2025年度业绩快报公告 证券代码：688181 证券简称：八亿时空 公告编号：2026-003 北京八亿时空液晶科技股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 报告期末，公司总资产330,055.47万元，同比增长13.21%；归属于母公司的所有者权益209,850.86万 元，同比增长0.61%；归属于母公司所有者的每股净资产16.04元，同比增长2.23%。 3.以上财务数据及指标以合并报表数据填列，但未经审计，最终结果以公司2025年年度报告为准 二、经营业绩和财务状况情况说明 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素 1、报告期的经营情况、财务状况 2025年度，公司实现营业收入87,107.06万元，同比增长18.13%；实现利润总额10,809.59万元，同比增 长7.52%；实现归属于母公司所有者的净利润7,832.03万元，同比增长2.24%；实现归属于母公司所有者 的扣除非经常性损益的净利润3,646.14万元，同比下降41.28%。 注：1.本报告期初 ...

八亿时空发布业绩快报，2025年度实现营业总收入8.71亿元，同比增长18.13%；净利润7832.03万元， 同比增长2.24%。报告期内，公司投资项目公允价值评估实现较大增值，对非经常性损益产生较大影 响。此外，公司坚持研发创新驱动，持续加大对光刻胶材料、高端液晶及OLED材料等核心领域的研发 投入。同时，随着子公司新建项目陆续建成投产，相应折旧费用同比有所增加；叠加年末计提存货跌价 准备等综合因素导致本期归属于母公司所有者的扣除非经常性损益的净利润较上年同期有所下降。 ...

Group 1 - The core viewpoint of the article is that Beijing Dingcai Technology Co., Ltd. has officially received acceptance for its application to list on the New Third Board, with a total of 80,394,266 shares to be publicly transferred [1] - Dingcai Technology focuses on the research, production, and sales of new electronic materials, with key products including OLED organic light-emitting materials and photoresist materials [3] - The company has successfully achieved mass production of high-generation color photoresists and planarization layers for flexible AMOLED displays, and has established partnerships with major players in the display industry such as Visionox and TCL Huaxing [3] Group 2 - Financial data indicates that Dingcai Technology's revenue is projected to be 270 million yuan in 2023, 416 million yuan in 2024, and 282 million yuan in the first half of 2025, with net profit attributable to the parent company expected to be -27.57 million yuan, 33.23 million yuan, and 45.68 million yuan respectively [3] - In May 2025, Dingcai Technology is set to receive investment from Shiming Technology, a leading company in the domestic pigment sector, which is expected to create deep synergies between the two companies [4] - The collaboration will enhance Dingcai's color photoresist product performance through Shiming's technology, while Dingcai's formulation experience and mass production capabilities will contribute to Shiming's technology upgrades in specialized nano-pigment dispersions [4]

Core Viewpoint - The Shanghai Municipal Government has issued a three-year action plan (2026-2028) to support the transformation and upgrading of advanced manufacturing, aiming to enhance the modern industrial system and promote collaborative development among enterprises of various sizes [1]. Group 1: Main Goals - By 2028, the plan aims to add 100 manufacturing enterprises with an annual output value exceeding 1 billion yuan, totaling over 600 such enterprises, and to drive the addition of 500 industrial enterprises above designated size in the supply chain [2]. Group 2: Implementation Actions - **Optimizing Traditional Advantage Industries**: The plan encourages traditional industries like petrochemicals and steel to innovate and expand into new materials, with financial support for qualifying projects [3]. - **Accelerating Leading Industry Strategies**: Support for integrated circuit companies to achieve breakthroughs across the entire industry chain, fostering internationally competitive leading enterprises [3]. - **Promoting Key and Emerging Industries**: Focus on developing new electronic information, smart connected vehicles, and advanced materials, while encouraging investment in emerging fields like low-altitude economy and commercial aerospace [3]. Group 3: Innovation and Technology - **Releasing Innovation Vitality**: Financial incentives for companies increasing basic research investments, with varying levels of support based on annual research expenditure [4]. - **Accelerating Core Technology Research**: Support for enterprises focusing on cutting-edge technologies such as laser manufacturing and quantum technology [4]. Group 4: Quality and Efficiency Enhancement - **Promoting Technological Transformation**: Financial support for projects aimed at upgrading production and R&D processes, with a cap on total support [4]. - **Deepening Digital Transformation**: Initiatives to enhance AI applications in manufacturing, aiming for full coverage of smart factory applications by 2028 [4]. Group 5: Resource and Support Actions - **Strengthening Talent Development**: Support for attracting high-level talent in key sectors, with financial incentives for successful candidates [5]. - **Enhancing Financial Support**: Encouragement for financial institutions to offer favorable loan products for manufacturing, with interest subsidies for key components and materials [5]. - **Expanding Logistics Support**: Development of industrial logistics facilities to integrate with manufacturing needs, enhancing transportation infrastructure [5]. Group 6: Market Development and Services - **Expanding Domestic and International Markets**: Establishing platforms for supply chain connections and promoting internet marketing for industrial enterprises [5]. - **Optimizing Enterprise Services**: Coordinating to address enterprise needs and ensuring that policies are effectively communicated and implemented [5].

