转自：新华财经 新华财经北京9月28日电（记者刘玉龙、郝菁、王钊）今年下半年，八亿时空在浙江上虞的百吨级半导 体KrF光刻胶树脂高自动化柔性/量产双产线建成，项目达产后预计营收规模超亿元。 "选择布局产业需要、社会需要、国家需要的领域，对企业而言既是挑战也是机遇。"北京八亿时空液晶 科技股份有限公司董事长、总经理赵雷接受记者专访时说，在全球半导体材料技术迭代创新发展背景 下，公司从显示材料向半导体材料延伸，以光刻胶树脂为切入口，构建自主可控的核心技术，开发多款 半导体材料。公司将依据市场情况逐步扩产能，计划未来五年具备年产200-300吨高端光刻胶树脂的生 产能力。 编辑：罗浩 中国经济信息社出品 策划：郝菁 制作：王钊 ...

（文章来源：新华财经） "选择布局产业需要、社会需要、国家需要的领域，对企业而言既是挑战也是机遇。"北京八亿时空液晶 科技股份有限公司董事长、总经理赵雷接受记者专访时说，在全球半导体材料技术迭代创新发展背景 下，公司从显示材料向半导体材料延伸，以光刻胶树脂为切入口，构建自主可控的核心技术，开发多款 半导体材料。公司将依据市场情况逐步扩产能，计划未来五年具备年产200-300吨高端光刻胶树脂的生 产能力。 新华财经北京9月28日电 今年下半年，八亿时空在浙江上虞的百吨级半导体KrF光刻胶树脂高自动化柔 性/量产双产线建成，项目达产后预计营收规模超亿元。 ...

"选择布局产业需要、社会需要、国家需要的领域，对企业而言既是挑战也是机遇。"北京八亿时空液晶 科技股份有限公司董事长、总经理赵雷接受记者专访时说，在全球半导体材料技术迭代创新发展背景 下，公司从显示材料向半导体材料延伸，以光刻胶树脂为切入口，构建自主可控的核心技术，开发多款 半导体材料。公司将依据市场情况逐步扩产能，计划未来五年具备年产200-300吨高端光刻胶树脂的生 产能力。 新华社北京9月28日电（记者刘玉龙、郝菁、王钊）今年下半年，八亿时空在浙江上虞的百吨级半导体 KrF光刻胶树脂高自动化柔性/量产双产线建成，项目达产后预计营收规模超亿元。 ...

新华财经北京9月28电（记者刘玉龙、郝菁、王钊）"回顾公司发展历程，不管是液晶显示材料高市占率，还是光刻胶树脂材料取得关键性突破，都是产业发 展带动企业发展。"北京八亿时空液晶科技股份有限公司董事长、总经理赵雷近日接受记者专访时说，选择布局产业需要、社会需要、国家需要的领域，对 企业而言既是挑战也是机遇。 赵雷表示，在国产替代趋势及政策支持下，八亿时空从显示材料向半导体材料延伸，今年有望形成新的业绩贡献。公司将依据市场情况逐步扩大产能，计划 未来五年具备年产200-300吨高端光刻胶树脂的生产能力，并将持续加大新产品技术研发工作，使公司具备持续的科技创新能力。 图为八亿时空合成生产车间 ——主营稳健，新业务研发和折旧加大拖累净利润 2025年上半年，八亿时空营业收入4.15亿元，同比增长10.63%，净利润较去年同期有所下滑，经营现金流净额由正转负。 对此，赵雷表示，八亿时空主营液晶显示业务近几年稳健增长，净利润同比下滑主要是研发投入和新建项目折旧导致的。 "今年上半年，我们的研发投入比去年同期增加了1000万元左右，折旧增加了约1300万元，假如扣除这两块支出，实际上公司净利润是增长的。"赵雷说，液 晶业务 ...

