厦门东亚机械工业股份有限公司 投资者关系活动记录表 证券代码：301028 证券简称：东亚机械 编号：2025-08-001 | | 国等国外的机械展会，2024 年度境外收入同比增长 18.22%，海外业务 | | | --- | --- | --- | | | 呈现稳健有升的态势。2025 年上半年公司依旧积极拓展海外市场，主要 | | | | 还是以东南亚等国家建立更多外贸销售通道，借助"一带一路"更好地 | | | | 布局境外销售网点，扩大公司出口销售。 | | | | 四、公司对 2025 年及未来经营情况的展望？ | | | | 年上半年公司经营情况依旧维持稳步向上的态势。公司管理层 2025 | | | | 依旧对 年充满信心，公司将继续推进高端机型的研发创新、拓宽产 2025 | | | | 品线，继续优化销售渠道、搭建更完善的大客户及高端产品用户的销售 | | | | 团队，建立更完善的外贸通道，不断提升产品竞争力和市场占有率，让 | | | | 年经营情况依旧维持稳步向上的态势。 2025 | | | | 今年公司的新厂区将完成建设，预计 2026 年将投入使用，公司未来 | | | | ...

Core Viewpoint - The company, Shengjian Technology, has shown a positive stock performance with a recent price of 27.59 yuan, reflecting a 1.51% increase from the previous trading day, indicating investor confidence in its growth potential [1] Group 1: Business Overview - The company focuses on the semiconductor auxiliary equipment and core components sector, with product lines that include vacuum equipment, process waste gas treatment equipment, and temperature control devices [1] - In the electronic chemical materials segment, the company has developed etching solutions and stripping solutions, establishing a business loop from new liquid manufacturing to waste liquid regeneration [1] Group 2: Recent Achievements - The company recently received three honors at the 2025 International Display Technology Innovation Awards, including a gold award for dry vacuum pumps in the display equipment innovation category, a silver award for semiconductor-specific temperature control equipment, and a silver award for new display copper film and barrier layer etching solutions in the display materials innovation category [1] - The company's ESG rating has been upgraded to AA level by two authoritative institutions, marking a significant breakthrough in sustainable development [1]

Core Viewpoint - The IPO market has seen a resurgence this year, with over 40 companies reapplying for A-share listings after previously withdrawing their applications, indicating a strategic shift in their approach to capital markets [1][2]. Group 1: Companies' Strategic Shifts - Many companies that previously aimed for the Shanghai and Shenzhen boards are now targeting the Beijing Stock Exchange (北交所) for their IPOs, reflecting a change in strategy [2][3]. - For instance, 中科仪, which withdrew its application for the Sci-Tech Innovation Board (科创板) in May 2021, has now reappeared at the 北交所 after a four-year hiatus [2]. - 百英生物 shifted from the创业板 to the 北交所, adjusting its fundraising target from 10.5 billion yuan to 4.91 billion yuan [3]. Group 2: Adjustments in Fundraising - Companies are generally lowering their fundraising targets and adjusting their project allocations in response to previous scrutiny and market conditions [4][5]. - 尚水智能 reduced its fundraising target from 10.02 billion yuan to 5.87 billion yuan when shifting from the Sci-Tech Innovation Board to the创业板 [5]. - 惠科股份 also decreased its fundraising amount from 95 billion yuan to 85 billion yuan while improving its operational performance, with revenues projected to grow from 271.34 billion yuan in 2022 to 403.10 billion yuan in 2024 [6]. Group 3: Market Environment and Company Performance - The current market environment has prompted companies to reassess their positions and align their offerings with the characteristics of different boards, with the 北交所 being more accommodating to growth-oriented small and medium enterprises [3][4]. - Companies like 惠科股份 have shown significant recovery in their financial performance, with net profits expected to rise from -20.97 billion yuan in 2022 to 36.73 billion yuan in 2024, driven by improved market conditions and strategic adjustments [6].

