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拓荆科技: 关于2025年度“提质增效重回报”专项行动方案的半年度评估报告
Zheng Quan Zhi Xing· 2025-08-25 17:05
拓荆科技股份有限公司 关于 2025 年度"提质增效重回报"专项行动方案的 半年度评估报告 拓荆科技股份有限公司(以下简称"公司")为践行以"投资者为本"的上 市公司发展理念,维护公司全体股东利益,基于对公司未来发展前景的信心及价 值的认可,制定了 2025 年度"提质增效重回报"专项行动方案,在总结 2024 年度行动方案成效的基础上,积极深入挖掘公司"提质增效"创新路径和举措, 助力资本市场健康、稳定发展。2025 年上半年(以下简称"报告期"),该专 项行动方案主要举措的实施情况及效果如下: 一、聚焦主业,优化运营,创新引领公司高质量发展 报告期内,公司继续聚焦主业,做深做精主营产品,坚持自主创新,增强公 司产品的市场竞争力,并持续强化公司运营管理,促进公司高质量、稳健、快速 的发展,保持公司在国内半导体设备行业的领先地位。具体包括以下方面: (一)持续深耕主业,提高核心竞争力 报告期内,公司持续专注薄膜沉积设备和三维集成领域设备的研发与产业化, 不断拓展和提升 PECVD、ALD、SACVD、HDPCVD、Flowable CVD 等薄膜沉 积设备及三维集成领域设备(包括先进键合设备和配套量检测设备) ...
商道创投网·会员动态|浙江晟霖益嘉·完成8000万元A轮融资
Sou Hu Cai Jing· 2025-08-24 17:07
《商道创投网》创业家会员·本轮融资用途是什么? 浙江晟霖益嘉创始人陈霖表示:资金将双线并进。一方面迭代现有钙钛矿蒸镀、ALD、RPD设备,提升 膜层均匀性与产能,巩固光伏客户粘性;另一方面加速半导体12吋溅射、ALD、RTP下一代机型研发, 通过材料数据库与AI工艺算法缩短客户验证周期,并扩建中试线,实现从实验室到量产线的无缝衔 接。 《商道创投网》2025年8月24日从官方获悉:浙江晟霖益嘉科技有限公司近日完成了由惠新产业基金、 泓谟资本联合投资,老股东浙大友创创投基金继续跟投的8000万元A轮融资。 《商道创投网》创业家会员·单位简介 浙江晟霖益嘉成立于2022年,总部落地杭州,专注"钙钛矿光伏+半导体"真空薄膜沉积高端装备。公司 核心团队来自国内顶尖高校与产业龙头,拥有磁控溅射PVD、原子层沉积ALD、快速热处理RTP等多款 12吋标准设备设计经验,已打通材料验证、工艺优化、整机交付全链条,正快速实现国产替代。 《商道创投网》创投家会员·本轮投资原因是什么? 惠新产业基金合伙人杨峥表示:晟霖益嘉团队兼具装备设计与产线工艺Know-how,已获多家头部客户 PO验证;钙钛矿GW级产线扩张及半导体设备国产化 ...
