Company Overview - Jin Haitong Semiconductor Equipment Co., Ltd. is located in Qingpu District, Shanghai, established on December 24, 2012, and listed on March 3, 2023. The company specializes in the research, production, and sales of semiconductor chip testing equipment [1][2]. Financial Performance - For the period from January to September 2025, Jin Haitong achieved operating revenue of 482 million yuan, representing a year-on-year growth of 87.88%. The net profit attributable to shareholders was 125 million yuan, showing a year-on-year increase of 178.18% [2]. - Since its A-share listing, Jin Haitong has distributed a total of 35.6963 million yuan in dividends [3]. Stock Performance - As of November 21, Jin Haitong's stock price decreased by 2.10%, trading at 121.45 yuan per share, with a total market capitalization of 7.287 billion yuan. The stock has increased by 68.89% year-to-date, but has seen a decline of 2.85% over the last five trading days and 9.64% over the last twenty days [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on October 14, where it recorded a net purchase of 6.0002 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of Jin Haitong's shareholders was 10,600, an increase of 10.28% from the previous period. The average number of circulating shares per shareholder was 3,927, a decrease of 9.32% [2]. - Among the top ten circulating shareholders, Guoshou Anbao Smart Life Stock A (001672) is the ninth largest shareholder, holding 632,800 shares as a new investor [3]. Market Position - Jin Haitong operates within the electronic semiconductor equipment industry, with its business segments including testing sorting machines (86.69% of revenue), spare parts (12.43%), and other supplementary services (0.88%) [1][2].

Group 1 - The core point of the news is that Jinhaitong Semiconductor Equipment Co., Ltd. experienced a stock decline of 5.01%, with a current share price of 130.08 yuan and a total market capitalization of 7.805 billion yuan [1] - Jinhaitong, established on December 24, 2012, specializes in the research, production, and sales of semiconductor chip testing equipment, with its main revenue sources being testing sorting machines (86.69%), spare parts (12.43%), and others (0.88%) [1] Group 2 - From the perspective of fund holdings, Beixin Ruifeng Fund has a significant position in Jinhaitong, with its quantitative flexible allocation fund holding 2,000 shares, representing 1.51% of the fund's net value, ranking as the eighth largest holding [2] - The Beixin Ruifeng quantitative flexible allocation fund, established on September 18, 2019, has a current scale of 16.5367 million yuan and has achieved a year-to-date return of 56.19%, ranking 691 out of 8,219 in its category [2] - The fund manager, Cheng Min, has been in position for 7 years and 232 days, with the best fund return during this period being 109.28% [2]

Group 1 - The core point of the news is the performance and financial metrics of Tianjin Jinhaitong Semiconductor Equipment Co., Ltd., which saw its stock price increase by 5.01% to 128.85 CNY per share, with a total market capitalization of 7.731 billion CNY [1] - The company specializes in the research, development, production, and sales of semiconductor chip testing equipment, with its main revenue sources being testing sorting machines (86.69%), spare parts (12.43%), and others (0.88%) [1] - As of the latest report, the trading volume for Jinhaitong was 1.26 million CNY, with a turnover rate of 2.39% [1] Group 2 - From the perspective of fund holdings, one fund under Baoying Fund has a significant position in Jinhaitong, specifically the Baoying New Rising Mixed A fund, which held 13,200 shares, accounting for 1.07% of the fund's net value [2] - The Baoying New Rising Mixed A fund has achieved a year-to-date return of 36.74% and a one-year return of 41.27%, ranking 2023/8149 and 1096/8053 respectively among its peers [2] - The fund manager, Cai Dan, has been in charge for 8 years and 96 days, with the fund's total asset size currently at 2.35 billion CNY, achieving a best return of 99.22% during the tenure [2]

