8月26日，胜科纳米跌1.60%，成交额8902.30万元。两融数据显示，当日胜科纳米获融资买入额1669.40 万元，融资偿还1193.24万元，融资净买入476.15万元。截至8月26日，胜科纳米融资融券余额合计1.51 亿元。 责任编辑：小浪快报 资料显示，胜科纳米(苏州)股份有限公司位于江苏省苏州工业园区朝前路9号，成立日期2012年8月17 日，上市日期2025年3月25日，公司主营业务涉及公司主营业务为半导体第三方检测分析,可以为半导体 产业链客户提供失效分析、材料分析、可靠性分析等检测分析服务。主营业务收入构成为：失效分析 (FA)67.43%，材料分析(MA)29.79%，可靠性分析(RA)2.74%，其他(补充)0.04%。 截至3月31日，胜科纳米股东户数1.59万，较上期减少34.76%；人均流通股2044股，较上期增加 53.29%。2025年1月-3月，胜科纳米实现营业收入1.09亿元，同比增长25.11%；归母净利润1151.90万 元，同比增长34.14%。 分红方面，胜科纳米A股上市后累计派现6009.34万元。 融资方面，胜科纳米当日融资买入1669.40万元。当前融资余额1 ...

Core Viewpoint - The company, Shengke Nano (688757.SH), operates as a third-party testing and analysis laboratory for the semiconductor industry, providing critical analysis services to clients across the entire semiconductor supply chain, including chip design, wafer manufacturing, and PCB manufacturing [1] Group 1: Company Overview - Shengke Nano specializes in failure analysis, material analysis, and reliability analysis for semiconductor clients [1] - The company has a unique advantage in the analysis and testing of HDI (High-Density Interconnect) boards used in AI computing chips [1] Group 2: Industry Trends - The rapid development of AI technology has led to increased demands for high-frequency signal transmission, high integration of chips, complex interconnection structures, and efficient heat dissipation in AI servers [1] - This trend has resulted in significant upgrades in PCB specifications and a marked increase in the usage of high-end HDI boards [1] Group 3: Service Capabilities - The company possesses a professional technical team and advanced testing equipment, enabling comprehensive and high-precision analysis of HDI boards throughout various stages, from raw materials to production processes and final product performance [1] - Shengke Nano aims to identify potential defects and risks in HDI boards, providing clients with high-quality testing reports and optimization recommendations to enhance product quality and production efficiency [1] Group 4: Future Opportunities - The PCB analysis and testing business of the company is expected to encounter more opportunities in the future due to the growing demands in the semiconductor industry [1]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company is recognized as a leading third-party testing and analysis laboratory in the semiconductor industry, providing failure analysis, material analysis, and reliability analysis services, which are crucial for clients' R&D processes [4]. - In 2024, the company is projected to achieve revenue of 415 million yuan, with a compound annual growth rate (CAGR) of approximately 36% from 2020 to 2024 [4]. - The company has a strong focus on advanced process nodes, with revenue from advanced processes (28nm and below) increasing significantly over the years, indicating a growing market share [5]. - The semiconductor third-party testing and analysis market in China is expected to exceed 100 billion yuan by 2024, with a projected CAGR of over 10% until 2027 [6]. - The company is expanding its laboratory capabilities across multiple locations in China and has established a presence in Singapore to enhance its service offerings and collaboration with global semiconductor giants [6]. Financial Projections - The company is expected to generate revenues of 543 million yuan, 706 million yuan, and 919 million yuan in 2025, 2026, and 2027, respectively, with corresponding net profits of 110 million yuan, 161 million yuan, and 235 million yuan [8][10]. - The projected price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are 105, 72, and 49, respectively, indicating a favorable valuation trend as the company grows [8][10].

Core Points - The establishment of the Suzhou Su Test Group's Central China headquarters in Wuhan is aimed at accelerating the construction of a national high-tech inspection and testing industry cluster [1] - The project will enhance the company's capabilities in serving the growing demand for testing services in the Central China region, particularly in sectors such as shipbuilding, aerospace, new energy vehicles, and semiconductors [1][2] Group 1 - The project is located in the Wuhan Economic Development Zone and will include the construction of a research and development building and testing facilities, expected to be completed by December 2026 [1] - The headquarters will feature five major testing centers focusing on new energy vehicles, shipbuilding, aerospace, electromagnetic compatibility, and integrated circuits [1] - The company has been recognized as a national-level "specialized and innovative" small giant enterprise and has consistently ranked first in the sales and market share of vibration testing equipment in China [1] Group 2 - The chairman of Su Test Group emphasized that the headquarters is a strategic move to integrate testing services, equipment research and development, and regional operations to support high-end manufacturing clusters in Central China and nationwide [2] - The Wuhan Economic Development Zone is a national pilot area for the integration of production and service industries, focusing on developing inspection and testing services [2] - The project is expected to enhance the region's testing service capabilities in new energy vehicles and semiconductors, with government support aimed at optimizing services and expediting project implementation [2]