登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688072 证券简称：拓荆科技 公告编号：2025-058 拓荆科技股份有限公司 关于公司股东股份解除质押的公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性依法承担法律责任。 拓荆科技股份有限公司（以下简称"公司"）于2025年9月26日获悉，公司股东共青城芯鑫和投资合伙企 业（有限合伙）（以下简称"芯鑫和"）、共青城芯鑫全投资合伙企业（有限合伙）（以下简称"芯鑫 全"）、共青城芯鑫龙投资合伙企业（有限合伙）（以下简称"芯鑫龙"）、共青城芯鑫成投资合伙企业 （有限合伙）（以下简称"芯鑫成"）、共青城芯鑫盛投资合伙企业（有限合伙）（以下简称"芯鑫 盛"）、共青城芯鑫阳投资合伙企业（有限合伙）（以下简称"芯鑫阳"）所持有的公司股份在中国证券 登记结算有限责任公司上海分公司办理了解除质押登记手续，具体情况如下： ■ 注1：股东芯鑫和、芯鑫全、芯鑫龙、芯鑫成、芯鑫盛和芯鑫阳为公司员工持股平台，前述质押系因员 工持股平台筹措出资款借款形成，详情请参见《拓荆科技首次公开发行股票 ...

证券时报·数据宝统计显示，中微公司今日收盘价为290.00元，上涨0.69%，日换手率为3.56%，成交额 为65.75亿元，全天主力资金净流入2.80亿元，近5日该股累计上涨14.17%，近5日资金合计净流入10.96 亿元。 两融数据显示，该股最新融资余额为38.51亿元，近5日增加6.63亿元，增幅为20.78%。 机构评级来看，近5日共有2家机构给予该股评级，预计目标价最高的是交银国际证券，9月23日交银国 际证券发布的研报预计公司目标价为280.00元。（数据宝） 9月26日中微公司大宗交易一览 | 成交量 | 成交金 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | 额（万 | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | 元） | （元） | | | | | 59.60 | 15791.62 | 264.96 | -8.63 | 机构专用 | 中国国际金融股份有限公司北 | | | | | | | 京建国门外大街证券营业部 | | 20.00 | 5299.20 | 264.96 | -8 ...

Group 1: Key Insights - The Loan Prime Rate (LPR) has remained unchanged for four consecutive months, with the 1-year LPR at 3.0% and the 5-year LPR at 3.5%, aligning with market expectations [10][22]. - The digital RMB international operation center has officially commenced operations, featuring three major business platforms: cross-border digital payment, blockchain service, and digital asset platforms, aimed at enhancing RMB internationalization and cross-border payment efficiency [22][23]. - The Chinese government emphasizes the importance of mutual respect and cooperation in US-China relations, with a focus on creating more opportunities for foreign investment in China [25][26]. Group 2: Market Overview - The domestic securities market showed mixed performance, with the STAR 50 index experiencing the highest increase of 6.47%. The power equipment sector led the industry gains with a 3.86% rise [2][30]. - The LPR's stability suggests a continuation of a loose monetary policy in the short term, although the necessity for further rate cuts appears limited [2][10]. - The market outlook indicates potential growth in the application of digital RMB in cross-border transactions, which could positively influence market dynamics if US-China trade relations stabilize [2][25]. Group 3: Investment Recommendations - Development of new productive forces is a key policy direction, with a focus on sectors such as artificial intelligence, semiconductor chips, robotics, low-altitude economy, deep-sea technology, and controllable nuclear fusion, which are expected to yield excess returns [3][40]. - Consumer spending is anticipated to increase, suggesting investment opportunities in new consumption, home appliances, and automotive sectors [3][40]. - In the context of geopolitical tensions and global economic uncertainty, long-term demand for gold as a safe-haven asset is expected to grow, alongside tight copper supply, presenting investment opportunities in these commodities [3][40].

