2026.01.10 本文字数：1450，阅读时长大约2分钟 截至1月9日收盘，中微公司股价报336.68元/股，总市值为2108亿元。尹志尧拟减持股票市值约为9764 万元。 公开资料显示，尹志尧，1944年生，中国国籍，中国科学技术大学学士，加州大学洛杉矶分校博士。 1984年至1986年，就职于英特尔中心技术开发部，担任工艺工程师；1986年至1991年，就职于泛林半导 体，历任研发部资深工程师、研发部资深经理；1991年至2004年，就职于应用材料，历任等离子体刻蚀 设备产品总部首席技术官、总公司副总裁及等离子体刻蚀事业群总经理、亚洲总部首席技术官；2004年 至今，担任中微公司董事长、总经理、核心技术人员。2024年从公司获得的税前报酬总额为1485.14万 元。 中微公司2022年年报中仍明确标注尹志尧为美国公民；其2023年年报未披露国籍信息；直至2024年其年 报正式确认已恢复中国国籍。 来源 | 每日经济新闻、21世纪经济报道、上海证券报 1月8日，半导体龙头中微公司（688012）公告称，巽鑫（上海）投资有限公司持有公司6847.39万股股 份，占总股本的10.94%，计划自公告披露之日起 ...

Core Viewpoint - The article discusses the planned share reduction by major shareholders of Zhongwei Company, a leading semiconductor firm, and highlights the company's strong financial performance and future growth prospects [3][10]. Shareholder Actions - Xunxin (Shanghai) Investment Co., Ltd. plans to reduce its holdings by up to 12.52 million shares, representing 2% of the total share capital, for operational management needs [3]. - Founder and Chairman Yin Zhiyao intends to reduce his holdings by up to 290,000 shares, accounting for 0.046% of the total share capital, due to tax-related requirements after restoring his Chinese nationality [4][9]. Financial Performance - As of January 9, Zhongwei Company's stock price was 336.68 yuan per share, with a total market capitalization of 210.8 billion yuan [5]. - For the first three quarters of 2025, the company reported revenue of 8.063 billion yuan, a year-on-year increase of 46.4%, and a net profit attributable to shareholders of 1.211 billion yuan, up 32.66% [10]. Company Background and Achievements - Zhongwei Company has experienced an average annual revenue growth of over 35% for 14 consecutive years and has developed 20 types of etching equipment that cover over 95% of etching application needs [10]. - The company aims to increase its coverage in the integrated circuit key equipment sector to 60% within the next five to ten years, striving to become a leading international semiconductor equipment company [10].

另外，被誉为"中国刻蚀机之父"的中微公司创始人、董事长、总经理尹志尧计划自公告披露之日起15个交易日后的3个月内，通过集中竞价方式减持公司 股份不超过29万股，占公司总股本比例不超过0.046%。拟减持原因为："因本人已从外籍恢复为中国籍，为依法办理相关税务的需要。" 彼时江上舟已罹患肺癌，仍系心国内刻蚀机的自主研发，多番动员尹志尧回国创业。对尹志尧高龄回国的踌躇，江上舟豪言："我是个癌症病人，只剩下 半条命，哪怕豁出这半条命，也想为国家造出光刻机、等离子刻蚀机，我们一起干吧！" 这一席话，坚定了尹志尧的创业决心。随后经尹志尧游说，麦仕义等十余位硅谷人才一同归国，决意"瞄准"中国芯片刻蚀设备领域的空白。 | 股东名称 | 尹志尧 | | --- | --- | | 计划减持数量 | 不超过:290,000 股 | | 计划减持比例 | 不超过:0.046% | | 减持方式及对应减持数 量 | 集中竞价减持,不超过:290,000 股 | | 减持期间 | 2026年１月30日〜2026年４月29日 | | 拟减持股份来源 | IP0 前取得 | | 拟减持原因 | 因本人已从外籍恢复为中国籍,为依法办理相关 ...