Group 1 - The core viewpoint of the article indicates that Wanrun Co., Ltd. (002643) is experiencing positive growth in its semiconductor manufacturing materials business, with overall revenue expected to increase in the first half of 2025 [1] - The semiconductor manufacturing materials production workshop in the "Zhongjieneng Wanrun (Penglai) New Materials Phase I Construction Project" has commenced trial production [1] - The upcoming Wanrun Industrial Park Phase II C05 project will include a production capacity of approximately 751 tons for photoresist-related materials, which will support the company's goal of becoming a strong player in the global semiconductor manufacturing materials industry [1]

Core Viewpoint - The establishment of a high-end semiconductor photoresist resin production line by Beijing Aiyishikong Liquid Crystal Technology Co., Ltd. marks a significant breakthrough in the domestic high-end photoresist resin sector, aligning with the company's mission of technological innovation and national strategy service [1][2]. Group 1: Company Overview - Aiyishikong was founded in July 2004 and went public on the Sci-Tech Innovation Board in January 2020, with a diversified business layout including liquid crystal materials, polymer dispersed liquid crystal (PDLC), organic electroluminescent materials (OLED), polyimide (PI), and photoresist materials [1]. - The company has developed a full series of research and production capabilities for KrF photoresist resin, collaborating with leading photoresist manufacturers to create high-performance resins [3]. Group 2: Market Demand and Strategic Partnerships - The global semiconductor market demand has surged due to the rise of artificial intelligence and 5G, with photoresist being a core material for chip manufacturing, where approximately 90% of the upstream key raw material, photoresist resin, is imported [2]. - Aiyishikong's subsidiary, Shanghai Aiyishikong Advanced Materials Co., Ltd., has formed a strategic partnership with Xiamen Hengkang New Materials Technology Co., Ltd., which holds an 11.11% stake in the subsidiary and is a supplier for several 12-inch wafer fabs [2]. Group 3: Future Growth and Revenue Projections - The company anticipates achieving revenue in the range of millions by the second half of 2025 from photoresist resin, with expectations to exceed 100 million after full production capacity is reached [3]. - Future plans include gradually expanding production capacity to 200 to 300 tons of photoresist resin annually over the next five years, alongside continued investment in research and development [3]. Group 4: New Application Markets - Aiyishikong has been recognized as a strategic supplier of domestic TFT liquid crystal materials for leading panel manufacturers, including BOE Technology Group Co., Ltd. [4]. - The company is actively exploring new application markets, particularly in automotive displays, driven by the increasing demand for intelligent features in electric vehicles [4][5]. - Aiyishikong has developed dye liquid crystals for smart dimming applications in skylights, entering the high-end market, and has successfully tested and sold several automotive display liquid crystal materials [5].

Core Viewpoint - The company, Beijing Eight Billion Space Liquid Crystal Technology Co., Ltd., is actively investing in the semiconductor industry, particularly in liquid cooling technology, to meet the growing demand for AI computing power and is optimistic about the future of this sector [2][3]. Company Overview - Beijing Eight Billion Space was established on July 9, 2004, and went public on January 6, 2020. The company specializes in the research, production, and sales of liquid crystal materials for displays [7]. - The main revenue sources for the company include mixed liquid crystal (90.87%), other products (6.09%), and liquid crystal monomers (1.04%) [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 415 million yuan, representing a year-on-year growth of 10.63%. However, the net profit attributable to shareholders decreased by 37.90% to 30.87 million yuan [8]. - The company has distributed a total of 128 million yuan in dividends since its A-share listing, with 41.30 million yuan distributed over the past three years [9]. Investment Activities - The company has invested 50 million yuan in Nantong Zhanding, a company it has a stake in since 2022, which produces electronic fluorinated liquids for semiconductor manufacturing and supercomputing server cooling [2]. - The company is committed to ongoing support in terms of industrial cooperation and capital for Nantong Zhanding, reflecting its confidence in the fluorinated liquid industry [2]. Market Position - As of June 30, 2025, the company had 9,597 shareholders, an increase of 17.18% from the previous period, while the average circulating shares per person decreased by 14.66% [8]. - The company operates within the electronic-optical electronics panel sector and is involved in various concept sectors, including new materials and OLED [8].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's Q2 performance exceeded expectations, with significant improvements in net profit and revenue compared to the previous quarter, indicating a positive trend for the new materials platform in the future [6] - The company is focusing on high-value-added materials, with a notable recovery in its MP business and ongoing development in semiconductor materials, high-performance polymers, and new energy materials [6] Financial Data and Earnings Forecast - Total revenue for 2025 is projected to be 3,924 million yuan, with a year-on-year growth rate of 6.3% [5] - The net profit attributable to the parent company is expected to reach 459 million yuan in 2025, reflecting an 86.2% increase year-on-year [5] - The company achieved a gross margin of 39.9% and a net margin of 16.02% in Q2 2025, showing improvements in profitability [6] - R&D expenses for Q2 2025 were 115 million yuan, representing 11.45% of revenue, indicating a strong commitment to innovation [6] Business Segment Performance - The functional materials segment reported revenue of 1,469 million yuan in H1 2025, down 10% year-on-year, while the pharmaceutical materials segment saw a 21% increase in revenue to 376 million yuan [6] - The OLED terminal materials and PI materials are experiencing significant growth, while the molecular sieve business is under pressure due to weak downstream demand [6] - The company is actively developing new products in semiconductor materials and has initiated projects to expand production capacity for photolithography materials and polyimide materials [6]

