股票代码：603078 股票简称：江化微 江阴江化微电子材料股份有限公司 （江苏省江阴市周庄镇长寿云顾路 581 号） 江阴江化微电子材料股份有限公司 募集资金使用可行性分析报告 二〇二五年八月 江阴江化微电子材料股份有限公司 以简易程序向特定对象发行 A 股股票募集资金使用可行性 分析报告 江阴江化微电子材料股份有限公司（以下简称"江化微"或"公司"）是在上海证 券交易所主板上市的公司。为满足公司业务发展的需要，扩大公司经营规模，进一步增 强公司资本实力及盈利能力，公司根据《中华人民共和国公司法》《中华人民共和国证 券法》《上市公司证券发行注册管理办法》等相关法律、法规和规范性文件的规定，拟 通过以简易程序向特定对象发行A股股票方式募集资金。公司就本次发行募集资金使用 的可行性分析如下： 一、本次募集资金使用计划 本次发行募集资金总额不超过30,000.00万元（含30,000.00万元），扣除发行费用后 的募集资金净额全部投资于以下项目： 单位：万元 | 序号 | 项目名称 | 项目投资总额 | | 拟使用募集资金 | | --- | --- | --- | --- | --- | | | 合计 | 30 ...

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 - Recently, Haike Group announced that its subsidiary, Zhenjiang Runjing High Purity Chemical Technology Co., Ltd. (Runjing Technology), successfully completed a new round of financing totaling RMB 350 million, led by Haike Group's strategic investment department with participation from several strategic investors [3]. Group 1: Company Overview - Runjing Technology, established in 2008, is a subsidiary of Haike Group, which is listed among the "Top 500 Enterprises in China." The company specializes in the research, production, sales, and service of high-purity wet electronic chemicals for high-end manufacturing industries such as semiconductors and display panels [3][5]. - The company has developed methods and patented technologies for producing electronic-grade tetramethylammonium hydroxide and electronic-grade tetraethylammonium hydroxide, with 94 patents approved [5]. Group 2: Product and Market Position - Wet electronic chemicals, also known as ultra-pure electronic chemicals, are essential liquid chemical materials used in microelectronics and optoelectronics processes, including etching solutions, developing solutions, stripping solutions, cleaning solutions, and dilution solutions [5]. - Runjing Technology has established business or technical partnerships with major clients in the panel and semiconductor industries, including Samsung, BOE, Huaxing Optoelectronics, Huike, TSMC, and Changxin Storage, providing one-stop solutions for electronic chemicals [7]. Group 3: Future Prospects - The company is expanding its product range, including projects related to post-CMP cleaning solutions, color film developing solutions, and silver etching solutions. It has four subsidiaries, with Hefei Xinke Electronic Materials Co., Ltd. focusing on high-purity hydrogen peroxide, ammonia, and isopropanol for semiconductor-grade products [7]. - The acquisition of two Chinese factories from Sumitomo Chemical in April 2024 will enhance Runjing Technology's product offerings in etching solutions, stripping solutions, and CF developing solutions, thereby improving its competitiveness in the Chinese wet electronic chemical market [7]. - The rapid growth of the semiconductor and display panel industries is driving the increasing demand for wet electronic chemicals, positioning Runjing Technology for significant breakthroughs in the industry [7].

Group 1 - The core viewpoint of the article is that Runjing Technology, a subsidiary of Haike Group, successfully completed a new round of financing amounting to 350 million RMB, led by Haike Group's strategic investment department along with several strategic investors from the semiconductor industry [1] - Runjing Technology specializes in the research, production, sales, and service of high-purity wet electronic chemicals for high-end manufacturing industries such as semiconductors and display panels, providing one-stop solutions for major global companies like Samsung, BOE, TCL, and TSMC [1] - The financing round involved multiple strategic investors, including Kunqiao Capital, Guotou Chuanghe Fund Management, Shangqi Capital, and Fujian Industrial Equity Investment Co., Ltd [1] Group 2 - In 2024, Runjing Technology acquired two subsidiaries of Sumitomo Chemical, which are Sumitomo Electronic Materials Technology (Hefei) Co., Ltd and Sumitomo Electronic Materials Technology (Chongqing) Co., Ltd [2] - This acquisition allows Runjing Technology to inherit Sumitomo Chemical's technological advantages and business systems, enabling the rapid expansion of its product portfolio, including etching liquids, stripping liquids, and CF developing liquids [2] - The regional layout in Chongqing and Hefei will facilitate quick responses to local customers, enhancing Runjing Technology's competitiveness in the Chinese wet electronic chemical market [2]

