证券代码：688798 证券简称：艾为电子 公告编号：2025-050 上海艾为电子技术股份有限公司 第四届董事会第十四次会议决议公告 本公司董事会及全体董事保证本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。 一、董事会会议召开情况 上海艾为电子技术股份有限公司（以下简称"公司"或"本公司"）于 2025 年 10 月 26 日在公司会议室以现场结合通讯的方式召开了第四届董事会第十四次 会议（以下简称"本次会议"）。本次会议的通知于 2025 年 10 月 16 日通过邮件、 电话或其他通讯方式送达全体董事。会议应出席董事 5 人，实际到会董事 5 人， 会议由公司董事长孙洪军先生主持。本次会议的召集、召开符合《中华人民共和 国公司法》等法律、法规、规范性文件和《上海艾为电子技术股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，会议决议合法、有效。 二、董事会会议审议情况 本次会议经全体董事表决，形成决议如下： （一）审议通过《关于公司<2025年第三季度报告>的议案》 董事会对公司《2025年第三季度报告》发表如下审核意见： （1）20 ...

上海艾为电子技术股份有限公司 2025 年第三季度报告 证券代码：688798 证券简称：艾为电子 上海艾为电子技术股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 806,869,228.98 | 2.8 ...

Core Viewpoint - The article emphasizes the need for early investment in extreme ultraviolet (EUV) photoresist technology to catch up with international peers in the semiconductor industry [8]. Group 1: Research Breakthroughs - A research team led by Professor Peng Hailin from Peking University has made significant advancements in the field of photoresist, utilizing cryo-electron tomography (Cryo-ET) to analyze the micro-3D structure and behavior of photoresist molecules in liquid environments [1][4]. - The study published in *Nature Communications* indicates that the proposed method can achieve over 99% improvement in reducing pattern defects in lithography processes [1][5]. Group 2: Technical Insights - The research reveals that the behavior of photoresist in developing solutions has been poorly understood, leading to trial-and-error approaches in the industry, which hampers the optimization of advanced manufacturing processes [3][4]. - The study suggests that suppressing polymer entanglement during the development process is crucial for mitigating surface defects, with an optimal post-exposure bake (PEB) temperature of 105°C recommended to facilitate polymer disentanglement [4][5]. Group 3: Market Context - The global semiconductor photoresist market is projected to grow from approximately $2.685 billion in 2024 to $4.547 billion by 2031, indicating a significant opportunity for domestic companies to enhance their market presence [8]. - Major players in the photoresist market include Tokyo Ohka Kogyo, JSR, and Shin-Etsu Chemical, predominantly from Japan, the U.S., and South Korea, with the top five companies holding about 86% of the market share in 2023 [8]. Group 4: Future Directions - The article highlights the importance of collaboration between industry and academia to address manufacturing defects in semiconductor production, with a call for domestic researchers to focus on EUV photoresist development to keep pace with international advancements [8]. - Recent achievements in photoresist research from various Chinese universities indicate a growing capability in the field, with ongoing efforts to transition research outcomes into practical applications [7].

Core Points - The Sci-Tech Innovation 50 Index opened high on October 27 but experienced fluctuations, ultimately closing significantly higher at 1484.21 points, with an increase of 1.50% and a trading range of 2.29% [1] - The Sci-Tech Comprehensive Index also rose by 1.43%, closing at 1685.37 points, with a total trading volume of 268.6 billion yuan [2] - A total of 589 stocks in the Sci-Tech Board saw more gains than losses, with an average increase of 1.13% and an average turnover rate of 3.34% [2] Stock Performance - Star Ring Technology led the gains with a rise of 16.47%, while Huitai Medical experienced the largest drop at 13.44% [3] - In terms of trading volume, Cambrian Technology topped the list with 18.76 billion yuan, while ST Guandian had the lowest at 811,000 yuan [4] - Aisen Co., Ltd. had the highest turnover rate at 24.06%, while Weigao Orthopedics had the lowest at 0.34% [5]

