公司 2024 年有哪些新产品推出？预计哪些产品可以在未来 2 至 3 年贡献成长 力量？ Q&A 2024 年，公司继续加大研发力度，自主研发并推出了十余款新产品和新工艺， 包括 flowable CVD、PECVD Bionica、PECVD Super DON Stack、PECVD a CHM、ALD SICO、ALD SIN 等薄膜沉积设备，以及应用 于 3D 集成领域的先进键合设备和配套量检测设备，包括晶圆对晶圆混合键合、 晶圆对晶圆熔融键合设备、芯片对晶圆键合预处理设备、芯片对晶圆混合键合 设备以及键合套准精度量测和键合强度检测设备。这些新产品已经实现大量出 货，预计将在未来两到三年内为公司贡献明显的成长动力。 公司 2024 年营业收入大幅增长的原因是什么？ 公司 2024 年营业收入同比增长 51.70%，主要原因是公司持续拓展产品布局， 加快产品迭代并推出具有市场竞争力的新产品，业务规模不断扩大。PECVD 系 列作为公司的核心产品，保持竞争优势，扩大量产规模，销售收入创历史新高。 ALD 系列凭借国内工艺覆盖率领先的优势，多款新工艺设备获得重复订单并出 货，持续扩大量产规模。HDP CV ...

Company Performance - In 2024, the company achieved a revenue of approximately 4.103 billion, representing a year-on-year growth of 51.7% [1] - The net profit attributable to shareholders was 688 million, with a year-on-year increase of 3.86% [1] - However, in the first quarter of this year, the company reported a net loss of 147 million, attributed to high costs associated with new products and processes [1] Order Backlog and Market Outlook - The company has a robust order backlog, with an order amount of approximately 9.4 billion as of the end of 2024, indicating a healthy operational trend for 2025 [1] - The main products include thin film deposition equipment and advanced bonding equipment for 3D integration [1] Industry Position and Competition - The thin film deposition equipment industry is characterized by monopolistic competition, dominated by international giants such as Applied Materials, Lam Research, and Tokyo Electron, which hold about 70% of the CVD market [2] - The company has established a significant first-mover advantage in the domestic semiconductor equipment industry through its technological accumulation and rapid development [2] Research and Development - In 2023, the company's R&D investment reached 756 million, and in the first quarter of this year, it totaled 157 million, accounting for 22.38% of revenue, one of the highest among domestic semiconductor equipment companies [3] - The company launched over 10 new products/processes in 2024, including various thin film deposition equipment and advanced bonding equipment for 3D integration [3] International Expansion - The company's revenue is primarily sourced from mainland China, but it has established subsidiaries in Japan and Singapore to facilitate overseas market expansion [4] - The company plans to actively seek opportunities in overseas markets to continue its growth trajectory [4]

Market Performance - The three major indices experienced fluctuations, with the Shanghai Composite Index down 0.18%, Shenzhen Component down 0.61%, and ChiNext down 0.68% as of the close on May 27. The total trading volume in the two markets was approximately 998.9 billion yuan [2]. Sector Performance - The glyphosate and agricultural chemical sectors saw significant gains, with Zhongqi Co., Ltd. (300575.SZ) rising by 20%, Yabenn Chemical (300261.SZ) up over 12%, and other companies like Hailir Chemical (603639.SH) and Lier Chemical (002258.SZ) increasing by 10% [2]. - The consumer goods and food & beverage sectors also performed well, with Jin Feng Wine Industry (600616.SH), Junyao Health (605388.SH), and Kuaiji Mountain (601579.SH) all rising by 10% [3]. - The medical and CRO concept stocks strengthened, with Sanofi (688336.SH) increasing by over 15% and Junshi Biosciences (688180.SH) rising by 7.69% [3]. Policy Impact - Following the issuance of the "Special Action Plan to Boost Consumption" by the Central Committee and the State Council, various regions have introduced their own plans to stimulate consumption, such as Hebei Province's goal of a 5% growth in retail sales by 2025 and Hainan's commitment of over 10 billion yuan to support consumption from 2025 to 2027 [3]. Industry Outlook - CITIC Securities reported that the pharmaceutical sector is expected to show the best market returns in the first half of 2025, driven by policy optimization, commercial health insurance, and AI industry catalysts. The report suggests that the second half of 2025 will see a more certain performance and valuation recovery in the healthcare industry [4]. - The real estate sector also showed positive performance, with companies like Bright Real Estate (600708.SH) rising over 9%. Analysts noted that the easing of real estate policies and supportive fiscal measures are expected to further stimulate demand [5].