Investment Rating - The report suggests a focus on companies in the refrigerant sector such as Juhua Co., Ltd. and Sanmei Co., Ltd. due to the sustained high prices of refrigerants, enhancing profitability [5]. Core Insights - Refrigerant prices remain high, with significant year-on-year increases, indicating strong demand and profitability potential in this sector [3][5]. - The low-altitude economy and robotics industry are moving towards commercialization, leading to increased demand for new materials and lightweight materials such as carbon fiber and ultra-high molecular weight polyethylene (UHMWPE) [5][30]. Summary by Sections 1. Key Sub-industry and Product Tracking - Refrigerants: Prices for R22, R32, R125, and R134a have increased by 2.04%, 1.05%, and 1.11% respectively compared to the previous week, with R22 at 36,000 CNY/ton and R32 at 50,000 CNY/ton [3][12]. - Electronic Chemicals: Prices for electronic-grade ammonia, developing solutions, and etching solutions have decreased significantly, with electronic-grade ammonia down 50% year-on-year [4][12]. - High-performance fibers and lightweight materials are gaining attention due to advancements in robotics and the low-altitude economy [4][5]. 2. Market Performance - The basic chemical index increased by 1.38% during the week, with the overall chemical industry showing a mixed performance [68][74]. - The report highlights the significant price fluctuations in various chemical products, with some sectors like polyester showing strong gains [74]. 3. Key Company Announcements and Industry News - The report emphasizes the importance of monitoring technological breakthroughs and material import substitutions in the electronic chemicals sector [14][24]. - Companies such as Yake Technology, Lianrui New Materials, and Dinglong Co. are highlighted as key players in the semiconductor materials market, which is expected to grow significantly [21][24]. 4. Focused Targets - The report recommends attention to the carbon fiber industry and companies involved in the production of lightweight materials due to the anticipated growth in demand from the low-altitude economy and robotics sectors [5][30].

Investment Rating - The report suggests a positive outlook for refrigerants and materials related to the low-altitude economy and robotics industry, recommending attention to companies like Juhua Co., Ltd. and Sanmei Co., Ltd. [5] Core Insights - Refrigerant prices remain high, enhancing profitability for related companies [5] - The low-altitude economy and robotics industry in China are moving towards commercialization, potentially increasing demand for new materials and lightweight materials such as carbon fiber and ultra-high molecular weight polyethylene [5] Summary by Sections 1. Sub-industry Tracking - Refrigerants: Prices are stable and high, with R22 averaging 36,000 CNY/ton, R32 at 50,000 CNY/ton, R125 at 45,500 CNY/ton, and R134a at 48,000 CNY/ton, showing increases of 2.04%, 1.11%, 1.05%, and 0% respectively compared to last week [3][12] - Electronic Chemicals: Prices for electronic-grade ammonia water have dropped by 12.5% to 3,500 CNY/ton, while developing liquid and etching liquid prices have decreased by 3.57% and 3.13% respectively [4][12] 2. Market Performance - The basic chemical index increased by 1.38% during the week, ranking 9th among 30 major industries [68] - The basic chemical industry rose by 3.79% this month, ranking 11th among 30 major industries [71] 3. Key Company Announcements and Industry News - The report highlights the importance of technological breakthroughs and material import substitution in the electronic chemicals sector [14][17] - Companies such as Yake Technology, Lianrui New Materials, and Dinglong Co. are noted for their potential in the semiconductor materials market [24]