Group 1 - The main point of the news is that there has been a significant outflow of funds from the stock market, with a net outflow of 701.87 billion yuan on September 26, 2023, particularly affecting the ChiNext and CSI 300 indices [1] - Among the 10 sectors, the oil and petrochemical industry saw the highest increase of 1.17%, while the computer industry experienced the largest decline of 3.26% [1] - Five sectors received net inflows from major funds, with the automotive sector leading at 11.96 million yuan, followed by agriculture, beauty care, and food and beverage sectors, each with inflows exceeding 10 million yuan [1] Group 2 - In the automotive parts sector, Wanxiang Qianchao saw a net inflow of 5.7 billion yuan, marking a new high since May 16, 2025 [2] - Aerospace stocks like Chengfei Integration also attracted significant inflows, with 5.13 billion yuan, as some military stocks rebounded from low levels [2] - Tianji shares in the chemical sector experienced a net inflow of 4.81 billion yuan, with institutional investors contributing significantly to the buying [2] Group 3 - Over 200 stocks experienced net outflows exceeding 1 billion yuan, with leading stocks like Luxshare Precision and Shenghong Technology seeing outflows over 21 billion yuan [3] - Popular stocks such as Inspur Information, Dongshan Precision, and CATL also faced substantial outflows, each exceeding 13 billion yuan [4] Group 4 - In the last trading session, 16 stocks saw net inflows exceeding 40 million yuan, with Changchuan Technology leading at 2.3 billion yuan [6] - E-commerce concept stock Yaowang Technology experienced a net inflow of 1.73 billion yuan in the tail end of trading [7] Group 5 - Various ETFs tracked different sectors, with the Food and Beverage ETF seeing a net outflow of 198.54 million yuan despite an increase in shares [11] - The Gaming ETF had a net outflow of 220 million yuan, while the Semiconductor ETF experienced a net outflow of 160 million yuan [11][12]

MACD金叉信号形成，这些股涨势不错！ 格隆汇9月26日丨芯碁微装(688630.SH)公布2025年员工持股计划，本持股计划的股票来源为公司回购专 用账户的公司A股普通股股票，本持股计划预计持有公司股票数量不超过47.7322万股，占公司当前总股 本的比例不超过0.36%。本持股计划受让价格为75.70元/股，资金来源为员工合法薪酬、自筹资金和法 律、行政法规允许的其他方式。公司不以任何方式向持有人提供垫资、担保、借贷等财务资助。 ...

Group 1 - The semiconductor sector showed active performance today, with the China Securities Semiconductor Materials and Equipment Theme Index rising by 1.7% as of 10:02 AM, and a cumulative increase of over 20% in September [1] - Notable stocks include Lian Dong Technology rising over 12%, Hua Hai Qing Ke increasing over 6%, and Jin Hai Tong up over 5%. The semiconductor equipment ETF, E Fund (159558), saw net subscriptions exceeding 66 million shares, with a total inflow of 360 million yuan over the past seven trading days [1] - According to CITIC Securities, domestic wafer fabs' global market share is expected to increase from the current 10% to 30%, indicating a potential threefold expansion in capacity. If the localization rate of equipment rises from 20% to between 60% and 100%, there could be a growth potential of three to five times [1] Group 2 - In the short term, while the investment pace of domestic wafer fabs remains relatively stable this year, leading memory manufacturers are expected to initiate new projects, and advanced logic manufacturers are also increasing their expansion efforts, suggesting a new growth phase for the semiconductor equipment industry [1] - The China Securities Semiconductor Materials and Equipment Theme Index consists of 40 stocks involved in semiconductor materials and equipment, focusing on the foundational aspects of computing hardware. The semiconductor equipment sector accounts for nearly 60% of this index [1] - The E Fund semiconductor equipment ETF (159558) tracks this index, providing investors with a convenient way to invest in core companies within the semiconductor materials and equipment sector [1]

