在半导体工艺整机装备中，最核心的零部件就是真空机械手及集束型设备，它们作为晶圆传输设备，被 广泛应用于晶圆制造与封装测试等全工艺流程产业链中。 得益于技术追赶，新松机器人吸引了国家集成电路产业投资基金、北方华创（002371）、中微半导体、 拓荆科技、华海清科等战略投资者。绑定战略合作客户，促成了新松半导体与战略客户从业务到资本的 深度合作，形成产业链协同发展效应。以此为契机，新松半导体系列产品的国产化替代和市场推广也得 以加速。 程龙提到，尽管新松半导体自主研制真空机械手及集束型设备已达到国际同等水平，部分指标还优于国 外设备，但是在一致性和可靠性方面还有进一步提升的空间。在市场方面，半导体行业研发投入大、试 错成本高、验证周期长、国内客户对国产供应链的信心不足等客观问题仍在阻碍国内企业进一步开拓市 场。 展望未来，程龙对新松半导体超越海外公司，拿下国内市场份额第一充满自信。他说："我们希望在 2027年到2028年，在中国能拿到第一，我们整个团队的目标非常清晰，现在就是一路狂奔。" 新松半导体总经理程龙表示，真空机械手系列产品的自主可控将进一步缓解半导体整机装备的"卡脖 子"问题。据了解，新松半导体是创业 ...

Core Viewpoint - The article highlights the transformation of Shenyang, a city in Liaoning Province, from a traditional industrial base to a burgeoning hub for semiconductor equipment manufacturing, showcasing significant advancements in domestic production capabilities and a supportive ecosystem for innovation and investment [1][2][3]. Group 1: Industry Development - Shenyang has evolved from a steel manufacturing center to a key player in the semiconductor equipment industry, with five major companies listed in the capital market since 2019 [2][3]. - The semiconductor equipment industry in Liaoning is characterized by a "6+N" development system, with six leading companies supported by numerous ancillary firms [2][3]. - Companies like拓荆科技, 芯源微, and 富创精密 have achieved international standards in their respective technologies, contributing to the domestic semiconductor equipment landscape [3][4]. Group 2: Research and Education - Liaoning boasts a robust educational foundation with 114 higher education institutions, including 63 undergraduate colleges, which supports the semiconductor industry's growth [4][5]. - The province's scientific research institutions, particularly those affiliated with the Chinese Academy of Sciences, have played a crucial role in nurturing leading semiconductor companies [4][5]. Group 3: Financial Support and Policy - The development of the semiconductor industry in Liaoning has been significantly bolstered by national policies and financial support, including the establishment of the National Integrated Circuit Industry Investment Fund [6][7]. - The launch of the Sci-Tech Innovation Board has provided essential funding and resources for semiconductor companies, facilitating their growth and expansion [7][8]. - The local government has adopted a proactive approach to improve the business environment, offering tailored support to companies in the semiconductor sector [10][11]. Group 4: Future Prospects - The article emphasizes the need for continued investment in the semiconductor ecosystem, including enhancing local venture capital capabilities and filling gaps in the industrial chain [12][13]. - The goal is to position Shenyang as a globally competitive center for integrated circuit equipment, thereby elevating its status in the national and international markets [14].

Core Viewpoint - The emergence of Tuojing Technology represents a significant step towards domestic production in the monopolized thin film deposition equipment market, which is crucial for high-end semiconductor manufacturing [2][3]. Market Overview - The thin film deposition equipment accounts for over 20% of the wafer manufacturing equipment market, with the Chinese market for this equipment projected to reach approximately $9.7 billion in 2024 [2]. - Tuojing Technology's product market size is estimated at $4.85 billion, with the company generating revenue of 4.1 billion yuan, capturing about 12% market share [2]. Technological Advancements - Tuojing Technology focuses on the research and industrial application of PECVD, ALD, and Gap Fill technologies, supporting over 100 types of medium film materials required for logic and memory chips [2]. - The company has made significant technological breakthroughs, evidenced by its 1,640 patent applications (including PCT) and 507 authorized patents [3]. Future Prospects - The demand for semiconductor equipment in the three-dimensional integration field is expected to drive Tuojing Technology's future growth, with existing orders for wafer-to-wafer hybrid bonding equipment and successful industrial applications of developed detection equipment [3]. - The company is proactively developing technologies for the next two to three generations of products, with 70% of its products being required for new and advanced processes [4].

