200MT/s rose by 9.64% due to suppliers and traders adopting a strategy of withholding stock [12][13] - The demand for AI-related power ICs is growing, and major manufacturers are reducing production, which is expected to lead to price increases in the eight-inch wafer foundry market [20]

（文章来源：证券日报） 证券日报网讯 1月16日，华海清科发布公告称，公司2026年第一次临时股东会审议通过《关于变更经营 范围、注册资本及修订的议案》。 ...

证券代码：688120 证券简称：华海清科 公告编号：2026-004 华海清科股份有限公司 2026年第一次临时股东会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 374 | | --- | --- | | 普通股股东人数 | 374 | | 2、出席会议的股东所持有的表决权数量 | 175,801,331 | | 普通股股东所持有表决权数量 | 175,801,331 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 49.8447 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 49.8447 | 注：截至本次股东会股权登记日的总股本为 353,651,991 股，其中，公司回购专用账户 中股份数为 954,151 股，不享有股东会表决权。 （四） 表决方式是否符合《公司法》及公司 ...

致：华海清科股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受华海清科股份有限公司（以 下简称"公司"）的委托，指派本所律师列席公司 2026 年第一次临时股东会（以 下简称"本次股东会"），对本次股东会的相关事项进行见证并出具法律意见书。 本法律意见书根据《中华人民共和国公司法》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《证券法》）、《上市公司股东会规则》（以 下简称《股东会规则》）等现行有效的法律、法规、规范性文件以及《华海清科 股份有限公司章程》（以下简称《公司章程》）、《华海清科股份有限公司股东 会议事规则》（以下简称《股东会议事规则》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师审查了公司本次股东会的有关文件和材料。 本所律师得到公司如下保证，即其已提供了本所律师认为出具本法律意见书所必 需的材料，所提供的原始材料、副本、复印件、扫描件等材料、口头证言均符合 真实、准确、完整的要求，有关副本、复印件、扫描件等材料与原始材料一致。 北京市中伦律师事务所 关于华海清科股份有限公司 2026 年第一次临时股东会的 法律意见书 法律意见书 在本法律意见书中，本所律师 ...

Group 1 - The semiconductor industry is experiencing significant catalysts, with TSMC announcing a capital expenditure plan for 2026 that could reach $56 billion, a 37% increase from the actual expenditure of $40.9 billion in 2025, marking a historical high for the company [1] - The GLM-Image model, co-developed by Zhiyu and Huawei, achieved the top position on the Hugging Face global AI open-source community leaderboard within 24 hours of its release, being the first model fully trained on domestic chips [1] - According to Guosen Securities, the semiconductor sector is outperforming expectations, with price increases across multiple segments driven by AI demand, leading to a moderate recovery in industry profitability [1] Group 2 - As of January 16, 2026, the STAR Market semiconductor materials and equipment theme index (950125) surged by 4.73%, with notable stock performances including Tianyue Advanced up 20.00%, Jingsheng Shares up 12.51%, and Aisen Shares up 10.31% [1] - The STAR Market semiconductor ETF Penghua (589020) rose by 5.64%, achieving a three-day consecutive increase, with the latest price reported at 1.54 yuan [1] - The STAR Market semiconductor materials and equipment theme index reflects the overall performance of listed companies in the semiconductor materials and equipment sectors, with the top ten weighted stocks accounting for 74.05% of the index as of December 31, 2025 [2]

Core Viewpoint - The A-share market showed mixed performance with major indices declining slightly, while the semiconductor sector surged due to positive earnings from TSMC, indicating strong demand driven by AI applications [1][8]. Market Performance - The three major A-share indices closed lower: Shanghai Composite Index down 0.22% at 4103.45 points, Shenzhen Component Index down 0.1%, and ChiNext Index down 0.01% [1]. - The total market turnover reached 200.63 billion yuan, an increase of 11.11 billion yuan from the previous day, with over 3300 stocks declining [1]. Semiconductor Sector - TSMC's earnings report exceeded expectations, leading to a rise in semiconductor and photolithography sectors, with stocks like Blue Arrow Electronics and Baiwei Storage increasing over 10% [1]. - Various semiconductor ETFs saw significant gains, with the Penghua Sci-Tech Semiconductor ETF rising by 4.27% and other related ETFs also showing strong performance [3]. TSMC Financial Outlook - TSMC reported a projected net profit growth of 35% year-on-year for Q4 2025, with operating margin expectations between 54% and 56%, surpassing market estimates [8]. - The company anticipates capital expenditures to reach up to 56 billion USD in 2026, a 37% increase from 40.9 billion USD in 2025, marking a historical high [8]. AI and Semiconductor Demand - The demand for AI servers is significantly higher than for traditional servers, consuming 53% of global memory production capacity, leading to a "super bull market" in the storage sector [9]. - The semiconductor industry is experiencing a strong recovery driven by AI computing power, with a cumulative increase of 33.5% in the A-share electronics sector year-to-date [10].

Group 1 - TSMC, the world's largest chip foundry, reported impressive earnings and provided an optimistic outlook, indicating that capital expenditures will reach a record high this year [1] - TSMC's financial results and positive forecast triggered a chain reaction in the US stock market, significantly boosting the semiconductor sector and leading ASML's market value to surpass $500 billion [1] - The semiconductor industry ETFs, such as the Sci-Tech Semiconductor ETF and the Chip ETF, experienced notable increases in value and net inflows, reflecting strong investor interest [1] Group 2 - According to Caixin Securities, the AI computing power explosion is leading a strong recovery in the semiconductor industry, with revenue and net profit growth rates of 14.0% and 49.2% respectively in the first three quarters of 2025 [2] - The semiconductor industry's robust performance is solidifying the foundation for recovery, with structural opportunities remaining in AI computing power, terminal innovation, and semiconductor equipment materials as AI penetrates end-user scenarios by 2026 [2]