点击 最 下方 " 推荐"、"赞 "及" 分享 "，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 导语 ： 在半导体产业链加速自主可控的浪潮下，科睿迅（上海）材料科技有限公司凭借突破性技术，成 为国内首家实现 CMP 后清洗晶圆刷国产化的企业。其自主研发的半导体级 PVA 清洗刷已通过国内头部 Fab 厂验证，填补了国内空白，为中国半导体材料国产化注入强劲动力。 核心技术突破：打破国际垄断的 "中国刷" 半导体制造中，CMP（化学机械抛光）后的清洗环节直接影响芯片良率，晶圆表面的纳米级污染物可能导 致芯片失效。传统硬质刷辊容易划伤晶圆，且静电吸附会引发二次污染。科睿迅核心产品 —— CMP 后清 洗 刷辊 ，采用国际领先的 PVA（聚乙烯醇）材料技术，通过发泡工艺形成多孔结构，具备三大核心优 势： 高效清洁 ： 吸水后柔软弹性的刷毛可精准移除晶圆表面颗粒污染物，同时避免划痕； 超高洁净度 ： 百级洁净室生产工艺确保刷毛无颗粒脱落，符合半导体行业严苛标准； 2024 年 9 月，科睿迅 南通经开区年产 20 万支半导体用 PVA 清洗刷项目 正式落成，这是国内首条该类 产品量产线，彻底打破 10 ...

Group 1 - The core viewpoint of the article highlights that Zhongke Shuguang is facing external challenges due to U.S. sanctions, prompting the company to increase R&D spending and enhance self-research capabilities [1] - The company plans to focus on domestic production and increase investment in R&D to diversify product offerings and boost high-value service revenue [1] - The merger with Haiguang Information aims to consolidate core strengths to jointly invest in high-end chip and solution development, enhancing customer satisfaction through integrated technology solutions [1] Group 2 - The initiative will promote the large-scale application of domestic chips in key industries such as government, finance, telecommunications, and energy [1] - The overall goal is to foster a healthy development of China's information industry by building a systematic IT infrastructure from the ground up to application [1]

注：指数/基金短期涨跌幅及历史表现仅供分析参考，不预示未来表现。市场观点随市场环境变化而变 动，不构成任何投资建议或承诺。文中提及指数仅供参考，不构成任何投资建议，也不构成对基金业绩 的预测和保证。如需购买相关基金产品，请选择与风险等级相匹配的产品。基金有风险，投资需谨慎。 半导体设备ETF（代码：159516）跟踪的是半导体材料设备指数（代码：931743），该指数成分股涵盖 半导体材料和设备制造领域的上市公司，反映该行业证券的整体表现。指数成分股具有高成长性和高技 术壁垒的特征，行业配置集中于半导体产业链上游环节，包括晶圆制造设备、测试设备、光刻胶等核心 细分领域。 没有股票账户的投资者可关注国泰中证半导体材料设备主题ETF发起联接A（019632），国泰中证半导 体材料设备主题ETF发起联接C（019633）。 相关机构表示，受部分原厂停产 DDR4 影响，部分现货 DDR4 颗粒近半月以来价格涨幅已超 50%，涨 价效应持续传导至内存条端。根据 CFM 数据，DDR4 4Gb eTT/DDR4 8Gb 3200 本周（5 月 20 日）报价 为 0.70/2.00 美元，周度涨幅为 27.27%/25 ...

截至2025年5月27日 11:00，中证半导体材料设备主题指数下跌0.40%。成分股方面涨跌互现，广钢气体 领涨1.83%，沪硅产业上涨1.73%，天岳先进上涨1.47%；拓荆科技领跌2.52%，长川科技下跌2.12%，金 海通下跌2.07%。半导体材料ETF(562590)下跌0.57%，最新报价1.05元。拉长时间看，截至2025年5月26 日，半导体材料ETF近1年累计上涨29.78%。 湘财证券认为，DeepSeek为代表的国内AI大模型技术崛起及破圈，带动端侧AI算力的需求上行，驱动 高性能以太网交换机、先进存储产品、GPU及边缘计算/端侧算力芯片等多种半导体硬件的市场需求稳 步增长。传统消费电子领域，智能手机、PC及IOT板块弱复苏态势延续，上游IC设计企业业绩有望稳步 增长。地缘政治风险加剧，国产化替代仍为大势所趋。建议持续关注半导体行业。 半导体材料ETF（562590）及其联接基金（A/C：020356；020357）紧密跟踪中证半导体材料设备指 数，指数中半导体设备（55.8%）、半导体材料（21.3%）占比靠前，合计权重超77%，充分聚焦指数主 题，锚定半导体产业发展，精准锚定芯片制造 ...