Market Overview - On September 26, A-share indices weakened, with the ChiNext index dropping over 2.5%. The total trading volume in the Shanghai and Shenzhen markets was 2.17 trillion yuan, a decrease of 225.7 billion yuan from the previous trading day, with over 3,400 stocks declining [1] Sector Performance - Wind power equipment, chemical fiber, agricultural chemical products, soybeans, and textile manufacturing sectors saw the highest gains, while gaming, computing hardware, photolithography machines, and consumer electronics sectors experienced the largest declines [1] Semiconductor Industry - The semiconductor industry chain continued to rise, with equipment and wafer foundry sectors leading the gains. Huahong Semiconductor surged to a historical high. The semiconductor equipment sector experienced explosive growth, rising over 16% in three days, over 30% in half a month, and over 50% in three months [2] Factors Driving Semiconductor Growth - The establishment of Changcun Phase III Integrated Circuit Co., Ltd. on September 5 is a significant marker for the expansion of semiconductor equipment domestic production rates [3] - The price increase of memory chips exceeded market expectations, likely driving global memory chip capacity expansion [4] - Recent exhibitions of photolithography machines at the Industrial Expo positively influenced market sentiment [5] - The demand for catch-up growth in semiconductor equipment is also a key factor for the recent surge in the semiconductor equipment index [6] Market Correction and Future Outlook - On September 25, the semiconductor equipment index experienced a correction, viewed as a temporary pause in a strong upward trend. The long-term growth trajectory remains clear, driven by AI demand [7] - Analysts believe that the current adjustment in the semiconductor equipment sector is a rational correction after an overheated sentiment, with expectations of a rebound after short-term fluctuations [7] - The long-term trend of increasing domestic production rates and capital expenditure expansion is expected to benefit the profitability of related companies [7] - The semiconductor sector's recent rise is attributed to a combination of surging demand, mid-term technological breakthroughs, and long-term ecosystem development [8] Investment Opportunities - The semiconductor industry is a key focus of national policy support, with a positive development outlook. Significant adjustments may present a good investment opportunity [8] - Companies involved in high-performance testing machines, advanced packaging equipment, bonding equipment, and semiconductor etching equipment are recommended for attention [8] - The growth potential in the semiconductor equipment sector remains strong, particularly in areas with core technologies, supported by AI computing demand and downstream capacity expansion [8]

Core Viewpoint - The A-share market experienced a decline, with the ChiNext index dropping over 2.5% and a significant number of stocks falling, indicating a bearish sentiment in the market [1][2]. Market Performance - The Shanghai Composite Index closed at 3828.11, down 25.20 points (-0.65%), while the Shenzhen Component Index fell to 13209.00, down 236.90 points (-1.76%) [2]. - The total trading volume in the Shanghai and Shenzhen markets was 2.17 trillion yuan, a decrease of 225.7 billion yuan from the previous trading day, with over 3400 stocks declining [1]. Sector Performance - Wind power equipment, chemical fiber, agricultural chemical products, soybeans, and textile manufacturing sectors showed strong gains, while gaming, computing hardware, photolithography machines, and consumer electronics sectors faced significant declines [3]. - The semiconductor industry chain saw a continuous rise, with semiconductor equipment and wafer foundry sectors leading the gains, highlighted by a historical high for Huahong Semiconductor [4][5]. Semiconductor Sector Analysis - The semiconductor equipment index surged over 16% in three days, over 30% in half a month, and over 50% in three months, driven by factors such as the establishment of Changcun Phase III and rising storage chip prices [5][8]. - Analysts noted that the recent surge in the semiconductor equipment index is partly due to a catch-up demand, as previous gains were primarily in chip design companies [9]. Future Outlook - Despite a recent pullback in the semiconductor equipment index, experts believe this is a temporary correction rather than a trend reversal, with long-term growth prospects remaining strong due to increasing domestic production rates and capital expenditure expansion [10]. - The semiconductor industry is viewed as a key focus of government support, with potential for significant growth, especially in high-performance testing machines and advanced packaging equipment [11]. Investment Opportunities - Analysts suggest focusing on leading companies in the semiconductor sector and related thematic investment funds, particularly those involved in AI computing demand and downstream expansion [11]. - The demand for testing equipment related to AI developments is expected to grow rapidly, presenting new growth opportunities for relevant companies [11].