寄语科创板
Shang Hai Zheng Quan Bao· 2025-07-21 19:53
Group 1 - The establishment of the Sci-Tech Innovation Board (STAR Market) has provided a nurturing environment for "hard technology" companies, fostering innovation and high-quality development over the past six years [1][13] - Companies like Haiguang Information have significantly improved their governance, innovation, and competitiveness, benefiting from the STAR Market's supportive policies and funding environment [2] - The STAR Market has enhanced the capital market's inclusivity and support for high-quality development of unprofitable technology companies, as demonstrated by companies like Baili Tianheng [3] Group 2 - The STAR Market has been a crucial engine for China's innovation-driven development strategy, injecting vitality into the sci-tech industry [4] - Companies such as United Imaging Healthcare have experienced increased brand influence, easier financing, and more flexible talent incentives due to their listing on the STAR Market [5] - The STAR Market's inclusive policies have allowed companies like Yingshi Innovation to focus on technological breakthroughs and international expansion [6] Group 3 - China Communications Construction Company has effectively utilized the STAR Market's financing mechanisms to support its technological innovation and industry upgrades [7] - JinkoSolar has leveraged the STAR Market to enhance its strategic foundation for global development and technological innovation [8] - The STAR Market has played a significant role in supporting the growth of hard technology enterprises, as highlighted by various companies' experiences [9] Group 4 - Companies like Tuojing Technology have overcome development bottlenecks and achieved profitability within a year of listing on the STAR Market, demonstrating the platform's effectiveness [10] - Zhongkong Technology has gained substantial funding support for its research and development in AI and robotics, solidifying its leading position in industrial automation [11] - Kaisa Biotech has utilized the STAR Market to enhance its capital support for technological innovation in biomanufacturing [12] Group 5 - The STAR Market has become the preferred listing venue for hard technology companies, attracting industry leaders and hidden champions [14] - Companies are optimistic about the STAR Market's future reforms, which are expected to further support the growth of innovative technology firms [15]
科创板,真6!上市公司、券商高管齐齐“点赞”
证券时报· 2025-07-21 13:53
Core Viewpoint - The article highlights the significant achievements of the Sci-Tech Innovation Board (STAR Market) in its six years of operation, emphasizing its role as a "testbed" for capital market reforms and its support for hard technology enterprises [1][4][11]. Group 1: Achievements of the STAR Market - Since its launch on July 22, 2019, the STAR Market has made notable progress in nurturing new productive forces and promoting high-quality economic development [7][11]. - The STAR Market has become a key platform for hard technology companies, with over 80% of listed companies in emerging industries such as new-generation information technology and biomedicine [11][12]. - The recent implementation of the "1+6" reform measures, including the establishment of a growth tier and the reintroduction of the fifth listing standard, enhances the STAR Market's inclusivity for unprofitable tech companies [4][8][12]. Group 2: Future Outlook - The STAR Market is expected to continue evolving with a more open approach and innovative mechanisms, aiming to attract and cultivate more outstanding tech enterprises [4][15]. - The introduction of the growth tier will specifically support high-quality, unprofitable tech companies, reflecting the increasing inclusivity and adaptability of China's capital market [16][18]. - The STAR Market is anticipated to play a crucial role in fostering technological innovation and supporting the transformation of the economy towards higher quality [11][25][32]. Group 3: Institutional Innovations - The STAR Market has implemented various institutional innovations, such as the strategic investor co-investment system and the recent introduction of professional institutional investors, which enhance the market's value discovery capabilities [8][18][29]. - The flexible listing standards and reduced barriers for entry have attracted more quality tech companies to the market, facilitating better resource allocation [8][12][29]. - The STAR Market's reforms are designed to better accommodate the long profit cycles and high R&D investments typical of tech enterprises, ensuring they receive precise capital support [35][36].
拓荆科技二季度反转预盈2.38亿 三年累投17亿研发新品量产优化
Chang Jiang Shang Bao· 2025-07-20 22:51