消息面上，据每日经济新闻，5月26日晚，Arm官网重新发布新闻稿，修改了此前"Custom Silicon"的描 述，确认玄戒O1由小米自主研发。Arm在新闻稿中表示，小米全新自研芯片采用Arm架构，标志着双方 15年合作的里程碑。玄戒O1芯片由小米旗下玄戒芯片团队打造，采用最新的Armv9.2 Cortex CPU集群 IP、Immortalis GPU IP和CoreLink系统互连IP，全面支持3nm先进制程工艺。在小米玄戒团队的后端和 系统级设计下，这款芯片带来了出色的性能与能耗表现。 华福证券认为，玄戒的推出有助于提升我国高端SoC的研发设计能力，长期看好芯片产业链的国产化升 级。 湘财证券指出，2025年以来，消费电子延续复苏态势，人工智能技术的进步推动AI基建需求维持高景 气，同时，AI技术在终端上的落地推动端侧硬件升级，推动端侧SOC、散热材料等零部件赛道景气度高 企。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 5月27日，A股三大指数集体低开后走势震荡。盘面上，科创芯片指数截至发稿下跌0.38%。 相关ETF方面，科创芯片ETF（58 ...

中化新网讯 5月13日，中煤鄂能化公司乌审召分公司应用国产催化剂在聚烯烃中心装置成功完成聚丙烯 抗冲产品转产，这在国内尚属首次，突破了国内同类产品生产长期依赖进口催化剂的技术瓶颈，标志着 聚丙烯抗冲产品生产实现了国产催化剂应用—工艺操作技术全体系自主可控，填补了我国在该领域特种 催化剂生产应用的空白。 面对制约行业发展的关键核心技术难题，中煤鄂能化公司与国内催化剂厂家开展多次技术交流，通过深 度整合催化剂生产企业的技术创新能力与鄂能化公司在生产运营、工艺技术领域的积淀，协同创新实现 催化剂关键技术突破，为国内同类企业提供了国产化方案。一是算法赋能精准预测。基于催化剂平行数 据对比分析，利用先进过程控制系统与已有工艺数学模型对转产过程进行模拟与预测，精准制定关键技 术控制指标；二是全流程风险管控。依托催化剂实验室、中试过程及结果分析，对催化剂性能风险、试 用过程风险进行再评估，制定专项技术管控措施，确保国产化试验风险可控；三是技术体系成果深入应 用。根据前期生产数据与技术经验总结，采用多项技术创新与工艺优化措施，系统性解决了国产催化剂 应用难、切换不稳定等问题以及单耗能耗高、低稳定性、过渡料多等技术瓶颈，为国产 ...

Core Insights - The inkjet printer market in China is experiencing a decline due to economic fluctuations, budget tightening, and consumer downgrade, with a projected shipment volume of 7.292 million units in 2024, representing an 8.7% year-on-year decrease [1][15][13] - Despite the overall decline, there is an anticipated recovery in demand in the second half of 2024, particularly driven by back-to-school season and the increasing importance of printers among students [1][15] - The market is expected to benefit from the continuous innovation in inkjet technology and an improvement in the economic environment, leading to a potential rebound in shipment volumes [1][15] Industry Overview - Inkjet printers are non-contact printers that recreate digital images by pushing ink droplets through nozzles onto paper and plastic substrates [1][15] - The technology includes ion ink, which is guided by a magnetic plate to spray onto paper, and is utilized across various industries such as advertising, textiles, packaging, education, and pharmaceuticals [1][15] - The classification of inkjet printers can be based on various factors including maximum print width, ink cartridge type, and whether they support network printing [4][5] Market Trends - The inkjet printer market in China saw a steady increase in shipments from 2017 to 2022, but has faced a downturn from 2023 to 2024 [1][15] - The overall printer market in China is projected to have a total shipment volume of 15.308 million units in 2024, with inkjet printers becoming the largest category, surpassing laser printers [13][15] - The market size for inkjet printers in China is estimated to be around $704 million in 2024, reflecting a shift towards inkjet technology due to its advantages in small batch printing and color output [16] Competitive Landscape - The competitive landscape of the inkjet printer market in China is characterized by a dual-track system where foreign companies dominate the high-end market while local companies are emerging through differentiated innovation [18][20] - Major international players include Epson, HP, Canon, and Brother, while local companies like Honghua Digital and Xiaomi are expanding their market presence [18][20] - The industry is witnessing a trend towards green and smart products, with a focus on low-energy consumption and recyclable materials, as well as the integration of IoT technologies for remote management and cloud printing [26][27] Future Outlook - The demand for inkjet printers is expected to continue growing due to the acceleration of digital transformation, with increasing needs from home offices, online education, and small businesses [25] - The commercial market for inkjet printers is projected to expand further, driven by the demand for short-run printing and personalized packaging [27] - The trend towards green and intelligent products will shape the future of the inkjet printer market, with a focus on sustainable practices and advanced technology integration [26][27]

