来源：市场资讯 有投资者在互动平台向中天精装提问："建议公司以2025年为战略转折年，加速半导体业务落地，同步 推进资本市场沟通，最终实现从'建筑装饰企业'向'半导体科技集团'的华丽转身。" 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 针对上述提问，中天精装回应称："尊敬的投资者，您好！2025年是战略转型的重要阶段，公司在平稳 运营装修装饰业务的基础上，保持战略定力、纵深布局半导体产业链，各项经营计划逐步落地，发展情 况稳定向好：公司通过对外投资半导体产业链细分领域优质标的企业，以应用场景为牵引，布局半导体 ABF载板、HBM设计制造、先进封装等环节，半导体业务相关参控股企业发展情况良好。公司同时在 装修装饰业务'一体化服务'、央/国企战略合作等方向积极布局，推进内控革新、组织减负等，2025年前 三季度着力加快资产周转、夯实财务根基，持续改善现金流质量和提升经营效率。公司始终注重并将持 续加强投资者关系管理，及时、准确传递公司经营动态和投资价值，保障投资者权益、增进投资者对公 司的了解。感谢您的关注和支持！" ...

证券代码：002989 证券简称：中天精装 债券代码：127055 债券简称：精装转债 深圳中天精装股份有限公司 投资者关系活动记录表 编号：2025-002 投资者关系活动 类别 □ 特定对象调研 □ 分析师会议 □ 媒体采访 □ 业绩说明会 □ 新闻发布会 □ 路演活动 □ 现场参观 ☑ 其他（2025 年度深圳辖区上市公司投资者网上集体接待日活动） 参与单位名称及 人员姓名 投资者网上提问 时间 2025 年 11 月 20 日 （周四）下午 14:30~17:00 地点 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采用网络远 程的方式召开业绩说明会 上市公司接待人 员姓名 1、董事长楼峻虎 2、总经理王新杰 3、联席总经理张安 4、财务负责人陶阿萍 5、独立董事伍安媛 6、董事会秘书陈文娟 投资者关系活动 主要内容介绍 公司就投资者在本次说明会中提出的问题进行了回复，提问及回复主 要内容如下： 1、公司三季度业绩如何？ 尊敬的投资者，您好！公司 2025 年前三季度累计营业收入为 2.12 亿 元，净利润为-0.62 亿元，经营性现金流量为 2.74 亿元；截至 202 ...

Core Viewpoint - Beijing Saiwei Electronics Co., Ltd. plans to acquire a stake in Beijing Xindonglai Semiconductor Technology Co., Ltd. for no more than 60 million yuan, aiming to hold up to 11% of Xindonglai post-transaction, which will become an associate subsidiary of Saiwei [1][3]. Summary by Sections Acquisition Details - The acquisition involves shares held by four parties: Hainan Yimai Technology Co., Ltd. (4.11%), Beijing Beigong Huaiwei Sensor Technology Equity Investment Fund (3.00%), Huzhou Nanxun Xunyu Equity Investment Partnership (2.8%), and Haichuang Intelligent Equipment (Yantai) Co., Ltd. (1.09%) [3]. - The overall valuation of Xindonglai is estimated at no more than 520 million yuan, based on its 5 billion yuan post-financing valuation from May 2025, alongside its current operational status and future prospects [3]. Related Party Transactions - The transaction is classified as a related party transaction, with Hainan Yimai and Haichuang Intelligent Equipment being controlled by Saiwei's chairman, Yang Yunchun, who also served as Xindonglai's chairman in the past 12 months [4]. - Other transaction parties are not related to Saiwei, ensuring compliance and legitimacy of the transaction [4]. Strategic Implications - This investment is seen as a strategic move for Saiwei to expand its business boundaries and enhance its industrial ecosystem, leveraging Xindonglai's experience in the semiconductor field to create synergies with Saiwei's existing MEMS manufacturing and integrated circuit packaging businesses [6]. - Xindonglai, established in February 2023, specializes in lithography machines and has capabilities in self-research and mass production, covering areas such as lithography machine restoration and high-quality spare parts supply [6]. Financial Overview of Xindonglai - As of December 31, 2024, Xindonglai reported total assets of 114.75 million yuan and net assets of 33.60 million yuan, with revenues of 76.30 million yuan and net profits of 7.29 million yuan for the same year [6]. - For the first nine months of 2025, Xindonglai's total assets reached 416.35 million yuan, with net assets of 106.90 million yuan, but reported a net loss of 1.58 million yuan [6]. Current Status of the Transaction - As of the announcement date, Saiwei has not yet signed a formal share transfer agreement, and negotiations are still ongoing [7].

