（来源：辽宁日报） 转自：辽宁日报 | 关键词 | 新兴产业与未来产业 | | | --- | --- | --- | | 黑保 | 新兴产业布局重点 | 未来产业布局重点 | | 辽宁 | 集成电路装备 机器人 | 深地深海空天 先进储能 | | | 生物医药 航空航天 | 具身智能 | | 江苏 | 新一代信息技术 高端装备 | 第三代半导体 | | | 大飞机集群 | 原子级制造 | | 山东 | 集成电路 智能网联 商业航天 | 深海空天 量子科技 | | | 能源汽车 低空经济 | 元宇宙 | | | 人工智能 低空经济 | 人形机器人 类脑智能 | | 广东 | 商业航天 新型储能 | 量子科技 具身智能 | | | 无人机和无人船 | 氢能和核聚变能 | | 关键词 | 数字化发展 | | | --- | --- | --- | | ક્તરિ | 战略定位 | 差异化举措 | | 辽宁 | 数字辽宁 | 发展数据标注产业 | | | 融入全国一体化 算力体系 | 人工智能赋能工业全要素 | | | | 加强高端芯片、基础软件等关 | | 北京 | 全球数字经济 标杆城市 | 键核心技术攻关 做 ...

刚刚闭幕的省委经济工作会议，总结我省今年经济工作，分析当前经济形势，并对明年经济任务作 出部署安排。我省广大干部群众深入学习会议精神，纷纷表示，要切实把思想和行动统一到党中央及省 委对形势的科学判断上来，把握关键、精准发力，高质量完成省委部署的八项重点任务，确保"十五 五"开好局、起好步。 省发展改革委党员干部表示，将认真贯彻会议精神，有力有效做好本职工作。全面落实省委"十五 五"规划建议，立足辽宁实际，编制实施好"十五五"规划。加强经济监测预警分析，做好政策衔接、工 作衔接，加快制定出台促进经济高质量发展的政策措施。全力以赴打好扩大有效投资翻身仗，把投资于 物和投资于人紧密结合起来，加强项目储备论证，谋划实施一批发展所需、地方所能、群众所盼的高质 量项目。因地制宜发展新质生产力，推动六方面十二大领域"人工智能+"行动，完善低空经济产业生 态，开展服务业提质扩能行动。用改革的理念优化营商环境，加快出台优化营商环境行动方案，推动全 省经济实现质的有效提升和量的合理增长。 全省工信系统广大干部表示，将全面落实会议精神，锚定实现新型工业化这个关键任务，统筹传统 产业转型升级和战略性新兴产业培育壮大，着力构建具有辽宁 ...

会议的具体部署让省应急厅党委书记、厅长李勇对新一年工作的思路更加清晰，"这次会议，我感 受到省委对辽宁未来发展的谋划站位高远、考虑长远；感受到省委结合辽宁实际制定的目标、举措务实 科学严谨。"他表示，全省应急管理部门将重点做好"四个着力"。着力防风险，抓实重点领域整治，推 动公共安全治理模式向事前预防转型，坚决防范遏制重特大事故发生。着力促发展，把"投资于 物"和"投资于人"与企业发展、人力资源培养相结合，与设备更新本质安全提升结合，增投资、促消 费，形成安全与发展良性循环。着力抓改革，加快完善大安全大应急框架下应急指挥机制。着力抓基 层，加快补齐基层应急力量缺口，强化基层社会面小场所治理，全面提升基层应急管理能力。 粮食产量515.6亿斤创历史新高、光子计数CT填补国内空白、沈阳获批国家中欧班列集结中心…… 刚刚过去的一年，辽宁的一项项成果令人欣喜。展望新的一年，任务催人奋进。与会同志纷纷表示，要 进一步坚定推动高质量发展的信心决心，观势而谋、应势而动、蓄势而发，锚定年度目标，纲举目张、 精准发力，确保"十五五"开好局、起好步。 锚定目标增动力 在省委经济工作会议召开前夕，省统计局发布了今年1月至11月全省 ...

华安证券研报指出，北方华创2025年第三季度归母净利润19亿元，同比增加15%，环比增加18%；受益 于国内集成电路装备市场需求增长，以及高效研发推动的市占率稳步提升，公司第三季度业绩快速增 长。公司坚持高强度的研发策略，前三季度研发费用约33亿元，同比增长48%。持续的技术投入有效提 升了工艺覆盖度，为公司长期的高质量发展奠定了坚实基础。公司发布新一期股权激励，设定积极的考 核条件，有利于充分激发核心团队积极性，将员工利益与公司长远发展深度绑定。维持公司"买入"评 级。 ...

Core Insights - The Yangtze River Delta region is recognized as a core cluster for high-end equipment manufacturing in China, benefiting from strategic initiatives like the G60 Science and Technology Innovation Corridor [1] - The release of the "Yangtze River Delta High-end Equipment New Quality Leaderboard" highlights the region's growth potential, supported by continuous policy incentives from "Made in China 2025" to the "14th Five-Year Plan" [1] Industry Overview - The leaderboard focuses on five key sectors: robotics, energy equipment, low-altitude economy, intelligent transportation equipment, and other emerging industrial technologies [1] - Evaluation criteria for participating companies include core team strength, technological and product leadership, market and business layout, financial health, market influence, and future planning [1] Company Highlights - A total of 38 companies were recognized for their outstanding innovation capabilities and development potential [1] - Emerging industrial technology equipment sector leads with a representation of 34.2% among the evaluated companies, while integrated circuit equipment companies account for 10.5% of the total [1] - The robotics sector follows closely with a 31.6% share, indicating strong growth momentum [1]