Core Viewpoint - The Shanghai Municipal Government has issued a three-year action plan (2026-2028) to support the transformation and upgrading of advanced manufacturing industries, focusing on strategic leadership in pioneering industries [1] Group 1: Industry Focus - The plan emphasizes accelerating the development of the integrated circuit industry, targeting breakthroughs in equipment, advanced processes, photoresist materials, and 3D packaging to cultivate internationally competitive leading enterprises [1] - It highlights the importance of innovation in pharmaceuticals and high-end formulations, advanced medical devices, synthetic biology, and cell and gene therapy, supporting the growth of companies in these sectors [1] Group 2: Innovation and Technology - The initiative aims to deepen full-stack innovation and promote the rapid development of high-performance intelligent computing chips [1]

Core Viewpoint - The company is currently in the experimental research and development stage for its expansion into the photoresist materials sector and is actively following up on customer validation progress [1] Group 1 - The company has received inquiries from investors regarding its future development strategy, specifically about its expansion into the photoresist materials field [1] - As of January 7, the company confirmed its ongoing efforts in the experimental R&D phase [1] - The company is committed to continuously monitoring the progress of customer validation [1]

Core Insights - Recent institutional research activities indicate a strong focus on the performance, asset acquisitions, and strategic positioning of companies in popular sectors [1] Group 1: Overseas Business Development - Companies are increasingly focusing on overseas market expansion, with Tongli Co. reporting stable operations in international markets but acknowledging a gap between current performance and targets [2] - Tongli plans to enhance its overseas market efforts, viewing it as a key growth area, while prioritizing quality and profitability over mere scale [2] - Gaisi Foods has achieved a balanced sales distribution between domestic and international markets, selling products in nearly 70 countries, and aims to strengthen both overseas and domestic market channels [2] Group 2: Strategic Acquisitions - Awei Te's acquisition of German company Keuerleber GmbH is aimed at deepening global presence and mitigating market risks by diversifying export channels [3] - The acquisition is expected to enhance customer loyalty and satisfaction while leveraging regional advantages to expand overseas business [3] Group 3: Focus on Hot Sectors - Companies are being scrutinized for their positioning in trending sectors, with Guangsha Environmental Energy investing in automation and smart manufacturing to improve efficiency and reduce costs [4] - Kelong New Materials is advancing its liquid cooling systems, with products designed for extreme temperature ranges and undergoing development for new applications in data centers [4] Group 4: Capacity Enhancement - Huayuan Co. is enhancing production capacity through technological upgrades and the construction of a smart manufacturing base, expected to be completed by October 2025 [5] - Jiexian Co. is implementing a dual strategy of stabilizing traditional business while expanding emerging sectors, particularly in photolithography materials [5] Group 5: Profitability Concerns - Companies are facing scrutiny regarding their revenue and profit forecasts for the fourth quarter, with Guangsha Environmental Energy noting potential fluctuations due to industry cycles and project progress [6] - Haosheng Electronics highlights its diverse application scenarios in consumer electronics and emerging technologies, indicating a broad market potential [6][7]