Core Viewpoint - The establishment of Shanghai Jittacreaton Semiconductor Co., Ltd. with a registered capital of 720 million RMB marks a significant step in enhancing the competitiveness of the semiconductor industry in China, particularly in specialized chip manufacturing [1][4]. Company Overview - Shanghai Jittacreaton Semiconductor Co., Ltd. was officially established on October 20, 2025, with a registered capital of 720 million RMB [1][2]. - The company is wholly owned by Shanghai Jittacreaton Semiconductor Co., Ltd. and operates in various sectors including sales of semiconductor discrete devices, power electronic components, and electronic products [2][3]. Industry Context - Since its inception in 2017, Jittacreaton Semiconductor has focused on the research and production of integrated circuit chips, providing core chip manufacturing platforms and technical services for automotive electronics, industrial control, and high-end consumer electronics [3][4]. - The company has established two production bases in the Lingang New Area and Xupu District, with a combined capacity of 300,000 chips per month, equivalent to 8-inch wafer production [4]. Strategic Importance - The formation of Shanghai Jittacreaton Semiconductor Co., Ltd. signifies a crucial advancement in the company's efforts to enhance its industrial chain layout and market competitiveness [4]. - This initiative is expected to bolster China's independent innovation capabilities in the specialized chip sector, providing stronger chip support for critical areas such as automotive electronics and industrial control [4].

Core Viewpoint - Shenzhen Yingtang Intelligent Control Co., Ltd. (Yingtang Zhikong) announced a suspension of trading as it plans to acquire stakes in two semiconductor companies, aiming to enhance its semiconductor business and overall competitiveness [1][2][3] Group 1: Acquisition Details - Yingtang Zhikong intends to acquire 100% equity of Guilin Guanglong Integrated Technology Co., Ltd. and 76% equity of Shanghai Aojian Microelectronics Technology Co., Ltd. [1][2] - Guilin Guanglong was established in 2018 with a registered capital of 50 million yuan, focusing on AI application software development and optoelectronic device manufacturing [1] - Shanghai Aojian, founded in 2015 with a registered capital of approximately 10.53 million yuan, specializes in high-performance analog and mixed-signal chip design, with applications in communication base stations and servers [2] Group 2: Financial Performance and Market Activity - Prior to the suspension, Yingtang Zhikong's stock price was active, closing at 11.42 yuan per share on October 24, with a 9.91% increase and a trading volume of 1.501 billion yuan [2] - The company's total market capitalization is approximately 12.96 billion yuan [2] Group 3: Strategic Direction - Yingtang Zhikong aims to accelerate its semiconductor business through acquisitions, transitioning from an electronic component distributor to a semiconductor IDM (Integrated Device Manufacturer) [3] - The company reported a revenue of 213 million yuan from its chip design and manufacturing business in the first half of 2025, a year-on-year increase of 24.57%, accounting for 8.06% of total revenue [3] - R&D investment has significantly increased, with 99.45 million yuan in 2024 (up 155.99%) and 56.37 million yuan in the first half of 2025 (up 61.83%), with R&D personnel making up 31.85% of the workforce [3]

