证券日报网讯1月8日，兴福电子在互动平台回答投资者提问时表示，目前公司主要产品电子级磷酸、电 子级硫酸、电子级双氧水等通用湿电子化学品及金属系列蚀刻液、硅系列蚀刻液、清洗剂等多款功能湿 电子化学品已批量供应相关客户。与此同时公司一直致力于践行国产替代使命，强化技术攻关，力争将 公司打造成为以湿电子化学品为主的国际化半导体材料平台型企业。 ...

1月7日，兴福电子涨15.65%，成交额7.63亿元。两融数据显示，当日兴福电子获融资买入额1.08亿元， 融资偿还9668.36万元，融资净买入1165.14万元。截至1月7日，兴福电子融资融券余额合计2.52亿元。 分红方面，兴福电子A股上市后累计派现7200.00万元。 机构持仓方面，截止2025年9月30日，兴福电子十大流通股东中，东方红睿元混合（000970）位居第四 大流通股东，持股92.37万股，为新进股东。 责任编辑：小浪快报 融资方面，兴福电子当日融资买入1.08亿元。当前融资余额2.51亿元，占流通市值的7.69%。 融券方面，兴福电子1月7日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量8100.00股，融券余额36.33万元。 资料显示，湖北兴福电子材料股份有限公司位于湖北省宜昌市伍家岗区沿江大道188-9号2002室，成立 日期2008年11月14日，上市日期2025年1月22日，公司主营业务涉及公司目前主要从事湿电子化学品的 研发、生产和销售,主要产品包括电子级磷酸、电子级硫酸等通用湿电子化学品,以及蚀刻液、清洗剂、 显影液、剥膜液、再生剂 ...

1月7日，兴福电子涨5.39%，截至发稿，报40.87元/股，成交2.31亿元，换手率7.93%，总市值147.13亿 元。 资料显示，湖北兴福电子材料股份有限公司位于湖北省宜昌市伍家岗区沿江大道188-9号2002室，成立 日期2008年11月14日，上市日期2025年1月22日，公司主营业务涉及公司目前主要从事湿电子化学品的 研发、生产和销售,主要产品包括电子级磷酸、电子级硫酸等通用湿电子化学品,以及蚀刻液、清洗剂、 显影液、剥膜液、再生剂等功能湿电子化学品。主营业务收入构成为：通用湿电子化学品75.12%，功 能湿电子化学品14.68%，其他5.32%，湿电子化学品回收综合利用业务2.38%，食品添加剂磷酸1.41%， 代工业务1.09%。 从基金十大重仓股角度 截至发稿，刘迪累计任职时间1年69天，现任基金资产总规模34.59亿元，任职期间最佳基金回报 17.56%， 任职期间最差基金回报0.13%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪 ...

[Table_scodeMsg1] 公司研究丨深度报告丨兴发集团（600141.SH） [Table_Title] 创新助力，新能源新材料放光彩 %% %% %% %% research.95579.com 1 丨证券研究报告丨 报告要点 [Table_Summary] 公司作为综合性化工龙头公司，依托所在地宜昌的富饶磷矿资源，打造了完备的磷化工产业链， 但公司又不囿于此，坚定践行国家战略，加强资源转化和科技创新，打造产业链一体化，发力 高附加值产品，谋求长期高质量发展。我们在公司深度报告《乘磷而兴，着力高端，多线齐飞》 中阐述了公司的多元板块布局、产业链协同优势等；而本篇深度更多着重公司在新能源材料、 高附加值新材料方面的布局。 分析师及联系人 [Table_Author] 马太 王明 李禹默 SAC：S0490516100002 SAC：S0490521030001 SAC：S0490525060002 SFC：BUT911 SFC：BVA881 请阅读最后评级说明和重要声明 2 / 30 %% %% %% %% research.95579.com 2 [Table_scodeMsg2] 兴发集团（60 ...