Group 1 - The 20th Central Committee's Fourth Plenary Session has initiated a wave of learning and implementation among state-owned enterprises in Beijing, focusing on high-quality development and aligning with the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" [1] - The Bay Area project, which includes WellTown, Tingyun Town, and NuoLan Hotel, is set to open on December 26, becoming a new commercial landmark in Beijing and a consumption hub for domestic and international tourists [1] - Shougang Group emphasizes the importance of leveraging major development opportunities and aims to create a new urban revival landmark with international standards [3] Group 2 - Northern Huachuang has maintained over 35% revenue growth for five consecutive years, becoming a core player in the domestic integrated circuit high-end equipment sector, with total revenue surpassing 200 billion yuan, doubling compared to the "13th Five-Year Plan" period [2] - Beijing Electric Control has established a "chip-screen" centered industrial ecosystem, enhancing operational quality and comprehensive strength, with a focus on self-control and collaborative development for the "15th Five-Year Plan" [2] - Beijing Capital Group aims to improve heating service levels during the winter heating season, emphasizing public service and community welfare as core objectives [4]

Core Insights - The company, North Huachuang, reported significant revenue and profit growth in Q3, but faced a drastic decline in cash flow due to increased orders and R&D investments [1][3]. Financial Performance - Q3 revenue reached 11.16 billion yuan, a year-on-year increase of 38.31% - Net profit for Q3 was 1.92 billion yuan, up 14.60% year-on-year - For the first three quarters, total revenue was 27.30 billion yuan, reflecting a 32.97% increase - Net profit for the first three quarters amounted to 5.13 billion yuan, a 14.83% increase [1][3][4]. Cash Flow and Debt - The net cash flow from operating activities was -2.57 billion yuan, a staggering decline of 713% year-on-year - Long-term borrowings surged from 3.95 billion yuan at the beginning of the year to 13.22 billion yuan, marking a 235% increase - Total interest-bearing debt reached 13.5 billion yuan, with financial expenses for the first three quarters hitting 150 million yuan, a 116% increase [1][3][4]. R&D Investment - R&D expenses for the first three quarters totaled 3.29 billion yuan, a 48% increase year-on-year, accounting for 12% of revenue - Capitalized R&D expenditures rose to 7.47 billion yuan, up 25% from the beginning of the year [4]. Market Performance - The company's stock price increased nearly 50% year-to-date, closing at 415.5 yuan per share, up from 277.18 yuan at the start of the year [4].

Core Viewpoint - Jing Sheng Mechanical and Electrical announced the successful delivery of its self-developed 12-inch atmospheric silicon epitaxy equipment to leading domestic customers, achieving international advanced levels in key performance indicators such as resistivity, thickness uniformity, epitaxial layer defect density, production efficiency, and process repeatability [1] Group 1: Product Development and Delivery - The company is actively promoting customer validation for new products including the 12-inch dry-in-dry-out edge grinding machine and the 12-inch double-sided thinning machine [1] - The 12-inch silicon reduced pressure epitaxy growth equipment has successfully achieved sales, utilizing a single temperature zone and multi-temperature zone closed-loop control mode, combined with multi-vacuum zone precise pressure control technology to ensure high stability during the epitaxy growth process [1] Group 2: Technological Advancements - The unique flat cavity structure and multi-port diversion system design of the equipment significantly enhance the film thickness uniformity and doping uniformity of the epitaxial layer, meeting the high standards required for advanced processes [1] - The company has successfully developed ultra-fast ultraviolet laser grooving equipment for advanced packaging applications, filling a gap in the domestic high-end ultraviolet laser grooving technology field and achieving domestic substitution [1]

Core Viewpoint - The company currently holds a 1.2566% stake in Jiangsu Yingsu Integrated Circuit Equipment Co., Ltd [2] Group 1 - The company responded to investor inquiries on September 22 regarding its investment holdings [2]

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by more than 15% in the next six months [4]. Core Insights - The company has demonstrated rapid growth in its core business areas, particularly in electronic process equipment and electronic components, with significant increases in orders and sales volume [2]. - The acquisition of ChipSource Microelectronics has enhanced the company's product line and competitive edge in the integrated circuit equipment sector [2]. - The company has achieved substantial revenue growth, with a projected revenue increase from 22,079 million yuan in 2023 to 60,935 million yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 23.4% [1]. Financial Performance Summary - Revenue for the first half of 2025 reached 16,142 million yuan, a year-on-year increase of 29.51%, while net profit attributable to shareholders was 3,208 million yuan, up 14.97% year-on-year [1]. - The company expects net profit attributable to shareholders to grow to 11,471 million yuan by 2027, with an EPS of 15.84 yuan [1][8]. - The return on equity (ROE) is projected to improve from 16.2% in 2023 to 19.6% in 2027, indicating enhanced profitability [1]. Market Position and Growth Drivers - The company has established a comprehensive product lineup in etching and thin film deposition equipment, with revenues exceeding 50 billion yuan and 65 billion yuan in these segments, respectively, for the first half of 2025 [3]. - The global market for integrated circuit equipment is expected to reach a record high of 116.1 billion USD in 2024, driven by increasing demand in China, the largest chip consumer market [3]. - The company is well-positioned to benefit from trends in AI computing, automotive electronics, and domestic substitution, with anticipated net profits of 73.41 billion yuan, 95.11 billion yuan, and 114.71 billion yuan for 2025 to 2027 [8].