本报记者 陈红 11月4日，常州聚和新材料股份有限公司（以下简称"聚和材料"）发布公告称，为深入推进全球化发展战略及海外业务布 局，进一步提升品牌国际影响力与核心竞争力，巩固行业领先地位，公司正在筹划发行H股并在香港联合交易所有限公司上市 事宜。 对于此次收购，聚和材料方面表示，一方面通过境外投资补齐国内尚未实现本土化的关键半导体材料短板；另一方面依托 该业务的行业稀缺性，拓展半导体领域优质客户资源，与公司现有业务形成技术、渠道协同。 而在新业务未来规划上，聚和材料已明确多维度推进路径，公司将通过各类激励措施绑定韩国现有核心人员，以此稳固技 术与运营根基，保障现有技术水平与生产能力；同时将从多维度推进国产化与全球化布局，例如委派高级管理团队入驻，统筹 海外业务运营等。 "聚和材料此次跨界收购是其践行'光伏+半导体'双轮驱动战略的关键落子，既有效降低了对单一光伏赛道的依赖，提升了 抗周期风险能力，也为H股上市注入了新的增长故事与估值逻辑。"盘古智库（北京）信息咨询有限公司高级研究员余丰慧对 《证券日报》记者表示，随着全球光伏装机量持续增长及N型电池渗透率快速提升，公司光伏主业仍具备长期增长潜力，而半 导体新业务 ...

Group 1: Investor Relations Activity Overview - The investor relations activity was an earnings briefing held on May 9, 2025, via the "Investor Relations Interactive Platform" [3] - Key attendees included the Chairman, General Manager, and Financial Secretary of the company [3] Group 2: Industry Challenges and Company Response - The photovoltaic industry is currently in an adjustment phase, but the company remains confident in long-term prospects and is focusing on product and technology development [5] - The company is promoting products like intelligent single crystal furnaces and high-speed slicing machines to meet industry demands [5] - To navigate industry fluctuations, the company is implementing a dual-drive strategy of "photovoltaics + semiconductors" and enhancing collaboration within the supply chain [6] Group 3: Financial Performance and Future Outlook - In 2024, the company faced challenges due to supply-demand imbalances and increased competition, leading to a significant rise in impairment provisions [7][8] - The company is actively optimizing its organizational structure and expanding overseas to improve performance [8] Group 4: Order Status and Market Position - The company has a diverse order book, including photovoltaic and semiconductor equipment, with a typical order-to-revenue recognition cycle of 6-9 months [9] - The company has successfully delivered over 10,000 units of its single crystal furnace, maintaining a strong customer relationship and quality management system [10] Group 5: Client Base and Workforce Adjustments - Major clients include leading companies in the photovoltaic and semiconductor sectors, with a growing international customer base [11] - Workforce reductions were made to optimize resource allocation and control labor costs in response to industry trends [12] Group 6: Product Development and Competitive Edge - The company has launched a new generation of N-type low-oxygen photovoltaic single crystal furnaces and is committed to ongoing R&D for product advancement [13] - Significant breakthroughs have been achieved in semiconductor manufacturing equipment, with new orders for 8-inch and 12-inch single crystal furnaces [15] Group 7: International Expansion Efforts - The company is expanding its overseas presence, establishing subsidiaries in the U.S. and Southeast Asia to enhance market reach [16] Group 8: Stock Performance Insights - Stock price fluctuations are influenced by macroeconomic conditions and industry policies, urging investors to remain cautious [17]