Group 1: Key Insights on Xingfu Electronics - The company is backed by Xingfa Group, a leading player in the phosphate chemical and fine chemical industry, ensuring strong supply chain support [8] - It focuses on semiconductor applications, with a complete wet electronic chemical product system, including 60,000 tons of electronic-grade phosphoric acid and 100,000 tons of electronic-grade sulfuric acid, leading the domestic market [8] - The company aims to become a world-class electronic materials enterprise, with ongoing internationalization and diversification strategies [8] Group 2: Key Insights on JD Industrial - JD Industrial is a leading provider of industrial supply chain technology and services in China, with a projected revenue of 20.398 billion yuan and an adjusted net profit of 909 million yuan for 2024 [10] - The company has established a comprehensive digital infrastructure for supply chain management, covering 80 product categories and serving over 11,100 key enterprise clients [10] - The industrial supply chain market in China is vast, with a size of 11.4 trillion yuan in 2024, and JD Industrial holds a market share of 4.1% in the industrial supply chain technology and services market [10] Group 3: Insights on the Coal Industry - The coal industry is experiencing a restructuring due to stricter safety regulations, with a cumulative coal production of 4.402 billion tons from January to November, showing a year-on-year increase of 1.4% [14] - The demand for coal remains stable, with a projected increase in coal consumption in the chemical industry, and the overall coal demand is expected to grow slightly [14] - Investment recommendations include stable high-dividend stocks like China Shenhua and Shaanxi Coal, as well as growth stocks such as TBEA and Huaihe Energy [14] Group 4: Insights on MEMS Sensor Industry - The company is a leading player in high-performance MEMS inertial sensors, with a revenue and net profit CAGR exceeding 38% from 2019 to 2024 [15] - The MEMS technology market is expanding, with applications in consumer electronics, automotive, industrial, and aerospace sectors [16] - The company is actively pursuing new market opportunities, including partnerships in autonomous driving and low-altitude aviation [16] Group 5: Insights on Automotive Industry - The automotive market is seeing a shift towards intelligent and high-end vehicles, with a focus on new energy vehicles and the potential for significant growth in the second-hand car market [24] - Recent data indicates a 9% month-on-month increase in retail sales of passenger vehicles, despite a year-on-year decline [26] - Investment recommendations include companies with strong alpha potential and those benefiting from the ongoing reforms in state-owned enterprises [27]

Investment Rating - The report initiates coverage with a rating of "Buy" for the company [2]. Core Insights - The company is positioned as a leading enterprise in wet chemical products, focusing on semiconductor applications and expanding its international and diversified strategies to become a world-class electronic materials company [7][19]. - The semiconductor industry is entering a prosperous cycle, with significant capacity expansion in wafer fabs, which is expected to benefit material suppliers like the company [7][41]. - The company has a robust product matrix, including electronic-grade phosphoric acid and sulfuric acid, which are pivotal for its growth, especially in functional wet chemical products [8][9]. Summary by Sections 1. Company Overview - The company, established in 2008, specializes in the research, production, and sales of wet electronic chemicals, with a focus on semiconductor applications [16]. - It has developed a comprehensive product system, including electronic-grade phosphoric acid, sulfuric acid, and hydrogen peroxide, achieving high standards recognized by major semiconductor manufacturers [16][18]. 2. Industry Outlook - The semiconductor industry is experiencing a "super cycle," with rising demand for storage chips and increased wafer fab utilization, leading to a favorable environment for material suppliers [41][43]. - The report highlights that domestic semiconductor companies are ramping up production, which will further enhance the demand for the company's products [46]. 3. Financial Performance - The company has shown steady revenue growth, with total revenue projected to reach 1,459 million yuan in 2025, reflecting a year-on-year growth rate of 28.3% [6]. - The net profit attributable to the parent company is expected to grow significantly, reaching 227 million yuan in 2025, with a projected PE ratio of 59 [6][8]. 4. Product Development - The company is expanding its product offerings in functional wet chemicals, with a focus on electronic gases and advanced electronic materials, which are expected to contribute to long-term growth [19][20]. - The report indicates that the company has a strong pipeline of new products, with 35 products successfully tested by advanced process customers [19]. 5. Market Position - The company benefits from its affiliation with Xingfa Group, a leading player in the phosphorus chemical industry, providing a strong supply chain advantage [22]. - The company’s market share in electronic-grade phosphoric acid is the highest in China, with significant production capacity planned for the coming years [20][24].

资料显示，湖北兴福电子材料股份有限公司位于湖北省宜昌市伍家岗区沿江大道188-9号2002室，成立 日期2008年11月14日，上市日期2025年1月22日，公司主营业务涉及公司目前主要从事湿电子化学品的 研发、生产和销售,主要产品包括电子级磷酸、电子级硫酸等通用湿电子化学品,以及蚀刻液、清洗剂、 显影液、剥膜液、再生剂等功能湿电子化学品。主营业务收入构成为：通用湿电子化学品75.12%，功 能湿电子化学品14.68%，其他5.32%，湿电子化学品回收综合利用业务2.38%，食品添加剂磷酸1.41%， 代工业务1.09%。 12月18日，兴福电子跌2.24%，成交额1.84亿元。两融数据显示，当日兴福电子获融资买入额2602.33万 元，融资偿还2210.48万元，融资净买入391.84万元。截至12月18日，兴福电子融资融券余额合计2.29亿 元。 机构持仓方面，截止2025年9月30日，兴福电子十大流通股东中，东方红睿元混合（000970）位居第四 大流通股东，持股92.37万股，为新进股东。 融资方面，兴福电子当日融资买入2602.33万元。当前融资余额2.29亿元，占流通市值的8.39%。 责任编辑： ...