Core Viewpoint - The company, ChipSource Micro (芯源微), is a leading player in the semiconductor equipment sector, focusing on R&D, production, and sales of specialized equipment, and has shown growth in various business segments despite challenges in smaller product sizes [2][3][5]. Financial Performance - In 2024, the company achieved revenue of 1.754 billion yuan, a year-on-year increase of 2.13%, with growth in front-end track, cleaning, and advanced packaging segments, while revenue from small-sized products declined due to market conditions [3]. - R&D expenses for 2024 were 297 million yuan, up 49.9% from the previous year, with an R&D expense ratio of 17%, reflecting a significant increase in investment in materials and services [3]. - In Q1 2025, the company reported revenue of 275 million yuan, a 13% year-on-year increase, but net profit attributable to shareholders dropped 70% to 4.66 million yuan [4]. Business Segments - The company has established four main business segments: front-end coating and developing, front-end cleaning, advanced packaging, and core components, with over 2,000 units shipped, solidifying its position as a domestic leader [2]. - The front-end cleaning machines have captured the domestic market with a leading market share, while the front-end chemical cleaning machines have successfully broken foreign monopolies [2][4]. Market Trends - The semiconductor equipment market in mainland China has seen significant growth, with a market size increase from $6.46 billion in 2016 to $36.6 billion in 2023, and a projected record of $49.5 billion in 2024, reflecting a compound annual growth rate of 28.11% [5]. - The company is benefiting from favorable government policies aimed at supporting the semiconductor industry, which is expected to enhance innovation and competitiveness [5]. Strategic Developments - The company has signed new orders worth 2.4 billion yuan in 2024, a 10% increase year-on-year, with strong growth in front-end chemical cleaning and bonding equipment [4]. - North Huachuang (北方华创) is in the process of acquiring shares in ChipSource Micro, which could enhance synergies between the two companies due to their complementary product offerings in the semiconductor equipment sector [6].

在今年3月拿下证监会批文后，北京屹唐半导体科技股份有限公司（简称屹唐股份）历时近四年的上市 之路，距离"修成正果"已近在咫尺。 作为前期科创板在审企业中排队时间最长的"老大难"，屹唐股份IPO过程可谓一波三折、跌宕起伏。 先是2021年从受理到过会、提交注册势如破竹，接着便是因普华永道遭证监会立案调查，被迫中途更换 申报会计师，刚刚重整旗鼓后，827新政又不期而至...... 好在，一千多天的等待后，屹唐终于获得了登陆资本市场的"通行证"，从控股股东亦庄国投，到深创 投、红杉等一众知名参股机构，终于也将能体面兑现收益。 不过在监管机构放行后，屹唐股份恐怕还需要面对一场更大的考验。 保持距离的"客户A"？ 时间回溯到2015年11月，彼时亦庄战略新兴产业基金（战新基金）出资设立北京屹唐盛龙半导体产业投 资中心，屹唐盛龙于次月与美国半导体设备公司MTI（Mattson Technology, Inc）等主体达成协议，以约 3亿美元对价收购其全部股权。在国内，屹唐盛龙亦同步发起设立屹唐有限，即今天的屹唐股份，随即 将MTI转为其全资子公司。 该笔交易在顶级律所瑞生国际（Latham & Watkins LLP）协助 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自 eejournal 。 近年来，CXL正在成为大家的焦点。 事实上，在开发 CXL 标准、基于该标准生产早期计算机硬件（内存模块和内存服务器）以及从该 硬件获取一些性能数据方面确实取得了长足的进步。从性能数据中，现在可以确定哪些应用程序最 适合使用基于 CXL 的内存子系统，哪些不适合。 内存专家Jim Handy在一个分享中概述了 CXL 的现状。他首先指出，就像七个盲人摸象一样， CXL 凭借其在各个修订版本中新增的功能，拥有了丰富的功能。CXL 可用于： 根据应用程序的不同，其中一些功能将比其他功能更重要，正如 Handy 通过来自可能使用 CXL 内存的不同系统 OEM 的回应所说明的那样： Handy 还 指 出 ， CXL 是 一 个 相 对 较 新 的 标 准 。 CXL 联 盟 于 2019 年 发 布 了 CXL 1.0 和 CXL 1.1。CXL 2.0 于 2020 年底发布，它增加了 CXL 交换的概念，以支持数据中心机架内的多个主 机 xPU。CXL 3.0、3.1 和 3.2 增加了多项功能，包括多个交换机层，以支持跨机 ...

证券代码：603061 证券简称：金海通 公告编号：2025-021 天津金海通半导体设备股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事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、准确性和完整性承担法律责任。 重要内容提示： ● 每股分配比例 A股每股现金红利0.17元（含税） 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。存放于公司回购专用证券账户（账户号码 B886346479）中的股份系公司以集中竞价交易方式回购的本公司股份，不享有参与本次利润分配的权 利。 3.差异化分红送转方案： （1）差异化分红方案 根据公司于2025年3月19日公告的《天津金海通半导体设备股份有限公司关于2024年度利润分配方案的 公告》（公告编号：2025-004）和公司于2025年4月8日召开的2024年年度股东大会审议通过的《关于 2024年度利润分配方案的议案》，公司2024年度利润分配方案如下： 公司拟以实施权益分派时股权登记日登记的总股本扣减公司回购 ...

