本报讯 2026年1月27日，有研半导体硅材料股份公司（以下简称"有研硅"）发布公告宣布已完成对日本 株式会社RS Technologies持有的株式会社DG Technologies（以下简称"DGT"）70%股权的收购。 根据此前披露，DGT主营业务为刻蚀设备用部件（包括硅部件和石英部件）的研发、生产和销售。 DGT专有技术为刻蚀材料用高品质石英与硅部件精密加工技术，该技术通过先进的机械加工设备与工 艺，对石英和硅材料进行高精度的切割、研磨、MC加工、腐蚀、抛光、清洗、封装等操作，确保石英 与硅部件的尺寸精度和表面质量。 而有研硅则主要从事半导体硅材料的研发、生产和销售，其主要产品包括半导体硅抛光片、刻蚀设备用 硅材料、半导体区熔硅单晶、半导体洁净管阀门等。 当前有研硅正积极深化市场布局，并采取"国内深耕+海外拓展"的双轮驱动战略，进一步提升市场份 额。尽管目前有研硅刻蚀设备用硅材料成品部件的业务占比相对较低，但公司预计未来该业务将逐步提 升。 据悉，有研硅刻蚀设备用硅材料目前仍以海外市场为主，海外销售额约占70%，且主要出口市场主要为 日本、韩国。此次有研硅完成对DGT的收购，未来有望进一步提升公司该业 ...

Core Viewpoint - The report highlights the financial performance and operational strategies of GRINM Semiconductor Materials Co., Ltd. for the first half of 2025, indicating a decline in revenue and net profit while emphasizing ongoing innovation and market expansion efforts [1][3]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately 490.91 million yuan, a decrease of 3.20% compared to the same period last year [3]. - The total profit for the period was about 150.27 million yuan, down 10.70% year-on-year [3]. - The net profit attributable to shareholders was approximately 106.03 million yuan, reflecting an 18.74% decline compared to the previous year [3]. - The net cash flow from operating activities increased by 97.11%, primarily due to the maturity of bank acceptance bills [3]. Business Overview - The company specializes in the research, production, and sales of semiconductor silicon materials, including silicon polishing wafers, etching equipment silicon materials, and semiconductor single crystals [4]. - The semiconductor silicon materials industry is classified under the "computer, communication, and other electronic equipment manufacturing" sector, which is a key strategic emerging industry supported by the state [4]. Market and Industry Conditions - The demand for core components such as storage and logic chips continues to rise, while the power semiconductor industry faces challenges due to declining automotive electronics demand and high inventory levels [4]. - The company is focusing on core semiconductor silicon materials and is implementing measures to enhance product competitiveness through technological innovation and supply chain optimization [4]. Research and Development - The company invested 9.01% of its operating revenue in R&D, an increase of 0.52 percentage points from the previous year [3][9]. - The company has established a robust R&D system and holds numerous patents, including 114 invention patents, which contribute to its competitive edge in the market [7][9]. Strategic Initiatives - The company is actively promoting the localization of key raw materials and equipment, which has improved supply chain security and reduced production costs [7]. - A dual strategy of deepening domestic market engagement while expanding overseas is being pursued to enhance market share [4][7]. Future Outlook - The company plans to continue optimizing its product structure and enhancing market competitiveness by focusing on customer needs and accelerating new product development [4]. - Significant investments are being made in expanding production capacity for integrated circuit silicon wafers and etching equipment silicon materials [4].