证券时报记者李明珠 6月21日上午，湖北省政府种子基金设立发布会在长江产业大厦举行。下午，"长江路演厅"投资直通车 湖北省政府种子基金专场活动在长江创投大厦举行。本次活动由湖北省财政厅、长江产业集团联合主 办，长江创业投资基金管理有限公司、湖北省创业投资同业公会共同承办，吸引了高校院所代表、省内 外知名种子投资机构、天使投资机构、金融机构、创业孵化器等百余人参加。 长江产业集团党委书记、董事长黎苑楚表示，"长江路演厅"投资直通车活动定位于湖北省科创项目集中 展示的"会客厅"、创新项目与创新资本的"对接桥"。通过"长江路演厅"活动，长江产业集团将持续开展 科技成果常态化路演，实现科创项目与创新资本快速对接、路演展示与投资评审互动融合、创业辅导与 项目需求有效链接。 "长江路演厅"活动常设于中北路100号长江创投大厦，以线上线下结合方式，开展项目征集、路演和创 业辅导。项目评审遵循"鼓励自主创新、促进科技成果转化、培育新质生产力"导向，针对"0到1"阶段项 目"优势突出、短板明显"特征，主要从技术创新力、市场吸引力、团队执行力、自身造血力、产业助推 力"五维角度"进行"画像"，以此遴选兼具创新性和商业性的优质种子 ...

Core Viewpoint - The company is implementing a differentiated and high-end development strategy focused on electroplating and photolithography, with significant progress in product testing and upcoming mass production, which is expected to drive continuous growth in performance [1][3]. Electroplating - The company has established a competitive product matrix for electroplating solutions, achieving full category coverage in traditional and advanced packaging fields, and has made breakthroughs in high-end markets [1]. - In the advanced packaging sector, multiple products for electroplating solutions and additives have entered mass production, widely used in Bumping and RDL processes [1]. - The high-purity copper electroplating solution has achieved stable supply to Huada Technology and Tongfu Microelectronics, while the tin-silver electroplating additive has passed stringent certification from Changdian Technology and received small batch orders [1]. - The copper electroplating additive for advanced packaging is currently undergoing batch stability verification, and the 28nm Damascus copper interconnect process copper plating additive is in the final stages of product certification [1]. - The ultra-high purity cobalt-based solution and additives for 5-14nm advanced processes are progressing well in client testing, and the cleaning solution for copper processes in wafer manufacturing has entered the mass production scaling phase [1]. Photolithography - The advanced packaging negative photoresist has covered multiple mainstream packaging factories, with market penetration continuously increasing, and the company plans to enrich product models for full category coverage [2]. - The self-developed positive PSPI photoresist has successfully obtained the first domestic order from a mainstream wafer factory, breaking the long-standing technology monopoly of the US and Japan, and is expected to gradually achieve mass shipments by 2025 [2]. - The company is also developing negative PSPI and high-sensitivity chemical amplification PSPI, with plans to continue advancing product certification in advanced packaging and wafer manufacturers by 2025 [2]. - The wafer ICA chemical amplification photoresist is undergoing successful client validation testing, with some indicators outperforming international benchmark products [2]. - The OLED high-sensitivity photoresist is in client testing for OLED backplane array photolithography processes, and the company has reached a consensus with BOE on future cooperation and strategic planning [2]. - The high-thickness KrF photoresist is currently in the laboratory research phase, aiming to fill domestic gaps [2]. Market Expansion - The company has acquired INOFINE to expand into the Southeast Asian market, further solidifying its leading position in wet electronic chemicals [3]. - INOFINE, established in 2009, is one of the early entrants in the semiconductor wet electronic chemicals business in Malaysia and holds a certain influence in the local market [3]. - From 2025, INOFINE will be included in the company's consolidated financial statements [3]. Financial Projections - The company expects revenues of 600 million, 727 million, and 913 million yuan for the years 2025, 2026, and 2027, respectively, with net profits attributable to the parent company projected at 50 million, 71 million, and 103 million yuan for the same years [3].

Core Viewpoint - The chemical industry is experiencing a structural optimization and upgrade driven by global capacity restructuring and domestic policies, leading to a recovery in demand and a new upward cycle, with significant stock price increases in the basic chemical sector, particularly for companies like United Chemical [1] Group 1: Company Performance - United Chemical achieved a revenue of 53.46 million yuan in 2024, a year-on-year increase of 24.80%, and a net profit of 5.64 million yuan, up 66.81% [2] - In Q1 2025, the company reported a revenue of 13.00 million yuan, a slight increase of 0.52%, and a net profit of 1.65 million yuan, up 17.97% [2] - The company specializes in the R&D, production, and sales of azo organic pigments and water-based inks, with applications in various industries including printing, packaging, and cosmetics [2] Group 2: R&D and Innovation - United Chemical's R&D investment grew by 27.16% in 2024, with R&D expenses accounting for 4.53% of revenue [3] - The company aims to enhance its core technology and innovation through independent R&D, focusing on developing high-performance, environmentally friendly pigment products [3] - The company holds 12 invention patents and 19 utility model patents, participating in the formulation of 48 national and industry standards [2][3] Group 3: Strategic Expansion - United Chemical is expanding into the electronic chemicals sector, leveraging its experience in fine chemical synthesis and surface treatment [4] - In May 2025, the company established a joint venture, Qichen Semiconductor, to develop and produce various semiconductor materials, including photolithography monomers and electronic-grade solvents [4] - The initial production capacity for the photolithography monomer project is designed at 200 tons per year, with plans for future expansion based on market demand [4][5]

