知识星球-材料汇(1000+份报告) ,链接如下: https://t.zsxq.com/WNpPc 或者扫一扫一下二维码 一、报告总目录（标签） 知识星球材料汇文章标签汇总 一、投资 #新材料投资 #投资笔记 8848 二、半导体 #半导体 #半导体材料 #光刻胶 #电子特气 #靶材 #硅片 #湿电子化学品 #CMP #掩膜版 #先进封装 #封装基板 #封装材料 #玻璃通孔TGV #晶圆清洗材料 #凸点 #硅通孔TSV #芯 片黏接材料 #光敏绝缘介质材料 #PSPI #BCB #玻璃基板 #电镀液 #重布线层RDL #环氧塑 封料 #硅微粉 #金刚线 #HBM #封装设备 #底部填充料 #固晶胶 #热界面材料 #陶瓷基板 #半导体设备 #光刻机 #蚀刻机 #薄膜沉积 #离子注入 #DUV #涂胶显影设备 #量测设备 #第三代半导体 #碳化硅 #氦化荡 #第四代半导体 #氧化荡 #光模块 #硅光子 #铜酸锂 #石英制品 #硅上绝缘体 #托盘 #静电卡盘 #碳化硅CVD #半导体零部件 #晶圆制造工艺 41882 三、新能源#新能源 #新能源 #锂电池 #钢离子电池 #硅基负极 #复合集流体 #隔膜 #正极材 ...

转自：前瞻产业研究院 行业主要上市公司：江丰电子(300666.SZ)、隆华科技(300263.SZ)、阿石创(300706.SZ)、欧莱新材 (688530.SH)、有研新材(600206.SH)等 本文核心数据：中国银基合金靶材市场规模;不同规格银基合金靶材年消费量;银基合金靶材企业市场份额 1、银合金靶材被大量应用于半导体集成电路领域 随着高端电子产品需求的日益增大，现代半导体集成电路技术获得飞速的发展。银合金靶材作为半导体集成 电路中的导电材料，被大量应用于半导体集成电路领域，如有机发光二极管(OLED)显示面板的阳极电极和 芯片封装金属层，其是半导体集成电路的重要原材料。 在半导体显示领域，由于银较高的光反射特性，一般用作OLED显示面板中阳极电极，主要作用是导电和反 射发光层产生的光。相比于常用的铟锡氧化物(ITO)，银(Ag)的功函数较低，约为4.2eV。OLED阳极电极为 具有高功函数及高反射率的特性，一般由ITO薄膜、银/银合金薄膜及ITO薄膜依序重叠所构成的三层结构的 复合导电膜组成，其中Ag薄膜对复合导电膜的导电和透过性能起着决定性的作用。 2、中国银基合金靶材市场规模不断扩大 从需求端 ...

Core Viewpoint - The Shanghai Fengxian District Government has issued the "Fengxian District General New Materials Industry Development Action Plan (2025-2027)" to enhance the development of the new materials industry, focusing on integrated circuit supporting materials and promoting domestic alternatives [1] Group 1: Industry Focus - The plan emphasizes the use of the Shanghai Electronic Chemical Products Zone as a platform, with key areas being the Hangzhou Bay Development Zone and the Industrial Comprehensive Development Zone [1] - The initiative targets the development of wet chemicals, high-purity targets, electronic gases, and semiconductor packaging materials as key directions for integrated circuit supporting materials [1] Group 2: Company Support - Companies such as Xinxin Lesi, Tongchuang Purun, and Kangmeite are identified as key players in driving the development of advanced process integrated circuit supporting materials [1] - The plan supports the development of high-purity targets above 6N level, high-purity reagents above G3 level, deep ultraviolet photoresists, and associated reagents to accelerate domestic substitution [1] Group 3: Project Development - The plan aims to promote the establishment of the Tongchuang Purun New Materials Industrial Park project to create an ecosystem for industry chain expansion [1]

点击 关注我们 报告发布日期：2025年6月8日 报告名称:《江丰电子（300666.SZ）-靶材实现国产化供应链，零部件打开第二成长曲线》 分析师：胡剑 S0980521080001/胡慧 S0980521080002/ 叶 子 S0980522100003 / 詹浏洋 S0980524060001 / 张大为 S0980524100002/ 李书颖 S0980522100003 联系人：连欣然 完整报告请扫描下方二维码 核心观点 1Q25营收同比增长29.53%，归母净利润同比增长163.58% 公司2025年第一季度实现营收10.00亿元(YoY +29.53%，QoQ +2.11%)，归母净利润1.57亿元(YoY +163.58%， QoQ +38.22%)。公司基于自身晶圆制造溅射靶材领域的竞争优势，在国产半导体材料零部件自主可控的背景 下，实现技术创新和规模化供应能力，提升半导体靶材的市场份额。同时，公司积极布局半导体精密零部件， 为客户提供高品质的定制化产品，打开公司业务第二成长曲线。 2024年业绩高速增长，超高纯靶材毛利率改善 公司2024年实现营业收入36.05亿元(YoY +38.57 ...