杭州长川科技股份有限公司 监事会关于公司向特定对象发行 A 股股票 相关事项的书面确认意见 根据《中华人民共和国公司法》 （以下简称《公司法》）、 《中华人民共和国证 券法》 （以下简称《证券法》）、 册管理办法》等相关法律、法规及规范性文件的规定。本次发行方案和预案合理、 切实可行，综合考虑了公司所处行业和发展状况、实际经营情况、资金需求等情 况，符合公司的发展战略及实际情况，符合公司及全体股东的利益。 三、公司就本次发行编制的《杭州长川科技股份有限公司 2025 年度向特定 对象发行股票方案的论证分析报告》充分论证了本次发行方案的可行性及必要性， 符合相关法律法规的规定，符合公司发展战略，符合公司及全体股东的利益。 《上市公司证券发行注册管理办法》 （以下简称《注 册管理办法》）等法律、法规及规范性文件及《杭州长川科技股份有限公司章程》 的规定，杭州长川科技股份有限公司（以下简称"公司"）监事会，在全面了解 和审阅公司 2025 年度向特定对象发行 A 股股票（以下简称"本次发行"）的相 关文件后，发表书面确认意见如下： 一、根据《公司法》 《证券法》 《注册管理办法》的规定并结合公司实际情况， 我们认为 ...

Core Viewpoint - The company aims to establish a scientific, sustainable, and stable profit distribution policy to actively reward shareholders and promote long-term and rational investment concepts, in accordance with relevant regulations and its actual situation [1][6]. Group 1: Profit Distribution Policy - The company will propose profit distribution plans based on annual operating performance and future business plans, which will be approved by the shareholders' meeting [2]. - Profit distribution can be in the form of cash, stock, or a combination of both, with a preference for cash dividends when conditions are met [2][3]. - The company aims to distribute at least 20% of the annual distributable profit in cash, or at least 60% of the average annual distributable profit over any three consecutive years [2][4]. Group 2: Conditions and Procedures - Major capital expenditures are defined as investments or asset acquisitions exceeding 10% of the latest audited net assets or 50 million yuan [3]. - The board of directors will consider industry characteristics, development stages, and major capital expenditure plans when proposing differentiated cash dividend policies [4]. - The decision-making process for profit distribution involves the board's proposal, majority approval from directors, and subsequent approval from the shareholders' meeting [4][5]. Group 3: Shareholder Return Planning - The company will develop a shareholder return plan at least every three years, considering long-term sustainable development and various external factors [6]. - Adjustments to the shareholder return plan require detailed discussion and must be approved by a two-thirds majority of the shareholders present at the meeting [6][7]. - The company will ensure that the planning process includes input from independent directors and minority shareholders [6].

Fundraising Overview - The company raised a total of RMB 364.71 million through a private placement in 2021, with a net amount of RMB 362.46 million after deducting various fees [1][6][18] - In 2023, the company issued 8,415,450 shares at RMB 32.88 per share, raising RMB 276.70 million, with a net amount of RMB 266.45 million after fees [4][6][18] Fund Allocation and Usage - As of March 31, 2025, the company had RMB 362.06 million in its fundraising account, with RMB 19.34 million allocated for temporary working capital [2][3][5] - The company has used RMB 102.44 million for working capital and has a remaining balance of RMB 17.32 million from the 2021 fundraising [14][18] Project Updates - The probe station R&D and industrialization project has been delayed, with the expected completion date extended to December 31, 2025, and the budget reduced to RMB 210.27 million [8][9][10] - The company has decided to redirect RMB 50 million from the probe station project to the high-end smart manufacturing base project, which aims to enhance production capacity [8][9][10] Financial Performance - The probe station project has reported a cumulative loss of RMB 7.10 million as of March 31, 2025, falling short of the expected profit of RMB 44.68 million [14][19] - The company has not made any performance commitments for the acquisition of Changyi Technology, which is now fully owned [16][19] Idle Funds Management - The company has utilized idle funds for temporary working capital, with a total of RMB 69.92 million used as of March 31, 2025, and all funds returned to the special account within the stipulated time [18][19]

Core Viewpoint - The company plans to issue shares to specific investors, which may dilute immediate returns, and has outlined measures to compensate for this dilution while ensuring the protection of minority investors' rights [1][4]. Financial Impact Analysis - The company estimates that the total share capital will increase from 62,514.47 million shares to 81,379.28 million shares post-issuance, with a maximum of 188,648,115 shares to be issued [2][3]. - The total amount of funds raised is projected to be 313,203.05 million yuan [2]. - The company has provided three scenarios for net profit growth in 2025 compared to 2024: no growth, a 15% increase, and a 30% increase, affecting earnings per share and return on equity [3]. Use of Proceeds - The funds raised will be allocated to a semiconductor equipment R&D project and to supplement working capital, which aligns with the company's core business and long-term strategic goals [5][6]. - The semiconductor equipment R&D project aims to enhance product technology depth and support domestic demand, contributing to market share growth and improved financial performance [5]. Measures to Mitigate Dilution - The company has established a management framework for the use of raised funds, ensuring compliance with relevant laws and regulations to enhance fund utilization efficiency [6][7]. - A commitment to maintain shareholder rights and improve governance structures has been made, ensuring that the board acts in the best interests of all shareholders [7][8]. Commitments from Management - The board of directors and senior management have pledged to uphold their responsibilities and ensure the effective implementation of measures to mitigate the impact of share dilution on immediate returns [8][9]. - The controlling shareholders have also committed to maintaining the company's independence and not interfering with its management, ensuring that the interests of minority shareholders are protected [9].