导读： 5月12日，由上海集成电路材料研究院、国家新材料测试评价平台电子化学品行业中心、仪器信息网联合主办的"半导体新材料产业检测创新发展论坛"在上 海松江成功举办。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 仪器信息网讯 2 0 2 5年5月1 2日，第十八届中国科学仪器发展年会（ACCSI 2 0 2 5）在上海松江富悦大酒店隆重开幕，吸引超1 8 0 0位科学仪器行 业相关政府领导、院士专家、仪器厂商高层、检测机构负责人、投资人等参会，会议规模再创新高。 作为分论坛之一，由上海集成电路材料研究院、国家新材料测试评价平台电子化学品行业中心、仪器信息网联合主办，北京化工大学新材料校 友会协办的 "半导体新材料产业检测创新发展论坛 " 于5月1 2日下午成功举办，论坛吸引超百位业界人士参会，仪器信息网材料物性主编杨厉 哲主持会议。 开幕致辞 上海市 集成电 路行业协会副秘书长 毛彩虹 致辞中，毛彩虹副秘书长首先代表上海市集成电路行业协会，对第十八届中国科学仪器发展年会检测创新发展论坛的召开表示热烈祝贺，向主 办方、协办单位以及各位来宾 ...

Core Viewpoint - The company, Hangzhou Grinda Electronic Materials Co., Ltd., has released its 2024 annual report summary, highlighting its financial performance, business operations, and future development plans. Company Overview - Hangzhou Grinda specializes in the research, production, and sales of ultra-pure wet electronic chemicals, which are essential in the manufacturing processes of display panels, semiconductors, and solar cells [6][17]. - The company has established a comprehensive procurement and production system, along with strong product design and development capabilities, positioning itself as a leading domestic manufacturer in the wet electronic chemicals sector [6][16]. Industry Development Outlook - The wet electronic chemicals industry is supported by national policies aimed at enhancing the competitiveness of domestic enterprises in the sector [7][8]. - The demand for wet electronic chemicals is expected to grow significantly due to the rapid development of downstream industries such as semiconductors and display panels [10][15]. - The global market for large-sized LCD panels is projected to see a 5.1% increase in shipment volume in 2024, indicating a recovery in the display industry [11]. Financial Performance - In the reporting period, the company achieved operating revenue of 656.05 million yuan, a decrease of 5.65% year-on-year, and a net profit attributable to shareholders of 146.25 million yuan, down 16.46% from the previous year [18]. - The company plans to distribute a cash dividend of 2.20 yuan per 10 shares, amounting to a total of approximately 43.90 million yuan, with a cash dividend ratio of 30.02% [4][5]. Market Opportunities - The domestic market for high-end wet electronic chemicals is expected to expand as local companies enhance their product quality and capabilities, leading to a trend of import substitution [16]. - The development of the digital economy in China is anticipated to drive growth in the new display and integrated circuit industries, creating significant market opportunities for related materials and equipment companies [15].

4月7日，格林达股票盘中跌停，杭州格林达电子材料股份有限公司成立于2001年10月,,公司隶属于杭州电化集团(国家一级安全生产标准化企业),是一家专业 从事定制湿电子化学品及其配套服务与解决方案的高新技术企业,其主要客户涵盖平板显示、光伏面板、芯片制作等领域,主要产品包括正胶显影液、负胶显 影液、各种蚀刻液、剥离液、稀释/清洗液等。 景顺长城电子信息产业股票A、景顺长城成长龙头一年持有混合A、景顺长城环保优势股票基金经理分别为杨锐文、张雪薇、王开展。 简历显示，杨锐文先生:中国,工学硕士、理学硕士。2008年8月至2010年11月担任上海常春藤衍生投资公司高级分析师;2010年11月加入景顺长城基金管理有 限公司,担任研究部研究员,自2014年10月起担任股票投资部基金经理,现任股票投资部投资副总监兼基金经理。2019年10月17日担任景顺长城创新成长混合型 证券投资基金基金经理。自2017年3月21日至2019年11月5日任景顺长城景颐丰利债券型证券投资基金基金经理。2015年10月29日至2020年4月28日担任景顺 长城资源垄断混合型证券投资基金(LOF)基金经理。2016年11月至2017年12月管理 ...