Core Viewpoint - The company plans to issue A-shares to specific investors to raise a total of no more than 1,947.829 million yuan, which will be used for projects related to semiconductor materials and components, enhancing its production capacity and international competitiveness [4][20][29]. Group 1: Issuance Details - The issuance will target no more than 35 specific investors, including qualified institutional investors and other eligible entities [21]. - The final issuance price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date [22][23]. - The total number of shares issued will not exceed 30% of the company's total share capital before the issuance, amounting to a maximum of 79,596,204 shares [3][24]. Group 2: Fund Utilization - The raised funds will be allocated to three main projects: the production of 5,100 electrostatic suction cups for integrated circuit equipment, and 12,300 ultra-pure metal sputtering targets for large-scale integrated circuits, with a total investment of 2,127.829 million yuan [25][30]. - The company plans to use 997.9 million yuan for the electrostatic suction cup project and 270 million yuan for the ultra-pure metal sputtering target project in South Korea [30][31]. - An additional 9,992.90 million yuan will be allocated for the establishment of a research and technology service center in Shanghai [32]. Group 3: Market Context and Strategic Goals - The semiconductor industry is experiencing significant growth driven by demand in artificial intelligence, 5G, and other advanced technologies, with the global semiconductor market expected to reach approximately 697.2 billion USD by 2025 [36]. - The company aims to enhance its market share and brand influence while addressing the domestic demand for high-purity sputtering targets and precision components, which are currently heavily reliant on imports [13][15][36]. - The strategic goal includes establishing a global production base for sputtering targets in South Korea to better serve international clients like SK Hynix and Samsung, thereby improving localized service capabilities [17][36].

Core Viewpoint - The company, Ningbo Jiangfeng Electronic Materials Co., Ltd., is issuing shares to specific investors, which will dilute immediate returns but includes measures to compensate for this dilution [1][4]. Financial Impact Analysis - The total amount raised from the share issuance is expected to be no more than 1,947.83 million yuan [1]. - Post-issuance, the total share capital will increase significantly, leading to a potential short-term dilution of earnings per share (EPS) and return on equity (ROE) [1][4]. - Under the assumption that net profit remains flat compared to 2024, the diluted EPS is projected to decrease from 1.51 yuan to 1.47 yuan [2][3]. - If net profit increases by 20% or 40%, the diluted EPS could rise to 1.77 yuan or 2.06 yuan respectively, indicating a recovery in returns over time [3][4]. Necessity and Rationality of the Issuance - The fundraising project has undergone rigorous evaluation and is deemed necessary for enhancing the company's core competitiveness and sustainable development capabilities [5][6]. - The funds will be directed towards projects that align with the company's existing business in ultra-pure sputtering targets and semiconductor precision components [5][6]. Measures to Mitigate Dilution - The company plans to strengthen the management of raised funds to ensure they are used effectively for the intended projects [7][8]. - There will be a focus on expediting project implementation to achieve benefits as soon as possible [7]. - The company aims to enhance its main business operations to improve profitability and shareholder returns [7][8]. Commitments from Key Stakeholders - The controlling shareholder and management have made commitments to not interfere with company operations or harm its interests, ensuring adherence to the measures designed to mitigate dilution [9][10].