Policy - The Central Economic Work Conference emphasized the implementation of a new round of high-quality development actions for key industrial chains, focusing on innovation-driven growth and the establishment of international technology innovation centers in major regions [1] - Xiamen's 14th Five-Year Plan suggests strengthening efficient supply of computing power, algorithms, and data, promoting digital transformation across the city, and enhancing the integration of the digital economy with the real economy [1] Investment Activities - Shanghai Future Industry Fund plans to invest in five sub-funds, including Shanghai Lianxue Venture Capital and Shanghai Innovation Workshop Venture Capital [4] - Zhongqi Technology completed a financing round of over 500 million RMB, with participation from various institutional investors [7] - Star Source Intelligent Robot completed a financing round exceeding 100 million RMB, focusing on multi-modal spatial intelligence [9] - Ling Sheng Technology completed approximately 100 million RMB in Pre-A financing, aimed at accelerating the development of brain-like technology [10] - Zhuoyue Intelligent completed 200 million RMB in C round financing, focusing on intelligent drone systems [11] Market Developments - Moore Threads is set to unveil a new generation GPU architecture at the upcoming MUSA Developer Conference [13][14] - China Shipbuilding Special Gas announced an investment of approximately 870 million RMB for a project to produce high-purity hydrogen sulfide and other electronic gases [14] - Xingfu Electronics plans to invest 480 million RMB in a project for electronic-grade phosphoric acid, driven by increasing demand in semiconductor manufacturing [14] - Tongyizhong intends to invest about 198 million RMB in a project for ultra-high molecular weight polyethylene fiber, expanding its applications in various fields [15]

兴福电子此前在业绩说明会上表示，在全球半导体产业链复苏，集成电路国产化替代加速等经济环境推 动下，公司迎来了良好发展机遇，核心产品电子级磷酸、电子级硫酸、电子级双氧水销量增长强劲，功 能湿电子化学品品类不断丰富，业绩中枢保持稳健增长。 扩产能加码核心业务 业绩稳健增长，兴福电子(688545.SH)拟大手笔优化产业布局。 12月9日晚间，兴福电子发布公告，拟投资4.8亿元建设4万吨/年电子级磷酸项目，进一步完善公司在半 导体湿电子化学品领域的产业布局。 长江商报记者注意到，兴福电子作为湖北磷化工巨头兴发集团（600141）(600141.SH)下属电子化学品 业务的独立上市平台，在国内半导体领域电子级磷酸产品的市场占有率接近七成，并保持逐年提升趋 势。 业绩方面，2025年前三季度，公司实现营收10.63亿元，同比增长26.67%；归母净利润1.65亿元，同比 增长24.67%。 兴福电子表示，通过在宜昌新材料产业园布局新项目，公司能够实现抵近目标市场的战略布局，进一步 放大产品规模，推动公司加快高质量发展。 产业布局进一步完善 同日，兴福电子还发布公告，为进一步拓展产品品类、优化产业布局，公司拟以自有资金4 ...

大中华区要闻： 2、再创新高！现货白银首次站上60美元； 3、WTI 1月原油期货收跌1.07%，报58.25美元/桶； 4、哈塞特：美联储有大量降息空间 不止25个基点； 5、美联储传声筒：面对罕见分歧 鲍威尔明日可能"先降息再设限"； 6、铜价从历史高位回落 投资者等待美联储信号； 7、美国国防授权法案要求美军2030年前结束依赖中国面板技术； 8、澳大利亚社媒禁令10日生效！16岁以下全面禁用：违规平台可罚款超2亿； 9、SpaceX计划明年IPO，募资远超300亿美元，估值或达1.5万亿美元； 10、美国11月小企业乐观指数回升至99 劳动力短缺与通胀压力仍存； 11、美修订版《生物安全法案》将被纳入讨论 未点名具体企业； 12、中国据悉将限制内地使用英伟达H200芯片； 格隆汇12月10日｜国际要闻： 1、美股三大指数收盘涨跌不一，摩根大通跌超4%，中概指数跌1.37%； 1、人形机器人被过度炒作！大摩警告：电池、感应器与供应链才是关键； 2、光和谦成注册成立！多晶硅"收储平台"来了？业内称产能与成本优化有望迈出关键一步； 3、福建泉州：支持各县(市、区)因地制宜开展与金门、澎湖等地融合发展实践； ...