Core Viewpoint - Shanghai Wanye Enterprises Co., Ltd. reported significant growth in revenue and profitability for the first half of 2025, driven by the establishment of a new subsidiary focused on bismuth materials and the sale of equity in an associated company, enhancing both net profit and cash flow [2][3][4]. Company Overview and Financial Indicators - The company achieved operating revenue of approximately 698.97 million yuan, a 247.76% increase compared to the same period last year [2]. - The total profit reached approximately 6.55 million yuan, a significant recovery from a loss of 137.59 million yuan in the previous year [2]. - The net profit attributable to shareholders was approximately 40.81 million yuan, compared to a loss of 70.81 million yuan in the same period last year [2]. - The company's total assets increased by 15.37% to approximately 11.53 billion yuan [2]. Industry Context - The semiconductor market is experiencing robust growth, with global sales projected to reach 627.6 billion USD in 2024, a 19.1% increase year-on-year [4]. - China's semiconductor sales are expected to grow by 18.3% in 2024, reflecting strong domestic demand [4]. - The government is actively supporting the semiconductor industry through various policies, including tax reductions and R&D subsidies, which are expected to accelerate the development of domestic semiconductor equipment and materials [5]. Business Segments - The company is focusing on two main areas: semiconductor industry and real estate. It is enhancing its semiconductor equipment and materials business while optimizing its real estate asset structure [12][14]. - The newly established subsidiary, Anhui Wandao Electronics Technology Co., Ltd., is dedicated to the deep processing of bismuth materials, contributing significantly to the company's revenue [7][14]. - The semiconductor equipment segment, particularly ion implantation machines, is a key focus, with the company delivering eight 12-inch ion implantation machines in the first half of 2025 [6][13]. Market Trends - The demand for bismuth materials is increasing due to their applications in various industries, including electronics and semiconductors, driven by the growth of new energy and electronic sectors [9][10]. - The price of bismuth materials has surged significantly in the first half of 2025, influenced by geopolitical factors and export control policies [10][11]. - The real estate market in China is currently in a phase of adjustment, with a reported decline in investment and sales, prompting the government to implement measures to stabilize the market [12].

第一章 总则 第一条 为确立北京屹唐半导体科技股份有限公司（以下简称公司或本公司） 的法律地位，维护公司、股东、职工和债权人的合法权益，规范公司的组织和行 为，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》）等有关法律、行政法规、部门规章和规范性 文件的规定，制定本章程。 第二条 公司系依照《公司法》和其他有关法律、法规及规定成立的股份有限 公司。 第三条 公司系以发起设立的方式经北京屹唐半导体科技有限公司按原账 面净资产值折股整体变更的股份有限公司，承继原北京屹唐半导体科技有限公司 的全部资产、负债和业务，有限责任公司原有股东即为公司的发起人。公司在北 京经济技术开发区市场监督管理局注册登记，并依法取得营业执照，统一社会信 用代码为 91110302MA002X200A。 第四条 公司于【*】年【*】月【*】日经上海证券交易所同意并经中国证券 监督管理委员会（以下简称中国证监会）注册，首次向社会公众发行人民币普通 股【*】股，于【*】年【*】月【*】日在上海证券交易所科创板上市。 第五条 公司注册名称：北京屹唐半导体科技股份有限公司 英文名称：Beijin ...