Group 1 - The report highlights that the global semiconductor market is expected to grow significantly, with revenues projected to increase by 22.5% to $772 billion in 2025 and further by 26.3% to $975 billion in 2026, driven by strong demand for AI applications and data center infrastructure [2][10][12] - The semiconductor materials market in China is projected to grow from 75.58 billion yuan in 2020 to 143.78 billion yuan in 2024, with a compound annual growth rate (CAGR) of 17.44%, reaching 174.08 billion yuan by 2025 [12][15][16] - The report identifies several companies listed on the Beijing Stock Exchange that are involved in semiconductor materials, including Geberit, Jiaxian Co., Tianma New Materials, and others, which are positioned in critical segments of domestic substitution with high technical barriers and market scarcity [2][17][19] Group 2 - The report notes that the chemical new materials sector on the Beijing Stock Exchange experienced a slight decline of 0.16% during the week, with specific sectors like metal new materials and professional technical services showing positive growth [3][25][29] - Individual stocks such as KQ Co. and XWL Co. showed significant weekly gains, with KQ Co. increasing by 9.35% and XWL Co. by 6.03% [3][32][33] - The report provides insights into the price trends of various chemical products, including MDI and TDI, indicating fluctuations in the market that could impact related companies [34][35]

Market Performance - The main board led the gains with notable increases in stocks such as Zhong An Ke (+10.16%), Da Heng Technology (+10.04%), and Bei Wei Technology (+10.04%) [1] - The ChiNext board saw significant growth with Dongfang Guoxin (+20.02%) and Jiayuan Technology (+19.99%) leading the charge [1] - The Sci-Tech Innovation board was also strong, highlighted by achievements from Dahong Technology (+20.00%) and Hongwei Technology (+19.98%) [1] - Active sub-industries included SW Robotics (+6.23%) and SW Brand Consumer Electronics (+2.59%) [1] Domestic News - A collaboration between Dubridge Kangbo and Hangzhou Yixian Technology is set to launch a children's AI glasses product with features like posture correction and blue light filtering [1] - Ruian New Materials indicated that the verification cycle for photoresist materials is lengthy due to strict requirements on metal ion content and impurities [1] - GlobalFoundries announced a partnership with a local wafer foundry in China to enhance supply reliability for its customers in the region [1] - Global Crystal reported a consolidated revenue of NT$160.1 billion for Q2, marking a 2.7% quarter-on-quarter increase and a record for the same period [1] Company Announcements - Liyuan Information reported a total operating income of CNY 4.034 billion for H1 2025, a year-on-year increase of 17.46%, with a net profit of CNY 96 million, up 65.79% [3] - Pengding Holdings announced a revenue of CNY 3.0024 billion for July 2025, reflecting a 12.28% year-on-year growth [3] - Nanji Guang received a patent for a flexible ultra-thin Mini-LED backlight source, which will be gradually applied in related businesses [3] - Siwei Liekong reported a total operating income of CNY 689 million for H1 2025, a year-on-year increase of 23.35%, with a net profit of CNY 304 million, up 59.76% [3] Overseas News - Texas Instruments initiated a significant price increase affecting over 60,000 part numbers, marking a nearly 20-fold increase from 3,300 part numbers in June [1] - AMD's Q2 revenue reached $7.69 billion, a 32% year-on-year increase, with its data center segment generating $3.2 billion, up 14% [1] - JDI announced the closure of its Mobara factory and the sale of LCD and OLED production equipment, shifting focus to automotive panels and sensors [1] - Apple's brain-controlled device, developed by Synchron, was showcased, allowing a patient to control an iPad using thoughts [1]

Group 1: Macro Trends - The People's Bank of China and six other departments issued guidelines to support new industrialization, focusing on optimizing financial policies for key technology products and enhancing the resilience of industrial supply chains [1] - The State Council issued opinions to gradually implement free preschool education, starting from the fall semester of 2025, exempting public kindergarten fees for the final year [1] Group 2: Company News - Jiahu Energy reported a 9.64% year-on-year increase in net profit attributable to shareholders in the first half of the year [5] - Haon Electric plans to raise no more than 1.105 billion yuan for the expansion of its Shenzhen production line [6] - Zhongke Feimeng received 108 million yuan in government subsidies [6] - Zhongke Shuguang reported a net profit of 731 million yuan in the first half of the year, a year-on-year increase of 29.89% [6] - Niuwei Co. reported a 30.47% year-on-year increase in net profit in the first half of the year [6] - Jiuzhou Pharmaceutical reported a 10.7% year-on-year increase in net profit in the first half of the year [6] - Jindi Group achieved a signing amount of 2.58 billion yuan in July, a year-on-year decrease of 57.7% [6]