Group 1 - The semiconductor equipment ETF (561980) has seen a significant increase, rising by 3.26% with a trading volume of 252 million as of 13:50 [1] - Notable gains in constituent stocks include a more than 16% increase in the photoresist stock Jingrui Electric Materials, over 7% in Aisen Co. and Jinhaitong, and a 6.06% rise in Nanda Optoelectronics [1] - Equipment manufacturers such as Tuojing Technology rose over 8%, while Zhongke Feicai and Zhongwei Company increased by over 4%, and Beifang Huachuang rose by 3.42% [1] Group 2 - A significant breakthrough has been achieved in China's photoresist field, with a team from Peking University using cryo-electron tomography to analyze the micro three-dimensional structure of photoresist molecules in liquid phase, leading to a new industrialization scheme that significantly reduces photoresist defects [3] - Semiconductor materials are essential in the manufacturing of integrated circuits, discrete devices, sensors, and optoelectronic devices, forming the basis of semiconductor manufacturing processes [3] - According to TECHCET data, the semiconductor manufacturing materials market is expected to grow nearly 8% year-on-year by 2025, with an annual compound growth rate (CAGR) of 5.6% from 2023 to 2028, potentially exceeding 84 billion by 2028 [3] - The semiconductor equipment ETF (561980) tracks the CSI semiconductor index, with approximately 70% weight in "semiconductor equipment + materials," and has reported a net value growth rate of 61.46% over the past six months and 89.26% over the past year [3]

Group 1 - The Shanghai Composite Index is approaching 4000 points, with active trading in the semiconductor equipment and materials sectors [1] - The Sci-Tech Semiconductor ETF (588170) and Semiconductor Materials ETF (562590) both saw gains exceeding 3% in the afternoon session, with trading volumes surpassing 500 million and 100 million respectively [1] - Notable stocks in the ETFs include Jingrui Electric Materials, Nanda Optoelectronics, and Aisen Co., which experienced significant price increases [1] Group 2 - The Sci-Tech Semiconductor ETF (588170) tracks the Shanghai Stock Exchange Sci-Tech Board Semiconductor Materials and Equipment Theme Index, focusing on semiconductor equipment (61%) and materials (23%) [2] - The semiconductor equipment and materials industry is a key area for domestic substitution, characterized by low domestic production rates and high potential for domestic replacement, benefiting from the expansion of semiconductor demand driven by the AI revolution [2] - The Semiconductor Materials ETF (562590) also emphasizes semiconductor equipment (61%) and materials (21%), focusing on the upstream semiconductor sector [2] Group 3 - Recent data indicates that the Sci-Tech Semiconductor ETF (588170) has seen a net inflow of 210 million yuan over the past five trading days, with an average daily net inflow of 41.91 million yuan [1] - The Semiconductor Materials ETF (562590) has also shown active buying, accumulating a total of 2.00766 million yuan over the last 12 trading days [1] - According to Galaxy Securities, funding is concentrated around the theme of technological self-reliance, with visibility of orders for leading semiconductor equipment companies expected to continue improving [1]

Core Viewpoint - The A-share market is experiencing a significant rise, with the Shanghai Composite Index approaching 4000 points, driven by multiple favorable factors including U.S.-China trade negotiations and supportive monetary policy [1][2]. Market Analysis - The A-share market is buoyed by several positive developments: - U.S.-China trade talks have reached a basic consensus, with the U.S. Treasury Secretary stating that there are no plans to impose a 100% tariff on China [2]. - The People's Bank of China has injected 900 billion yuan through Medium-term Lending Facility (MLF) operations to support market liquidity [2]. - There is an increasing expectation of a 25 basis point rate cut by the Federal Reserve, which is enhancing market sentiment [2]. Sector Performance - **Steel and Non-ferrous Metals**: These sectors saw significant gains, with stocks like Xiamen Tungsten hitting the daily limit [2]. - **Computing Power Hardware**: Stocks in this category, including Zhongji Xuchuang, reached historical highs, with Zhongji Xuchuang's stock price surpassing 500 yuan for the first time [2][4]. - **Coal Sector**: The coal sector is recovering, with Zhengzhou Coal Electricity hitting the daily limit [2]. - **Chip Industry**: The chip sector is rebounding, with stocks like Dawi Co. hitting the daily limit [2]. - **Nuclear Fusion Concept**: This concept remains active, with Dongfang Tantalum achieving a historical high [2]. Institutional Perspectives - **Huaxi Securities**: The firm believes that the "slow bull" market trend will continue, supported by recent positive developments in U.S.-China trade talks and other geopolitical factors [6][7]. - **CITIC Securities**: The firm notes a return to performance-driven market dynamics, highlighting two emerging trends: the safety of industrial chains and the expansion of AI from cloud to edge [8]. - **Zhongtai Securities**: The firm maintains a bullish outlook on the index, particularly in technology and manufacturing sectors, and suggests focusing on AI and related fields [9].