Core Viewpoint - The company, Silan Microelectronics, has signed a strategic cooperation agreement with the Xiamen Municipal Government to enhance its semiconductor industry chain layout, focusing on the construction of a 12-inch integrated circuit chip manufacturing line [1][3]. Investment Details - The total planned investment for the 12-inch chip project is 20 billion yuan, with a production capacity of 45,000 wafers per month, implemented in two phases [1]. - Phase one involves an investment of 10 billion yuan, with 6.01 billion yuan as equity and 3.99 billion yuan from bank loans, aiming for a monthly production capacity of 20,000 wafers [1]. - Phase two will also require an investment of 10 billion yuan, which will increase the monthly production capacity by an additional 25,000 wafers, reaching a total annual production of 540,000 wafers [1]. Company Structure and Capital Increase - Silan Jihua, established in June this year, is wholly owned by Silan Microelectronics and will see an increase in registered capital by 5.1 billion yuan, with contributions from Silan Microelectronics, Xiamen Silan, Xiamen Semiconductor, and New Wing Technology [2]. - After the capital increase, Silan Microelectronics' shareholding will be 25.12%, while Xiamen Semiconductor and New Wing Technology will hold 24.96% and 34.94%, respectively [2]. Strategic Importance - The investment is expected to provide financial support for the construction and operation of the 12-inch chip project, enhancing the company's strategic positioning in the high-end analog integrated circuit chip sector [3]. - The company aims to leverage opportunities in emerging industries such as new energy vehicles, computing servers, and robotics to drive continuous growth in its main business [3].

Core Viewpoint - Company Silan Microelectronics (士兰微) is significantly investing in a new 12-inch high-end analog integrated circuit chip manufacturing project, with a total planned investment of 20 billion yuan, aiming to enhance its position in the semiconductor industry [1][2]. Group 1: Investment and Project Details - The company and its wholly-owned subsidiary, Xiamen Silan Micro, plan to invest 5.1 billion yuan in their subsidiary, Silan Jihua, for the 12-inch high-end analog integrated circuit chip manufacturing project [1][2]. - The total planned investment for the project is 20 billion yuan, with a production capacity of 45,000 wafers per month, to be implemented in two phases [2]. - Phase one of the project will require an investment of 10 billion yuan, with 6.01 billion yuan as equity and 3.99 billion yuan as bank loans, aiming for a monthly production capacity of 20,000 wafers [2][3]. Group 2: Financial Performance - In the first half of 2025, the company reported a revenue of 6.336 billion yuan, a year-on-year increase of 20.14%, and a net profit of 265 million yuan, marking a turnaround from losses [4]. - The company anticipates a balanced production and sales situation in the second half of the year, particularly in the automotive and white goods markets, which are expected to peak in the fourth quarter [4].

Core Insights - The acquisition of Shibaura Electronics by Yageo has successfully crossed the 50.01% threshold, with Yageo now holding approximately 87% of Shibaura's shares, indicating a significant strategic move in the electronic components industry [1] - Yageo's acquisition aims to enhance its sensor business and integrate Shibaura's technology and market channels, which is expected to accelerate growth in the global market [2] - The acquisition is part of Yageo's systematic strategy to strengthen its position in the semiconductor supply chain, enhancing its ability to provide comprehensive solutions in the power component sector [2][3] Group 1 - Yageo's acquisition of Shibaura Electronics involved an investment of approximately 95 billion yen (around 19.6 billion NTD) at a price of 7,130 yen per share [1] - The public tender offer period has been extended until October 20, providing remaining shareholders with a final opportunity to consider the offer [1] - The acquisition is seen as a key step towards completing the purchase process and demonstrates Yageo's long-term commitment to the Japanese market [1] Group 2 - Shibaura Electronics, established in 1953, specializes in NTC thermistors and sensing components, generating annual revenues exceeding 320 billion yen [2] - The merger is expected to create synergies by combining resources from both companies, enhancing their competitive edge in the market [2] - Yageo's recent acquisitions, including those of Richtek and MPS, illustrate its strategy to build a vertically integrated ecosystem from passive to active components, targeting new designs in AI power applications [2][3] Group 3 - The integration of power ICs and Shibaura's protective components will streamline customer procurement processes and ensure optimal compatibility between different components [3] - With the inclusion of MPS, Yageo's portfolio now extends to various sensing components required for humanoid robots, tapping into a market where sensor components account for up to 34% of hardware costs [3] - This strategic expansion into AI, power, and electromechanical control applications is expected to enhance market growth potential for Yageo [3]