Core Viewpoint - The company,拓荆科技, is experiencing a rapid recovery in its operating performance, driven by the successful introduction and mass production of new products, alongside a strong focus on independent innovation [1][2]. Financial Performance - For Q2 2025, the company expects revenue between 1.21 billion to 1.26 billion yuan, representing a year-on-year growth of 52% to 58% [2] - The projected net profit for the same period is between 238 million to 247 million yuan, showing a significant increase of 101% to 108% year-on-year [2] - The company reported a net loss of 147 million yuan in Q1 2025, marking its first loss since its listing in April 2022, primarily due to high costs during the customer validation of new products [2][3] Product and Market Strategy - The company is capitalizing on the domestic semiconductor equipment replacement strategy, leveraging its advanced technology in thin film deposition and 3D integration equipment [3] - The advanced process verification machines have successfully passed customer certification and are entering mass production [3] Research and Development - The company has consistently invested in R&D, with total expenditures from 2022 to 2024 amounting to 1.711 billion yuan, maintaining a high R&D expense ratio of around 20% [1][4] - As of the end of 2024, the company had 648 R&D personnel, accounting for 42.3% of its total workforce, and had applied for a total of 1,640 patents [4] Financial Health - The company reported a net cash flow from operating activities of 10.93 million yuan in Q1 2025, a year-on-year increase of 101.51% [5] - As of Q1 2025, the company's total assets reached 16.21 billion yuan, a 4.61-fold increase compared to 2.888 billion yuan in the same period of 2022 [5]
拓荆科技:目前在手订单充足 持续做深做精主营业务产品
Zheng Quan Shi Bao Wang· 2025-06-03 23:46
Core Viewpoint -拓荆科技 is a leading enterprise in the domestic semiconductor thin film deposition equipment and hybrid bonding equipment market, focusing on advanced technologies and products to meet the growing demands of the semiconductor industry driven by AI and emerging sectors [1][2][3] Financial Performance - In Q1 2025, the company reported revenue of 709 million yuan, a year-on-year increase of 50.22%, but a net loss of 147 million yuan, with a basic earnings per share of -0.53 yuan [1] - The decline in gross margin is attributed to the high cost of new products and processes, which accounted for nearly 70% of the revenue during the quarter [2] Product Development and Market Position - The company is focusing on thin film deposition equipment and advanced bonding equipment for 3D integration, continuously expanding its product offerings to meet industry trends and customer demands [3][4] - The company has successfully developed and delivered several new products, including low dielectric constant SiCO film process equipment and Thermal-ALD devices, which have passed customer verification and are now in industrial application [4] Industry Outlook - The semiconductor industry is expected to grow significantly, with global sales projected to increase by 19% to reach 628 billion USD in 2024, and continue to maintain double-digit growth in 2025, potentially exceeding 1 trillion USD by 2030 [2] - The demand for semiconductor equipment is rising due to advancements in AI applications and the increasing performance requirements for semiconductor devices [3] Strategic Initiatives - The company is committed to deepening its core business and advancing technology products in cutting-edge fields, with plans for new R&D and industrialization bases to support future growth [4][5]
拓荆科技:收入高增,聚焦新工艺新设备研发-20250505
HTSC· 2025-05-05 15:45
Investment Rating - The report maintains a "Buy" rating for the company with a target price of RMB 212.80 [7][4]. Core Views - The company achieved a revenue of RMB 709 million in Q1 2025, representing a year-over-year increase of 50.22%, although it experienced a quarter-over-quarter decline of 61.18%. The net profit attributable to the parent company was a loss of RMB 100 million [1][2]. - The decline in gross margin to 19.89% in Q1 2025, down 19.42 percentage points quarter-over-quarter, is attributed to high costs from new product validations and increased R&D investments, which accounted for 22.38% of revenue [2][1]. - The company has successfully covered a full range of PECVD dielectric film materials and leads in ALD process coverage domestically. The advanced bonding equipment is in a phase of accelerated growth, and the company expects continued high growth in new orders and revenue [1][3]. Summary by Sections Revenue and Profitability - In Q1 2025, the company reported a revenue of RMB 709 million, a significant increase of 50.22% year-over-year. However, the gross margin was 19.89%, reflecting a decline due to costs associated with new product validations [2][1]. - The net profit attributable to the parent company was a loss of RMB 100 million in Q1 2025, influenced by high R&D expenditures and validation costs [2][1]. Product Development and Market Expansion - The company is actively expanding its product offerings in the film and bonding sectors, with new products in trench, backside deposition, and high-temperature hard mask categories. The introduction of Gapfill and ALD products since 2021 has led to increased revenue contributions [3][1]. - The company has established subsidiaries in Japan and Singapore to enhance its overseas sales channels, which are seen as crucial for future growth [3][1]. Financial Projections - The company is projected to achieve revenues of RMB 5.41 billion, RMB 6.99 billion, and RMB 8.87 billion for the years 2025, 2026, and 2027, respectively. Corresponding net profits are expected to be RMB 954.88 million, RMB 1.27 billion, and RMB 1.85 billion [4][6]. - The report anticipates a recovery in gross and net margins as validation costs are absorbed, leading to improved profitability in the future [2][1].