Market Overview - On October 27, A-shares opened higher across the board, with notable gains in sectors such as communication equipment, semiconductors, CPO concepts, components, and electrical equipment [1] - Conversely, sectors like coal, banking, oil, and hotel catering experienced declines [1] Stock Performance - The stock of Xiangcai Co. (600095) saw a significant increase, reaching a peak of 14.57, marking a rise of 9.41% [2] - Securities stocks experienced a surge, with Xiangcai Co. hitting the limit up, and other securities firms like CITIC Securities, Dongxing Securities, GF Securities, and Guosen Securities also rising [3] Hong Kong Market - The Hang Seng Index and Hang Seng Tech Index both opened higher, with tech stocks continuing to rise; Alibaba increased by nearly 3% and Tencent by nearly 2% [4] - Pharmaceutical stocks rebounded, with WuXi AppTec rising by nearly 6%, and precious metals and other sectors saw broad gains, with Luoyang Molybdenum rising over 7% [4] Emerging Concepts - The controllable nuclear fusion concept stocks showed strong fluctuations, with Dongfang Tantalum rising for two consecutive days, and companies like Nuwai Co. and Anhui Instrument Technology hitting the limit up [6] - The Central Committee's proposal for the 15th Five-Year Plan emphasizes the development of future industries, including nuclear fusion energy, as a new economic growth point [8] Computing and Storage - Computing hardware stocks were active, with Dongtian Microelectronics rising over 16% and Shijia Photon increasing over 13% [9] - The storage chip sector was also lively, with Puran Co. surging by 10% to reach a new high, driven by major suppliers like Samsung and SK Hynix adjusting prices by up to 30% to meet the rising demand for AI-driven storage chips [10] Quantum Technology - Quantum technology stocks saw rapid growth, with Dahua Intelligent hitting three consecutive limits up, and companies like Geer Software and Keda Guochuang also rising [12] - Reports indicated that Google's quantum AI lab achieved a verifiable quantum advantage with its "Willow" chip, while China's telecom quantum research institute made breakthroughs in quantum communication [14] Lithium and Other Concepts - Lithium mining stocks rose, with Fangyuan Co. increasing over 12%, alongside other companies like Xinxinda and Guoxuan High-Tech showing significant gains [12] - The photoresist concept stocks opened significantly higher, with Tongcheng New Materials hitting the limit up and other companies like Aisen Co. and Jingrui Electric Materials rising over 10% [12]

Core Viewpoint - The significant rise in the photoresist sector is driven by the establishment of China's first EUV photoresist standard and recent breakthroughs in photoresist technology, indicating a positive outlook for the industry [1][2]. Group 1: Market Performance - The photoresist concept saw a substantial increase on the 27th, with companies like Jingrui Electric Materials hitting a 20% limit up, and others such as Canaan Technology and Nanda Optoelectronics rising over 13% [1]. - The market for photoresists in China is projected to grow to over 11.4 billion yuan in 2024 and reach 12.3 billion yuan by 2025 [2]. Group 2: Technological Advancements - A team led by Professor Peng Hailin from Peking University has achieved a breakthrough by using cryo-electron tomography to analyze the micro-3D structure and entanglement behavior of photoresist molecules in a liquid phase, which can guide the development of industrial solutions to reduce photoresist defects [1][2]. - The new standard for EUV photoresists, titled "Testing Methods for Extreme Ultraviolet (EUV) Photoresists," was publicly announced on October 23, with a deadline for comments set for November 22 [1]. Group 3: Industry Implications - The advancements in photoresist technology are expected to benefit the entire semiconductor supply chain, including upstream material suppliers, equipment manufacturers, midstream photoresist producers, and downstream application companies [2].

Group 1 - The storage chip sector experienced a partial pullback on October 27, with notable declines in certain companies [1] - SMIC (中芯国际) turned negative, while Dahua Technology (大华股份) opened flat [1] - Aisen Technology (艾森股份) and Feikai Materials (飞凯材料) saw a decrease in their growth rates, and Huahong Semiconductor (华虹公司) dropped over 3% [1]