点击 最 下方 " 推荐"、"赞 "及" 分享 "，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 PCB领域。 PCB作为电子产品中不可或缺的元件，其需求稳定且将持续增长。2017年开始，随着5G、 云计算、智能汽车等新的结构性增长热点的出现，PCB行业迎来新的增长驱动。与此同时，PCB将更多 向高密度化、薄型高多层化等高技术含量方向发展，带动PCB光刻胶用量的持续增长。据Prismark统 计，2022年世界PCB产业总产值达817亿美元，同比增长1.0％。预计2023年产值同比下滑4％。随着 AI、5G网络通信、新能源车等新科技应用的持续带动，预计2022～2027年世界PCB产值年均增长4％， 到2027年将达到984亿美元。2022年， 世界PCB光刻胶的消费额约为163亿元 ，同比增长2%，预计未来 5年消费增速约为4%。 1.2受半导体产业快速发展驱动，未来5年中国光刻胶需求增速约7% 近年来，随着中国在电子芯片、新型显示面板和印制电路板等产业的快速发展，中国对光刻胶的需求呈 增长态势。尽管半导体集成电路产业快速发展，但由于新型显示产业需求大幅下滑，2022年中国光刻胶 市场规模与 ...

一、光刻胶为何如此之难？ 点击 最 下方 " 推荐"、"赞 "及" 分享 "，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 备注：文末附录更多关于光刻胶的报告 正文 在半导体制造领域，光刻胶是一个极为关键的材料，它如同芯片制造的"画笔"，决定着芯片上微观结构 的精度和质量。然而，光刻胶却是一个让无数国内企业望而却步的领域，其难度之大，堪称半导体材料 领域的"珠穆朗玛峰"。本文将深入探讨光刻胶到底难在哪里，以及在当前的产业环境下，是否有机会投 资，又该如何布局。 来源：新材料在线 （一）技术门槛：高不可攀的"护城河" 1、复杂的化学配方 光刻胶是一种高度复杂的化学混合物，其配方涉及多种化学成分的精确配比。它由光引发剂、光刻胶树 脂、单体、溶剂和其他助剂组成。这些成分在特定波长的光照下会发生光化学反应，从而改变光刻胶在 显影液中的溶解度，实现图形化的目的。 然而，不同类型的光刻胶（如g线、i线、KrF、ArF、EUV光刻胶）对配方的要求各不相同。以EUV光 刻胶为例，其需要在极紫外光（波长仅13.5纳米）下工作，这就要求光刻胶具有极高的光敏感度和分辨 率，同时还要具备良好的抗刻蚀性能和低线宽粗糙度。这种 ...

撰稿|张君 来源|贝多财经 近日，厦门恒坤新材料科技股份有限公司（下称"恒坤新材"）在上海证券交易所递交了新一版本的招股书，并就第一轮问询函进行了回复。 随着财务资料的更新，恒坤新材的审核进度也得以恢复。 据贝多财经了解，恒坤新材于2024年12月递交招股书，报考在上海证券交易所科创板上市。本次报考上市，恒坤新材原计划募资12亿元，将用于集成电路前 驱体二期项目、SiARC开发与产业化项目，以及集成电路用先进材料项目。 而据最新招股书，2025年3月26日，恒坤新材2025年第一次临时股东会审议通过了《关于调整公司募投项目的议案》，同意"SiARC开发与产业化项目"不再 作为募投项目，拟募资总额降低至10.07亿元。 | 序号 | 项目名称 | 总投资额 | 拟投入募集资金 | 实施主体 | | --- | --- | --- | --- | --- | | | 集成电路前驱体二期项目 | 51,911.33 | 39,980.22 | 大连恒坤 | | 2 | SiARC 开发与产业化项目 | 19,330.50 | 19,330.50 | 福建泓光 | | 3 | 集成电路用先进材料项目 | 90,916 ...