Core Viewpoint - The IPO market has seen a resurgence this year, with over 40 companies reapplying for A-share listings after previously withdrawing their applications, primarily shifting their focus to the Beijing Stock Exchange (BSE) after initial failures in other markets [1][2]. Group 1: Company Strategies - Many companies that previously withdrew their IPO applications are now targeting the BSE, indicating a strategic shift in their listing approach [2]. - Companies like Zhongke Instrument and Baiying Bio have adjusted their fundraising goals significantly, with Baiying Bio reducing its target from 10.5 billion yuan to 4.91 billion yuan [3][4]. - Companies are reassessing their business performance and market conditions before reapplying, often optimizing their operational status based on previous feedback from regulatory inquiries [1][4]. Group 2: Financial Adjustments - A trend of lowering fundraising amounts has been observed among companies reapplying for IPOs, with many adjusting their project funding allocations accordingly [4][5]. - For instance, HuiKe Co. reduced its fundraising target from 95 billion yuan to 85 billion yuan, reflecting improvements in its financial performance [5][6]. - The financial performance of companies like HuiKe Co. has shown significant recovery, with revenues projected to grow from 271.34 billion yuan in 2022 to 403.10 billion yuan in 2024 [6]. Group 3: Market Dynamics - The BSE is becoming increasingly attractive for companies that may not meet the criteria of other exchanges, as it is more accommodating to growth-oriented small and medium-sized enterprises [3][4]. - The characteristics of different market segments are highlighted, with the Sci-Tech Innovation Board focusing on technology rather than financial metrics, while the BSE is more inclusive for companies with solid profitability [3].

Core Viewpoint - The article discusses the IPO application of China Science Instrument Co., Ltd. (CSI), a leading domestic semiconductor manufacturing equipment supplier, highlighting its market position, financial performance, and growth prospects in the semiconductor industry [3][4][5]. Company Overview - CSI was established in April 2001 and has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise by the state [4]. - The company is a key player in vacuum technology and is the largest domestic manufacturer of dry vacuum pumps for the integrated circuit sector, ensuring supply chain security for critical components [5][6]. Market Position - As of 2024, CSI's dry vacuum pumps are expected to capture approximately 12.72% of the domestic market share in the integrated circuit field, breaking the long-standing monopoly of foreign companies [6]. - The company has supplied over 40,000 dry vacuum pumps, with more than 25,000 units delivered to the integrated circuit sector [6][21]. Financial Performance - CSI's revenue for 2022, 2023, and 2024 was reported at 698 million, 852 million, and 1.082 billion respectively, with net profits of 498 million, 600 million, and 193 million [12][16]. - The company plans to raise 825 million through its IPO to fund the industrialization of dry vacuum pumps, expansion of high-end semiconductor equipment, and R&D projects [8][12]. Product and Revenue Breakdown - The dry vacuum pump segment is the largest revenue contributor, accounting for over 84% of total revenue in 2024 [19][20]. - CSI's products are primarily used in the integrated circuit and photovoltaic sectors, with significant sales to major clients such as SMIC and Yangtze Memory Technologies [24][25]. R&D and Innovation - CSI has developed eight core technologies and holds 99 invention patents, with a dedicated R&D team comprising 158 personnel [20][21]. - The company has successfully transitioned research outcomes into industrial applications, enhancing the domestic production capacity of dry vacuum pumps [10][21]. Competitive Landscape - Despite being a leader among domestic manufacturers, CSI faces competition from established international firms like Edwards and Ebara, which have extensive experience and product offerings [35]. - The company must continue to expand its product applications and market reach to mitigate competitive risks [35].

