截至9月12日18时，本周共有381家上市公司披露机构调研纪要。 从赚钱效应上看，本周约七成机构调研股实现正收益，沃尔德涨幅最高，累计上涨46.5%，开普云、天 域生物涨超30%，其中天域生物实现5日3板，锡装股份、剑桥科技、德才股份、骏鼎达等公司涨超 20%。 热门调研标的方面，本周晶盛机电接受百家以上机构调研，联创光电接受66家机构调研，武商集团、沃 特股份、南都电源、开普云、欢瑞世纪等5家公司接受超40家机构调研。 115家机构调研晶盛机电 周内共有115家机构在杭州参与晶盛机电调研，碳化硅与半导体业务成机构关注焦点。碳化硅作为第三 代半导体材料核心，导电型适用于新能源汽车、储能等高压大功率场景，半绝缘型用于5G/6G基站射频 前端及AR眼镜等领域。 在半导体业务方面，晶盛机电表示，受益于半导体行业持续发展及国产化进程加快，该公司半导体业务 持续发展，截至2025年6月30日，该公司未完成集成电路及化合物半导体装备合同超37亿元（含税）。 在半导体衬底材料领域，晶盛机电拥有碳化硅衬底材料、蓝宝石衬底材料及培育金刚石的规模化产能， 蓝宝石材料实现技术和规模双领先，8英寸碳化硅衬底技术和规模处于国内前列，并 ...

截至9月12日18时，本周共有381家上市公司披露机构调研纪要。从赚钱效应上看，本周约七成机构调研 股实现正收益，沃尔德涨幅最高，累计上涨46.5%，开普云、天域生物涨超30%，其中天域生物实现5日 3板，锡装股份（001332）、剑桥科技（603083）、德才股份、骏鼎达等公司涨超20%。 热门调研标的方面，本周晶盛机电（300316）接受百家以上机构调研，联创光电（600363）接受66家机 构调研，武商集团（000501）、沃特股份（002886）、南都电源（300068）、开普云、欢瑞世纪 （000892）等5家公司接受超40家机构调研。 115家机构调研晶盛机电 周内共有115家机构在杭州参与晶盛机电调研，碳化硅与半导体业务成机构关注焦点。碳化硅作为第三 代半导体材料核心，导电型适用于新能源汽车、储能等高压大功率场景，半绝缘型用于5G/6G基站射频 前端及AR眼镜等领域。 晶盛机电高管介绍，该公司碳化硅衬底材料业务进展显著，碳化硅衬底材料业务已实现6—8英寸规模化 量产与销售，核心参数指标达行业一流水平，并突破12英寸导电型碳化硅单晶生长技术。 在半导体业务方面，晶盛机电表示，受益于半导体行业持续发 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported significant improvement in earnings for the first half of 2025, with revenue reaching 533 million yuan, a year-on-year increase of 7.66%, and a net profit attributable to shareholders of 88 million yuan, up 63.83% year-on-year [5] - The performance of PEKK materials is expected to ramp up, contributing to new growth drivers for the company [7] - The company is actively expanding its product line and has made significant progress in the development of new products, which are anticipated to support future earnings growth [8] Summary by Sections Financial Performance - In the first half of 2025, the company achieved revenue of 533 million yuan, with a net profit of 88 million yuan, and a basic earnings per share of 0.21 yuan [5] - For Q2 2025, revenue was 263 million yuan, with a year-on-year increase of 3.32% and a net profit of 58 million yuan, reflecting a year-on-year increase of 104.22% [5] Product and Market Development - The chemical industry, particularly the pesticide sector, has seen a recovery in demand, leading to increased orders for the company's main products [6] - The company has successfully implemented a one-step production method for PEKK, which offers a cost advantage over the two-step method used by foreign competitors [7] Future Outlook - The company is positioned as a leading player in the chlorosulfonic acid market and is expanding its product offerings into high-performance polymer materials, indicating strong future growth potential [8] - Forecasted net profits for 2025 to 2027 are 146 million, 192 million, and 252 million yuan respectively, with corresponding P/E ratios of 70, 53, and 40 [8]