Group 1 - The core viewpoint of the article is that the revenue from photolithography materials is expected to grow by 7% to reach $5.06 billion by 2025, driven by the recovery of the semiconductor market and increased demand for advanced photolithography resists, particularly EUV resists which are projected to grow by 30% year-on-year [1] - In 2024, photolithography material revenue is forecasted to have a modest growth of 1.6%, reaching $4.74 billion, with photolithography resists growing by 1% and EUV resists showing a notable increase of 20% [1] - The market is benefiting from the steady growth in demand for photolithography resists due to advancements in node processes, especially EUV resists, while traditional resists like KrF and ArF are also seeing increased applications in 3D NAND [1] Group 2 - According to TECHCET's report, the photolithography materials market is expected to grow at a compound annual growth rate of 6% until 2029, influenced by trends in supply chain localization with new facilities being established in the US, South Korea, Taiwan, and mainland China [2] - Geopolitical tensions, particularly restrictions on advanced materials and China's advancements in photolithography technology, will impact material supply [2] - Innovative technologies such as dry photolithography resist deposition and nanoimprint lithography are deemed crucial for meeting advanced node demands, while the industry is also addressing challenges like the phased-out use of PFAS-related chemicals [2]

[Table_Info1] 八亿时空(688181) 电子 [Table_Title] 证券研究报告 / 公司点评报告 Q1 业绩同环比显著改善，光刻胶树脂放量在即 --- 2024 年年报&2025 年一季报点评 [Table_Summary] 事件：据公司公告，2024 年公司实现营收 7.37 亿元，同比-7.77%，归母 净利润 0.77 亿元，同比-28.27%，扣非归母净利润 0.62 亿元，同比-32.29%。 2025Q1，公司实现营收 2.14 亿元，同比+19.21%，环比+13.39%，归母净 利润 0.24 亿元，同比+25.25%，环比+60.59%，扣非归母净利润 0.23 亿 元，同比+26.69%，环比+728.97%。 点评 2025 年全球面板行业有望稳步增长，公司 Q1 业绩同环比显著改善 2024 年全球面板行业呈现复苏回暖态势，在新产能释放与技术创新的双 重驱动下，预计 2025 年将延续稳步增长。出货方面，根据 CINNO Research 数据，2024 年全球面板出货面积同比增长 7.6%，预计 2025 年全球面板 出货面积将同比增长 4.2%。产能方面，根据 ...

政策成为新变因，EUV成本压力首要因素 报告研究指出，若美国对来自日本的EUV与ArF光刻胶课征10～25%关税，将导致进口价格上涨10～ 24%，以目前EUV光刻胶报价每加仑1500美元计算，一旦课税25%，最终成本将在2025年增加近400 美元。 申请入围"中国IC独角兽" 半导体高质量发展创新成果征集 然而，EUV光刻胶具备高技术导向与使用环境极为严格的要求，无法轻易替代，因为即使关税阻碍成本 攀升，包括台积电、英特尔、三星等先进晶圆制造商仍需依赖日系供应商的安全出货，才能确保先进制 造进度的良率与量产进度。目前面临着「被迫接受高成本」的现实困境。 当全球半导体先进制造进程迈向2nm竞速阶段，EUV（极紫外光）光刻胶无疑是最核心、也最难取代 的一环， 近期美国针对日系高阶材料拟增征进口关税， 无异于向供应链竞赛发起变数，也为材料势力 版图带来潜在重构契机。 EUV光阻技术主题高吸光率、低缺陷密度与高精密选择比等物理特性，加上验证期长、量产入口高，市 场长期受JSR、东京应化、信越化学三大日厂垄断，市占率超过九成。 美系大厂如杜邦与陶氏虽然现 在ArF、KrF保有市占，但在EUV该领域几乎无法与日厂抗衡 ...

【DT新材料】 获悉，4月25日， 北京八亿时空 发布公告，终止全资子公司 浙江八亿时空 " 年产 3000 吨六氟磷酸锂项目 "（以下简称"项目"）。 项目预计总投资约 2.80亿元，截至目前，已投入约495.01万元于项目前期开发、工艺设计及人工费用等。公司声明，由于 锂电市场供需结构的转变，电 解液市场进入到价格低迷、市场严重内卷的冷却期 ， 公司决定终止项目，用以保存实力投入到现有落地的项目。 就在前几日，4月24日，八亿时空发布2025 年第一季度报告，公司实现营业收入为2.14亿元，同比上升20.61%；归母净利润为2404.32万元，同比上升 25.25%；扣非归母净利润为2328.33万元，同比上升26.69%。 4月25日，八亿时空发布了 2024年度报告 ，公司实现全年营业收入7.37亿元，同比下降7.77%；实现归母净利润7,660.39万元，同比下降2 8.27%；实现 扣非归母净利润6,209.43万元，同比下降32.29%。 | | | | | 单位:万元 币种:人民币 | | --- | --- | --- | --- | --- | | 主要会计数据 | 2024年 | 202 ...