辽宁政府部门的贴身服务让很多企业感觉很贴心。如沈阳市委金融办一年就要举行20多场资本市场专题 培训，定期组织重点产业投融资路演，对上市公司更有"联席会议制度"实现快速响应。辽宁已连续两年 开展省内上市公司全覆盖走访，面对面沟通解决企业生产经营所面临的难题，同时积极挖掘上市后备资 源。 高新技术产业是透视地方营商环境的绝佳窗口，因为技术的发展离不开资本的助力，越是"高新"，就越 需要资本的投入和金融的加持。在辽宁半导体设备企业集体突围、形成全国"第三极"的背后，是辽宁这 十多年上下一心攻山头、打硬仗，让"投资正过山海关"成为了常态。 2024年，辽宁招商引资到位资金同比增长14.1%，超额完成了全年目标。2025年前4个月，辽宁全省招 商引资到位资金达4186.8亿元，同比增长17.4%，实际使用外资197.7亿元，同比激增151.3%，增速远超 全国平均水平，投资热度和吸引力逐浪走高。 "投资正过山海关"的背后，是政府部门服务意识的转变。让笔者记忆犹新的，是辽宁省地方金融管理局 副局长战巍的"忙碌"。在接受采访前几天，他刚去了一趟深圳。在一天半的时间里，既搞"创投辽宁"发 展大会的路演，又开展企业上市和科创债 ...

Core Viewpoint - The domestic semiconductor equipment industry has witnessed a significant event with the change of control at ChipSource Micro (688037.SH), as North Huachuang Technology Group Co., Ltd. (002371.SZ) becomes the largest shareholder and actual controller through a series of share transfers totaling 3.135 billion yuan [2][3]. Group 1: Shareholder Changes - ChipSource Micro's major shareholder, Zhongke Tiansheng Automation Technology Co., Ltd., transferred all of its 16.8998 million shares (8.41% of total shares) to North Huachuang for 1.448 billion yuan [2]. - Another significant shareholder, Advanced Manufacturing Technology Industry Co., Ltd., transferred its 19.0649 million shares (9.48% of total shares) to North Huachuang for 1.687 billion yuan [2]. - North Huachuang now holds a total of 35.9647 million shares in ChipSource Micro, representing 17.87% of the total shares, making it the largest shareholder [2]. Group 2: Board Restructuring - On June 23, North Huachuang completed the restructuring of ChipSource Micro's board, with all four non-independent directors and one independent director nominated by North Huachuang being elected [3]. - Dong Boyu was appointed as the new chairman of ChipSource Micro for a three-year term, with the legal representative changing to Deng Xiaojun [3]. Group 3: Leadership Background - Dong Boyu, born in 1981, holds a Ph.D. from Fukui University in Japan and has extensive experience in the semiconductor equipment industry, having worked at North Huachuang since 2013 [4]. - ChipSource Micro, established in 2002, is the only domestic company capable of providing mass production front-end coating and developing machines, and it was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2019 [4]. Group 4: Market Performance - Following the announcement of the acquisition on March 10, ChipSource Micro's stock price increased by 21.1%, closing at 107.15 yuan per share on June 24, with a total market capitalization of 21.6 billion yuan [4]. - North Huachuang's stock closed at 435.82 yuan per share, with a market capitalization of 232.8 billion yuan [4].

Core Viewpoint - Changchuan Technology plans to issue A-shares to specific investors, which may significantly reduce the shareholding ratio of its actual controllers, Zhao Yi and Xu Xin, from 28.48% to 18.10% after the issuance and share transfer [1][9]. Group 1: Fundraising and Investment Plans - The company intends to invest approximately 22 billion yuan in semiconductor equipment research and development, with a total project investment of about 38 billion yuan [2][4]. - The funds will be used to purchase R&D equipment, hire relevant personnel, and develop testing machines and automatic optical inspection (AOI) devices [4]. - An additional 9.4 billion yuan will be allocated to supplement working capital, addressing the increasing financial needs in talent, management, technology, and R&D as the business scales [5]. Group 2: Shareholding Structure and Control - Zhao Yi holds 22.51% of the shares, while Xu Xin controls 5.97% through a partnership, totaling 28.48% before the share transfer [6]. - Following the transfer of approximately 31.16 million shares to a private fund, their combined control will decrease to 23.53%, and potentially to 18.10% after the new share issuance [7][9]. - Despite the reduction in shareholding percentage, Zhao Yi and Xu Xin will remain the actual controllers of the company [11].