晶圆制造环节数百道工艺，每一层都离不开电子化学品的精准作用，电子化学品虽仅占芯片总 成本 10%-20%， 但 直接影响芯片性能与良率，是中国半导体突破技术封锁的核心环节。 近期工业和信息化部等七部门印发《石化化工行业稳增长工作方案（ 2025-2026年）》，明 确提出 聚焦集成电路等重点产业链需求，支持电子化学品等领域的关键产品攻关 ， 行业 "突 围战"已悄然打响。 01 国产 电子化学品迎 "爆发式增长窗口" 2025年上半年，AI算力、数据中心、智能驾驶等终端需求不断增强，推动全球半导体行业在 2024年复苏基础上继续增长。美国半导体协会（SIA）数据显示，2025年1-7月中国大陆半 导体市场规模约为1135亿美元，同比增长11.1%。 格隆汇研究院在 2024年初发布的半导体材料系列 策略 中明确指出：中国晶圆产能的快速扩 张将带动电子化学品需求呈现倍数级增长。我们当时提示， 2025-2027年将是中国电子化学 品企业实现技术突破和客户导入的黄金窗口期，这一判断正在被当前产业数据所验证 。 02 三大 赛道引领产业增长 ， 高端领域是关键 电子化学品涵盖领域广，光刻胶、湿电子化学品、电子特气三 ...

Investment Rating - The report maintains an "Overweight" rating for the semiconductor materials sector [6] Core Viewpoints - Terminal demand is expanding, with the global semiconductor industry continuing to improve. In the first half of 2025, demand from AI computing, data centers, and intelligent driving is expected to drive growth, following a recovery in 2024. The industry chain remains robust [1] - Global semiconductor sales are projected to reach approximately $405 billion in the first seven months of 2025, marking a year-on-year increase of 20.4%. The Chinese market is expected to grow to about $113.5 billion, with a year-on-year increase of 11.1% [1] - The semiconductor materials market is set to grow significantly, with a forecasted global market size of $70 billion in 2025, reflecting a 6% year-on-year increase. The Chinese market for key materials is expected to reach approximately 174.08 billion yuan, growing by 21.1% [2][4] Summary by Sections Semiconductor Industry Overview - The global semiconductor market is projected to reach $700.9 billion in 2025, with a year-on-year growth of 11.2%. The Asia-Pacific region is expected to account for about $370.6 billion, growing by 9.8% [1] - By 2026, the global semiconductor market is anticipated to further increase to $760.7 billion, with an 8.5% year-on-year growth [1] Capacity Expansion and Material Demand - The expansion of wafer production capacity is accelerating, particularly in advanced processes. By 2028, global monthly capacity for 12-inch wafers is expected to reach 11.1 million pieces, with a CAGR of approximately 7% from 2024 to 2028 [2] - The demand for semiconductor materials is expected to rise significantly, driven by increased wafer production capacity [2] Domestic Technological Advancements - Significant progress has been made in domestic semiconductor equipment, with Shanghai Microelectronics showcasing EUV lithography machine parameters, marking a breakthrough in high-end lithography technology [3] Market Growth in Specific Segments - The market for photolithography resists, wet electronic chemicals, and electronic specialty gases is steadily growing. The demand for wet electronic chemicals is projected to reach 4.685 million tons in 2025, with a year-on-year increase of 3.9% [4] - The global market for electronic specialty gases is expected to reach $6.4 billion in 2025, growing by 6.7% year-on-year, while the Chinese market is projected to reach 27.9 billion yuan, with a growth of 6.3% [4] Investment Recommendations - The report suggests focusing on leading companies in core material sectors such as photolithography resists, wet electronic chemicals, and electronic specialty gases, which possess technological advantages and customer validation [5]

证券之星消息，9月26日电子化学品板块较上一交易日下跌2.42%，思泉新材领跌。当日上证指数报收于 3828.11，下跌0.65%。深证成指报收于13209.0，下跌1.76%。电子化学品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 6108889 | 安集科技 | 223.12 | 2.19% | 6.43万 | | 14.49 乙 | | 301319 | 唯特偶 | 47.58 | 1.21% | 10.08万 | 4.84亿 | | | 603078 | 江化微 | 20.86 | 0.92% | 29.33万 | | 6.16亿 | | 301630 | 同宇新材 | 209.16 | 0.70% | 1.57万 | | 3.33亿 | | 300285 | 圖瓷材料 | 22.48 | 0.49% | 24.01万 | | 5.46 Z | | 300481 | 濮阳惠成 | 14.81 | 0.14% | 4.99万 | 7419.00万 | ...