Industry Overview - Photovoltaic silver powder is a crucial component of silver paste, accounting for over 74% of its cost, and its quality directly affects the resistance of electrode materials and the photoelectric efficiency [1][4] - The silver powder market in China is projected to grow from 10.4 billion yuan in 2020 to 38.7 billion yuan in 2024, with expectations to exceed 50 billion yuan by 2025 [1][8] Global Market - The global photovoltaic silver powder market is expected to grow from 12.6 billion yuan in 2020 to 41.9 billion yuan in 2024, reflecting a year-on-year increase of 36.93%, with a forecast of reaching 57 billion yuan by 2025 [6] Domestic Market - The domestic market is experiencing accelerated growth due to the increasing demand for silver paste driven by the transition from P-type to N-type batteries, which has led to higher silver paste consumption [8][19] - The average price of photovoltaic silver powder in China rose from 4,700 yuan per kilogram in 2020 to 6,500 yuan per kilogram in 2024, with a compound annual growth rate of 8.4% [12] Competitive Landscape - The global market for photovoltaic silver powder is relatively concentrated, with fewer than 20 manufacturers, including dominant players like Japan's DOWA and America's AMES [14] - Domestic companies such as Suzhou Simit, Ningbo Jinxin, and Shandong Jianbang are increasing their market share and improving product quality, gradually breaking the monopoly of foreign firms [14][19] Development Trends 1. **Accelerated Localization**: The domestic photovoltaic silver powder industry is rapidly advancing in localization, with production increasing from 0.3 thousand tons in 2020 to 5.1 thousand tons in 2024, a compound annual growth rate of 103.1% [19] 2. **Technological Advancements**: The demand for low-temperature silver powder is rising due to technological advancements, particularly for HJT batteries, which are becoming mainstream [20] 3. **Growing Market Demand**: The global demand for renewable energy is driving the expansion of the photovoltaic silver powder market, with projections for the Chinese market to reach 52.9 billion yuan in 2025 and potentially exceed 102.9 billion yuan by 2029 [21]

Core Viewpoint - Anhui Fuhuang Steel Structure Co., Ltd. plans to acquire 100% equity of Hefei Zhongke Junda Vision Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds from specific investors [9][10]. Group 1: Transaction Overview - The transaction involves purchasing 100% equity of Zhongke Junda for a total consideration of 114,000 million yuan [10][19]. - The company aims to raise up to 40,000 million yuan through the issuance of shares to no more than 35 specific investors [14][16]. - The transaction is classified as a major asset restructuring and will not change the controlling shareholder or actual controller of the company [11][17]. Group 2: Financial Impact - Post-transaction, the company's total assets are projected to increase by 5.17% to 1,072,851.52 million yuan, while total liabilities will rise by 1.96% to 706,617.09 million yuan [19]. - The net profit attributable to shareholders is expected to grow by 30.07%, reaching 6,682.37 million yuan, significantly enhancing the company's profitability [19][20]. - Basic earnings per share will decrease slightly from 0.12 yuan to 0.11 yuan due to dilution effects, but the overall transaction is expected to improve the company's earnings capacity [20]. Group 3: Business Transition - The acquisition marks a strategic shift from traditional steel structure manufacturing to high-speed visual perception and measurement technology, which is anticipated to cultivate new profit growth points for the company [17]. - The target company specializes in the research, development, production, and sales of high-speed imaging and analysis systems, aligning with the company's goal of upgrading its business model [10][17]. Group 4: Shareholding Structure - Before the transaction, the total share capital of the company is 435,268,478 shares, which will increase to 620,849,868 shares post-transaction [17][18]. - The shareholding structure will see changes, with Fuhuang Construction's stake increasing from 33.22% to 35.38% after the transaction [18]. Group 5: Regulatory Compliance - The transaction is subject to approval from relevant authorities, and it cannot be implemented until such approvals are obtained [20]. - The company has committed to ensuring the accuracy and completeness of the information provided in the transaction documents, taking legal responsibility for any misrepresentation [3][5].

这是一场可能深刻改写中国算力产业格局的重大资产重组。若 交易最终完成，一个总市值超过4000亿元的计算产业联合体 或将正式诞生，并将实质影响中国半导体产业的未来走向。 作者： 郑晨烨 封图：图虫创意 5月26日，海光信息技术股份有限公司（688041.SH，下称"海光信息"）和曙光信息产业股份有限 公司（603019.SH，下称"中科曙光"）分别发布了关于筹划重大资产重组的停牌公告：海光信息计 划通过向中科曙光全体A股换股股东发行A股股票的方式，换股吸收合并中科曙光，同时还将发行 A股股票募集配套资金；两家公司股票自5月26日起停牌，预计停牌时间不超过10个交易日。 海光信息和中科曙光都有中科院背景。其中，海光信息是一家在CPU（中央处理器）设计领域近 年来迅速崛起的头部企业，当前市值约为3160亿元；中科曙光则是一家服务器与高性能计算 （HPC）市场的资深厂商，当前市值约为906亿元。此次战略重组若顺利完成，将成为5月16日 《上市公司重大资产重组管理办法》正式修订发布后的首单A股上市公司之间的吸收合并交易。 这是一场可能深刻改写中国算力产业格局的重大资产重组。若交易最终完成，一个总市值超过 4000亿元的 ...