Group 1 - The core point of the news is the performance and market position of Tianjin Jinhaitong Semiconductor Equipment Co., Ltd., which saw a stock price increase of 5.01% to 128.85 CNY per share, with a total market capitalization of 7.731 billion CNY [1] - The company specializes in the research, production, and sales of semiconductor chip testing equipment, with its main revenue sources being testing sorting machines (86.69%), spare parts (12.43%), and other (0.88%) [1] - The trading volume for the stock was 1.26 billion CNY, with a turnover rate of 2.39% [1] Group 2 - According to data, one fund under China Europe Fund holds Jinhaitong as a significant investment, specifically the China Europe Jinxing Flexible Allocation Mixed A Fund (004734), which held 1,100 shares, accounting for 0.14% of the fund's net value [2] - The fund has a total scale of 40.68 million CNY and has achieved a year-to-date return of 1.66%, ranking 7,664 out of 8,149 in its category [2] - The fund manager, Deng Xinyu, has a tenure of 12 years and 46 days, with the best fund return during this period being 39.22% [3]

Core Viewpoint - Jin Haitong's stock price has experienced significant fluctuations, with a year-to-date increase of 73.36% but a recent decline of 14.70% over the past five trading days [2]. Group 1: Stock Performance - As of November 4, Jin Haitong's stock price was 124.66 CNY per share, with a market capitalization of 7.48 billion CNY [1]. - The stock has seen a trading volume of 46.18 million CNY, with a turnover rate of 0.87% [1]. - Year-to-date, the stock has been on the龙虎榜 once, with a net buy of 6 million CNY on October 14 [2]. Group 2: Financial Performance - For the period from January to September 2025, Jin Haitong reported revenue of 482 million CNY, representing a year-on-year growth of 87.88% [2]. - The net profit attributable to shareholders for the same period was 125 million CNY, showing a year-on-year increase of 178.18% [2]. - The company's main revenue sources include testing sorting machines (86.69%), spare parts (12.43%), and others (0.88%) [2]. Group 3: Shareholder Information - As of September 30, 2025, Jin Haitong had 10,600 shareholders, an increase of 10.28% from the previous period [2]. - The average number of circulating shares per shareholder was 3,927, a decrease of 9.32% [2]. - The company has distributed a total of 35.70 million CNY in dividends since its A-share listing [3].

Core Viewpoint - Jinhaitong Semiconductor Equipment Co., Ltd. experienced a 5.13% decline in stock price, closing at 131.20 CNY per share, with a total market capitalization of 7.872 billion CNY as of October 31 [1] Company Overview - Jinhaitong was established on December 24, 2012, and went public on March 3, 2023. The company specializes in the research, development, production, and sales of semiconductor chip testing equipment [1] - The revenue composition of Jinhaitong includes 86.69% from testing sorting machines, 12.43% from spare parts, and 0.88% from other sources [1] Shareholder Information - Guoshou Anbao Fund's Guoshou Anbao Smart Life Stock A (001672) entered the top ten circulating shareholders of Jinhaitong in the third quarter, holding 632,800 shares, which is 1.51% of the circulating shares. The estimated floating loss for today is approximately 4.4864 million CNY [2][4] - Guoshou Anbao Smart Life Stock A was established on September 1, 2015, with a latest scale of 2.21 billion CNY. Year-to-date returns are 40.47%, ranking 1189 out of 4216 in its category, while the one-year return is 49.72%, ranking 751 out of 3889 [2] Fund Management - The fund manager of Guoshou Anbao Smart Life Stock A is Zhang Qi, who has a cumulative tenure of 15 years and 120 days. The total asset scale of the fund is 2.773 billion CNY, with the best fund return during his tenure being 239.54% and the worst being -19.09% [3]

Core Viewpoint - The company Jin Haitong (603061.SH) reported strong financial performance for the first three quarters of 2025, with significant year-on-year growth in revenue and net profit, driven by increased demand for semiconductor packaging and testing equipment [1][6]. Financial Performance - The company achieved a revenue of 482 million yuan, representing a year-on-year increase of 87.88% [1][6]. - Net profit attributable to shareholders reached 125 million yuan, up 178.18% year-on-year [1][6]. - The net profit after deducting non-recurring gains and losses was 121 million yuan, reflecting a year-on-year growth of 222.43% [1][6]. - The gross profit margin for the first three quarters was 51.95%, an increase of 3.22 percentage points compared to the previous year [6]. - The net profit margin was 25.95%, up 8.42 percentage points year-on-year [6]. - Basic earnings per share were 2.16 yuan, with a weighted average return on equity of 8.95% [6]. Cash Flow and Operational Efficiency - The net cash flow from operating activities was 49.95 million yuan, showing a year-on-year increase of 122.70%, providing stable cash support for future R&D and capacity expansion [6]. - In the third quarter of 2025 alone, the company achieved a net profit of 48.98 million yuan, a remarkable year-on-year growth of 832.58% [6]. Industry Position and Future Outlook - As a leading supplier of semiconductor testing equipment in China, the company benefits from the accelerated localization of semiconductor equipment and rapid growth in industry demand [6][7]. - Testing sorting machines account for over 80% of the company's product structure, playing a critical role in the packaging and testing process [6]. - With the global expansion of wafer fabs and upgrades in the back-end packaging and testing processes, demand for the company's equipment is expected to continue to rise [6]. - The company plans to enhance its technological innovation and market positioning, optimize its product structure, and strengthen its core competitiveness to expand market share and create long-term value for shareholders [7].