Industry Overview - Since 2025, the AI chip industry chain has seen a continuous improvement in market conditions, with high investment enthusiasm in the semiconductor equipment sector. Global semiconductor equipment company revenues are expected to grow by 12% year-on-year in 2025, with a 24% increase in Q2 2025 compared to the same period last year [1] - The demand for high-performance SoC testing machines and storage testing machines has significantly increased due to the high requirements for computing performance and power consumption in AI chips. Additionally, HBM technology has become standard for AI computing, driving demand for advanced packaging equipment [1] Market Performance - The overseas semiconductor equipment market has achieved a year-on-year growth of 40%, driven by AI-related investments, with notable growth in testing machines and packaging equipment [1] - In contrast, the Chinese market experienced a slight decline of 1% year-on-year in the first half of 2025, although the domestic semiconductor equipment localization rate increased by 6 percentage points to 21% [1] Company Performance - Among semiconductor equipment manufacturers, there is a notable performance divergence. Nine front-end equipment companies reported revenue growth, but some, such as Jingce Electronics and Tuo Jing Technology, saw significant declines in net profit despite revenue increases [2] - The companies with the highest net profit growth include Weidao Nano, Changchuan Technology, Huafeng Measurement and Control, and Zhongke Fei Measurement, with year-on-year net profit growth rates of 348.95%, 98.73%, 74.04%, and 73.01% respectively [3] - Tuo Jing Technology, despite having the highest revenue growth rate of 54.25%, experienced a significant net profit decline of 26.96% due to high costs associated with new product validation in Q1 2025 [3] Financial Metrics - Tuo Jing Technology's gross margin fluctuated significantly, dropping to 19.89% in Q1 2025 before recovering to 38.83% in Q2 2025 [4] - The company has shipped over 3,000 reaction chambers, including more than 340 new types, and has successfully passed customer certifications for advanced process equipment, indicating strong business growth [5] - As of the end of the reporting period, Tuo Jing Technology's contract liabilities reached 453,577.43 million yuan, a 52.07% increase compared to the end of 2024, reflecting a solid order backlog for future revenue growth [5]

Core Insights - The AI chip industry has seen a continuous increase in prosperity since 2025, with significant growth in the semiconductor equipment sector driven by AI-related investments [1] - Global semiconductor equipment company revenues are projected to grow by 12% year-on-year in 2025, with a 24% increase in Q2 2025 compared to the same period last year [1] - The demand for high-performance SoC testing machines and storage testing machines has surged due to the complex requirements of AI chips [1] Industry Overview - The overseas semiconductor equipment market has experienced a 40% year-on-year growth, particularly in testing and packaging equipment [1] - In contrast, the Chinese market saw a slight decline of 1% year-on-year in the first half of 2025, although the domestic semiconductor equipment localization rate increased by 6 percentage points to 21% [1] Company Performance - In the first half of 2025, various semiconductor equipment manufacturers showed performance divergence, with nine front-end equipment companies achieving revenue growth, but some like Jingce Electronics and Tuojing Technology saw significant declines in net profit [2] - Notably, North Huachuang's revenue and net profit in Q2 2025 grew by 22.5% and declined by 1.6% respectively, while Zhongwei Company experienced a 51.3% revenue increase and a 46.8% net profit increase [3] Product Development - Zhongwei Company's main product, plasma etching equipment, generated revenue of 3.781 billion yuan in the first half of 2025, contributing over 75% of the company's total revenue [3] - The company has installed over 4,500 CCP etching devices, with significant installations of its high-precision and ultra-high aspect ratio equipment [3] - Zhongwei is developing nearly 40 types of conductor thin film deposition equipment, with nine already completed and six in mass production [4] Research and Development - Zhongwei Company has increased its R&D investment to approximately 1.492 billion yuan in the first half of 2025, a year-on-year increase of 53.7%, representing about 30.07% of its revenue [5] - The company's contract liabilities reached 3.17 billion yuan, reflecting a 24.8% year-on-year increase, indicating a strong order backlog [5]