Group 1 - The semiconductor materials and equipment theme index on the STAR Market experienced a slight decline of 0.01% as of August 14, 2025, with mixed performance among constituent stocks [1] - Longtu Guochao led the gains with an increase of 18.46%, while Shanghai Hejing saw the largest decline at 6.80% [1] - The STAR semiconductor ETF (588170) rose by 0.09%, marking its fourth consecutive increase, with a latest price of 1.09 yuan [1] Group 2 - Zhongyuan Securities noted that the domestic semiconductor equipment and components localization rate remains relatively low, indicating potential benefits for companies capable of advanced process breakthroughs [2] - Advanced packaging is identified as a key technology for enhancing chip performance, particularly for advanced AI computing chips, which are expected to drive significant growth in the sector [2] - The STAR semiconductor ETF (588170) tracks the semiconductor materials and equipment theme index, focusing on companies in semiconductor equipment (59%) and materials (25%) [2]

Core Viewpoint - Shanghai Hojin Silicon Materials Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase exceeding 30% over two consecutive trading days on August 12 and 13, 2025, indicating abnormal trading activity [2][3]. Group 1: Stock Trading Abnormality - The company's stock price deviation is classified as abnormal trading behavior according to the Shanghai Stock Exchange's regulations [2][3]. - The company confirmed that there are no undisclosed significant information affecting the stock price as of the announcement date [4]. Group 2: Company Operations and Major Events - The company reported that its production and operational activities are normal, with no significant changes in market conditions, industry policies, production costs, or sales [4]. - There are no major events or undisclosed information related to significant asset restructuring, share issuance, debt restructuring, or other major corporate actions that could impact stock trading [5]. Group 3: Media Reports and Market Rumors - The company found no media reports or market rumors that could significantly affect its stock price, emphasizing that all relevant information is based on official announcements [6]. Group 4: Board of Directors' Statement - The Board of Directors confirmed that there are no undisclosed matters that should be reported according to the relevant regulations, and they have not been made aware of any information that could significantly impact stock trading [9].

（编辑 任世碧） 证券日报网讯 8月13日晚间，上海合晶发布公告称，公司股票交易于2025年8月12日、8月13日连续两个 交易日内收盘价格涨幅偏离值累计超过30%，属于股票交易异常波动情形。经公司自查并向控股股东书 面发函查证，截至本公告披露日，不存在应披露而未披露的重大信息。 ...

证券代码：688584 证券简称：上海合晶 公告编号：2025-035 上海合晶硅材料股份有限公司 股票交易异常波动公告 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。 重要内容提示： 上海合晶硅材料股份有限公司（以下简称"公司"）股票交易于2025年 8月12日、8月13日连续两个交易日内收盘价格涨幅偏离值累计超过30%。根据 《上海证券交易所交易规则》《上海证券交易所科创板股票异常交易实时监控 细则》的有关规定，属于股票交易异常波动情形。 经公司自查并向控股股东书面发函查证，截至本公告披露日，不存在 应披露而未披露的重大信息。 公司股价短期波动幅度较大，敬请广大投资者注意市场交易风险，理 性决策，审慎投资。 一、股票交易异常波动的具体情况 公司股票交易于2025年8月12日、8月13日连续两个交易日内收盘价格涨幅 偏离值累计超过30%，根据《上海证券交易所交易规则》《上海证券交易所科 创板股票异常交易实时监控细则》的有关规定，属于股票交易异常波动的情形。 二、公司关注并核实的相关情况 针对公司股票交易异常波动的情况，经 ...

(本文来自第一财经) 上海合晶发布异动公告，公司股票交易连续两个交易日内收盘价格涨幅偏离值累计超过30%，属于股票 交易异常波动情形。经公司自查，公司目前生产经营活动一切正常，市场环境、行业政策没有发生重大 调整、生产成本和销售等情况没有出现大幅波动、内部生产经营秩序正常。截至本公告披露日，除公司 已披露事项外，公司及公司控股股东不存在影响公司股票交易价格异常波动的重大事宜；不存在其他涉 及公司应披露而未披露的重大信息，包括且不限于与公司相关的重大资产重组、股份发行、债务重组、 业务重组、重大资产剥离和重大资产注入等重大事项。 ...

Core Viewpoint - Shanghai Hojin Silicon Materials Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase exceeding 30% over two consecutive trading days on August 12 and 13, 2025 [1] Summary by Relevant Sections - **Stock Price Movement** - The stock price of Shanghai Hojin has shown abnormal volatility, with a cumulative increase of over 30% in closing prices during the specified trading days [1] - **Regulatory Compliance** - The company has adhered to the Shanghai Stock Exchange's trading rules and the real-time monitoring guidelines for abnormal trading on the Sci-Tech Innovation Board [1] - **Company Self-Verification** - Following self-examination and written inquiries to its controlling shareholder, the company confirmed that there are no undisclosed significant information as of the announcement date [1] - **Management Trading Activity** - The company verified that its controlling shareholder, directors, and senior management did not engage in buying or selling the company's stock during the period of abnormal trading [1]

