Workflow
抛光垫
icon
Search documents
【国信电子胡剑团队】鼎龙股份:一季度利润同比高增,盈利能力显著改善
剑道电子· 2025-07-11 01:15
核心观点 1Q25营收同比增长16.37%,归母净利润同比增长72.84% 公司发布2025年第一季度报告,实现营收8.24亿元(YoY +16.37%),归母净利润1.41亿元(YoY +72.84%),扣除 非经常性损益后归母净利润1.35亿元(YoY +104.84%),综合毛利率达到48.82%。公司收入增长主要受益于CMP 抛光材料及显示材料业务持续放量,新业务如高端晶圆光刻胶、半导体先进封装材料虽取得一定收入但尚未盈 利。 2024年营收同比增长25.14%,归母净利润同比增长134.54% 2024全年实现营收33.38亿元(YoY +25.14%),归母净利润5.21亿元(YoY +134.54%)。分业务板块来看,公司半 导体业务(含半导体材料业务及集成电路芯片设计和应用)实现营收15.2亿元,同比增长77.40%,占公司总营 收比例约46%,已成为公司业绩增长的核心驱动力。打印复印通用耗材业务实现收入17.9亿元,与上年同期持 平。彩色碳粉打印粉年销量首次突破2000吨,硒鼓业务收入同比增长,墨盒业务收入、净利润均同比提升。 半导体材料增长强劲,新业务持续推进验证 点击 关注我们 报告发布 ...
申万宏源研究晨会报告-20250709
2025 年 07 月 09 日 从修复到繁荣——2025 年 7 月可转债市场展 望 | 指数 | 收盘 | | 涨跌(%) | | | --- | --- | --- | --- | --- | | 名称 | (点) | 1 日 | 5 日 | 1 月 | | 上证指数 | 3497 | 0.7 | 3.31 | 1.15 | | 深证综指 | 2102 | 1.34 | 4.72 | 1.13 | 今日重点推荐 (1)6 月权益市场涨势较好,转债整体表现强势。权益市场和转债市场情 绪整体较佳,转债等权和加权指数均创 2025 年以来新高,2025 年以来收 益率分别达 10%、7%;6 月上旬转债加权指数表现较强,下旬等权指数表 现较强,全月看两者大致持平。 ◼ (2)银行股估值重估叠加银行转债强势转股,银行转债稀缺性上升,后续 银行转债强势有望延续。 ◼ (3)产业趋势叠加流动性宽裕,小盘转债强势上涨。 ◼ (4)组合仓位方面,银行重估尚未完成,小盘成长有流动性和产业趋势支 撑下行情可以继续期待,采取类银行转债+小盘成长转债+低价低波转债的 哑铃策略依旧有效。 ◼ (5)结合策略判断与个券基本面,我们 ...
鼎龙股份,大涨54.06%
DT新材料· 2025-07-08 15:32
【DT新材料】 获悉,7月9日, 鼎龙股份 发布2025 年半年度业绩预告。 公告显示,公司预计上半年实现归属于上市公司股东的净利润为 2.9亿元至3.2亿元 ,同比增长 33.12%至46.9% ;扣除非经常 性损益后的净利润为 2.73亿元至3.03亿元 ,同比增长 38.81%至54.06% 。 鼎龙股份 是国内领先的关键大赛道领域中各类核心创新材料的平台型企业,目前重点聚焦半导体创新材料领域。 2025 年上半年度,公司实现营业收入约 17.27 亿元 ,同比增长约 14% 。公司经营业绩稳步增长,具体原因为: 说明: 本文部分素材来自 于鼎龙股份 及网络公 开信息,由作者重新编写,系作者个人观点,本平台发布仅为了传达一种不同观点,不代表对该观点赞同或支持。 如果有任何问题,请联系我们:15355132586(微信号:dtmaterial) 1 、 半导体材料业务及集成电路芯片设计和应用业务 实现营业收入约 9.45亿元 ,同比增长约 49% ;该板块的归母净利润规模同比大幅增长 104% 。 其中: ① CMP 抛光垫 销售收入同比增长 59% 。其中今年第二季度环比增长 16% , 同比增长 57 ...