Core Viewpoint - The article discusses the implementation of a work plan by seven government departments to stabilize and optimize the petrochemical industry in China from 2025 to 2026, focusing on innovation, investment, market demand, development carriers, and international cooperation [1][2]. Group 1: Industry Growth and Innovation - The petrochemical industry is expected to achieve an average annual growth of over 5% in value added from 2025 to 2026, with improved economic benefits and enhanced technological innovation capabilities [1]. - Emphasis is placed on supporting key products such as electronic chemicals and high-end polyolefins, as well as upgrading bulk products like coatings [1]. Group 2: Investment and Capacity Control - The plan includes strict control over new refining capacity and a scientific approach to the release of new capacities for ethylene and paraxylene, aiming to prevent overcapacity risks in the coal-to-methanol industry [1]. - There will be a push for the renovation and upgrading of outdated facilities, alongside the implementation of AI in the petrochemical sector [1]. Group 3: Market Demand Expansion - The strategy aims to tap into consumption potential in traditional sectors like construction and automotive, while also fostering new applications in emerging fields such as renewable energy and low-altitude economy [2]. - The integration of domestic and foreign trade is highlighted as a key focus area [2]. Group 4: Development Carriers and Competitiveness - The plan includes evaluating the competitiveness and intelligence levels of chemical parks, guiding them to improve and focus on strengthening industrial chains [2]. - The goal is to cultivate advanced manufacturing clusters and characteristic industries among small and medium enterprises [2]. Group 5: Open Cooperation and International Standards - The work plan emphasizes the importance of stabilizing foreign trade policies and advancing overseas resource development through joint ventures [2]. - There is a focus on enhancing cooperation in fields such as fine chemicals, green low-carbon technologies, and artificial intelligence, along with improving standards and product certification systems to align with international practices [2].

据天眼查APP显示，上海天承科技股份有限公司成立于2010年11月19日。注册资本12472.4524万人民 币。（数据宝） 9月25日天承科技大宗交易一览 天承科技9月25日大宗交易平台共发生3笔成交，合计成交量20.70万股，成交金额1604.26万元。成交价 格均为77.50元。 进一步统计，近3个月内该股累计发生4笔大宗交易，合计成交金额为4900.42万元。 证券时报·数据宝统计显示，天承科技今日收盘价为77.50元，下跌1.87%，日换手率为4.54%，成交额为 1.68亿元，全天主力资金净流出1442.08万元，近5日该股累计下跌2.15%，近5日资金合计净流出880.36 万元。 两融数据显示，该股最新融资余额为4.16亿元，近5日增加3550.29万元，增幅为9.34%。 | 成交量 （万股） | 成交金额 （万元） | 成交价格 （元） | 相对当日收盘折 溢价（%） | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | 9.27 | 718.43 | 77.50 | 0.00 | 华泰证券股份有 | 华泰证券股份有限公司深圳 ...

Group 1 - The closing price of Xingfu Electronics (688545) on September 25 was 38.26 yuan, down 2.70%, with a turnover rate of 32.05% and an amplitude of 7.24%, resulting in a transaction amount of 9.23 billion yuan [2] - The stock was listed on the daily trading list due to its turnover rate exceeding 30% [2] - The top five trading departments accounted for a total transaction amount of 216 million yuan, with a net sell of approximately 34.71 million yuan [2][3] Group 2 - The main capital outflow for the stock was 86.35 million yuan throughout the day [3] - The largest buying department was CITIC Securities Shanghai Branch, with a buying amount of 23.19 million yuan, followed by UBS Shanghai Huayuan Shiqiao Road Securities Department with 18.41 million yuan [3] - The largest selling department was Dongfang Securities Wuxi Liangqing Road Securities Department, with a selling amount of 40.55 million yuan [3]