Group 1 - The company Shanghai Hejing announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of over 30% in closing prices over two consecutive trading days on August 12 and August 13, 2025 [1] - The company conducted a self-examination and sent a written inquiry to its controlling shareholder, confirming that there is no significant information that should have been disclosed but was not [1] - The company cautioned investors about the significant short-term volatility in its stock price and advised them to be aware of market trading risks and to make rational investment decisions [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the benchmark index within the next six months [5][13]. Core Views - The company is expected to experience a recovery in demand and an increase in the domestic market share of 8-inch epitaxial wafers due to high barriers to entry and the ongoing trend of domestic substitution. The company aims to become a benchmark for 8-inch products, focusing on high-barrier specialty products [3][4]. - The company plans to expand its 12-inch product capacity significantly, with a phased approach to increase production from over 40,000 pieces per month to a total of 100,000 pieces per month by the end of 2026. This includes a focus on power devices and CIS (CMOS Image Sensors) [4]. - Revenue projections for the company are optimistic, with expected revenues of 1.33 billion, 1.66 billion, and 2.00 billion yuan for 2025, 2026, and 2027 respectively, alongside net profits of 151 million, 188 million, and 236 million yuan for the same years [5][9]. Summary by Sections Company Overview - The latest closing price is 22.86 yuan, with a total market capitalization of 15.2 billion yuan and a circulating market value of 7.8 billion yuan. The company has a total share capital of 6.65 billion shares, with a debt-to-asset ratio of 9.4% and a price-to-earnings ratio of 127.00 [2]. Financial Forecasts - The company is projected to achieve revenues of 1.11 billion yuan in 2024, with a year-on-year growth rate of -17.76%. This is expected to rebound to 20.21% in 2025, 24.63% in 2026, and 20.56% in 2027. The net profit is forecasted to decline to 120.78 million yuan in 2024, followed by increases to 150.69 million yuan in 2025, 188.42 million yuan in 2026, and 235.69 million yuan in 2027 [9][12].

Market Overview - The semiconductor sector increased by 1.04% on August 13, with Zhongchuan Special Gas leading the gains [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Top Gainers in Semiconductor Sector - Zhongchuan Special Gas (688146) closed at 44.86, up 20.01% with a trading volume of 310,400 shares and a transaction value of 1.376 billion [1] - Sawing Wall Technology (688270) closed at 68.51, up 15.63% with a trading volume of 262,800 shares [1] - Shanghai HePin (688584) closed at 26.18, up 14.52% with a trading volume of 431,000 shares [1] - Liyang Chip (688135) closed at 24.40, up 14.23% with a trading volume of 183,600 shares [1] Decliners in Semiconductor Sector - Juguang Technology (688167) closed at 100.20, down 3.65% with a trading volume of 62,400 shares [2] - Xindao Technology (688230) closed at 72.71, down 2.56% with a trading volume of 32,900 shares [2] - Jinghua Micro (688130) closed at 25.52, down 2.48% with a trading volume of 52,800 shares [2] Capital Flow Analysis - The semiconductor sector experienced a net outflow of 2.551 billion from institutional investors, while retail investors saw a net inflow of 2.53 billion [2] - The net inflow from speculative funds was 20.592 million [2] Individual Stock Capital Flow - Haowei Group (603501) had a net inflow of 476 million from institutional investors, while it faced a net outflow of 240 million from speculative funds [3] - Ziguang Guowei (002049) saw a net inflow of 199 million from institutional investors, with a net outflow of 85.01 million from speculative funds [3] - Long Electric Technology (600584) had a net inflow of 169 million from institutional investors, with a net outflow of 39.93 million from speculative funds [3]

Core Viewpoint - Shanghai Hejing experienced a significant stock price increase of 14.52% on August 13, with a trading volume of 1.093 billion yuan and a market capitalization of 17.422 billion yuan [1] Group 1: Company Overview - Shanghai Hejing Silicon Materials Co., Ltd. specializes in the research, production, and sales of semiconductor silicon epitaxial wafers, with its core products being 8-inch and smaller epitaxial wafers used for power devices and analog chips [2] - The company has been recognized as a national-level "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title for small and medium-sized enterprises in China [2] - As of July 18, the number of shareholders in Shanghai Hejing was 15,900, a decrease of 5.34% from the previous period, with an average of 21,413 circulating shares per person, an increase of 5.64% [7] Group 2: Financial Performance - For the first quarter of 2025, Shanghai Hejing reported a revenue of 280 million yuan, representing a year-on-year growth of 12.47%, and a net profit attributable to shareholders of 19.2076 million yuan, up 5.15% year-on-year [7] - The company’s revenue from silicon epitaxial wafers constitutes 96.34% of its total revenue, with silicon materials and other services making up 3.00% and 0.66%, respectively [7] - The company has distributed a total of 332 million yuan in dividends since its A-share listing [8] Group 3: Market Dynamics - The company benefits from a high overseas revenue ratio of 85.40%, which is positively impacted by the depreciation of the Chinese yuan [3] - The stock has seen a net inflow of 19.6105 million yuan from major investors today, with a total of 1.3 billion yuan over the past three days, indicating a trend of increasing investment [5] - The average trading cost of the stock is 19.03 yuan, with the current price approaching a resistance level of 27.30 yuan, suggesting potential for upward movement if this level is surpassed [6]