半导体材料:CMP抛光材料中国突出重围,自主可控不断提升(附46页PPT)
材料汇· 2025-07-04 15:38
Core Viewpoint - CMP (Chemical Mechanical Polishing) technology is essential for the development of integrated circuits, playing a critical role in achieving surface flatness during chip manufacturing, which is increasingly important as technology nodes shrink and the number of layers in chips increases [6][38]. Group I: CMP Technology and Market Overview - CMP technology is a necessary process in wafer manufacturing, which includes multiple steps such as diffusion, lithography, etching, ion implantation, thin film growth, and CMP itself [9]. - The global CMP materials market is experiencing continuous growth, driven by advancements in semiconductor technology and increasing demand from various sectors, including 5G and AI [32][49]. - The CMP materials market is characterized by a high degree of technical, talent, and patent barriers, with significant market share held by leading companies from the US and Japan [54]. Group II: Market Size and Growth - The global CMP polishing pad market size increased from $650 million in 2016 to $1.13 billion in 2021, with a CAGR of 11.69% [49]. - The CMP polishing liquid market also saw growth, rising from $1.1 billion in 2016 to $1.43 billion in 2021, with a CAGR of 5.39% [50]. - China's CMP polishing liquid market grew significantly, from 1.23 billion yuan in 2016 to 2.2 billion yuan in 2021, achieving a CAGR of 12.28%, indicating a faster growth rate compared to the global market [50]. Group III: Domestic Industry Dynamics - Chinese companies are increasingly entering the CMP materials market, with government policies supporting the development of the semiconductor industry and promoting domestic alternatives to imported materials [39][41]. - The domestic semiconductor materials market is expected to continue growing at a rate higher than the global average, driven by technological advancements and increasing local demand [32][39]. - The shift towards domestic production of CMP materials is seen as a strategic move to reduce reliance on foreign suppliers, especially in light of export controls from the US and Japan [39][54]. Group IV: Product Segmentation and Applications - CMP materials are primarily categorized into polishing liquids, polishing pads, and cleaning agents, with polishing liquids accounting for 49% and polishing pads for 33% of the market share [18]. - Various types of polishing liquids are used for different applications, including copper CMP, tungsten CMP, and dielectric CMP, each tailored for specific manufacturing processes [19][21]. - Polishing pads are typically made from polyurethane and are designed to maintain a stable polishing environment while effectively distributing polishing liquids [20][22].
突发!日本抛光液断供,200亿市场急需国产替代
是说芯语· 2025-07-03 07:14
Core Viewpoint - The recent supply disruption of CMP slurry, specifically DST slurry produced by AGC in Taiwan, has accelerated the pace of domestic alternatives in the semiconductor industry, highlighting the urgency for local manufacturers to innovate and adapt [1][2]. Group 1: Importance of CMP Slurry - CMP slurry is essential for the chemical mechanical polishing process in semiconductor manufacturing, akin to smoothing and leveling surfaces in construction [2]. - The slurry consists of ultra-fine abrasives, chemical agents, and water, and is crucial for achieving the required surface smoothness in logic and memory chip production [2]. Group 2: Market Dynamics - The CMP slurry market is predominantly controlled by American and Japanese companies, with Cabot Microelectronics holding 33% of the global market share, while Japanese firms account for an additional 23% [3]. - Domestic manufacturers currently hold a market share of 25-30%, which is even lower in high-end processes (e.g., below 28nm) [3]. - The global CMP slurry market was valued at $1.89 billion in 2021 and is projected to exceed $2.6 billion by 2026, with a compound annual growth rate (CAGR) of approximately 6% [3]. - In China, the CMP slurry market is expected to grow from approximately 2.3 billion yuan in 2023 to 4.6 billion yuan by 2028, reflecting a CAGR of 15% [3]. Group 3: Demand Surge Factors - The demand for CMP slurry is increasing due to the growing complexity of high-end processes, with the number of CMP steps for 14nm logic chips doubling, requiring more types of slurry [3]. - The rise of 3D NAND memory chips, with increasing stacking layers, necessitates more intricate polishing processes, leading to a significant increase in CMP slurry usage [3]. Group 4: Domestic Players - Anji Technology has been a leader in CMP slurry since 2006, achieving a market share of over 5% globally and increasing its share in China from 20.9% in 2020 to 30.8% in 2021 [4]. - Sanhe New Materials focuses on diamond polishing liquids for hard materials and is gradually increasing its market share by supplying to companies like SMIC [4]. - Dinglong Co. is a key player in the domestic polishing pad market, offering a comprehensive solution that includes polishing liquids, cleaning liquids, and polishing pads, enhancing its competitive edge [5].