Core Viewpoint - The company, as a leader in the domestic liquid crystal materials sector, has recently established a high-end semiconductor photoresist resin production line, showcasing its comprehensive strength and R&D capabilities [1][3]. Industry Demand - The decision to focus on photoresist resin stems from the urgent demand in the semiconductor materials field, driven by the rapid growth of emerging markets such as smart vehicles, industrial automation, and data centers [2]. - The semiconductor photoresist market is expanding quickly, but the industry faces challenges of "R&D material shortages and production capacity constraints" [2]. - Many manufacturers and research institutions struggle to find stable sources of small-batch resin materials, hindering technological iteration and production scale [2]. Production Capabilities - The company has developed a professional R&D team for photoresist resin, achieving significant results in anionic polymerization technology, with products having a molecular weight distribution of less than 1.2 [2]. - The newly built production line includes a high-flexibility R&D pilot line for small-batch, multi-variety production and a high-capacity mass production line for stable output of mature products [4][5]. - The high-flexibility pilot line can significantly shorten the time from laboratory to industrialization, allowing for rapid formulation iteration and process verification [4]. Revenue Projections - The company anticipates achieving revenue in the range of millions of yuan from the photoresist resin business in the second half of the year, with expectations of exceeding 100 million yuan once the project reaches full capacity [4]. Future Plans - The company aims to gradually expand production capacity over the next five years, targeting an annual output of 200-300 tons of photoresist resin [5][6]. - Continuous R&D investment will be maintained to ensure product performance meets international standards [5][6]. - Collaboration across the supply chain is deemed crucial, with a focus on enhancing overall competitiveness through technology sharing and joint R&D efforts [6].

Core Viewpoint - The company, Ba Yi Shi Kong, is positioning itself as a leader in the domestic liquid crystal materials sector by expanding into semiconductor photoresist resin materials, addressing the urgent demand in the semiconductor materials field [1][2]. Industry Demand - The decision to develop photoresist resin stems from the increasing demand in the semiconductor sector, driven by the growth of emerging markets such as smart vehicles, industrial automation, and data centers [1]. - The semiconductor photoresist market is experiencing rapid expansion, yet the industry faces challenges of "research and development shortages" and "production shortages" [1]. R&D and Production Capabilities - Ba Yi Shi Kong has established a professional R&D team for photoresist resin, achieving significant results in anionic polymerization technology, with products having a molecular weight distribution of less than 1.2 [2]. - The company has completed the construction of a high-end semiconductor photoresist resin production line capable of producing hundreds of tons, indicating its comprehensive R&D and production capabilities [2]. Production Lines - The company has innovatively designed two fully autonomous production lines: one for high-flexibility R&D to address small-batch, multi-variety needs, and another for high-capacity mass production [2]. - The high-flexibility R&D line allows for rapid switching of formulations and processes, significantly reducing the time from laboratory to industrialization [2]. Revenue Projections - With the gradual release of production capacity, the photoresist resin business is expected to achieve revenue in the range of millions in the second half of the year, with projected revenues exceeding 100 million after reaching full production [3]. Future Capacity Goals - The company aims to gradually expand its production capacity over the next five years, targeting an annual production capability of 200-300 tons of photoresist resin [3]. - Continuous investment in R&D will be maintained to ensure product performance meets international standards [3]. Industry Collaboration - The company emphasizes the importance of collaboration across the supply chain, involving upstream materials, midstream resin manufacturers, and downstream application enterprises to enhance overall competitiveness [3].