上海证券交易所网站消息，1月8日，半导体龙头中微公司发布公告称，公司创始人、董事长兼总经理尹 志尧计划自公告披露之日起15个交易日后的3个月内，通过集中竞价方式减持公司股份不超过29万股， 占公司总股本比例约为0.046%。 公告显示，被誉为"中国刻蚀机之父"的尹志尧减持股份的原因是："因本人已从外籍恢复为中国籍，为 依法办理相关税务的需要。" 中微公司公告上交所网站 尹志尧（资料图）视频截图 尹志尧的职业生涯始于1984年，先后在硅谷多家顶尖半导体企业积累了丰富经验。1984年至1986年，他 在英特尔中心技术开发部担任工艺工程师；1986年至1991年，在泛林半导体历任资深工程师及研发部资 深经理；1991年至2004年，供职于应用材料公司，期间先后担任等离子体刻蚀设备产品总部首席技术 官、总公司副总裁兼事业群总经理，以及亚洲总部首席技术官。2004年，尹志尧回国创立中微公司，并 一直担任董事长、总经理及核心技术负责人至今。 每日经济新闻此前报道，中微公司在2022年年报中仍明确标注尹志尧为美国公民；2023年年报未披露其 国籍信息；直至2024年年报，才正式确认其已恢复中国国籍。 另据上海证券报报道，近 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [1]. Core Insights - The company has shown steady growth in its performance, with 2024 revenue reaching 945 million yuan, a year-on-year increase of 19%, and a net profit attributable to shareholders of 212 million yuan, up 11% year-on-year [4]. - The semiconductor equipment sector presents significant technological breakthroughs, indicating a broad space for future growth [4]. - The company has successfully capitalized on the structural recovery in consumer electronics, with precision welding equipment revenue increasing by 32% year-on-year [5]. - Collaborations with major clients like Bosch and advancements in laser radar technology are expected to drive demand in smart manufacturing [5][6]. - The company anticipates revenue growth from 2025 to 2027, with projected revenues of 1.061 billion yuan, 1.298 billion yuan, and 1.496 billion yuan, respectively, reflecting growth rates of 12.31%, 22.29%, and 15.27% [7]. Financial Performance Summary - In 2024, the company achieved a revenue of 945 million yuan, with a gross profit margin of 51.5% [10]. - The net profit attributable to shareholders is projected to grow to 259 million yuan in 2025, with a corresponding PE ratio of 23.10 [7]. - The company's asset-liability ratio stands at 287%, indicating a relatively high level of debt [3].

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [1]. Core Insights - The company has demonstrated steady growth, with 2024 revenue reaching 945 million yuan, a year-on-year increase of 19%. The net profit attributable to shareholders was 212 million yuan, up 11% year-on-year [4]. - The semiconductor equipment sector shows significant potential for technological breakthroughs, which could drive future growth [4]. - The company has established strong collaborations with major clients, enhancing its market position in precision welding and inspection equipment [5][6]. Company Overview - Latest closing price: 24.02 yuan - Total shares: 249 million, with a market capitalization of 6 billion yuan [3]. - The company has a debt-to-asset ratio of 28.7% and a price-to-earnings ratio of 28.26 [3]. Financial Performance - In 2024, the company achieved a revenue of 945 million yuan, with a projected revenue growth of 12.31% in 2025, reaching 1.061 billion yuan [9]. - The net profit attributable to shareholders is expected to grow to 259 million yuan in 2025, reflecting a year-on-year increase of 22.10% [9]. - The earnings per share (EPS) is projected to be 1.04 yuan in 2025, with a corresponding price-to-earnings ratio of 23.10 [9]. Business Segments - Precision welding equipment revenue reached 698 million yuan in 2024, a 32% increase year-on-year, benefiting from the structural recovery in consumer electronics [5]. - Machine vision equipment revenue grew by 37% year-on-year to 137 million yuan, with a gross margin of 49.75% [5]. - The company is also focusing on silicon carbide and packaging equipment, which are expected to become significant growth drivers in the future [6].

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 115.85 CNY per share, maintaining the rating [5][9]. Core Views - The company achieved record high performance in Q4 2024, with revenue of 6.49 billion CNY, a year-on-year increase of 27.13%, and a net profit of 0.95 billion CNY, a year-on-year increase of 213.09% [1]. - The company has made significant breakthroughs in the semiconductor equipment sector, securing orders from leading domestic clients in both front-end and back-end equipment [2][3]. - The strategic investment from Northern Huachuang, which will become the largest shareholder with a 17.88% stake, is expected to enhance the company's competitiveness in the semiconductor industry [4]. Financial Performance - In 2024, the company reported total revenue of 1.754 billion CNY, a slight increase of 2.13% year-on-year, and a net profit of 203 million CNY, a decrease of 19.08% year-on-year [1][11]. - The projected revenues for 2025, 2026, and 2027 are 2.648 billion CNY, 3.429 billion CNY, and 4.183 billion CNY respectively, with net profits expected to be 339 million CNY, 493 million CNY, and 653 million CNY [9][11]. Market Position and Growth Potential - The company has established itself as a leader in the domestic semiconductor equipment market, particularly in photoresist coating and developing products, with strong order growth from both domestic and international clients [2][3]. - The introduction of new products, such as the KS-CM300/200 chemical cleaning machine, has broken foreign monopolies and is expected to drive further growth [3]. Valuation Metrics - The company is valued at a price-to-sales (PS) ratio of 8.8 for 2025, reflecting its leading position in the front-end equipment market and promising growth in back-end products [9][12].