拓荆科技:一季度营收同比增长50.22%
Zhong Zheng Wang· 2025-04-30 11:31
Core Viewpoint -拓荆科技 reported strong financial performance in Q1 2025, with significant revenue growth and positive cash flow, indicating robust business development and market competitiveness [1][2] Financial Performance - The company achieved operating revenue of 709 million yuan, a year-on-year increase of 50.22% [1] - The net cash flow from operating activities turned positive, increasing by 732 million yuan year-on-year [1] - The amount of orders on hand at the end of the reporting period grew compared to the end of 2024, along with significant increases in advance payments and sales collections [1] R&D Investment - In Q1 2025, the company invested 159 million yuan in R&D, accounting for 22.38% of its operating revenue [1] - From 2022 to 2024, total R&D investment reached 1.711 billion yuan, representing 20.09% of total operating revenue during the same period [1] Product Development and Market Position - The company focuses on high-end semiconductor equipment, including PECVD, ALD, SACVD, HDPCVD, and Flowable CVD products, as well as advanced bonding and detection equipment for 3D integration [1][2] - The company has maintained a compound annual growth rate (CAGR) of 74.83% in operating revenue from 2019 to 2024, showcasing strong market competitiveness [1] - The company has achieved breakthroughs in new products and processes, with successful batch validation of new products and expanded process coverage [2] - In the field of thin film deposition equipment, the company is advancing high-capacity and high-performance equipment for advanced storage and logic chips, entering large-scale production [2] - The company is actively promoting new generation advanced bonding products and detection equipment for the 3D integration field, aiming to provide comprehensive technical solutions [2]
拓荆科技一季度营业收入同比增长50.22% 新产品实现批量验证
Zheng Quan Shi Bao Wang· 2025-04-30 03:31
Core Viewpoint - The company reported a significant increase in revenue for Q1 2025, driven by rising demand for domestic semiconductor equipment and successful new product validations, despite a net loss. Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 709 million yuan, a year-on-year increase of 50.22% [1] - The net profit for the same period was -147 million yuan, with a basic earnings per share of -0.53 yuan [1] - The compound annual growth rate (CAGR) of revenue from 2019 to 2024 reached 74.83% [1] Group 2: Product Development and Market Position - The company focuses on semiconductor thin film deposition equipment and has established two product series: thin film deposition equipment and hybrid bonding equipment [1] - New products and processes accounted for nearly 70% of sales revenue during the reporting period, although gross margins declined due to high customer validation costs [2] - The company emphasizes independent innovation and has maintained high R&D investment, with R&D expenses of 159 million yuan in Q1 2025, representing 22.38% of revenue [2] Group 3: Operational Efficiency - The company reported a significant increase in net cash flow from operating activities, turning positive with an increase of 732 million yuan year-on-year [3] - The volume of goods shipped increased by 94% compared to the previous year, contributing to improved cash flow [2][3] - The company has seen a substantial increase in both advance payments and sales collections compared to the same period last year [3]
北方华创(002371):1Q25略超预期 经营稳中有升
Xin Lang Cai Jing· 2025-04-29 02:43
Core Viewpoint - The company reported strong financial results for 2024 and Q1 2025, with revenue and net profit growth exceeding market expectations, indicating robust operational performance and market position [1][2][4]. Financial Performance - For 2024, the company achieved revenue of 29.838 billion yuan, a year-on-year increase of 35.14%, and a net profit of 5.621 billion yuan, up 44.17% year-on-year, aligning with previous forecasts [1]. - In Q1 2025, revenue reached 8.206 billion yuan, reflecting a 37.90% year-on-year growth, with net profit at 1.581 billion yuan, up 38.80% year-on-year, slightly exceeding market expectations [1]. Revenue Breakdown - In 2024, electronic equipment revenue was 27.707 billion yuan, up 41.28% year-on-year, with a gross margin of 41.50%, an increase of 3.83 percentage points [2]. - Semiconductor equipment revenue included over 8 billion yuan from etching equipment, over 10 billion yuan from thin film deposition equipment, and over 2 billion yuan from thermal processing equipment [2]. Expense Management - Sales and management expenses for 2024 were 1.085 billion yuan and 2.111 billion yuan, showing a year-on-year increase of 0.1% and 20.5%, respectively, indicating improved expense efficiency [3]. - R&D expenses rose to 3.669 billion yuan, a 48.2% increase year-on-year, with R&D personnel increasing from 3,656 to 4,583, reflecting a strong commitment to innovation [3]. Inventory and Debt - As of the end of 2024 and Q1 2025, inventory stood at 23.479 billion yuan and 25.211 billion yuan, respectively, while contract liabilities were 6.214 billion yuan and 5.751 billion yuan [3]. - Long-term borrowings increased from 3.946 billion yuan at the end of 2024 to 4.858 billion yuan in Q1 2025, with plans to issue bonds up to 15 billion yuan for working capital [3]. Profit Forecast and Valuation - The company maintains its profit forecast, expecting revenue growth of 27.2% and 24.1% for 2025 and 2026, reaching 37.960 billion yuan and 47.102 billion yuan, respectively [4]. - The current stock price corresponds to a P/E ratio of 31.4x for 2025 and 25.1x for 2026, with a target price of 515 yuan, indicating a potential upside of 14% [4].