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 容大感光9月25日大宗交易平台共发生2笔成交，合计成交量225.60万股，成交金额8498.35万元。成交价 格均为37.67元，相对今日收盘价折价6.15%。 进一步统计，近3个月内该股累计发生11笔大宗交易，合计成交金额为1.79亿元。 9月25日容大感光大宗交易一览 | 成交量 （万 | 成交金额 | 成交价 格 | 相对当日收盘 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | | （万元） | | 折溢价（%） | | | | 股） | | （元） | | | | | 160.00 | 6027.20 | 37.67 | -6.15 | 金元证券股份有限公司深 | 方正证券股份有限公司深 | | | | | | 圳海德三道证券营业部 | 圳怡景路证券营业部 | | 65.60 | 2471.15 | 37.67 | -6.15 | 金元证券股份有限公司深 | 方正证券股份有限公司深 | | | | | | 圳海德三道证券营业部 | 圳怡景路证券营业部 | 证券时报·数据宝统 ...

证券之星消息，9月25日电子化学品板块较上一交易日下跌0.46%，凯华材料领跌。当日上证指数报收于 3853.3，下跌0.01%。深证成指报收于13445.9，上涨0.67%。电子化学品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688268 | 华特气体 | 67.65 | 4.43% | 10.47万 | | 6.95亿 | | 300236 | 上海新阳 | 65.90 | 3.24% | 27.77万 | | 17.83亿 | | 300398 | 飞凯材料 | 27.04 | 1.31% | 78.20万 | | 20.55 Z | | 300655 | 晶瑞电材 | 15.34 | 1.19% | 150.29万 | | 22.98亿 | | 301319 | 唯特偶 | 47.01 | 1.10% | 11.74万 | | 5.52亿 | | 301630 | 同宇新材 | 207.70 | 1.02% | 1.40万 | | 2.91亿 ...

回顾:昨日收盘,沪深300上涨1.02%至4566.1;上证50上涨0.68%至 2939.5;中证500上涨1.99%至7323.7;中证1000上涨1.7%至7534.2。沪深 两市成交额达到23268亿,较昨日缩量1676亿。行业板块几乎全线上涨,电 子化学品、半导体、游戏、光伏设备、能源金属、房地产服务、电池板块 涨幅居前,仅旅游酒店板块逆市下跌。 | | 国贸期货研究院 宏观金融研究中心 郑雨婷 | | 期货执业证号:F3074875: 投资咨询证号: Z0017779 | | 2025/9/25 | | | --- | --- | --- | --- | --- | --- | --- | | | 品种 | 收盘价 | 较前值变动(bp) | 品种 | 收盘价 | 较前值变动 (bp) | | | DRO01 | 1.44 | 2.41 | DR007 | 1.59 | 11.09 | | हि | GC001 | 1.64 | 2.00 | GC007 | 1.92 | 12.50 | | B | SHBOR 3M | 1.57 | 0.40 | LPR 5年 | 3.50 | 0.00 | | ...

2025.09. 24 数的关键力量。沪指在3800点整数关口获得支撑，创业板指强势领跑，显示市场重心继续向 成长板块倾斜。 涨跌停比 :38:14 个股呈现出普涨格局,市场情绪回暖,赚钱效 应突出。半导体产业链是绝对核心,板块内超 20只个股涨停或涨超10%,掀起涨停潮,机器 人概念、光伏设备、电子化学品等高端制造板块 也涨幅居前,受节前利好兑现、资金流向等因素 影响,旅游酒店、银行等板块表现疲软。 资金情绪 主力资金净流入 20.08 ■ 亿元 两市成交额 2.33 万亿元 ▼ -6.27% 09/24 0 5 .19% 下百分点 加 世 球 加仓 31.19% 减仓 16.59% 按兵不动 52.22% 你觉得下个交易日是涨是跌? 两市成交额有所缩量,依然维持在高位,市场 "结构性"行情特征显著,资金高度集中在拥 有强产业逻辑和政策预期的板块,半导体板块 下的巨量成交额对维持市场人气和深市成交额 起到了关键支撑作用,金融与权重板块表现相 对疲软,一定程度上影响了沪市的成交活跃 度。 散户资金净流入 机构布局清晰,着眼于产业趋势进行调仓,资金大幅流入半导体产业链、光伏设备、电池、机器人、AI算 力,小幅流 ...