全球CMP抛光液大厂突发断供?附CMP抛光材料企业盘点与投资逻辑(21361字)
材料汇· 2025-07-01 15:39
Core Viewpoint - The article discusses the supply chain issues and investment opportunities in the semiconductor chemical mechanical polishing (CMP) materials market, particularly focusing on the impact of Taiwan's export controls on the supply of DSTl slurry and the growth potential of CMP materials in the semiconductor industry. Group 1: CMP Slurry Supply Issues - DSTl slurry supply has been suspended due to Taiwan's export control restrictions, with only five months of inventory remaining (267 barrels) [2] - DSTl slurry is critical for the CMP process in semiconductor manufacturing, enhancing wafer flatness and surface quality [2] Group 2: Investment Logic in CMP Materials - The demand for CMP materials is expected to grow rapidly due to advancements in process nodes, increased wiring density, and the transition from 2D NAND to 3D NAND technology [4] - CMP materials account for 7% of the semiconductor manufacturing material costs, with CMP slurry and pads making up 49% and 33% of CMP material costs, respectively [4] - The global CMP materials market is projected to grow from $3.3 billion in 2023 to over $4.2 billion by 2027 [4] Group 3: CMP Pad Market Overview - The global CMP pad market grew from $650 million in 2016 to $1.13 billion in 2021, with a CAGR of 11.69% [5] - In China, the CMP pad market increased from 810 million yuan in 2016 to 1.31 billion yuan in 2021, with a CAGR of 10.09% [5] - Dow DuPont dominates the global CMP pad market with a 79% share, while domestic company Dinglong has become a key player in China [6] Group 4: CMP Slurry Market Overview - The global CMP slurry market expanded from $1.1 billion in 2016 to $1.43 billion in 2021, with a CAGR of 5.39% [7] - The Chinese CMP slurry market grew significantly, from 1.23 billion yuan in 2016 to 2.2 billion yuan in 2021, with a CAGR of 12.28% [7] - Major global players in the CMP slurry market include Cabot, Versum Materials, and Dow, with China being the largest demand region [7] Group 5: Domestic Companies in CMP Materials - Dinglong has established itself as the only domestic supplier mastering the entire CMP pad production process, achieving significant breakthroughs in the field [6][12] - Anji Technology, a leading domestic CMP slurry company, reported revenues of 1.075 billion yuan in 2023, capturing a significant market share [22][23] - Shanghai Xinyang and Jiangfeng Electronics are also notable players in the CMP materials sector, focusing on various CMP products [36][37] Group 6: Future Trends and Opportunities - The future of CMP materials is expected to trend towards specialization and customization, providing opportunities for new entrants in the market [8] - Companies focusing on new technologies for polishing liquids, such as those related to SiC, and those mastering upstream particle development are recommended for investment [8]