Core Viewpoint - The establishment of the South China headquarters R&D and production base by Zhongwei Semiconductor Equipment (Shanghai) Co., Ltd. marks a significant step in enhancing its capabilities in the semiconductor and related industries, aiming to solidify its leading position in the global high-end semiconductor equipment market [2][3]. Group 1: Project Overview - The South China headquarters R&D and production base covers an area of approximately 130 acres with a total investment of 3 billion yuan [3]. - The first phase of the project, which has commenced, occupies about 50 acres and involves an investment of approximately 1 billion yuan, with completion expected by the end of 2026 and production planned for 2027 [3]. Group 2: Focus Areas - The base will initially focus on R&D and production in the large flat panel display equipment sector and will gradually expand into emerging fields such as smart glass and board-level packaging [3]. - The project aims to enhance product R&D and advanced manufacturing capabilities, further deepening the strategic layout in the semiconductor and broader semiconductor industry chain [3]. Group 3: Financial Performance - In the first half of 2025, Zhongwei Company achieved revenue of 4.961 billion yuan, representing a year-on-year growth of 43.88% [5]. - The net profit attributable to shareholders was 706 million yuan, an increase of 36.62% year-on-year, while the net profit after deducting non-recurring items was 539 million yuan, up 11.49% year-on-year [5].

Core Viewpoint - The establishment of multiple new companies in the semiconductor industry chain indicates a significant trend of regional expansion among leading enterprises, with a focus on key areas such as chip design, manufacturing equipment, materials, and packaging testing [1] Group 1: New Company Establishments - A total of 11 new semiconductor companies have been established, with a concentration in Shanghai (4), Jiangsu (3), and Zhejiang (2), while emerging regions like Hainan and Inner Mongolia are becoming new hubs for technology deployment [1] - Hainan Unisoc Technology Co., Ltd. focuses on integrated circuit design, data processing services, and cloud computing equipment sales, potentially aligning with the cross-border data flow policies of the free trade port [3] - Shanghai SIDA Integrated Circuit Co., Ltd. aims to enhance its capabilities in power semiconductor design and sales, particularly targeting the automotive electronics industry in the Yangtze River Delta [4] - Cambricon (Hohhot) Information Technology Co., Ltd. is dedicated to integrated circuit chip design and manufacturing, supporting AI chip trials and localization in Northern China [5] - Beijing Weifang Technology Co., Ltd. is involved in 5G communication and integrated circuit chip manufacturing, particularly in satellite mobile communication terminals and smart drones [6] - Haimuxing Laser Intelligent Equipment (Foshan) Co., Ltd. applies laser technology to semiconductor device manufacturing, contributing to the local semiconductor industry cluster [7][8] Group 2: Industry Chain Segmentation - Shanghai Huichunxin Semiconductor Materials Co., Ltd. focuses on the research and sales of electronic materials, potentially involving the localization of critical materials like photoresists and target materials [10] - Huzhou Sucas Semiconductor Technology Co., Ltd. continues its parent company's expertise in semiconductor cleaning equipment, while Suzhou Guanghuan Zhi Semiconductor Equipment Co., Ltd. is involved in semiconductor device manufacturing [12] - Basic Semiconductor (Hangzhou) Co., Ltd. specializes in silicon carbide discrete devices and integrated circuit chips, catering to high-voltage applications in electric vehicles and energy storage [13] Group 3: Investment Characteristics - 80% of the new companies are wholly owned by listed companies or industry leaders, indicating a trend of vertical integration to strengthen control over the industry chain [16] - Investment in automotive-grade chips, silicon carbide devices, and semiconductor laser equipment accounts for over 60% of the new establishments, closely linked to the explosive growth of end markets like electric vehicles and energy storage [16] - The establishment of companies in non-traditional semiconductor bases like Hohhot and Hainan suggests a shift towards regions with lower costs and better policies, accelerating the formation of a national industry chain network [16]