Core Viewpoint - Zhongke Instrument's IPO application on the Beijing Stock Exchange has been accepted, aiming to raise 825 million yuan for the industrialization of dry vacuum pumps, expansion of semiconductor equipment, and the construction of a research and development center, with the goal of breaking foreign monopolies and enhancing the self-controllable capabilities of domestic integrated circuit equipment [1][3]. Company Overview - Zhongke Instrument specializes in the research, production, and sales of dry vacuum pumps and vacuum scientific instruments, along with related technical services [4]. - The company is the largest domestic manufacturer of dry vacuum pumps in the integrated circuit sector, being the only domestic enterprise to achieve mass application in advanced processes of integrated circuits [5]. Market Position - As of now, the company has shipped over 40,000 units of various dry vacuum pumps, with more than 25,000 units in the integrated circuit field. The projected market share for 2024 in this sector is approximately 12.72%, breaking the long-standing monopoly of European, American, and Japanese companies in the domestic market [5]. - The company's dry vacuum pumps meet the production needs for advanced logic chips at 14nm and 3D NAND storage processes with 128 layers or more, and have been widely applied in leading domestic wafer manufacturing enterprises [5]. Financial Data - The projected operating revenues for Zhongke Instrument from 2022 to 2024 are 698 million yuan, 852 million yuan, and 1.082 billion yuan, respectively, with corresponding net profits of 498 million yuan, 600 million yuan, and 193 million yuan [9]. - The total investment for the dry vacuum pump industrialization project is 700 million yuan, with 231 million yuan planned to be funded from the IPO proceeds, aiming to enhance production capacity to 20,040 units per year [9][11]. Investment Projects - The project for dry vacuum pump industrialization will take four years and is crucial for expanding the company's business scale and maintaining competitive advantages [11]. - Another project involves the construction of a high-end semiconductor equipment expansion and R&D center, with 474 million yuan of the raised funds allocated for it, aimed at improving technology levels and production capabilities in the high-end semiconductor equipment sector [11]. - The new generation of dry vacuum pumps and high-speed energy-saving pumps will be developed with 121 million yuan of the raised funds, targeting various markets including semiconductor, industrial vacuum, and scientific research [11].

Company Overview - China Academy of Sciences Shenyang Instrument Co., Ltd. (referred to as "CAS Shenyang") has received approval for its IPO on the Beijing Stock Exchange, with sponsorship from China Merchants Securities [1] - Established in 2001, CAS Shenyang is a leading provider of core components for semiconductor manufacturing equipment and vacuum scientific instruments, focusing on the R&D, production, and sales of dry vacuum pumps and related technical services [1] Industry Analysis - The global integrated circuit (IC) industry is experiencing steady growth, with China emerging as a crucial market. The IC industry is foundational to modern information technology and plays a significant role in national security and economic development [2] - According to WSTS, the global IC market size is projected to grow from $276.7 billion in 2016 to $539.5 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.70%. The market is expected to reach $611.6 billion by 2025, marking a substantial increase of 13.36% from 2024 [2] Domestic Market Growth - China's integrated circuit industry has rapidly developed in recent years, supported by various government policies and investment funds. The industry has grown from a weak position to a significant player globally, with improvements in innovation capabilities [4] - In 2023, the sales revenue of China's integrated circuit industry reached 1,227.7 billion yuan, with a CAGR of 16.03% from 2016 to 2023 [4][5]