Fundraising Plan - The total amount raised from the issuance of shares will not exceed 1,947.83 million yuan, after deducting 20 million yuan for financial investments [1] - The funds will be allocated to projects including the production of electrostatic chucks and ultra-pure metal sputtering targets for integrated circuits [1][4] Project Details - The project for producing 5,100 electrostatic chucks aims to address the supply-demand imbalance in China's high-end electrostatic chuck market, enhancing the semiconductor supply chain's self-sufficiency [1][11] - The project for producing 12,300 ultra-pure metal sputtering targets will establish a production base in South Korea, enhancing service capabilities for major clients like SK Hynix and Samsung [4][10] - The Shanghai R&D and Technical Service Center project aims to improve the company's technological capabilities and competitiveness [12][13] Market Context - The global semiconductor industry is projected to grow significantly, with market sizes of approximately $526.9 billion in 2023 and $697.2 billion by 2025, driven by demand in AI, 5G, and IoT [7][8] - China's integrated circuit market is expected to grow rapidly, with a compound annual growth rate (CAGR) of 15.44% from 2018 to 2024 [15][16] Company Positioning - The company has made significant advancements in the ultra-pure metal sputtering target sector, reducing reliance on imports and achieving competitive parity with international leaders [8][9] - The company aims to enhance its global presence and competitiveness through the establishment of production facilities abroad [10][18] Financial Implications - The fundraising will support operational liquidity and debt repayment, optimizing the company's capital structure and reducing financial risks [24][26] - The implementation of these projects is expected to enhance profitability and market competitiveness, contributing to sustainable growth [25][26]

江丰电子（300666）7月10日晚间公告，拟定增募资不超过19.48亿元，用于加码半导体精密零部件、高 端靶材，建设研发中心以及补充流动资金等。 预案显示，江丰电子计划向特定对象发行的股票不超过7959.62万股(含本数)，募资扣除2000万元的财务 性投资后，本次发行的募集资金总额不超过19.48亿元(含本数)，用于年产5100个集成电路设备用静电吸 盘产业化项目、年产12300个超大规模集成电路用超高纯金属溅射靶材产业化项目、上海江丰电子研发 及技术服务中心项目及补充流动资金及偿还借款。 按照本次发行的上限测算，本次发行完成后，公司实际控制人姚力军合计控制上市公司股份将从 24.57%降至18.90%，仍为公司实际控制人。本次发行不会导致公司控制权发生变化。 募投项目中，静电吸盘项目总投资额为10.98亿元，拟使用募集资金9.98亿元，旨在实现静电吸盘产品的 量产和销售，以缓解我国高端静电吸盘供求失衡的局面；超高纯金属溅射靶材项目总投资额为3.5亿 元，拟使用募集资金2.7亿元，以建设公司在韩国的生产基地，加速公司全球化战略布局，实现对SK海 力士、三星等重要客户覆盖，提升公司属地化服务能力，为公司的国 ...

Group 1 - Jiangfeng Electronics plans to raise no more than 1.95 billion yuan for the production of 12,300 ultra-pure metal sputtering targets for integrated circuits and other projects [1] - Northern Rare Earth has adjusted the trading price of rare earth concentrates to 19,109 yuan per ton for Q3 2025, reflecting a 1.5% increase from the previous price [2] - Baogang Co. also plans to adjust the trading price of rare earth concentrates to 19,109 yuan per ton for Q3 2025, indicating a 1.5% increase [3] Group 2 - Shijia Photon intends to acquire 82.3810% equity of Fokexima through a combination of share issuance and cash payment, aiming to enhance its production capabilities and reduce costs [4] - Yiling Pharmaceutical's application for the registration of Banxia Baizhu Tianma granules has been accepted, marking its first classic prescription product [5] - Liangpinpuzi's controlling shareholder is planning a change of control, leading to a temporary suspension of its stock [6] Group 3 - Qin'an Co. plans to acquire 99% equity of Yigao Optoelectronics through share issuance and cash payment, with stock resuming trading [7] - Goldwind Technology's shareholder, Harmony Health, intends to reduce its stake by up to 1% within three months [8] Group 4 - Tianbao Infrastructure expects a net profit of 90 million to 130 million yuan for the first half of the year, representing a year-on-year increase of 1581.80% to 2329.27% [10] - Guosheng Jinkong anticipates a net profit of 150 million to 220 million yuan for the first half of the year, a year-on-year growth of 236.85% to 394.05% [10] - China Shipbuilding expects a net profit of 2.8 billion to 3.1 billion yuan for the first half of the year, reflecting a year-on-year increase of 98.25% to 119.49% [10]

Core Viewpoint - Jiangfeng Electronics (300666) plans to raise no more than 1.948 billion yuan through a private placement to fund various projects including the production of electrostatic suction cups for integrated circuit equipment and ultra-pure metal sputtering targets for large-scale integrated circuits [1] Group 1 - The company aims to produce 5,100 electrostatic suction cups for integrated circuit equipment [1] - The company plans to produce 12,300 ultra-pure metal sputtering targets for large-scale integrated circuits [1] - The fundraising will also support the establishment of a research and technology service center in Shanghai [1] Group 2 - The funds will be used to supplement working capital and repay loans [1]