Core Insights - The company reported strong performance in the first three quarters of 2025, with revenue increasing by 87.88% to 482 million yuan and net profit rising by 178.18% to 125 million yuan, driven by a recovery in semiconductor packaging and testing equipment demand [1] - The company's gross margin reached 51.95%, up 3.22 percentage points year-on-year, and net margin was 25.95%, an increase of 8.42 percentage points compared to the previous year, indicating significant improvement in profitability [1] - The net cash flow from operating activities was 49.95 million yuan, a year-on-year increase of 122.70%, providing strong cash support for future business expansion and R&D investment [1] Industry Context - The company is benefiting from the rapid growth in demand for semiconductor testing equipment and the acceleration of domestic substitution processes, with over 80% of its product structure consisting of testing sorters, which play a crucial role in the semiconductor backend packaging testing segment [2] - Given the favorable industry conditions and the company's excellent performance in the first three quarters, it is expected to achieve high growth in annual performance for 2025 [2] - The company is poised to continue expanding its market share and enhancing product technology content, solidifying its leading position in the semiconductor testing equipment sector amid the ongoing global economic recovery and the push for technological self-sufficiency in China [2]

Group 1 - The core point of the news is the performance and financial metrics of Tianjin Jinhaitong Semiconductor Equipment Co., Ltd., which saw a stock price increase of 5.34% to 141.58 CNY per share, with a total market capitalization of 8.495 billion CNY [1] - The company specializes in the research, production, and sales of semiconductor chip testing equipment, with its main revenue sources being testing sorting machines (86.69%), spare parts (12.43%), and others (0.88%) [1] - As of the report, the trading volume was 21 million CNY, with a turnover rate of 3.63% [1] Group 2 - From the perspective of fund holdings, Southern Fund has a significant position in Jinhaitong, with its Southern Semiconductor Industry Stock Initiation A fund holding 39,900 shares, accounting for 4.97% of the fund's net value, ranking as the ninth largest holding [2] - The fund has achieved a year-to-date return of 60.42%, ranking 302 out of 4,219 in its category, and a one-year return of 72.75%, ranking 111 out of 3,877 [2] - The fund manager, Zheng Xiaoxi, has been in position for 6 years and 133 days, with the fund's total asset size at 5.844 billion CNY [3]

Group 1 - The core point of the news is the performance of Tianjin Jinhaitong Semiconductor Equipment Co., Ltd., which saw a decline of 5.02% in its stock price, reaching 132.32 CNY per share, with a total market capitalization of 7.939 billion CNY [1] - The company specializes in the research, development, production, and sales of semiconductor chip testing equipment, with its main revenue sources being testing sorting machines (86.69%), spare parts (12.43%), and others (0.88%) [1] - As of the latest report, the trading volume was 158 million CNY, with a turnover rate of 2.81% [1] Group 2 - From the perspective of fund holdings, Beixin Ruifeng Fund has one fund heavily invested in Jinhaitong, specifically the Beixin Ruifeng Quantitative Optimal Flexible Allocation Fund (007808), which held 2,000 shares, accounting for 1.51% of the fund's net value [2] - The fund has experienced a year-to-date return of 54.55%, ranking 576 out of 8,159 in its category, and a one-year return of 50.81%, ranking 691 out of 8,030 [2] - The fund manager, Cheng Min, has been in the position for over 7 years, with the fund's total asset size at 79.545 million CNY and a best return of 108.13% during the tenure [3]