差异化权益分派特殊除权除息事项的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为天津 金海通半导体设备股份有限公司（以下简称"金海通"或"公司"）的持续督导机构， 根据《中华人民共和国公司法》 国泰海通证券股份有限公司 关于天津金海通半导体设备股份有限公司 《中华人民共和国证券法》 《上海证券交易所交易 规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规 定，对公司 2024 年度利润分配所涉及的差异化权益分派特殊除权除息事项进行 了审慎核查，具体情况如下： 一、本次差异化分红方案及原因 （一）本次差异化分红方案 根据公司于 2025 年 3 月 19 日公告的《天津金海通半导体设备股份有限公司 关于 2024 年度利润分配方案的公告》和公司于 2025 年 4 月 8 日召开的 2024 年 年度股东大会审议通过的《关于 2024 年度利润分配方案的议案》，公司 2024 年 度利润分配方案如下： 公司拟以实施权益分派时股权登记日登记的总股本扣减公司回购专用账户 的股数为基数，向全体股东（公司回购专用证券账户除外）每 10 股派发现金红 利 1.70 元（ ...

Core Insights - The mechanical industry is experiencing pressure on performance due to a weak macroeconomic recovery in 2024, with total revenue reaching 24,902 billion yuan, a year-on-year increase of 5.18%, while net profit attributable to shareholders decreased by 9.90% to 1,377 billion yuan [1] - In Q1 2025, the overall performance of listed companies in the mechanical industry improved, achieving revenue of 5,630 billion yuan, a year-on-year increase of 9.05%, and net profit of 391 billion yuan, a year-on-year increase of 17.43% [1] Revenue and Profitability - The overall gross margin for the mechanical industry in 2024 is 21.82%, down by 1.09 percentage points year-on-year, while the net profit margin is 5.53%, down by 0.93 percentage points year-on-year [2] - In Q1 2025, the gross margin is 21.96%, down by 0.39 percentage points year-on-year but up by 1.09 percentage points quarter-on-quarter, and the net profit margin is 6.95%, up by 0.50 percentage points year-on-year and up by 4.93 percentage points quarter-on-quarter [2] Sector Performance - The top five sectors in terms of revenue growth in 2024 are semiconductor equipment (+35%), injection molding machines (+22%), shipbuilding and offshore engineering (+20%), photovoltaic equipment (+13%), and machine tools (+5%) [2] - The top five sectors in terms of net profit growth in 2024 are shipbuilding and offshore engineering (+146%), injection molding machines (+23%), semiconductor equipment (+21%), engineering machinery (+14%), and coal machinery and mining machinery (+13%) [2] - In Q1 2025, the top five sectors for revenue growth are semiconductor equipment (+33%), rail transit equipment (+30%), injection molding machines (+20%), lasers (+14%), and shipbuilding and offshore engineering (+11%) [2] - The top five sectors for net profit growth in Q1 2025 are shipbuilding and offshore engineering (+203%), rail transit equipment (+75%), coal machinery and mining machinery (+37%), engineering machinery (+34%), and semiconductor equipment (+33%) [2] Investment Recommendations - The company suggests focusing on infrastructure and real estate chains driven by policy support, recommending engineering machinery and urban rail signaling systems [2] - It also recommends paying attention to cyclical general equipment due to domestic demand recovery, including industrial control, machine tools, industrial gases, and testing services [2] - New technologies and industries emerging from new productive forces, such as humanoid robots and low-altitude economy, are highlighted as new investment opportunities [2] Investment Portfolio - The recommended investment portfolio includes SANY Heavy Industry, Hengli Hydraulic, Jereh Group, Yihada, and Jack [3]

Core Viewpoint - The semiconductor equipment and components sector is expected to exhibit both resilience and growth due to the acceleration of domestic equipment adoption and replacement in China [1] Group 1: Domestic Equipment Expansion - Downstream industries are actively expanding production, with the domestic semiconductor equipment localization rate projected to be only 21% in 2024. However, based on guidance from AMAT, TEL, and KLA, the revenue share is expected to return to normal levels by 2025, indicating a rapid increase in market share for local equipment manufacturers [1] Group 2: Component Replacement Acceleration - Domestic equipment manufacturers have been collectively placed on the entity list, making it difficult for American components to be obtained (presumed denial). This reshapes the market landscape, benefiting local component manufacturers as they accelerate the replacement of foreign parts [1] Group 3: Strengthened Demand for Self-Sufficiency - There is a reinforced demand for self-sufficiency, with investment in the sector showing both resilience and growth potential. Key areas of focus include gas/liquid paths, RF power supplies, and optical components, which are predominantly led by American companies but have significant room for growth. Relevant manufacturers are expected to benefit from performance elasticity due to sanctions [1] - In addition to American companies, Japanese and Korean manufacturers also hold substantial market shares in components. Domestic equipment leaders are accelerating the complete localization of their supply chains, with expectations for rapid market share growth in specific leading players within the sector [1] Group 4: Investment Opportunities - The semiconductor equipment ETF (code: 159516) tracks the semiconductor materials and equipment index (code: 931743), which includes publicly listed companies in the semiconductor materials and equipment manufacturing sector. This index reflects the overall performance of securities in the industry, characterized by high growth potential and significant technical barriers, with a focus on upstream segments of the semiconductor supply chain, including wafer manufacturing equipment, testing equipment, and photolithography materials [1]