Core Viewpoint - The Beijing Stock Exchange has officially accepted the IPO application of China Academy of Sciences Shenyang Instrument Co., Ltd. (referred to as "the company"), a leading provider of semiconductor manufacturing equipment core components and vacuum scientific instruments in China [1] Group 1: Company Overview - The company specializes in the research, production, and sales of dry vacuum pumps and vacuum scientific instruments, along with related technical services [1] - The company's products are primarily used in the manufacturing of integrated circuit wafers and photovoltaic cells, as well as in major national scientific research infrastructures [1][2] Group 2: Market Position - The company is the largest domestic manufacturer of dry vacuum pumps in the integrated circuit sector and the only domestic enterprise to achieve mass application in advanced integrated circuit processes [2] - The company has successfully broken the long-standing monopoly of European, American, and Japanese companies in the dry vacuum pump field, meeting the production needs for advanced logic chips and high-density storage processes [1][2] Group 3: Financial Performance - The company achieved revenues of 698 million yuan, 852 million yuan, and 1.082 billion yuan for the years 2022, 2023, and 2024, respectively, with corresponding net profits of 498 million yuan, 600 million yuan, and 193 million yuan [2] Group 4: IPO Fund Utilization - The company plans to raise 852 million yuan through the IPO to invest in projects including the industrialization of dry vacuum pumps, expansion of high-end semiconductor equipment, and the development of next-generation dry vacuum pumps [2][3] Group 5: Project Details - The industrialization project aims to enhance production capacity to 20,040 dry vacuum pumps annually, with significant automation in logistics and processing lines [3] - The expansion project for high-end semiconductor equipment will produce H-series dry vacuum pumps, essential for various integrated circuit manufacturing processes and applicable in the photovoltaic sector [3][4] - The R&D project for next-generation dry vacuum pumps will focus on developing high-speed energy-saving pumps and high-temperature pumps, expanding the product range and market applications [4]

Core Viewpoint - China Academy of Sciences Shenyang Instrument Co., Ltd. (CAS Shenyang) has received approval for its IPO on the Beijing Stock Exchange, positioning itself as a leading provider of semiconductor manufacturing equipment core components and vacuum scientific instruments in China [1] Financial Performance - The company reported projected revenues of 698 million yuan, 852 million yuan, and 1.082 billion yuan for the years 2022, 2023, and 2024 respectively, indicating a growth trajectory [1] - Net profits for the same years are expected to be 498 million yuan, 600 million yuan, and 193 million yuan, showing a significant increase in 2023 followed by a decline in 2024 [1] - Key financial metrics for 2024 include: - Revenue: 1.082 billion yuan - Net profit attributable to shareholders: 192.76 million yuan - Basic earnings per share: 1.12 yuan - Weighted average return on equity: 12.10% [1] Business Overview - The company's main business includes the R&D, production, and sales of dry vacuum pumps and vacuum scientific instruments, catering to semiconductor manufacturing and major national scientific infrastructure [1] - Products are primarily used in integrated circuit wafer manufacturing and photovoltaic cell production, highlighting the company's role in the semiconductor industry [1]

Group 1: Product Development and Market Performance - In 2024, the company increased R&D investment, upgrading oil-free screw compressors and screw vacuum pumps, leading to a steady sales growth in these products, particularly in the semiconductor and new energy sectors [2] - The centrifugal compressor models completed phase application tests in 2024, with new models introduced in early 2025 and existing orders expected to generate shipments this year [2][3] - The company has successfully launched its first dry vacuum pump products for high-end industries, expanding its product line [2] Group 2: Domestic Replacement Progress - The company has achieved significant progress in domestic substitution, with products in the medical, electronics, and semiconductor sectors gaining recognition from major companies [2] - Key clients include Dabo Medical, Farah Electronics, Beileisheng Electronics, and Jiangfeng Electronics, indicating a solid foothold in the domestic market [2] Group 3: International Expansion - The company currently exports to Southeast Asian countries such as Indonesia, Vietnam, Malaysia, and Thailand, with overseas revenue growing by 18.22% year-on-year in 2024 [2] - Future plans include expanding overseas markets, particularly in Southeast Asia, leveraging the "Belt and Road" initiative to enhance export sales channels [2] Group 4: Profitability and Cost Management - The company maintains a stable gross margin due to a strong R&D team, enhanced competitiveness of high-end products, and an increasing number of major clients [3] - Effective cost control measures include improved internal management, strategic partnerships with suppliers, and lean production practices [3] Group 5: Future Outlook - The company anticipates steady growth in 2025, with ongoing confidence in maintaining a positive business outlook [3] - Plans for 2026 include adjusting business strategies based on market conditions and expanding into emerging industries to enhance operational quality and shareholder value [3]