鼎龙股份:铜制程抛光硬垫产品已在某主流外资逻辑厂商测试通过并取得小批量订单
news flash· 2025-06-18 14:47
Core Viewpoint - Dinglong Co., Ltd. has successfully penetrated the domestic mainstream wafer factory market with its CMP polishing pad products and has received small batch orders from a major foreign logic manufacturer after passing testing [1] Group 1: Product Development and Market Penetration - The company has developed over 20 high-end wafer photoresists, with 12 samples sent for client validation, and 7 of these have entered the gallon sample stage, indicating smooth overall testing progress [1] - For the year 2024, the company has already received orders for two photoresist products from two domestic mainstream wafer factory clients [1]
鼎龙股份(300054) - 300054鼎龙股份投资者关系管理信息20250618
2025-06-18 14:05
证券代码:300054 证券简称:鼎龙股份 湖北鼎龙控股股份有限公司投资者关系活动记录表 编号:20250618 答:生产布局方面,公司会前瞻性进行产能储备:YPI 产品在仙桃实施 年产 800 吨 YPI 二期项目建设,计划近期即将完工试运行,以缓解武汉本部 YPI 一期产能压力,满足未来持续增长的产品订单供应;PSPI 产品在仙桃产 业园年产 1,000 吨的产线于 2024 年上半年正式投入使用并开始批量供货, 生产体系能力提升。 | 附件清单 | 无 | | | | | --- | --- | --- | --- | --- | | 日期 | 2025 | 年 6 | 月 | 日 18 | 问 5:公司光刻胶新品的业务情况怎么样? 答:公司已布局 20 余款高端晶圆光刻胶,已有 12 款送样客户端验证, 其中 7 款进入加仑样阶段,整体测试进展顺利。2024 年度,公司已有两款 光刻胶产品分别收到共两家国内主流晶圆厂客户的订单。光刻胶的后续订单 情况,请您持续关注公司后续公告。 问 6:公司自主布局上游核心原材料,有哪些优势? 答:公司坚持材料技术创新与上游原材料自主化培养同步,持续提升公 司产品上游 ...
武汉更“重”了
华工科技硅光实验室 船舶行驶在长江武汉江段水域。 新华社记者 肖艺九 摄 从汉口开埠后的"东方芝加哥",到洋务运动中的"汉阳造";从新中国成立后的一众"武字头",到改革开 放初期开风气之先的汉正街;从中部崛起的战略支点,到建设中的长江经济带核心城市……地处华夏 之"中",坐拥"天元"之位,武汉历来是"国之重镇"。 近年来,武汉市明确提出,推动全部工作向支点建设聚焦聚力,加快把科教人才优势转化为创新发展优 势、把交通区位优势转化为国内国际双循环枢纽链接优势、把生态资源优势转化为绿色发展优势,着力 打造全国发展新质生产力的重要阵地、支撑中部地区崛起的重要增长极、国内国际双循环的重要枢纽、 人与自然和谐共生的重要典范、超大城市农业农村现代化的重要样板、保障国家发展安全的重要支撑, 重塑新时代武汉之"重"。 光电子产业"独树一帜",人工智能产业连续三年增速超40%,高新技术企业总量突破1.6万家、实现三年 翻一番,高端芯片、心肌旋切、北斗通导遥一体化等技术与产品跻身世界领先行列……武汉,这座敢为 人先的英雄城市,正以科技创新的磅礴力量、枢纽通衢的关键支撑、国家战略的核心承载,在湖北加快 建成中部地区崛起的重要战略支点 ...
曝华为扶植中国本土半导体化学供应商!
国芯网· 2025-05-29 13:49
国芯网[原:中国半导体论坛] 振兴国产半导体产业! 不拘中国、 放眼世界 ! 关注 世界半导体论坛 ↓ ↓ ↓ 5月29日消息,据《日经亚洲》报道,华为正在扶植一家本土半导体化学公司,以求和全球领先的半导 体化学公司竞争,打造自给自足的本土半导体供应链。 消息人士表示,其目标是将2022年成立的珠海基石科技公司打造为"端到端"化学材料供应商,和信越化 学(Shin-Etsu Chemical)、JSR、默克(Merck)、杜邦(Dupont)及陶氏(Dow)等国际大厂竞争。 据悉,该公司的目标不是只研发一、两种化学材料,而是打造一整套几乎涵盖所有制造芯片所需关键材 料的"统包解决方案"(turnkey solutions)。 ***************END*************** 半导体公众号推荐 半导体论坛百万微信群 加群步骤: 第一步:扫描下方二维码,关注国芯网微信公众号。 第二步:在公众号里面回复"加群",按照提示操作即可。 过去2至3年来,珠海基石科技已在中国台湾、日本和韩国等地招募人才,打造本身的生产线和研发本身 的配方,以协助中国芯片制造商降低对外国供应商的依赖。 目前,正在开发光阻剂 ...